TERNS PHARMACEUTICALS INC (TERN) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling TERN?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for TERNS PHARMACEUTICALS INC, showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on TERN?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for TERNS PHARMACEUTICALS INC.

Is institutional money flowing into TERN?

126 institutional investors hold TERNS PHARMACEUTICALS INC (TERN). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about TERN?

Track institutional sentiment and conviction scores for TERNS PHARMACEUTICALS INC (TERN) including Smart Money Verdict and position changes on HoldingsIntel.

TERNS PHARMACEUTICALS INC

TERN·880881107·US·equity·Healthcare - Biotechnology-Activist

TERN (TERNS PHARMACEUTICALS INC) is held by 126 institutional investors as of Q4 2025. Largest holders: BlackRock, Inc. ($331M), MORGAN STANLEY ($321M), ADAGE CAPITAL PARTNERS GP, L.L.C. ($224.2M). Net institutional sentiment: Bullish.

126

Holders

Avg rating(6 Elite)

$3.4B

Total Value

84% (131)

Fund Consensus

103 buying - 20 selling

Smart Money Verdict- Q4 2025View all

51Mixed MomentumSplit Signals

Held by 126 funds

6 elite

Who's Trading

InsiderKuriakose EmilSell $50KApr 1, 2026

Activist

13F: Dec 31, 2025Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
BlackRock, Inc.	Increased	8.2M(+47.6%)	$331M	0.0%	+146.20%	42
MORGAN STANLEY	Increased	7.9M(+4.7%)	$321M	0.0%	+574.24%	32
ADAGE CAPITAL PARTNERS GP, L.L.C.	Increased	5.6M(+40.9%)	$224.2M	0.3%	+153.15%	49
VANGUARD GROUP INC	Increased	5.5M(+21.1%)	$223.2M	0.0%	+209.62%	37
Avoro Capital Advisors LLC	New	4.4M	$175.7M	1.7%	+2.27%	71
JANUS HENDERSON GROUP PLC	New	3.4M	$136.5M	0.1%	+2.27%	42
CITADEL ADVISORS LLC	Increased	3.2M(+99.2%)	$127.9M	0.0%	+75.06%	49
Capitolis Liquid Global Markets LLC	New	3M	$123M	0.7%	+2.27%	59
Holocene Advisors, LP	New	2.8M	$112.1M	0.2%	+2.27%	50
FRANKLIN RESOURCES INC	Increased	2.7M(+113.8%)	$110.3M	0.0%	+77.42%	48
GEODE CAPITAL MANAGEMENT, LLC	Increased	2.1M(+22.3%)	$84.7M	0.0%	+201.48%	36
AMERIPRISE FINANCIAL INC	New	1.9M	$76.5M	0.0%	+2.27%	41
STATE STREET CORP	Increased	1.8M(+10.6%)	$71.7M	0.0%	+326.39%	33
JPMORGAN CHASE & CO	Increased	1.8M(+159.7%)	$71.6M	0.0%	+53.26%	48
Pictet Asset Management Holding SA	Increased	1.6M(+42.8%)	$63.7M	0.1%	+135.51%	40
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	New	1.5M	$61.2M	0.1%	+2.27%	49
TORONTO DOMINION BANK	New	1.4M	$56.6M	0.1%	+2.27%	41
Woodline Partners LP	Increased	1.4M(+371.6%)	$55.6M	0.2%	+24.21%	57
ALLIANCEBERNSTEIN L.P.	Increased	1.3M(+1286.5%)	$52M	0.0%	+9.04%	47
Candriam S.C.A.	Decreased	1.3M(-46.7%)	$51M	0.3%	+672.11%	0
DIMENSIONAL FUND ADVISORS LP	Decreased	1.2M(-14.3%)	$50.4M	0.0%	+611.52%	0
D. E. Shaw & Co., Inc.	New	1.2M	$46.6M	0.0%	+2.27%	40
Nuveen, LLC	Decreased	1.1M(-26.8%)	$43.6M	0.0%	+967.67%	0
GOLDMAN SACHS GROUP INC	Increased	1.1M(+94.4%)	$42.9M	0.0%	+81.39%	46
Capital International Investors	New	1.1M	$42.8M	0.0%	+2.27%	40
FMR LLC	Increased	1M(+1601.5%)	$41.5M	0.0%	+7.99%	47
MILLENNIUM MANAGEMENT LLC	Increased	987,306(+4.9%)	$39.9M	0.0%	+349.08%	31
BAKER BROS. ADVISORS LP	New	950,000	$38.4M	0.2%	+2.27%	48
BALYASNY ASSET MANAGEMENT L.P.	New	891,903	$36M	0.0%	+2.27%	40
MARSHALL WACE, LLP	New	878,583	$35.5M	0.0%	+2.27%	40
WELLINGTON MANAGEMENT GROUP LLP	Increased	788,659(+211.2%)	$31.9M	0.0%	+41.74%	47
Schonfeld Strategic Advisors LLC	Decreased	754,237(-60.1%)	$30.5M	0.1%	+508.60%	0
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	737,160(+26.4%)	$29.8M	0.0%	+186.25%	36
NORTHERN TRUST CORP	Increased	664,444(+13.1%)	$26.8M	0.0%	+248.30%	32
FARALLON CAPITAL MANAGEMENT LLC	New	642,000	$25.9M	0.1%	+2.27%	47
Invesco Ltd.	Increased	606,247(+26.9%)	$24.5M	0.0%	+191.37%	35
Point72 Asset Management, L.P.	New	573,700	$23.2M	0.0%	+2.27%	40
BANK OF AMERICA CORP /DE/	Decreased	553,609(-21.4%)	$22.4M	0.0%	+760.86%	0
Mariner, LLC	New	542,052	$21.9M	0.0%	+2.27%	39
Blackstone Inc.	New	476,754	$19.3M	0.1%	+2.27%	39
RENAISSANCE TECHNOLOGIES LLC	Decreased	466,847(-31.0%)	$18.9M	0.0%	+737.23%	0
DEUTSCHE BANK AG\	Increased	401,446(+5.4%)	$16.2M	0.0%	+317.73%	30
ExodusPoint Capital Management, LP	New	375,673	$15.2M	0.1%	+2.27%	47
UBS Group AG	Decreased	325,968(-66.5%)	$13.2M	0.0%	+916.93%	0
Bank of New York Mellon Corp	Increased	258,562(+24.2%)	$10.4M	0.0%	+197.22%	34
Russell Investments Group, Ltd.	Increased	247,027(+667.8%)	$10M	0.0%	+14.61%	45
AMERICAN CENTURY COMPANIES INC	Increased	192,751(+16.8%)	$7.8M	0.0%	+254.16%	32
BARCLAYS PLC	Increased	171,186(+31.3%)	$6.9M	0.0%	+197.04%	35
Trexquant Investment LP	Increased	150,049(+292.6%)	$6.1M	0.1%	+28.77%	44
CANADA PENSION PLAN INVESTMENT BOARD	Increased	144,800(+102x)	$5.8M	0.0%	+3.17%	44
Connor, Clark & Lunn Investment Management Ltd.	New	137,478	$5.6M	0.0%	+2.27%	37
VOYA INVESTMENT MANAGEMENT LLC	Increased	122,395(+795.6%)	$4.9M	0.0%	+12.45%	43
RHUMBLINE ADVISERS	Increased	106,241(+1.3%)	$4.3M	0.0%	+444.51%	27
Alyeska Investment Group, L.P.	New	100,000	$4M	0.0%	+2.27%	37
SCHRODER INVESTMENT MANAGEMENT GROUP	Decreased	99,360(-54.4%)	$4M	0.0%	+940.27%	0
WELLS FARGO & COMPANY/MN	Increased	96,308(+73.2%)	$3.9M	0.0%	+101.17%	40
Jain Global LLC	New	95,124	$3.8M	0.0%	+2.27%	37
FRED ALGER MANAGEMENT, LLC	New	89,872	$3.6M	0.0%	+2.27%	37
JANE STREET GROUP, LLC	Increased	88,837(+38.3%)	$3.6M	0.0%	+146.08%	35
Hudson Bay Capital Management LP	New	81,034	$3.3M	0.0%	+2.27%	37
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Increased	79,775(+220.1%)	$3.2M	0.0%	+36.77%	43
TD ASSET MANAGEMENT INC	New	78,624	$3.2M	0.0%	+2.27%	37
TUDOR INVESTMENT CORP ET AL	New	73,246	$3M	0.0%	+2.27%	36
Brevan Howard Capital Management LP	New	71,413	$2.9M	0.0%	+2.27%	36
GROUP ONE TRADING LLC	Increased	70,844(+131.0%)	$2.9M	0.0%	+57.29%	42
CITIGROUP INC	Increased	69,468(+450.8%)	$2.8M	0.0%	+21.29%	42
Quadrature Capital Ltd	New	67,266	$2.7M	0.0%	+2.27%	36
NEW YORK STATE COMMON RETIREMENT FUND	Increased	65,303(+271.6%)	$2.6M	0.0%	+30.03%	42
MetLife Investment Management, LLC	Increased	47,938(+5.1%)	$1.9M	0.0%	+471.81%	27
SEI INVESTMENTS CO	New	47,115	$1.9M	0.0%	+2.27%	36
AQR CAPITAL MANAGEMENT LLC	Increased	46,324(+15.3%)	$1.9M	0.0%	+362.42%	30
TWO SIGMA INVESTMENTS, LP	Increased	43,866(+28.9%)	$1.8M	0.0%	+210.10%	32
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Increased	39,786(+17.1%)	$1.6M	0.0%	+254.94%	30
Erste Asset Management GmbH	New	37,000	$1.5M	0.0%	+2.27%	35
PRUDENTIAL FINANCIAL INC	Decreased	34,300(-50.4%)	$1.4M	0.0%	+432.86%	0
INTECH INVESTMENT MANAGEMENT LLC	Increased	32,921(+6.2%)	$1.3M	0.0%	+468.94%	27
RAYMOND JAMES FINANCIAL INC	New	32,226	$1.3M	0.0%	+2.27%	35
Creative Planning	Increased	29,928(+86.6%)	$1.2M	0.0%	+80.35%	39
Walleye Capital LLC	New	28,057	$1.1M	0.0%	+2.27%	35
STATE OF WISCONSIN INVESTMENT BOARD	Decreased	25,874(-43.1%)	$1M	0.0%	+432.86%	0
Squarepoint Ops LLC	Increased	25,167(+97.6%)	$1M	0.0%	+89.02%	40
Police & Firemen's Retirement System of New Jersey	Increased	23,244(+5.4%)	$939,058	0.0%	+417.87%	26
STRS OHIO	New	21,800	$880,720	0.0%	+2.27%	34
BNP PARIBAS FINANCIAL MARKETS	Decreased	20,353(-76.4%)	$822,261	0.0%	+895.49%	0
Allianz Asset Management GmbH	New	18,500	$803,911	0.0%	+2.27%	34
ProShare Advisors LLC	Increased	19,654(+27.0%)	$794,022	0.0%	+186.76%	31
Vanguard Personalized Indexing Management, LLC	Increased	18,555(+5.1%)	$749,622	0.0%	+721.96%	26
Legal & General Group Plc	Increased	18,058(+190.1%)	$729,543	0.0%	+42.34%	40
XTX Topco Ltd	New	17,032	$688,093	0.0%	+2.27%	34
Engineers Gate Manager LP	New	16,765	$677,306	0.0%	+2.27%	34
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	New	16,710	$675,084	0.0%	+2.27%	34
LPL Financial LLC	New	16,609	$671,004	0.0%	+2.27%	34
Verition Fund Management LLC	New	12,765	$515,706	0.0%	+2.27%	33
Gotham Asset Management, LLC	New	11,476	$463,630	0.0%	+2.27%	33
NEOS Investment Management LLC	New	10,394	$419,918	0.0%	+2.27%	33
NewEdge Advisors, LLC	Increased	9,173(+240.0%)	$370,589	0.0%	+39.40%	38
VICTORY CAPITAL MANAGEMENT INC	New	8,764	$354,066	0.0%	+2.27%	33
Qube Research & Technologies Ltd	Decreased	7,664(-90.0%)	$309,626	0.0%	+659.39%	0
ENVESTNET ASSET MANAGEMENT INC	New	7,617	$307,727	0.0%	+2.27%	32
SUSQUEHANNA INTERNATIONAL GROUP, LLP	New	7,597	$306,919	0.0%	+2.27%	36
XPONANCE LLC	New	6,677	$269,751	0.0%	+2.27%	32
BLAIR WILLIAM & CO/IL	New	6,050	$244,420	0.0%	+2.27%	32
COMMONWEALTH EQUITY SERVICES, LLC	New	5,984	$241,750	0.0%	+2.27%	32
Quantinno Capital Management LP	New	5,846	$236,178	0.0%	+2.27%	32
CIBC WORLD MARKETS CORP	New	5,674	$229,230	0.0%	+2.27%	32
MACKENZIE FINANCIAL CORP	New	5,295	$214,501	0.0%	+2.27%	32
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Increased	5,280(+2.0%)	$213,312	0.0%	+385.42%	23
Rafferty Asset Management, LLC	New	5,241	$211,736	0.0%	+2.27%	32
CIBC Private Wealth Group LLC	Unchanged	5,000	$202,000	0.0%	+972.75%	0
US BANCORP \DE\	Increased	4,607(+751.6%)	$186,123	0.0%	+14.78%	37
Mirae Asset Global Investments Co., Ltd.	Increased	4,377(+29.4%)	$176,831	0.0%	+190.87%	28
NISA INVESTMENT ADVISORS, LLC	Decreased	3,398(-21.9%)	$137,279	0.0%	+930.92%	0
ROYAL BANK OF CANADA	Decreased	3,070(-80.5%)	$123,000	0.0%	+970.07%	0
OSAIC HOLDINGS, INC.	Increased	2,185(+8.7%)	$88,274	0.0%	+299.18%	23
PRICE T ROWE ASSOCIATES INC /MD/	Increased	974,312(+934.6%)	$39,363	0.0%	+10.81%	32
PNC FINANCIAL SERVICES GROUP, INC.	Decreased	936(-13.6%)	$37,814	0.0%	+815.18%	0
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	New	618	$24,967	0.0%	+2.27%	29
Allworth Financial LP	Increased	320(+40.4%)	$12,928	0.0%	+190.57%	23
Rockefeller Capital Management L.P.	Increased	274(+334.9%)	$11,070	0.0%	+25.60%	19
MAI Capital Management	Unchanged	189	$7,636	0.0%	+650.63%	0
FEDERATED HERMES, INC.	New	169	$6,828	0.0%	+2.27%	24
HRT FINANCIAL LP	New	124,709	$5,038	0.0%	+2.27%	21
COMERICA BANK	New	105	$4,242	0.0%	+2.27%	22
Farther Finance Advisors, LLC	New	2	$81	0.0%	+2.27%	17
Optiver Holding B.V.	Exited	0(-100.0%)	$3,425	0.0%	+421.05%	0
JACOBS LEVY EQUITY MANAGEMENT, INC	Exited	0(-100.0%)	$1M	0.0%	+1290.07%	0
EXCHANGE TRADED CONCEPTS, LLC	Exited	0(-100.0%)	$912,127	0.0%	+639.21%	0
ZACKS INVESTMENT MANAGEMENT	Exited	0(-100.0%)	$271,111	0.0%	+558.98%	0
NOMURA ASSET MANAGEMENT CO LTD	Unchanged	0	$0	0.0%	+432.86%	0
ALPS ADVISORS INC	Exited	0(-100.0%)	$320,151	0.0%	+959.79%	0

TERNS PHARMACEUTICALS INC

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