Vault-13

JOURNEY MED CORP DERM

COM · Common Stock · CUSIP 48115J109

71 institutional holders -1 vs Q1 2026
10,658,84410.7m shares reported held*
$75.5mreported value*
23 new 19 added 23 reduced 23 sold out net sold ≈ $8.5m (-1.2m 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 ($928 this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.08. Options: 2 managers hold calls ($240.7k notional), 1 hold puts ($6.4k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 21Q4 22: 18Q1 23: 18Q2 23: 21Q3 23: 22Q4 23: 37Q1 24: 34Q2 24: 36Q3 24: 37Q4 24: 38Q1 25: 39Q2 25: 57Q3 25: 68Q4 25: 77Q1 26: 72Q2 26: 7171Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202221
Q4 202218
Q1 202318
Q2 202321
Q3 202322
Q4 202337
Q1 202434
Q2 202436
Q3 202437
Q4 202438
Q1 202539
Q2 202557
Q3 202568
Q4 202577
Q1 202672
Q2 202671

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 13 bought or addedQ3 24: 14 cut or sold outQ4 24: 18 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 23 bought or addedQ1 25: 12 cut or sold outQ2 25: 39 bought or addedQ2 25: 18 cut or sold outQ2 25Q3 25: 39 bought or addedQ3 25: 21 cut or sold outQ4 25: 51 bought or addedQ4 25: 21 cut or sold outQ4 25Q1 26: 41 bought or addedQ1 26: 35 cut or sold outQ2 26: 42 bought or addedQ2 26: 46 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241314
Q4 20241815
Q1 20252312
Q2 20253918
Q3 20253921
Q4 20255121
Q1 20264135
Q2 20264246

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $9.3kQ4 25P/C —Q1 26 calls: $26.3kQ1 26 puts: $132.7kQ1 26P/C 5.05Q2 26 calls: $240.7kQ2 26 puts: $6.4kQ2 26P/C 0.03
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$9.3k—
Q1 2026$26.3k$132.7k5.05
Q2 2026$240.7k$6.4k0.03

Biggest buyers

WASATCH ADVISORS LP Added +725,560+725.6k
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. New +536,000+536.0k
JANE STREET GROUP, LLC New +320,021+320.0k
Trexquant Investment LP Added +143,242+143.2k
MARSHALL WACE, LLP New +139,843+139.8k
Diametric Capital, LP Added +99,251+99.3k
CITADEL ADVISORS LLC New +82,149+82.1k
XTX Topco Ltd Added +71,559+71.6k
Walleye Capital LLC New +65,462+65.5k
Geneos Wealth Management Inc. New +63,280+63.3k

Biggest sellers

BlackRock, Inc. Reduced -871,881-871.9k
Opaleye Management Inc. Reduced -610,000-610.0k
VANGUARD CAPITAL MANAGEMENT LLC Reduced -406,895-406.9k
J. Goldman & Co LP Reduced -362,604-362.6k
UBS Group AG Reduced -306,624-306.6k
MILLENNIUM MANAGEMENT LLC Reduced -273,051-273.1k
GEODE CAPITAL MANAGEMENT, LLC Reduced -247,198-247.2k
STATE STREET CORP Reduced -171,310-171.3k
VANGUARD PORTFOLIO MANAGEMENT LLC Sold out -122,245-122.2k
NORTHERN TRUST CORP Reduced -114,322-114.3k

Biggest calls

JANE STREET GROUP, LLC New $201.1k28.4k shares
SIMPLEX TRADING, LLC Unchanged $39.6k5.6k shares

Biggest puts

SIMPLEX TRADING, LLC Added $6.4k900 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
WASATCH ADVISORS LP 13G · institution -2.3 pts · filed 2026-10-09 11.0% -2.3 pts 2.4m≈ $17.3m 2026-10-09
TANG CAPITAL MANAGEMENT LLC 13G · passive investor filed 2025-05-15 8.0% 1.9m≈ $13.1m 2025-05-15

Fell to 5% or below in the last year: VANGUARD CAPITAL MANAGEMENT LLC (3.6%, 2026-07-31)

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: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 2 sellingQ1 25Q2 25: 0 buyingQ2 25: 3 sellingQ3 25: 0 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 20240—0——
Q1 20250—2$818.1k—
Q2 20250—3$69.1k—
Q3 20250—0——
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 WASATCH ADVISORS LP 0.13% of their portfolio SALT LAKE CITY, UT 2,858,9302.9m $20.2m $20.2m 0.13% Added +725.6k +725,560
2 TANG CAPITAL MANAGEMENT LLC 0.52% of their portfolio SAN DIEGO, CA 1,610,0001.6m $11.4m $11.4m 0.52% Unchanged
3 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 675,185675.2k $4.8m $4.8m 0.00% Reduced -406.9k -406,895
4 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.19% of their portfolio EDINA, MN 536,000536.0k $3.8m $3.8m 0.19% New
5 Pale Fire Capital SE 0.27% of their portfolio Prague, 2N 528,584528.6k $3.7m $3.7m 0.27% Added +46.6k +46,597
6 Opaleye Management Inc. 0.22% of their portfolio BOSTON, MA 350,000350.0k $2.5m $2.5m 0.22% Reduced -610.0k -610,000
7 Summit Financial, LLC 0.03% of their portfolio PARSIPPANY, NJ 346,748346.7k $2.5m $2.5m 0.03% Reduced -33.1k -33,059
8 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 320,021320.0k $2.3m $2.3m 0.00% New
9 Diametric Capital, LP 0.22% of their portfolio BOSTON, MA 295,663295.7k $2.1m $2.1m 0.22% Added +99.3k +99,251
10 Ikarian Capital, LLC 0.29% of their portfolio DALLAS, TX 251,436251.4k $1.8m $1.8m 0.29% Unchanged
11 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 229,700229.7k $1.6m $1.6m 0.00% Reduced -12.8k -12,800
12 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 216,004216.0k $1.5m $1.5m 0.00% Reduced -247.2k -247,198
13 AMERICAN FINANCIAL GROUP INC 0.45% of their portfolio CINCINNATI, OH 180,000180.0k $1.3m $1.3m 0.45% Unchanged
14 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 171,338171.3k $1.2m $1.2m 0.01% Added +143.2k +143,242
15 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 139,843139.8k $990.1k $990.1k 0.00% New
16 J. Goldman & Co LP 0.03% of their portfolio NEW YORK, NY 137,584137.6k $974.1k $974.1k 0.03% Reduced -362.6k -362,604
17 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 110,016110.0k $778.9k $778.9k 0.00% Reduced -273.1k -273,051
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 100,981101.0k $714.9k $714.9k 0.00% Reduced -871.9k -871,881
19 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 100,923100.9k $714.5k $714.5k 0.01% Added +71.6k +71,559
20 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 94,72994.7k $670.7k $670.7k 0.00% Reduced -43.0k -42,977
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 90,29490.3k $639.3k $639.3k 0.00% Added +20.9k +20,905
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 83,51483.5k $591.3k $591.3k 0.00% Reduced -306.6k -306,624
23 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 82,14982.1k $581.6k $581.6k 0.00% New
24 PVG ASSET MANAGEMENT CORP 0.33% of their portfolio GOLDEN, CO 79,57379.6k $563.4k $563.4k 0.33% Reduced -190 -190
25 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 78,92878.9k $558.8k $558.8k 0.00% Added +38.6k +38,559
26 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 67,44267.4k $477.5k $477.5k 0.01% Unchanged
27 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 65,97866.0k $467.1k $467.1k 0.00% Reduced -171.3k -171,310
28 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 65,82565.8k $466.0k $466.0k 0.00% Reduced -5.8k -5,811
29 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 65,46265.5k $463.5k $463.5k 0.00% New
30 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 63,28063.3k $448.0k $448.0k 0.01% New
31 Frec Markets, Inc. 0.03% of their portfolio SAN FRANCISCO, CA 50,50050.5k $357.5k $357.5k 0.03% Unchanged
32 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 47,41147.4k $335.7k $335.7k 0.00% Added +42.8k +42,761
33 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 45,40545.4k $321.5k $321.5k 0.00% Added +29.0k +29,007
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 42,02442.0k $297.5k $297.5k 0.00% Added +31.5k +31,489
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 41,90741.9k $296.7k $296.7k 0.00% Added +9.7k +9,701
36 ADAR1 Capital Management, LLC 0.01% of their portfolio AUSTIN, TX 39,51739.5k $279.8k $279.8k 0.01% New
37 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 35,90435.9k $254.2k $254.2k 0.00% Reduced -8.8k -8,800
38 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 35,65635.7k $252.4k $252.4k 0.00% Reduced -114.3k -114,322
39 Aster Capital Management (DIFC) Ltd 0.05% of their portfolio DUBAI, C0 30,72030.7k $217.5k $217.5k 0.05% New
40 SALEM INVESTMENT COUNSELORS INC 0.01% of their portfolio WINSTON-SALEM, NC 29,20029.2k $206.7k $206.7k 0.01% Added +14.9k +14,900
41 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 28,84128.8k $204.2k $204.2k 0.00% New
42 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 24,87724.9k $176.1k $176.1k 0.00% New
43 PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 21,90521.9k $155.1k $155.1k 0.01% Reduced -8.0k -7,989
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,00120.0k $141.6k $141.6k 0.00% Added +7.3k +7,280
45 Gladstone Institutional Advisory LLC 0.00% of their portfolio Bedminster, NJ 20,00020.0k $141.6k $141.6k 0.00% Reduced -6.6k -6,571
46 Brevan Howard Capital Management LP 0.00% of their portfolio ST. HELIER, Y9 18,85718.9k $133.5k $133.5k 0.00% New
47 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 16,67916.7k $118.1k $118.1k 0.00% Reduced -1.8k -1,817
48 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 16,59716.6k $117.5k $117.5k 0.00% New
49 Mariner, LLC 0.00% of their portfolio Overland Park, KS 13,34813.3k $94.5k $94.5k 0.00% New
50 BRIGHTON JONES LLC 0.00% of their portfolio SEATTLE, WA 12,70212.7k $89.9k $89.9k 0.00% Added +266 +266
51 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 11,94111.9k $84.5k $84.5k 0.00% Reduced -2.5k -2,510
52 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 11,30511.3k $80.0k $80.0k 0.00% New
53 Persistent Asset Partners Ltd 0.02% of their portfolio HONG KONG, K3 10,08210.1k $71.4k $71.4k 0.02% New
54 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 9,0029.0k $63.7k $63.7k 0.00% Added +355 +355
55 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 8,9549.0k $64.0k $64.0k 0.00% Added +779 +779
56 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 5,8895.9k $41.7k $41.7k 0.00% Added +1.3k +1,305
57 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 4,6424.6k $32.9k $32.9k 0.00% Unchanged
58 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,0714.1k $28.8k $28.8k 0.00% Added +3.0k +2,987
59 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,3242.3k $16.5k $16.5k 0.00% Reduced -2.3k -2,298
60 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,2681.3k $9.0k $9.0k 0.00% Added +1.2k +1,227
61 FMR LLC 0.00% of their portfolio BOSTON, MA 476476 $3.4k $3.4k 0.00% Reduced -1.7k -1,718
62 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 294294 $2.0k $2.0k 0.00% Reduced -8.2k -8,172
63 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 249249 $1.8k $1.8k 0.00% Reduced -1.1k -1,052
64 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 131131 $928 $928 0.00% New
65 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 7373 $516 $516 0.00% New
66 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2929 $206 $206 0.00% New
67 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2525 $177 $177 0.00% New
68 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 2020 $142 $142 0.00% New
69 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 1111 $78 $78 0.00% New
70 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 66 $42 $42 0.00% New
71 JPL Wealth Management, LLC 0.00% of their portfolio GREENWOOD VILLAGE, CO 22 $15 $15 0.00% New