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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
+2.76%
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
$58.9M
AUM Growth
-$57.6M
(-49%)
Cap. Flow
-$58.9M
Cap. Flow
% of AUM
-99.97%
Top 10 Holdings %
Top 10 Hldgs %
97.7%
Holding
17
New
3
Increased
1
Reduced
1
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$3.61M |
| 2 |
Elevance Health
ELV
|
+$2.05M |
| 3 |
Amazon
AMZN
|
+$1.86M |
| 4 |
HNGR
Hanger Inc.
HNGR
|
+$631K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$51.9M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$7.04M |
| 3 |
Acadia Healthcare
ACHC
|
+$5.86M |
| 4 |
Meta Platforms (Facebook)
META
|
+$2.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 52.64% |
| 2 | Consumer Discretionary | 8.07% |
| 3 | Communication Services | 4.1% |
| 4 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HNGR
1
DELISTED
Hanger Inc.
HNGR
| $23.4M | 39.77% |
1,223,364
+32,613
| +3% | +$631K |
|
|
VER
2
DELISTED
VEREIT, Inc.
VER
| $17.8M | 30.21% |
395,000
| – | – |
|
|
3
UnitedHealth
UNH
$387B
| $3.66M | 6.21% |
+15,000
| New | +$3.61M |
|
4
Capri Holdings
CPRI
$1.88B
| $2.86M | 4.86% |
82,500
| – | – |
|
|
5
Meta Platforms (Facebook)
META
$1.64T
| $2.41M | 4.1% |
12,500
-12,300
| -50% | -$2.25M |
|
|
6
Elevance Health
ELV
$80.9B
| $2.12M | 3.59% |
+7,500
| New | +$2.05M |
|
|
7
Amazon
AMZN
$2.66T
| $1.89M | 3.22% |
+20,000
| New | +$1.86M |
|
8
iShares Gold Trust
IAU
$62.4B
| $1.51M | 2.57% |
56,000
| – | – |
|
9
NovoCure
NVCR
$1.84B
| $1.26M | 2.15% |
20,000
| – | – |
|
10
SPDR Gold Trust
GLD
$130B
| $599K | 1.02% |
4,500
| – | – |
|
11
State Street Financial Select Sector SPDR ETF
XLF
$54.8B
| $469K | 0.8% |
17,000
| – | – |
|
12
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $350K | 0.59% |
1,194
| – | – |
|
|
IMRN
13
Immuron
IMRN
$9.77M
| $342K | 0.58% |
107,101
| – | – |
|
14
Q32 Bio
QTTB
$255M
| $196K | 0.33% |
556
| – | – |
|
|
15
Acadia Healthcare
ACHC
$3.17B
| – | – |
-200,000
| Closed | -$5.86M |
|
|
16
Alphabet (Google) Class C
GOOG
$4.22T
| – | – |
-120,000
| Closed | -$7.04M |
|
|
AABA
17
DELISTED
Altaba Inc
AABA
| – | – |
-700,000
| Closed | -$51.9M |
|
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Courage Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Courage Capital Management held 17 positions worth $58.9M, down 49% from $116M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Courage Capital Management withdrew a net $58.9M in Q2 2019, closing 3 positions and reducing 1 holding. Its most notable exit was Altaba Inc, an estimated $51.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 53% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Courage Capital Management opened a new position in UnitedHealth worth $3.66M.
- Courage Capital Management's largest Q2 2019 buy was UnitedHealth: 15,000 shares worth $3.66M.
- Courage Capital Management added most to Hanger Inc. in Q2 2019, an estimated $631K increase.
- Courage Capital Management's biggest Q2 2019 reduction was Meta Platforms (Facebook), cutting an estimated $2.25M.
- Courage Capital Management fully exited Altaba Inc in Q2 2019, selling an estimated $51.9M.
- Courage Capital Management's ten largest holdings make up 98% of its $58.9M portfolio in Q2 2019.
- Courage Capital Management opened 3 new positions and closed 3 in Q2 2019.
- Courage Capital Management's portfolio value fell 49% quarter-over-quarter to $58.9M.
Based on Courage Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.