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 ($249 this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.12.
Trends to Q3 2025
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 30 | 7 |
| Q1 2024 | 21 | 19 |
| Q2 2024 | 18 | 17 |
| Q3 2024 | 13 | 14 |
| Q4 2024 | 18 | 15 |
| Q1 2025 | 23 | 12 |
| Q2 2025 | 39 | 18 |
| Q3 2025 | 39 | 21 |
Biggest buyers
| Opaleye Management Inc. | Added | +876.1k |
| Summit Financial, LLC | New | +379.8k |
| Pale Fire Capital SE | Added | +196.1k |
| WASATCH ADVISORS LP | Added | +154.2k |
| Sheets Smith Investment Management | New | +132.9k |
| ESSEX INVESTMENT MANAGEMENT CO LLC | Added | +125.8k |
| BlackRock, Inc. | Added | +88.7k |
| AQR CAPITAL MANAGEMENT LLC | New | +50.8k |
| VANGUARD GROUP INC | Added | +50.2k |
| STATE OF WISCONSIN INVESTMENT BOARD | New | +35.8k |
Biggest sellers
| MORGAN STANLEY | Reduced | -31.2k |
| PVG ASSET MANAGEMENT CORP | Reduced | -16.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -15.4k |
| UBS Group AG | Reduced | -13.5k |
| Quadrature Capital Ltd | Sold out | -13.2k |
| DEUTSCHE BANK AG\ | Sold out | -13.0k |
| Atria Investments, Inc | Reduced | -11.6k |
| Integrated Wealth Concepts LLC | Reduced | -11.0k |
| Cetera Investment Advisers | Sold out | -10.7k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -9.0k |
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 in Q3 2025
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 2023 | 2 | $143.0k | 1 | $17.9k | — |
| Q1 2024 | 3 | $237.3k | 1 | $9.2k | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $72.9k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $818.1k | — |
| Q2 2025 | 0 | — | 3 | $69.1k | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| TANG CAPITAL MANAGEMENT LLC 0.51% of their portfolio | 1.9m $13.2m | Unchanged |
| WASATCH ADVISORS LP 0.05% of their portfolio | 1.3m $9.3m | Added +154.2k |
| Opaleye Management Inc. 0.98% of their portfolio | 971.1k $6.9m | Added +876.1k |
| BlackRock, Inc. 0.00% of their portfolio | 633.1k $4.5m | Added +88.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 615.2k $4.4m | Added +50.2k |
| Summit Financial, LLC 0.04% of their portfolio | 379.8k $2.7m | New |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.39% of their portfolio | 354.0k $2.5m | Added +125.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 277.8k $2.0m | Added +15.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 247.9k $1.8m | Added +4.4k |
| Pale Fire Capital SE 0.18% of their portfolio | 228.6k $1.6m | Added +196.1k |
| AMERICAN FINANCIAL GROUP INC 0.49% of their portfolio | 180.0k $1.3m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 146.0k $1.0m | Added +31.1k |
| UBS Group AG 0.00% of their portfolio | 145.2k $1.0m | Reduced -13.5k |
| PVG ASSET MANAGEMENT CORP 3.48% of their portfolio | 132.9k $946.3k | Reduced -16.9k |
| Sheets Smith Investment Management 0.61% of their portfolio | 132.9k $946.3k | New |
| Legato Capital Management LLC 0.08% of their portfolio | 101.9k $725.5k | Added +33.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 92.7k $660.3k | Added +7.8k |
| Informed Momentum Co LLC 0.07% of their portfolio | 89.4k $636.5k | Reduced -5.7k |
| Geneos Wealth Management Inc. 0.01% of their portfolio | 63.3k $450.6k | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 61.0k $434.0k | Reduced -9.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 50.8k $361.9k | New |
| Creative Planning 0.00% of their portfolio | 50.5k $359.6k | Added +17.7k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 44.4k $315.8k | Reduced -11.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 35.8k $255.2k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 34.1k $242.5k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 30.5k $216.8k | Unchanged |
| Gladstone Institutional Advisory LLC 0.01% of their portfolio | 28.6k $203.4k | Reduced -4.3k |
| Atria Investments, Inc 0.00% of their portfolio | 25.6k $182.5k | Reduced -11.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 24.5k $174.4k | Reduced -374 |
| Walleye Capital LLC 0.00% of their portfolio | 22.6k $160.6k | New |
| NorthCoast Asset Management LLC 0.00% of their portfolio | 21.7k $154.6k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 21.5k $153.3k | Added +17.4k |
| MORGAN STANLEY 0.00% of their portfolio | 20.7k $147.6k | Reduced -31.2k |
| Focus Partners Advisor Solutions, LLC 0.00% of their portfolio | 20.0k $179.1k | Added +10.0k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 19.7k $140.5k | Reduced -2.2k |
| BARCLAYS PLC 0.00% of their portfolio | 17.6k $125.1k | Reduced -4.8k |
| BRIGHTON JONES LLC 0.00% of their portfolio | 16.8k $119.9k | Added +22 |
| Nuveen, LLC 0.00% of their portfolio | 15.7k $111.9k | Unchanged |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio | 15.5k $110.1k | New |
| SJS Investment Consulting Inc. 0.01% of their portfolio | 15.0k $106.8k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 14.4k $102.5k | New |
| Jump Financial, LLC 0.00% of their portfolio | 13.8k $98.3k | New |
| TITLEIST ASSET MANAGEMENT, LLC 0.01% of their portfolio | 12.9k $91.8k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 12.2k $87.7k | Reduced -1.4k |
| SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio | 12.1k $86.2k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 11.1k $79.1k | Reduced -264 |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 10.2k $72.7k | New |
| Allegiance Financial Group Advisory Services LLC 0.02% of their portfolio | 10.0k $71.2k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 9.9k $70.3k | Added +4.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 8.6k $61.0k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 7.5k $53.6k | Added +1.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 5.6k $40.0k | Reduced -1.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 5.5k $39.2k | Reduced -8.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 5.4k $38.0k | Added +1.7k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 4.0k $28.5k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 2.7k $19.1k | Added +1.2k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.7k $12.3k | Added +1.6k |
| Legal & General Group Plc 0.00% of their portfolio | 1.3k $9.6k | Unchanged |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.2k $8.8k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 758 $5.4k | Added +1 |
| CITIGROUP INC 0.00% of their portfolio | 519 $3.7k | Reduced -3.8k |
| AMALGAMATED BANK 0.00% of their portfolio | 415 $3.0k | Unchanged |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 300 $2.1k | Unchanged |
| GAMMA Investing LLC 0.00% of their portfolio | 164 $1.2k | New |
| Arax Advisory Partners 0.00% of their portfolio | 46 $327 | New |
| Sterling Capital Management LLC 0.00% of their portfolio | 30 $214 | Added +1 |
| FMR LLC 0.00% of their portfolio | 19 $135 | New |
| CWM, LLC 0.00% of their portfolio | 18 $0 | New |