Cognition Therapeutics, Inc.

CGTX • NASDAQ

Cognition Therapeutics, Inc. is a biotechnology company in the healthcare sector on NASDAQ, led by Lisa Ricciardi, with a market cap of $149.2M. As of Q3 2025, 24% of shares are held by 69 institutional investors, with BIOS Capital Management, LP as the largest holder at 6.8%.

Chief Executive OfficerLisa Ricciardi

Market Cap$149.2M

Biotechnology

Healthcare

Employees25.0

Websitecogrx.com

Country

United States of America

Overview

Overview of institutional ownership in CGTX as of Q3 2025 with a market cap of $119.1M

All Institutions

Institutions: 69
Value Held: $28.7M
Shares Held: 21.3M
Avg Position: $416.3K
Median Position: $42.8K

Hedge Funds

Hedge Funds: 6
Value Held: $2.6M
Shares Held: 1.9M
Avg Position: $426.6K
Median Position: $285.5K

Ownership Breakdown

Institutional (non-HF)

21.97%

$26.2M

Hedge Funds

2.15%

$2.6M

Retail & Other

75.88%

$90.4M

Based on market cap of $119.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CGTX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BIOS Capital Management, LP Venture Capital	Aaron Glenn Louis Fletcher Partner	$8.1M 9.11% of portfolio	6.80% 6.0M shares	Q4 2024 Held for 11 months	$88.9M
DAVENPORT & Co LLC RIA/Wealth	Irving Lee Iv Chapman CEO	$3.6M 0.02% of portfolio	3.05% 2.7M shares	Q3 2025 Held for 2 months	$18.6B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$3.6M 0.00% of portfolio	3.04% 2.7M shares	Q4 2021 Held for 3y 11m	$6.69T
T TANG CAPITAL MANAGEMENT LLC Institution	-	$1.6M 0.06% of portfolio	1.36% 1.2M shares	Q3 2025 Held for 2 months	$2.5B
C Chescapmanager LLC Institution	-	$1.3M 0.21% of portfolio	1.13% 997.0K shares	Q2 2025 Held for 5 months	$626.3M
B BlackRock, Inc. Institution	-	$1.3M 0.00% of portfolio	1.10% 968.7K shares	Q4 2021 Held for 3y 11m	$5.67T
J JANE STREET GROUP, LLC Institution	-	$1.3M 0.00% of portfolio	1.05% 926.2K shares	Q3 2024 Held for 1y 2m	$84.1B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$963.2K 0.00% of portfolio	0.81% 713.5K shares	Q4 2023 Held for 1y 11m	$75.8B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$962.5K 0.00% of portfolio	0.81% 712.7K shares	Q1 2022 Held for 3y 8m	$1.57T
Hilton Capital Management, LLC Long Only Manager	Christopher Craig O'Neill CEO	$784.6K 0.06% of portfolio	0.66% 581.2K shares	Q3 2025 Held for 2 months	$1.2B

Net Capital Flow

Institutional buying and selling activity for CGTX in Q3 2025

Traded: +$14.9M
Buyers: 55
Sellers: 11
Total Bought: +$15.6M
Total Sold: −$629.3K
Avg Position: $373.0K

Biggest Buyers

Institution	Net Bought	Current Position
DAVENPORT & Co LLC RIA/Wealth	+$3.6M +2.7M shares	$3.6M 2.7M shares
VANGUARD GROUP INC Institution	+$1.9M +1.4M shares	$3.6M 2.7M shares
T TANG CAPITAL MANAGEMENT LLC Institution	+$1.6M +1.2M shares	$1.6M 1.2M shares
J JANE STREET GROUP, LLC Institution	+$1.2M +912.9K shares	$1.3M 926.2K shares
B BlackRock, Inc. Institution	+$1.2M +891.8K shares	$1.3M 968.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$833.1K +617.1K shares	$963.2K 713.5K shares
Hilton Capital Management, LLC Long Only Manager	+$784.6K +581.2K shares	$784.6K 581.2K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$756.7K +560.6K shares	$756.7K 560.6K shares
C Chescapmanager LLC Institution	+$666.6K +493.8K shares	$1.3M 997.0K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$464.6K +344.0K shares	$962.5K 712.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	−$217.6K −701.9K shares	Sold Off 0 shares
V Voss Capital LLC Institution	−$202.5K −150.0K shares	$405.0K 300.0K shares
C CM Management, LLC Institution	−$77.5K −250.0K shares	Sold Off 0 shares
Kestra Advisory Services, LLC RIA/Wealth	−$48.3K −155.9K shares	Sold Off 0 shares
Sigma Planning Corp RIA/Wealth	−$28.2K −20.9K shares	$171.6K 127.1K shares
N NWAM LLC Institution	−$26.6K −42.8K shares	Sold Off 0 shares
Essex Financial Services, Inc. RIA/Wealth	−$12.3K −39.6K shares	Sold Off 0 shares
A Apella Capital, LLC Institution	−$6.5K −11.2K shares	Sold Off 0 shares
X XTX Topco Ltd Institution	−$5.1K −16.6K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$4.5K −14.6K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CGTX in Q3 2025

New Positions: 23
New Value: $7.2M
Exited Positions: 8
Exited Value: $398.4K

New Positions

Institution	Position Value
DAVENPORT & Co LLC RIA/Wealth	$3.6M 2.7M shares
T TANG CAPITAL MANAGEMENT LLC Institution	$1.6M 1.2M shares
Hilton Capital Management, LLC Long Only Manager	$784.6K 581.2K shares
Q Quadrature Capital Ltd Institution	$357.8K 263.1K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$305.9K 226.6K shares
C CI Private Wealth, LLC RIA/Wealth	$97.4K 72.1K shares
McAdam, LLC RIA/Wealth	$97.3K 72.1K shares
Everhart Financial Group, Inc. RIA/Wealth	$42.8K 31.7K shares
CWA Asset Management Group, LLC RIA/Wealth	$34.1K 25.3K shares
PRIVATE MANAGEMENT GROUP INC RIA/Wealth	$32.4K 24.0K shares

Exited Positions

Institution	Previous Position
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	$217.6K 701.9K shares
C CM Management, LLC Institution	$77.5K 250.0K shares
Kestra Advisory Services, LLC RIA/Wealth	$48.3K 155.9K shares
N NWAM LLC Institution	$26.6K 42.8K shares
Essex Financial Services, Inc. RIA/Wealth	$12.3K 39.6K shares
A Apella Capital, LLC Institution	$6.5K 11.2K shares
X XTX Topco Ltd Institution	$5.1K 16.6K shares
GOLDMAN SACHS GROUP INC Institution	$4.5K 14.6K shares

Options Activity

Institutions with the largest Call and Put options positions in CGTX as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with CGTX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
BIOS Capital Management, LP Venture Capital	Aaron Glenn Louis Fletcher Partner	9.11% $8.1M	6.80% 6.0M shares	Q4 2024 Held for 11 months	$88.9M
C Chescapmanager LLC Institution	-	0.21% $1.3M	1.13% 997.0K shares	Q2 2025 Held for 5 months	$626.3M
AMERICAN FINANCIAL GROUP INC Institution	S. Craig Lindner CEO	0.11% $276.8K	0.23% 205.0K shares	Q4 2021 Held for 3y 11m	$253.5M
T TANG CAPITAL MANAGEMENT LLC Institution	-	0.06% $1.6M	1.36% 1.2M shares	Q3 2025 Held for 2 months	$2.5B
Hilton Capital Management, LLC Long Only Manager	Christopher Craig O'Neill CEO	0.06% $784.6K	0.66% 581.2K shares	Q3 2025 Held for 2 months	$1.2B
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	0.02% $265.1K	0.22% 196.4K shares	Q1 2025 Held for 8 months	$1.1B
V Voss Capital LLC Institution	-	0.02% $405.0K	0.34% 300.0K shares	Q4 2024 Held for 11 months	$1.8B
CASTLE WEALTH MANAGEMENT LLC RIA/Wealth	Christina L Worley Managing Partner	0.02% $59.4K	0.05% 44.0K shares	Q2 2022 Held for 3y 5m	$296.0M
FCA CORP /TX RIA/Wealth	Robert Warner Scharar CEO	0.02% $70.9K	0.06% 52.5K shares	Q1 2023 Held for 2y 8m	$353.4M
DAVENPORT & Co LLC RIA/Wealth	Irving Lee Iv Chapman CEO	0.02% $3.6M	3.05% 2.7M shares	Q3 2025 Held for 2 months	$18.6B