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 |
|---|---|---|---|---|---|
| State Street Corp | 2,139,662 | $112.8M | 0.00% | +363,740+20.5% | Added |
| Nearwater Capital Markets, Ltd | 2,150,400 | $113.4M | 2.67% | +445,600+26.1% | Added |
| Paradigm Biocapital Advisors LP | 2,216,499 | $116.9M | 2.39% | +1,406,213+173.5% | Added |
| Glazer Capital, LLC | 2,295,498 | $121.0M | 2.57% | +2,295,498 | New |
| Geode Capital Management, LLC | 2,316,544 | $122.2M | 0.01% | +219,902+10.5% | Added |
| Franklin Resources Inc | 2,409,019 | $127.0M | 0.03% | −322,293−11.8% | Reduced |
| Balyasny Asset Management LLC | 2,779,445 | $146.5M | 0.29% | +1,887,542+211.6% | Added |
| Lord, Abbett & Co. LLC | 2,812,938 | $148.3M | 0.48% | +100,539+3.7% | Added |
| JPMorgan Chase & Co | 2,869,728 | $151.8M | 0.01% | +1,096,702+61.9% | Added |
| HBK Investments L P | 2,950,000 | $155.5M | 1.96% | +2,950,000 | New |
| Millennium Management LLC | 3,011,558 | $158.8M | 0.12% | +2,024,252+205.0% | Added |
| Citadel Advisors LLC | 3,218,810 | $169.7M | 0.12% | +52,168+1.6% | Added |
| Holocene Advisors, LP | 4,115,828 | $217.0M | 0.53% | +1,340,335+48.3% | Added |
| Vanguard Capital Management LLC | 4,355,482 | $229.6M | 0.01% | +4,355,482 | New |
| Avoro Capital Advisors LLC | 5,695,000 | $300.2M | 2.96% | +1,345,000+30.9% | Added |
| Morgan Stanley | 6,449,140 | $340.0M | 0.02% | −1,496,468−18.8% | Reduced |
| BlackRock, Inc. | 9,569,585 | $504.5M | 0.01% | +1,375,367+16.8% | Added |
| OrbiMed Advisors LLC | 0 | $0 | 0.00% | −2,153,300−100.0% | Sold out |
| Commodore Capital LP | 0 | $0 | 0.00% | −1,475,000−100.0% | Sold out |
| Woodline Partners LP | 0 | $0 | 0.00% | −1,377,283−100.0% | Sold out |
| Baker Bros. Advisors LP | 0 | $0 | 0.00% | −950,000−100.0% | Sold out |
| Parkman Healthcare Partners LLC | 0 | $0 | 0.00% | −620,877−100.0% | Sold out |
| Braidwell LP | 0 | $0 | 0.00% | −575,321−100.0% | Sold out |
| Point72 Asset Management, L.P. | 0 | $0 | 0.00% | −573,700−100.0% | Sold out |
| Superstring Capital Management LP | 0 | $0 | 0.00% | −443,777−100.0% | Sold out |
| StemPoint Capital LP | 0 | $0 | 0.00% | −429,198−100.0% | Sold out |
| Integral Health Asset Management, LLC | 0 | $0 | 0.00% | −425,000−100.0% | Sold out |
| Evergreen Quality Fund GP, Ltd. | 0 | $0 | 0.00% | −360,200−100.0% | Sold out |
| Patient Square Capital LP | 0 | $0 | 0.00% | −320,000−100.0% | Sold out |
| Trails Edge Capital Partners, LP | 0 | $0 | 0.00% | −300,000−100.0% | Sold out |
| Soleus Capital Management, L.P. | 0 | $0 | 0.00% | −212,710−100.0% | Sold out |
| American Century Companies Inc | 0 | $0 | 0.00% | −192,751−100.0% | Sold out |
| Squadron Capital Management LLC | 0 | $0 | 0.00% | −190,000−100.0% | Sold out |
| Armistice Capital, LLC | 0 | $0 | 0.00% | −172,479−100.0% | Sold out |
| Capricorn Fund Managers Ltd | 0 | $0 | 0.00% | −151,436−100.0% | Sold out |
| Trexquant Investment LP | 0 | $0 | 0.00% | −150,049−100.0% | Sold out |
| Seven Fleet Capital Management LP | 0 | $0 | 0.00% | −130,413−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −124,709−100.0% | Sold out |
| Schroder Investment Management Group | 0 | $0 | 0.00% | −99,360−100.0% | Sold out |
| Group One Trading, L.P. | 0 | $0 | 0.00% | −70,844−100.0% | Sold out |
| Velan Capital Investment Management LP | 0 | $0 | 0.00% | −70,000−100.0% | Sold out |
| Quadrature Capital Ltd | 0 | $0 | 0.00% | −67,266−100.0% | Sold out |
| Aquatic Capital Management LLC | 0 | $0 | 0.00% | −48,000−100.0% | Sold out |
| Y-Intercept (Hong Kong) Ltd | 0 | $0 | 0.00% | −41,893−100.0% | Sold out |
| Polymer Capital Management (HK) LTD | 0 | $0 | 0.00% | −33,070−100.0% | Sold out |
| Raymond James Financial Inc | 0 | $0 | 0.00% | −32,226−100.0% | Sold out |
| Walleye Capital LLC | 0 | $0 | 0.00% | −28,057−100.0% | Sold out |
| Legato Capital Management LLC | 0 | $0 | 0.00% | −23,961−100.0% | Sold out |
| Seven Grand Managers, LLC | 0 | $0 | 0.00% | −20,000−100.0% | Sold out |
| XTX Topco Ltd | 0 | $0 | 0.00% | −17,032−100.0% | Sold out |
| PSP Research LLC | 0 | $0 | 0.00% | −13,560−100.0% | Sold out |
| Gsa Capital Partners LLP | 0 | $0 | 0.00% | −13,268−100.0% | Sold out |
| Entropy Technologies, LP | 0 | $0 | 0.00% | −11,620−100.0% | Sold out |
| Graham Capital Management, L.P. | 0 | $0 | 0.00% | −10,958−100.0% | Sold out |
| NEOS Investment Management LLC | 0 | $0 | 0.00% | −10,394−100.0% | Sold out |
| Tema ETFs LLC | 0 | $0 | 0.00% | −10,244−100.0% | Sold out |
| GWM Advisors LLC | 0 | $0 | 0.00% | −9,173−100.0% | Sold out |
| Fox Run Management, L.L.C. | 0 | $0 | 0.00% | −8,891−100.0% | Sold out |
| Commonwealth Equity Services, LLC | 0 | $0 | 0.00% | −5,984−100.0% | Sold out |
| Arrowpoint Investment Partners (Singapore) Pte. Ltd. | 0 | $0 | 0.00% | −5,931−100.0% | Sold out |
| Scientech Research LLC | 0 | $0 | 0.00% | −5,901−100.0% | Sold out |
| Winton Group Ltd | 0 | $0 | 0.00% | −5,600−100.0% | Sold out |
| Mackenzie Financial Corp | 0 | $0 | 0.00% | −5,295−100.0% | Sold out |
| Rafferty Asset Management, LLC | 0 | $0 | 0.00% | −5,241−100.0% | Sold out |
| EntryPoint Capital, LLC | 0 | $0 | 0.00% | −5,096−100.0% | Sold out |
| Amalgamated Bank | 0 | $0 | 0.00% | −2,694−100.0% | Sold out |
| Quest Partners LLC | 0 | $0 | 0.00% | −1,008−100.0% | Sold out |
| Country Trust Bank | 0 | $0 | 0.00% | −1,000−100.0% | Sold out |
| SRS Capital Advisors, Inc. | 0 | $0 | 0.00% | −290−100.0% | Sold out |
| Daiwa Securities Group Inc. | 0 | $0 | 0.00% | −260−100.0% | Sold out |
| Leonteq Securities AG | 0 | $0 | 0.00% | −100−100.0% | Sold out |
| Bellevue Asset Management, LLC | 0 | $0 | 0.00% | −43−100.0% | Sold out |
| Vanguard Group Inc | – | – | – | – | Not filed |
| Capitolis Liquid Global Markets LLC | – | – | – | – | Not filed |
| Norges Bank | – | – | – | – | Not filed |
| CIBC World Markets Corp | – | – | – | – | Not filed |
| CIBC Private Wealth Group, LLC | – | – | – | – | Not filed |
| Comerica Bank | – | – | – | – | Not filed |
| Global Retirement Partners, LLC | – | – | – | – | Not filed |