Terns Pharmaceuticals, Inc. (TERN) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

91,701,529Shares Outstanding

119,595,002Shares held by institutions

$6,331,359,406Value of institutional holdings

130.42%Institutional ownership %

35.37%Shares Changed QoQ

243No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

Terns Pharmaceuticals, Inc. (NASDAQ:TERN) has 242 institutional investors that have filed 13F reports for the period ending December 2025.

They owned 124.4% of outstanding stock in December 2025, up from 98.3% the prior quarter.
They increased total shares held in Terns Pharmaceuticals by 29.43% from the prior quarter, while the number of investors in TERN increased 54.14% year over year.
Of these 242 funds, 190 grew their exposure to Terns Pharmaceuticals, 42 cut back, and 10 maintained positions.
Combined, these investors held 114.05Mn shares in TERN for December 2025, up by 25.93Mn shares quarter on quarter, and up 20.07Mn shares year over year.
As of December 31, 2025, the biggest holder of Terns Pharmaceuticals is Pictet Asset Management Holding SA at 1.66Mn shares, representing 1.81% of shares outstanding.
The biggest buyers of Terns Pharmaceuticals for the quarter ending December 2025 included CIBRA Capital Ltd (151.44K), ALPINE ASSOCIATES MANAGEMENT INC. (142.25K), Pictet Asset Management Holding SA (78.46K), FNY Investment Advisers, LLC (54.72K), Cannon Global Investment Management, LLC (9.0K).
The largest sales of TERN for the quarter ending December 2025 came from SG Americas Securities, LLC (21.08K), STRS OHIO (5.1K), Sterling Capital Management LLC (1.76K), Fortitude Family Office, LLC (269).
Business Quant data shows the 10 biggest positions in Terns Pharmaceuticals as of December 2025 are held by Pictet Asset Management Holding SA (1.66Mn), CIBRA Capital Ltd (151.44K), ALPINE ASSOCIATES MANAGEMENT INC. (142.25K), FNY Investment Advisers, LLC (56.72K), SG Americas Securities, LLC (22.77K), E. Ohman J:or Asset Management AB (22.15K), STRS OHIO (16.7K), Cannon Global Investment Management, LLC (9.0K), OPPENHEIMER ASSET MANAGEMENT INC. (4.74K), WEALTH ENHANCEMENT ADVISORY SERVICES, LLC (4.01K).

243 Institutional Holders

119,595,002 Total Shares Held

Rows:

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Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
BlackRock, Inc.	31 Dec, 2025	8,194,218	2,642,910	47.61%	$331,046,406.00
Morgan Stanley	31 Dec, 2025	7,945,608	356,513	4.70%	$321,002,599.00
ADAGE CAPITAL PARTNERS GP, L.L.C.	31 Dec, 2025	5,550,000	1,611,000	40.90%	$224,220,000.00
VANGUARD GROUP INC	31 Dec, 2025	5,523,948	964,031	21.14%	$223,167,499.00
Vivo Capital, LLC	31 Dec, 2025	5,346,928	-1,548,818	-22.46%	$216,015,891.00
Vestal Point Capital, LP	31 Dec, 2025	4,500,000	4,500,000	0.00%	$181,800,000.00
Avoro Capital Advisors LLC	31 Dec, 2025	4,350,000	4,350,000	0.00%	$175,740,000.00
Janus Henderson Group Plc	31 Dec, 2025	3,379,569	3,379,569	0.00%	$136,495,568.00
CITADEL ADVISORS LLC	31 Dec, 2025	3,166,642	1,577,308	99.24%	$127,932,337.00
Holocene Advisors, LP	31 Dec, 2025	2,775,493	2,775,493	0.00%	$112,129,917.00
Franklin Resources Inc	31 Dec, 2025	2,731,312	1,453,849	113.81%	$110,345,002.00
LORD, ABBETT & CO. LLC	31 Dec, 2025	2,712,399	2,712,399	0.00%	$109,581.00
ORBIMED ADVISORS LLC	31 Dec, 2025	2,153,300	-5,409,671	-71.53%	$86,993,320.00
Goldman Sachs Group Inc	31 Dec, 2025	2,125,968	1,579,139	288.78%	$85,889,106.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	2,096,642	382,090	22.29%	$84,723,240.00
Ameriprise Financial Inc	31 Dec, 2025	1,894,381	1,894,381	0.00%	$76,533,050.00
State Street Corp	31 Dec, 2025	1,775,922	170,229	10.60%	$71,747,249.00
Jpmorgan Chase & Co	31 Dec, 2025	1,773,026	407,610	29.85%	$71,630,251.00
ACORN CAPITAL ADVISORS, LLC	31 Dec, 2025	1,746,264	-225,000	-11.41%	$70,549,066.00
Nearwater Capital Markets, Ltd	31 Dec, 2025	1,704,800	1,704,800	0.00%	$68,873,920.00

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