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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
-5.21%
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
$162M
AUM Growth
-$97.8M
Cap. Flow
-$95.9M
Cap. Flow %
-59.34%
Top 10 Hldgs %
96.98%
Holding
20
New
3
Increased
2
Reduced
3
Closed
2

Top Buys

Rank Stock Value
1
VER
VEREIT, Inc.
VER
+$6.36M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$2.49M

Top Sells

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$23.6M
2
ATRS
Antares Pharma, Inc.
ATRS
+$1.57M
3
FRGI
Fiesta Restaurant Group, Inc.
FRGI
+$545K
4
FES
Forbes Energy Services Ltd
FES
+$42K

Sector Composition

Rank Sector Weight
1 Energy 29.32%
2 Consumer Discretionary 7.19%
3 Communication Services 4.51%
4 Healthcare 2.83%
5 Consumer Staples 0.24%
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
$48.6M 30.09%
217,500
-480,000
-69% -$105M
YHOO
2
DELISTED
Yahoo Inc
YHOO
$47.4M 29.32%
1,225,000
-575,000
-32% -$23.6M
IWM icon
3
PUT
iShares Russell 2000 ETF
IWM
$82.2B
$21.6M 13.36%
+160,000
New +$20.4M
VER
4
DELISTED
VEREIT, Inc.
VER
$9.31M 5.76%
220,000
+143,700
+188% +$6.36M
FRGI
5
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
$8.37M 5.18%
280,400
-19,600
-7% -$545K
GOOG icon
6
Alphabet (Google) Class C
GOOG
$4.22T
$6.25M 3.87%
161,860
+63,820
+65% +$2.49M
DB icon
7
PUT
Deutsche Bank
DB
$67.3B
$5.43M 3.36%
+336,000
New +$4.73M
NVCR icon
8
NovoCure
NVCR
$1.84B
$3.92M 2.43%
500,000
– –
BJRI icon
9
BJ's Restaurants
BJRI
$1.42B
$3.24M 2%
82,415
– –
GLD icon
10
SPDR Gold Trust
GLD
$130B
$2.59M 1.6%
23,625
– –
GDX icon
11
VanEck Gold Miners ETF
GDX
$21.8B
$1.18M 0.73%
56,400
– –
META icon
12
Meta Platforms (Facebook)
META
$1.64T
$1.03M 0.64%
9,000
– –
WLB
13
PUT
DELISTED
Westmoreland Coal Company
WLB
$884K 0.55%
+50,000
New +$698K
HSTO
14
DELISTED
Histogen Inc. Common Stock
HSTO
$527K 0.33%
500
– –
VCIT icon
15
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.7B
$480K 0.3%
5,600
– –
WMT icon
16
Walmart Inc
WMT
$909B
$384K 0.24%
16,650
– –
SPY icon
17
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$267K 0.17%
1,194
– –
GALT icon
18
Galectin Therapeutics
GALT
$275M
$127K 0.08%
130,000
– –
ATRS
19
DELISTED
Antares Pharma, Inc.
ATRS
– –
-934,462
Closed -$1.57M
FES
20
DELISTED
Forbes Energy Services Ltd
FES
– –
-293,059
Closed -$42K

Similar funds

FCI
Financial Counselors Inc Overland Park, Kansas $70.9M AUM 16.78% 1-Year Est. Return
RL
Retireful LLC Haslett, Michigan $71M AUM 74.56% 1-Year Est. Return
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
Divco West Real Estate Services San Francisco, California $71.9M AUM 21.93% 1-Year Est. Return
AC
Axon Capital New York $69.3M AUM
PWS
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WG
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Courage Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Courage Capital Management held 20 positions worth $162M, down 38% from $259M the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Courage Capital Management withdrew a net $95.9M in Q4 2016, closing 2 positions and reducing 3 holdings. Its most notable exit was Antares Pharma, Inc., an estimated $1.57M position sold in full.

By sector, the portfolio is most concentrated in Energy at 29% of assets, down from 30% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Courage Capital Management added an estimated $6.36M to VEREIT, Inc..

  • Courage Capital Management added most to VEREIT, Inc. in Q4 2016, an estimated $6.36M increase.
  • Courage Capital Management's biggest Q4 2016 reduction was Yahoo Inc, cutting an estimated $23.6M.
  • Courage Capital Management fully exited Antares Pharma, Inc. in Q4 2016, selling an estimated $1.57M.
  • Courage Capital Management's ten largest holdings make up 97% of its $162M portfolio in Q4 2016.
  • Courage Capital Management opened 3 new positions and closed 2 in Q4 2016.
  • Courage Capital Management's portfolio value fell 38% quarter-over-quarter to $162M.

Based on Courage Capital Management's 13F filing for Q4 2016, filed 10 Feb 2017.