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Courage Capital Management LLC: 13F holdings, Q2 2026

Hedge fund · SEC EDGAR filings (CIK 1119376) · Explore on the interactive board

Courage Capital Management LLC disclosed 16 US equity positions worth $67.3m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 11, 2026). Its largest position is BKLN at 19.6% of the reported book, followed by CXW, Sprott Physical Gold Trust. The top ten holdings are 90.9% of the book, and the portfolio behaves like about 9 equal-weight positions. Versus the prior filing it opened 2 new positions, added to 0, reduced 2 and exited 0. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.

This manager's most recent filing is 3934 quarter(s) behind the newest quarter on file. Treat these figures as history, not current positioning.
$67.3mreported US equity book
16positions
19.6%largest position
90.9%top 10 weight
9.23effective positions (1/HHI)
2quarters on file since Q1 2026

What does Courage Capital Management LLC own? Top holdings as of June 30, 2026

Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 2 new, 0 added, 2 reduced, 0 exited.

#StockSectorWeightValueSharesΔ sharesAction
1 BKLN Invesco Senior Loan ETF 19.6%$13.2m648,000 0% held
2 CXW Core Civic Inc Industrials 13.9%$9.4m308,961 -35% reduced
3 Sprott Physical Gold Trust 11.9%$8.0m264,500 0% held
4 AAAU Goldman Sachs Physical Gold 10.8%$7.3m184,254 0% held
5 FBTC Fidelity Wise Bitcoin Fund 8.8%$5.9m115,865 -32% reduced
6 SPY SPDR S&P 500 ETF 8.0%$5.4m7,171 0% held
7 META Meta Platforms Inc Communication Services 5.8%$3.9m6,950 0% held
8 GOOG Alphabet Inc Class C Communication Services 5.5%$3.7m10,500 0% held
9 TSLA Tesla Inc Consumer Cyclical 3.4%$2.3m5,380 0% held
10 Pinnacle Financial Partners 3.2%$2.2m21,565 0% held
11 IAU iShares Gold Trust 3.1%$2.1m28,000 0% held
12 UNH United Health Group Inc Healthcare 2.7%$1.8m4,300 0% held
13 AMZN Amazon Inc Consumer Cyclical 1.4%$953.0k4,000 0% held
14 JNJ Johnson & Johnson Inc Healthcare 0.8%$508.0k2,000 0% held
15 HCA HCA Healthcare Inc Healthcare 0.7%$468.0k1,200 new
16 TYL Tyler Technologies Inc Technology 0.4%$292.0k1,000 new

Sector mix

SectorWeight
Industrials13.9%
Communication Services11.3%
Consumer Cyclical4.8%
Healthcare4.1%
Technology0.4%

Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.

Filing history

QuarterPositionsEquity value
Q2 202616$67.3m
Q1 202614$70.6m

How concentrated is Courage Capital Management LLC's portfolio?

Across every quarter Courage Capital Management LLC has filed, its median largest position is 19.2% of the book and its median top-ten weight is 92.4%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%).