CORCEPT THERAPEUTICS INC CORT
COM · Common Stock · CUSIP 218352102 · ISIN US2183521028
American pharmaceutical company
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersRedwood City, CA
- Founded1998
- Websitecorcept.com
- FilingsSEC EDGAR
* 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 ($722.1k this quarter). Holder counts are more reliable. Shares outstanding: 101.6m as of 2023-04-26, 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 ≈ $21.81. Options: 10 managers hold calls ($22.5m notional), 12 hold puts ($36.0m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 239 |
| Q4 2022 | 244 |
| Q1 2023 | 234 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 128 | 102 |
| Q1 2023 | 124 | 118 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $8.1m | $8.8m | 1.08 |
| Q4 2022 | $3.5m | $12.4m | 3.51 |
| Q1 2023 | $22.5m | $36.0m | 1.60 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +2.3m |
| INGALLS & SNYDER LLC | Added | +1.5m |
| Granite Investment Partners, LLC | New | +795.1k |
| Man Group plc | New | +660.0k |
| HSBC HOLDINGS PLC | Added | +632.4k |
| ARISTEIA CAPITAL, L.L.C. | New | +501.6k |
| Cambridge Investment Research Advisors, Inc. | New | +366.2k |
| Shay Capital LLC | New | +350.0k |
| LMR Partners LLP | New | +343.3k |
| OMERS ADMINISTRATION Corp | New | +339.0k |
Biggest sellers
| Woodline Partners LP | Sold out | -912.4k |
| Man Group plc | Sold out | -685.4k |
| FEDERATED HERMES, INC. | Reduced | -511.6k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -500.8k |
| D. E. Shaw & Co., Inc. | Reduced | -408.2k |
| MORGAN STANLEY | Reduced | -308.1k |
| Hillsdale Investment Management Inc. | Sold out | -226.4k |
| BlackRock Inc. | Reduced | -218.6k |
| Quantedge Capital Pte Ltd | Reduced | -196.8k |
| BANK OF MONTREAL /CAN/ | Reduced | -167.1k |
Biggest calls
| BANK OF AMERICA CORP /DE/ | New | $18.2m840.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4m65.9k shares |
| WOLVERINE TRADING, LLC | New | $1.1m49.3k shares |
| CITIGROUP INC | New | $649.8k30.0k shares |
| CITADEL ADVISORS LLC | Reduced | $483.0k22.3k shares |
| Verition Fund Management LLC | New | $268.6k12.4k shares |
| Walleye Capital LLC | New | $251.3k11.6k shares |
| GROUP ONE TRADING LLC | Reduced | $136.5k6.3k shares |
| SIMPLEX TRADING, LLC | Added | $38.0k1.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | New | $18.7m865.0k shares |
| Shay Capital LLC | New | $7.6m350.0k shares |
| HSBC HOLDINGS PLC | New | $6.5m300.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.2m55.6k shares |
| CITIGROUP INC | New | $649.8k30.0k shares |
| Verition Fund Management LLC | New | $548.0k25.3k shares |
| CITADEL ADVISORS LLC | Reduced | $476.5k22.0k shares |
| WOLVERINE TRADING, LLC | New | $229.0k10.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $34.0k1.6k shares |
| BLUEFIN CAPITAL MANAGEMENT, LLC | New | $17.0k20.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution -2.0 pts · filed 2026-10-27 | 8.9% |
| INGALLS & SNYDER LLC 13G · institution -1.0 pts · filed 2026-04-21 | 6.8% |
| BELANOFF JOSEPH K 13G · exempt (held before listing) filed 2025-02-14 | 6.3% |
Fell to 5% or below in the last year: RENAISSANCE TECHNOLOGIES LLC (4.9%, 2026-08-13), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q1 2023
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $500.0k | — |
| Q1 2022 | 0 | — | 1 | $308.5k | — |
| Q2 2022 | 0 | — | 1 | $684.4k | — |
| Q3 2022 | 0 | — | 4 | $13.0m | — |
| Q4 2022 | 0 | — | 2 | $2.0m | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 16.1m $349.4m | Reduced -218.6k |
| VANGUARD GROUP INC 0.01% of their portfolio | 10.4m $226.0m | Added +89.7k |
| INGALLS & SNYDER LLC 9.36% of their portfolio | 8.4m $181.3m | Added +1.5m |
| RENAISSANCE TECHNOLOGIES LLC 0.20% of their portfolio | 6.8m $147.0m | Reduced -500.8k |
| Parallel Advisors, LLC 2.72% of their portfolio | 3.7m $80.7m | Reduced -91 |
| NOVO HOLDINGS A/S 4.83% of their portfolio | 3.4m $73.2m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 3.3m $71.3m | Added +92.2k |
| FEDERATED HERMES, INC. 0.15% of their portfolio | 2.8m $59.8m | Reduced -511.6k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 2.4m $52.7m | Added +2.3m |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.2m $46.7m | Added +68.4k |
| Boston Trust Walden Corp 0.36% of their portfolio | 1.9m $41.6m | Added +72.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.8m $38.9m | Added +72.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.4m $29.3m | Added +327.1k |
| Invesco Ltd. 0.01% of their portfolio | 1.1m $23.7m | Added +99.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 927.9k $20.1m | Added +14.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 890.0k $19.3m | Reduced -113 |
| Granite Investment Partners, LLC 0.72% of their portfolio | 795.1k $17.2m | New |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 784.2k $17.0m | Reduced -408.2k |
| MORGAN STANLEY 0.00% of their portfolio | 776.7k $16.8m | Reduced -308.1k |
| NORGES BANK 0.00% of their portfolio | 689.0k $14.9m | Reduced -81.4k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 681.1k $14.8m | Added +632.4k |
| Man Group plc 0.05% of their portfolio | 660.0k $14.3m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 586.3k $12.7m | Reduced -14.6k |
| Pacer Advisors, Inc. 0.05% of their portfolio | 519.6k $11.3m | Added +61.1k |
| AJ WEALTH STRATEGIES, LLC 0.58% of their portfolio | 509.9k $11.0m | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.27% of their portfolio | 501.6k $10.9m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 403.4k $8.7m | Reduced -70.8k |
| Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio | 366.2k $7.9m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 362.8k $7.9m | Reduced -10.9k |
| S&T Bank/PA 1.37% of their portfolio | 350.9k $7.6m | Added +4.6k |
| Shay Capital LLC 3.14% of their portfolio | 350.0k $7.6m | New |
| GREAT LAKES ADVISORS, LLC 0.07% of their portfolio | 348.8k $7.6m | Reduced -19.1k |
| LMR Partners LLP 0.14% of their portfolio | 343.3k $7.4m | New |
| OMERS ADMINISTRATION Corp 0.11% of their portfolio | 339.0k $7.3m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 333.7k $7.2m | Added +210.6k |
| ROYCE & ASSOCIATES LP 0.07% of their portfolio | 306.3k $6.6m | Added +46.8k |
| FAS Wealth Partners, Inc. 0.72% of their portfolio | 305.0k $6.6m | Reduced -1.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 290.6k $6.3m | Added +48.1k |
| BURNEY CO/ 0.31% of their portfolio | 286.9k $6.2m | Reduced -9.5k |
| Legal & General Group Plc 0.00% of their portfolio | 279.4k $6.1m | Reduced -852 |
| FMR LLC 0.00% of their portfolio | 276.3k $6.0m | Added +145.5k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 247.1k $5.4m | Reduced -7.0k |
| CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio | 227.5k $4.9m | Added +208.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 223.2k $4.8m | Reduced -15.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 221.0k $4.8m | Added +82.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 210.8k $4.6m | Added +13.0k |
| Swiss National Bank 0.00% of their portfolio | 209.2k $4.5m | Reduced -23.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 207.2k $2.9m | Added +74.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 191.4k $4.1m | Reduced -14.1k |
| SG Americas Securities, LLC 0.05% of their portfolio | 184.1k $4.0m | Added +170.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 181.3k $3.9m | Added +4.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 178.1k $3.9m | Reduced -3.3k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 168.5k $3.6m | Reduced -6.2k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 147.7k $3.2m | Added +7.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 139.2k $3.0m | Reduced -7.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 133.4k $2.9m | Added +3.4k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 125.8k $2.7m | Reduced -17.0k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 125.7k $2.7m | Added +11.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 125.5k $2.7m | Added +43.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 122.1k $2.6m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 117.3k $2.5m | Reduced -1.1k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 115.4k $2.5m | Reduced -25.1k |
| Tidal Investments LLC 0.04% of their portfolio | 112.2k $2.4m | Added +45.9k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.38% of their portfolio | 111.6k $2.4m | Added +18.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 111.6k $2.4m | Added +12.7k |
| WINTON GROUP Ltd 0.15% of their portfolio | 111.6k $2.4m | Added +230 |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 106.3k $2.3m | Added +17.9k |
| Skandinaviska Enskilda Banken AB (publ) 0.02% of their portfolio | 106.1k $2.3m | New |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 104.0k $2.3m | Reduced -159.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 101.4k $2.2m | Reduced -1.1k |
| BI Asset Management Fondsmaeglerselskab A/S 0.06% of their portfolio | 101.0k $2.2m | New |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 100.9k $2.2m | Reduced -24.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 95.2k $2.1m | Reduced -22.2k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 94.9k $2.1m | Reduced -3.3k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 93.0k $2.0m | Reduced -3.2k |
| GSA CAPITAL PARTNERS LLP 0.20% of their portfolio | 92.7k $2.0m | Reduced -31.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 92.5k $2.0m | Reduced -10.5k |
| BARCLAYS PLC 0.00% of their portfolio | 86.0k $1.9m | Added +427 |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 85.9k $1.9m | Added +21.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 84.3k $1.8m | Added +13.5k |
| KCM INVESTMENT ADVISORS LLC 0.07% of their portfolio | 74.9k $1.6m | Added +7.4k |
| MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio | 74.7k $1.6m | Added +1.1k |
| CITIGROUP INC 0.00% of their portfolio | 72.7k $1.6m | Reduced -2.1k |
| ALPS ADVISORS INC 0.01% of their portfolio | 71.1k $1.5m | Reduced -1.9k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 69.3k $1.5m | Reduced -3.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 66.9k $1.4m | Added +36.8k |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 65.6k $1.4m | Reduced -1.0k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 65.1k $1.4m | Added +16.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 64.4k $1.4m | Reduced -2.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 62.6k $1.4m | Added +17.5k |
| Bridge City Capital, LLC 0.66% of their portfolio | 60.6k $1.3m | Reduced -227 |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 56.4k $1.2m | Added +14.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 56.3k $1.2m | Added +37.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 55.2k $1.2m | Added +20.5k |
| Quantedge Capital Pte Ltd 0.46% of their portfolio | 54.5k $1.2m | Reduced -196.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 53.0k $1.1m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 51.7k $1.1m | Added +39.4k |
| Birchview Capital, LP 0.85% of their portfolio | 50.0k $1.1m | Unchanged |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 49.1k $1.1m | Reduced -7.9k |
| CAMPBELL NEWMAN ASSET MANAGEMENT INC 0.10% of their portfolio | 48.6k $1.1m | Added +459 |