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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.

Q1 2025 vs. Q4 2024

How the institutions holding Tourmaline Bio, Inc. changed between Q4 2024 and Q1 2025.

All holders in Q1 2025All holders in Q4 2024

13F holders of TRML: Q4 2024 compared with Q1 2025
MeasureQ4 2024Of which not filed for Q1 2025Q1 2025Change
Holders1011107+7
Shares22.9M76.2K23.9M+1.16M (+5.1%)
Value$463.6M$1.55M$364.3M−$97.8M (−21.2%)

1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (19)

Institutions that held Tourmaline Bio, Inc. at the end of Q1 2025 but not at the end of Q4 2024.

Institutions new to TRML in Q1 2025
InstitutionSharesValue% of portfolio
Octagon Capital Advisors LP905,000$13.8M2.99%
Balyasny Asset Management LLC592,975$9.02M0.02%
Nuveen, LLC77,607$1.18M0.00%
EntryPoint Capital, LLC24,972$379.8K0.17%
Jump Financial, LLC20,893$317.8K0.00%
UBS Oconnor LLC17,860$271.7K0.01%
Caption Management, LLC14,312$217.7K0.01%
Franklin Resources Inc13,892$211.3K0.00%
Two Sigma Advisers, LP12,219$185.9K0.00%
HSBC Holdings PLC10,357$158.4K0.00%
Price T Rowe Associates Inc10,243$156.0K0.00%
BBR Partners, LLC10,000$152.1K0.01%
Virtus Investment Advisers, Inc.7,289$110.9K0.03%
Farther Finance Advisors, LLC1,659$23.6K0.00%
Versant Capital Management, Inc600$9.13K0.00%
Caitong International Asset Management Co., Ltd121$1.84K0.00%
Jones Financial Companies LLLP100$1.67K0.00%
Coldstream Capital Management Inc43$6550.00%
True Wealth Design, LLC18$2740.00%

Sold out (12)

Institutions that held Tourmaline Bio, Inc. at the end of Q4 2024 and filed for Q1 2025 without it.

Institutions that sold out of TRML in Q1 2025
InstitutionShares, Q4 2024Value, Q4 2024
RTW Investments, LP736,681$14.9M
StemPoint Capital LP126,400$2.56M
Prudential Financial Inc72,335$1.47M
Rafferty Asset Management, LLC29,844$605.2K
Jane Street Group, LLC17,887$362.7K
Bridgeway Capital Management, LLC15,267$309.6K
Gsa Capital Partners LLP10,198$207.0K
Qube Research & Technologies Ltd9,903$200.8K
Virtus ETF Advisers LLC3,157$64.0K
Creative Planning109$2.21K
Lindbrook Capital, LLC56$1.14K
SRS Capital Advisors, Inc.30$609

Not filed for Q1 2025 yet (1)

Institutions that held Tourmaline Bio, Inc. at the end of Q4 2024 and haven't filed a 13F for Q1 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding TRML in Q4 2024 that haven't filed for Q1 2025
InstitutionShares, Q4 2024Value, Q4 2024
Nuveen Asset Management, LLC76,245$1.55M