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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
+7.11%
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
$89.5M
AUM Growth
+$35.2M
(+65%)
Cap. Flow
+$23.7M
Cap. Flow
% of AUM
26.45%
Top 10 Holdings %
Top 10 Hldgs %
70.03%
Holding
34
New
10
Increased
9
Reduced
2
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$3.78M |
| 2 |
Elevance Health
ELV
|
+$2.99M |
| 3 |
Viatris
VTRS
|
+$2.79M |
| 4 |
Centene
CNC
|
+$2.48M |
| 5 |
Evolent Health
EVH
|
+$2.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$5.1M |
| 2 |
HNGR
Hanger Inc.
HNGR
|
+$1.48M |
| 3 |
Universal Health Services
UHS
|
+$1.21M |
| 4 |
Pinnacle Financial Partners Inc
PNFP
|
+$210K |
| 5 |
IMRN
Immuron
IMRN
|
+$13.4K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 31.66% |
| 2 | Communication Services | 8.64% |
| 3 | Utilities | 7.2% |
| 4 | Real Estate | 6.14% |
| 5 | Technology | 2.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $12.4M | 13.84% |
+37,000
| New | +$12.3M |
|
|
2
Viatris
VTRS
$20.1B
| $8.53M | 9.52% |
575,000
+175,000
| +44% | +$2.79M |
|
3
Crown Castle
CCI
$32.7B
| $5.5M | 6.14% |
33,000
| – | – |
|
|
4
Evolent Health
EVH
$475M
| $4.96M | 5.54% |
400,000
+200,000
| +100% | +$2.35M |
|
|
5
Centene
CNC
$31.3B
| $4.67M | 5.21% |
80,000
+40,000
| +100% | +$2.48M |
|
|
6
Elevance Health
ELV
$81.9B
| $4.32M | 4.83% |
16,100
+11,100
| +222% | +$2.99M |
|
7
VanEck Gold Miners ETF
GDX
$23B
| $4.26M | 4.76% |
77,010
+13,234
| +21% | +$539K |
|
|
8
Verizon
VZ
$194B
| $3.87M | 4.32% |
+65,000
| New | +$3.78M |
|
9
VanEck Junior Gold Miners ETF
GDXJ
$7.06B
| $3.66M | 4.09% |
93,538
+16,074
| +21% | +$926K |
|
10
Edison International
EIX
$30.7B
| $3.61M | 4.03% |
71,049
+15,049
| +27% | +$801K |
|
11
SPDR Gold Trust
GLD
$131B
| $2.59M | 2.89% |
14,625
+1,740
| +14% | +$313K |
|
|
HNGR
12
DELISTED
Hanger Inc.
HNGR
| $1.95M | 2.18% |
123,214
-82,049
| -40% | -$1.48M |
|
|
NKLA
13
PUT
DELISTED
Nikola Corporation Common Stock
NKLA
| $1.84M | 2.06% |
+3,000
| New | +$3.49M |
|
14
Goldman Sachs Physical Gold ETF Shares
AAAU
$2.46B
| $1.79M | 2% |
95,154
+16,351
| +21% | +$312K |
|
15
Microsoft
MSFT
$2.84T
| $1.58M | 1.76% |
7,500
| – | – |
|
16
Meta Platforms (Facebook)
META
$1.51T
| $1.56M | 1.74% |
5,950
| – | – |
|
17
Acadia Healthcare
ACHC
$3.17B
| $1.33M | 1.48% |
45,000
| – | – |
|
18
Alphabet (Google) Class C
GOOG
$3.9T
| $1.32M | 1.48% |
18,000
| – | – |
|
19
FirstEnergy
FE
$28.9B
| $1.21M | 1.35% |
+42,000
| New | +$1.32M |
|
20
NovoCure
NVCR
$2.04B
| $1.11M | 1.24% |
10,000
| – | – |
|
21
Seagate
STX
$193B
| $1.08M | 1.21% |
+22,000
| New | +$1.03M |
|
22
iShares Gold Trust
IAU
$63B
| $1.01M | 1.12% |
28,000
| – | – |
|
23
Tencent Music
TME
$14.5B
| $988K | 1.1% |
+14,600
| New | +$228K |
|
|
IMRN
24
Immuron
IMRN
$8.96M
| $867K | 0.97% |
115,620
-1,481
| -1% | -$13.4K |
|
25
Duke Energy
DUK
$102B
| $824K | 0.92% |
+9,302
| New | +$767K |
|
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Courage Capital Management's Q3 2020 Portfolio in Review
As of Q3 2020, Courage Capital Management held 34 positions worth $89.5M, up 65% from $54.3M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Courage Capital Management deployed $23.7M of net new capital in Q3 2020, opening 10 new positions and adding to 9 existing holdings. Its largest new stake was Verizon: 65,000 shares worth $3.87M.
By sector, the portfolio is most concentrated in Healthcare at 32% of assets, down from 45% a quarter earlier, followed by Communication Services and Utilities.
On the sell side, the largest reduction was Hanger Inc., an estimated $1.48M trimmed.
- Courage Capital Management's largest Q3 2020 buy was Verizon: 65,000 shares worth $3.87M.
- Courage Capital Management added most to Elevance Health in Q3 2020, an estimated $2.99M increase.
- Courage Capital Management's biggest Q3 2020 reduction was Hanger Inc., cutting an estimated $1.48M.
- Courage Capital Management fully exited HCA Healthcare in Q3 2020, selling an estimated $5.1M.
- Courage Capital Management's ten largest holdings make up 70% of its $89.5M portfolio in Q3 2020.
- Courage Capital Management opened 10 new positions and closed 3 in Q3 2020.
- Courage Capital Management's portfolio value rose 65% quarter-over-quarter to $89.5M.
Based on Courage Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.