Terns Pharmaceuticals, Inc. (TERN) — Institutional Holders, Q2 2026
2 institutional investment managers reported a TERN position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $659.7K. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
TERN in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
None this quarter.
Biggest sellers
- BlackRockSold out · -9,569,585 sh-$506.7M
- MORGAN STANLEYSold out · -6,449,140 sh-$341.5M
- Avoro Capital AdvisorsSold out · -5,695,000 sh-$301.6M
- VANGUARD CAPITAL MANAGEMENTSold out · -4,355,482 sh-$230.6M
- Holocene AdvisorsSold out · -4,115,828 sh-$217.9M
TERN 13F holders ranked 1–2 of 2
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | MIZUHO SECURITIES USA#1 · 11,083 sh | 11,083 | $584.3K | <0.01% | 0.0% |
| 2 | IFP Advisors#2 · 1,424 sh | 1,424 | $75.4K | — | 0.0% |
Funds that sold out of TERN in Q2 2026 (310)
Held TERN at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| BlackRock9,569,585 sh | 9,569,585 | $504.5M |
| MORGAN STANLEY6,449,140 sh | 6,449,140 | $340.0M |
| Avoro Capital Advisors5,695,000 sh | 5,695,000 | $300.2M |
| VANGUARD CAPITAL MANAGEMENT4,355,482 sh | 4,355,482 | $229.6M |
| Holocene Advisors4,115,828 sh | 4,115,828 | $217.0M |
| CITADEL ADVISORS3,218,810 sh | 3,218,810 | $169.7M |
| MILLENNIUM MANAGEMENT3,011,558 sh | 3,011,558 | $158.8M |
| HBK INVESTMENTS L P2,950,000 sh | 2,950,000 | $155.5M |
| JPMORGAN CHASE2,869,728 sh | 2,869,728 | $151.8M |
| LORD, ABBETT2,812,938 sh | 2,812,938 | $148.3M |
| BALYASNY ASSET MANAGEMENT L.P.2,779,445 sh | 2,779,445 | $146.5M |
| FRANKLIN RESOURCES2,409,019 sh | 2,409,019 | $127.0M |
| GEODE CAPITAL MANAGEMENT2,316,544 sh | 2,316,544 | $122.2M |
| GLAZER CAPITAL2,295,498 sh | 2,295,498 | $121.0M |
| Paradigm Biocapital Advisors2,216,499 sh | 2,216,499 | $116.9M |
| Nearwater Capital Markets, Ltd2,150,400 sh | 2,150,400 | $113.4M |
| STATE STREET2,139,662 sh | 2,139,662 | $112.8M |
| ADAGE CAPITAL PARTNERS GP, L.L.C.2,124,817 sh | 2,124,817 | $112.0M |
| CAPITOLIS LIQUID GLOBAL MARKETS1,975,800 sh | 1,975,800 | $104.2M |
| ACORN CAPITAL ADVISORS1,746,264 sh | 1,746,264 | $92.1M |
| Pictet Asset Management Holding SA1,655,575 sh | 1,655,575 | $87.3M |
| Logos Global Management1,500,000 sh | 1,500,000 | $79.1M |
| Ikarian Capital1,456,378 sh | 1,456,378 | $76.8M |
| Capital International Investors1,424,504 sh | 1,424,504 | $75.1M |
| Vivo Capital1,334,418 sh | 1,334,418 | $70.4M |
| DIMENSIONAL FUND ADVISORS1,247,845 sh | 1,247,845 | $65.8M |
| UBS Group AG1,228,726 sh | 1,228,726 | $64.8M |
| GOLDMAN SACHS GROUP1,106,961 sh | 1,106,961 | $58.4M |
| Deep Track Capital1,073,877 sh | 1,073,877 | $56.6M |
| WHITEBOX ADVISORS1,000,001 sh | 1,000,001 | $52.7M |
| Vestal Point Capital1,000,000 sh | 1,000,000 | $52.7M |
| MARSHALL WACE, LLP927,600 sh | 927,600 | $48.9M |
| HEALTHCARE OF ONTARIO PENSION PLAN FUND924,562 sh | 924,562 | $48.7M |
| ADAR1 Capital Management914,699 sh | 914,699 | $48.2M |
| NEXPOINT ASSET MANAGEMENT, L.P.904,200 sh | 904,200 | $47.7M |
| First Capital Management L.P.904,161 sh | 904,161 | $47.7M |
| Fort Baker Capital Management822,000 sh | 822,000 | $43.3M |
| BANK OF AMERICA811,636 sh | 811,636 | $42.8M |
| NORTHERN805,236 sh | 805,236 | $42.5M |
| Verition Fund Management802,293 sh | 802,293 | $42.3M |
| ALLIANCEBERNSTEIN L.P.1,032,679 sh | 1,032,679 | $41.7M |
| TORONTO DOMINION BANK781,800 sh | 781,800 | $41.2M |
| Nuveen772,592 sh | 772,592 | $40.7M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT747,377 sh | 747,377 | $39.4M |
| Polar Asset Management Partners725,000 sh | 725,000 | $38.2M |
| VANGUARD PORTFOLIO MANAGEMENT722,389 sh | 722,389 | $38.1M |
| Fiera Capital711,326 sh | 711,326 | $37.5M |
| BARCLAYS PLC669,601 sh | 669,601 | $35.3M |
| PRICE T ROWE ASSOCIATES634,496 sh | 634,496 | $33.5M |
| Candriam S.C.A.631,636 sh | 631,636 | $33.3M |
| NEXTBio Capital Management604,534 sh | 604,534 | $31.9M |
| VANGUARD FIDUCIARY573,997 sh | 573,997 | $30.3M |
| Affinity Asset Advisors562,631 sh | 562,631 | $29.7M |
| Mariner557,361 sh | 557,361 | $29.4M |
| Qube Research & Technologies Ltd537,884 sh | 537,884 | $28.4M |
| Octagon Capital Advisors530,000 sh | 530,000 | $27.9M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP521,571 sh | 521,571 | $27.5M |
| Jones Hill Capital521,237 sh | 521,237 | $27.5M |
| TIG Advisors511,191 sh | 511,191 | $26.9M |
| Melqart Asset Management (UK) Ltd507,187 sh | 507,187 | $26.7M |
| JENNISON ASSOCIATES501,419 sh | 501,419 | $26.4M |
| ACUTA CAPITAL PARTNERS495,772 sh | 495,772 | $26.1M |
| BOOTHBAY FUND MANAGEMENT486,170 sh | 486,170 | $25.6M |
| Neuberger Berman Group480,740 sh | 480,740 | $25.3M |
| Beryl Capital Management478,755 sh | 478,755 | $25.2M |
| SAMLYN CAPITAL472,472 sh | 472,472 | $24.9M |
| KVP Capital Advisors440,000 sh | 440,000 | $23.2M |
| Slotnik Capital420,700 sh | 420,700 | $22.2M |
| Eagle Health Investments412,497 sh | 412,497 | $21.7M |
| Catalio Capital Management409,031 sh | 409,031 | $21.6M |
| LMR Partners LLP400,000 sh | 400,000 | $21.1M |
| Connor, Clark & Lunn Investment Management Ltd.384,681 sh | 384,681 | $20.3M |
| Sculptor Capital380,000 sh | 380,000 | $20.0M |
| WELLINGTON MANAGEMENT GROUP LLP375,505 sh | 375,505 | $19.8M |
| Maven Securities LTD375,000 sh | 375,000 | $19.8M |
| Boxer Capital Management375,000 sh | 375,000 | $19.8M |
| Hudson Bay Capital Management360,878 sh | 360,878 | $19.0M |
| First Turn Management326,694 sh | 326,694 | $17.2M |
| SOROS FUND MANAGEMENT321,905 sh | 321,905 | $17.0M |
| SummitTX Capital, L.P.312,181 sh | 312,181 | $16.5M |
| DAVIDSON KEMPNER CAPITAL MANAGEMENT311,623 sh | 311,623 | $16.4M |
| Invesco Ltd.304,487 sh | 304,487 | $16.1M |
| Cormorant Asset Management300,000 sh | 300,000 | $15.8M |
| Atika Capital Management300,000 sh | 300,000 | $15.8M |
| Monashee Investment Management300,000 sh | 300,000 | $15.8M |
| Ensign Peak Advisors299,199 sh | 299,199 | $15.8M |
| FMR295,622 sh | 295,622 | $15.6M |
| Man Group plc284,931 sh | 284,931 | $15.0M |
| Bank of New York Mellon281,667 sh | 281,667 | $14.8M |
| Magnetar Financial281,614 sh | 281,614 | $14.8M |
| Squarepoint Ops275,350 sh | 275,350 | $14.5M |
| GABELLI FUNDS271,857 sh | 271,857 | $14.3M |
| TUDOR INVESTMENT ET AL267,520 sh | 267,520 | $14.1M |
| HARVEST MANAGEMENT257,500 sh | 257,500 | $13.6M |
| Russell Investments Group, Ltd.244,898 sh | 244,898 | $12.9M |
| Blackstone231,282 sh | 231,282 | $12.2M |
| Absolute Gestao de Investimentos Ltda.230,000 sh | 230,000 | $12.1M |
| GABELLI & INVESTMENT ADVISERS205,700 sh | 205,700 | $10.8M |
| Prosight Management202,300 sh | 202,300 | $10.7M |
| D. E. Shaw201,191 sh | 201,191 | $10.6M |
And 210 smaller positions.
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.