Ticker · CUSIP 880881107

TERN

TERNS PHARMACEUTICALS INC

Healthcare·Biotechnology

···Share

Holders (tracked)

Combined shares

8,904,136

Combined value

$359.73M

Last close

$52.65

Quarter

2025Q4

Price is +30.3% vs the avg quarter-end implied price across tracked holders.

Price · 1Y$52.65+50.25 (+2093.75%)H $53.17 · L $2.40 · Avg Vol 2.9M

Position opened

Tracked holders · last 8 quarters

+4 vs previous quarter over the last 8.

SEC event timeline

17 events

Ken Griffin (Citadel Advisors) added2026-02-17
+1,577,308 shares · 2025Q4
Position
D.E. Shaw & Co. opened position2026-02-17
+1,154,029 shares · 2025Q4
Position
Two Sigma Investments added2026-02-17
+9,836 shares · 2025Q4
Position
Steve Cohen (Point72) opened position2026-02-17
+573,700 shares · 2025Q4
Position
T. Rowe Price added2026-02-17
+880,139 shares · 2025Q4
Position
Wellington Management added2026-02-17
+535,250 shares · 2025Q4
Position
Paul Tudor Jones (Tudor Investment) opened position2026-02-17
+73,246 shares · 2025Q4
Position
Izzy Englander (Millennium Mgmt) added2026-02-17
+45,722 shares · 2025Q4
Position
AQR Capital Management added2026-02-17
+6,140 shares · 2025Q4
Position
Renaissance Technologies trimmed2026-02-12
−209,987 shares · 2025Q4
Position
Norges Bank (Norway SWF) opened position2026-02-10
+395,205 shares · 2025Q4
Position
Izzy Englander (Millennium Mgmt) trimmed2025-11-14
−55,242 shares · 2025Q3
Position
Two Sigma Investments trimmed2025-11-14
−170,927 shares · 2025Q3
Position
T. Rowe Price added2025-11-14
+14,605 shares · 2025Q3
Position
AQR Capital Management added2025-11-14
+3,210 shares · 2025Q3
Position
Wellington Management trimmed2025-11-14
−81,760 shares · 2025Q3
Position
Renaissance Technologies trimmed2025-11-13
−245,700 shares · 2025Q3
Position

Insider activity

No insider transactions in the last 30 days.

View full insider history for TERN →

Follow-the-investor returns

If you'd copied each holder of TERN…

Cost basis inferred from each manager's quarter-over-quarter position changes. Sorted by % return on the position they're still holding.

Investor	First in	Cost basis	Return	Position value today
Renaissance Technologies	2022Q1	$4.68	+1026.0%	$24.6M
Norges Bank (Norway SWF)	2021Q1	$5.80	+807.2%	$20.8M
Izzy Englander (Millennium Mgmt)	2021Q2	$9.73	+441.3%	$52.0M
AQR Capital Management	2023Q2	$10.68	+393.0%	$2.4M
Two Sigma Investments	2024Q2	$13.25	+297.3%	$2.3M
Wellington Management	2024Q1	$29.14	+80.7%	$41.5M
Steve Cohen (Point72)	2022Q1	$31.04	+69.6%	$30.2M
Paul Tudor Jones (Tudor Investment)	2024Q2	$35.69	+47.5%	$3.9M
T. Rowe Price	2023Q2	$37.27	+41.3%	$51.3M
D.E. Shaw & Co.	2023Q1	$38.84	+35.6%	$60.8M
Ken Griffin (Citadel Advisors)	2021Q2	$39.82	+32.2%	$4.9M
Ken Griffin (Citadel Advisors)	2021Q2	$39.82	+32.2%	$4.9M
Ken Griffin (Citadel Advisors)	2021Q2	$39.82	+32.2%	$4.9M

Who moved on this name in 2025Q4

Position changes reported for the latest quarter, grouped by direction.

New positions4

D.E. Shaw & Co.
+1,154,029
$46.6M
Steve Cohen (Point72)
+573,700
$23.2M
Norges Bank (Norway SWF)
+395,205
$16.0M
Paul Tudor Jones (Tudor Investment)
+73,246
$3.0M

Added to6

Ken Griffin (Citadel Advisors)
+1,577,308
$63.7M
Wellington Management
+535,250
$21.6M
Izzy Englander (Millennium Mgmt)
+45,722
$1.8M
Two Sigma Investments
+9,836
$397K
AQR Capital Management
+6,140
$248K
T. Rowe Price
+880,139
$36K

Trimmed1

Renaissance Technologies
−209,987
$8.5M

Exited0

—

Institutional ownership over time

Distinct super-investors holding this ticker · combined dollar value, by quarter.

Quarter	Holders	Shares	Combined value	Δ holders
2022Q1	4	1,015,824	$3.0M	—
2022Q2	5	1,150,442	$2.9M	+1
2022Q3	3	821,206	$4.8M	-2
2022Q4	5	2,620,840	$26.7M	+2
2023Q1	6	2,956,175	$35.0M	+1
2023Q2	9	5,719,576	$50.0M	+3
2023Q3	10	6,211,283	$31.2M	+1
2023Q4	8	5,957,392	$38.7M	-2
2024Q1	10	12,308,400	$80.7M	+2
2024Q2	13	9,993,026	$68.1M	+3
2024Q3	12	10,738,609	$89.6M	-1
2024Q4	11	9,548,594	$52.9M	-1
2025Q1	9	7,395,875	$20.4M	-2
2025Q2	8	6,564,539	$24.5M	-1
2025Q3	9	3,699,548	$27.8M	+1
2025Q4	13	8,904,136	$359.7M	+4

Who owns TERN

13 super-investors · 2025Q4

Tracked stake

8.90M

Combined value

$360M

% of shares outstanding

—

shares-out unknown

Quarter action mix

New4Added8Trim1

#	Manager	Shares	Value	% of book	Last action
1	Ken Griffin Citadel Advisors	3.17M	$128M	0.0%	Added+1.58M
2	D.E. Shaw & Co.	1.15M	$47M	0.0%	New+1.15M
3	Izzy Englander Millennium Mgmt	987.3K	$40M	0.0%	Added+45.7K
4	T. Rowe Price	974.3K	$39M	0.0%	Added+880.1K
5	Wellington Management	788.7K	$32M	0.0%	Added+535.3K
6	Steve Cohen Point72	573.7K	$23M	0.0%	New+573.7K
7	Renaissance Technologies	466.8K	$19M	0.0%	Trim−210.0K
8	Norges Bank Norway SWF	395.2K	$16M	0.0%	New+395.2K
9	Ken Griffin Citadel Advisors	140.3K	$6M	0.0%	Added+1.58M
10	Ken Griffin Citadel Advisors	93.7K	$4M	0.0%	Added+1.58M
11	Paul Tudor Jones Tudor Investment	73.2K	$3M	0.0%	New+73.2K
12	AQR Capital Management	46.3K	$2M	0.0%	Added+6.1K
13	Two Sigma Investments	43.9K	$2M	0.0%	Added+9.8K

Recent moves

20 transactions

ADDAQR Capital Management
+6,140 · 2025Q4
ADDIzzy Englander (Millennium Mgmt)
+45,722 · 2025Q4
NEWPaul Tudor Jones (Tudor Investment)
+73,246 · 2025Q4
ADDWellington Management
+535,250 · 2025Q4
ADDKen Griffin (Citadel Advisors)
+1,577,308 · 2025Q4
ADDT. Rowe Price
+880,139 · 2025Q4
NEWD.E. Shaw & Co.
+1,154,029 · 2025Q4
ADDTwo Sigma Investments
+9,836 · 2025Q4
NEWSteve Cohen (Point72)
+573,700 · 2025Q4
TRIMRenaissance Technologies
−209,987 · 2025Q4
NEWNorges Bank (Norway SWF)
+395,205 · 2025Q4
TRIMIzzy Englander (Millennium Mgmt)
−55,242 · 2025Q3
ADDT. Rowe Price
+14,605 · 2025Q3
ADDAQR Capital Management
+3,210 · 2025Q3
TRIMTwo Sigma Investments
−170,927 · 2025Q3
TRIMWellington Management
−81,760 · 2025Q3
TRIMRenaissance Technologies
−245,700 · 2025Q3
SOLDSteve Cohen (Point72)
−160,725 · 2025Q2
ADDTwo Sigma Investments
+77,485 · 2025Q2
TRIMIzzy Englander (Millennium Mgmt)
−120,616 · 2025Q2

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