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Terns Pharmaceuticals

246 hedge funds and large institutions have $4.95B invested in Terns Pharmaceuticals in 2025 Q4 according to their latest regulatory filings, with 123 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: 140246 (+106)

71% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 42

34.81% more ownership

Funds ownership: 101.28%136.09% (+35%)

Holders
246
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
19
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
PA
176
Profund Advisors
Maryland
$293K
AC
177
AXQ Capital
New Jersey
$286K
AIP
178
Ameritas Investment Partners
Nebraska
$281K
X
179
Xponance
Pennsylvania
$270K
AHL
180
Abel Hall LLC
Louisiana
$258K
William Blair & Company
181
William Blair & Company
Illinois
$244K
Commonwealth Equity Services
182
Commonwealth Equity Services
Massachusetts
$242K
AIP
183
Arrowpoint Investment Partners
Singapore
$240K
VIA
184
Virtus Investment Advisers
Connecticut
$239K
SRL
185
Scientech Research LLC
New Jersey
$238K
QCM
186
Quantinno Capital Management
New York
$236K
CWM
187
CIBC World Markets
New York
$229K
WG
188
Winton Group
United Kingdom
$226K
Mackenzie Financial
189
Mackenzie Financial
Ontario, Canada
$215K
California State Teachers Retirement System (CalSTRS)
190
California State Teachers Retirement System (CalSTRS)
California
$213K
Rafferty Asset Management
191
Rafferty Asset Management
New York
$212K
EC
192
EntryPoint Capital
New York
$206K
DAM
193
DLD Asset Management
New York
$202K
CIBC Private Wealth Group
194
CIBC Private Wealth Group
Georgia
$202K
SCM
195
Sterling Capital Management
North Carolina
$200K
US Bancorp
196
US Bancorp
Minnesota
$186K
Mirae Asset Global Investments
197
Mirae Asset Global Investments
South Korea
$177K
Nisa Investment Advisors
198
Nisa Investment Advisors
Missouri
$137K
Royal Bank of Canada
199
Royal Bank of Canada
Ontario, Canada
$123K
Carson Wealth (CWM LLC)
200
Carson Wealth (CWM LLC)
Nebraska
$113K