Courage Capital Management’s Element Solutions ESI Stock Holding History

Courage Capital Management’s Portfolio ESI Stock Details ESI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-155,717	Closed	-$1.97M	–	22
2015 Q3	$1.97M	Buy	155,717 +14,991	+11%	+$309K	1.51%	19
2015 Q2	$3.6M	Sell	140,726 -134,459	-49%	-$3.63M	1.96%	12
2015 Q1	$7.06M	Sell	275,185 -19,815	-7%	-$477K	6.77%	3
2014 Q4	$6.85M	Buy	295,000 +85,885	+41%	+$2.12M	7.7%	4
2014 Q3	$5.23M	Sell	209,115 -17,790	-8%	-$469K	4.79%	7
2014 Q2	$6.36M	Sell	226,905 -95,694	-30%	-$2.22M	4.07%	6
2014 Q1	$6.15M	Buy	+322,599	New	+$5.85M	3.34%	8

Other funds holding ESI

PSCM

Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

CCI

Cevian Capital II St. Helier, Jersey $3.12B AUM 25.62% 1-Year Est. Return

BRC

Blue Ridge Capital New York $215M AUM

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

BCM

Bares Capital Management Austin, Texas $1.08B AUM 38.13% 1-Year Est. Return

Courage Capital Management's ESI Position: Q4 2015 in Review

Courage Capital Management sold out of Element Solutions (ESI) in Q4 2015, closing a stake of 155,717 shares — an estimated $1.97M sold.

Courage Capital Management first reported a position in ESI in Q1 2014 and held it in 7 quarters. The position peaked at $7.06M in Q1 2015. 162 funds tracked by Wall St. Rank hold ESI as of Q4 2015.

Courage Capital Management reported no remaining Element Solutions position as of Q4 2015 after selling out during the quarter.
Courage Capital Management sold 155,717 Element Solutions shares in Q4 2015, an estimated $1.97M.
Courage Capital Management first reported a position in Element Solutions in Q1 2014 and held it in 7 quarters.
Courage Capital Management's Element Solutions position peaked at $7.06M in Q1 2015.
162 funds tracked by Wall St. Rank held Element Solutions as of Q4 2015.

Based on Courage Capital Management's 13F filing for Q4 2015, filed 12 Feb 2016.