Terns Pharmaceuticals, Inc. (TERN) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

25,133,645Shares Outstanding

8,708,490Shares held by institutions

$344,682,034Value of institutional holdings

58.58%Institutional ownership %

3.13%Shares Changed QoQ

43No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

According to SEC filings for the period ending December 2025, Terns Pharmaceuticals, Inc. (NASDAQ:TERN) is held by 235 institutional firms.

Terns Pharmaceuticals saw its institutional ownership percentage rose to 123.6% in December 2025 from 96.1% in September 2025.
Institutional share ownership changed by 32.47% QoQ, while the number of institutional owners saw an increase of 49.68% YoY.
Of these 235 institutional investors, 184 increased their holdings in Terns Pharmaceuticals, while 42 of them reduced positions, and 9 investors maintained their exposure.
This class of investors increased its holdings in Terns Pharmaceuticals to 114.41Mn shares for the 13F-cycle ending December 2025, up by 28.04Mn shares quarter on quarter, and up 28.23Mn shares year over year.
BlackRock, Inc.'s holding of 8.19Mn shares as of December 31, 2025 makes it the primary institutional investor in Terns Pharmaceuticals, owning 8.85% of the stock.
Among the most significant buyers of Terns Pharmaceuticals during December 2025 were Vestal Point Capital, LP (4.50Mn), JANUS HENDERSON GROUP PLC (3.38Mn), Capitolis Liquid Global Markets LLC (3.05Mn), Holocene Advisors, LP (2.78Mn), LORD, ABBETT & CO. LLC (2.71Mn).
Leading sellers of Terns Pharmaceuticals stock in December 2025 included Soleus Capital Management, L.P. (7.91Mn), Deep Track Capital, LP (6.73Mn), ORBIMED ADVISORS LLC (5.41Mn), Commodore Capital LP (4.22Mn), Vivo Capital, LLC (1.55Mn).
The top 10 institutional holders of Terns Pharmaceuticals for the quarter ending December 2025 included BlackRock, Inc. (8.19Mn), MORGAN STANLEY (7.95Mn), ADAGE CAPITAL PARTNERS GP, L.L.C. (5.55Mn), VANGUARD GROUP INC (5.52Mn), Vivo Capital, LLC (5.35Mn), Vestal Point Capital, LP (4.50Mn), JANUS HENDERSON GROUP PLC (3.38Mn), CITADEL ADVISORS LLC (3.17Mn), Capitolis Liquid Global Markets LLC (3.05Mn), Holocene Advisors, LP (2.78Mn).

235 Institutional Holders

8,708,490 Total Shares Held

Rows:

Download Data

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
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
Capitolis Liquid Global Markets LLC	31 Dec, 2025	3,045,200	3,045,200	0.00%	$123,026,080.00
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
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	1,090,318	159.70%	$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
Pictet Asset Management Holding SA	31 Dec, 2025	1,577,116	472,912	42.83%	$63,745,572.00

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