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Tourmaline Bio, Inc.

TRMLDelisted Oct 28, 2025
Industry
Biological Products, (No Diagnostic Substances)
SEC CIK
0001827506

Tourmaline Bio, Inc. was delisted on Oct 28, 2025; its insiders filed their last Form 4 on Oct 28, 2025; 134 institutions reported holding it in 13F filings for Q3 2025, worth $1.03B in total; no superinvestor held it.

Q3 2022 vs. Q2 2022

How the institutions holding Tourmaline Bio, Inc. changed between Q2 2022 and Q3 2022.

All holders in Q3 2022All holders in Q2 2022

13F holders of TRML: Q2 2022 compared with Q3 2022
MeasureQ2 2022Of which not filed for Q3 2022Q3 2022Change
Holders59156−2
Shares28.9M59.5K27.3M−1.53M (−5.3%)
Value$130.4M$268.0K$72.1M−$58.0M (−44.6%)

1 institution that held it in Q2 2022 haven't filed for Q3 2022 yet. Not filing isn't selling, so the changes leave them out.

New holders (11)

Institutions that held Tourmaline Bio, Inc. at the end of Q3 2022 but not at the end of Q2 2022.

Institutions new to TRML in Q3 2022
InstitutionSharesValue% of portfolio
Caas Capital Management LP297,707$783.0K0.10%
Millennium Management LLC53,228$140.0K0.00%
Acadian Asset Management LLC40,648$106.0K0.00%
Two Sigma Investments, LP35,178$93.0K0.00%
Mirae Asset Global Investments Co., Ltd.29,668$78.0K0.00%
BNP Paribas Arbitrage, SA24,483$64.4K0.00%
Commonwealth Equity Services, LLC13,000$34.0K0.00%
Prospera Financial Services Inc12,952$34.0K0.00%
Bridgeway Capital Management, LLC11,500$30.0K0.00%
SG Americas Securities, LLC10,403$27.0K0.00%
China Universal Asset Management Co., Ltd.391$1.00K0.00%

Sold out (13)

Institutions that held Tourmaline Bio, Inc. at the end of Q2 2022 and filed for Q3 2022 without it.

Institutions that sold out of TRML in Q3 2022
InstitutionShares, Q2 2022Value, Q2 2022
HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse)266,154$1.20M
OrbiMed Advisors LLC235,995$1.06M
Sectoral Asset Management Inc228,624$1.03M
Woodline Partners LP206,056$929.0K
Nuveen Asset Management, LLC61,523$277.0K
Ensign Peak Advisors, Inc42,833$193.0K
Tudor Investment Corp Et Al42,491$192.0K
MetLife Investment Management13,923$62.8K
Virtu Financial LLC12,399$56.0K
BIT Capital GmbH7,467$55.5K
Manufacturers Life Insurance Company, The10,122$45.6K
Metropolitan Life Insurance Co1,616$7.29K
UBS Group AG825$4.00K

Not filed for Q3 2022 yet (1)

Institutions that held Tourmaline Bio, Inc. at the end of Q2 2022 and haven't filed a 13F for Q3 2022. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding TRML in Q2 2022 that haven't filed for Q3 2022
InstitutionShares, Q2 2022Value, Q2 2022
Altium Wealth Management LLC59,520$268.0K