Journey Medical Corp: which funds bought and sold

Institutions that bought and sold Journey Medical shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 42 institutions that filed 13F reports for both quarters added to or opened positions in Journey Medical, and 46 cut or closed them. Together they sold a net 1.2M shares, −10.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 586K shares (+11.6%); index fund managers were net sellers of 2.0M shares (−63.1%). 23 opened a new position and 23 sold out entirely.

Bought, Q2 2026 42 institutions, 23 of them new holders Sold, Q2 2026 46 institutions, 23 of them sold out

Net change, all compared −1.2M shares (−10.2%)

Net change, active managers +586K shares (+11.6%), 11 bought, 8 sold

Buyers versus sellers

institutions compared, 94

42 bought 6 46 sold

Active managers and hedge funds 11 bought · 8 sold · +586K

Index fund managers 0 bought · 9 sold · −2.0M

Other institutions 31 bought · 29 sold · +240K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Wasatch Advisors LP Active manager	+726K +34.0%	2.9M	$20.2M
Punch & Associates Investment Management, Inc.	+536K New position	536K	$3.8M
Jane Street Group, LLC	+320K New position	320K	$2.3M
Trexquant Investment LP Hedge fund	+143K +509.8%	171K	$1.2M
Marshall Wace, LLP Hedge fund	+140K New position	140K	$990,087
Diametric Capital, LP	+99K +50.5%	296K	$2.1M
Citadel Advisors LLC Hedge fund	+82K New position	82K	$581,615
Xtx Topco Ltd	+72K +243.7%	101K	$714,535
Walleye Capital LLC Hedge fund	+65K New position	65K	$463,471
Geneos Wealth Management Inc.	+63K New position	63K	$448,022
Pale Fire Capital Se	+47K +9.7%	529K	$3.7M
BNP Paribas Financial Markets	+43K +919.6%	47K	$335,670
ADAR1 Capital Management, LLC Hedge fund	+40K New position	40K	$279,780
Integrated Wealth Concepts LLC	+39K +95.5%	79K	$558,809
Morgan Stanley	+31K +298.9%	42K	$297,530
Aster Capital Management (Difc) Ltd	+31K New position	31K	$217,498
Squarepoint Ops LLC Hedge fund	+29K +176.9%	45K	$321,467
Quadrature Capital Ltd Hedge fund	+29K New position	29K	$204,194
AQR Capital Management LLC Hedge fund	+25K New position	25K	$176,129
Goldman Sachs Group Inc	+21K +30.1%	90K	$639,282

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Wasatch Advisors LP Active manager	+726K +34.0%	2.9M	$20.2M
Trexquant Investment LP Hedge fund	+143K +509.8%	171K	$1.2M
Marshall Wace, LLP Hedge fund	+140K New position	140K	$990,087
Citadel Advisors LLC Hedge fund	+82K New position	82K	$581,615
Walleye Capital LLC Hedge fund	+65K New position	65K	$463,471
ADAR1 Capital Management, LLC Hedge fund	+40K New position	40K	$279,780
Squarepoint Ops LLC Hedge fund	+29K +176.9%	45K	$321,467
Quadrature Capital Ltd Hedge fund	+29K New position	29K	$204,194
AQR Capital Management LLC Hedge fund	+25K New position	25K	$176,129
Brevan Howard Capital Management LP Hedge fund	+19K New position	19K	$133,508

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	−872K −89.6%	101K	$714,945
Opaleye Management Inc.	−610K −63.5%	350K	$2.5M
Vanguard Capital Management LLC Index funds	−407K −37.6%	675K	$4.8M
J. Goldman & Co LP Hedge fund	−363K −72.5%	138K	$974,095
UBS Group AG	−307K −78.6%	84K	$591,279
Millennium Management LLC Hedge fund	−273K −71.3%	110K	$778,913
Geode Capital Management, LLC Index funds	−247K −53.4%	216K	$1.5M
State Street Corp Index funds	−171K −72.2%	66K	$467,124
Vanguard Portfolio Management LLC Index funds	−122K Sold out	0	—
Northern Trust Corp Index funds	−114K −76.2%	36K	$252,444
Charles Schwab Investment Management Inc Index funds	−45K Sold out	0	—
Lazard Asset Management LLC Active manager	−45K Sold out	0	—
Vanguard Fiduciary Trust Co Index funds	−43K −31.2%	95K	$670,681
Bank Of New York Mellon Corp	−37K Sold out	0	—
Summit Financial, LLC	−33K −8.7%	347K	$2.5M
Nuveen, LLC	−24K Sold out	0	—
Focus Partners Wealth	−19K Sold out	0	—
Neuberger Berman Group LLC Active manager	−16K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−13K −5.3%	230K	$1.6M
Metlife Investment Management, LLC	−12K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
J. Goldman & Co LP Hedge fund	−363K −72.5%	138K	$974,095
Millennium Management LLC Hedge fund	−273K −71.3%	110K	$778,913
Lazard Asset Management LLC Active manager	−45K Sold out	0	—
Neuberger Berman Group LLC Active manager	−16K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−13K −5.3%	230K	$1.6M
Price T Rowe Associates Inc Active manager	−11K Sold out	0	—
FMR LLC Active manager	−1,718 −78.3%	476	$3,370
Federated Hermes, Inc. Active manager	−144 Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Punch & Associates Investment Management, Inc.	536K	$3.8M
Jane Street Group, LLC	320K	$2.3M
Marshall Wace, LLPHedge fund	140K	$990,087
Citadel Advisors LLCHedge fund	82K	$581,615
Walleye Capital LLCHedge fund	65K	$463,471
Geneos Wealth Management Inc.	63K	$448,022
ADAR1 Capital Management, LLCHedge fund	40K	$279,780
Aster Capital Management (Difc) Ltd	31K	$217,498
Quadrature Capital LtdHedge fund	29K	$204,194
AQR Capital Management LLCHedge fund	25K	$176,129

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Vanguard Portfolio Management LLCIndex funds	122K	$573,329
Charles Schwab Investment Management IncIndex funds	45K	$212,602
Lazard Asset Management LLCActive manager	45K	$210,572
Bank Of New York Mellon Corp	37K	$174,443
Nuveen, LLC	24K	$112,719
Focus Partners Wealth	19K	$88,993
Neuberger Berman Group LLCActive manager	16K	$75,209
Metlife Investment Management, LLC	12K	$58,301
Deutsche Bank Ag\	12K	$54,216
Price T Rowe Associates IncActive manager	11K	$53,000

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 71
Ten largest holders: 72.9%
Index fund managers: 11.2%
Active managers and hedge funds: 52.9%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	11	8	8	4	+586K	+11.6%
Index fund managers	0	9	0	3	−2.0M	−63.1%
Other institutions	31	29	15	16	+240K	+6.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Journey Medical.

Only managers that filed a holdings report for both quarters are compared (94 here). 1 other holder is left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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