Terns Pharmaceuticals, Inc.
TERNDelisted May 5, 2026- Industry
- Pharmaceutical Preparations
- SEC CIK
- 0001831363
Terns Pharmaceuticals, Inc. was delisted on May 5, 2026; its insiders filed their last Form 4 on May 5, 2026; 317 institutions reported holding it in 13F filings for Q1 2026, worth $6.56B in total; Soros Fund Management was the only superinvestor holding it.
13F holders, Q1 2026
Institutional positions in Terns Pharmaceuticals, Inc. as of Mar 31, 2026. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
TERN is no longer listed, so this page shows Q1 2026. 13F filings for later quarters list far fewer holders.
- Institutional holders
- 317
- +76 vs. Q4 2025
- Shares held
- 124.8M
- +11.2M (+9.8%) vs. Q4 2025
- Total value
- $6.56B
- +$1.97B (+43.0%) vs. Q4 2025
- New holders
- 131
- 115 more added
- Sold out
- 55
- 55 more reduced
7 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting TERN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 1 | $75.4K |
| Q1 2026 | 317 | $6.56B |
| Q4 2025 | 248 | $4.95B |
| Q3 2025 | 141 | $665.7M |
| Q2 2025 | 130 | $310.0M |
| Q1 2025 | 138 | $229.4M |
| Q4 2024 | 157 | $477.2M |
| Q3 2024 | 156 | $663.1M |
| Q2 2024 | 126 | $446.7M |
| Q1 2024 | 112 | $414.8M |
| Q4 2023 | 103 | $412.7M |
| Q3 2023 | 93 | $310.4M |
| Q2 2023 | 103 | $505.0M |
| Q1 2023 | 79 | $630.2M |
| Q4 2022 | 65 | $506.2M |
| Q3 2022 | 45 | $178.1M |
| Q2 2022 | 42 | $36.5M |
| Q1 2022 | 44 | $50.0M |
| Q4 2021 | 37 | $116.7M |
| Q3 2021 | 34 | $174.3M |
| Q2 2021 | 36 | $203.8M |
| Q1 2021 | 42 | $393.7M |
Institutions, Q1 2026
Shares, value and share of portfolio for each institution holding Terns Pharmaceuticals, Inc.; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vazirani Asset Management LLC | 10,000 | $527.2K | 1.22% | +10,000 | New |
| Sio Capital Management, LLC | 10,100 | $532.5K | 0.08% | 00.0% | Unchanged |
| Dark Forest Capital Management LP | 10,400 | $548.3K | 0.05% | +31+0.3% | Added |
| Massachusetts Financial Services Co | 10,902 | $574.8K | 0.00% | +10,902 | New |
| One68 Global Capital, LLC | 11,000 | $579.9K | 1.88% | +11,000 | New |
| Mizuho Securities USA LLC | 11,083 | $584.3K | 0.01% | +11,083 | New |
| Two Sigma Securities, LLC | 11,908 | $627.8K | 0.07% | +11,908 | New |
| Bridgeway Capital Management, LLC | 12,000 | $632.6K | 0.01% | −19,000−61.3% | Reduced |
| Carlson Capital L P | 12,000 | $632.6K | 0.25% | +12,000 | New |
| KLP Kapitalforvaltning AS | 12,500 | $659.0K | 0.00% | +12,500 | New |
| Jones Financial Companies LLLP | 12,567 | $665.0K | 0.00% | +12,567 | New |
| Natixis Advisors, L.P. | 12,976 | $684.0K | 0.00% | +12,976 | New |
| Verdad Advisers, LP | 13,301 | $701.2K | 0.79% | +13,301 | New |
| Brinker Capital Investments, LLC | 14,451 | $761.9K | 0.01% | +14,451 | New |
| Vanguard Investments Australia, Ltd. | 14,604 | $769.9K | 0.00% | +14,604 | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 15,146 | $798.5K | 0.00% | +15,146 | New |
| Arizona State Retirement System | 15,624 | $823.7K | 0.00% | +15,624 | New |
| Assetmark, Inc | 16,157 | $851.8K | 0.00% | +16,157 | New |
| Gotham Asset Management, LLC | 16,497 | $869.7K | 0.00% | +5,021+43.8% | Added |
| STRS Ohio | 16,700 | $880.4K | 0.00% | −5,100−23.4% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 17,300 | $912.1K | 0.00% | +17,300 | New |
| China Universal Asset Management Co., Ltd. | 18,869 | $994.8K | 0.08% | +3,991+26.8% | Added |
| State of New Jersey Common Pension Fund D | 19,440 | $1.02M | 0.00% | +19,440 | New |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 20,000 | $1.05M | 0.01% | +20,000 | New |
| LPL Financial LLC | 20,298 | $1.07M | 0.00% | +3,689+22.2% | Added |
| State Board of Administration of Florida Retirement System | 20,516 | $1.08M | 0.00% | +3,806+22.8% | Added |
| E. Ohman J:or Asset Management AB | 22,152 | $1.17M | 0.03% | +950+4.5% | Added |
| Canada Pension Plan Investment Board | 22,600 | $1.19M | 0.00% | −122,200−84.4% | Reduced |
| JustInvest LLC | 22,676 | $1.20M | 0.01% | +4,121+22.2% | Added |
| SG Americas Securities, LLC | 22,774 | $1.20M | 0.00% | −21,083−48.1% | Reduced |
| Clear Street Markets LLC | 23,000 | $1.21M | 0.59% | +23,000 | New |
| Intech Investment Management LLC | 24,191 | $1.28M | 0.01% | −8,730−26.5% | Reduced |
| Nicholas Investment Partners, LP | 25,147 | $1.33M | 0.10% | −140,634−84.8% | Reduced |
| ProShare Advisors LLC | 25,571 | $1.35M | 0.00% | +5,917+30.1% | Added |
| Police & Firemen's Retirement System of New Jersey | 25,918 | $1.37M | 0.01% | +2,674+11.5% | Added |
| Cinctive Capital Management LP | 26,184 | $1.38M | 0.09% | −43,975−62.7% | Reduced |
| FORA Capital, LLC | 27,120 | $1.43M | 0.10% | −6,608−19.6% | Reduced |
| Kintayl Capital LP | 28,500 | $1.50M | 0.92% | +28,500 | New |
| Fortress Investment Group LLC | 30,000 | $1.58M | 0.40% | +30,000 | New |
| Allianz Asset Management GmbH | 31,900 | $1.68M | 0.00% | +13,400+72.4% | Added |
| Vanguard Global Advisers, LLC | 34,597 | $1.82M | 0.00% | +34,597 | New |
| Bamco Inc | 35,000 | $1.85M | 0.01% | +35,000 | New |
| Erste Asset Management GmbH | 37,000 | $1.96M | 0.02% | 00.0% | Unchanged |
| Vanguard Asset Management, Ltd | 37,267 | $1.96M | 0.00% | +37,267 | New |
| Jain Global LLC | 37,366 | $1.97M | 0.03% | −57,758−60.7% | Reduced |
| Oxford Asset Management LLP | 39,090 | $2.06M | 0.83% | +39,090 | New |
| Burkehill Global Management, LP | 40,000 | $2.11M | 0.10% | 00.0% | Unchanged |
| MYDA Advisors LLC | 40,000 | $2.11M | 0.50% | +40,000 | New |
| Envestnet Asset Management Inc | 40,998 | $2.16M | 0.00% | +33,381+438.2% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 44,956 | $2.37M | 0.00% | +5,170+13.0% | Added |
| Persistent Asset Partners Ltd | 45,953 | $2.42M | 0.94% | −67,602−59.5% | Reduced |
| Legal & General Group Plc | 46,691 | $2.46M | 0.00% | +28,633+158.6% | Added |
| Manufacturers Life Insurance Company, The | 46,784 | $2.47M | 0.00% | −32,991−41.4% | Reduced |
| DLD Asset Management, LP | 47,025 | $2.48M | 0.25% | +42,025+840.5% | Added |
| Quantbot Technologies LP | 47,043 | $2.48M | 0.10% | +47,043 | New |
| Fred Alger Management, LLC | 47,151 | $2.49M | 0.01% | −42,721−47.5% | Reduced |
| Gardner Lewis Asset Management L P | 50,000 | $2.64M | 0.57% | +50,000 | New |
| Nomura Holdings Inc | 50,000 | $2.64M | 0.02% | +50,000 | New |
| State of Wisconsin Investment Board | 50,946 | $2.69M | 0.01% | +25,072+96.9% | Added |
| Citigroup Inc | 51,551 | $2.72M | 0.00% | −17,917−25.8% | Reduced |
| Creative Planning | 51,763 | $2.73M | 0.00% | +21,835+73.0% | Added |
| Harvest Investment Services, LLC | 51,887 | $2.74M | 0.50% | +18,601+55.9% | Added |
| MetLife Investment Management | 52,215 | $2.75M | 0.01% | +4,277+8.9% | Added |
| Carmignac Gestion | 53,541 | $2.82M | 0.04% | +53,541 | New |
| Two Sigma Investments, LP | 54,366 | $2.87M | 0.00% | +10,500+23.9% | Added |
| Prelude Capital Management, LLC | 54,825 | $2.89M | 0.22% | +54,825 | New |
| SEI Investments Co | 56,061 | $2.96M | 0.00% | +8,946+19.0% | Added |
| FNY Investment Advisers, LLC | 56,720 | $2.99M | 1.33% | +54,720+2,736.0% | Added |
| Lighthouse Investment Partners, LLC | 63,000 | $3.32M | 0.12% | +33,000+110.0% | Added |
| Victory Capital Management Inc | 63,471 | $3.35M | 0.00% | +54,707+624.2% | Added |
| Abc Arbitrage SA | 64,303 | $3.39M | 0.45% | +64,303 | New |
| BNP Paribas Arbitrage, SA | 67,695 | $3.57M | 0.00% | +47,342+232.6% | Added |
| California State Teachers Retirement System | 70,219 | $3.70M | 0.00% | +64,939+1,229.9% | Added |
| Virtu Financial LLC | 70,715 | $3.73M | 0.15% | +70,715 | New |
| Royal Bank of Canada | 78,912 | $4.16M | 0.00% | +75,842+2,470.4% | Added |
| Wells Fargo & Company | 79,557 | $4.19M | 0.00% | −16,751−17.4% | Reduced |
| ExodusPoint Capital Management, LP | 80,245 | $4.23M | 0.04% | −295,428−78.6% | Reduced |
| J. Goldman & Co LP | 80,725 | $4.26M | 0.20% | −122,467−60.3% | Reduced |
| Sand Grove Capital Management LLP | 82,000 | $4.32M | 1.01% | +82,000 | New |
| Brevan Howard Capital Management LP | 88,596 | $4.67M | 0.05% | +17,183+24.1% | Added |
| TD Asset Management Inc | 89,594 | $4.72M | 0.00% | +10,970+14.0% | Added |
| Credit Industriel Et Commercial | 90,236 | $4.76M | 0.76% | +90,236 | New |
| UBS Asset Management Americas Inc | 94,646 | $4.99M | 0.00% | +94,028+15,214.9% | Added |
| Caxton Associates LLP | 94,724 | $4.99M | 0.12% | +94,724 | New |
| Prudential Financial Inc | 96,740 | $5.10M | 0.01% | +62,440+182.0% | Added |
| Chicago Capital Management, LLC | 129,225 | $5.14M | 4.26% | +129,225 | New |
| EAM Investors, LLC | 98,860 | $5.21M | 0.60% | −10,126−9.3% | Reduced |
| Alyeska Investment Group, L.P. | 100,000 | $5.27M | 0.01% | 00.0% | Unchanged |
| Vestcor Inc | 100,000 | $5.27M | 0.15% | +100,000 | New |
| Picton Mahoney Asset Management | 100,000 | $5.27M | 0.05% | +100,000 | New |
| Equitec Proprietary Markets, LLC | 100,500 | $5.30M | 12.24% | +100,500 | New |
| Centiva Capital, LP | 101,225 | $5.34M | 0.25% | +101,225 | New |
| Artia Global Partners LP | 104,800 | $5.53M | 1.25% | +104,800 | New |
| Platinum Investment Management Ltd | 110,734 | $5.84M | 1.47% | 00.0% | Unchanged |
| Swiss National Bank | 112,500 | $5.93M | 0.00% | +112,500 | New |
| Rock Springs Capital Management LP | 113,748 | $6.00M | 0.35% | +5,267+4.9% | Added |
| HighVista Strategies LLC | 114,307 | $6.03M | 1.66% | −61,155−34.9% | Reduced |
| Twin Securities, Inc. | 115,958 | $6.11M | 3.02% | +115,958 | New |
| Ameriprise Financial Inc | 118,246 | $6.23M | 0.00% | −1,776,135−93.8% | Reduced |
| Groupe la Francaise | 118,449 | $6.24M | 0.09% | +118,449 | New |