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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
+4.36%
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
$179M
AUM Growth
-$30.5M
Cap. Flow
-$35.1M
Cap. Flow %
-19.63%
Top 10 Hldgs %
99.34%
Holding
18
New
3
Increased
2
Reduced
1
Closed
4

Top Buys

1
YHOO
Yahoo Inc
YHOO
+$6.46M
2
META icon
Meta Platforms (Facebook)
META
+$1.04M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$1.01M
4
ATRS
Antares Pharma, Inc.
ATRS
+$435K

Top Sells

1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$15.4M
2
VER
VEREIT, Inc.
VER
+$3.15M
3
ORCL icon
Oracle
ORCL
+$2.41M

Sector Composition

1 Energy 35.72%
2 Communication Services 2.47%
3 Consumer Discretionary 2.36%
4 Healthcare 0.26%
5 Consumer Staples 0.23%
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
$774B
$88M 49.18%
420,000
– –
YHOO
2
DELISTED
Yahoo Inc
YHOO
$63.9M 35.69%
1,700,000
+175,000
+11% +$6.46M
VER
3
DELISTED
VEREIT, Inc.
VER
$9.79M 5.47%
193,120
-66,880
-26% -$3.15M
BJRI icon
4
BJ's Restaurants
BJRI
$1.31B
$4.23M 2.36%
96,510
– –
GOOG icon
5
Alphabet (Google) Class C
GOOG
$4.32T
$3.39M 1.9%
98,040
+28,000
+40% +$1.01M
GLD icon
6
SPDR Gold Trust
GLD
$130B
$2.99M 1.67%
23,625
– –
NAT icon
7
PUT
Nordic American Tanker
NAT
$1.31B
$2.39M 1.34%
+173,578
New +$2.53M
GDXJ icon
8
VanEck Junior Gold Miners ETF
GDXJ
$6.63B
$1.56M 0.87%
56,400
– –
META icon
9
Meta Platforms (Facebook)
META
$1.69T
$1.03M 0.58%
+9,000
New +$1.04M
VCIT icon
10
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.7B
$501K 0.28%
5,600
– –
ATRS
11
DELISTED
Antares Pharma, Inc.
ATRS
$473K 0.26%
+450,000
New +$435K
WMT icon
12
Walmart Inc
WMT
$915B
$405K 0.23%
16,650
– –
SPY icon
13
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$250K 0.14%
1,194
– –
FES
14
DELISTED
Forbes Energy Services Ltd
FES
$54K 0.03%
293,059
– –
HYG icon
15
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
– –
-188,400
Closed -$15.4M
IWM icon
16
PUT
iShares Russell 2000 ETF
IWM
$82.2B
– –
-230,000
Closed -$25.4M
ORCL icon
17
Oracle
ORCL
$358B
– –
-59,000
Closed -$2.41M
GLBL
18
CALL
DELISTED
TerraForm Global, Inc. Class A Common Stock
GLBL
– –
-20,500
Closed -$177K

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RL
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HB
Hauser Brothers Freiburg Im Breisgau, Germany $71.4M AUM 101.05% 1-Year Est. Return
YEPX
Yorktown Energy Partners X New York $69.5M AUM 143.07% 1-Year Est. Return
DWRES
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AC
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PWS
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WG
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Courage Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Courage Capital Management held 18 positions worth $179M, down 15% from $209M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Courage Capital Management withdrew a net $35.1M in Q2 2016, closing 4 positions and reducing 1 holding. Its most notable exit was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $15.4M position sold in full.

By sector, the portfolio is most concentrated in Energy at 36% of assets, up from 27% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Courage Capital Management opened a new position in Meta Platforms (Facebook) worth $1.03M.

  • Courage Capital Management's largest Q2 2016 buy was Meta Platforms (Facebook): 9,000 shares worth $1.03M.
  • Courage Capital Management added most to Yahoo Inc in Q2 2016, an estimated $6.46M increase.
  • Courage Capital Management's biggest Q2 2016 reduction was VEREIT, Inc., cutting an estimated $3.15M.
  • Courage Capital Management fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2016, selling an estimated $15.4M.
  • Courage Capital Management's ten largest holdings make up 99% of its $179M portfolio in Q2 2016.
  • Courage Capital Management opened 3 new positions and closed 4 in Q2 2016.
  • Courage Capital Management's portfolio value fell 15% quarter-over-quarter to $179M.

Based on Courage Capital Management's 13F filing for Q2 2016, filed 12 Aug 2016.