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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.

Q4 2025 vs. Q3 2025

How the institutions holding Tourmaline Bio, Inc. changed between Q3 2025 and Q4 2025.

All holders in Q4 2025All holders in Q3 2025

13F holders of TRML: Q3 2025 compared with Q4 2025
MeasureQ3 2025Of which not filed for Q4 2025Q4 2025Change
Holders13420−132
Shares21.6M746.3K0−20.9M (−100.0%)
Value$1.03B$35.7M$0−$998.3M (−100.0%)

2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (0)

Institutions that held Tourmaline Bio, Inc. at the end of Q4 2025 but not at the end of Q3 2025.

None.

Sold out (132)

Institutions that held Tourmaline Bio, Inc. at the end of Q3 2025 and filed for Q4 2025 without it.

Showing the largest 100 of 132 by value.

Institutions that sold out of TRML in Q4 2025
InstitutionShares, Q3 2025Value, Q3 2025
Avoro Capital Advisors LLC2,555,555$122.2M
QVT Financial LP2,154,653$103.1M
BlackRock, Inc.1,517,777$72.6M
TCG Crossover Management, LLC1,311,783$62.7M
Pfizer Inc1,272,214$60.8M
Vanguard Group Inc1,165,607$55.8M
FIL Ltd1,027,690$49.2M
Magnetar Financial LLC966,129$46.2M
Vivaldi Asset Management, LLC695,757$33.3M
TIG Advisors, LLC619,763$29.6M
Vivo Capital, LLC591,882$28.3M
Alliancebernstein L.P.539,961$25.8M
Highland Capital Management Fund Advisors, L.P.455,360$21.8M
Geode Capital Management, LLC453,952$21.7M
State Street Corp415,970$19.9M
Goldman Sachs Group Inc376,738$18.0M
CNH Partners LLC374,785$17.9M
Acuta Capital Partners, LLC268,451$12.8M
Morgan Stanley252,093$12.1M
Nan Fung Trinity (HK) Ltd227,090$10.9M
Versor Investments LP217,221$10.4M
Alpine Associates Management Inc.196,177$9.38M
Millennium Management LLC190,625$9.12M
Glazer Capital, LLC180,155$8.62M
UBS Group AG178,371$8.53M
Northern Trust Corp162,540$7.77M
Charles Schwab Investment Management Inc148,706$7.11M
Marshall Wace, LLP143,731$6.87M
Abc Arbitrage SA139,800$6.69M
Gabelli Funds LLC119,850$5.73M
Chicago Capital Management, LLC112,406$5.38M
Harvest Management LLC100,000$4.78M
Citadel Advisors LLC95,621$4.57M
Renaissance Technologies LLC91,850$4.39M
Toronto Dominion Bank89,200$4.27M
Bank of America Corp84,140$4.02M
Dimensional Fund Advisors LP69,085$3.30M
Wellington Management Group LLP63,574$3.04M
Susquehanna International Group, LLP60,649$2.90M
Carmignac Gestion55,412$2.65M
HighTower Advisors, LLC53,418$2.55M
Water Island Capital LLC50,968$2.44M
Centiva Capital, LP50,000$2.39M
Bank of New York Mellon Corp49,964$2.39M
American Century Companies Inc47,788$2.29M
Nuveen, LLC47,553$2.27M
Susquehanna Portfolio Strategies, LLC43,189$2.07M
Twin Securities, Inc.33,301$1.59M
Balyasny Asset Management LLC32,567$1.56M
Gabelli & Co Investment Advisers, Inc.31,050$1.49M
Invesco Ltd.30,558$1.46M
Credit Industriel Et Commercial29,661$1.42M
Barclays PLC27,801$1.33M
Prelude Capital Management, LLC27,282$1.30M
Rhumbline Advisers27,057$1.29M
Virtu Financial LLC26,273$1.26M
Swiss National Bank22,400$1.07M
Oddo BHF Asset Management SAS20,810$995.3K
SG Americas Securities, LLC20,182$965.0K
BCK Capital Management LP19,471$931.3K
Oxford Asset Management LLP18,756$897.1K
Natixis18,700$894.4K
FORA Capital, LLC18,087$865.1K
Groupe la Francaise17,998$860.8K
Jefferies Financial Group Inc.17,363$830.5K
Jane Street Group, LLC16,477$788.1K
Weiss Asset Management LP16,387$783.8K
BBR Partners, LLC15,000$717.5K
JPMorgan Chase & Co14,291$683.5K
Wells Fargo & Company13,462$643.9K
Creative Planning13,287$635.5K
UBS Asset Management Americas Inc12,987$621.2K
Franklin Resources Inc12,984$621.0K
Deutsche Bank AG12,730$608.9K
Alps Advisors Inc12,465$596.2K
Wolverine Asset Management LLC12,120$579.7K
Legal & General Group Plc11,784$563.6K
Jain Global LLC11,093$530.6K
MetLife Investment Management10,394$497.1K
California State Teachers Retirement System10,021$479.3K
Gamco Investors, Inc. Et Al10,000$478.3K
Skandinaviska Enskilda Banken AB (publ)9,921$474.5K
Price T Rowe Associates Inc9,280$444.0K
Mirae Asset Global ETFs Holdings Ltd.8,063$385.7K
Sanctuary Advisors, LLC7,633$365.1K
Quest Partners LLC7,323$350.3K
Greenland Capital Management LP7,032$336.3K
Verition Fund Management LLC6,985$334.1K
New York State Common Retirement Fund6,100$291.8K
Janus Henderson Group PLC5,926$283.4K
Manufacturers Life Insurance Company, The5,848$279.7K
Velan Capital Investment Management LP5,800$277.4K
Virtus Investment Advisers, Inc.5,718$273.5K
Mariner, LLC5,579$266.8K
Guggenheim Capital LLC5,437$260.1K
Police & Firemen's Retirement System of New Jersey4,939$236.2K
BNP Paribas Arbitrage, SA4,841$231.5K
China Universal Asset Management Co., Ltd.4,503$215.4K
State Board of Administration of Florida Retirement System4,400$210.5K
PenderFund Capital Management Ltd.3,000$143.5K

Not filed for Q4 2025 yet (2)

Institutions that held Tourmaline Bio, Inc. at the end of Q3 2025 and haven't filed a 13F for Q4 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding TRML in Q3 2025 that haven't filed for Q4 2025
InstitutionShares, Q3 2025Value, Q3 2025
Qiming U.S. Ventures Management, LLC741,691$35.5M
Point72 Asia (Singapore) Pte. Ltd.4,637$221.8K