Corcept Therapeutics

CORT • NASDAQ

Corcept Therapeutics is a biotechnology company in the healthcare sector on NASDAQ, led by Joseph K. Belanoff, M.D., with a market cap of $9.3B. As of Q3 2025, 73% of shares are held by 420 institutional investors, with BlackRock, Inc. as the largest holder at 11.43%.

CEOJoseph K. Belanoff, M.D.

Market Cap$9.3B

Biotechnology

Healthcare

Employees352.0

Websitecorcept.com

Country

United States of America

Overview

Overview of institutional ownership in CORT as of Q3 2025 with a market cap of $8.8B

All Institutions

Institutions: 420
Value Held: $6.4B
Shares Held: 77.2M
Avg Position: $15.3M
Median Position: $738.5K

Hedge Funds

Hedge Funds: 34
Value Held: $848.6M
Shares Held: 10.2M
Avg Position: $25.0M
Median Position: $2.1M

Ownership Breakdown

Institutional (non-HF)

63.49%

$5.6B

Hedge Funds

9.69%

$848.6M

Retail & Other

26.82%

$2.3B

Based on market cap of $8.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CORT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.0B 0.02% of portfolio	11.43% 12.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$792.6M 0.01% of portfolio	9.05% 9.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
INGALLS & SNYDER LLC RIA/Wealth	Adam David Janovic Managing Partner	$639.8M 21.76% of portfolio	7.31% 7.7M shares	≤ Q2 2013 Held for 12y 5m+	$2.9B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$506.1M 0.67% of portfolio	5.78% 6.1M shares	Q1 2015 Held for 10y 8m	$75.8B
Parallel Advisors, LLC RIA/Wealth	Jerry Eilert Rendic CEO	$321.8M 5.91% of portfolio	3.67% 3.9M shares	Q2 2019 Held for 6y 5m	$5.4B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$246.9M 0.01% of portfolio	2.82% 3.0M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FMR LLC Institution	-	$183.0M 0.01% of portfolio	2.09% 2.2M shares	Q1 2017 Held for 8y 8m	$1.92T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$161.5M 0.01% of portfolio	1.84% 1.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$157.3M 0.03% of portfolio	1.80% 1.9M shares	Q4 2016 Held for 8y 11m	$466.32B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$125.3M 0.08% of portfolio	1.43% 1.5M shares	Q1 2014 Held for 11y 8m	$156.17B

Net Capital Flow

Institutional buying and selling activity for CORT in Q3 2025

Traded: +$42.9M
Buyers: 212
Sellers: 192
Total Bought: +$543.9M
Total Sold: −$501.0M
Avg Position: $13.6M

Biggest Buyers

Institution	Net Bought	Current Position
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$105.9M +1.3M shares	$125.3M 1.5M shares
FMR LLC Institution	+$70.2M +845.0K shares	$183.0M 2.2M shares
JPMORGAN CHASE & CO Institution	+$48.8M +587.1K shares	$70.6M 849.9K shares
UBS Group AG Institution	+$36.8M +442.9K shares	$45.7M 549.9K shares
P Pacer Advisors, Inc. Institution	+$32.0M +384.9K shares	$32.5M 390.6K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	+$25.4M +305.9K shares	$25.4M 305.9K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$21.3M +255.8K shares	$89.0M 1.1M shares
BROWN CAPITAL MANAGEMENT LLC Long Only Manager	+$20.0M +240.0K shares	$20.0M 240.0K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$19.6M +236.0K shares	$31.8M 383.1K shares
Synergy Financial Management, LLC RIA/Wealth	+$19.4M +248.4K shares	$39.6M 506.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BlackRock, Inc. Institution	−$40.1M −483.0K shares	$1.0B 12.0M shares
MORGAN STANLEY RIA/Wealth	−$35.5M −427.1K shares	$98.6M 1.2M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$34.9M −419.4K shares	$30.7M 369.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$27.8M −334.4K shares	$9.3M 111.6K shares
Invesco Ltd. ETF Provider	−$24.9M −299.2K shares	$60.9M 732.6K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	−$20.8M −250.5K shares	$29.2M 350.9K shares
M Man Group plc Institution	−$19.7M −237.5K shares	$14.3M 172.6K shares
Catalio Capital Management, LP Venture Capital	−$17.6M −239.1K shares	Sold Off 0 shares
Q Qube Research & Technologies Ltd Institution	−$16.5M −225.4K shares	Sold Off 0 shares
AMERIPRISE FINANCIAL INC Institution	−$16.4M −196.8K shares	$18.5M 222.4K shares

Entry and Exit Activity

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

New Positions: 34
New Value: $55.7M
Exited Positions: 48
Exited Value: $97.2M

New Positions

Institution	Position Value
Bridgewater Associates, LP Hedge Fund•Global Macro	$25.4M 305.9K shares
BROWN CAPITAL MANAGEMENT LLC Long Only Manager	$20.0M 240.0K shares
TrimTabs Asset Management, LLC Long Only Manager	$3.2M 39.0K shares
Stanley-Laman Group, Ltd. RIA/Wealth	$2.0M 24.5K shares
Glenmede Investment Management, LP Long Only Manager	$843.2K 10.1K shares
Ellsworth Advisors, LLC RIA/Wealth	$768.6K 10.0K shares
A Ausbil Investment Management Ltd Long Only Manager	$472.3K 5.6K shares
COMMERCE BANK RIA/Wealth	$470.2K 5.7K shares
F FRED ALGER MANAGEMENT INC Long Only Manager	$336.5K 4.0K shares
BRIGHTON JONES LLC RIA/Wealth	$289.5K 3.5K shares

Exited Positions

Institution	Previous Position
Catalio Capital Management, LP Venture Capital	$17.6M 239.1K shares
Q Qube Research & Technologies Ltd Institution	$16.5M 225.4K shares
H HRT FINANCIAL LLC Institution	$14.8M 201.0K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	$7.1M 96.2K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$5.4M 73.6K shares
EAM Investors, LLC Long Only Manager	$4.4M 59.5K shares
EAM Global Investors LLC Long Only Manager	$4.3M 59.2K shares
Marshall Wace LLP Institution	$3.4M 46.2K shares
Q Quantessence Capital LLC Hedge Fund•Quant	$2.5M 34.0K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$2.5M 33.5K shares

Options Activity

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

Call Positions: 14
Call Value: $49.8M
Put Positions: 17
Put Value: $59.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$16.7M 2.0K contracts
BARCLAYS PLC Institution	$10.4M 1.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$7.4M 887.0 contracts
J JANE STREET GROUP, LLC Institution	$6.0M 726.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$3.3M 395.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.0M 357.0 contracts
L LMR Partners LLP Institution	$831.1K 100.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$723.1K 87.0 contracts
Walleye Trading LLC RIA/Wealth	$673.2K 81.0 contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$307.5K 37.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$15.7M 1.9K contracts
AMERIPRISE FINANCIAL INC Institution	$9.7M 1.2K contracts
BARCLAYS PLC Institution	$8.1M 969.0 contracts
L Long Focus Capital Management, LLC Hedge Fund•Global Macro	$5.8M 700.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.0M 484.0 contracts
J JANE STREET GROUP, LLC Institution	$3.8M 462.0 contracts
D D. E. Shaw & Co., Inc. Institution	$3.7M 450.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.5M 295.0 contracts
DIADEMA PARTNERS LP Hedge Fund•Long/Short	$2.2M 265.0 contracts
L LMR Partners LLP Institution	$1.7M 206.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
INGALLS & SNYDER LLC RIA/Wealth	Adam David Janovic Managing Partner	21.76% $639.8M	7.31% 7.7M shares	≤ Q2 2013 Held for 12y 5m+	$2.9B
Checkpoint Capital L.P. Hedge Fund•Sector	Tony Michael Berta CFO	17.36% $32.6M	0.37% 392.3K shares	Q1 2025 Held for 8 months	$187.8M
TANAKA CAPITAL MANAGEMENT INC RIA/Wealth	Graham Yoshio Tanaka President	13.44% $9.2M	0.11% 111.2K shares	Q3 2025 Held for 2 months	$68.8M
Parallel Advisors, LLC RIA/Wealth	Jerry Eilert Rendic CEO	5.91% $321.8M	3.67% 3.9M shares	Q2 2019 Held for 6y 5m	$5.4B
B Birchview Capital, LP Hedge Fund•Value	Matthew William Strobeck CIO	4.29% $5.6M	0.06% 67.2K shares	Q4 2015 Held for 9y 11m	$130.3M
S S&T BANK/PA Institution	-	2.80% $9.3M	0.11% 111.3K shares	Q1 2018 Held for 7y 8m	$330.2M
Financial Advisory Service, Inc. RIA/Wealth	John T Meier President	1.74% $25.6M	0.29% 308.3K shares	Q1 2020 Held for 5y 8m	$1.5B
Synergy Financial Management, LLC RIA/Wealth	Todd Sinclair Jessup President	1.43% $39.6M	0.48% 506.9K shares	Q2 2024 Held for 1y 5m	$2.8B
Intrinsic Edge Capital Management LLC Hedge Fund•Multi-Strategy	Mark David Coe Managing Partner	1.41% $9.3M	0.11% 111.9K shares	Q4 2023 Held for 1y 11m	$658.6M
AH Lisanti Capital Growth, LLC Long Only Manager	Mary Lisanti President	1.38% $5.7M	0.06% 68.3K shares	Q2 2024 Held for 1y 5m	$410.1M

Hedge Fund Spotlight

Discover hedge funds investing in CORT

JACOBS LEVY EQUITY MANAGEMENT, INC

Hedge Fund • Quant

Portfolio ManagerBruce Ira Jacobs

Portfolio Value: $25.2B
Positions: 953
Last Reported: Q3 2025

Sector Allocation

Position in Corcept Therapeutics

Market Value: $318.1K
Shares Held: 3.8K
Portfolio Weight: 0.00%
Owned Since: 2024-Q1

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