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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
SGM
151
Seven Grand Managers
New York
$808K
Allianz Asset Management
152
Allianz Asset Management
Germany
$804K
ProShare Advisors
153
ProShare Advisors
Maryland
$794K
VPIM
154
Vanguard Personalized Indexing Management
California
$750K
Legal & General Group
155
Legal & General Group
United Kingdom
$730K
XT
156
XTX Topco
Cayman Islands
$688K
EGM
157
Engineers Gate Manager
New York
$677K
State Board of Administration of Florida Retirement System
158
State Board of Administration of Florida Retirement System
Florida
$675K
LPL Financial
159
LPL Financial
California
$671K
CUAMC
160
China Universal Asset Management Company
China
$601K
PR
161
PSP Research
Pennsylvania
$548K
GCP
162
GSA Capital Partners
United Kingdom
$536K
Verition Fund Management
163
Verition Fund Management
Connecticut
$516K
ET
164
Entropy Technologies
New York
$469K
GAM
165
Gotham Asset Management
New York
$464K
GCM
166
Graham Capital Management
Connecticut
$443K
NIM
167
NEOS Investment Management
Connecticut
$420K
DFCM
168
Dark Forest Capital Management
Puerto Rico
$419K
TE
169
Tema ETFs
New York
$414K
SCM
170
Sio Capital Management
New York
$408K
NA
171
NewEdge Advisors
Louisiana
$371K
FRM
172
Fox Run Management
Connecticut
$359K
Victory Capital Management
173
Victory Capital Management
Texas
$354K
Qube Research & Technologies (QRT)
174
Qube Research & Technologies (QRT)
United Kingdom
$310K
Envestnet Asset Management
175
Envestnet Asset Management
Illinois
$308K