Which funds own TERN

Managers holding

0

at least, of 91 current

Combined value

$0

as reported

Opened

0

new this quarter

Added to

0

already held

Trimmed or sold out

31

31 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

• Holocene Advisors LP · Long/short equity$217m held before
• Balyasny Asset Management LLC · Multi-strategy$205m held before
• Citadel Advisors LLC · Multi-strategy$198m held before
• Millennium Management LLC · Multi-strategy$179m held before
• Susquehanna International Group LLP · Quantitative$113m held before
• Verition Fund Management LLC · Multi-strategy$82m held before
• Janus Henderson Group Ltd · Long-only$78m held before
• Marshall Wace LLP · Quantitative$49m held before
• Tudor Investment Corp · Macro$43m held before
• AllianceBernstein LP · Long-only$42m held before
• T. Rowe Price Associates Inc · Long-only$34m held before
• Hudson Bay Capital Management LP · Multi-strategy$33m held before
• Neuberger Berman Group LLC · Long-only$25m held before
• Jane Street Group LLC · Quantitative$23m held before
• Fidelity (FMR LLC) · Long-only$20m held before
• Wellington Management Group LLP · Long-only$20m held before
• Soros Fund Management LLC · Macro$17m held before
• Davidson Kempner Capital Management LP · Long/short equity$16m held before
• Invesco Ltd · Long-only$16m held before
• Man Group PLC · Quantitative$15m held before
• Squarepoint Ops LLC · Multi-strategy$15m held before
• ExodusPoint Capital Management LP · Multi-strategy$12m held before
• Schonfeld Strategic Advisors LLC · Multi-strategy$11m held before
• D. E. Shaw & Co. · Quantitative$11m held before
• AQR Capital Management LLC · Quantitative$9.3m held before
• Caxton Associates LLP · Macro$5.0m held before
• Brevan Howard Capital Management LP · Macro$4.7m held before
• Moore Capital Management LP · Macro$2.6m held before
• Quantbot Technologies LP · Quantitative$2.5m held before
• MFS Investment Management · Long-only$600k held before
• Farallon Capital Management LLC · Long/short equity$400k held before

What TERN is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.