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 |
|---|---|---|---|---|---|
| D. E. Shaw & Co., Inc. | 201,191 | $10.6M | 0.01% | −952,838−82.6% | Reduced |
| Water Island Capital LLC | 188,500 | $9.94M | 1.32% | +188,500 | New |
| Diadema Partners LP | 181,752 | $9.58M | 3.96% | −164,128−47.5% | Reduced |
| AQR Capital Management LLC | 176,773 | $9.32M | 0.00% | +130,449+281.6% | Added |
| PFM Health Sciences, LP | 172,962 | $9.12M | 0.96% | +172,962 | New |
| CNH Partners LLC | 171,555 | $9.04M | 0.15% | +171,555 | New |
| Renaissance Technologies LLC | 169,034 | $8.91M | 0.01% | −297,813−63.8% | Reduced |
| Schonfeld Strategic Advisors LLC | 165,725 | $8.74M | 0.07% | −588,512−78.0% | Reduced |
| Voya Investment Management LLC | 165,562 | $8.73M | 0.01% | +43,167+35.3% | Added |
| Arnhold LLC | 162,444 | $8.56M | 0.63% | +162,444 | New |
| New York State Common Retirement Fund | 160,597 | $8.47M | 0.01% | +95,294+145.9% | Added |
| CIBRA Capital Ltd | 151,440 | $7.98M | 3.85% | +151,440 | New |
| Meteora Capital, LLC | 150,000 | $7.91M | 0.58% | +150,000 | New |
| Deutsche Bank AG | 149,327 | $7.87M | 0.00% | −252,119−62.8% | Reduced |
| Alpine Associates Management Inc. | 142,250 | $7.50M | 0.44% | +142,250 | New |
| Rhumbline Advisers | 123,334 | $6.50M | 0.01% | +17,093+16.1% | Added |
| Capula Management Ltd | 120,976 | $6.38M | 0.06% | +120,976 | New |
| Groupe la Francaise | 118,449 | $6.24M | 0.09% | +118,449 | New |
| Ameriprise Financial Inc | 118,246 | $6.23M | 0.00% | −1,776,135−93.8% | Reduced |
| Twin Securities, Inc. | 115,958 | $6.11M | 3.02% | +115,958 | New |
| HighVista Strategies LLC | 114,307 | $6.03M | 1.66% | −61,155−34.9% | Reduced |
| Rock Springs Capital Management LP | 113,748 | $6.00M | 0.35% | +5,267+4.9% | Added |
| Swiss National Bank | 112,500 | $5.93M | 0.00% | +112,500 | New |
| Platinum Investment Management Ltd | 110,734 | $5.84M | 1.47% | 00.0% | Unchanged |
| Artia Global Partners LP | 104,800 | $5.53M | 1.25% | +104,800 | New |
| Centiva Capital, LP | 101,225 | $5.34M | 0.25% | +101,225 | New |
| Equitec Proprietary Markets, LLC | 100,500 | $5.30M | 12.24% | +100,500 | New |
| 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 |
| EAM Investors, LLC | 98,860 | $5.21M | 0.60% | −10,126−9.3% | Reduced |
| Chicago Capital Management, LLC | 129,225 | $5.14M | 4.26% | +129,225 | New |
| Prudential Financial Inc | 96,740 | $5.10M | 0.01% | +62,440+182.0% | Added |
| Caxton Associates LLP | 94,724 | $4.99M | 0.12% | +94,724 | New |
| UBS Asset Management Americas Inc | 94,646 | $4.99M | 0.00% | +94,028+15,214.9% | Added |
| Credit Industriel Et Commercial | 90,236 | $4.76M | 0.76% | +90,236 | New |
| TD Asset Management Inc | 89,594 | $4.72M | 0.00% | +10,970+14.0% | Added |
| Brevan Howard Capital Management LP | 88,596 | $4.67M | 0.05% | +17,183+24.1% | Added |
| Sand Grove Capital Management LLP | 82,000 | $4.32M | 1.01% | +82,000 | New |
| J. Goldman & Co LP | 80,725 | $4.26M | 0.20% | −122,467−60.3% | Reduced |
| ExodusPoint Capital Management, LP | 80,245 | $4.23M | 0.04% | −295,428−78.6% | Reduced |
| Wells Fargo & Company | 79,557 | $4.19M | 0.00% | −16,751−17.4% | Reduced |
| Royal Bank of Canada | 78,912 | $4.16M | 0.00% | +75,842+2,470.4% | Added |
| Virtu Financial LLC | 70,715 | $3.73M | 0.15% | +70,715 | New |
| California State Teachers Retirement System | 70,219 | $3.70M | 0.00% | +64,939+1,229.9% | Added |
| BNP Paribas Arbitrage, SA | 67,695 | $3.57M | 0.00% | +47,342+232.6% | Added |
| Abc Arbitrage SA | 64,303 | $3.39M | 0.45% | +64,303 | New |
| Victory Capital Management Inc | 63,471 | $3.35M | 0.00% | +54,707+624.2% | Added |
| Lighthouse Investment Partners, LLC | 63,000 | $3.32M | 0.12% | +33,000+110.0% | Added |
| FNY Investment Advisers, LLC | 56,720 | $2.99M | 1.33% | +54,720+2,736.0% | Added |
| SEI Investments Co | 56,061 | $2.96M | 0.00% | +8,946+19.0% | Added |
| Prelude Capital Management, LLC | 54,825 | $2.89M | 0.22% | +54,825 | New |
| Two Sigma Investments, LP | 54,366 | $2.87M | 0.00% | +10,500+23.9% | Added |
| Carmignac Gestion | 53,541 | $2.82M | 0.04% | +53,541 | New |
| MetLife Investment Management | 52,215 | $2.75M | 0.01% | +4,277+8.9% | Added |
| Harvest Investment Services, LLC | 51,887 | $2.74M | 0.50% | +18,601+55.9% | Added |
| Creative Planning | 51,763 | $2.73M | 0.00% | +21,835+73.0% | Added |
| Citigroup Inc | 51,551 | $2.72M | 0.00% | −17,917−25.8% | Reduced |
| State of Wisconsin Investment Board | 50,946 | $2.69M | 0.01% | +25,072+96.9% | Added |
| 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 |
| Fred Alger Management, LLC | 47,151 | $2.49M | 0.01% | −42,721−47.5% | Reduced |
| Quantbot Technologies LP | 47,043 | $2.48M | 0.10% | +47,043 | New |
| DLD Asset Management, LP | 47,025 | $2.48M | 0.25% | +42,025+840.5% | Added |
| Manufacturers Life Insurance Company, The | 46,784 | $2.47M | 0.00% | −32,991−41.4% | Reduced |
| Legal & General Group Plc | 46,691 | $2.46M | 0.00% | +28,633+158.6% | Added |
| Persistent Asset Partners Ltd | 45,953 | $2.42M | 0.94% | −67,602−59.5% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 44,956 | $2.37M | 0.00% | +5,170+13.0% | Added |
| Envestnet Asset Management Inc | 40,998 | $2.16M | 0.00% | +33,381+438.2% | Added |
| 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 |
| Oxford Asset Management LLP | 39,090 | $2.06M | 0.83% | +39,090 | New |
| Jain Global LLC | 37,366 | $1.97M | 0.03% | −57,758−60.7% | Reduced |
| Vanguard Asset Management, Ltd | 37,267 | $1.96M | 0.00% | +37,267 | New |
| Erste Asset Management GmbH | 37,000 | $1.96M | 0.02% | 00.0% | Unchanged |
| Bamco Inc | 35,000 | $1.85M | 0.01% | +35,000 | New |
| Vanguard Global Advisers, LLC | 34,597 | $1.82M | 0.00% | +34,597 | New |
| Allianz Asset Management GmbH | 31,900 | $1.68M | 0.00% | +13,400+72.4% | Added |
| Fortress Investment Group LLC | 30,000 | $1.58M | 0.40% | +30,000 | New |
| Kintayl Capital LP | 28,500 | $1.50M | 0.92% | +28,500 | New |
| FORA Capital, LLC | 27,120 | $1.43M | 0.10% | −6,608−19.6% | Reduced |
| Cinctive Capital Management LP | 26,184 | $1.38M | 0.09% | −43,975−62.7% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 25,918 | $1.37M | 0.01% | +2,674+11.5% | Added |
| ProShare Advisors LLC | 25,571 | $1.35M | 0.00% | +5,917+30.1% | Added |
| Nicholas Investment Partners, LP | 25,147 | $1.33M | 0.10% | −140,634−84.8% | Reduced |
| Intech Investment Management LLC | 24,191 | $1.28M | 0.01% | −8,730−26.5% | Reduced |
| Clear Street Markets LLC | 23,000 | $1.21M | 0.59% | +23,000 | New |
| SG Americas Securities, LLC | 22,774 | $1.20M | 0.00% | −21,083−48.1% | Reduced |
| JustInvest LLC | 22,676 | $1.20M | 0.01% | +4,121+22.2% | Added |
| Canada Pension Plan Investment Board | 22,600 | $1.19M | 0.00% | −122,200−84.4% | Reduced |
| E. Ohman J:or Asset Management AB | 22,152 | $1.17M | 0.03% | +950+4.5% | Added |
| State Board of Administration of Florida Retirement System | 20,516 | $1.08M | 0.00% | +3,806+22.8% | Added |
| LPL Financial LLC | 20,298 | $1.07M | 0.00% | +3,689+22.2% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 20,000 | $1.05M | 0.01% | +20,000 | New |
| State of New Jersey Common Pension Fund D | 19,440 | $1.02M | 0.00% | +19,440 | New |
| China Universal Asset Management Co., Ltd. | 18,869 | $994.8K | 0.08% | +3,991+26.8% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 17,300 | $912.1K | 0.00% | +17,300 | New |
| STRS Ohio | 16,700 | $880.4K | 0.00% | −5,100−23.4% | Reduced |
| Gotham Asset Management, LLC | 16,497 | $869.7K | 0.00% | +5,021+43.8% | Added |
| Assetmark, Inc | 16,157 | $851.8K | 0.00% | +16,157 | New |