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CCM
Courage Capital Management Portfolio holdings
AUM
$67.3M
1-Year Est. Return
9.93%
This Fund
S&P 500
This Quarter
Est. Return
-5.08%
1 Year Est. Return
+9.93%
3 Year Est. Return
+86.55%
5 Year Est. Return
+93.16%
10 Year Est. Return
+8,077.67%
AUM
$184M
AUM Growth
+$79.3M
(+76%)
Cap. Flow
-$12.1M
Cap. Flow
% of AUM
-6.61%
Top 10 Holdings %
Top 10 Hldgs %
77.31%
Holding
36
New
6
Increased
6
Reduced
13
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$23.6M |
| 2 |
VER
VEREIT, Inc.
VER
|
+$7.19M |
| 3 |
BKS
Barnes & Noble
BKS
|
+$3.93M |
| 4 |
Apple
AAPL
|
+$2.12M |
| 5 |
Fossil Group
FOSL
|
+$872K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$17.8M |
| 2 |
Element Solutions
ESI
|
+$3.63M |
| 3 |
ASCMA
Ascent Capital Group, Inc. Series A
ASCMA
|
+$2.39M |
| 4 |
Qualcomm
QCOM
|
+$2.35M |
| 5 |
LTRPA
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
|
+$1.78M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 55.93% |
| 2 | Energy | 11.8% |
| 3 | Consumer Discretionary | 6.37% |
| 4 | Communication Services | 6.13% |
| 5 | Technology | 5.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$81.2B
| $40.6M | 22.11% |
+325,000
| New | +$40.6M |
|
|
YHOO
2
DELISTED
Yahoo Inc
YHOO
| $21.6M | 11.78% |
+550,000
| New | +$23.6M |
|
3
PUT
Invesco QQQ Trust
QQQ
$489B
| $21.4M | 11.67% |
200,000
+150,000
| +300% | +$16.3M |
|
|
4
CALL
Qualcomm
QCOM
$180B
| $16.1M | 8.77% |
257,100
+17,100
| +7% | +$1.17M |
|
5
PUT
Altisource Portfolio Solutions
ASPS
$64.5M
| $9.24M | 5.03% |
37,500
+20,887
| +126% | +$4.39M |
|
|
VER
6
DELISTED
VEREIT, Inc.
VER
| $6.91M | 3.77% |
170,000
+159,400
| +1,504% | +$7.19M |
|
|
ECHO
7
EchoStar
ECHO
$26.1B
| $4.47M | 2.44% |
113,390
| – | – |
|
|
BKS
8
DELISTED
Barnes & Noble
BKS
| $4.28M | 2.33% |
+251,790
| New | +$3.93M |
|
9
Markel Group
MKL
$22.6B
| $4.1M | 2.24% |
5,123
-2,121
| -29% | -$1.65M |
|
|
SNI
10
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $3.6M | 1.96% |
55,124
-16,742
| -23% | -$1.14M |
|
|
11
Element Solutions
ESI
$8.78B
| $3.6M | 1.96% |
140,726
-134,459
| -49% | -$3.63M |
|
|
12
Qualcomm
QCOM
$180B
| $3.44M | 1.87% |
63,790
-34,501
| -35% | -$2.35M |
|
13
eBay
EBAY
$46B
| $3.19M | 1.74% |
125,928
| – | – |
|
14
Hershey
HSY
$34.8B
| $3.18M | 1.73% |
35,783
-12,747
| -26% | -$1.2M |
|
15
Alphabet (Google) Class C
GOOG
$4.1T
| $3.17M | 1.73% |
119,900
-149
| -0.1% | -$3.99K |
|
|
ASCMA
16
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $3.16M | 1.72% |
73,914
-59,047
| -44% | -$2.39M |
|
17
Enovis
ENOV
$1.07B
| $2.56M | 1.39% |
32,222
-11,584
| -26% | -$981K |
|
|
18
Apple
AAPL
$4.67T
| $2.53M | 1.38% |
80,692
+66,240
| +458% | +$2.12M |
|
19
Oracle
ORCL
$457B
| $2.38M | 1.3% |
59,000
| – | – |
|
|
LVNTA
20
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $2.17M | 1.18% |
55,336
-6,575
| -11% | -$276K |
|
|
21
Fossil Group
FOSL
$305M
| $1.74M | 0.95% |
25,072
+11,220
| +81% | +$872K |
|
22
SPDR Gold Trust
GLD
$149B
| $1.67M | 0.91% |
14,875
| – | – |
|
|
JAH
23
DELISTED
JARDEN CORPORATION
JAH
| $1.43M | 0.78% |
27,712
-21,631
| -44% | -$1.14M |
|
24
Graco
GGG
$12.6B
| $1.06M | 0.58% |
44,778
-9,363
| -17% | -$226K |
|
|
LTRPA
25
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $1.01M | 0.55% |
31,345
-58,741
| -65% | -$1.78M |
|
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Courage Capital Management's Q2 2015 Portfolio in Review
As of Q2 2015, Courage Capital Management held 36 positions worth $184M, up 76% from $104M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Courage Capital Management withdrew a net $12.1M in Q2 2015, closing 5 positions and reducing 13 holdings. Its most notable exit was Onity Group, an estimated $1.4M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 56% of assets, up from 38% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Courage Capital Management opened a new position in Yahoo Inc worth $21.6M.
- Courage Capital Management's largest Q2 2015 buy was Yahoo Inc: 550,000 shares worth $21.6M.
- Courage Capital Management added most to VEREIT, Inc. in Q2 2015, an estimated $7.19M increase.
- Courage Capital Management's biggest Q2 2015 reduction was Walmart Inc, cutting an estimated $17.8M.
- Courage Capital Management fully exited Onity Group in Q2 2015, selling an estimated $1.4M.
- Courage Capital Management's ten largest holdings make up 77% of its $184M portfolio in Q2 2015.
- Courage Capital Management opened 6 new positions and closed 5 in Q2 2015.
- Courage Capital Management's portfolio value rose 76% quarter-over-quarter to $184M.
Based on Courage Capital Management's 13F filing for Q2 2015, filed 13 Aug 2015.