Vault-13

CUMBERLAND PHARMACEUTICALS I CPIX

COM · Common Stock · CUSIP 230770109

32 institutional holders +3 vs Q1 2026
2,468,8052.5m shares reported held*
16.5% of all shares outstanding*
$16.0mreported value*
8 new 10 added 7 reduced 5 sold out net sold ≈ $1.9m (-292.6k shares)

* 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

02040Q3 22: 18Q4 22: 24Q1 23: 22Q2 23: 24Q3 23: 22Q4 23: 26Q1 24: 24Q2 24: 24Q3 24: 23Q4 24: 21Q1 25: 34Q2 25: 32Q3 25: 30Q4 25: 27Q1 26: 29Q2 26: 3232Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202218
Q4 202224
Q1 202322
Q2 202324
Q3 202322
Q4 202326
Q1 202424
Q2 202424
Q3 202423
Q4 202421
Q1 202534
Q2 202532
Q3 202530
Q4 202527
Q1 202629
Q2 202632

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q3 24: 7 bought or addedQ3 24: 7 cut or sold outQ4 24: 4 bought or addedQ4 24: 12 cut or sold outQ4 24Q1 25: 18 bought or addedQ1 25: 9 cut or sold outQ2 25: 15 bought or addedQ2 25: 18 cut or sold outQ2 25Q3 25: 9 bought or addedQ3 25: 16 cut or sold outQ4 25: 8 bought or addedQ4 25: 18 cut or sold outQ4 25Q1 26: 12 bought or addedQ1 26: 15 cut or sold outQ2 26: 18 bought or addedQ2 26: 12 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202477
Q4 2024412
Q1 2025189
Q2 20251518
Q3 2025916
Q4 2025818
Q1 20261215
Q2 20261812

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5m$2mQ3 25 calls: $101.2kQ3 25 puts: $113.3kQ3 25P/C 1.12Q4 25 calls: $233.2kQ4 25 puts: $214.1kQ4 25P/C 0.92Q1 26 calls: $399.1kQ1 26 puts: $144.9kQ1 26P/C 0.36Q2 26 calls: $1.7mQ2 26 puts: $861.2kQ2 26P/C 0.50
Numbers
QuarterCallsPutsP/C
Q3 2025$101.2k$113.3k1.12
Q4 2025$233.2k$214.1k0.92
Q1 2026$399.1k$144.9k0.36
Q2 2026$1.7m$861.2k0.50

Biggest buyers

CITADEL ADVISORS LLC Added +56,748+56.7k
JANE STREET GROUP, LLC Added +42,134+42.1k
BAILARD, INC. New +24,624+24.6k
Quadrature Capital Ltd New +24,014+24.0k
UBS Group AG Added +21,150+21.1k
VANGUARD CAPITAL MANAGEMENT LLC Added +17,719+17.7k
TWO SIGMA INVESTMENTS, LP Added +12,896+12.9k
VANGUARD FIDUCIARY TRUST CO Added +9,286+9.3k
RENAISSANCE TECHNOLOGIES LLC Added +7,567+7.6k
BlackRock, Inc. Added +6,656+6.7k

Biggest sellers

BRIDGEWAY CAPITAL MANAGEMENT, LLC Reduced -137,268-137.3k
PERCEPTIVE ADVISORS LLC Reduced -99,996-100.0k
J. Goldman & Co LP Sold out -81,040-81.0k
Ikarian Capital, LLC Reduced -50,000-50.0k
ACADIAN ASSET MANAGEMENT LLC Sold out -44,288-44.3k
DIMENSIONAL FUND ADVISORS LP Reduced -43,054-43.1k
Marex Group Ltd Sold out -36,423-36.4k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -15,150-15.2k
XTX Topco Ltd Reduced -9,888-9.9k
GEODE CAPITAL MANAGEMENT, LLC Reduced -5,880-5.9k

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.

HolderStakeChangeShares Last filed
KAZIMI A J 13G · exempt (held before listing) -2.4 pts · filed 2026-02-09 38.4% -2.4 pts 5.8m≈ $37.5m 2026-02-09

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)

BuyingSelling
404Q4 24: 4 buyingQ4 24: 0 sellingQ1 25: 4 buyingQ1 25: 0 sellingQ1 25Q2 25: 4 buyingQ2 25: 0 sellingQ3 25: 4 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20244$33.5k0——
Q1 20254$5.8k0——
Q2 20254$17.7k0——
Q3 20254$13.4k0——
Q4 20250—0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Ikarian Capital, LLC 0.53% of their portfolio DALLAS, TX 503,153503.2k $3.3m $3.3m 0.53% Reduced -50.0k -50,000
2 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 478,263478.3k $3.1m $3.1m 0.00% Added +7.6k +7,567
3 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 379,478379.5k $2.5m $2.5m 0.00% Added +17.7k +17,719
4 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 233,305233.3k $1.5m $1.5m 0.00% Reduced -43.1k -43,054
5 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 112,544112.5k $729.3k $729.3k 0.01% Reduced -15.2k -15,150
6 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 108,413108.4k $702.6k $702.6k 0.00% Reduced -5.9k -5,880
7 PERCEPTIVE ADVISORS LLC 0.01% of their portfolio NEW YORK, NY 96,98297.0k $628.4k $628.4k 0.01% Reduced -100.0k -99,996
8 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 73,39173.4k $475.6k $475.6k 0.00% Added +56.7k +56,748
9 BlackRock, Inc. 0.00% of their portfolio New York, NY 63,54763.5k $411.8k $411.8k 0.00% Added +6.7k +6,656
10 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 58,45858.5k $378.8k $378.8k 0.00% Unchanged
11 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 56,74156.7k $367.7k $367.7k 0.00% Added +42.1k +42,134
12 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 54,90954.9k $355.8k $355.8k 0.00% Added +9.3k +9,286
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 39,51039.5k $256.0k $256.0k 0.00% Unchanged
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 26,33926.3k $170.7k $170.7k 0.00% Added +21.1k +21,150
15 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 26,20026.2k $169.8k $169.8k 0.00% Reduced -137.3k -137,268
16 BAILARD, INC. 0.00% of their portfolio Foster City, CA 24,62424.6k $159.6k $159.6k 0.00% New
17 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 24,01424.0k $155.6k $155.6k 0.00% New
18 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 23,98124.0k $155.4k $155.4k 0.00% Added +12.9k +12,896
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 21,95322.0k $142.3k $142.3k 0.00% Added +2.4k +2,350
20 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 20,25220.3k $131.2k $131.2k 0.00% Unchanged
21 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 19,47519.5k $126.2k $126.2k 0.00% Unchanged
22 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 14,11814.1k $91.5k $91.5k 0.00% Reduced -9.9k -9,888
23 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 4,5444.5k $29.4k $29.4k 0.00% New
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,2613.3k $21.1k $21.1k 0.00% Added +1 +1
25 Capital Advisors, Ltd. LLC 0.00% of their portfolio SHAKER HEIGHTS, OH 437437 $3.0k $3.0k 0.00% Unchanged
26 Institute for Wealth Management, LLC. 0.00% of their portfolio DENVER, CO 352352 $2.3k $2.3k 0.00% New
27 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 200200 $1.3k $1.3k 0.00% New
28 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 191191 $1.2k $1.2k 0.00% New
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 100100 $648 $648 0.00% Unchanged
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4848 $311 $311 0.00% New
31 FMR LLC 0.00% of their portfolio BOSTON, MA 2121 $136 $136 0.00% New
32 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $6 $6 0.00% Unchanged