VCIM
TERN

Velan Capital Investment Management’s Terns Pharmaceuticals TERN Stock Holding History

Velan Capital Investment 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 		– Sell
-70,000
Closed -$2.83M – 54
2025
Q4 		$2.83M Buy
70,000
+50,000
+250% +$1.16M 1.64% 17
2025
Q3 		$150K Hold
20,000
– – 0.14% 34
2025
Q2 		$74.6K Buy
20,000
+3,000
+18% +$9.37K 0.07% 40
2025
Q1 		$46.9K Hold
17,000
– – 0.05% 40
2024
Q4 		$94.2K Buy
+17,000
New +$115K 0.08% 28
2023
Q2 		– Sell
-120,000
Closed -$1.42M – 38
2023
Q1 		$1.42M Buy
120,000
+109,354
+1,027% +$1.05M 1.21% 17
2022
Q4 		$108K Buy
+10,646
New +$70.9K 0.1% 28

Other funds holding TERN

BlackRock
BlackRock New York $6.73T AUM 46.02% 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

Velan Capital Investment Management's TERN Position: Q1 2026 in Review

Velan Capital Investment Management sold out of Terns Pharmaceuticals (TERN) in Q1 2026, closing a stake of 70,000 shares — an estimated $2.83M sold.

Velan Capital Investment Management first reported a position in TERN in Q4 2022 and held it in 7 quarters. The position peaked at $2.83M in Q4 2025. 317 funds tracked by Wall St. Rank hold TERN as of Q1 2026.

  • Velan Capital Investment Management reported no remaining Terns Pharmaceuticals position as of Q1 2026 after selling out during the quarter.
  • Velan Capital Investment Management sold 70,000 Terns Pharmaceuticals shares in Q1 2026, an estimated $2.83M.
  • Velan Capital Investment Management first reported a position in Terns Pharmaceuticals in Q4 2022 and held it in 7 quarters.
  • Velan Capital Investment Management's Terns Pharmaceuticals position peaked at $2.83M in Q4 2025.
  • 317 funds tracked by Wall St. Rank held Terns Pharmaceuticals as of Q1 2026.

Based on Velan Capital Investment Management's 13F filing for Q1 2026, filed 15 May 2026.