COURAGE CAPITAL MANAGEMENT LLC

CIK

1119376

Location

NASHVILLE, TN

Portfolio Value

Micro $52,527,217

Diversification

Diversified

Filing Date

Global Rank

#6,792 / 8,623 ▲ 80 · as of Mar 2026

Top Industry

Asset Management 35.0%

3Y Alpha vs SPY

+1.3%

Period ended 4 months ago

Filed May 14, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+71.6%

SPY

+65.3%

Annualised alpha

+1.5%

Max drawdown

−14.7%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

11 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

19.2%

−5.2 pts

Top 5

79.2%

−1.9 pts

Top 10

99.1%

−0.9 pts

HHI

1,422

Diversified−126

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	49.0%	$25,728,920	4
Financial Services	17.8%	$9,373,880	1
Industrials	17.1%	$8,962,602	1
Communication Services	7.6%	$3,976,303	1
Consumer Cyclical	5.4%	$2,833,095	2
Healthcare	3.1%	$1,652,417	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
TSLA	Tesla, Inc.	+2,280	5,380	$2,000,015
SPY	Spdr S&P 500 ETF Trust	+350	7,171	$4,663,588
No positions match the current search.

Trimmed

Positions the filer reduced

No qualifying positions this quarter.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
AMZN	Amazon Com Inc	4,000	$833,080
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

11 tracked positions · $52,527,217 total · filing declares 14 positions · $70,624 · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
FBTC	Fidelity Wise Origin Bitcoin Fund	Held	170,865	0	$10,086,160	−22.6%	19.20%
PHYS	Sprott Physical Gold Trust Financial Services	Held	264,500	0	$9,373,880	+7.3%	17.85%
CXW	CoreCivic, Inc. Industrials	Held	473,961	0	$8,962,602	−1.0%	17.06%
AAAU	Goldman Sachs Physical Gold ETF	Held	184,254	0	$8,510,692	+8.6%	16.20%
SPY	Spdr S&P 500 ETF Trust	Added	7,171	+350	$4,663,588	+0.3%	8.88%
META	Meta Platforms, Inc. Communication Services	Held	6,950	0	$3,976,303	−13.3%	7.57%
IAU	Ishares Gold Trust	Held	28,000	0	$2,468,480	+8.6%	4.70%
TSLA	Tesla, Inc. Consumer Cyclical	Added	5,380	+2,280	$2,000,015	+43.5%	3.81%
UNH	Unitedhealth Group Inc Healthcare	Held	4,300	0	$1,163,537	−18.0%	2.22%
AMZN	Amazon Com Inc Consumer Cyclical	NEW	4,000	NEW	$833,080	NEW	1.59%
JNJ	Johnson & Johnson Healthcare	Held	2,000	0	$488,880	+18.1%	0.93%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.