CORVEL CORP CRVL
COM · Common Stock · CUSIP 221006109
American technology company
- SectorFinancials
- IndustryInsurance Agents, Brokers & Service
- HeadquartersPortland, OR
- Founded1988
- Websitecorvel.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 ($4.2m this quarter). Holder counts are more reliable. Shares outstanding: 17.2m as of 2023-01-30, 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 ≈ $190.62. Options: 2 managers hold calls ($951.4k notional), 2 hold puts ($951.4k).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 181 |
| Q4 2022 | 182 |
| Q1 2023 | 193 |
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 | 77 | 82 |
| Q1 2023 | 93 | 90 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $0 | $0 | — |
| Q4 2022 | $537.7k | $0 | 0.00 |
| Q1 2023 | $951.4k | $951.4k | 1.00 |
Biggest buyers
| Assenagon Asset Management S.A. | Added | +106.4k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Added | +74.4k |
| Invesco Ltd. | Added | +47.2k |
| MORGAN STANLEY | Added | +24.4k |
| TUDOR INVESTMENT CORP ET AL | New | +23.6k |
| WELLS FARGO & COMPANY/MN | Added | +20.7k |
| Cubist Systematic Strategies, LLC | Added | +15.3k |
| West Coast Financial LLC | New | +13.8k |
| Man Group plc | New | +13.7k |
| Jump Financial, LLC | New | +11.1k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -46.7k |
| BlackRock Inc. | Reduced | -38.8k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -19.2k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -10.8k |
| ExodusPoint Capital Management, LP | Sold out | -9.6k |
| HRT FINANCIAL LP | Reduced | -8.7k |
| JANE STREET GROUP, LLC | Reduced | -8.4k |
| Granahan Investment Management, LLC | Reduced | -5.1k |
| Ergoteles LLC | Sold out | -5.0k |
| Summit Global Investments | Reduced | -4.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $951.4k5.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $951.4k5.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| Corstar Holdings, Inc. 13G · exempt (held before listing) filed 2025-02-14 | 38.0% |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 13G · institution filed 2026-02-13 | 9.7% |
Fell to 5% or below in the last year: 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 | — | 6 | $12.4m | — |
| Q1 2022 | 0 | — | 3 | $3.7m | — |
| Q2 2022 | 0 | — | 7 | $6.1m | — |
| Q3 2022 | 0 | — | 7 | $4.0m | — |
| Q4 2022 | 0 | — | 2 | $2.2m | — |
| Q1 2023 | 0 | — | 6 | $11.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-21 | CORSTAR HOLDINGS INC 10% owner | Sold plan | $1.9m10.0k shares |
| 2023-03-20 | CORSTAR HOLDINGS INC 10% owner | Sold plan | $1.9m10.0k shares |
| 2023-03-16 | CORSTAR HOLDINGS INC 10% owner | Sold plan | $3.2m17.2k shares |
| 2023-03-14 | Shishin Maxim Chief Information Officer | Sold | $383.1k2.1k shares |
| 2023-03-13 | O'Brien Brandon Chief Financial Officer | Sold | $359.9k2.0k shares |
| 2023-03-06 | CORSTAR HOLDINGS INC 10% owner | Sold | $14.2k77 shares |
| 2023-03-03 | CORSTAR HOLDINGS INC 10% owner | Sold | $55.2k300 shares |
| 2023-03-01 | CORSTAR HOLDINGS INC 10% owner | Sold | $833.7k4.6k shares |
| 2023-02-28 | CORSTAR HOLDINGS INC 10% owner | Sold | $833.0k4.6k shares |
| 2023-02-28 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $455.0k2.5k shares |
| 2023-02-27 | CORSTAR HOLDINGS INC 10% owner | Sold | $2.4m13.3k shares |
| 2023-02-24 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $457.5k2.5k shares |
| 2023-02-22 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $455.0k2.5k shares |
| 2023-02-17 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $921.8k5.0k shares |
| 2023-02-16 | Combs Michael G CEO & President | Sold | $340.9k1.9k shares |
| 2023-02-15 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $457.5k2.5k shares |
| 2023-02-14 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $460.0k2.5k shares |
| 2023-02-14 | Shishin Maxim Chief Information Officer | Sold | $91.1k500 shares |
| 2023-02-13 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $457.5k2.5k shares |
| 2023-02-09 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $463.1k2.5k shares |
| 2023-02-08 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $937.5k5.0k shares |
| 2023-02-08 | O'Brien Brandon Chief Financial Officer | Sold | $308.8k1.7k shares |
| 2023-02-07 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $921.2k5.0k shares |
| 2023-02-07 | Yoss Jennifer Vice President of Accounting | Sold | $294.0k1.6k shares |
| 2023-02-07 | Bertels Mark E. EVP - Risk Management Services | Sold | $231.2k1.2k shares |
| 2023-02-06 | O'Brien Brandon Chief Financial Officer | Sold | $261.7k1.4k shares |
| 2023-02-03 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $1.3m7.2k shares |
| 2023-02-02 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $1.9m10.3k shares |
| 2023-02-02 | Yoss Jennifer Vice President of Accounting | Sold | $281.7k1.5k 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 2023
| Manager | Shares | Change |
|---|---|---|
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.11% of their portfolio | 2.0m $376.1m | Added +74.4k |
| BlackRock Inc. 0.01% of their portfolio | 1.5m $279.5m | Reduced -38.8k |
| VANGUARD GROUP INC 0.01% of their portfolio | 1.1m $211.4m | Added +4.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.18% of their portfolio | 725.4k $138.0m | Reduced -19.2k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 611.5k $116.4m | Reduced -10.8k |
| STATE STREET CORP 0.00% of their portfolio | 340.1k $64.7m | Added +2.8k |
| Boston Trust Walden Corp 0.41% of their portfolio | 252.3k $48.0m | Added +7.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 235.5k $44.8m | Reduced -46.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 196.7k $37.4m | Reduced -463 |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 127.1k $24.2m | Added +20.7k |
| Assenagon Asset Management S.A. 0.09% of their portfolio | 124.7k $23.7m | Added +106.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 108.7k $20.7m | Added +89 |
| MORGAN STANLEY 0.00% of their portfolio | 102.6k $19.5m | Added +24.4k |
| Invesco Ltd. 0.01% of their portfolio | 99.8k $19.0m | Added +47.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 84.2k $16.0m | Reduced -337 |
| NORGES BANK 0.00% of their portfolio | 75.5k $14.4m | Added +3.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 68.3k $13.0m | Added +474 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 55.7k $10.6m | Reduced -1.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 45.3k $8.6m | Added +3.6k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 43.0k $8.2m | Added +4.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 38.5k $7.3m | Reduced -699 |
| Granahan Investment Management, LLC 0.22% of their portfolio | 37.4k $7.1m | Reduced -5.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 35.5k $6.8m | Reduced -824 |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 35.0k $6.7m | Added +455 |
| ALGERT GLOBAL LLC 0.27% of their portfolio | 30.4k $5.8m | Added +4.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 28.9k $5.5m | Added +1.5k |
| Legal & General Group Plc 0.00% of their portfolio | 26.8k $5.1m | Reduced -402 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 24.6k $4.7m | Reduced -1.3k |
| TUDOR INVESTMENT CORP ET AL 0.09% of their portfolio | 23.6k $4.5m | New |
| Cubist Systematic Strategies, LLC 0.04% of their portfolio | 21.7k $4.1m | Added +15.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 20.9k $4.0m | Added +4.6k |
| Swiss National Bank 0.00% of their portfolio | 20.5k $3.9m | Reduced -2.6k |
| CHATHAM CAPITAL GROUP, INC. 0.82% of their portfolio | 19.2k $3.6m | Added +12 |
| AXA S.A. 0.01% of their portfolio | 19.1k $3.6m | Reduced -800 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 17.9k $3.4m | Added +8.4k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 17.8k $3.4m | Added +596 |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 17.8k $3.4m | Added +5.8k |
| REGIONS FINANCIAL CORP 0.03% of their portfolio | 16.6k $3.2m | Added +1.1k |
| UBS Group AG 0.00% of their portfolio | 16.4k $3.1m | Added +1.5k |
| TD Asset Management Inc 0.00% of their portfolio | 16.2k $3.1m | Reduced -2.0k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 16.0k $3.0m | Reduced -652 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 15.6k $3.0m | Added +2.7k |
| Hillsdale Investment Management Inc. 0.25% of their portfolio | 15.6k $3.0m | Reduced -400 |
| West Coast Financial LLC 0.40% of their portfolio | 13.8k $2.6m | New |
| Man Group plc 0.01% of their portfolio | 13.7k $2.6m | New |
| STRS OHIO 0.00% of their portfolio | 13.5k $2.6m | Added +8.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 12.6k $2.4m | Reduced -649 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 12.6k $2.4m | Added +726 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 11.9k $2.3m | Reduced -2.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 11.6k $2.2m | Reduced -268 |
| Bridgewater Associates, LP 0.01% of their portfolio | 11.2k $2.1m | Added +399 |
| Jump Financial, LLC 0.09% of their portfolio | 11.1k $2.1m | New |
| LYELL WEALTH MANAGEMENT, LP 0.29% of their portfolio | 10.9k $2.1m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 10.8k $2.1m | New |
| WINTON GROUP Ltd 0.12% of their portfolio | 10.7k $2.0m | Reduced -70 |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 10.4k $2.0m | Added +500 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 10.4k $2.0m | Reduced -251 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 9.6k $1.8m | Reduced -164 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 9.2k $1.8m | Reduced -300 |
| MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio | 9.2k $1.7m | Added +200 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 9.0k $1.7m | Reduced -373 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 8.8k $1.7m | Reduced -1.3k |
| Vestmark Advisory Solutions, Inc. 0.07% of their portfolio | 8.4k $1.6m | Reduced -283 |
| NewEdge Wealth, LLC 0.06% of their portfolio | 8.4k $1.6m | Reduced -396 |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 8.2k $1.6m | Added +2.0k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 8.1k $1.5m | Reduced -1.7k |
| AVIVA PLC 0.01% of their portfolio | 7.8k $1.5m | Added +924 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 7.6k $1.4m | Reduced -64 |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 7.6k $1.4m | Added +1.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 7.2k $1.4m | Added +5.8k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 6.9k $1.3m | Reduced -583 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 6.8k $1.3m | Added +1.7k |
| Summit Global Investments 0.10% of their portfolio | 6.7k $1.3m | Reduced -4.9k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 6.6k $1.2m | Reduced -134 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 6.4k $1.2m | Reduced -8.4k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 6.2k $1.2m | Reduced -140 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio | 5.9k $1.1m | Unchanged |
| Engineers Gate Manager LP 0.05% of their portfolio | 5.9k $1.1m | Added +3.0k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 5.5k $1.0m | Reduced -685 |
| CITIGROUP INC 0.00% of their portfolio | 5.5k $1.0m | Reduced -989 |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 5.4k $1.0m | Added +3.5k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 5.1k $969.9k | Reduced -3.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 5.1k $969.7k | Added +1.8k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 4.8k $911.8k | Reduced -45 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 4.7k $895.1k | Reduced -217 |
| Trexquant Investment LP 0.02% of their portfolio | 4.6k $879.7k | Reduced -111 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 4.6k $875.3k | Reduced -2.2k |
| SG Americas Securities, LLC 0.01% of their portfolio | 4.5k $850.0k | Added +3.6k |
| BARCLAYS PLC 0.00% of their portfolio | 4.4k $844.5k | Added +90 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 4.3k $815.7k | Added +2.3k |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 4.2k $799.2k | Reduced -100 |
| AMALGAMATED BANK 0.01% of their portfolio | 4.1k $780.0k | Reduced -307 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 3.7k $703.8k | Added +11 |
| Maryland State Retirement & Pension System 0.02% of their portfolio | 3.7k $696.8k | Reduced -105 |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 3.7k $694.9k | Reduced -573 |
| Graham Capital Management, L.P. 0.02% of their portfolio | 3.6k $683.3k | Reduced -329 |
| SkyView Investment Advisors, LLC 0.16% of their portfolio | 3.6k $683.0k | Added +429 |
| PATHSTONE FAMILY OFFICE, LLC 0.01% of their portfolio | 3.5k $666.0k | Reduced -4.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 3.5k $663.1k | Reduced -32 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 3.5k $661.8k | Reduced -700 |