Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in DERM held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | WASATCH ADVISORS INC | 2.1M | $10.0M | +62.1% | 7.752% | 0.07% |
| 2 | TANG CAPITAL MANAGEMENT LLC | 1.6M | $7.6M | -13.2% | 5.850% | 0.38% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 1.1M | $5.1M | — | 3.932% | 0.00% |
| 4 | BlackRock, Inc. | 973K | $4.6M | +35.2% | 3.535% | 0.00% |
| 5 | Opaleye Management Inc. | 960K | $4.5M | -1.5% | 3.488% | 0.59% |
| 6 | J. Goldman & Co LP | 500K | $2.3M | -37.4% | 1.817% | 0.07% |
| 7 | Pale Fire Capital SE | 482K | $2.3M | +8.4% | 1.751% | 0.20% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 463K | $2.2M | +47.5% | 1.683% | 0.00% |
| 9 | UBS Group AG | 390K | $1.8M | +34.4% | 1.418% | 0.00% |
| 10 | MILLENNIUM MANAGEMENT LLC | 383K | $1.8M | -16.3% | 1.392% | 0.00% |
| 11 | Summit Financial, LLC | 380K | $1.8M | -2.7% | 1.380% | 0.02% |
| 12 | Ikarian Capital, LLC | 251K | $1.2M | 0.0% | 0.914% | 0.13% |
| 13 | RENAISSANCE TECHNOLOGIES LLC | 243K | $1.1M | -0.6% | 0.881% | 0.00% |
| 14 | STATE STREET CORP | 237K | $1.1M | +36.9% | 0.862% | 0.00% |
| 15 | Diametric Capital, LP | 196K | $921K | +280.0% | 0.714% | 0.24% |
| 16 | AMERICAN FINANCIAL GROUP INC | 180K | $844K | 0.0% | 0.654% | 0.31% |
| 17 | NORTHERN TRUST CORP | 150K | $703K | +60.1% | 0.545% | 0.00% |
| 18 | VANGUARD FIDUCIARY TRUST CO | 138K | $646K | — | 0.500% | 0.00% |
| 19 | VANGUARD PORTFOLIO MANAGEMENT LLC | 122K | $573K | — | 0.444% | 0.00% |
| 20 | ENVESTNET ASSET MANAGEMENT INC | 72K | $336K | +113.2% | 0.260% | 0.00% |
| 21 | GOLDMAN SACHS GROUP INC | 69K | $325K | +261.3% | 0.252% | 0.00% |
| 22 | BOOTHBAY FUND MANAGEMENT, LLC | 67K | $316K | 0.0% | 0.245% | 0.01% |
| 23 | Frec Markets, Inc. | 51K | $237K | — | 0.183% | 0.04% |
| 24 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 45K | $213K | +27.7% | 0.165% | 0.00% |
| 25 | LAZARD ASSET MANAGEMENT LLC | 45K | $211K | -28.2% | 0.163% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in DERM — a direct measure of their conviction.
Filings activity in DERM during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 69 | 9.2% | 31.59% | 16.62 pp | $55M | 34% |
| Q4 2025 | 76 | +15% | 48.21% | +13.68 pp | $84M | +40% |
| Q3 2025 | 66 | +20% | 34.53% | +8.89 pp | $60M | +35% |
| Q2 2025 | 55 | +45% | 25.64% | +10.42 pp | $45M | +69% |
| Q1 2025 | 38 | +0.0% | 15.22% | +7.52 pp | $27M | +98% |
| Q4 2024 | 38 | +0.0% | 7.70% | +2.42 pp | $13M | +46% |
| Q3 2024 | 38 | +2.7% | 5.28% | 0.41 pp | $9M | 7.2% |
| Q2 2024 | 37 | — | 5.69% | — | $10M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying DERM stock.
Based on Q1 2026 13F filings, institutional ownership of Journey Medical Corporation stands at 31.6%, held across 69 reporting institutions.
WASATCH ADVISORS INC is the largest reported institutional holder of DERM, with approximately 2,133,370 shares worth $0.01B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of DERM, including MILLENNIUM MANAGEMENT LLC, RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for DERM is 38 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
12 institutions opened new positions in DERM during Q1 2026, while 19 fully exited. 9 added to existing positions and 47 trimmed.
DERM institutional ownership fell by 16.62 percentage points quarter-over-quarter, with a net change of -7 holders.
The top 10 institutions account for 76.4% of all reported 13F value in DERM, and the top 25 account for 95.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Journey Medical Corporation (DERM) Institutional Ownership