CUMBERLAND PHARMACEUTICALS I CPIX
COM · Common Stock · CUSIP 230770109
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersNashville,, TN
- 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. Holder counts are more reliable. Shares outstanding: 15.0m as of 2026-08-05, 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 ≈ $6.48. Options: 4 managers hold calls ($1.7m notional), 4 hold puts ($861.2k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 18 |
| Q4 2022 | 24 |
| Q1 2023 | 22 |
| Q2 2023 | 24 |
| Q3 2023 | 22 |
| Q4 2023 | 26 |
| Q1 2024 | 24 |
| Q2 2024 | 24 |
| Q3 2024 | 23 |
| Q4 2024 | 21 |
| Q1 2025 | 34 |
| Q2 2025 | 32 |
| Q3 2025 | 30 |
| Q4 2025 | 27 |
| Q1 2026 | 29 |
| Q2 2026 | 32 |
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 2024 | 7 | 7 |
| Q4 2024 | 4 | 12 |
| Q1 2025 | 18 | 9 |
| Q2 2025 | 15 | 18 |
| Q3 2025 | 9 | 16 |
| Q4 2025 | 8 | 18 |
| Q1 2026 | 12 | 15 |
| Q2 2026 | 18 | 12 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $101.2k | $113.3k | 1.12 |
| Q4 2025 | $233.2k | $214.1k | 0.92 |
| Q1 2026 | $399.1k | $144.9k | 0.36 |
| Q2 2026 | $1.7m | $861.2k | 0.50 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +56.7k |
| JANE STREET GROUP, LLC | Added | +42.1k |
| BAILARD, INC. | New | +24.6k |
| Quadrature Capital Ltd | New | +24.0k |
| UBS Group AG | Added | +21.1k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +17.7k |
| TWO SIGMA INVESTMENTS, LP | Added | +12.9k |
| VANGUARD FIDUCIARY TRUST CO | Added | +9.3k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +7.6k |
| BlackRock, Inc. | Added | +6.7k |
Biggest sellers
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -137.3k |
| PERCEPTIVE ADVISORS LLC | Reduced | -100.0k |
| J. Goldman & Co LP | Sold out | -81.0k |
| Ikarian Capital, LLC | Reduced | -50.0k |
| ACADIAN ASSET MANAGEMENT LLC | Sold out | -44.3k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -43.1k |
| Marex Group Ltd | Sold out | -36.4k |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | -15.2k |
| XTX Topco Ltd | Reduced | -9.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -5.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.3m200.7k shares |
| JANE STREET GROUP, LLC | Added | $218.4k33.7k shares |
| SIMPLEX TRADING, LLC | Added | $172.4k26.6k shares |
| GROUP ONE TRADING LLC | Reduced | $25.9k4.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $516.5k79.7k shares |
| CITADEL ADVISORS LLC | Added | $149.7k23.1k shares |
| JANE STREET GROUP, LLC | Added | $137.4k21.2k shares |
| SIMPLEX TRADING, LLC | Added | $57.7k8.9k 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 |
|---|---|
| KAZIMI A J 13G · exempt (held before listing) -2.4 pts · filed 2026-02-09 | 38.4% |
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 4 | $33.5k | 0 | — | — |
| Q1 2025 | 4 | $5.8k | 0 | — | — |
| Q2 2025 | 4 | $17.7k | 0 | — | — |
| Q3 2025 | 4 | $13.4k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Ikarian Capital, LLC 0.53% of their portfolio | 503.2k $3.3m | Reduced -50.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 478.3k $3.1m | Added +7.6k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 379.5k $2.5m | Added +17.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 233.3k $1.5m | Reduced -43.1k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 112.5k $729.3k | Reduced -15.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 108.4k $702.6k | Reduced -5.9k |
| PERCEPTIVE ADVISORS LLC 0.01% of their portfolio | 97.0k $628.4k | Reduced -100.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 73.4k $475.6k | Added +56.7k |
| BlackRock, Inc. 0.00% of their portfolio | 63.5k $411.8k | Added +6.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 58.5k $378.8k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 56.7k $367.7k | Added +42.1k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 54.9k $355.8k | Added +9.3k |
| STATE STREET CORP 0.00% of their portfolio | 39.5k $256.0k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 26.3k $170.7k | Added +21.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 26.2k $169.8k | Reduced -137.3k |
| BAILARD, INC. 0.00% of their portfolio | 24.6k $159.6k | New |
| Quadrature Capital Ltd 0.00% of their portfolio | 24.0k $155.6k | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 24.0k $155.4k | Added +12.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 22.0k $142.3k | Added +2.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 20.3k $131.2k | Unchanged |
| Cresset Asset Management, LLC 0.00% of their portfolio | 19.5k $126.2k | Unchanged |
| XTX Topco Ltd 0.00% of their portfolio | 14.1k $91.5k | Reduced -9.9k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 4.5k $29.4k | New |
| MORGAN STANLEY 0.00% of their portfolio | 3.3k $21.1k | Added +1 |
| Capital Advisors, Ltd. LLC 0.00% of their portfolio | 437 $3.0k | Unchanged |
| Institute for Wealth Management, LLC. 0.00% of their portfolio | 352 $2.3k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 200 $1.3k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 191 $1.2k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 100 $648 | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 48 $311 | New |
| FMR LLC 0.00% of their portfolio | 21 $136 | New |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 1 $6 | Unchanged |