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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, Q1 2025

Institutional positions in Tourmaline Bio, Inc. as of Mar 31, 2025. 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
107
+7 vs. Q4 2024
Shares held
23.9M
+1.16M (+5.1%) vs. Q4 2024
Total value
$364.3M
−$97.8M (−21.2%) vs. Q4 2024
New holders
19
34 more added
Sold out
12
31 more reduced

1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2025: 107 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 heldQ1 2025: $364.3M
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, Q1 2025

Shares, value and share of portfolio for each institution holding Tourmaline Bio, Inc.; share changes are against Q4 2024.

Institutions holding TRML in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
SBI Securities Co., Ltd.3$460.00%00.0%Unchanged
Amundi7$920.00%−31−81.6%Reduced
True Wealth Design, LLC18$2740.00%+18New
Rothschild Investment LLC20$3040.00%−5−20.0%Reduced
Coldstream Capital Management Inc43$6550.00%+43New
Signaturefd, LLC54$8210.00%00.0%Unchanged
Daiwa Securities Group Inc.95$1.00K0.00%00.0%Unchanged
CWM, LLC63$1.00K0.00%+48+320.0%Added
US Bancorp79$1.20K0.00%−20−20.2%Reduced
Jones Financial Companies LLLP100$1.67K0.00%+100New
Caitong International Asset Management Co., Ltd121$1.84K0.00%+121New
Advisor Group Holdings, Inc.250$3.80K0.00%00.0%Unchanged
Sterling Capital Management LLC398$6.05K0.00%−342−46.2%Reduced
GAMMA Investing LLC494$7.51K0.00%+330+201.2%Added
Versant Capital Management, Inc600$9.13K0.00%+600New
GF Fund Management Co. Ltd.656$9.98K0.00%+118+21.9%Added
Amalgamated Bank799$12.0K0.00%00.0%Unchanged
Mirae Asset Global Investments Co., Ltd.879$14.6K0.00%+25+2.9%Added
Royal Bank of Canada1,482$23.0K0.00%−1,752−54.2%Reduced
Farther Finance Advisors, LLC1,659$23.6K0.00%+1,659New
BNP Paribas Arbitrage, SA1,568$23.8K0.00%−1,803−53.5%Reduced
Nisa Investment Advisors, LLC1,582$24.1K0.00%+1,497+1,761.2%Added
Ameritas Investment Partners, Inc.2,262$34.4K0.00%00.0%Unchanged
KLP Kapitalforvaltning AS2,300$35.0K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)2,368$36.0K0.00%+722+43.9%Added
Quest Partners LLC2,752$41.9K0.00%−866−23.9%Reduced
Skopos Labs, Inc.3,923$59.7K0.01%+2,347+148.9%Added
China Universal Asset Management Co., Ltd.5,143$78.2K0.01%−294−5.4%Reduced
Police & Firemen's Retirement System of New Jersey5,564$84.6K0.00%00.0%Unchanged
New York State Common Retirement Fund6,100$92.8K0.00%−3,200−34.4%Reduced
Virtus Investment Advisers, Inc.7,289$110.9K0.03%+7,289New
BBR Partners, LLC10,000$152.1K0.01%+10,000New
Price T Rowe Associates Inc10,243$156.0K0.00%+10,243New
HSBC Holdings PLC10,357$158.4K0.00%+10,357New
California State Teachers Retirement System10,505$159.8K0.00%00.0%Unchanged
Intech Investment Management LLC10,583$161.0K0.00%+369+3.6%Added
Corebridge Financial, Inc.11,309$172.0K0.00%−168−1.5%Reduced
Two Sigma Advisers, LP12,219$185.9K0.00%+12,219New
Susquehanna Fundamental Investments, LLC12,402$188.6K0.00%−10,642−46.2%Reduced
Alliancebernstein L.P.12,950$197.0K0.00%00.0%Unchanged
MetLife Investment Management13,553$206.1K0.00%−333−2.4%Reduced
Mirae Asset Global ETFs Holdings Ltd.13,800$209.9K0.00%−578−4.0%Reduced
Wells Fargo & Company13,854$210.7K0.00%+305+2.3%Added
Franklin Resources Inc13,892$211.3K0.00%+13,892New
Caption Management, LLC14,312$217.7K0.01%+14,312New
Legal & General Group Plc15,443$234.9K0.00%00.0%Unchanged
Citigroup Inc17,012$258.8K0.00%−14,001−45.1%Reduced
Alps Advisors Inc17,501$266.2K0.00%−3,234−15.6%Reduced
UBS Oconnor LLC17,860$271.7K0.01%+17,860New
Deutsche Bank AG18,011$273.9K0.00%−1,997−10.0%Reduced
State of Wisconsin Investment Board18,922$287.8K0.00%+1,129+6.3%Added
Boothbay Fund Management, LLC19,559$297.5K0.01%00.0%Unchanged
Invesco Ltd.19,920$303.0K0.00%+7,765+63.9%Added
Jump Financial, LLC20,893$317.8K0.00%+20,893New
Swiss National Bank22,400$340.7K0.00%+2,300+11.4%Added
EntryPoint Capital, LLC24,972$379.8K0.17%+24,972New
Barclays PLC31,795$483.6K0.00%−26,771−45.7%Reduced
Rhumbline Advisers33,033$502.4K0.00%−2,558−7.2%Reduced
American Century Companies Inc36,018$547.8K0.00%+12,661+54.2%Added
SG Americas Securities, LLC36,180$550.0K0.00%+1,368+3.9%Added
Two Sigma Investments, LP36,643$557.3K0.00%+15,202+70.9%Added
JPMorgan Chase & Co39,700$603.8K0.00%+24,995+170.0%Added
Brown Advisory Inc39,719$604.1K0.00%00.0%Unchanged
Susquehanna International Group, LLP48,584$739.0K0.00%+35,077+259.7%Added
HighTower Advisors, LLC53,418$812.5K0.00%00.0%Unchanged
Bank of New York Mellon Corp60,720$923.6K0.00%−539−0.9%Reduced
Wexford Capital LP63,610$967.5K0.25%+43,000+208.6%Added
Charles Schwab Investment Management Inc65,850$1.00M0.00%+1,791+2.8%Added
Ikarian Capital, LLC67,927$1.03M0.34%00.0%Unchanged
Wellington Management Group LLP74,739$1.14M0.00%+6,140+9.0%Added
Nuveen, LLC77,607$1.18M0.00%+77,607New
Goldman Sachs Group Inc82,919$1.26M0.00%−22,210−21.1%Reduced
Polymer Capital Management (HK) LTD86,934$1.32M0.23%+7,534+9.5%Added
Siren, L.L.C.91,426$1.39M0.08%00.0%Unchanged
Marshall Wace, LLP99,166$1.51M0.00%−16,925−14.6%Reduced
Alyeska Investment Group, L.P.115,053$1.75M0.01%00.0%Unchanged
Jennison Associates LLC118,487$1.80M0.00%−727,313−86.0%Reduced
Federated Hermes, Inc.121,245$1.84M0.00%+120,322+13,036.0%Added
Woodline Partners LP160,086$2.43M0.02%−1,635−1.0%Reduced
Northern Trust Corp202,582$3.08M0.00%−2,204−1.1%Reduced
UBS Group AG223,683$3.40M0.00%+34,452+18.2%Added
Nan Fung Group Holdings Ltd227,090$3.45M2.82%+40,000+21.4%Added
Bank of America Corp236,747$3.60M0.00%+166,010+234.7%Added
FMR LLC243,721$3.71M0.00%+208,234+586.8%Added
Millennium Management LLC268,738$4.09M0.00%−95,920−26.3%Reduced
Morgan Stanley285,745$4.35M0.00%+81,463+39.9%Added
Schonfeld Strategic Advisors LLC299,739$4.56M0.03%+1,500+0.5%Added
Pictet Asset Management Holding SA419,883$6.39M0.01%00.0%Unchanged
Acuta Capital Partners, LLC426,882$6.49M7.53%+75,040+21.3%Added
State Street Corp449,161$6.83M0.00%−351,032−43.9%Reduced
Velan Capital Investment Management LP455,412$6.93M7.13%+31,617+7.5%Added
Geode Capital Management, LLC496,120$7.55M0.00%+14,511+3.0%Added
Adage Capital Partners GP, L.L.C.500,000$7.61M0.01%−100,000−16.7%Reduced
Nantahala Capital Management, LLC532,824$8.10M0.67%−4,120−0.8%Reduced
Citadel Advisors LLC570,588$8.68M0.01%−77,530−12.0%Reduced
Vivo Capital, LLC591,882$9.00M1.19%00.0%Unchanged
Balyasny Asset Management LLC592,975$9.02M0.02%+592,975New
Qiming U.S. Ventures Management, LLC741,691$11.3M48.83%00.0%Unchanged
Octagon Capital Advisors LP905,000$13.8M2.99%+905,000New
Blue Owl Capital Holdings LP1,037,107$15.8M5.09%−42,214−3.9%Reduced