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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
+1.62%
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
$140M
AUM Growth
-$9.68M
(-6.5%)
Cap. Flow
-$13.5M
Cap. Flow
% of AUM
-9.64%
Top 10 Holdings %
Top 10 Hldgs %
94.99%
Holding
31
New
11
Increased
4
Reduced
5
Closed
5
Top Buys
| 1 |
Acadia Healthcare
ACHC
|
+$9.7M |
| 2 |
Capri Holdings
CPRI
|
+$2.74M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.68M |
| 4 |
VER
VEREIT, Inc.
VER
|
+$2.61M |
| 5 |
QCLS
Q/C Technologies Inc
QCLS
|
+$718K |
Top Sells
| 1 |
iShares Russell 2000 ETF
IWM
|
+$17.8M |
| 2 |
AABA
Altaba Inc
AABA
|
+$13.9M |
| 3 |
SPDR Gold Trust
GLD
|
+$2.72M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$1.29M |
| 5 |
DBVT
DBV Technologies
DBVT
|
+$434K |
Sector Composition
| 1 | Technology | 60.05% |
| 2 | Healthcare | 9.87% |
| 3 | Communication Services | 7.5% |
| 4 | Consumer Discretionary | 3.59% |
| 5 | Energy | 0.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $83.8M | 59.95% |
1,200,000
-200,000
| -14% | -$13.9M |
|
|
VER
2
DELISTED
VEREIT, Inc.
VER
| $15.4M | 11% |
395,000
+65,000
| +20% | +$2.61M |
|
|
3
Acadia Healthcare
ACHC
$3.17B
| $9.14M | 6.53% |
+280,000
| New | +$9.7M |
|
4
Alphabet (Google) Class C
GOOG
$4.22T
| $8.89M | 6.36% |
170,000
| – | – |
|
5
PUT
Bausch Health
BHC
$1.8B
| $5.2M | 3.72% |
+250,000
| New | +$3.96M |
|
|
6
Capri Holdings
CPRI
$1.88B
| $3.15M | 2.25% |
+50,000
| New | +$2.74M |
|
7
NovoCure
NVCR
$1.84B
| $2.02M | 1.44% |
100,000
+25,000
| +33% | +$481K |
|
|
FRGI
8
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $1.88M | 1.34% |
98,724
-14,201
| -13% | -$255K |
|
9
CALL
PG&E
PCG
$38.1B
| $1.74M | 1.24% |
+40,900
| New | +$2.29M |
|
10
Meta Platforms (Facebook)
META
$1.64T
| $1.59M | 1.14% |
9,000
| – | – |
|
|
11
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $1.42M | 1.02% |
11,500
+10,306
| +863% | +$2.68M |
|
|
HSTO
12
DELISTED
Histogen Inc. Common Stock
HSTO
| $924K | 0.66% |
1,000
| – | – |
|
|
DBVT
13
DBV Technologies
DBVT
$870M
| $738K | 0.53% |
3,000
-1,500
| -33% | -$434K |
|
|
JONE
14
DELISTED
Jones Energy, Inc.
JONE
| $656K | 0.47% |
+1,250
| New | +$29.2K |
|
15
Walmart Inc
WMT
$909B
| $548K | 0.39% |
16,650
| – | – |
|
16
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.7B
| $489K | 0.35% |
5,600
| – | – |
|
17
iShares Gold Trust
IAU
$62.4B
| $419K | 0.3% |
+16,750
| New | +$411K |
|
|
18
SPDR Gold Trust
GLD
$130B
| $319K | 0.23% |
1,194
-22,431
| -95% | -$2.72M |
|
|
IMRN
19
Immuron
IMRN
$9.77M
| $293K | 0.21% |
55,297
+45,297
| +453% | +$239K |
|
20
Editas Medicine
EDIT
$457M
| $194K | 0.14% |
+6,300
| New | +$159K |
|
21
CRISPR Therapeutics
CRSP
$4.71B
| $190K | 0.14% |
+8,100
| New | +$154K |
|
22
Galectin Therapeutics
GALT
$275M
| $167K | 0.12% |
50,000
-80,000
| -62% | -$202K |
|
23
Intellia Therapeutics
NTLA
$1.59B
| $138K | 0.1% |
+7,200
| New | +$166K |
|
|
QCLS
24
Q/C Technologies Inc
QCLS
$27M
| $138K | 0.1% |
+1
| New | +$718K |
|
|
NEXTW
25
DELISTED
NextDecade Corporation Warrant
NEXTW
| $126K | 0.09% |
+15,200
| New | +$12.1K |
|
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Courage Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Courage Capital Management held 31 positions worth $140M, down 6.5% from $149M the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Courage Capital Management withdrew a net $13.5M in Q4 2017, closing 5 positions and reducing 5 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $17.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 60% of assets, down from 62% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Courage Capital Management opened a new position in Acadia Healthcare worth $9.14M.
- Courage Capital Management's largest Q4 2017 buy was Acadia Healthcare: 280,000 shares worth $9.14M.
- Courage Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2017, an estimated $2.68M increase.
- Courage Capital Management's biggest Q4 2017 reduction was Altaba Inc, cutting an estimated $13.9M.
- Courage Capital Management fully exited iShares Russell 2000 ETF in Q4 2017, selling an estimated $17.8M.
- Courage Capital Management's ten largest holdings make up 95% of its $140M portfolio in Q4 2017.
- Courage Capital Management opened 11 new positions and closed 5 in Q4 2017.
- Courage Capital Management's portfolio value fell 6.5% quarter-over-quarter to $140M.
Based on Courage Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.