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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
+8.98%
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
$209M
AUM Growth
+$9.04M
Cap. Flow
+$31M
Cap. Flow %
14.82%
Top 10 Hldgs %
99.2%
Holding
22
New
3
Increased
3
Reduced
1
Closed
6

Top Buys

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$18.8M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$15M
3
BJRI icon
BJ's Restaurants
BJRI
+$4.12M
4
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$1.32M
5
GLD icon
SPDR Gold Trust
GLD
+$992K

Top Sells

Rank Stock Value
1
ECHO
EchoStar
ECHO
+$4.15M
2
DKS icon
Dick's Sporting Goods
DKS
+$1.98M
3
QCOM icon
Qualcomm
QCOM
+$1.74M
4
HP icon
Helmerich & Payne
HP
+$1.27M

Sector Composition

Rank Sector Weight
1 Miscellaneous 63.13%
2 Energy 26.87%
3 Real Estate 5.51%
4 Consumer Discretionary 1.92%
5 Communication Services 1.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$815B
$86.3M 41.21%
420,000
+20,000
+5% +$3.9M
YHOO
2
DELISTED
Yahoo Inc
YHOO
$56.1M 26.8%
1,525,000
+600,000
+65% +$18.8M
IWM icon
3
PUT
iShares Russell 2000 ETF
IWM
$81.2B
$25.4M 12.15%
230,000
– –
HYG icon
4
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$15.4M 7.35%
+188,400
New +$15M
VER
5
DELISTED
VEREIT, Inc.
VER
$11.5M 5.51%
260,000
– –
BJRI icon
6
BJ's Restaurants
BJRI
$1.27B
$4.01M 1.92%
+96,510
New +$4.12M
GLD icon
7
SPDR Gold Trust
GLD
$149B
$2.78M 1.33%
23,625
+8,750
+59% +$992K
GOOG icon
8
Alphabet (Google) Class C
GOOG
$4.1T
$2.61M 1.25%
70,040
– –
ORCL icon
9
Oracle
ORCL
$457B
$2.41M 1.15%
59,000
– –
GDXJ icon
10
VanEck Junior Gold Miners ETF
GDXJ
$9.72B
$1.13M 0.54%
+56,400
New +$1.32M
VCIT icon
11
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.1B
$487K 0.23%
5,600
– –
WMT icon
12
Walmart Inc
WMT
$850B
$380K 0.18%
16,650
– –
SPY icon
13
State Street SPDR S&P 500 ETF Trust
SPY
$815B
$245K 0.12%
1,194
– –
GLBL
14
CALL
DELISTED
TerraForm Global, Inc. Class A Common Stock
GLBL
$177K 0.08%
20,500
-58,500
-74% -$203K
FES
15
DELISTED
Forbes Energy Services Ltd
FES
$138K 0.07%
293,059
– –
DKS icon
16
Dick's Sporting Goods
DKS
$12.4B
– –
-56,000
Closed -$1.98M
HP icon
17
Helmerich & Payne
HP
$4.43B
– –
-23,769
Closed -$1.27M
QCOM icon
18
Qualcomm
QCOM
$180B
– –
-34,900
Closed -$1.74M
QQQ icon
19
PUT
Invesco QQQ Trust
QQQ
$489B
– –
-150,000
Closed -$16.8M
ECHO
20
EchoStar
ECHO
$26.1B
– –
-130,990
Closed -$4.15M
TPR icon
21
CALL
Tapestry
TPR
$24.4B
– –
-150,000
Closed -$4.91M

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PCA
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2P
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TCM
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BI
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CSMC
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EPCM
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Courage Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Courage Capital Management held 22 positions worth $209M, up 4.5% from $200M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Courage Capital Management deployed $31M of net new capital in Q1 2016, opening 3 new positions and adding to 3 existing holdings. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 188,400 shares worth $15.4M.

By sector, the portfolio is most concentrated in Miscellaneous at 63% of assets, down from 72% a quarter earlier, followed by Energy and Real Estate.

On the sell side, the most notable exit was EchoStar, an estimated $4.15M sold.

  • Courage Capital Management's largest Q1 2016 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 188,400 shares worth $15.4M.
  • Courage Capital Management added most to Yahoo Inc in Q1 2016, an estimated $18.8M increase.
  • Courage Capital Management fully exited EchoStar in Q1 2016, selling an estimated $4.15M.
  • Courage Capital Management's ten largest holdings make up 99% of its $209M portfolio in Q1 2016.
  • Courage Capital Management opened 3 new positions and closed 6 in Q1 2016.
  • Courage Capital Management's portfolio value rose 4.5% quarter-over-quarter to $209M.

Based on Courage Capital Management's 13F filing for Q1 2016, filed 13 May 2016.