§ PHARMACEUTICALS
USD · PharmaceuticalsTERN
TERNS PHARMACEUTICALS INC
USDSector · PharmaceuticalsBeta · -0.40
§ 01 · PRICE
Price action
1D5D1M6MYTD1YMAX
§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY
§ 04 · FUNDAMENTALS · THE BOOKS
| P/B | 4.27 | EPS (TTM) | -1.03 |
§ 05 · WHO OWNS IT
Top institutional holders
| Fund | Shares | % port | Δ Q/Q |
|---|---|---|---|
| BlackRock, Inc. | 9.6M | 0.0% | +17% |
| Morgan Stanley | 6.4M | 0.0% | n/a |
| Avoro Capital Advisors LLC | 5.7M | 3.0% | n/a |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.4M | n/a | n/a |
| Holocene Advisors, LP | 4.1M | 0.5% | +48% |
| Citadel Advisors | 3.2M | 0.0% | +2% |
◇ AC INTELLIGENCE
Top institutional owners for TERN as of the most recent 13F reporting period (Q1 2026 · Period ended Mar 31). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.
§ 06 · WHO OWNS IT · BY STRATEGY
OTHER97.6% · 0 holders
OTHER1.4% · 239 holders
DEALER / BANK0.3% · 25 holders
QUALITY / COMPOUNDER0.2% · 24 holders
PASSIVE / INDEX0.2% · 9 holders
TACTICAL / MACRO0.2% · 6 holders
SYSTEMATIC / QUANT0.0% · 9 holders
INCOME / DEFENSIVE0.0% · 13 holders
ACTIVIST0.0% · 1 holder
◇ AC INTELLIGENCE
Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.
§ 07 · INSIDER ACTIVITY · LAST 180 DAYS
NO INSIDER FILINGS
◇ AC INTELLIGENCE
No Form 4 filings on record for TERN in the last 180 days.
§ 08 · COVERAGE · OUR RECENT NOTES
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