CORVEL CORP CRVL
COM · Common Stock · CUSIP 221006109
American technology company
- SectorFinancials
- IndustryInsurance Agents, Brokers & Service
- HeadquartersPortland, OR
- Founded1988
- Websitecorvel.com
- FilingsSEC EDGAR
Q3 2024 share counts are adjusted for a 3-for-1 stock split, so holders aren't shown as buying or selling because of it.
* 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 ($6.7m this quarter). Holder counts are more reliable. Shares outstanding: 51.4m as of 2025-02-03, 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 ≈ $111.27. Options: 3 managers hold calls ($8.3m notional), 3 hold puts ($1.7m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 181 |
| Q4 2022 | 182 |
| Q1 2023 | 193 |
| Q2 2023 | 200 |
| Q3 2023 | 202 |
| Q4 2023 | 198 |
| Q1 2024 | 210 |
| Q2 2024 | 222 |
| Q3 2024 | 249 |
| Q4 2024 | 265 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 93 | 90 |
| Q2 2023 | 75 | 97 |
| Q3 2023 | 88 | 85 |
| Q4 2023 | 72 | 105 |
| Q1 2024 | 96 | 92 |
| Q2 2024 | 103 | 93 |
| Q3 2024 | 121 | 95 |
| Q4 2024 | 119 | 119 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $1.2m | $1.0m | 0.84 |
| Q2 2024 | $1.5m | $737.1k | 0.48 |
| Q3 2024 | $4.1m | $1.8m | 0.44 |
| Q4 2024 | $8.3m | $1.7m | 0.20 |
Biggest buyers
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO | Added | +81.6k |
| NORGES BANK | Added | +79.5k |
| Cerity Partners LLC | Added | +73.9k |
| BlackRock, Inc. | Added | +68.2k |
| GOLDMAN SACHS GROUP INC | Added | +49.7k |
| STATE STREET CORP | Added | +33.2k |
| VANGUARD GROUP INC | Added | +23.1k |
| MACKENZIE FINANCIAL CORP | New | +22.9k |
| Invesco Ltd. | Added | +22.5k |
| FIRST TRUST ADVISORS LP | Added | +22.0k |
Biggest sellers
| Assenagon Asset Management S.A. | Sold out | -139.4k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -123.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -103.8k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -68.3k |
| JPMORGAN CHASE & CO | Reduced | -52.0k |
| WELLS FARGO & COMPANY/MN | Reduced | -51.0k |
| JANE STREET GROUP, LLC | Reduced | -45.3k |
| TD Asset Management Inc | Sold out | -35.1k |
| CITADEL ADVISORS LLC | Sold out | -31.2k |
| Nuveen Asset Management, LLC | Reduced | -29.1k |
Biggest calls
| PEAK6 LLC | First filing | $5.8m52.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.5m22.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| D. E. Shaw & Co., Inc. | New | $1.3m12.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $333.8k3.0k 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 Q4 2024
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 |
|---|---|---|---|---|---|
| Q1 2023 | 0 | — | 6 | $11.8m | — |
| Q2 2023 | 0 | — | 4 | $1.5m | — |
| Q3 2023 | 0 | — | 7 | $9.4m | — |
| Q4 2023 | 0 | — | 2 | $2.2m | — |
| Q1 2024 | 0 | — | 7 | $5.4m | — |
| Q2 2024 | 0 | — | 4 | $1.6m | — |
| Q3 2024 | 0 | — | 8 | $8.4m | — |
| Q4 2024 | 0 | — | 4 | $12.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-05 | Bertels Mark E. EVP - Risk Management Services | Sold | $125.1k350 shares |
| 2024-12-02 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $2.2m6.0k shares |
| 2024-11-29 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $735.0k2.0k shares |
| 2024-11-26 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $736.0k2.0k shares |
| 2024-11-25 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $750.0k2.0k shares |
| 2024-11-22 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $2.6m7.2k shares |
| 2024-11-19 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $289.6k800 shares |
| 2024-11-12 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $726.2k2.0k shares |
| 2024-11-11 | Combs Michael G CEO & President | Sold | $1.0m2.9k shares |
| 2024-11-11 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $730.0k2.0k shares |
| 2024-11-08 | CLEMONS V GORDON Chairman of the Board, director · Spouse Living Trust | Sold | $362.3k1.0k shares |
| 2024-11-07 | HOOPS ALAN Director | Sold | $1.4m4.1k shares |
| 2024-11-07 | HOOPS ALAN Director | Sold | $518.3k1.5k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.46% of their portfolio | 5.7m $635.8m | Reduced -123.4k |
| BlackRock, Inc. 0.01% of their portfolio | 4.5m $499.7m | Added +68.2k |
| VANGUARD GROUP INC 0.01% of their portfolio | 3.3m $365.1m | Added +23.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.31% of their portfolio | 1.9m $206.8m | Reduced -103.8k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.5m $172.0m | Reduced -68.3k |
| STATE STREET CORP 0.00% of their portfolio | 1.1m $123.9m | Added +33.2k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 845.5k $94.1m | Added +12.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 774.7k $86.2m | Added +13.0k |
| Boston Trust Walden Corp 0.54% of their portfolio | 690.1k $76.8m | Reduced -7.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 625.6k $69.6m | Reduced -3.4k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 447.7k $49.8m | Reduced -51.0k |
| MORGAN STANLEY 0.00% of their portfolio | 392.3k $43.7m | Reduced -25.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 379.7k $42.3m | Added +13.2k |
| NORGES BANK 0.01% of their portfolio | 372.0k $41.4m | Added +79.5k |
| Invesco Ltd. 0.01% of their portfolio | 284.8k $31.7m | Added +22.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 261.6k $29.1m | Added +2.9k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 225.8k $25.1m | First filing |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 185.9k $20.7m | Added +49.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 183.4k $20.4m | Reduced -10.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 176.6k $19.7m | Reduced -52.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 139.8k $15.6m | Added +4.6k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 136.9k $15.2m | Added +12.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 109.1k $12.1m | Reduced -20.3k |
| ALGERT GLOBAL LLC 0.26% of their portfolio | 97.6k $10.9m | Added +797 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 93.6k $10.4m | Added +9.6k |
| West Coast Financial LLC 1.11% of their portfolio | 90.5k $10.1m | Added +408 |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 90.5k $10.1m | Reduced -7.6k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.04% of their portfolio | 85.4k $9.5m | Added +81.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 84.7k $9.4m | Added +2.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 84.3k $9.4m | Added +7.4k |
| Cerity Partners LLC 0.02% of their portfolio | 81.0k $9.5m | Added +73.9k |
| Legal & General Group Plc 0.00% of their portfolio | 79.2k $8.8m | Added +1.5k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 78.3k $8.7m | Added +5.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 76.2k $8.5m | Reduced -4.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 75.6k $8.4m | Reduced -29.1k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 69.6k $7.7m | Added +22.0k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 67.7k $7.5m | Added +9.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 60.2k $6.7m | Unchanged |
| REGIONS FINANCIAL CORP 0.05% of their portfolio | 60.1k $6.7m | Reduced -2.3k |
| CHATHAM CAPITAL GROUP, INC. 1.02% of their portfolio | 55.5k $6.2m | Reduced -3.5k |
| Swiss National Bank 0.00% of their portfolio | 55.5k $6.2m | Unchanged |
| Granahan Investment Management, LLC 0.25% of their portfolio | 54.4k $6.0m | Reduced -17.1k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 51.6k $5.7m | Reduced -2.2k |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 49.5k $5.5m | Reduced -4.5k |
| BARCLAYS PLC 0.00% of their portfolio | 49.4k $5.5m | Added +1.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 48.4k $5.4m | Added +264 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 45.6k $5.1m | Reduced -1.6k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 43.6k $4.9m | Reduced -3.4k |
| CITIGROUP INC 0.00% of their portfolio | 42.7k $4.8m | Added +7.7k |
| UBS Group AG 0.00% of their portfolio | 42.2k $4.7m | Added +4.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 41.8k $4.6m | Reduced -10.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 34.8k $3.9m | Added +1.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 33.7k $3.7m | Reduced -900 |
| WINTON GROUP Ltd 0.24% of their portfolio | 32.6k $3.6m | Added +21.2k |
| NewEdge Wealth, LLC 0.06% of their portfolio | 31.2k $3.5m | Reduced -5.5k |
| Vestmark Advisory Solutions, Inc. 0.12% of their portfolio | 31.1k $3.5m | Reduced -78 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 26.4k $2.9m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 26.3k $2.9m | Reduced -357 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 26.2k $2.9m | Unchanged |
| MARTINGALE ASSET MANAGEMENT L P 0.07% of their portfolio | 26.1k $2.9m | Reduced -720 |
| COMERICA BANK 0.01% of their portfolio | 25.6k $2.9m | Reduced -207 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 25.5k $2.8m | Added +363 |
| LYELL WEALTH MANAGEMENT, LP 0.25% of their portfolio | 25.4k $2.8m | Reduced -1.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 24.2k $2.7m | Added +8.0k |
| Illinois Municipal Retirement Fund 0.04% of their portfolio | 23.0k $2.6m | Reduced -210 |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 22.9k $2.2m | New |
| &PARTNERS 0.03% of their portfolio | 21.8k $2.4m | Added +19.7k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 21.2k $2.4m | Reduced -3.1k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 21.0k $2.3m | Reduced -342 |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 20.2k $2.2m | Reduced -5.5k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 17.7k $2.0m | Added +1.3k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 17.6k $2.0m | Reduced -1.5k |
| FRED ALGER MANAGEMENT, LLC 0.01% of their portfolio | 17.4k $1.9m | New |
| MetLife Investment Management, LLC 0.01% of their portfolio | 16.1k $1.8m | Added +669 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 15.9k $1.8m | Reduced -45.3k |
| Man Group plc 0.01% of their portfolio | 15.8k $1.8m | Reduced -2.3k |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 15.5k $1.7m | Reduced -117 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 15.1k $1.7m | Added +597 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 14.9k $1.7m | Reduced -379 |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 14.4k $1.6m | New |
| Atria Investments, Inc 0.02% of their portfolio | 14.2k $1.6m | Added +1.5k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 14.2k $1.6m | Reduced -1.1k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 13.9k $1.5m | Reduced -774 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 13.8k $1.5m | Added +35 |
| FMR LLC 0.00% of their portfolio | 13.5k $1.5m | Added +611 |
| Louisiana State Employees Retirement System 0.03% of their portfolio | 13.2k $1.5m | Unchanged |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 13.1k $1.5m | Reduced -3.7k |
| SkyView Investment Advisors, LLC 0.23% of their portfolio | 13.1k $1.5m | Added +30 |
| Nebula Research & Development LLC 0.17% of their portfolio | 12.7k $1.4m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 12.1k $1.4m | New |
| BEARING POINT CAPITAL, LLC 0.28% of their portfolio | 12.0k $1.3m | First filing |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 11.6k $1.3m | Reduced -294 |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 11.2k $1.2m | Reduced -274 |
| LPL Financial LLC 0.00% of their portfolio | 10.8k $1.2m | Reduced -638 |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 10.3k $1.2m | Added +5.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 10.1k $1.1m | Added +5.2k |
| OneDigital Investment Advisors LLC 0.01% of their portfolio | 10.0k $1.1m | Reduced -182 |
| Jump Financial, LLC 0.02% of their portfolio | 10.0k $1.1m | Added +600 |
| STRS OHIO 0.00% of their portfolio | 9.6k $1.1m | Reduced -300 |
| Maryland State Retirement & Pension System 0.02% of their portfolio | 9.1k $1.0m | Reduced -69 |