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Terns Pharmaceuticals, Inc.
$52.95 +0.00 (+0.00%) At close · May 7
Market Cap
$6.12B
Shares
115,521,157

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Holders: 324
Total Value: $7,159,929,215
Total Shares: 135,810,497
Showing 1–100 of 357 holdings by value · page 1 of 4

Institutional Ownership Trend

21 quarters

Superinvestors Holding TERN

All superinvestors →
George Soros $16,970,831 Joel Greenblatt $869,721

Holder Concentration

Across 324 13F filers · Δ vs Dec 31, 2025
Top Holder
7.0%
Jun 2023 → Mar 2026 · range 6.6% – 12.9%
+0.4 pts
Top 5
22.2%
Jun 2023 → Mar 2026 · range 22.2% – 50.9%
−4.0 pts
Top 10
34.6%
Jun 2023 → Mar 2026 · range 34.6% – 72.6%
−6.7 pts
HHI
201
Jun 2023 → Mar 2026 · range 201 – 671
Broadly held−47

Quarterly Activity

vs Dec 31, 2025
New
134
Increased
116
Decreased
57
Sold Out
62
Unchanged
17
Holder count: +72
Institutional value: +33.2%
Shares held: +2.1%

Top Buyers

vs Dec 31, 2025
Institution Added Now Holds Open
Large Balyasny Asset Management L.P. +2,995,542 3,887,445
Mega MILLENNIUM MANAGEMENT LLC +2,406,052 3,393,358
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP +1,591,874 2,135,271
Large Verition Fund Management LLC +1,539,528 1,552,293
Mid Paradigm Biocapital Advisors LP +1,406,213 2,216,499

Top Sellers

vs Dec 31, 2025
Institution Sold Now Holds Open
Mid Vivo Capital, LLC −4,012,510 1,334,418
Mid Vestal Point Capital, LP −3,500,000 1,000,000
Large ADAGE CAPITAL PARTNERS GP, L.L.C. −3,425,183 2,124,817
Mid Deep Track Capital, LP −2,845,171 1,073,877
Mega JANUS HENDERSON GROUP PLC −1,909,512 1,470,057

Top New Positions

vs Dec 31, 2025
Institution Acquired Value (USD) Open
Mega VANGUARD CAPITAL MANAGEMENT LLC 4,355,482 $229,621,011
Mid HBK INVESTMENTS L P 2,950,000 $155,524,000
Mid GLAZER CAPITAL, LLC 2,295,498 $121,018,654
Large CAPITOLIS LIQUID GLOBAL MARKETS LLC 1,975,800 $104,164,176
Mid WHITEBOX ADVISORS LLC 1,500,001 $79,080,052

Top Sold-Out Positions

vs Dec 31, 2025
Institution Previously Held Last Value (USD) Open
— Adage Capital Management, L.P. 5,550,000 $224,220,000
Mega VANGUARD GROUP INC 5,523,948 $223,167,498
Large Capitolis Liquid Global Markets LLC 3,045,200 $123,026,080
Mid ORBIMED ADVISORS LLC 2,153,300 $86,993,320
Mid Commodore Capital LP 1,475,000 $59,590,000
Filter: New 134 Increased 116 Reduced 57 Sold out 62 Unchanged 17
Showing 100 of 357
All Common Calls Puts
Export CSV
Holder Value (USD) % of 13F Shares Open
Mega BlackRock, Inc. $504,508,516 7.05% 9,569,585
Mega MORGAN STANLEY $339,998,657 4.75% 6,449,140
Large Avoro Capital Advisors LLC $300,240,400 4.19% 5,695,000
Mega VANGUARD CAPITAL MANAGEMENT LLC $229,621,011 3.21% 4,355,482
Large Holocene Advisors, LP $216,986,452 3.03% 4,115,828
Mega CITADEL ADVISORS LLC $169,695,662 2.37% 3,218,810
Mega MILLENNIUM MANAGEMENT LLC $158,769,337 2.22% 3,011,558
Mid HBK INVESTMENTS L P $155,524,000 2.17% 2,950,000
Mega JPMORGAN CHASE & CO $151,292,056 2.11% 2,869,728
Large LORD, ABBETT & CO. LLC $148,298,091 2.07% 2,812,938
Large Balyasny Asset Management L.P. $146,532,340 2.05% 2,779,445
Mega FRANKLIN RESOURCES INC $127,003,478 1.77% 2,409,019
Mega GEODE CAPITAL MANAGEMENT, LLC $122,128,198 1.71% 2,316,544
Mid GLAZER CAPITAL, LLC $121,018,654 1.69% 2,295,498
Mid Paradigm Biocapital Advisors LP $116,853,827 1.63% 2,216,499
Mid Nearwater Capital Markets, Ltd $113,369,088 1.58% 2,150,400
Mega STATE STREET CORP $112,802,980 1.58% 2,139,662
Large ADAGE CAPITAL PARTNERS GP, L.L.C. $112,020,352 1.56% 2,124,817
Large CAPITOLIS LIQUID GLOBAL MARKETS LLC $104,164,176 1.45% 1,975,800
Small ACORN CAPITAL ADVISORS, LLC $92,063,038 1.29% 1,746,264
Large Pictet Asset Management Holding SA $87,281,914 1.22% 1,655,575
Mid Logos Global Management LP $79,080,000 1.10% 1,500,000
Mega JANUS HENDERSON GROUP PLC $77,501,404 1.08% 1,470,057
Mid Ikarian Capital, LLC $76,780,248 1.07% 1,456,378
Mega Capital International Investors $75,099,850 1.05% 1,424,504
Mid Vivo Capital, LLC $70,350,516 0.98% 1,334,418
Mega DIMENSIONAL FUND ADVISORS LP $65,786,386 0.92% 1,247,845
Mega UBS Group AG $64,778,432 0.90% 1,228,726
Mid Ikarian Capital, LLC $63,264,000 0.88% 1,200,000
Large Caption Management, LLC $59,468,160 0.83% 1,128,000
Large Balyasny Asset Management L.P. $58,413,760 0.82% 1,108,000
Mega GOLDMAN SACHS GROUP INC $58,358,983 0.82% 1,106,961
Mid Deep Track Capital, LP $56,614,795 0.79% 1,073,877
Mega ALLIANCEBERNSTEIN L.P. $54,442,836 0.76% 1,032,679
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP $53,584,608 0.75% 1,016,400
Mid WHITEBOX ADVISORS LLC $52,720,052 0.74% 1,000,001
Mid Vestal Point Capital, LP $52,720,000 0.74% 1,000,000
Large MARSHALL WACE, LLP $48,903,071 0.68% 927,600
Large HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Pension $48,742,908 0.68% 924,562
Mid ADAR1 Capital Management, LLC $48,222,931 0.67% 914,699
Mid NEXPOINT ASSET MANAGEMENT, L.P. $47,669,423 0.67% 904,200
Mid First Trust Capital Management L.P. $47,667,367 0.67% 904,161
Mid Fort Baker Capital Management LP $43,335,840 0.61% 822,000
Mega BANK OF AMERICA CORP /DE/ Bank $42,789,448 0.60% 811,636
Mega NORTHERN TRUST CORP Bank $42,452,040 0.59% 805,236
Large Verition Fund Management LLC $42,296,886 0.59% 802,293
Large TORONTO DOMINION BANK Bank $41,216,496 0.58% 781,800
Mega Nuveen, LLC $40,731,048 0.57% 772,592
Large Verition Fund Management LLC $39,540,000 0.55% 750,000
Mega CHARLES SCHWAB INVESTMENT MANAGEMENT INC $39,401,715 0.55% 747,377
Mid Polar Asset Management Partners Inc. $38,222,000 0.53% 725,000
Large Fiera Capital Corp $37,501,106 0.52% 711,326
Mega BARCLAYS PLC $35,301,364 0.49% 669,601
Mega PRICE T ROWE ASSOCIATES INC /MD/ $33,450,628 0.47% 634,496
Large Candriam S.C.A. $33,299,849 0.47% 631,636
Small NEXTBio Capital Management LP $31,871,032 0.45% 604,534
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP $31,489,656 0.44% 597,300
Mega VANGUARD FIDUCIARY TRUST CO Bank $30,261,121 0.42% 573,997
Mid Affinity Asset Advisors, LLC $29,661,906 0.41% 562,631
Large Mariner, LLC $29,384,071 0.41% 557,361
Large Qube Research & Technologies Ltd $28,357,244 0.40% 537,884
Small Octagon Capital Advisors LP $27,941,600 0.39% 530,000
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP $27,497,223 0.38% 521,571
Small Jones Hill Capital LP $27,479,614 0.38% 521,237
Large LMR Partners LLP $27,013,728 0.38% 512,400
Mid TIG Advisors, LLC $26,949,989 0.38% 511,191
Mid Melqart Asset Management (UK) Ltd $26,738,898 0.37% 507,187
Mega JENNISON ASSOCIATES LLC $26,434,809 0.37% 501,419
Mid WHITEBOX ADVISORS LLC $26,360,000 0.37% 500,000
Mid Logos Global Management LP $26,360,000 0.37% 500,000
Small ACUTA CAPITAL PARTNERS, LLC $26,137,099 0.37% 495,772
Mid BOOTHBAY FUND MANAGEMENT, LLC $25,630,882 0.36% 486,170
Mega NEUBERGER BERMAN GROUP LLC $25,344,612 0.35% 480,740
Small Beryl Capital Management LLC $25,239,963 0.35% 478,755
Mid SAMLYN CAPITAL, LLC $24,908,722 0.35% 472,472
Large TUDOR INVESTMENT CORP ET AL $23,370,776 0.33% 443,300
Small KVP Capital Advisors, LP $23,196,800 0.32% 440,000
Small Slotnik Capital, LLC $22,179,304 0.31% 420,700
Small Eagle Health Investments LP $21,746,841 0.30% 412,497
Small Catalio Capital Management, LP $21,564,114 0.30% 409,031
Large LMR Partners LLP $21,088,000 0.29% 400,000
Large Connor, Clark & Lunn Investment Management Ltd. $20,280,382 0.28% 384,681
Mega MILLENNIUM MANAGEMENT LLC $20,128,496 0.28% 381,800
Mid Sculptor Capital LP $20,033,600 0.28% 380,000
Mega WELLINGTON MANAGEMENT GROUP LLP $19,796,621 0.28% 375,505
Small Maven Securities LTD Broker-Dealer $19,770,000 0.28% 375,000
Small Boxer Capital Management, LLC $19,770,000 0.28% 375,000
Large Hudson Bay Capital Management LP $19,025,487 0.27% 360,878
Mid BOOTHBAY FUND MANAGEMENT, LLC $18,452,000 0.26% 350,000
Mega CITADEL ADVISORS LLC $17,329,064 0.24% 328,700
Small First Turn Management, LLC $17,223,307 0.24% 326,694
Mid SOROS FUND MANAGEMENT LLC $16,970,831 0.24% 321,905
Mid SummitTX Capital, L.P. $16,458,182 0.23% 312,181
Mid Davidson Kempner Capital Management LP $16,428,764 0.23% 311,623
Mega Invesco Ltd. $16,052,552 0.22% 304,487
Large LMR Partners LLP $15,816,000 0.22% 300,000
Small Monashee Investment Management LLC $15,816,000 0.22% 300,000
Mid Cormorant Asset Management, LP $15,816,000 0.22% 300,000
Small Atika Capital Management LLC $15,815,999 0.22% 300,000
Large Ensign Peak Advisors, Inc $15,773,771 0.22% 299,199
Key facts CIK 1831363 CUSIP 880881107 13F (30d) 4 filings 3 filers Visit website Investor relations

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