Terns PharmaceuticalsTERN
13F holders, Q4 2025 (December 31)248holders +107
114new positions
17sold out
8famous investors
$40.40avg. 13F price*
At the end of Q4 2025, 248 institutions reported holding Terns Pharmaceuticals Inc. (TERN) in their 13F filings, up 107 from Q3 2025. 114 opened new positions and 17 sold out. The largest holders were BlackRock, Inc. ($331.0M), Morgan Stanley ($321.0M) and Adage Capital Partners Gp, L.L.C. ($224.2M). 8 famous investors held it, including Ken Griffin (0.1% of Citadel Advisors's portfolio), Steve Cohen (0.0% of Point72 Asset Management's portfolio) and David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).
- Company
- Terns Pharmaceuticals Inc.
- CUSIP
- 880881107
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 114 | $1.8B |
| Exits | 17 | $7.2M |
All 13F filers, Q3 2025 → Q4 2025: 64,671,353 shares bought and 32,736,550 shares sold, net +31,934,803 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 248 holders
| BlackRock, Inc. | 0.01% | Add +47.6% | 8,194,218 | $331.0M |
| Morgan Stanley | 0.02% | Add +4.7% | 7,945,608 | $321.0M |
| Adage Capital Partners Gp, L.L.C. | 0.34% | Add +40.9% | 5,550,000 | $224.2M |
| Vanguard Group Inc. | 0.00% | Add +21.1% | 5,523,948 | $223.2M |
| Vivo Capital, LLC | 13.96% | Reduce -22.5% | 5,346,928 | $216.0M |
| Vestal Point Capital, LP | 6.67% | New | 4,500,000 | $181.8M |
| Avoro Capital Advisors LLC | 1.73% | New | 4,350,000 | $175.7M |
| Janus Henderson Group PLC | 0.06% | New | 3,379,569 | $136.5M |
| Citadel Advisors | 0.09% | Add +99.2% | 3,166,642 | $127.9M |
| Capitolis Liquid Global Markets LLC | 0.73% | New | 3,045,200 | $123.0M |
| Holocene Advisors, LP | 0.24% | New | 2,775,493 | $112.1M |
| Franklin Resources Inc. | 0.03% | Add +113.8% | 2,731,312 | $110.3M |
| Lord, Abbett & Co. LLC | 0.35% | New | 2,712,399 | $109.6M |
| Orbimed Advisors LLC | 1.78% | Reduce -71.5% | 2,153,300 | $87.0M |
| Geode Capital Management, LLC | 0.01% | Add +22.3% | 2,096,642 | $84.7M |
| Ameriprise Financial Inc. | 0.02% | New | 1,894,381 | $76.5M |
| State Street Corp. | 0.00% | Add +10.6% | 1,775,922 | $71.7M |
| JPMorgan Chase & Co. | 0.00% | Add +159.7% | 1,773,026 | $71.6M |
| Acorn Capital Advisors, LLC | 23.90% | Reduce -11.4% | 1,746,264 | $70.5M |
| Nearwater Capital Markets, Ltd | 1.18% | New | 1,704,800 | $68.9M |
| Ikarian Capital, LLC | 8.35% | Add +872.2% | 1,596,378 | $64.5M |
| Pictet Asset Management Holding SA | 0.06% | Add +42.8% | 1,577,116 | $63.7M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.10% | New | 1,515,400 | $61.2M |
| Commodore Capital LP | 3.97% | Reduce -74.1% | 1,475,000 | $59.6M |
| Toronto Dominion Bank | 0.10% | New | 1,400,802 | $56.6M |
| Woodline Partners LP | 0.22% | Add +371.6% | 1,377,283 | $55.6M |
| Alliancebernstein L.P. | 0.02% | Add +1286.5% | 1,288,079 | $52.0M |
| Candriam S.C.A. | 0.26% | Reduce -46.7% | 1,262,303 | $51.0M |
| Dimensional Fund Advisors LP | 0.01% | Reduce -14.3% | 1,247,763 | $50.4M |
| D. E. Shaw & Co. | 0.04% | New | 1,154,029 | $46.6M |
| Nuveen, LLC | 0.01% | Reduce -26.8% | 1,078,157 | $43.6M |
| Goldman Sachs Group Inc. | 0.01% | Add +94.4% | 1,062,984 | $42.9M |
| Capital International Investors | 0.01% | New | 1,060,000 | $42.8M |
| FMR LLC | 0.00% | Add +1601.5% | 1,026,863 | $41.5M |
| Millennium Management | 0.03% | Add +4.9% | 987,306 | $39.9M |
| T. Rowe Price Associates Inc. | 0.00% | Add +934.6% | 974,312 | $39.4M |
| Baker Bros. Advisors LP | 0.23% | New | 950,000 | $38.4M |
| Balyasny Asset Management L.P. | 0.07% | New | 891,903 | $36.0M |
| Marshall Wace, LLP | 0.03% | New | 878,583 | $35.5M |
| First Turn Management, LLC | 4.03% | New | 872,049 | $35.2M |
| Samlyn Capital, LLC | 0.53% | New | 814,875 | $32.9M |
| Paradigm Biocapital Advisors LP | 0.88% | New | 810,286 | $32.7M |
| Wellington Management Group LLP | 0.01% | Add +211.2% | 788,659 | $31.9M |
| Deep Track Capital, LP | 0.71% | Reduce -89.7% | 769,048 | $31.1M |
| Schonfeld Strategic Advisors LLC | 0.15% | Reduce -60.1% | 754,237 | $30.5M |
| Logos Global Management LP | 2.02% | New | 750,000 | $30.3M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +26.4% | 737,160 | $29.8M |
| Northern Trust Corp. | 0.00% | Add +13.1% | 664,444 | $26.8M |
| Farallon Capital Management, L.L.C. | 0.13% | New | 642,000 | $25.9M |
| Acuta Capital Partners, LLC | 17.48% | Add +26.7% | 637,095 | $25.7M |
| Parkman Healthcare Partners LLC | 2.39% | Reduce -33.6% | 620,877 | $25.1M |
| Invesco Ltd. | 0.00% | Add +26.9% | 606,247 | $24.5M |
| Braidwell LP | 0.89% | New | 575,321 | $23.2M |
| Point72 Asset Management | 0.04% | New | 573,700 | $23.2M |
| Bank of America Corp. | 0.00% | Reduce -21.4% | 553,609 | $22.4M |
| NEXTBio Capital Management LP | 13.06% | — | 551,190 | $22.3M |
| Affinity Asset Advisors, LLC | 1.65% | New | 550,000 | $22.2M |
| Mariner, LLC | 0.03% | New | 542,052 | $21.9M |
| ADAR1 Capital Management, LLC | 1.64% | Add +5316.1% | 541,615 | $21.9M |
| Blackstone Inc. | 0.08% | New | 476,754 | $19.3M |
| Renaissance Technologies | 0.03% | Reduce -31.0% | 466,847 | $18.9M |
| Boothbay Fund Management, LLC | 0.48% | Add +149.9% | 447,008 | $18.1M |
| Superstring Capital Management LP | 9.60% | Reduce -43.8% | 443,777 | $17.9M |
| KVP Capital Advisors, LP | 18.36% | — | 440,000 | $17.8M |
| Stempoint Capital LP | 2.98% | Add +378.9% | 429,198 | $17.3M |
| Integral Health Asset Management, LLC | 0.87% | Reduce -55.3% | 425,000 | $17.2M |
| Deutsche Bank AG | 0.01% | Add +5.4% | 401,446 | $16.2M |
| Norges Bank | 0.00% | — | 395,205 | $16.0M |
| ExodusPoint Capital Management, LP | 0.17% | New | 375,673 | $15.2M |
| Boxer Capital Management, LLC | 3.32% | New | 375,000 | $15.2M |
| Evergreen Quality Fund GP, Ltd. | 0.29% | New | 360,200 | $14.6M |
| Diadema Partners LP | 8.32% | Add +7.0% | 345,880 | $14.0M |
| UBS Group AG | 0.00% | Reduce -66.5% | 325,968 | $13.2M |
| Atika Capital Management LLC | 1.81% | New | 321,165 | $13.0M |
| Patient Square Capital LP | 2.77% | New | 320,000 | $12.9M |
| Trails Edge Capital Partners, LP | 2.99% | — | 300,000 | $12.1M |
| Eagle Health Investments LP | 2.44% | New | 275,090 | $11.1M |
| Bank of New York Mellon Corp | 0.00% | Add +24.2% | 258,562 | $10.4M |
| Russell Investments Group, Ltd. | 0.01% | Add +667.8% | 247,027 | $10.0M |
| SummitTX Capital, L.P. | 0.26% | Add +1744.0% | 215,854 | $8.7M |
| Soleus Capital Management, L.P. | 0.36% | Reduce -97.4% | 212,710 | $8.6M |
| J. Goldman & Co LP | 0.32% | New | 203,192 | $8.2M |
| Monashee Investment Management LLC | 4.71% | New | 197,313 | $8.0M |
| American Century Companies Inc. | 0.00% | Add +16.8% | 192,751 | $7.8M |
| Squadron Capital Management LLC | 3.43% | — | 190,000 | $7.7M |
| Acadian Asset Management LLC | 0.01% | New | 189,025 | $7.6M |
| HighVista Strategies LLC | 1.83% | New | 175,462 | $7.1M |
| Armistice Capital, LLC | 0.17% | New | 172,479 | $7.0M |
| Barclays PLC | 0.00% | Add +31.3% | 171,186 | $6.9M |
| Nicholas Investment Partners, LP | 0.55% | New | 165,781 | $6.7M |
| Capricorn Fund Managers Ltd | 1.47% | New | 151,436 | $6.1M |
| Trexquant Investment LP | 0.05% | Add +292.6% | 150,049 | $6.1M |
| Canada Pension Plan Investment Board | 0.00% | Add +10242.9% | 144,800 | $5.8M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | New | 137,478 | $5.6M |
| Catalio Capital Management, LP | 0.98% | New | 136,958 | $5.5M |
| Seven Fleet Capital Management LP | 3.57% | — | 130,413 | $5.3M |
| HRT Financial LP | 0.02% | New | 124,709 | $5.0M |
| Voya Investment Management LLC | 0.01% | Add +795.6% | 122,395 | $4.9M |
| Persistent Asset Partners Ltd | 2.21% | Add +52.7% | 113,555 | $4.6M |
| Platinum Investment Management Ltd. | 1.03% | Reduce -11.5% | 110,734 | $4.5M |
"% of holder's portfolio" is TERN's weight in each manager's 13F, not the share of Terns Pharmaceuticals Inc. the manager owns.