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Terns Pharmaceuticals

247 hedge funds and large institutions have $5.07B invested in Terns Pharmaceuticals in 2025 Q4 according to their latest regulatory filings, with 124 funds opening new positions, 72 increasing their positions, 42 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

more capital invested

Capital invested by funds: $ → $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more call options, than puts

Call options by funds: $ | Put options by funds: $

more funds holding in top 10

Funds holding in top 10:

76% more funds holding

Funds holding: 140247 (+107)

71% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 42

38.09% more ownership

Funds ownership: 101.28%139.37% (+38%)

Holders
247
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
18
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$61.1M
Puts
$11.9M
Net Calls
Net Calls Change

Top Buyers

1 +$104M
2 +$101M
3 +$78.1M
4
CLGM
Capitolis Liquid Global Markets
New York
+$70.4M
5
Holocene Advisors
Holocene Advisors
New York
+$64.1M

Top Sellers

1 -$183M
2 -$155M
3 -$125M
4
CC
Commodore Capital
New York
-$97.6M
5
VC
Vivo Capital
California
-$35.8M
Name Holding Trade Value Shares
Change
Change in
Stake
PSC
76
Patient Square Capital
California
$12.9M
TECP
77
Trails Edge Capital Partners
Georgia
$12.1M
EHI
78
Eagle Health Investments
Connecticut
$11.1M
Bank of New York Mellon
79
Bank of New York Mellon
New York
$10.4M
Russell Investments Group
80
Russell Investments Group
United Kingdom
$9.98M
SC
81
SummitTX Capital
Texas
$8.72M
SCM
82
Soleus Capital Management
Connecticut
$8.59M
JGC
83
J. Goldman & Co
New York
$8.21M
MIM
84
Monashee Investment Management
Massachusetts
$7.97M
American Century Companies
85
American Century Companies
Missouri
$7.79M
SCM
86
Squadron Capital Management
Illinois
$7.68M
Acadian Asset Management
87
Acadian Asset Management
Massachusetts
$7.63M
HS
88
HighVista Strategies
Massachusetts
$7.09M
AC
89
Armistice Capital
New York
$6.97M
Barclays
90
Barclays
United Kingdom
$6.92M
NIP
91
Nicholas Investment Partners
California
$6.7M
CFM
92
Capricorn Fund Managers
United Kingdom
$6.12M
TI
93
Trexquant Investment
Connecticut
$6.06M
Canada Pension Plan Investment Board
94
Canada Pension Plan Investment Board
Ontario, Canada
$5.85M
Connor, Clark & Lunn Investment Management (CC&L)
95
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$5.55M
CCM
96
Catalio Capital Management
New York
$5.53M
HF
97
HRT Financial
New York
$5.04M
VOYA Investment Management
98
VOYA Investment Management
Georgia
$4.94M
PAP
99
Persistent Asset Partners
Hong Kong
$4.59M
PIM
100
Platinum Investment Management
Australia
$4.47M