Who Owns Terns Pharmaceuticals, Inc. (TERN)?Hedge Fund & Institutional Holders

$46.85+2.61 (+5.90%)HealthcareNASDAQ

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

Infinity%

QoQ Change in Holders

+9 / -6

Price History

$2.00$13.27$24.55$35.82$47.09Sep 24Jun 25Mar 26

TERN — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
ADAGE CAPITAL PARTNERS GP, L.L.C.Increased+1.6M+$194.4B
Vestal Point Capital, LPNew Position+4.5M+$181.8B
Avoro Capital Advisors LLCNew Position+4.3M+$175.7B
JANUS HENDERSON GROUP PLCNew Position+3.4M+$136.0B
Capitolis Liquid Global Markets LLCNew Position+3.0M+$123.0B
CITADEL ADVISORS LLCIncreased+1.6M+$114.1B
Holocene Advisors, LPNew Position+2.8M+$112.0B
FRANKLIN RESOURCES INCIncreased+1.5M+$99.4B
AMERIPRISE FINANCIAL INCNew Position+1.9M+$75.0B
Nearwater Capital Markets, LtdNew Position+1.7M+$68.0B
JPMORGAN CHASE & COIncreased+1.1M+$63.9B
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUNDNew Position+1.5M+$61.0B
TORONTO DOMINION BANKNew Position+1.4M+$56.0B
Woodline Partners LPIncreased+1.1M+$52.8B
ALLIANCEBERNSTEIN L.P.Increased+1.2M+$51.3B

TERN — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
Soleus Capital Management, L.P.Decreased-7.9M-$52.4B
Schonfeld Strategic Advisors LLCDecreased-1.1M-$14.2B
SUPERSTRING CAPITAL MANAGEMENT LPDecreased-346K-$5.9B
SALEM INVESTMENT COUNSELORS INCClosed Position-347K-$2.6B
JACOBS LEVY EQUITY MANAGEMENT, INCClosed Position-137K-$1.0B
EXCHANGE TRADED CONCEPTS, LLCClosed Position-121K-$912.1M
Qube Research & Technologies LtdDecreased-69K-$576.6M
PRUDENTIAL FINANCIAL INCDecreased-35K-$519.1M
WINTON GROUP LtdDecreased-60K-$493.3M
ZACKS INVESTMENT MANAGEMENTClosed Position-36K-$271.1M
Graham Capital Management, L.P.Decreased-13K-$182.4M
ROYAL BANK OF CANADADecreased-13K-$117.0M
CAXTON ASSOCIATES LLPClosed Position-15K-$113.9M
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.Closed Position-13K-$99.1M
PROFUND ADVISORS LLCDecreased-5K-$95.8M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1ADAGE CAPITAL PARTNERS GP, L.L.C.5,550,000$224.0B0.34%Share
2Vivo Capital, LLC5,346,928$216.0B13.96%Share
3Vestal Point Capital, LP4,500,000$181.8B6.18%Share
4Avoro Capital Advisors LLC4,350,000$175.7B1.73%Share
5JANUS HENDERSON GROUP PLC3,373,679$136.0B0.06%Share
6Capitolis Liquid Global Markets LLC3,045,200$123.0B0.73%Share
7Holocene Advisors, LP2,775,493$112.0B0.24%Share
8CITADEL ADVISORS LLC2,770,912$111.0B0.02%Share
9FRANKLIN RESOURCES INC2,715,034$109.0B0.03%Share
10ORBIMED ADVISORS LLC2,153,300$87.0B1.78%Share
11AMERIPRISE FINANCIAL INC1,849,729$74.0B0.02%Share
12ACORN CAPITAL ADVISORS, LLC1,746,264$70.5B23.90%Share
13Nearwater Capital Markets, Ltd1,704,800$68.0B1.16%Share
14HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND1,515,400$61.0B0.10%Share
15Commodore Capital LP1,475,000$59.6B3.97%Share
16TORONTO DOMINION BANK1,400,802$56.0B0.08%Share
17Woodline Partners LP1,377,283$55.0B0.21%Share
18ALLIANCEBERNSTEIN L.P.1,288,079$52.0B0.02%Share
19Candriam S.C.A.1,262,303$50.0B0.25%Share
20DIMENSIONAL FUND ADVISORS LP1,188,570$48.0B0.01%Share
21D. E. Shaw & Co., Inc.1,154,029$46.0B0.03%Share
22JPMORGAN CHASE & CO1,052,047$42.0B0.00%Share
23FMR LLC1,026,002$41.0B0.00%Share
24MILLENNIUM MANAGEMENT LLC987,306$39.0B0.02%Share
25BAKER BROS. ADVISORS LP950,000$38.4B0.22%Share
26BALYASNY ASSET MANAGEMENT L.P.891,903$36.0B0.05%Share
27First Turn Management, LLC872,049$35.2B4.03%Share
28Nuveen, LLC820,625$33.0B0.01%Share
29GOLDMAN SACHS GROUP INC796,358$32.0B0.00%Share
30Logos Global Management LP750,000$30.3B1.83%Share
31CHARLES SCHWAB INVESTMENT MANAGEMENT INC737,160$29.0B0.00%Share
32NORTHERN TRUST CORP645,022$26.0B0.00%Share
33FARALLON CAPITAL MANAGEMENT LLC642,000$25.9B0.12%Share
34Point72 Asset Management, L.P.573,700$23.0B0.03%Share
35Invesco Ltd.557,947$22.5B0.00%Share
36Affinity Asset Advisors, LLC550,000$22.2B1.27%Share
37ADAR1 Capital Management, LLC541,615$21.9B1.58%Share
38JPMORGAN CHASE & CO518,978$20.0B0.00%Share
39Blackstone Inc.476,754$19.3B0.08%Share
40BANK OF AMERICA CORP /DE/473,983$19.0B0.00%Share
41SUSQUEHANNA INTERNATIONAL GROUP, LLP469,600$18.0B0.00%Call
42RENAISSANCE TECHNOLOGIES LLC466,847$18.0B0.03%Share
43STEMPOINT CAPITAL LP429,198$17.3B2.97%Share
44Integral Health Asset Management, LLC425,000$17.2B0.85%Share
45Boxer Capital Management, LLC375,000$15.2B3.32%Share
46CITADEL ADVISORS LLC395,730$15.0B0.00%Share
47WELLINGTON MANAGEMENT GROUP LLP377,533$15.0B0.00%Share
48ExodusPoint Capital Management, LP375,673$15.0B0.12%Share
49Evergreen Quality Fund GP, Ltd.360,200$14.6B0.29%Share
50DIADEMA PARTNERS LP345,880$14.0B2.41%Share

TERN Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025246$3.1T+122
Q3 2025124$423.6B+11
Q2 2025113$190.6B-25
Q1 2025138$191.1B-15
Q4 2024153$603.0B+22
Q3 2024131$51.5T+20
Q2 2024111$45.5T+14
Q1 202497$171.1T—

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As of Q4 2025, 50 institutional investors hold TERN (Terns Pharmaceuticals, Inc.). The largest holder is ADAGE CAPITAL PARTNERS GP, L.L.C. with $224.0B in shares. This quarter, 9 institutions opened new positions and 6 closed their positions.

Frequently Asked Questions

How many hedge funds own TERN?

As of Q4 2025, 50 institutional investors report holding TERN (Terns Pharmaceuticals, Inc.) in their 13F filings.

Who is the largest institutional holder of TERN?

The largest institutional holder of TERN is ADAGE CAPITAL PARTNERS GP, L.L.C. with $224.0B in shares.

Is institutional ownership of TERN increasing or decreasing?

This quarter, 9 institutions opened new positions in TERN and 6 closed their positions.