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 |
| Informed Momentum Co LLC | 0.49% | New | 108,986 | $4.4M |
| Rock Springs Capital Management LP | 0.23% | New | 108,481 | $4.4M |
| Rhumbline Advisers | 0.00% | Add +1.3% | 106,241 | $4.3M |
| Alyeska Investment Group, L.P. | 0.01% | New | 100,000 | $4.0M |
| Schroder Investment Management Group | 0.00% | Reduce -54.4% | 99,360 | $4.0M |
| Wells Fargo & Company | 0.00% | Add +73.2% | 96,308 | $3.9M |
| Jain Global LLC | 0.04% | New | 95,124 | $3.8M |
| Prosight Management, LP | 0.79% | New | 95,000 | $3.8M |
| Fred Alger Management, LLC | 0.01% | New | 89,872 | $3.6M |
| Jane Street Group, LLC | 0.00% | Add +38.3% | 88,837 | $3.6M |
| Hudson Bay Capital Management LP | 0.02% | New | 81,034 | $3.3M |
| Manufacturers Life Insurance Company, The | 0.00% | Add +220.1% | 79,775 | $3.2M |
| TD Asset Management Inc | 0.00% | New | 78,624 | $3.2M |
| Tudor Investment Corporation | 0.02% | New | 73,246 | $3.0M |
| Brevan Howard Capital Management LP | 0.06% | New | 71,413 | $2.9M |
| Group One Trading LLC | 0.08% | Add +131.0% | 70,844 | $2.9M |
| Cinctive Capital Management LP | 0.16% | Reduce -9.5% | 70,159 | $2.8M |
| Velan Capital Investment Management LP | 1.65% | Add +250.0% | 70,000 | $2.8M |
| Citigroup Inc. | 0.00% | Add +450.8% | 69,468 | $2.8M |
| Quadrature Capital Ltd | 0.03% | New | 67,266 | $2.7M |
| New York State Common Retirement Fund | 0.00% | Add +271.6% | 65,303 | $2.6M |
| Aquatic Capital Management LLC | 0.06% | New | 48,000 | $1.9M |
| MetLife Investment Management, LLC | 0.01% | Add +5.1% | 47,938 | $1.9M |
| Sei Investments Co. | 0.00% | New | 47,115 | $1.9M |
| AQR Capital Management | 0.00% | Add +15.3% | 46,324 | $1.9M |
| Two Sigma Investments, LP | 0.00% | Add +28.9% | 43,866 | $1.8M |
| SG Americas Securities, LLC | 0.00% | New | 43,857 | $1.8M |
| Y-Intercept (Hong Kong) Ltd | 0.04% | New | 41,893 | $1.7M |
| Burkehill Global Management, LP | 0.11% | New | 40,000 | $1.6M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +17.1% | 39,786 | $1.6M |
| Erste Asset Management GmbH | 0.01% | New | 37,000 | $1.5M |
| Prudential Financial Inc. | 0.00% | Reduce -50.4% | 34,300 | $1.4M |
| FORA Capital, LLC | 0.16% | New | 33,728 | $1.4M |
| Harvest Investment Services, LLC | 0.25% | New | 33,286 | $1.3M |
| Polymer Capital Management (HK) LTD | 0.21% | New | 33,070 | $1.3M |
| Intech Investment Management LLC | 0.01% | Add +6.2% | 32,921 | $1.3M |
| Raymond James Financial Inc. | 0.00% | New | 32,226 | $1.3M |
| Bridgeway Capital Management, LLC | 0.03% | Reduce -67.4% | 31,000 | $1.3M |
| Maven Securities LTD | 0.15% | New | 30,000 | $1.2M |
| Lighthouse Investment Partners, LLC | 0.04% | New | 30,000 | $1.2M |
| Creative Planning | 0.00% | Add +86.6% | 29,928 | $1.2M |
| Walleye Capital LLC | 0.01% | New | 28,057 | $1.1M |
| State of Wisconsin Investment Board | 0.00% | Reduce -43.1% | 25,874 | $1.0M |
| Squarepoint Ops LLC | 0.00% | Add +97.6% | 25,167 | $1.0M |
| Legato Capital Management LLC | 0.08% | New | 23,961 | $968K |
| Police & Firemen's Retirement System of New Jersey | 0.01% | Add +5.4% | 23,244 | $939K |
| STRS Ohio | 0.00% | New | 21,800 | $881K |
| E. Ohman J:or Asset Management AB | 0.02% | Reduce -79.3% | 21,202 | $857K |
| BNP Paribas Financial Markets | 0.00% | Reduce -76.4% | 20,353 | $822K |
| Seven Grand Managers, LLC | 0.06% | New | 20,000 | $808K |
| Allianz Asset Management GmbH | 0.00% | New | 18,500 | $804K |
| ProShare Advisors LLC | 0.00% | Add +27.0% | 19,654 | $794K |
| Vanguard Personalized Indexing Management, LLC | 0.01% | Add +5.1% | 18,555 | $750K |
| Legal & General Group Plc | 0.00% | Add +190.1% | 18,058 | $730K |
| XTX Topco Ltd | 0.02% | New | 17,032 | $688K |
| Engineers Gate Manager LP | 0.01% | New | 16,765 | $677K |
| State Board of Administration of Florida Retirement System | 0.00% | New | 16,710 | $675K |
| LPL Financial LLC | 0.00% | New | 16,609 | $671K |
| China Universal Asset Management Co., Ltd. | 0.05% | Reduce -3.0% | 14,878 | $601K |
| PSP Research LLC | 0.48% | — | 13,560 | $548K |
| Gsa Capital Partners LLP | 0.05% | New | 13,268 | $536K |
| Verition Fund Management LLC | 0.00% | New | 12,765 | $516K |
| Entropy Technologies, LP | 0.03% | New | 11,620 | $469K |
| Gotham Asset Management | 0.00% | New | 11,476 | $464K |
| Graham Capital Management, L.P. | 0.02% | Reduce -54.9% | 10,958 | $443K |
| NEOS Investment Management LLC | 0.00% | New | 10,394 | $420K |
| Dark Forest Capital Management LP | 0.02% | New | 10,369 | $419K |
| Tema ETFs LLC | 0.03% | New | 10,244 | $414K |
| Sio Capital Management, LLC | 0.07% | No change | 10,100 | $408K |
| NewEdge Advisors, LLC | 0.00% | Add +240.0% | 9,173 | $371K |
| Fox Run Management, L.L.C. | 0.06% | Reduce -23.4% | 8,891 | $359K |
| Victory Capital Management Inc. | 0.00% | New | 8,764 | $354K |
| Qube Research & Technologies Ltd | 0.00% | Reduce -90.0% | 7,664 | $310K |
| Envestnet Asset Management Inc. | 0.00% | New | 7,617 | $308K |
| Susquehanna International Group, LLP | 0.00% | New | 7,597 | $307K |
| Profund Advisors LLC | 0.01% | Reduce -43.1% | 7,261 | $293K |
| Axq Capital, LP | 0.06% | New | 7,068 | $286K |
| Ameritas Investment Partners, Inc. | 0.01% | Add +23.4% | 6,961 | $281K |
| Xponance LLC | 0.00% | New | 6,677 | $270K |
| Abel Hall, LLC | 0.06% | New | 6,395 | $258K |
| Blair William & Co. | 0.00% | New | 6,050 | $244K |
| Commonwealth Equity Services, LLC | 0.00% | New | 5,984 | $242K |
| Arrowpoint Investment Partners (Singapore) Pte. Ltd. | 0.04% | New | 5,931 | $240K |
| Virtus Investment Advisers, LLC | 0.06% | Reduce -79.6% | 5,912 | $239K |
| Scientech Research LLC | 0.15% | New | 5,901 | $238K |
| Quantinno Capital Management LP | 0.00% | New | 5,846 | $236K |
| Cibc World Markets Corp. | 0.00% | — | 5,674 | $229K |
| WINTON GROUP Ltd | 0.01% | Reduce -91.5% | 5,600 | $226K |
| Mackenzie Financial Corp. | 0.00% | New | 5,295 | $215K |
| California State Teachers Retirement System | 0.00% | Add +2.0% | 5,280 | $213K |
| Rafferty Asset Management, LLC | 0.00% | New | 5,241 | $212K |
| EntryPoint Capital, LLC | 0.08% | New | 5,096 | $206K |
| DLD Asset Management, LP | 0.07% | Reduce -50.0% | 5,000 | $202K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 5,000 | $202K |
| Sterling Capital Management LLC | 0.00% | Reduce -0.9% | 4,943 | $200K |
| US Bancorp \de | 0.00% | Add +751.6% | 4,607 | $186K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Add +29.4% | 4,377 | $177K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -21.9% | 3,398 | $137K |
| Royal Bank of Canada | 0.00% | Reduce -80.5% | 3,070 | $123K |
| Cwm, LLC | 0.00% | Add +0.5% | 2,790 | $113K |
| Amalgamated Bank | 0.00% | Add +11.1% | 2,694 | $109K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +61.6% | 2,207 | $89K |
| Osaic Holdings, Inc. | 0.00% | Add +8.7% | 2,185 | $88K |
| FNY Investment Advisers, LLC | 0.02% | New | 2,000 | $80K |
| GF Fund Management Co. LTD. | 0.00% | Reduce -6.0% | 1,770 | $72K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -30.3% | 1,611 | $65K |
| Quadrant Capital Group LLC | 0.00% | No change | 1,165 | $47K |
| iA Global Asset Management Inc. | 0.00% | New | 1,073 | $43K |
| AlphaQuest LLC | 0.00% | Reduce -98.9% | 1,008 | $41K |
| Country Trust Bank | 0.00% | No change | 1,000 | $40K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -13.6% | 936 | $38K |
| GAMMA Investing LLC | 0.00% | Add +762.4% | 871 | $35K |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | New | 618 | $25K |
| Bessemer Group Inc. | 0.00% | New | 541 | $22K |
| Fortitude Family Office, LLC | 0.00% | No change | 461 | $19K |
| Parallel Advisors, LLC | 0.00% | Reduce -83.9% | 348 | $14K |
| Allworth Financial LP | 0.00% | Add +40.4% | 320 | $13K |
| Rothschild Investment LLC | 0.00% | Add +11.1% | 311 | $13K |
| Arax Advisory Partners | 0.00% | Add +97.3% | 290 | $12K |
| Rockefeller Capital Management L.P. | 0.00% | Add +334.9% | 274 | $11K |
| Daiwa Securities Group Inc. | 0.00% | Add +72.2% | 260 | $11K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +44.6% | 240 | $10K |
| SBI Securities Co., Ltd. | 0.00% | Add +61.6% | 202 | $8K |
| MAI Capital Management | 0.00% | No change | 189 | $8K |
| Federated Hermes, Inc. | 0.00% | New | 169 | $7K |
| Rialto Wealth Management, LLC | 0.00% | No change | 162 | $7K |
| Basecamp Wealth Advisors LLC | 0.00% | — | 140 | $6K |
| Accent Capital Management, LLC | 0.00% | New | 125 | $5K |
| Kilter Group LLC | 0.00% | No change | 116 | $5K |
| Comerica Bank | 0.00% | New | 105 | $4K |
| Leonteq Securities AG | 0.00% | New | 100 | $4K |
| Sunbelt Securities, Inc. | 0.00% | No change | 71 | $3K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 64 | $3K |
| Cornerstone Financial Management LLC | 0.00% | — | 58 | $2K |
| Bellevue Asset Management, LLC | 0.00% | New | 43 | $2K |
| Atlantic Union Bankshares Corp | 0.00% | New | 36 | $1K |
| Parkside Financial Bank & Trust | 0.00% | New | 35 | $1K |
| Smartleaf Asset Management LLC | 0.00% | New | 32 | $1K |
| Signaturefd, LLC | 0.00% | New | 22 | $889 |
| Bell Investment Advisors, Inc | 0.00% | New | 12 | $485 |
| Bare Financial Services, Inc | 0.00% | New | 12 | $485 |
| Larson Financial Group LLC | 0.00% | New | 11 | $444 |
| Essential Partners LLC | 0.00% | No change | 8 | $323 |
| Stone House Investment Management, LLC | 0.00% | New | 3 | $121 |
| Hughes Financial Services, LLC | 0.00% | New | 3 | $121 |
| Farther Finance Advisors, LLC | 0.00% | New | 2 | $81 |
| Global Retirement Partners, LLC | 0.00% | Reduce -97.6% | 1 | $40 |
| Capital Advisors, Ltd. LLC | 0.00% | Reduce -94.4% | 5 | $0 |
"% of holder's portfolio" is TERN's weight in each manager's 13F, not the share of Terns Pharmaceuticals Inc. the manager owns.