JOURNEY MED CORP DERM
COM · Common Stock · CUSIP 48115J109
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersScottsdale, AZ
- 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 ($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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 21 |
| Q4 2022 | 18 |
| Q1 2023 | 18 |
| Q2 2023 | 21 |
| Q3 2023 | 22 |
| Q4 2023 | 37 |
| Q1 2024 | 34 |
| Q2 2024 | 36 |
| Q3 2024 | 37 |
| Q4 2024 | 38 |
| Q1 2025 | 39 |
| Q2 2025 | 57 |
| Q3 2025 | 68 |
| Q4 2025 | 77 |
| Q1 2026 | 72 |
| Q2 2026 | 71 |
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 | 13 | 14 |
| Q4 2024 | 18 | 15 |
| Q1 2025 | 23 | 12 |
| Q2 2025 | 39 | 18 |
| Q3 2025 | 39 | 21 |
| Q4 2025 | 51 | 21 |
| Q1 2026 | 41 | 35 |
| Q2 2026 | 42 | 46 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $0 | $9.3k | — |
| Q1 2026 | $26.3k | $132.7k | 5.05 |
| Q2 2026 | $240.7k | $6.4k | 0.03 |
Biggest buyers
| WASATCH ADVISORS LP | Added | +725.6k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | New | +536.0k |
| JANE STREET GROUP, LLC | New | +320.0k |
| Trexquant Investment LP | Added | +143.2k |
| MARSHALL WACE, LLP | New | +139.8k |
| Diametric Capital, LP | Added | +99.3k |
| CITADEL ADVISORS LLC | New | +82.1k |
| XTX Topco Ltd | Added | +71.6k |
| Walleye Capital LLC | New | +65.5k |
| Geneos Wealth Management Inc. | New | +63.3k |
Biggest sellers
| BlackRock, Inc. | Reduced | -871.9k |
| Opaleye Management Inc. | Reduced | -610.0k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -406.9k |
| J. Goldman & Co LP | Reduced | -362.6k |
| UBS Group AG | Reduced | -306.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -273.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -247.2k |
| STATE STREET CORP | Reduced | -171.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Sold out | -122.2k |
| NORTHERN TRUST CORP | Reduced | -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.
| Holder | Stake |
|---|---|
| WASATCH ADVISORS LP 13G · institution -2.3 pts · filed 2026-10-09 | 11.0% |
| TANG CAPITAL MANAGEMENT LLC 13G · passive investor filed 2025-05-15 | 8.0% |
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $818.1k | — |
| Q2 2025 | 0 | — | 3 | $69.1k | — |
| Q3 2025 | 0 | — | 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 |
|---|---|---|
| WASATCH ADVISORS LP 0.13% of their portfolio | 2.9m $20.2m | Added +725.6k |
| TANG CAPITAL MANAGEMENT LLC 0.52% of their portfolio | 1.6m $11.4m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 675.2k $4.8m | Reduced -406.9k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.19% of their portfolio | 536.0k $3.8m | New |
| Pale Fire Capital SE 0.27% of their portfolio | 528.6k $3.7m | Added +46.6k |
| Opaleye Management Inc. 0.22% of their portfolio | 350.0k $2.5m | Reduced -610.0k |
| Summit Financial, LLC 0.03% of their portfolio | 346.7k $2.5m | Reduced -33.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 320.0k $2.3m | New |
| Diametric Capital, LP 0.22% of their portfolio | 295.7k $2.1m | Added +99.3k |
| Ikarian Capital, LLC 0.29% of their portfolio | 251.4k $1.8m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 229.7k $1.6m | Reduced -12.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 216.0k $1.5m | Reduced -247.2k |
| AMERICAN FINANCIAL GROUP INC 0.45% of their portfolio | 180.0k $1.3m | Unchanged |
| Trexquant Investment LP 0.01% of their portfolio | 171.3k $1.2m | Added +143.2k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 139.8k $990.1k | New |
| J. Goldman & Co LP 0.03% of their portfolio | 137.6k $974.1k | Reduced -362.6k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 110.0k $778.9k | Reduced -273.1k |
| BlackRock, Inc. 0.00% of their portfolio | 101.0k $714.9k | Reduced -871.9k |
| XTX Topco Ltd 0.01% of their portfolio | 100.9k $714.5k | Added +71.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 94.7k $670.7k | Reduced -43.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 90.3k $639.3k | Added +20.9k |
| UBS Group AG 0.00% of their portfolio | 83.5k $591.3k | Reduced -306.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 82.1k $581.6k | New |
| PVG ASSET MANAGEMENT CORP 0.33% of their portfolio | 79.6k $563.4k | Reduced -190 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 78.9k $558.8k | Added +38.6k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 67.4k $477.5k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 66.0k $467.1k | Reduced -171.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 65.8k $466.0k | Reduced -5.8k |
| Walleye Capital LLC 0.00% of their portfolio | 65.5k $463.5k | New |
| Geneos Wealth Management Inc. 0.01% of their portfolio | 63.3k $448.0k | New |
| Frec Markets, Inc. 0.03% of their portfolio | 50.5k $357.5k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 47.4k $335.7k | Added +42.8k |
| Squarepoint Ops LLC 0.00% of their portfolio | 45.4k $321.5k | Added +29.0k |
| MORGAN STANLEY 0.00% of their portfolio | 42.0k $297.5k | Added +31.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 41.9k $296.7k | Added +9.7k |
| ADAR1 Capital Management, LLC 0.01% of their portfolio | 39.5k $279.8k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 35.9k $254.2k | Reduced -8.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 35.7k $252.4k | Reduced -114.3k |
| Aster Capital Management (DIFC) Ltd 0.05% of their portfolio | 30.7k $217.5k | New |
| SALEM INVESTMENT COUNSELORS INC 0.01% of their portfolio | 29.2k $206.7k | Added +14.9k |
| Quadrature Capital Ltd 0.00% of their portfolio | 28.8k $204.2k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 24.9k $176.1k | New |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 21.9k $155.1k | Reduced -8.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 20.0k $141.6k | Added +7.3k |
| Gladstone Institutional Advisory LLC 0.00% of their portfolio | 20.0k $141.6k | Reduced -6.6k |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 18.9k $133.5k | New |
| Invesco Ltd. 0.00% of their portfolio | 16.7k $118.1k | Reduced -1.8k |
| Jefferies Financial Group Inc. 0.00% of their portfolio | 16.6k $117.5k | New |
| Mariner, LLC 0.00% of their portfolio | 13.3k $94.5k | New |
| BRIGHTON JONES LLC 0.00% of their portfolio | 12.7k $89.9k | Added +266 |
| Atria Investments, Inc 0.00% of their portfolio | 11.9k $84.5k | Reduced -2.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 11.3k $80.0k | New |
| Persistent Asset Partners Ltd 0.02% of their portfolio | 10.1k $71.4k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 9.0k $63.7k | Added +355 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 9.0k $64.0k | Added +779 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 5.9k $41.7k | Added +1.3k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 4.6k $32.9k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 4.1k $28.8k | Added +3.0k |
| BARCLAYS PLC 0.00% of their portfolio | 2.3k $16.5k | Reduced -2.3k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 1.3k $9.0k | Added +1.2k |
| FMR LLC 0.00% of their portfolio | 476 $3.4k | Reduced -1.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 294 $2.0k | Reduced -8.2k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 249 $1.8k | Reduced -1.1k |
| Arax Advisory Partners 0.00% of their portfolio | 131 $928 | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 73 $516 | New |
| Allworth Financial LP 0.00% of their portfolio | 29 $206 | New |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 25 $177 | New |
| Essential Partners LLC 0.00% of their portfolio | 20 $142 | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 11 $78 | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 6 $42 | New |
| JPL Wealth Management, LLC 0.00% of their portfolio | 2 $15 | New |