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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.

13F holders, Q2 2023

Institutional positions in Tourmaline Bio, Inc. as of Jun 30, 2023. 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

Institutional holders
58
+4 vs. Q1 2023
Shares held
26.2M
−716.8K (−2.7%) vs. Q1 2023
Total value
$79.7M
+$29.1M (+57.4%) vs. Q1 2023
New holders
20
11 more added
Sold out
16
20 more reduced

Compare with Q1 2023: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting TRML 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.

Institutional holdersQ2 2023: 58 institutions
Q1 2021: 0 institutionsQ2 2021: 50 institutionsQ3 2021: 48 institutionsQ4 2021: 51 institutionsQ1 2022: 51 institutionsQ2 2022: 59 institutionsQ3 2022: 56 institutionsQ4 2022: 54 institutionsQ1 2023: 54 institutionsQ2 2023: 58 institutionsQ3 2023: 49 institutionsQ4 2023: 54 institutionsQ1 2024: 96 institutionsQ2 2024: 84 institutionsQ3 2024: 92 institutionsQ4 2024: 101 institutionsQ1 2025: 107 institutionsQ2 2025: 109 institutionsQ3 2025: 134 institutionsQ4 2025: 0 institutionsQ1 2026: 0 institutionsQ2 2026: 0 institutions
Value heldQ2 2023: $79.7M
Q1 2021: $0Q2 2021: $379.4MQ3 2021: $349.4MQ4 2021: $456.7MQ1 2022: $286.9MQ2 2022: $130.4MQ3 2022: $72.1MQ4 2022: $27.4MQ1 2023: $50.6MQ2 2023: $79.7MQ3 2023: $77.1MQ4 2023: $338.2MQ1 2024: $469.9MQ2 2024: $272.0MQ3 2024: $540.7MQ4 2024: $463.6MQ1 2025: $364.3MQ2 2025: $384.8MQ3 2025: $1.03BQ4 2025: $0Q1 2026: $0Q2 2026: $0
Institutions holding TRML and their total value by quarter
QuarterHoldersValue
Q2 20260$0
Q1 20260$0
Q4 20250$0
Q3 2025134$1.03B
Q2 2025109$384.8M
Q1 2025107$364.3M
Q4 2024101$463.6M
Q3 202492$540.7M
Q2 202484$272.0M
Q1 202496$469.9M
Q4 202354$338.2M
Q3 202349$77.1M
Q2 202358$79.7M
Q1 202354$50.6M
Q4 202254$27.4M
Q3 202256$72.1M
Q2 202259$130.4M
Q1 202251$286.9M
Q4 202151$456.7M
Q3 202148$349.4M
Q2 202150$379.4M
Q1 20210$0

Institutions, Q2 2023

Shares, value and share of portfolio for each institution holding Tourmaline Bio, Inc.; share changes are against Q1 2023.

Institutions holding TRML in Q2 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Blackstone Group Inc.8,089,315$24.6M0.11%00.0%Unchanged
Qiming U.S. Ventures Management, LLC2,932,606$8.92M9.37%00.0%Unchanged
Ra Capital Management, L.P.2,333,175$7.09M0.13%+2,333,175New
BML Capital Management, LLC2,000,000$6.08M5.47%+70,516+3.7%Added
Nantahala Capital Management, LLC1,450,034$4.41M0.54%+1,450,034New
Vanguard Group Inc1,037,871$3.16M0.00%−87,076−7.7%Reduced
Artal Group S.A.914,262$2.78M0.09%00.0%Unchanged
Balyasny Asset Management LLC904,774$2.75M0.01%+904,774New
Great Point Partners LLC666,033$2.02M0.41%+666,033New
QVT Financial LP589,314$1.79M0.11%+589,314New
Avoro Capital Advisors LLC500,000$1.52M0.02%+500,000New
Acuitas Investments, LLC491,141$1.49M0.87%+491,141New
JPMorgan Chase & Co453,026$1.38M0.00%+434,685+2,370.0%Added
HighTower Advisors, LLC448,359$1.36M0.00%+448,359New
Renaissance Technologies LLC440,800$1.34M0.00%+385,400+695.7%Added
Millennium Management LLC322,084$979.1K0.00%+322,084New
Walleye Capital LLC304,599$926.0K0.02%+304,599New
Scoggin Management LP289,608$880.4K1.58%+289,608New
Two Sigma Investments, LP226,415$688.3K0.00%+198,851+721.4%Added
Citadel Advisors LLC213,754$649.8K0.00%−831,372−79.5%Reduced
Geode Capital Management, LLC208,102$632.6K0.00%−200,008−49.0%Reduced
Affinity Asset Advisors, LLC200,000$608.0K0.24%+200,000New
Bridgeway Capital Management, LLC149,300$453.9K0.01%+21,400+16.7%Added
BlackRock Inc.130,389$396.4K0.00%−1,034,478−88.8%Reduced
Marquette Asset Management, LLC101,375$308.2K0.08%00.0%Unchanged
Jane Street Group, LLC91,391$277.8K0.00%+79,723+683.3%Added
Dimensional Fund Advisors LP88,472$269.0K0.00%+88,472New
Two Sigma Advisers, LP87,500$266.0K0.00%+62,000+243.1%Added
State Street Corp65,448$199.0K0.00%−289,281−81.5%Reduced
Corsair Capital Management, L.P.55,000$167.2K0.06%+55,000New
Morgan Stanley48,395$147.1K0.00%−226,240−82.4%Reduced
Qube Research & Technologies Ltd34,270$104.2K0.00%+34,270New
Y-Intercept (Hong Kong) Ltd32,062$97.5K0.01%+32,062New
Susquehanna International Group, LLP32,054$97.4K0.00%+17,657+122.6%Added
Values First Advisors, Inc.32,009$97.3K0.06%−20,887−39.5%Reduced
Occudo Quantitative Strategies LP28,902$87.9K0.01%+28,902New
Northern Trust Corp25,010$76.0K0.00%−138,352−84.7%Reduced
Bank of New York Mellon Corp20,689$62.9K0.00%−37,870−64.7%Reduced
XTX Topco Ltd19,884$60.4K0.01%+19,884New
Goldman Sachs Group Inc19,199$58.4K0.00%−1,756−8.4%Reduced
Bank of America Corp16,957$51.5K0.00%−9,400−35.7%Reduced
Prelude Capital Management, LLC15,727$47.8K0.00%+15,727New
Bailard, Inc.14,773$44.9K0.00%00.0%Unchanged
Two Sigma Securities, LLC14,649$44.5K0.00%+14,649New
Charles Schwab Investment Management Inc13,707$41.7K0.00%−36,782−72.9%Reduced
Bank of Montreal12,698$40.5K0.00%−3,265−20.5%Reduced
Commonwealth Equity Services, LLC13,000$40.0K0.00%00.0%Unchanged
Acadian Asset Management LLC11,215$34.0K0.00%−227,298−95.3%Reduced
Barclays PLC7,049$21.4K0.00%−11,711−62.4%Reduced
FMR LLC5,602$17.0K0.00%+63+1.1%Added
Rhumbline Advisers3,499$10.6K0.00%−30,923−89.8%Reduced
Royal Bank of Canada3,440$10.0K0.00%+2,151+166.9%Added
Federated Hermes, Inc.2,684$8.16K0.00%+74+2.8%Added
The PNC Financial Services Group, Inc.1,925$5.85K0.00%−93−4.6%Reduced
New York State Common Retirement Fund200$6080.00%−14,600−98.6%Reduced
Wells Fargo & Company155$4710.00%−3,934−96.2%Reduced
Citigroup Inc88$2680.00%−849,873−100.0%Reduced
Nisa Investment Advisors, LLC72$2190.00%00.0%Unchanged
Viking Global Investors LPSuperinvestorViking Global Investors0$00.00%−3,289,617−100.0%Sold out
Eventide Asset Management, LLC0$00.00%−1,561,092−100.0%Sold out
Cormorant Asset Management, LP0$00.00%−900,649−100.0%Sold out
Western Standard LLC0$00.00%−586,481−100.0%Sold out
Laurion Capital Management LP0$00.00%−298,422−100.0%Sold out
Deutsche Bank AG0$00.00%−14,154−100.0%Sold out
Prospera Financial Services Inc0$00.00%−13,973−100.0%Sold out
Alliancebernstein L.P.0$00.00%−13,600−100.0%Sold out
American International Group, Inc.0$00.00%−11,132−100.0%Sold out
California State Teachers Retirement System0$00.00%−8,575−100.0%Sold out
Tower Research Capital LLC (TRC)0$00.00%−8,666−100.0%Sold out
UBS Group AG0$00.00%−7,780−100.0%Sold out
Amalgamated Bank0$00.00%−2,311−100.0%Sold out
Legal & General Group Plc0$00.00%−1,991−100.0%Sold out
Ameritas Investment Partners, Inc.0$00.00%−1,647−100.0%Sold out
STRS Ohio0$00.00%−2,100−100.0%Sold out