Collegium Pharmaceutical, Inc.

COLL • NASDAQ

Collegium Pharmaceutical, Inc. is a drug manufacturers - specialty & generic company in the healthcare sector on NASDAQ, led by Vikram Karnani, with a market cap of $1.5B. As of Q3 2025, 117% of shares are held by 242 institutional investors, with BlackRock, Inc. as the largest holder at 16.44%.

President and Chief Executive OfficerVikram Karnani

Market Cap$1.5B

Drug Manufacturers - Specialty & Generic

Healthcare

Employees197.0

Websitecollegiumpharma.com

Country

United States of America

Overview

Overview of institutional ownership in COLL as of Q3 2025 with a market cap of $1.1B

All Institutions

Institutions: 242
Value Held: $1.3B
Shares Held: 37.0M
Avg Position: $5.3M
Median Position: $554.0K

Hedge Funds

Hedge Funds: 31
Value Held: $217.2M
Shares Held: 6.2M
Avg Position: $7.0M
Median Position: $823.5K

Ownership Breakdown

Institutional (non-HF)

97.72%

$1.1B

Hedge Funds

19.7%

$217.2M

Retail & Other

Based on market cap of $1.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in COLL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$181.2M 0.00% of portfolio	16.44% 5.2M shares	Q1 2016 Held for 9y 8m	$5.67T
R Rubric Capital Management LP Hedge Fund•Long/Short	Margaret Kossakowski CFO	$98.9M 1.42% of portfolio	8.97% 2.8M shares	Q1 2020 Held for 5y 8m	$6.9B
E EVENTIDE ASSET MANAGEMENT, LLC Long Only Manager	Robin Cheriakalath John CEO	$83.7M 1.38% of portfolio	7.59% 2.4M shares	Q2 2015 Held for 10y 5m	$6.1B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$77.9M 0.00% of portfolio	7.07% 2.2M shares	Q2 2015 Held for 10y 5m	$6.69T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$56.0M 0.07% of portfolio	5.08% 1.6M shares	Q2 2019 Held for 6y 5m	$75.8B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$52.6M 0.18% of portfolio	4.77% 1.5M shares	Q1 2024 Held for 1y 8m	$29.4B
PRINCIPAL FINANCIAL GROUP INC Institution	Deanna Strable CEO	$45.8M 0.02% of portfolio	4.16% 1.3M shares	Q4 2020 Held for 4y 11m	$197.71B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$45.3M 0.00% of portfolio	4.11% 1.3M shares	Q2 2015 Held for 10y 5m	$2.88T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$44.9M 0.01% of portfolio	4.07% 1.3M shares	Q4 2019 Held for 5y 11m	$633.08B
HENDERSON GROUP PLC Institution	Ali Dibadj CEO	$31.8M 0.01% of portfolio	2.89% 910.2K shares	Q4 2017 Held for 7y 11m	$218.74B

Net Capital Flow

Institutional buying and selling activity for COLL in Q3 2025

Traded: +$48.6M
Buyers: 128
Sellers: 107
Total Bought: +$160.9M
Total Sold: −$112.3M
Avg Position: $4.9M

Biggest Buyers

Institution	Net Bought	Current Position
GOLDMAN SACHS GROUP INC Institution	+$19.8M +565.4K shares	$28.1M 802.2K shares
HENDERSON GROUP PLC Institution	+$15.4M +440.7K shares	$31.8M 910.2K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$8.5M +242.3K shares	$9.4M 269.3K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	+$8.0M +229.2K shares	$8.0M 229.2K shares
Q Qube Research & Technologies Ltd Institution	+$7.9M +225.7K shares	$11.2M 320.6K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$7.8M +223.3K shares	$8.7M 249.5K shares
D D. E. Shaw & Co., Inc. Institution	+$6.5M +185.9K shares	$13.6M 389.8K shares
A Amundi Institution	+$6.3M +185.5K shares	$6.3M 185.5K shares
MORGAN STANLEY RIA/Wealth	+$5.4M +153.6K shares	$26.9M 767.4K shares
J JANE STREET GROUP, LLC Institution	+$5.3M +152.4K shares	$8.4M 240.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
R Rubric Capital Management LP Hedge Fund•Long/Short	−$11.6M −331.2K shares	$98.9M 2.8M shares
Invesco Ltd. ETF Provider	−$10.6M −301.9K shares	$44.9M 1.3M shares
BANK OF AMERICA CORP /DE/ Institution	−$9.4M −269.0K shares	$8.6M 245.8K shares
E EVENTIDE ASSET MANAGEMENT, LLC Long Only Manager	−$8.8M −250.5K shares	$83.7M 2.4M shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	−$7.2M −243.4K shares	Sold Off 0 shares
EMERALD ADVISERS INC/PA Long Only Manager	−$6.9M −197.9K shares	$22.4M 639.7K shares
B BlackRock, Inc. Institution	−$5.7M −163.8K shares	$181.2M 5.2M shares
PRINCIPAL FINANCIAL GROUP INC Institution	−$5.5M −157.1K shares	$45.8M 1.3M shares
EMERALD MUTUAL FUND ADVISERS TRUST Long Only Manager	−$5.4M −155.0K shares	$13.8M 395.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$3.6M −101.8K shares	$4.3M 122.2K shares

Entry and Exit Activity

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

New Positions: 17
New Value: $5.0M
Exited Positions: 21
Exited Value: $21.4M

New Positions

Institution	Position Value
C Colony Group, LLC Institution	$1.5M 9.6K shares
C CAXTON ASSOCIATES LLP Institution	$960.9K 27.5K shares
Horizon Investments, LLC/SC Long Only Manager	$511.8K 14.6K shares
Voleon Capital Management LP Hedge Fund•Quant	$380.8K 10.9K shares
Cetera Investment Advisers RIA/Wealth	$373.9K 10.7K shares
C CI Private Wealth, LLC RIA/Wealth	$244.8K 7.0K shares
Round Rock Advisors, LLC RIA/Wealth	$237.5K 6.7K shares
Pictet Asset Management Holding SA Long Only Manager	$209.1K 6.0K shares
L Lingohr & Partner Asset Management GmbH Institution	$205.4K 5.9K shares
Atom Investors LP Hedge Fund•Market Neutral	$204.0K 5.8K shares

Exited Positions

Institution	Previous Position
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$7.2M 243.4K shares
T Tejara Capital Ltd Institution	$3.2M 107.3K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.9M 99.2K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.3M 43.3K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$1.3M 43.1K shares
S Stonepine Capital Management, LLC Institution	$1.2M 41.5K shares
F FRED ALGER MANAGEMENT INC Long Only Manager	$903.1K 35.2K shares
K Knott David M Jr Institution	$695.2K 23.5K shares
FIRST TRUST ADVISORS LP ETF Provider	$511.8K 17.3K shares
Advantage Alpha Capital Partners LP Hedge Fund•Market Neutral	$459.3K 15.5K shares

Options Activity

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

Call Positions: 1
Call Value: $426.9K
Put Positions: 1
Put Value: $7.0K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$426.9K 122.0 contracts

Put Positions

Institution	Position Value
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$7.0K 2.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Ballast Asset Management, LP Long Only Manager	Ragen R Stienke Managing Partner	1.83% $4.0M	0.36% 114.3K shares	Q2 2025 Held for 5 months	$219.1M
R Rubric Capital Management LP Hedge Fund•Long/Short	Margaret Kossakowski CFO	1.42% $98.9M	8.97% 2.8M shares	Q1 2020 Held for 5y 8m	$6.9B
E EVENTIDE ASSET MANAGEMENT, LLC Long Only Manager	Robin Cheriakalath John CEO	1.38% $83.7M	7.59% 2.4M shares	Q2 2015 Held for 10y 5m	$6.1B
THIRD AVENUE MANAGEMENT LLC Long Only Manager	Michael Anthony Buono CFO	1.34% $7.2M	0.65% 203.4K shares	Q4 2023 Held for 1y 11m	$532.7M
EMERALD MUTUAL FUND ADVISERS TRUST Long Only Manager	Stacey Lynn Sears President	0.74% $13.8M	1.26% 395.7K shares	Q4 2019 Held for 5y 11m	$1.9B
EMERALD ADVISERS INC/PA Long Only Manager	Kenneth George Mertz CEO	0.72% $22.4M	2.03% 639.7K shares	Q4 2019 Held for 5y 11m	$3.1B
SummerHaven Investment Management, LLC Long Only Manager	Kurt Jonathon Nelson CEO	0.53% $900.9K	0.08% 25.7K shares	Q3 2023 Held for 2y 2m	$170.9M
Uniplan Investment Counsel, Inc. RIA/Wealth	Kris Hunter Jamison CEO	0.40% $3.9M	0.36% 112.0K shares	Q3 2023 Held for 2y 2m	$983.7M
Values First Advisors, Inc. RIA/Wealth	Larry Alexander Ellis CEO	0.33% $615.3K	0.06% 17.6K shares	Q4 2019 Held for 5y 11m	$186.1M
GLOBEFLEX CAPITAL L P Long Only Manager	Marina Loretta Marrelli CEO	0.29% $1.9M	0.17% 53.0K shares	Q2 2019 Held for 6y 5m	$644.8M

Hedge Fund Spotlight

Discover hedge funds investing in COLL

ARROWSTREET CAPITAL LIMITED PARTNERSHIP

Hedge Fund • Quant

Portfolio ManagerAnthony Ryan

Portfolio Value: $158.92B
Positions: 1,827
Last Reported: Q3 2025

Sector Allocation

Position in Collegium Pharmaceutical, Inc.

Market Value: $1.2M
Shares Held: 33.7K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$7.2B	4.51%
2 Microsoft MSFT	Software - Infrastructure Technology	$6.5B	4.11%
3 Nvidia NVDA	Semiconductors Technology	$4.8B	3.02%