Courage Capital Management LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 15, 2024), Courage Capital Management LLC reported 11 stock positions worth $34.1 million. Its top holding was Invesco Senior Loan ETF (BKLN) at 27.6% of the portfolio, followed by Corecivic (CXW, 15.0%) and Sprott Physical Gold Trust (PHYS, 14.0%). Compared with Q1 2024, it added to 3 and reduced 1. The biggest buy was Invesco Senior Loan ETF (BKLN, shares +88%) and the biggest sale Meta Platforms Class A (META, shares −6%).

Most Recent 13F
Q2 2026
Location
NASHVILLE, TN
CIK
0001119376
Portfolio Value
$34.1M (Q2 2024)
SEC Filing
0001567619-24-000367 ↗ filed Aug 15, 2024

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q1 2024: $29.7M Q1 2024 Q2 2024: $34.1M $34.1M Q2 2024 Q3 2024: $40.4M Q3 2024 Q4 2024: $48.5M Q4 2024 Q1 2025: $49.0M Q1 2025 Q2 2025: $67.8M Q2 2025 Q3 2025: $75.7M Q3 2025 Q4 2025: $72.4M Q4 2025 Q1 2026: $70.6M Q1 2026 Q2 2026: $67.3M Q2 2026

Holdings 11 stocks · $34.1M
BKLN Invesco Senior Loan ETF 27.65% 448,000 $9.4M Add +88.2%
CXW Corecivic Inc. 14.98% 393,491 $5.1M Add +15.4%
PHYS Sprott Physical Gold Trust 14.01% 264,500 $4.8M No change
AAAU Goldman Sachs Physical Gold 12.43% 184,254 $4.2M No change
META Meta Platforms Inc. Class A 11.09% 7,500 $3.8M Reduce -6.3%
FBTC Fidelity Wise Origin Bitcoin 7.95% 51,671 $2.7M Add +10.7%
IAU iShares Gold Trust 3.61% 28,000 $1.2M No change
CCI Crown Castle Inc. 3.44% 12,000 $1.2M No change
GOOG Alphabet Inc. Class C 2.96% 5,500 $1.0M No change
GD General Dynamics Corp. 1.02% 1,200 $348K No change
JNJ Johnson & Johnson 0.86% 2,000 $292K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $5.5M (not counted above)
SecurityClassShares / PrincipalValueChange
COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26) NOTE 1.500% 4/1 · principal 7,500,000$5.5MNo change

Total filed on the 13F, all lines: $39.6M.

Portfolio Sells Q1 2024 → Q2 2024
META Meta Platforms Inc. Class A Reduce -6.3% 11.09% −1.99

Portfolio Buys Q1 2024 → Q2 2024
BKLN Invesco Senior Loan ETF Add +88.2% 27.65% +10.70
FBTC Fidelity Wise Origin Bitcoin Add +10.7% 7.95% −1.80
CXW Corecivic Inc. Add +15.4% 14.98% −2.94

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 16$67.3MBKLN, CXW, PHYS, AAAU, FBTC
Q1 2026 14$70.6MBKLN, FBTC, PHYS, CXW, AAAU
Q4 2025 13$72.4MBKLN, FBTC, CXW, PHYS, AAAU
Q3 2025 14$75.7MFBTC, BKLN, CXW, PHYS, AAAU
Q2 2025 13$67.8MFBTC, BKLN, CXW, PHYS, AAAU
Q1 2025 12$49.0MBKLN, CXW, PHYS, FBTC, AAAU
Q4 2024 12$48.5MBKLN, CXW, FBTC, PHYS, AAAU
Q3 2024 11$40.4MBKLN, PHYS, CXW, AAAU, META
Q2 2024 11$34.1MBKLN, CXW, PHYS, AAAU, META
Q1 2024 11$29.7MCXW, BKLN, PHYS, AAAU, META