Renaissance Technologies (CORT) discloses 4.90% beneficial stake in Corcept Therapeutics
Rhea-AI Filing Summary
Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation report beneficial ownership of common stock of Corcept Therapeutics Inc. They state beneficial ownership of 5,261,628 shares of common stock, representing 4.90% of the class. The filing indicates sole voting and sole dispositive power over all 5,261,628 shares, with no shared voting or dispositive power. Certain funds managed by Renaissance Technologies LLC have the right to receive dividends and proceeds from the sale of these securities.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 5,261,628 shares
Percent of class owned: 4.90%
Sole voting power: 5,261,628 shares
+1 more
4 metrics
Shares beneficially owned
5,261,628 shares
Common stock of Corcept Therapeutics beneficially owned by Renaissance entities
Percent of class owned
4.90%
Percentage of Corcept Therapeutics common stock class reported as beneficially owned
Sole voting power
5,261,628 shares
Shares over which Renaissance reports sole power to vote or direct the vote
Sole dispositive power
5,261,628 shares
Shares over which Renaissance reports sole power to dispose or direct disposition
Key Terms
beneficially owned, sole voting power, dispositive power, Schedule 13G
4 terms
beneficially owned financial
"Amount beneficially owned: 5261628"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Sole power to vote or to direct the vote: 5261628"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive power financial
"Sole power to dispose or to direct the disposition of: 5261628"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13G regulatory
"Statement on , and all amendments thereto, with respect to the shares"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What percentage of Corcept Therapeutics (CORT) does Renaissance Technologies report owning?
Renaissance Technologies and its affiliate report beneficial ownership of 4.90% of Corcept Therapeutics’ common stock, representing 5,261,628 shares with sole voting and dispositive power over all reported shares.
Which entities are listed as reporting persons for the Corcept Therapeutics (CORT) Schedule 13G/A?
The reporting persons are Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation, both organized in Delaware, each reporting the same 5,261,628 shares and 4.90% beneficial ownership.
Do other parties have economic interests in Renaissance’s Corcept Therapeutics (CORT) holdings?
Yes. The filing states that certain funds managed by Renaissance Technologies LLC have the right to receive dividends and proceeds from the sale of the Corcept Therapeutics common stock covered.
AI-generated analysis. How Rhea-AI works. Not financial advice.