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 ($14.5m this quarter). Holder counts are more reliable. Shares outstanding: 105.4m as of 2025-07-24, 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 ≈ $74.31. Options: 13 managers hold calls ($51.5m notional), 18 hold puts ($84.9m).
Trends to Q2 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 |
| Q2 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 |
|---|---|---|
| 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 |
| Q2 2025 | 221 | 222 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $54.3m | $33.3m | 0.61 |
| Q4 2024 | $58.4m | $73.7m | 1.26 |
| Q1 2025 | $192.8m | $334.8m | 1.74 |
| Q2 2025 | $51.5m | $84.9m | 1.65 |
Biggest buyers
| Clearbridge Investments, LLC | Added | +896.8k |
| TD Asset Management Inc | New | +819.9k |
| Epoch Investment Partners, Inc. | New | +765.4k |
| T. Rowe Price Investment Management, Inc. | New | +566.3k |
| CITADEL ADVISORS LLC | Added | +417.7k |
| Checkpoint Capital L.P. | Added | +338.9k |
| Catalio Capital Management, LP | New | +239.1k |
| Driehaus Capital Management LLC | Added | +221.7k |
| HRT FINANCIAL LP | New | +201.0k |
| EMERALD ADVISERS, LLC | Added | +179.9k |
Biggest sellers
| BlackRock, Inc. | Reduced | -2.2m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -894.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -703.4k |
| STATE STREET CORP | Reduced | -434.3k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -433.2k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -408.0k |
| FIRST TRUST ADVISORS LP | Reduced | -387.1k |
| NORTHERN TRUST CORP | Reduced | -369.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -344.4k |
| VANGUARD GROUP INC | Reduced | -301.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.4m182.1k shares |
| GROUP ONE TRADING LLC | Reduced | $9.9m134.6k shares |
| CITADEL ADVISORS LLC | Reduced | $6.9m94.2k shares |
| Caption Management, LLC | Reduced | $6.0m81.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.8m78.8k shares |
| JANE STREET GROUP, LLC | Reduced | $3.4m46.8k shares |
| WOLVERINE TRADING, LLC | New | $2.7m36.8k shares |
| Walleye Capital LLC | Reduced | $880.8k12.0k shares |
| Squarepoint Ops LLC | Added | $800.1k10.9k shares |
| Walleye Trading LLC | Reduced | $763.4k10.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.8m215.2k shares |
| Hudson Bay Capital Management LP | New | $11.0m150.0k shares |
| DIADEMA PARTNERS LP | Reduced | $7.4m100.2k shares |
| Caption Management, LLC | Reduced | $7.3m100.0k shares |
| CITADEL ADVISORS LLC | Reduced | $6.5m87.9k shares |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | Reduced | $5.9m80.0k shares |
| WOLVERINE TRADING, LLC | New | $5.5m75.3k shares |
| Squarepoint Ops LLC | New | $5.1m70.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.6m62.6k shares |
| JANE STREET GROUP, LLC | Reduced | $4.0m54.6k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2025 | 0 | — | 7 | $19.2m | $16.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-16 | Robb Gary Charles Chief Business Officer | Sold | $225.4k3.2k shares |
| 2025-06-10 | Guyer William Chief Development Officer | Sold plan | $1.4m20.0k shares |
| 2025-06-10 | Swisher Daniel N JR Director | Sold plan | $155.3k2.2k shares |
| 2025-06-02 | BELANOFF JOSEPH K Chief Executive Officer, director · Joseph K. Belanoff and Katherine A. Blenko Revocable Living Trust DTD 04/29/02 | Sold plan | $3.3m40.0k shares |
| 2025-06-02 | Maduck Sean Officer | Sold plan | $1.6m20.0k shares |
| 2025-06-02 | Lyon Joseph Douglas Officer | Sold plan | $390.2k5.0k shares |
| 2025-05-20 | Robb Gary Charles Chief Business Officer | Sold | $172.9k2.3k shares |
| 2025-05-16 | Guyer William Chief Development Officer | Sold plan | $2.4m32.3k shares |
| 2025-05-16 | MAHONEY DAVID L Director | Sold | $2.0m27.4k shares |
| 2025-05-12 | Swisher Daniel N JR Director | Sold plan | $158.5k2.2k shares |
| 2025-05-06 | Guyer William Chief Development Officer | Sold plan | $524.6k7.1k shares |
| 2025-05-02 | BELANOFF JOSEPH K Chief Executive Officer, director · Joseph K. Belanoff and Katherine A. Blenko Revocable Living Trust DTD 04/29/02 | Sold plan | $2.9m40.0k shares |
| 2025-05-02 | Maduck Sean Officer | Sold plan | $1.9m26.6k shares |
| 2025-05-01 | Maduck Sean Officer | Sold plan | $924.9k12.9k shares |
| 2025-05-01 | Lyon Joseph Douglas Officer | Sold plan | $672.8k9.3k shares |
| 2025-04-10 | Swisher Daniel N JR Director | Sold plan | $154.5k2.2k shares |
| 2025-04-01 | Guyer William Chief Development Officer | Sold plan | $77.6k678 shares |
| 2025-04-01 | Lyon Joseph Douglas Officer | Sold plan | $74.4k650 shares |
| 2025-04-01 | Maduck Sean Officer | Sold plan | $67.6k590 shares |
| 2025-04-01 | BELANOFF JOSEPH K Chief Executive Officer, director · Joseph K. Belanoff and Katherine A. Blenko Revocable Living Trust DTD 04/29/02 | Sold plan | $40.1k350 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 12.5m $919.8m | Reduced -2.2m |
| VANGUARD GROUP INC 0.01% of their portfolio | 9.7m $710.6m | Reduced -301.4k |
| INGALLS & SNYDER LLC 20.18% of their portfolio | 7.7m $566.9m | Reduced -19.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.61% of their portfolio | 6.3m $460.0m | Added +123.4k |
| Parallel Advisors, LLC 5.68% of their portfolio | 3.9m $284.1m | Reduced -101.3k |
| STATE STREET CORP 0.01% of their portfolio | 3.0m $217.8m | Reduced -434.3k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.1m $153.1m | Reduced -51.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.9m $141.1m | Reduced -344.4k |
| MORGAN STANLEY 0.01% of their portfolio | 1.6m $118.5m | Added +75.6k |
| FMR LLC 0.01% of their portfolio | 1.4m $99.6m | Reduced -121.8k |
| Clearbridge Investments, LLC 0.07% of their portfolio | 1.2m $85.7m | Added +896.8k |
| Invesco Ltd. 0.01% of their portfolio | 1.0m $75.7m | Reduced -214.5k |
| NORGES BANK 0.01% of their portfolio | 981.6k $72.0m | Added +132.7k |
| TD Asset Management Inc 0.05% of their portfolio | 819.9k $60.2m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 814.5k $59.8m | Reduced -217.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 788.8k $57.9m | Reduced -703.4k |
| Epoch Investment Partners, Inc. 0.29% of their portfolio | 765.4k $56.2m | New |
| Cerity Partners LLC 0.10% of their portfolio | 746.6k $54.8m | Added +131.8k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 673.1k $49.4m | Reduced -27.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 652.3k $47.9m | Reduced -369.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 638.7k $46.9m | Added +55.6k |
| JUPITER ASSET MANAGEMENT LTD 0.37% of their portfolio | 601.4k $44.1m | Reduced -2.5k |
| Boston Trust Walden Corp 0.30% of their portfolio | 572.1k $42.0m | Reduced -12.7k |
| T. Rowe Price Investment Management, Inc. 0.03% of their portfolio | 566.3k $41.6m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 560.7k $41.2m | Added +55.3k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 537.2k $39.4m | Reduced -387.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 535.4k $39.3m | Added +5.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 489.3k $35.9m | Added +156.2k |
| Driehaus Capital Management LLC 0.28% of their portfolio | 481.3k $35.3m | Added +221.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.13% of their portfolio | 455.5k $33.4m | Reduced -894.2k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 446.0k $32.7m | Added +417.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 419.2k $30.8m | Added +154.6k |
| Man Group plc 0.07% of their portfolio | 410.1k $30.1m | Reduced -219.0k |
| Checkpoint Capital L.P. 11.76% of their portfolio | 343.9k $25.2m | Added +338.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 330.6k $24.3m | Added +109.7k |
| Public Sector Pension Investment Board 0.10% of their portfolio | 321.8k $23.6m | Added +26.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio | 318.0k $23.3m | Reduced -433.2k |
| FAS Wealth Partners, Inc. 1.64% of their portfolio | 302.4k $22.2m | Added +2.2k |
| Legal & General Group Plc 0.01% of their portfolio | 298.8k $21.9m | Added +28.7k |
| BRAUN STACEY ASSOCIATES INC 0.76% of their portfolio | 287.3k $21.1m | Reduced -79.4k |
| Aberdeen Group plc 0.03% of their portfolio | 278.6k $20.4m | Reduced -30.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 262.8k $19.3m | Reduced -28.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 260.6k $19.1m | Reduced -21.4k |
| Synergy Asset Management, LLC 2.17% of their portfolio | 258.5k $19.0m | Added +87.7k |
| BURNEY CO/ 0.62% of their portfolio | 250.1k $18.4m | Reduced -16.3k |
| EMERALD ADVISERS, LLC 0.65% of their portfolio | 242.1k $17.8m | Added +179.9k |
| Catalio Capital Management, LP 3.68% of their portfolio | 239.1k $17.6m | New |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 233.0k $17.1m | Reduced -20.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 225.4k $16.5m | Reduced -77.5k |
| COOKSON PEIRCE & CO INC 0.70% of their portfolio | 217.4k $16.0m | Reduced -18.4k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 214.6k $14.9m | Reduced -13.4k |
| HRT FINANCIAL LP 0.08% of their portfolio | 201.0k $14.8m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 186.5k $13.7m | Reduced -14.9k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 186.2k $13.7m | Reduced -121.1k |
| Swiss National Bank 0.01% of their portfolio | 181.4k $13.3m | Reduced -1.3k |
| ROYCE & ASSOCIATES LP 0.13% of their portfolio | 168.6k $12.4m | Reduced -20.8k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 156.2k $11.5m | Reduced -53.1k |
| Nuveen, LLC 0.00% of their portfolio | 156.0k $11.5m | Reduced -155.5k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 153.3k $11.3m | Reduced -8.9k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.67% of their portfolio | 150.9k $11.1m | Added +113.1k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 1.63% of their portfolio | 147.6k $10.8m | Added +25.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 147.1k $10.8m | Added +82.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 137.6k $10.1m | Reduced -2.4k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 130.1k $9.5m | Reduced -176.7k |
| S&T Bank/PA 2.79% of their portfolio | 125.1k $9.2m | Reduced -19.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 123.5k $9.1m | Added +5.6k |
| MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio | 120.0k $8.8m | Added +14.4k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 116.0k $8.5m | Added +30.1k |
| Livforsakringsbolaget Skandia, Omsesidigt 3.58% of their portfolio | 113.2k $82.2m | Added +111.2k |
| QRG CAPITAL MANAGEMENT, INC. 0.07% of their portfolio | 110.8k $8.1m | Added +13.8k |
| UBS Group AG 0.00% of their portfolio | 107.0k $7.9m | Reduced -265.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 105.0k $7.7m | Added +27.1k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 104.7k $7.7m | Reduced -142.1k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 97.6k $7.2m | Reduced -7.4k |
| CITIGROUP INC 0.00% of their portfolio | 97.3k $7.1m | Reduced -62.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 96.2k $7.1m | New |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 95.3k $7.0m | Reduced -14.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 95.2k $7.0m | Reduced -24.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 94.3k $6.9m | Reduced -20.1k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 92.4k $4.9m | Added +175 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 91.0k $6.7m | Added +858 |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 87.2k $6.4m | Added +19.8k |
| Illinois Municipal Retirement Fund 0.09% of their portfolio | 85.7k $6.3m | Added +34.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio | 84.4k $6.2m | Reduced -23.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 81.6k $6.0m | Reduced -11.8k |
| Squarepoint Ops LLC 0.01% of their portfolio | 81.5k $6.0m | Reduced -155.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 75.8k $5.6m | New |
| Weiss Asset Management LP 0.09% of their portfolio | 73.6k $5.4m | Not comparable |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 72.6k $5.3m | Added +54.1k |
| LPL Financial LLC 0.00% of their portfolio | 69.6k $5.1m | Added +7.5k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 69.4k $5.1m | Added +905 |
| Calamos Advisors LLC 0.02% of their portfolio | 69.2k $5.1m | Added +5.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 69.1k $5.1m | Reduced -68.0k |
| Birchview Capital, LP 4.90% of their portfolio | 67.2k $4.9m | Added +1.2k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 64.9k $4.8m | Added +9.0k |
| Linden Thomas Advisory Services, LLC 0.51% of their portfolio | 63.6k $4.7m | Reduced -92 |
| Coppell Advisory Solutions LLC 0.33% of their portfolio | 63.2k $4.6m | Added +45.9k |
| ASSETMARK, INC 0.01% of their portfolio | 61.8k $4.5m | Reduced -9.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 61.3k $4.5m | Reduced -408.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 60.8k $4.5m | Reduced -119.3k |