Institutional Manager · CIK 0001119376
COURAGE CAPITAL MANAGEMENT LLC
NASHVILLE, TN · File #028-10362
Latest AUM
$72,356
Positions
13
Top-10 Concentration
95.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | Starbucks Corp | 855244109 | -9,800 | -$829 | $0 |
| REDUCE | Meta Platforms Inc | META | -1,000 | -$660 | -$590 |
| ADD | Fidelity Wise Bitcoin Fund | FBTC | +5,000 | +$381 | -$3,911 |
| REDUCE | Alphabet Inc Class C | GOOG | 0 | $0 | +$738 |
| REDUCE | Core Civic Inc | CXW | 0 | $0 | -$588 |
| REDUCE | Goldman Sachs Physical Gold | 38150K103 | 0 | $0 | +$816 |
| REDUCE | Invesco Senior Loan ETF | IVZ | 0 | $0 | +$45 |
| REDUCE | iShares Gold Trust | IAU | 0 | $0 | +$235 |
| REDUCE | Johnson & Johnson Inc | JNJ | 0 | $0 | +$43 |
| REDUCE | Pinnacle Financial Partners | 72346Q104 | 0 | $0 | +$35 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202513 pos · $72,356
- 13F HOLDINGS REPORTQ/E Sep 202514 pos · $75,685
- 13F HOLDINGS REPORTQ/E Jun 202513 pos · $67,804
- 13F HOLDINGS REPORTQ/E Mar 202512 pos · $48,974
- 13F HOLDINGS REPORTQ/E Dec 202412 pos · $48,458
- 13F HOLDINGS REPORTQ/E Sep 202411 pos · $40,363
- 13F HOLDINGS REPORTQ/E Jun 202412 pos · $39,607
- 13F HOLDINGS REPORTQ/E Mar 202412 pos · $34,525
- 13F HOLDINGS REPORTQ/E Dec 202312 pos · $29,484
Top 13 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Invesco Senior Loan ETF | IVZ | 648,000 | $13,608 | 18.81% |
| 2 | Fidelity Wise Bitcoin Fund | FBTC | 170,865 | $13,025 | 18.00% |
| 3 | Core Civic Inc | CXW | 473,961 | $9,057 | 12.52% |
| 4 | Sprott Physical Gold Trust | SII | 264,500 | $8,734 | 12.07% |
| 5 | Goldman Sachs Physical Gold | 38150K103 | 184,254 | $7,840 | 10.84% |
| 6 | SPDR S&P 500 ETF | SPY | 6,821 | $4,651 | 6.43% |
| 7 | Meta Platforms Inc | META | 6,950 | $4,588 | 6.34% |
| 8 | Alphabet Inc Class C | GOOG | 10,500 | $3,295 | 4.55% |
| 9 | iShares Gold Trust | IAU | 28,000 | $2,273 | 3.14% |
| 10 | Pinnacle Financial Partners | 72346Q104 | 21,565 | $2,058 | 2.84% |
| 11 | United Health Group Inc | UNH | 4,300 | $1,419 | 1.96% |
| 12 | Tesla Inc | TSLA | 3,100 | $1,394 | 1.93% |
| 13 | Johnson & Johnson Inc | JNJ | 2,000 | $414 | 0.57% |