Courage Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Courage Capital Management LLC reported 12 stock positions worth $49.0 million. Its top holding was Invesco Senior Loan ETF (BKLN) at 27.4% of the portfolio, followed by Corecivic (CXW, 17.8%) and Sprott Physical Gold Trust (PHYS, 13.0%). Compared with Q4 2024, it added to 2 and reduced 1. The biggest buy was Alphabet Class C (GOOG, shares +91%) and the biggest sale Meta Platforms Class A (META, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- NASHVILLE, TN
- CIK
- 0001119376
- Portfolio Value
- $49.0M (Q1 2025)
- SEC Filing
- 0001119376-25-000005 ↗ filed May 14, 2025
Holdings Value
Holdings 12 stocks · $49.0M
| BKLN Invesco Senior Loan ETF | 27.39% | 648,000 | $13.4M | No change |
| CXW Corecivic Inc. | 17.75% | 428,491 | $8.7M | No change |
| PHYS Sprott Physical Gold Trust | 12.99% | 264,500 | $6.4M | No change |
| FBTC Fidelity Wise Origin Bitcoin | 11.95% | 81,321 | $5.9M | Add +16.4% |
| AAAU Goldman Sachs Physical Gold | 11.62% | 184,254 | $5.7M | No change |
| META Meta Platforms Inc. Class A | 5.24% | 4,450 | $2.6M | Reduce -40.7% |
| IAU iShares Gold Trust | 3.37% | 28,000 | $1.7M | No change |
| GOOG Alphabet Inc. Class C | 3.35% | 10,500 | $1.6M | Add +90.9% |
| CCI Crown Castle Inc. | 2.55% | 12,000 | $1.3M | No change |
| SBUX Starbucks Corp. | 1.96% | 9,800 | $961K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.14% | 1,000 | $559K | No change |
| JNJ Johnson & Johnson | 0.68% | 2,000 | $332K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| META Meta Platforms Inc. Class A | Reduce -40.7% | 5.24% | −3.82 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 16 | $67.3M | BKLN, CXW, PHYS, AAAU, FBTC |
| Q1 2026 | 14 | $70.6M | BKLN, FBTC, PHYS, CXW, AAAU |
| Q4 2025 | 13 | $72.4M | BKLN, FBTC, CXW, PHYS, AAAU |
| Q3 2025 | 14 | $75.7M | FBTC, BKLN, CXW, PHYS, AAAU |
| Q2 2025 | 13 | $67.8M | FBTC, BKLN, CXW, PHYS, AAAU |
| Q1 2025 | 12 | $49.0M | BKLN, CXW, PHYS, FBTC, AAAU |
| Q4 2024 | 12 | $48.5M | BKLN, CXW, FBTC, PHYS, AAAU |
| Q3 2024 | 11 | $40.4M | BKLN, PHYS, CXW, AAAU, META |
| Q2 2024 | 11 | $34.1M | BKLN, CXW, PHYS, AAAU, META |
| Q1 2024 | 11 | $29.7M | CXW, BKLN, PHYS, AAAU, META |