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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
+18.61%
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
$116M
AUM Growth
-$11.8M
Cap. Flow
-$30.5M
Cap. Flow %
-26.19%
Top 10 Hldgs %
98.63%
Holding
17
New
–
Increased
–
Reduced
3
Closed
3

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
HNGR
Hanger Inc.
HNGR
+$19.9M
2
MIK
Michaels Stores, Inc
MIK
+$5.27M
3
ACHC icon
Acadia Healthcare
ACHC
+$2.27M
4
NVCR icon
NovoCure
NVCR
+$963K
5
HSTO
Histogen Inc. Common Stock
HSTO
+$130K

Sector Composition

Rank Sector Weight
1 Technology 44.54%
2 Healthcare 26.11%
3 Communication Services 9.59%
4 Consumer Discretionary 3.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
1
DELISTED
Altaba Inc
AABA
$51.9M 44.54%
700,000
– –
HNGR
2
DELISTED
Hanger Inc.
HNGR
$22.7M 19.47%
1,190,751
-1,003,518
-46% -$19.9M
VER
3
DELISTED
VEREIT, Inc.
VER
$16.5M 14.19%
395,000
– –
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.22T
$7.04M 6.04%
120,000
– –
ACHC icon
5
Acadia Healthcare
ACHC
$3.17B
$5.86M 5.03%
200,000
-80,000
-29% -$2.27M
META icon
6
Meta Platforms (Facebook)
META
$1.64T
$4.13M 3.55%
24,800
– –
CPRI icon
7
Capri Holdings
CPRI
$1.88B
$3.77M 3.24%
82,500
– –
IAU icon
8
iShares Gold Trust
IAU
$62.4B
$1.39M 1.19%
56,000
– –
NVCR icon
9
NovoCure
NVCR
$1.84B
$963K 0.83%
20,000
-20,000
-50% -$963K
IMRN
10
Immuron
IMRN
$9.77M
$634K 0.54%
107,101
– –
GLD icon
11
SPDR Gold Trust
GLD
$130B
$549K 0.47%
4,500
– –
XLF icon
12
State Street Financial Select Sector SPDR ETF
XLF
$54.8B
$437K 0.38%
17,000
– –
SPY icon
13
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$337K 0.29%
1,194
– –
QTTB icon
14
Q32 Bio
QTTB
$255M
$277K 0.24%
556
– –
UI icon
15
PUT
Ubiquiti
UI
$33B
– –
-20,000
Closed -$1.99M
HSTO
16
DELISTED
Histogen Inc. Common Stock
HSTO
– –
-375
Closed -$130K
MIK
17
DELISTED
Michaels Stores, Inc
MIK
– –
-389,379
Closed -$5.27M

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Courage Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Courage Capital Management held 17 positions worth $116M, down 9.2% from $128M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Courage Capital Management withdrew a net $30.5M in Q1 2019, closing 3 positions and reducing 3 holdings. Its most notable exit was Michaels Stores, Inc, an estimated $5.27M position sold in full.

By sector, the portfolio is most concentrated in Technology at 45% of assets, up from 32% a quarter earlier, followed by Healthcare and Communication Services.

  • Courage Capital Management's biggest Q1 2019 reduction was Hanger Inc., cutting an estimated $19.9M.
  • Courage Capital Management fully exited Michaels Stores, Inc in Q1 2019, selling an estimated $5.27M.
  • Courage Capital Management's ten largest holdings make up 99% of its $116M portfolio in Q1 2019.
  • Courage Capital Management opened 0 new positions and closed 3 in Q1 2019.
  • Courage Capital Management's portfolio value fell 9.2% quarter-over-quarter to $116M.

Based on Courage Capital Management's 13F filing for Q1 2019, filed 14 May 2019.