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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, Q4 2024

Institutional positions in Tourmaline Bio, Inc. as of Dec 31, 2024. 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
101
+9 vs. Q3 2024
Shares held
22.9M
+1.83M (+8.7%) vs. Q3 2024
Total value
$463.6M
−$77.1M (−14.3%) vs. Q3 2024
New holders
22
40 more added
Sold out
13
22 more reduced

Compare with Q3 2024: 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 holdersQ4 2024: 101 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 heldQ4 2024: $463.6M
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, Q4 2024

Shares, value and share of portfolio for each institution holding Tourmaline Bio, Inc.; share changes are against Q3 2024.

Institutions holding TRML in Q4 2024
InstitutionSharesValue% of portfolioChange in sharesAction
Ra Capital Management, L.P.2,538,925$51.5M0.69%00.0%Unchanged
Avoro Capital Advisors LLC2,222,222$45.1M0.64%00.0%Unchanged
BlackRock, Inc.1,803,900$36.6M0.00%+50,553+2.9%Added
TCG Crossover Management, LLC1,477,593$30.0M2.93%00.0%Unchanged
Pfizer Inc1,272,214$25.8M1.00%+1,272,214New
Vanguard Group Inc1,106,125$22.4M0.00%+43,652+4.1%Added
Blue Owl Capital Holdings LP1,079,321$21.9M5.18%−451,080−29.5%Reduced
Jennison Associates LLC845,800$17.2M0.01%−306,173−26.6%Reduced
State Street Corp800,193$16.2M0.00%+388,213+94.2%Added
Qiming U.S. Ventures Management, LLC741,691$15.0M29.41%00.0%Unchanged
RTW Investments, LP736,681$14.9M0.23%−4,975−0.7%Reduced
QVT Financial LP711,275$14.4M1.29%00.0%Unchanged
Citadel Advisors LLC648,118$13.1M0.01%+209,126+47.6%Added
Adage Capital Partners GP, L.L.C.600,000$12.2M0.02%+600,000New
Vivo Capital, LLC591,882$12.0M1.34%00.0%Unchanged
Nantahala Capital Management, LLC536,944$10.9M0.76%−163,963−23.4%Reduced
Geode Capital Management, LLC481,609$9.77M0.00%−469−0.1%Reduced
Velan Capital Investment Management LP423,795$8.59M7.42%+92,605+28.0%Added
Pictet Asset Management Holding SA419,883$8.52M0.01%+172,743+69.9%Added
Millennium Management LLC364,658$7.40M0.01%−144,757−28.4%Reduced
Acuta Capital Partners, LLC351,842$7.14M7.18%+19,747+5.9%Added
Schonfeld Strategic Advisors LLC298,239$6.05M0.04%+100,139+50.5%Added
Northern Trust Corp204,786$4.15M0.00%+13,603+7.1%Added
Morgan Stanley204,282$4.14M0.00%−33,467−14.1%Reduced
UBS Group AG189,231$3.84M0.00%+177,385+1,497.4%Added
Nan Fung Group Holdings Ltd187,090$3.79M3.25%+40,290+27.4%Added
Woodline Partners LP161,721$3.28M0.02%+2,567+1.6%Added
StemPoint Capital LP126,400$2.56M0.64%+70,877+127.7%Added
Marshall Wace, LLP116,091$2.35M0.00%−22,103−16.0%Reduced
Alyeska Investment Group, L.P.115,053$2.33M0.01%−75,000−39.5%Reduced
Goldman Sachs Group Inc105,129$2.13M0.00%+33,130+46.0%Added
Siren, L.L.C.91,426$1.85M0.08%00.0%Unchanged
Polymer Capital Management (HK) LTD79,400$1.61M0.28%+79,400New
Nuveen Asset Management, LLC76,245$1.55M0.00%+13,504+21.5%Added
Prudential Financial Inc72,335$1.47M0.00%−5,800−7.4%Reduced
Bank of America Corp70,737$1.43M0.00%+33,028+87.6%Added
Wellington Management Group LLP68,599$1.39M0.00%+2,858+4.3%Added
Ikarian Capital, LLC67,927$1.38M0.39%−40,556−37.4%Reduced
Charles Schwab Investment Management Inc64,059$1.30M0.00%+488+0.8%Added
Bank of New York Mellon Corp61,259$1.24M0.00%−179−0.3%Reduced
Barclays PLC58,566$1.19M0.00%+26,733+84.0%Added
HighTower Advisors, LLC53,418$1.08M0.00%00.0%Unchanged
Brown Advisory Inc39,719$805.5K0.00%00.0%Unchanged
Rhumbline Advisers35,591$721.8K0.00%+718+2.1%Added
FMR LLC35,487$719.7K0.00%+20,424+135.6%Added
SG Americas Securities, LLC34,812$706.0K0.00%+1,140+3.4%Added
Citigroup Inc31,013$628.9K0.00%+13,746+79.6%Added
Rafferty Asset Management, LLC29,844$605.2K0.00%+29,844New
American Century Companies Inc23,357$473.7K0.00%+23,357New
Susquehanna Fundamental Investments, LLC23,044$467.3K0.01%+23,044New
Two Sigma Investments, LP21,441$434.8K0.00%−21,904−50.5%Reduced
Alps Advisors Inc20,735$420.5K0.00%+962+4.9%Added
Wexford Capital LP20,610$418.0K0.11%+20,610New
Swiss National Bank20,100$407.6K0.00%+20,100New
Deutsche Bank AG20,008$405.8K0.00%+7,025+54.1%Added
Boothbay Fund Management, LLC19,559$396.7K0.01%−12,074−38.2%Reduced
Jane Street Group, LLC17,887$362.7K0.00%−3,818−17.6%Reduced
State of Wisconsin Investment Board17,793$360.8K0.00%+17,793New
Legal & General Group Plc15,443$313.2K0.00%+10,250+197.4%Added
Bridgeway Capital Management, LLC15,267$309.6K0.01%−2,000−11.6%Reduced
JPMorgan Chase & Co14,705$298.2K0.00%−99−0.7%Reduced
Mirae Asset Global ETFs Holdings Ltd.14,378$291.3K0.00%+1,598+12.5%Added
MetLife Investment Management13,886$281.6K0.00%00.0%Unchanged
Wells Fargo & Company13,549$274.8K0.00%+2,951+27.8%Added
Susquehanna International Group, LLP13,507$273.9K0.00%+2,546+23.2%Added
Alliancebernstein L.P.12,950$262.6K0.00%+3,680+39.7%Added
Invesco Ltd.12,155$246.5K0.00%+1,181+10.8%Added
Corebridge Financial, Inc.11,477$232.8K0.00%−866−7.0%Reduced
California State Teachers Retirement System10,505$213.0K0.00%+8,832+527.9%Added
Intech Investment Management LLC10,214$207.1K0.00%+10,214New
Gsa Capital Partners LLP10,198$207.0K0.02%+10,198New
Qube Research & Technologies Ltd9,903$200.8K0.00%−21,133−68.1%Reduced
New York State Common Retirement Fund9,300$188.6K0.00%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey5,564$112.8K0.00%+5,564New
China Universal Asset Management Co., Ltd.5,437$110.3K0.01%+505+10.2%Added
Quest Partners LLC3,618$73.4K0.01%−5,763−61.4%Reduced
BNP Paribas Arbitrage, SA3,371$68.4K0.00%−9,977−74.7%Reduced
Royal Bank of Canada3,234$66.0K0.00%+790+32.3%Added
Virtus ETF Advisers LLC3,157$64.0K0.03%+3,157New
KLP Kapitalforvaltning AS2,300$46.6K0.00%+2,300New
Ameritas Investment Partners, Inc.2,262$45.9K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,646$33.4K0.00%+1,232+297.6%Added
Skopos Labs, Inc.1,576$32.0K0.01%+1,576New
Federated Hermes, Inc.923$18.7K0.00%+923New
Mirae Asset Global Investments Co., Ltd.854$17.7K0.00%−73−7.9%Reduced
Amalgamated Bank799$16.0K0.00%00.0%Unchanged
Sterling Capital Management LLC740$15.0K0.00%+655+770.6%Added
GF Fund Management Co. Ltd.538$10.9K0.00%+538New
Advisor Group Holdings, Inc.250$5.07K0.00%00.0%Unchanged
GAMMA Investing LLC164$3.33K0.00%+17+11.6%Added
Creative Planning109$2.21K0.00%+109New
US Bancorp99$2.01K0.00%+79+395.0%Added
Daiwa Securities Group Inc.95$2.00K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC85$1.72K0.00%+18+26.9%Added
Lindbrook Capital, LLC56$1.14K0.00%00.0%Unchanged
Signaturefd, LLC54$1.09K0.00%00.0%Unchanged
Amundi38$7600.00%+38New
SRS Capital Advisors, Inc.30$6090.00%+30New
Rothschild Investment LLC25$5070.00%+25New
SBI Securities Co., Ltd.3$610.00%+3New