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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
+9.38%
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
$167M
AUM Growth
+$30.4M
(+22%)
Cap. Flow
-$25.6M
Cap. Flow
% of AUM
-15.3%
Top 10 Holdings %
Top 10 Hldgs %
71.84%
Holding
50
New
10
Increased
5
Reduced
5
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VEI
Vine Energy Inc.
VEI
|
+$9.01M |
| 2 |
CMAX
CareMax, Inc. Class A Common Stock
CMAX
|
+$6.82M |
| 3 |
TLMD
SOC Telemed, Inc. Class A Common Stock
TLMD
|
+$6.65M |
| 4 |
OR Royalties Inc
OR
|
+$2.78M |
| 5 |
CANO
Cano Health, Inc.
CANO
|
+$2.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chord Energy
CHRD
|
+$17.5M |
| 2 |
EXE
Expand Energy Corp
EXE
|
+$15.2M |
| 3 |
Centene
CNC
|
+$6.39M |
| 4 |
Crown Castle
CCI
|
+$2.81M |
| 5 |
Edison International
EIX
|
+$1.76M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 26.14% |
| 2 | Energy | 7.35% |
| 3 | Communication Services | 6.87% |
| 4 | Real Estate | 3.44% |
| 5 | Technology | 3.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Chord Energy
CHRD
$6.99B
| $12.3M | 7.35% |
122,227
-212,815
| -64% | -$17.5M |
|
2
Evolent Health
EVH
$638M
| $10.6M | 6.31% |
500,000
+131,909
| +36% | +$2.64M |
|
|
VEI
3
DELISTED
Vine Energy Inc.
VEI
| $10.2M | 6.11% |
+655,229
| New | +$9.01M |
|
4
Viatris
VTRS
$20.2B
| $8.43M | 5.04% |
590,000
| – | – |
|
|
CMAX
5
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
| $6.65M | 3.97% |
+17,175
| New | +$6.82M |
|
6
Verizon
VZ
$183B
| $6.44M | 3.85% |
115,000
| – | – |
|
|
7
Crown Castle
CCI
$34.4B
| $5.75M | 3.44% |
29,500
-15,000
| -34% | -$2.81M |
|
|
TLMD
8
DELISTED
SOC Telemed, Inc. Class A Common Stock
TLMD
| $5.69M | 3.4% |
+1,000,000
| New | +$6.65M |
|
|
9
OR Royalties Inc
OR
$5.26B
| $4.88M | 2.92% |
356,525
+208,000
| +140% | +$2.78M |
|
10
Intercontinental Exchange
ICE
$80.2B
| $4.51M | 2.7% |
38,000
| – | – |
|
11
InnovAge Holding
INNV
$1.61B
| $4.41M | 2.64% |
207,000
| – | – |
|
12
Microsoft
MSFT
$2.98T
| $4.3M | 2.57% |
15,861
+8,361
| +111% | +$2.13M |
|
13
Goldman Sachs Physical Gold ETF Shares
AAAU
$2.44B
| $4.26M | 2.54% |
241,854
+146,700
| +154% | +$2.65M |
|
14
SPDR Gold Trust
GLD
$130B
| $2.42M | 1.45% |
14,625
| – | – |
|
|
CANO
15
DELISTED
Cano Health, Inc.
CANO
| $2.42M | 1.45% |
+2,000
| New | +$2.7M |
|
16
Alphabet (Google) Class C
GOOG
$4.32T
| $2.26M | 1.35% |
18,000
| – | – |
|
17
NovoCure
NVCR
$1.9B
| $2.22M | 1.33% |
10,000
| – | – |
|
18
Meta Platforms (Facebook)
META
$1.69T
| $2.07M | 1.24% |
5,950
| – | – |
|
19
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $1.58M | 0.95% |
3,700
| – | – |
|
20
VanEck Junior Gold Miners ETF
GDXJ
$6.63B
| $1.39M | 0.83% |
29,760
-21,580
| -42% | -$1.09M |
|
|
VMW
21
DELISTED
VMware, Inc
VMW
| $1.28M | 0.77% |
+8,000
| New | +$1.28M |
|
22
Matinas BioPharma
MTNB
$2.28M
| $1.16M | 0.69% |
+30,000
| New | +$1.29M |
|
23
VanEck Gold Miners ETF
GDX
$21.8B
| $1.11M | 0.67% |
32,779
| – | – |
|
24
iShares Gold Trust
IAU
$62.4B
| $944K | 0.56% |
28,000
| – | – |
|
25
Sprott Physical Gold
PHYS
$14.3B
| $856K | 0.51% |
+61,000
| New | +$878K |
|
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Courage Capital Management's Q2 2021 Portfolio in Review
As of Q2 2021, Courage Capital Management held 50 positions worth $167M, up 22% from $137M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Courage Capital Management withdrew a net $25.6M in Q2 2021, closing 11 positions and reducing 5 holdings. Its most notable exit was Expand Energy Corp, an estimated $15.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 26% of assets, up from 23% a quarter earlier, followed by Energy and Communication Services.
Against the trend, Courage Capital Management opened a new position in Vine Energy Inc. worth $10.2M.
- Courage Capital Management's largest Q2 2021 buy was Vine Energy Inc.: 655,229 shares worth $10.2M.
- Courage Capital Management added most to OR Royalties Inc in Q2 2021, an estimated $2.78M increase.
- Courage Capital Management's biggest Q2 2021 reduction was Chord Energy, cutting an estimated $17.5M.
- Courage Capital Management fully exited Expand Energy Corp in Q2 2021, selling an estimated $15.2M.
- Courage Capital Management's ten largest holdings make up 72% of its $167M portfolio in Q2 2021.
- Courage Capital Management opened 10 new positions and closed 11 in Q2 2021.
- Courage Capital Management's portfolio value rose 22% quarter-over-quarter to $167M.
Based on Courage Capital Management's 13F filing for Q2 2021, filed 13 Aug 2021.