FTM
TERN

First Turn Management’s Terns Pharmaceuticals TERN Stock Holding History

First Turn Management’s Portfolio TERN Stock Details TERN Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$17.2M Sell
326,694
-545,355
-63% -$22.4M 1.92% 26
2025
Q4 		$35.2M Buy
+872,049
New +$20.2M 4.03% 10

Other funds holding TERN

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
ACA
Avoro Capital Advisors New York $10.2B AUM 149.19% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Holocene Advisors
Holocene Advisors New York $41.5B AUM 42.97% 1-Year Est. Return
Citadel Advisors
Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return
Millennium Management
Millennium Management New York $240B AUM 35.51% 1-Year Est. Return
HI
HBK Investments Dallas, Texas $9.85B AUM 55.6% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return
Lord, Abbett & Co
Lord, Abbett & Co Jersey City, New Jersey $30.6B AUM 57.44% 1-Year Est. Return

First Turn Management's TERN Position: Q1 2026 in Review

First Turn Management reduced its Terns Pharmaceuticals (TERN) stake by 63% in Q1 2026, selling an estimated $22.4M and leaving 326,694 shares worth $17.2M. The position accounts for 1.92% of the portfolio, ranked #26.

First Turn Management first reported a position in TERN in Q4 2025 and has held it in 2 quarters since. The position peaked at $35.2M in Q4 2025. 317 funds tracked by Wall St. Rank hold TERN as of Q1 2026.

  • First Turn Management held 326,694 shares of Terns Pharmaceuticals worth $17.2M as of Q1 2026.
  • First Turn Management sold 545,355 Terns Pharmaceuticals shares in Q1 2026, an estimated $22.4M.
  • Terns Pharmaceuticals made up 1.92% of First Turn Management's portfolio in Q1 2026, its #26 holding.
  • First Turn Management first reported a position in Terns Pharmaceuticals in Q4 2025 and has held it in 2 quarters since.
  • First Turn Management's Terns Pharmaceuticals position peaked at $35.2M in Q4 2025.
  • 317 funds tracked by Wall St. Rank held Terns Pharmaceuticals as of Q1 2026.

Based on First Turn Management's 13F filing for Q1 2026, filed 15 May 2026.