Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

CORCEPT THERAPEUTICS INC (CORT)

394 + Investors. Track Smart Money conviction in CORT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -34
Streak
1Q ▼
Buyers last Q
43%

Smart Money Signals — CORT

Based on 370 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CORT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
370 funds currently hold this stock — 91% of the 3.0-year high of 407 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 43% buying

187 buying249 selling
Last quarter: 249 funds reduced or exited vs 187 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~65 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 106 → 64 → 61 → 65. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 24% medium ■ 22% new
197 out of 370 hedge funds have held CORT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +6%, value -56%

Value
-55%
Shares
+5%
Last quarter: funds added +6% more shares while total portfolio value only changed -56%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

81 → 106 → 64 → 61 → 65 new funds/Q
New funds entering each quarter: 106 → 64 → 61 → 65. CORT is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 59% of holders stayed 2+ years

■ 59% veterans ■ 12% 1-2yr ■ 29% new
Of 394 current holders: 232 (59%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
41 of 370 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CORT

In 2025 Q4, 187 hedge funds were net buyers of CORT (65 opened a new position, 122 added to an existing one), while 249 reduced or exited (150 trimmed, 99 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. 39% of total institutional value in CORT is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -34 funds (more exits than new entries). Total institutional holders: 370.

Hedge Fund Ownership: CORT

How many hedge funds hold CORT — quarterly history vs. share price
Quarterly hedge fund ownership of CORT vs. share price

Market Analysis: CORT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CORT

Healthcare Biotechnology

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

25 top-rated funds 4 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
3.7
/ 10
conviction
Hedge Fund Positioning: CORT
2026 Q1 Stats Unlock in 5 days 394 + Investors

Track Smart Money conviction in CORT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 394 423 -6.86%
13F Shares 83M 78M 5.81%
Total Value $2.87B $6.46B -55.61%
New Positions 71 61 +10
Increased Positions 156 158 -2
Closed Positions 102 57 +45
Reduced Positions 162 180 -18
Total Calls 16 13 23.08%
Total Puts 14 12 16.67%
PUT/CALL Ratio 0.88 0.92 Neutral

Statistics: CORT

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Financial Highlights

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Institutional Holders (2026 Q1)

394 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CORT. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of CORT — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 INGALLS & SNYDER LLC 10.86% 7,608,716 $307K
2 Sio Capital Management, LLC 3.90% 674,759 $27.2M
3 Propel Bio Management, LLC 3.80% 147,828 $6.0M
4 Parallel Advisors, LLC 2.88% 3,977,404 $160.3M
5 HUSSMAN STRATEGIC ADVISORS, INC. 1.10% 126,000 $5.1M
6 DIADEMA PARTNERS LP 1.09% 158,500 $6.4M
7 S&T BANK/PA 1.02% 68,087 $2.7M
8 Bridge City Capital, LLC 0.61% 54,874 $2.2M
9 Illumine Investment Management, LLC 0.54% 17,524 $706K
10 BROWN CAPITAL MANAGEMENT LLC 0.54% 93,693 $3.8M
11 Soleus Capital Management, L.P. 0.47% 285,531 $11.5M
12 FOCUSED ALPHA, LLC 0.40% 32,421 $1.3M
13 RENAISSANCE TECHNOLOGIES LLC 0.36% 5,682,783 $229.1M
14 EMERALD MUTUAL FUND ADVISERS TRUST 0.35% 179,607 $7.2M
15 Stanley-Laman Group, Ltd. 0.34% 68,625 $2.8M
16 Avidity Partners Management LP 0.32% 30,000 $1.4M
17 EMERALD ADVISERS, LLC 0.26% 205,558 $8.3M
18 KENNEDY CAPITAL MANAGEMENT LLC 0.26% 304,615 $12.3M
19 Intellectus Partners, LLC 0.26% 31,000 $1.2M
20 Neo Ivy Capital Management 0.25% 23,505 $947K
21 Linden Thomas Advisory Services, LLC 0.24% 61,250 $2.5M
22 Caption Management, LLC 0.23% 993,100 $40.0M
23 Odyssean, LLC 0.21% 14,271 $575K
24 Boston Trust Walden Corp 0.15% 462,606 $18.6M
25 F/m Investments LLC 0.14% 51,152 $2.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — CORCEPT THERAPEUTICS INC (CORT)

What does the Smart Money Trend signal show for CORT?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CORT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CORT?

More sellers than buyers — 43% buying: Last quarter: 249 funds reduced or exited vs 187 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CORT holders?

Strong quality — 39% AUM from major funds: 41 of 370 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held CORT?

53% of holders stayed for 2+ years: 197 out of 370 hedge funds have held CORT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.