TERN
Terns Pharmaceuticals, Inc. · Healthcare · Biotechnology
Momentum inputs (comparable managers):
holder breadth +15.4% ·
share flow +1.0% ·
net new positions +12.4%
— formula
Broad accumulation — rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2026
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q1 2026 | 105 | +14 | 70.88M | $3.72B | +22 | −9 |
| Q4 2025 | 91 | +4 | 71.76M | $2.90B | +5 | — |
| Q3 2025 | 16 | 0 | 30.56M | $229.52M | — | — |
| Q2 2025 | 13 | 0 | 20.60M | $76.83M | +2 | −2 |
| Q1 2025 | 10 | -3 | 10.19M | $28.12M | — | −3 |
| Q4 2024 | 13 | +2 | 13.10M | $72.60M | +2 | — |
| Q3 2024 | 10 | -1 | 11.63M | $97.00M | — | −1 |
| Q2 2024 | 11 | — | 7.84M | $53.39M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 9.57M | +16.8% | $504.51M | 0.0% | ▲ Add | 4 | SEC ↗ ×15 |
| 2 | Morgan Stanley ✦ | 6.45M | -18.8% | $340.00M | 0.0% | ▼ Trim | 3 | SEC ↗ ×7 |
| 3 | Vanguard Capital Management Llc | 4.36M | — | $229.62M | 0.0% | n/c | 1 | SEC ↗ |
| 4 | Holocene Advisors, LP | 4.12M | +48.3% | $216.99M | 0.5% | ▲ Add | 2 | SEC ↗ |
| 5 | Citadel Advisors ✦ | 3.22M | +1.6% | $169.70M | 0.1% | ▲ Add | 8 | SEC ↗ ×2 |
| 6 | Millennium Management ✦ | 3.01M | +205.0% | $158.77M | 0.1% | ▲ Add | 8 | SEC ↗ |
| 7 | JPMorgan Chase ✦ | 2.87M | +61.9% | $151.75M | 0.0% | ▲ Add | 3 | SEC ↗ ×9 |
| 8 | Balyasny Asset Management L.P. | 2.78M | +211.6% | $146.53M | 0.3% | ▲ Add | 2 | SEC ↗ |
| 9 | Franklin Resources Inc | 2.41M | -11.8% | $127.00M | 0.0% | ▼ Trim | 2 | SEC ↗ ×6 |
| 10 | Geode Capital Management ✦ (passive) | 2.32M | +10.5% | $122.15M | 0.0% | ▲ Add | 8 | SEC ↗ ×2 |
| 11 | State Street Global Advisors ✦ (passive) | 2.14M | +20.5% | $112.80M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 12 | Adage Capital Partners ✦ | 2.12M | -61.7% | $112.02M | 0.2% | ▼ Trim | 4 | SEC ↗ |
| 13 | Pictet Asset Management Holding SA | 1.66M | +5.0% | $87.29M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 14 | Janus Henderson Group Plc | 1.47M | -56.5% | $77.51M | 0.0% | ▼ Trim | 2 | SEC ↗ ×2 |
| 15 | Capital International Investors | 1.42M | +34.4% | $75.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 16 | Dimensional Fund Advisors Lp | 1.25M | 0.0% | $65.79M | 0.0% | ▲ Add | 2 | SEC ↗ ×5 |
| 17 | UBS Group AG | 1.23M | +276.9% | $64.78M | 0.0% | ▲ Add | 2 | SEC ↗ ×4 |
| 18 | Goldman Sachs Group ✦ | 1.11M | +4.1% | $58.36M | 0.0% | ▲ Add | 3 | SEC ↗ ×2 |
| 19 | Marshall Wace ✦ | 927.60K | +5.6% | $48.90M | 0.1% | ▲ Add | 2 | SEC ↗ ×3 |
| 20 | Healthcare Of Ontario Pension Plan… | 924.56K | -39.0% | $48.74M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 21 | Bank Of America Corp /De/ | 811.64K | +46.6% | $42.79M | 0.0% | ▲ Add | 2 | SEC ↗ ×4 |
| 22 | Northern Trust Corp | 805.24K | +21.2% | $42.45M | 0.0% | ▲ Add | 2 | SEC ↗ ×5 |
| 23 | Alliancebernstein L.P. | 1.03M | -19.8% | $41.72M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 24 | Toronto Dominion Bank | 781.80K | -44.2% | $41.22M | 0.1% | ▼ Trim | 2 | SEC ↗ ×2 |
| 25 | Nuveen, LLC | 772.59K | -28.3% | $40.73M | 0.0% | ▼ Trim | 2 | SEC ↗ ×3 |
| 26 | Charles Schwab Investment… | 747.38K | +1.4% | $39.40M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 27 | Barclays Plc | 669.60K | +291.1% | $35.30M | 0.0% | ▲ Add | 2 | SEC ↗ ×3 |
| 28 | T. Rowe Price ✦ | 634.50K | -34.9% | $33.45M | 0.0% | ▼ Trim | 8 | SEC ↗ ×2 |
| 29 | Mariner, LLC | 557.36K | +2.8% | $29.38M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 30 | Qube Research & Technologies Ltd | 537.88K | +6918.3% | $28.36M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 31 | Susquehanna International Group, Llp | 521.57K | +6765.5% | $27.50M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 32 | Jennison Associates Llc | 501.42K | New | $26.43M | 0.0% | New | 1 | SEC ↗ |
| 33 | Neuberger Berman Group LLC | 480.74K | New | $25.34M | 0.0% | New | 1 | SEC ↗ ×2 |
| 34 | LMR Partners LLP | 400.00K | New | $21.09M | 0.2% | New | 1 | SEC ↗ |
| 35 | Connor, Clark & Lunn Investment… | 384.68K | +179.8% | $20.28M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 36 | Wellington Management ✦ | 375.50K | -52.4% | $19.80M | 0.0% | ▼ Trim | 8 | SEC ↗ ×6 |
| 37 | Soros Fund Management ✦ | 321.90K | New | $16.97M | 0.3% | New | 1 | SEC ↗ |
| 38 | Invesco Ltd. | 304.49K | -49.8% | $16.05M | 0.0% | ▼ Trim | 2 | SEC ↗ ×4 |
| 39 | Ensign Peak Advisors, Inc | 299.20K | New | $15.77M | 0.0% | New | 1 | SEC ↗ |
| 40 | Fidelity (FMR) ✦ | 295.62K | -71.2% | $15.59M | 0.0% | ▼ Trim | 4 | SEC ↗ ×3 |
| 41 | Man Group plc | 284.93K | New | $15.02M | 0.0% | New | 1 | SEC ↗ ×2 |
| 42 | Bank of New York Mellon Corp | 281.67K | +8.9% | $14.85M | 0.0% | ▲ Add | 2 | SEC ↗ ×8 |
| 43 | Squarepoint Ops LLC | 275.35K | +994.1% | $14.52M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 44 | Tudor Investment Corp Et Al | 267.52K | +265.2% | $14.10M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 45 | Russell Investments Group, Ltd. | 244.90K | -0.9% | $12.91M | 0.0% | ▼ Trim | 2 | SEC ↗ ×5 |
| 46 | D. E. Shaw & Co. ✦ | 201.19K | -82.6% | $10.61M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 47 | AQR Capital Management ✦ | 176.77K | +281.6% | $9.32M | 0.0% | ▲ Add | 4 | SEC ↗ ×7 |
| 48 | Renaissance Technologies ✦ | 169.03K | -63.8% | $8.91M | 0.0% | ▼ Trim | 8 | SEC ↗ |
| 49 | Voya Investment Management Llc | 165.56K | +35.3% | $8.73M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 50 | New York State Common Retirement… | 160.60K | +145.9% | $8.47M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 51 | Deutsche Bank Ag\ | 149.33K | -62.8% | $7.87M | 0.0% | ▼ Trim | 2 | SEC ↗ ×3 |
| 52 | Rhumbline Advisers | 123.33K | +16.1% | $6.50M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 53 | Ameriprise Financial Inc | 118.25K | -93.8% | $6.23M | 0.0% | ▼ Trim | 2 | SEC ↗ ×3 |
| 54 | Swiss National Bank | 112.50K | New | $5.93M | 0.0% | New | 1 | SEC ↗ |
| 55 | Alyeska Investment Group, L.P. | 100.00K | 0.0% | $5.27M | 0.0% | Held | 2 | SEC ↗ |
| 56 | Prudential Financial Inc | 96.74K | +182.0% | $5.10M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 57 | UBS AM, a distinct business unit of… | 94.65K | +15214.9% | $4.99M | 0.0% | ▲ Add | 2 | SEC ↗ ×7 |
| 58 | Td Asset Management Inc | 89.59K | +13.9% | $4.72M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 59 | Wells Fargo & Company/Mn | 79.56K | -17.4% | $4.19M | 0.0% | ▼ Trim | 2 | SEC ↗ ×3 |
| 60 | Royal Bank Of Canada | 78.91K | +2470.4% | $4.16M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 61 | California State Teachers… | 70.22K | +1229.9% | $3.70M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 62 | Bnp Paribas Financial Markets | 67.69K | +232.6% | $3.57M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 63 | Victory Capital Management Inc | 63.47K | +624.2% | $3.35M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 64 | Sei Investments Co | 56.06K | +19.0% | $2.96M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 65 | Two Sigma Investments ✦ | 54.37K | +23.9% | $2.87M | 0.0% | ▲ Add | 8 | SEC ↗ |
| 66 | Creative Planning | 51.76K | +73.0% | $2.73M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 67 | Citigroup Inc | 51.55K | -25.8% | $2.72M | 0.0% | ▼ Trim | 2 | SEC ↗ ×2 |
| 68 | State Of Wisconsin Investment Board | 50.95K | +96.9% | $2.69M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 69 | Nomura Holdings Inc | 50.00K | New | $2.64M | 0.0% | New | 1 | SEC ↗ |
| 70 | Manufacturers Life Insurance… | 46.78K | -41.4% | $2.47M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 71 | Legal & General Group Plc | 46.69K | +158.6% | $2.46M | 0.0% | ▲ Add | 2 | SEC ↗ ×3 |
| 72 | MIRAE ASSET GLOBAL ETFS HOLDINGS… | 44.96K | +13.0% | $2.37M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 73 | Envestnet Asset Management Inc | 41.00K | +438.2% | $2.16M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 74 | Bamco Inc /Ny/ | 35.00K | New | $1.85M | 0.0% | New | 1 | SEC ↗ |
| 75 | Allianz Asset Management GmbH | 31.90K | +72.4% | $1.68M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 76 | ProShare Advisors LLC | 25.57K | +30.1% | $1.35M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 77 | Canada Pension Plan Investment Board | 22.60K | -84.4% | $1.19M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 78 | State Board Of Administration Of… | 20.52K | +22.8% | $1.08M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 79 | LPL Financial LLC | 20.30K | +22.2% | $1.07M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 80 | Mitsubishi UFJ Asset Management… | 17.30K | New | $912,056 | 0.0% | New | 1 | SEC ↗ |
| 81 | Gotham Asset Management ✦ | 16.50K | +43.8% | $869,722 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 82 | Assetmark, Inc | 16.16K | New | $851,797 | 0.0% | New | 1 | SEC ↗ |
| 83 | Zurcher Kantonalbank (Zurich… | 15.15K | New | $798,497 | 0.0% | New | 1 | SEC ↗ |
| 84 | Jones Financial Companies Lllp | 12.57K | New | $665,046 | 0.0% | New | 1 | SEC ↗ |
| 85 | Massachusetts Financial Services Co… | 10.90K | New | $574,753 | 0.0% | New | 1 | SEC ↗ ×2 |
| 86 | CIBC Bancorp USA Inc. | 9.82K | — | $517,710 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 87 | Blair William & Co/Il | 7.95K | +31.4% | $418,966 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 88 | Jane Street Group, Llc | 7.23K | -91.9% | $381,218 | 0.0% | ▼ Trim | 2 | SEC ↗ ×3 |
| 89 | Lazard Asset Management Llc | 7.17K | New | $378,161 | 0.0% | New | 1 | SEC ↗ |
| 90 | Stifel Financial Corp | 7.15K | New | $376,843 | 0.0% | New | 1 | SEC ↗ ×2 |
| 91 | Quantinno Capital Management LP | 6.12K | +4.7% | $322,805 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 92 | Mirae Asset Global Investments Co.… | 5.55K | +26.7% | $292,385 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 93 | Us Bancorp \De\ | 5.19K | +12.7% | $273,617 | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 94 | Universal- Beteiligungs- und… | 5.13K | New | $270,453 | 0.0% | New | 1 | SEC ↗ |
| 95 | Cwm, Llc | 4.17K | +49.5% | $219,948 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 96 | Principal Financial Group Inc | 4.06K | New | $214,254 | 0.0% | New | 1 | SEC ↗ |
| 97 | Wealth Enhancement Advisory… | 4.01K | New | $211,460 | 0.0% | New | 1 | SEC ↗ |
| 98 | Cetera Investment Advisers | 3.89K | New | $205,292 | 0.0% | New | 1 | SEC ↗ |
| 99 | Osaic Holdings, Inc. | 2.62K | +20.1% | $138,336 | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 100 | Pnc Financial Services Group, Inc. | 2.06K | +120.1% | $108,604 | 0.0% | ▲ Add | 2 | SEC ↗ ×3 |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Jennison Associates Llc | $26.43M | 0.0% |
| Neuberger Berman Group LLC | $25.34M | 0.0% |
| LMR Partners LLP | $21.09M | 0.2% |
| Soros Fund Management | $16.97M | 0.3% |
| Ensign Peak Advisors, Inc | $15.77M | 0.0% |
| Man Group plc | $15.02M | 0.0% |
| Swiss National Bank | $5.93M | 0.0% |
| Nomura Holdings Inc | $2.64M | 0.0% |
| Bamco Inc /Ny/ | $1.85M | 0.0% |
| Mitsubishi UFJ Asset… | $912,056 | 0.0% |
| Assetmark, Inc | $851,797 | 0.0% |
| Zurcher Kantonalbank (Zurich… | $798,497 | 0.0% |
Exited
| Point72 Asset Management | $23.18M | was 0.0% |
| Norges Bank | $15.97M | was 0.0% |
| American Century Companies Inc | $7.79M | was 0.0% |
| Hrt Financial Lp | $5.04M | was 0.0% |
| Group One Trading Llc | $2.86M | was 0.1% |
| Raymond James Financial Inc | $1.30M | was 0.0% |
| Commonwealth Equity Services… | $241,750 | was 0.0% |
| Mackenzie Financial Corp | $214,501 | was 0.0% |
| Daiwa Securities Group Inc. | $11,000 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 314 holders, 121.84M shares, $6.09B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.