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 ($23.8m this quarter). Holder counts are more reliable. Shares outstanding: 106.0m as of 2025-04-28, 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 ≈ $111.12. Options: 22 managers hold calls ($192.8m notional), 24 hold puts ($334.8m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 239 |
| Q4 2022 | 244 |
| Q1 2023 | 234 |
| Q2 2023 | 226 |
| Q3 2023 | 248 |
| Q4 2023 | 274 |
| Q1 2024 | 286 |
| Q2 2024 | 287 |
| Q3 2024 | 322 |
| Q4 2024 | 369 |
| Q1 2025 | 423 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 88 | 129 |
| Q3 2023 | 119 | 108 |
| Q4 2023 | 128 | 118 |
| Q1 2024 | 160 | 129 |
| Q2 2024 | 136 | 147 |
| Q3 2024 | 164 | 133 |
| Q4 2024 | 180 | 154 |
| Q1 2025 | 222 | 188 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $47.4m | $36.1m | 0.76 |
| Q3 2024 | $54.3m | $33.3m | 0.61 |
| Q4 2024 | $58.4m | $73.7m | 1.26 |
| Q1 2025 | $192.8m | $334.8m | 1.74 |
Biggest buyers
| JUPITER ASSET MANAGEMENT LTD | Added | +596.6k |
| Invesco Ltd. | Added | +540.1k |
| Man Group plc | Added | +341.3k |
| MORGAN STANLEY | Added | +277.1k |
| Driehaus Capital Management LLC | New | +259.6k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +246.5k |
| Squarepoint Ops LLC | New | +236.8k |
| COOKSON PEIRCE & CO INC | Added | +199.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +191.9k |
| Parallel Advisors, LLC | Added | +142.8k |
Biggest sellers
| BlackRock, Inc. | Reduced | -988.9k |
| INGALLS & SNYDER LLC | Reduced | -357.2k |
| Boston Trust Walden Corp | Reduced | -314.3k |
| Synergy Asset Management, LLC | Reduced | -291.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -290.1k |
| M&G PLC | Sold out | -228.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -226.4k |
| Clearbridge Investments, LLC | Reduced | -210.2k |
| BURNEY CO/ | Reduced | -207.4k |
| D. E. Shaw & Co., Inc. | Reduced | -186.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $32.9m287.8k shares |
| GROUP ONE TRADING LLC | Added | $20.0m174.8k shares |
| CITADEL ADVISORS LLC | Added | $16.1m140.6k shares |
| LMR Partners LLP | New | $15.4m134.9k shares |
| BARCLAYS PLC | Reduced | $14.3m125.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $12.4m109.0k shares |
| Caption Management, LLC | Added | $12.2m106.6k shares |
| Ikarian Capital, LLC | New | $11.4m100.0k shares |
| SIMPLEX TRADING, LLC | Added | $9.5m83.1k shares |
| JANE STREET GROUP, LLC | Added | $8.4m73.7k shares |
Biggest puts
| Caption Management, LLC | Added | $70.1m613.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $46.3m405.2k shares |
| LMR Partners LLP | New | $46.1m403.9k shares |
| Ikarian Capital, LLC | New | $32.9m287.9k shares |
| SIMPLEX TRADING, LLC | Added | $20.1m175.7k shares |
| CITADEL ADVISORS LLC | Added | $18.9m165.9k shares |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | Added | $18.3m160.0k shares |
| DIADEMA PARTNERS LP | New | $17.2m150.2k shares |
| JANE STREET GROUP, LLC | Added | $11.9m103.8k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $10.5m92.2k 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 2025
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 2023 | 0 | — | 2 | $1.3m | — |
| Q3 2023 | 0 | — | 6 | $2.9m | $2.1m |
| Q4 2023 | 0 | — | 5 | $3.1m | $2.9m |
| Q1 2024 | 0 | — | 3 | $2.1m | $2.1m |
| Q2 2024 | 0 | — | 5 | $4.0m | $4.0m |
| Q3 2024 | 0 | — | 4 | $1.8m | $1.7m |
| Q4 2024 | 0 | — | 4 | $2.0m | $1.7m |
| Q1 2025 | 0 | — | 6 | $40.3m | $40.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-31 | Lyon Joseph Douglas Officer | Sold plan | $20.1m200.0k shares |
| 2025-03-31 | Maduck Sean Officer | Sold plan | $10.1m100.0k shares |
| 2025-03-31 | BELANOFF JOSEPH K Chief Executive Officer, director · Joseph K. Belanoff and Katherine A. Blenko Revocable Living Trust DTD 04/29/02 | Sold plan | $3.3m35.1k shares |
| 2025-03-24 | BELANOFF JOSEPH K Chief Executive Officer, director · Joseph K. Belanoff and Katherine A. Blenko Revocable Living Trust DTD 04/29/02 | Sold plan | $120.1k2.0k shares |
| 2025-03-24 | Maduck Sean Officer | Sold plan | $102.8k1.7k shares |
| 2025-03-24 | Lyon Joseph Douglas Officer | Sold plan | $25.5k421 shares |
| 2025-03-10 | Swisher Daniel N JR Director | Sold plan | $117.9k2.2k shares |
| 2025-03-04 | Guyer William Chief Development Officer | Sold plan | $1.2m20.0k shares |
| 2025-03-03 | Maduck Sean Officer | Sold plan | $1.1m18.3k shares |
| 2025-03-03 | Lyon Joseph Douglas Officer | Sold plan | $277.9k4.6k shares |
| 2025-03-03 | BELANOFF JOSEPH K Chief Executive Officer, director · Joseph K. Belanoff and Katherine A. Blenko Revocable Living Trust DTD 04/29/02 | Sold plan | $178.1k2.9k shares |
| 2025-02-10 | Swisher Daniel N JR Director | Sold plan | $149.8k2.2k shares |
| 2025-02-03 | Maduck Sean Officer | Sold plan | $1.3m20.0k shares |
| 2025-02-03 | Lyon Joseph Douglas Officer | Sold plan | $334.6k5.0k shares |
| 2025-01-10 | Swisher Daniel N JR Director | Sold plan | $111.2k2.2k shares |
| 2025-01-02 | Maduck Sean Officer | Sold plan | $1.0m20.0k shares |
| 2025-01-02 | Robb Gary Charles Chief Business Officer | Sold plan | $555.5k11.0k shares |
| 2025-01-02 | Lyon Joseph Douglas Officer | Sold plan | $251.9k5.0k shares |
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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.04% of their portfolio | 14.7m $1.7bn | Reduced -988.9k |
| VANGUARD GROUP INC 0.02% of their portfolio | 10.0m $1.1bn | Reduced -133.7k |
| INGALLS & SNYDER LLC 29.23% of their portfolio | 7.7m $884.4m | Reduced -357.2k |
| RENAISSANCE TECHNOLOGIES LLC 1.06% of their portfolio | 6.1m $701.7m | Reduced -55.6k |
| Parallel Advisors, LLC 4.97% of their portfolio | 4.0m $219.6m | Added +142.8k |
| STATE STREET CORP 0.02% of their portfolio | 3.4m $388.6m | Reduced -146.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.3m $259.0m | Added +191.9k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 2.1m $243.7m | Added +57.9k |
| MORGAN STANLEY 0.01% of their portfolio | 1.5m $175.7m | Added +277.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.14% of their portfolio | 1.5m $170.4m | Reduced -152.7k |
| FMR LLC 0.01% of their portfolio | 1.5m $168.9m | Added +141.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.61% of their portfolio | 1.3m $154.2m | Reduced -27.2k |
| Invesco Ltd. 0.03% of their portfolio | 1.2m $142.3m | Added +540.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.0m $117.8m | Reduced -19.8k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.0m $116.7m | Added +6.5k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 924.3k $105.6m | Reduced -139.8k |
| NORGES BANK 0.01% of their portfolio | 848.9k $97.0m | Added +14.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.37% of their portfolio | 751.2k $85.8m | Reduced -45.6k |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 700.3k $80.0m | Reduced -186.3k |
| Man Group plc 0.21% of their portfolio | 629.2k $71.9m | Added +341.3k |
| Cerity Partners LLC 0.14% of their portfolio | 614.8k $70.2m | Added +6.8k |
| JUPITER ASSET MANAGEMENT LTD 0.66% of their portfolio | 603.9k $69.0m | Added +596.6k |
| Boston Trust Walden Corp 0.49% of their portfolio | 584.8k $66.8m | Reduced -314.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 583.1k $66.6m | Reduced -6.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 530.5k $60.6m | Added +13.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 505.3k $57.7m | Reduced -120.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 469.3k $53.6m | Added +246.5k |
| UBS Group AG 0.01% of their portfolio | 372.7k $42.6m | Added +122.5k |
| BRAUN STACEY ASSOCIATES INC 1.71% of their portfolio | 366.6k $41.9m | Added +70.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 333.1k $38.0m | Added +59.1k |
| Nuveen, LLC 0.01% of their portfolio | 311.5k $35.6m | First filing |
| Aberdeen Group plc 0.07% of their portfolio | 308.6k $35.2m | Reduced -127.3k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 307.3k $35.1m | Added +104.8k |
| TWO SIGMA ADVISERS, LP 0.08% of their portfolio | 306.8k $35.0m | Reduced -75.0k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 302.9k $34.6m | Reduced -109.3k |
| FAS Wealth Partners, Inc. 2.80% of their portfolio | 300.3k $34.3m | Reduced -8.9k |
| Public Sector Pension Investment Board 0.15% of their portfolio | 295.7k $33.8m | Added +63.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 290.8k $33.2m | Added +30.9k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 282.0k $32.2m | Reduced -226.4k |
| Clearbridge Investments, LLC 0.03% of their portfolio | 271.1k $31.0m | Reduced -210.2k |
| Legal & General Group Plc 0.01% of their portfolio | 270.1k $30.9m | Reduced -8.0k |
| BURNEY CO/ 1.11% of their portfolio | 266.4k $30.4m | Reduced -207.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 264.6k $34.8m | Reduced -52.7k |
| Driehaus Capital Management LLC 0.29% of their portfolio | 259.6k $29.7m | New |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 253.0k $28.9m | Reduced -23.6k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 246.8k $13.5m | Reduced -54.7k |
| Squarepoint Ops LLC 0.07% of their portfolio | 236.8k $27.1m | New |
| COOKSON PEIRCE & CO INC 1.35% of their portfolio | 235.8k $26.9m | Added +199.2k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 228.0k $21.0m | Added +16.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 221.0k $25.2m | Reduced -3.8k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 209.4k $23.9m | Reduced -10.5k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 201.4k $23.0m | Added +565 |
| ROYCE & ASSOCIATES LP 0.23% of their portfolio | 189.3k $21.6m | Reduced -149.0k |
| Swiss National Bank 0.01% of their portfolio | 182.7k $20.9m | Reduced -2.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 181.6k $20.7m | Reduced -290.1k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 180.1k $20.6m | Reduced -22.4k |
| Synergy Asset Management, LLC 2.46% of their portfolio | 170.8k $19.5m | Reduced -291.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio | 166.5k $19.0m | Added +52.0k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 162.2k $18.5m | Reduced -906 |
| CITIGROUP INC 0.01% of their portfolio | 160.2k $18.3m | Added +15.9k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 157.7k $18.0m | Added +57.7k |
| S&T Bank/PA 5.39% of their portfolio | 144.3k $16.5m | Reduced -12.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 140.0k $16.0m | Added +41.3k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 137.1k $15.7m | Reduced -33.8k |
| SHELTON CAPITAL MANAGEMENT 0.35% of their portfolio | 128.7k $14.7m | Reduced -170 |
| BARCLAYS PLC 0.01% of their portfolio | 126.5k $14.4m | Reduced -42.1k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 2.93% of their portfolio | 122.6k $14.0m | Reduced -63.6k |
| Empowered Funds, LLC 0.20% of their portfolio | 122.3k $14.0m | Added +81.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 119.2k $13.6m | Added +82.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 117.9k $13.5m | Reduced -10.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 114.4k $13.1m | Added +15.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 110.6k $12.6m | Added +20.4k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 109.7k $12.5m | Added +20.8k |
| CAPITAL FUND MANAGEMENT S.A. 0.16% of their portfolio | 108.1k $12.4m | Reduced -12.9k |
| MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio | 105.6k $12.1m | Added +15.9k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 105.0k $12.0m | Added +308 |
| HighTower Advisors, LLC 0.02% of their portfolio | 100.3k $11.5m | Added +6.6k |
| Lisanti Capital Growth, LLC 3.38% of their portfolio | 99.5k $11.4m | Added +21.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 98.7k $11.3m | Added +23.0k |
| QRG CAPITAL MANAGEMENT, INC. 0.11% of their portfolio | 96.9k $11.1m | Added +558 |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 93.4k $10.7m | Added +18.4k |
| TANAKA CAPITAL MANAGEMENT INC 25.34% of their portfolio | 93.2k $10.6m | Reduced -18.4k |
| Cresset Asset Management, LLC 0.05% of their portfolio | 92.8k $10.6m | Reduced -7.2k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 92.2k $4.9m | Reduced -3.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 90.1k $10.3m | Added +3.1k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.23% of their portfolio | 85.9k $9.8m | Added +35.3k |
| BI Asset Management Fondsmaeglerselskab A/S 0.11% of their portfolio | 83.2k $9.5m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 77.9k $8.9m | Reduced -161.9k |
| Global IMC LLC 2.33% of their portfolio | 75.0k $8.6m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 73.6k $8.4m | First filing |
| ASSETMARK, INC 0.02% of their portfolio | 71.0k $8.1m | Added +14.4k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 68.5k $7.8m | Reduced -3.6k |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 67.4k $7.7m | Added +19.5k |
| Informed Momentum Co LLC 1.33% of their portfolio | 67.2k $7.7m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 67.0k $7.7m | Reduced -6.6k |
| INTECH INVESTMENT MANAGEMENT LLC 0.08% of their portfolio | 66.7k $7.6m | Added +14.6k |
| Birchview Capital, LP 6.55% of their portfolio | 66.0k $7.5m | Reduced -82.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 64.9k $7.4m | Added +10.1k |
| Vident Advisory, LLC 0.11% of their portfolio | 64.6k $7.4m | Reduced -45.2k |
| Calamos Advisors LLC 0.03% of their portfolio | 64.1k $7.3m | Added +24.8k |