Courage Capital Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Courage Capital Management LLC reported 12 stock positions worth $48.5 million. Its top holding was Invesco Senior Loan ETF (BKLN) at 28.2% of the portfolio, followed by Corecivic (CXW, 19.2%) and Fidelity Wise Origin Bitcoin (FBTC, 11.8%). Compared with Q3 2024, it opened 2 new positions, sold out of 1 and added to 2. The biggest buy was Corecivic (CXW, shares +9%) and the biggest sale an exit from General Dynamics (GD).

Most Recent 13F
Q2 2026
Location
NASHVILLE, TN
CIK
0001119376
Portfolio Value
$48.5M (Q4 2024)
SEC Filing
0001119376-25-000003 ↗ filed Feb 14, 2025

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q1 2024: $29.7M Q1 2024 Q2 2024: $34.1M Q2 2024 Q3 2024: $40.4M Q3 2024 Q4 2024: $48.5M $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 12 stocks · $48.5M
BKLN Invesco Senior Loan ETF 28.18% 648,000 $13.7M No change
CXW Corecivic Inc. 19.22% 428,491 $9.3M Add +8.9%
FBTC Fidelity Wise Origin Bitcoin 11.76% 69,871 $5.7M Add +35.2%
PHYS Sprott Physical Gold Trust 10.99% 264,500 $5.3M No change
AAAU Goldman Sachs Physical Gold 9.86% 184,254 $4.8M No change
META Meta Platforms Inc. Class A 9.06% 7,500 $4.4M No change
IAU iShares Gold Trust 2.86% 28,000 $1.4M No change
CCI Crown Castle Inc. 2.25% 12,000 $1.1M No change
GOOG Alphabet Inc. Class C 2.16% 5,500 $1.0M No change
SBUX Starbucks Corp. 1.84% 9,800 $894K New
SPY SS SPDR S&P 500 ETF Trust-US 1.21% 1,000 $586K New
JNJ Johnson & Johnson 0.60% 2,000 $289K No change

Portfolio Sells Q3 2024 → Q4 2024
GD General Dynamics Corp. Sold out 0.00% −0.90

Portfolio Buys Q3 2024 → Q4 2024
CXW Corecivic Inc. Add +8.9% 19.22% +6.89
FBTC Fidelity Wise Origin Bitcoin Add +35.2% 11.76% +4.66
SBUX Starbucks Corp. New 1.84% +1.84
SPY SS SPDR S&P 500 ETF Trust-US New 1.21% +1.21

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