COURAGE CAPITAL MANAGEMENT LLC
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $1,448,240,192 | Pooled investment vehicles (99%) |
| Apr 2025 to Mar 2026 | $1,439,185,065 | Pooled investment vehicles (99%) |
| Apr 2024 to Mar 2025 | $1,139,416,262 | Pooled investment vehicles (98%) |
| May 2023 to Mar 2024 | $1,048,277,974 | Pooled investment vehicles (100%) |
| Apr 2023 | $1,048,277,974 | Pooled investment vehicles (100%) |
| Apr 2022 to Mar 2023 | $1,018,408,475 | Pooled investment vehicles (100%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 86.9%; sector active share 51.7% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
15 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 32.5% | $21,179,725 |
| Unclassified | 31.7% | $20,675,205 |
| Industrials | 14.4% | $9,386,235 |
| Communication Services | 11.7% | $7,624,830 |
| Consumer Cyclical | 4.9% | $3,216,188 |
| Healthcare | 4.2% | $2,763,017 |
| Technology | 0.4% | $292,460 |
Last Quarter's Activity
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Positions the filer increasedSold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BKLN |
Invesco Ltd.
Financial Services
|
Held | 648,000 | $13,199,760 | 20.26% | |
| CXW |
CoreCivic, Inc.
Industrials
|
Reduced | 308,961 | $9,386,235 | 14.41% | |
| PHYS |
Sprott Physical Gold Trust
Financial Services
|
Held | 264,500 | $7,979,965 | 12.25% | |
| AAAU |
Goldman Sachs Physical Gold ETF
|
Held | 184,254 | $7,290,930 | 11.19% | |
| FBTC |
Fidelity Wise Origin Bitcoin Fund
|
Reduced | 115,865 | $5,914,908 | 9.08% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Held | 7,171 | $5,355,087 | 8.22% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Held | 6,950 | $3,914,865 | 6.01% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Held | 10,500 | $3,709,965 | 5.70% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Held | 5,380 | $2,262,828 | 3.47% | |
| IAU |
Ishares Gold Trust
|
Held | 28,000 | $2,114,280 | 3.25% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Held | 4,300 | $1,787,209 | 2.74% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Held | 4,000 | $953,360 | 1.46% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Held | 2,000 | $507,940 | 0.78% | |
| HCA |
HCA Healthcare, Inc.
Healthcare
|
NEW | 1,200 | $467,868 | 0.72% | |
| TYL |
Tyler Technologies Inc
Technology
|
NEW | 1,000 | $292,460 | 0.45% |
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.