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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
+4.38%
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
$41.7M
AUM Growth
+$6.12M
(+17%)
Cap. Flow
-$16.8M
Cap. Flow
% of AUM
-40.26%
Top 10 Holdings %
Top 10 Hldgs %
89.93%
Holding
19
New
1
Increased
4
Reduced
2
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRY
Berry Corp
BRY
|
+$2.04M |
| 2 |
Sprott Physical Gold
PHYS
|
+$1.32M |
| 3 |
CNR
Core Natural Resources Inc
CNR
|
+$1.22M |
| 4 |
Crown Castle
CCI
|
+$553K |
| 5 |
Chord Energy
CHRD
|
+$407K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.21M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$483K |
| 3 |
Meta Platforms (Facebook)
META
|
+$426K |
| 4 |
Pinnacle Financial Partners Inc
PNFP
|
+$294K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 14.37% |
| 2 | Communication Services | 5.18% |
| 3 | Real Estate | 3.85% |
| 4 | Financials | 1.65% |
| 5 | Healthcare | 1.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Goldman Sachs Physical Gold ETF Shares
AAAU
$2.44B
| $3.6M | 8.64% |
184,254
| – | – |
|
|
2
Sprott Physical Gold
PHYS
$14.4B
| $3.11M | 7.45% |
201,000
+90,000
| +81% | +$1.32M |
|
|
BRY
3
DELISTED
Berry Corp
BRY
| $1.85M | 4.43% |
+235,600
| New | +$2.04M |
|
|
4
Crown Castle
CCI
$34.6B
| $1.61M | 3.85% |
12,000
+4,000
| +50% | +$553K |
|
|
5
Meta Platforms (Facebook)
META
$1.64T
| $1.59M | 3.81% |
7,500
-2,500
| -25% | -$426K |
|
|
CNR
6
Core Natural Resources Inc
CNR
$4.18B
| $1.51M | 3.61% |
25,866
+21,466
| +488% | +$1.22M |
|
|
7
Chord Energy
CHRD
$7.21B
| $1.48M | 3.55% |
11,000
+3,000
| +38% | +$407K |
|
8
VanEck Junior Gold Miners ETF
GDXJ
$6.66B
| $1.18M | 2.82% |
29,760
| – | – |
|
|
PDCE
9
DELISTED
PDC Energy, Inc.
PDCE
| $1.16M | 2.77% |
18,000
| – | – |
|
10
iShares Gold Trust
IAU
$62.4B
| $1.05M | 2.51% |
28,000
| – | – |
|
11
Intercontinental Exchange
ICE
$79B
| $688K | 1.65% |
6,600
| – | – |
|
|
12
Alphabet (Google) Class C
GOOG
$4.22T
| $572K | 1.37% |
5,500
-5,000
| -48% | -$483K |
|
13
Johnson & Johnson
JNJ
$609B
| $310K | 0.74% |
2,000
| – | – |
|
14
General Dynamics
GD
$99.7B
| $274K | 0.66% |
1,200
| – | – |
|
15
Matinas BioPharma
MTNB
$2.2M
| $156K | 0.37% |
6,637
| – | – |
|
|
16
Microsoft
MSFT
$2.93T
| – | – |
-5,061
| Closed | -$1.21M |
|
|
17
Pinnacle Financial Partners Inc
PNFP
$15.3B
| – | – |
-4,000
| Closed | -$294K |
|
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Courage Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Courage Capital Management held 19 positions worth $41.7M, up 17% from $35.6M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Courage Capital Management withdrew a net $16.8M in Q1 2023, closing 2 positions and reducing 2 holdings. Its most notable exit was Microsoft, an estimated $1.21M position sold in full.
By sector, the portfolio is most concentrated in Energy at 14% of assets, up from 7.1% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Courage Capital Management opened a new position in Berry Corp worth $1.85M.
- Courage Capital Management's largest Q1 2023 buy was Berry Corp: 235,600 shares worth $1.85M.
- Courage Capital Management added most to Sprott Physical Gold in Q1 2023, an estimated $1.32M increase.
- Courage Capital Management's biggest Q1 2023 reduction was Alphabet (Google) Class C, cutting an estimated $483K.
- Courage Capital Management fully exited Microsoft in Q1 2023, selling an estimated $1.21M.
- Courage Capital Management's ten largest holdings make up 90% of its $41.7M portfolio in Q1 2023.
- Courage Capital Management opened 1 new position and closed 2 in Q1 2023.
- Courage Capital Management's portfolio value rose 17% quarter-over-quarter to $41.7M.
Based on Courage Capital Management's 13F filing for Q1 2023, filed 15 May 2023.