Tang Capital Management CORT Position
Active3-Fund ConvergenceTang Capital Management initiated a new position in Corcept Therapeutics Inc. (CORT) in Q4 2025, holding $5.5M worth of shares across 156,764 shares.
CORT is a convergence signal: 3 specialist biotech funds hold this stock, suggesting high institutional conviction.
There is an upcoming Phase 2 readout for Relacorilant 150 mg once daily (QD) in 137 days (Aug 31, 2026), making the timing of Tang Capital's position particularly relevant.
Short interest stands at 16.5% of float with 7.1 days to cover, indicating significant bearish positioning against Tang Capital's long thesis.
About Corcept Therapeutics Inc.
Corcept Therapeutics Incorporated discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and neuropsychiatric disorders in the United States. The company offers Korlym (mifepristone) tablets as a once-daily oral medication for the treatment of hyperglycemia secondary to hypercortisolism in adult patients with endogenous Cushing's syndrome, who have type 2 diabetes mellitus or glucose intolerance, and have failed surgery or are not candidates for surgery. It is developing relacorilant to treat patients with Cushing's syndrome; and nab-paclitaxel in combination with relacorilant, which has completed Phase II clinical trial to treat patients with advanced ovarian tumors, as well as for the treatment of cortisol excess. The company is also developing selective cortisol modulator to treat patients with metastatic castration-resistant prostate cancer; selective cortisol modulator for the treatment of antipsychotic-induced weight gain and other disorders; and FKBP5 gene expression assays. Corcept Therapeutics Incorporated was incorporated in 1998 and is headquartered in Menlo Park, California.
Full company profile →Short Interest
16.5%
7.1 days to cover
Frequently Asked Questions
Does Tang Capital Management own CORT?
Yes. As of Q4 2025, Tang Capital Management holds 156,764 shares of Corcept Therapeutics Inc. (CORT) valued at $5.5M. This data comes from their SEC 13F filing.
How many hedge funds own CORT?
3 specialist biotech hedge funds currently hold CORT, including Driehaus Capital, Rock Springs Capital. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Tang Capital Management first buy CORT?
Tang Capital Management's position in CORT was first reported in Q4 2025. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Tang Capital Management's CORT position increasing or decreasing?
Tang Capital Management initiated a new position in CORT in the most recent quarter. This is their first reported holding.
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