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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, Q3 2025

Institutional positions in Tourmaline Bio, Inc. as of Sep 30, 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

TRML is no longer listed, so this page shows Q3 2025. 13F filings for later quarters list far fewer holders.

Institutional holders
134
+25 vs. Q2 2025
Shares held
21.6M
−2.45M (−10.2%) vs. Q2 2025
Total value
$1.03B
+$649.2M (+168.7%) vs. Q2 2025
New holders
52
22 more added
Sold out
27
44 more reduced

Compare with Q2 2025: 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 holdersQ3 2025: 134 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 heldQ3 2025: $1.03B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Tourmaline Bio, Inc.; share changes are against Q2 2025.

Institutions holding TRML in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
SBI Securities Co., Ltd.2$960.00%−1−33.3%Reduced
Smartleaf Asset Management LLC13$6260.00%+13New
True Wealth Design, LLC18$8610.00%00.0%Unchanged
The PNC Financial Services Group, Inc.20$9570.00%00.0%Unchanged
Rothschild Investment LLC45$2.15K0.00%−15−25.0%Reduced
SRS Capital Advisors, Inc.47$2.25K0.00%−5−9.6%Reduced
Parkside Financial Bank & Trust48$2.30K0.00%+13+37.1%Added
CWM, LLC71$3.00K0.00%+3+4.4%Added
Daiwa Securities Group Inc.95$5.00K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.251$5.90K0.00%00.0%Unchanged
Optiver Holding B.V.128$6.12K0.00%+128New
US Bancorp144$6.89K0.00%−88−37.9%Reduced
EverSource Wealth Advisors, LLC183$8.75K0.00%+150+454.5%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.243$12.0K0.00%−62−20.3%Reduced
Royal Bank of Canada384$18.0K0.00%−121,562−99.7%Reduced
GF Fund Management Co. Ltd.555$26.5K0.00%−101−15.4%Reduced
Amalgamated Bank567$27.0K0.00%−232−29.0%Reduced
GAMMA Investing LLC570$27.3K0.00%+121+26.9%Added
Versant Capital Management, Inc600$28.7K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)740$35.4K0.00%−2,474−77.0%Reduced
Mirae Asset Global Investments Co., Ltd.993$47.5K0.00%+1+0.1%Added
Sterling Capital Management LLC1,208$57.8K0.00%+694+135.0%Added
Caitong International Asset Management Co., Ltd1,234$59.0K0.04%+944+325.5%Added
Citigroup Inc1,418$67.8K0.00%−8,376−85.5%Reduced
FMR LLC1,451$69.4K0.00%−55,986−97.5%Reduced
Ameritas Investment Partners, Inc.1,463$70.0K0.00%−799−35.3%Reduced
Nisa Investment Advisors, LLC1,551$74.2K0.00%00.0%Unchanged
Russell Investments Group, Ltd.1,579$75.5K0.00%+1,579New
Quantbot Technologies LP1,948$93.2K0.00%+1,948New
Farther Finance Advisors, LLC2,146$102.6K0.00%+1,144+114.2%Added
KLP Kapitalforvaltning AS2,300$110.0K0.00%00.0%Unchanged
Zurcher Kantonalbank (Zurich Cantonalbank)2,515$120.3K0.00%+2,515New
PenderFund Capital Management Ltd.3,000$143.5K0.02%+3,000New
State Board of Administration of Florida Retirement System4,400$210.5K0.00%+4,400New
China Universal Asset Management Co., Ltd.4,503$215.4K0.02%−656−12.7%Reduced
Point72 Asia (Singapore) Pte. Ltd.4,637$221.8K0.03%+4,637New
BNP Paribas Arbitrage, SA4,841$231.5K0.00%+2,738+130.2%Added
Police & Firemen's Retirement System of New Jersey4,939$236.2K0.00%−625−11.2%Reduced
Guggenheim Capital LLC5,437$260.1K0.00%+5,437New
Mariner, LLC5,579$266.8K0.00%+5,579New
Virtus Investment Advisers, Inc.5,718$273.5K0.08%+993+21.0%Added
Velan Capital Investment Management LP5,800$277.4K0.26%−388,089−98.5%Reduced
Manufacturers Life Insurance Company, The5,848$279.7K0.00%+5,848New
Janus Henderson Group PLC5,926$283.4K0.00%+5,926New
New York State Common Retirement Fund6,100$291.8K0.00%00.0%Unchanged
Verition Fund Management LLC6,985$334.1K0.00%−33,045−82.6%Reduced
Greenland Capital Management LP7,032$336.3K0.05%+7,032New
Quest Partners LLC7,323$350.3K0.02%+5,001+215.4%Added
Sanctuary Advisors, LLC7,633$365.1K0.00%+7,633New
Mirae Asset Global ETFs Holdings Ltd.8,063$385.7K0.00%−2,358−22.6%Reduced
Price T Rowe Associates Inc9,280$444.0K0.00%−1,481−13.8%Reduced
Skandinaviska Enskilda Banken AB (publ)9,921$474.5K0.00%+9,921New
Gamco Investors, Inc. Et Al10,000$478.3K0.00%+10,000New
California State Teachers Retirement System10,021$479.3K0.00%+10.0%Added
MetLife Investment Management10,394$497.1K0.00%−3,159−23.3%Reduced
Jain Global LLC11,093$530.6K0.01%+11,093New
Legal & General Group Plc11,784$563.6K0.00%+3,767+47.0%Added
Wolverine Asset Management LLC12,120$579.7K0.01%+12,120New
Alps Advisors Inc12,465$596.2K0.00%−1,381−10.0%Reduced
Deutsche Bank AG12,730$608.9K0.00%−1,948−13.3%Reduced
Franklin Resources Inc12,984$621.0K0.00%−922−6.6%Reduced
UBS Asset Management Americas Inc12,987$621.2K0.00%−3,916−23.2%Reduced
Creative Planning13,287$635.5K0.00%+695+5.5%Added
Wells Fargo & Company13,462$643.9K0.00%+1,248+10.2%Added
JPMorgan Chase & Co14,291$683.5K0.00%−1,308−8.4%Reduced
BBR Partners, LLC15,000$717.5K0.04%00.0%Unchanged
Weiss Asset Management LP16,387$783.8K0.01%+16,387New
Jane Street Group, LLC16,477$788.1K0.00%+16,477New
Jefferies Financial Group Inc.17,363$830.5K0.01%+17,363New
Groupe la Francaise17,998$860.8K0.01%+17,998New
FORA Capital, LLC18,087$865.1K0.15%+18,087New
Natixis18,700$894.4K0.00%+18,700New
Oxford Asset Management LLP18,756$897.1K0.29%+18,756New
BCK Capital Management LP19,471$931.3K0.99%+19,471New
SG Americas Securities, LLC20,182$965.0K0.00%−44,974−69.0%Reduced
Oddo BHF Asset Management SAS20,810$995.3K0.04%+20,810New
Swiss National Bank22,400$1.07M0.00%00.0%Unchanged
Virtu Financial LLC26,273$1.26M0.07%+26,273New
Rhumbline Advisers27,057$1.29M0.00%−2,959−9.9%Reduced
Prelude Capital Management, LLC27,282$1.30M0.10%+27,282New
Barclays PLC27,801$1.33M0.00%−16,540−37.3%Reduced
Credit Industriel Et Commercial29,661$1.42M0.23%+29,661New
Invesco Ltd.30,558$1.46M0.00%+4,932+19.2%Added
Gabelli & Co Investment Advisers, Inc.31,050$1.49M0.24%+31,050New
Balyasny Asset Management LLC32,567$1.56M0.00%−571,994−94.6%Reduced
Twin Securities, Inc.33,301$1.59M0.80%+33,301New
Susquehanna Portfolio Strategies, LLC43,189$2.07M0.03%−7,930−15.5%Reduced
Nuveen, LLC47,553$2.27M0.00%−24,103−33.6%Reduced
American Century Companies Inc47,788$2.29M0.00%+7,224+17.8%Added
Bank of New York Mellon Corp49,964$2.39M0.00%−6,707−11.8%Reduced
Centiva Capital, LP50,000$2.39M0.22%+50,000New
Water Island Capital LLC50,968$2.44M0.35%+50,968New
HighTower Advisors, LLC53,418$2.55M0.00%+11,073+26.1%Added
Carmignac Gestion55,412$2.65M0.04%+55,412New
Susquehanna International Group, LLP60,649$2.90M0.00%+28,576+89.1%Added
Wellington Management Group LLP63,574$3.04M0.00%−17,502−21.6%Reduced
Dimensional Fund Advisors LP69,085$3.30M0.00%−44,806−39.3%Reduced
Bank of America Corp84,140$4.02M0.00%−43,231−33.9%Reduced
Toronto Dominion Bank89,200$4.27M0.01%+89,200New
Renaissance Technologies LLC91,850$4.39M0.01%+91,850New