Vault-13

ALPHA COGNITION INC ACOG

COM NEW · Common Stock · CUSIP 02074J501

26 institutional holders +1 vs Q1 2026
10,597,92510.6m shares reported held*
48.7% of all shares outstanding*
$76.5mreported value*
1 new 7 added 4 reduced 0 sold out net bought ≈ $472.4k (+65.4k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 21.8m as of 2026-08-13, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $7.22.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q4 24: 24Q1 25: 23Q2 25: 27Q3 25: 28Q4 25: 27Q1 26: 25Q2 26: 2626Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 202424
Q1 202523
Q2 202527
Q3 202528
Q4 202527
Q1 202625
Q2 202626

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q1 25: 5 bought or addedQ1 25: 10 cut or sold outQ1 25Q2 25: 13 bought or addedQ2 25: 13 cut or sold outQ2 25Q3 25: 15 bought or addedQ3 25: 10 cut or sold outQ3 25Q4 25: 17 bought or addedQ4 25: 11 cut or sold outQ4 25Q1 26: 8 bought or addedQ1 26: 10 cut or sold outQ1 26Q2 26: 8 bought or addedQ2 26: 4 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 2025510
Q2 20251313
Q3 20251510
Q4 20251711
Q1 2026810
Q2 202684

Biggest buyers

Opaleye Management Inc. Added +333,517+333.5k
CANTOR FITZGERALD, L. P. Added +29,205+29.2k
CITADEL ADVISORS LLC Added +7,957+8.0k
TWO SIGMA INVESTMENTS, LP Added +2,946+2.9k
UBS Group AG Added +1,018+1.0k
MORGAN STANLEY New +200+200
JONES FINANCIAL COMPANIES LLLP Added +150+150
HARBOUR INVESTMENTS, INC. Added +43+43

Biggest sellers

Ikarian Capital, LLC Reduced -220,000-220.0k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -67,245-67.2k
SPHERA FUNDS MANAGEMENT LTD. Reduced -21,800-21.8k
ROYAL BANK OF CANADA Reduced -557-557

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Opaleye Management Inc. 13G · passive investor +0.9 pts · filed 2026-07-24 14.2% +0.9 pts 3.1m≈ $22.3m 2026-07-24
AWM Investment Company, Inc. 13G · institution +3.4 pts · filed 2026-02-13 9.9% +3.4 pts 2.2m≈ $15.7m 2026-02-13
Solas Capital Management, LLC 13G · institution new · filed 2025-02-14 8.7% new 1.4m≈ $10.1m 2025-02-14
MANCHESTER MANAGEMENT CO LLC 13G · passive investor +2.5 pts · filed 2026-09-23 7.4% +2.5 pts 1.6m≈ $11.8m 2026-09-23
BESSER JAMES E 13G · passive investor new · filed 2025-01-31 6.2% new 1.0m≈ $7.2m 2025-01-31
Funicular Funds, LP 13G · passive investor +0.2 pts · filed 2026-02-19 5.1% +0.2 pts 1.1m≈ $8.0m 2026-02-19

Fell to 5% or below in the last year: Ikarian Capital, LLC (4.9%, 2026-02-17)

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q4 24: 3 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 2 buyingQ3 25: 1 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 1 buyingQ2 26: 0 sellingQ3 26: 1 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20243$90.0k0——
Q1 20250—0——
Q2 20250—0——
Q3 20252$377.4k1$250.0k—
Q4 20250—0——
Q1 20260—0——
Q2 20261$20.2k0——
Q3 20261$96.2k0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-25 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 13,426 $8.47 $113.7k13.4k shares +<1%
2026-09-24 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 18,337 $8.57 $157.1k18.3k shares +1%
2026-09-16 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 80,170 $8.51 $682.4k80.2k shares +3%
2026-09-15 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 3,375 $8.54 $28.8k3.4k shares +<1%
2026-09-14 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 40,373 $8.70 $351.2k40.4k shares +1%
2026-08-21 Wills Robert James Director Bought 10,000 $9.62 $96.2k10.0k shares +45%
2026-08-03 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 50,000 $8.00 $400.0k50.0k shares +2%
2026-07-31 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 2,900 $7.92 $23.0k2.9k shares +<1%
2026-07-24 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 130 $7.90 $1.0k130 shares +<1%
2026-07-23 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 49,849 $7.80 $388.8k49.8k shares +2%
2026-07-22 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 140,237 $7.83 $1.1m140.2k shares +5%
2026-07-22 Opaleye Management Inc. 10% owner · By Managed Account Bought 10,000 $7.83 $78.3k10.0k shares +11%
2026-06-26 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 152,336 $6.40 $975.0k152.3k shares +6%
2026-06-25 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 197 $6.50 $1.3k197 shares +<1%
2026-06-15 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 4,550 $5.99 $27.3k4.5k shares +<1%
2026-06-12 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 273 $5.93 $1.6k273 shares +<1%
2026-06-11 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 2,862 $5.91 $16.9k2.9k shares +<1%
2026-06-10 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 5,872 $5.99 $35.2k5.9k shares +<1%
2026-06-09 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 24,856 $5.98 $148.6k24.9k shares +1%
2026-06-05 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 10,054 $5.83 $58.6k10.1k shares +<1%
2026-05-29 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 70,577 $5.90 $416.4k70.6k shares +3%
2026-05-28 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 2,000 $5.83 $11.7k2.0k shares +<1%
2026-05-27 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 1,161 $5.73 $6.7k1.2k shares +<1%
2026-05-21 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 15,945 $5.70 $90.9k15.9k shares +1%
2026-05-20 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 8,431 $5.89 $49.7k8.4k shares +<1%
2026-05-19 D'Angelo Lauren Chief Operating Officer Bought 3,500 $5.76 $20.2k3.5k shares +3%
2026-05-18 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 17,395 $5.69 $99.0k17.4k shares +1%
2026-05-15 Opaleye Management Inc. 10% owner · By Opaleye, L.P. Bought 16,648 $5.83 $97.1k16.6k shares +1%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Opaleye Management Inc. 1.89% of their portfolio BOSTON, MA 2,895,4672.9m $20.9m $20.9m 1.89% Added +333.5k +333,517
2 Solas Capital Management, LLC 7.45% of their portfolio DARIEN, CT 1,924,6171.9m $13.9m $13.9m 7.45% Unchanged
3 AWM Investment Company, Inc. 1.05% of their portfolio NEW YORK, NY 1,672,1681.7m $12.1m $12.1m 1.05% Unchanged
4 Cable Car Capital, LP 0.43% of their portfolio SAN FRANCISCO, CA 1,382,3391.4m $10.0m $10.0m 0.43% Unchanged
5 Ikarian Capital, LLC 0.99% of their portfolio DALLAS, TX 836,259836.3k $6.0m $6.0m 0.99% Reduced -220.0k -220,000
6 SPHERA FUNDS MANAGEMENT LTD. 0.56% of their portfolio TEL AVIV, L3 545,816545.8k $3.9m $3.9m 0.56% Reduced -21.8k -21,800
7 Alyeska Investment Group, L.P. 0.01% of their portfolio CHICAGO, IL 365,000365.0k $2.6m $2.6m 0.01% Unchanged
8 Aristides Capital LLC 0.40% of their portfolio LOUISVILLE, KY 218,510218.5k $1.6m $1.6m 0.40% Unchanged
9 CANTOR FITZGERALD, L. P. 0.02% of their portfolio NEW YORK, NY 217,836217.8k $1.6m $1.6m 0.02% Added +29.2k +29,205
10 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 189,148189.1k $1.4m $1.4m 0.03% Reduced -67.2k -67,245
11 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 97,54697.5k $704.3k $704.3k 0.00% Added +8.0k +7,957
12 VILLERE ST DENIS J & CO LLC 0.06% of their portfolio New Orleans, LA 71,15871.2k $513.8k $513.8k 0.06% Unchanged
13 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 61,59661.6k $444.7k $444.7k 0.00% Unchanged
14 ACT CAPITAL MANAGEMENT, LLC 0.24% of their portfolio WAYNE, PA 51,50051.5k $371.8k $371.8k 0.24% Unchanged
15 BERKSHIRE ASSET MANAGEMENT LLC/PA 0.01% of their portfolio WILKES BARRE, PA 19,82419.8k $143.1k $143.1k 0.01% Unchanged
16 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 18,83218.8k $136.0k $136.0k 0.00% Added +2.9k +2,946
17 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 11,99212.0k $86.6k $86.6k 0.00% Unchanged
18 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 10,00010.0k $72.2k $72.2k 0.00% Unchanged
19 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 5,2925.3k $37.7k $37.7k 0.00% Unchanged
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,4561.5k $10.5k $10.5k 0.00% Added +1.0k +1,018
21 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 750750 $5.4k $5.4k 0.00% Unchanged
22 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 250250 $1.6k $1.6k 0.00% Added +150 +150
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 200200 $1.4k $1.4k 0.00% New
24 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 200200 $1.4k $1.4k 0.00% Unchanged
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 122122 $1.0k $1.0k 0.00% Reduced -557 -557
26 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 4747 $336 $336 0.00% Added +43 +43