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CCM
Courage Capital Management Portfolio holdings
AUM
$70.6M
1-Year Est. Return
13.29%
This Fund
S&P 500
This Quarter
Est. Return
+8.38%
1 Year Est. Return
+13.29%
3 Year Est. Return
+76.1%
5 Year Est. Return
+95.09%
10 Year Est. Return
+7,780.05%
AUM
$156M
AUM Growth
-$27.8M
(-15%)
Cap. Flow
-$45.8M
Cap. Flow
% of AUM
-29.36%
Top 10 Holdings %
Top 10 Hldgs %
79.33%
Holding
30
New
5
Increased
5
Reduced
11
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hershey
HSY
|
+$3.75M |
| 2 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$3.06M |
| 3 |
LiveRamp
RAMP
|
+$1.82M |
| 4 |
NetApp
NTAP
|
+$1.79M |
| 5 |
Mettler-Toledo International
MTD
|
+$1.68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVC
CABLEVISION SYS CP NY GRP CL-A
CVC
|
+$4.25M |
| 2 |
ECHO
EchoStar
ECHO
|
+$3.7M |
| 3 |
SPDR Gold Trust
GLD
|
+$2.48M |
| 4 |
Element Solutions
ESI
|
+$2.22M |
| 5 |
BSMX
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
|
+$2.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 14.67% |
| 2 | Industrials | 6.65% |
| 3 | Financials | 6.38% |
| 4 | Consumer Discretionary | 6.27% |
| 5 | Energy | 5.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$82.2B
| $64.2M | 41.09% |
540,000
-140,000
| -21% | -$15.9M |
|
|
ECHO
2
EchoStar
ECHO
$26.7B
| $9.16M | 5.87% |
213,567
-92,906
| -30% | -$3.7M |
|
|
CPE
3
DELISTED
Callon Petroleum Company
CPE
| $8.15M | 5.22% |
69,962
-19,500
| -22% | -$1.93M |
|
|
ASCMA
4
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $7.99M | 5.12% |
121,016
+20,538
| +20% | +$1.37M |
|
5
Markel Group
MKL
$24.7B
| $7.7M | 4.93% |
11,743
+166
| +1% | +$105K |
|
|
6
Element Solutions
ESI
$9.11B
| $6.36M | 4.07% |
226,905
-95,694
| -30% | -$2.22M |
|
7
Marriott International
MAR
$96.6B
| $5.84M | 3.74% |
91,067
-30,023
| -25% | -$1.78M |
|
|
DWA
8
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $4.61M | 2.95% |
198,039
-9,843
| -5% | -$257K |
|
|
9
Hershey
HSY
$34.8B
| $3.73M | 2.39% |
+38,279
| New | +$3.75M |
|
|
SNI
10
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $3.25M | 2.08% |
+40,000
| New | +$3.06M |
|
11
Alphabet (Google) Class C
GOOG
$4.22T
| $2.89M | 1.85% |
99,994
-100
| -0.1% | -$2.71K |
|
12
Qualcomm
QCOM
$181B
| $2.53M | 1.62% |
32,000
| – | – |
|
|
FRGI
13
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $2.45M | 1.57% |
52,830
+36,218
| +218% | +$1.46M |
|
|
JAH
14
DELISTED
JARDEN CORPORATION
JAH
| $2.4M | 1.53% |
60,539
+8,097
| +15% | +$309K |
|
15
American International
AIG
$42.7B
| $2.27M | 1.45% |
41,538
+4,799
| +13% | +$254K |
|
|
16
SPDR Gold Trust
GLD
$130B
| $2.24M | 1.44% |
17,500
-20,000
| -53% | -$2.48M |
|
|
17
NetApp
NTAP
$32.1B
| $1.83M | 1.17% |
+50,000
| New | +$1.79M |
|
|
18
Mettler-Toledo International
MTD
$26.5B
| $1.77M | 1.13% |
+7,000
| New | +$1.68M |
|
19
Live Nation Entertainment
LYV
$41.9B
| $1.76M | 1.13% |
71,268
-89,307
| -56% | -$2.01M |
|
|
20
LiveRamp
RAMP
$2.3B
| $1.53M | 0.98% |
+70,592
| New | +$1.82M |
|
21
America's Car Mart
CRMT
$31.4M
| $1.51M | 0.97% |
38,137
| – | – |
|
|
CVC
22
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $1.24M | 0.79% |
70,000
-248,768
| -78% | -$4.25M |
|
|
DXM
23
DELISTED
DEX MEDIA INC NEW COM STK (DE)
DXM
| $480K | 0.31% |
43,062
-36,938
| -46% | -$356K |
|
24
Walmart Inc
WMT
$909B
| $417K | 0.27% |
16,650
| – | – |
|
25
McDonald's
MCD
$190B
| – | – |
-9,259
| Closed | -$908K |
|
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Courage Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Courage Capital Management held 30 positions worth $156M, down 15% from $184M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Courage Capital Management withdrew a net $45.8M in Q2 2014, closing 4 positions and reducing 11 holdings. Its most notable exit was Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México, an estimated $2.09M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 15% of assets, down from 16% a quarter earlier, followed by Industrials and Financials.
Against the trend, Courage Capital Management opened a new position in Hershey worth $3.73M.
- Courage Capital Management's largest Q2 2014 buy was Hershey: 38,279 shares worth $3.73M.
- Courage Capital Management added most to Fiesta Restaurant Group, Inc. in Q2 2014, an estimated $1.46M increase.
- Courage Capital Management's biggest Q2 2014 reduction was CABLEVISION SYS CP NY GRP CL-A, cutting an estimated $4.25M.
- Courage Capital Management fully exited Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México in Q2 2014, selling an estimated $2.09M.
- Courage Capital Management's ten largest holdings make up 79% of its $156M portfolio in Q2 2014.
- Courage Capital Management opened 5 new positions and closed 4 in Q2 2014.
- Courage Capital Management's portfolio value fell 15% quarter-over-quarter to $156M.
Based on Courage Capital Management's 13F filing for Q2 2014, filed 13 Aug 2014.