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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
EI
101
EAM Investors
California
$4.4M
RSCM
102
Rock Springs Capital Management
Maryland
$4.38M
RhumbLine Advisers
103
RhumbLine Advisers
Massachusetts
$4.29M
Alyeska Investment Group
104
Alyeska Investment Group
Illinois
$4.04M
Schroder Investment Management Group
105
Schroder Investment Management Group
United Kingdom
$4.03M
Wells Fargo
106
Wells Fargo
California
$3.89M
JG
107
Jain Global
New York
$3.84M
PM
108
Prosight Management
Texas
$3.84M
FAM
109
Fred Alger Management
New York
$3.63M
Jane Street
110
Jane Street
New York
$3.59M
Hudson Bay Capital Management
111
Hudson Bay Capital Management
Connecticut
$3.27M
Manulife (Manufacturers Life Insurance)
112
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$3.23M
TD Asset Management
113
TD Asset Management
Ontario, Canada
$3.18M
Tudor Investment Corp
114
Tudor Investment Corp
Connecticut
$2.96M
BHCM
115
Brevan Howard Capital Management
Jersey
$2.89M
Group One Trading
116
Group One Trading
Illinois
$2.86M
CCM
117
Cinctive Capital Management
New York
$2.83M
VCIM
118
Velan Capital Investment Management
Georgia
$2.83M
Citigroup
119
Citigroup
New York
$2.81M
QC
120
Quadrature Capital
United Kingdom
$2.72M
New York State Common Retirement Fund
121
New York State Common Retirement Fund
New York
$2.64M
ACM
122
Aquatic Capital Management
Illinois
$1.94M
MIM
123
MetLife Investment Management
New Jersey
$1.94M
SEI Investments
124
SEI Investments
Pennsylvania
$1.9M
AQR Capital Management
125
AQR Capital Management
Connecticut
$1.87M