Courage Capital Management LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Courage Capital Management LLC disclosed 14 US equity positions worth $75.7m in its Q3 2025 13F filing. The largest position was FBTC at 21.9% of the reported book, followed by BKLN and CXW. Against the Q2 2025 filing, it opened 1 new position, added to 2 and reduced 0 among the top 14 holdings.
What did Courage Capital Management LLC own in Q3 2025? Top 14 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | FBTC Fidelity Wise Bitcoin Fund | 21.9% | $16.6m | 165,865 | 7% | added | |
| 2 | BKLN Invesco Senior Loan ETF | 17.9% | $13.6m | 648,000 | 0% | held | |
| 3 | CXW Core Civic Inc | Industrials | 12.7% | $9.6m | 473,961 | 0% | held |
| 4 | Sprott Physical Gold Trust | 10.4% | $7.8m | 264,500 | 0% | held | |
| 5 | AAAU Goldman Sachs Physical Gold | 9.3% | $7.0m | 184,254 | 0% | held | |
| 6 | META Meta Platforms Inc | Communication Services | 7.7% | $5.8m | 7,950 | 0% | held |
| 7 | SPY SPDR S&P 500 ETF | 6.0% | $4.5m | 6,821 | 0% | held | |
| 8 | GOOG Alphabet Inc Class C | Communication Services | 3.4% | $2.6m | 10,500 | 0% | held |
| 9 | IAU iShares Gold Trust | 2.7% | $2.0m | 28,000 | 0% | held | |
| 10 | Pinnacle Financial Partners | 2.7% | $2.0m | 21,565 | – | new | |
| 11 | UNH United Health Group Inc | Healthcare | 2.0% | $1.5m | 4,300 | 30% | added |
| 12 | TSLA Tesla Inc | Consumer Cyclical | 1.8% | $1.4m | 3,100 | 0% | held |
| 13 | SBUX Starbucks Corp | Consumer Cyclical | 1.1% | $829.0k | 9,800 | 0% | held |
| 14 | JNJ Johnson & Johnson Inc | Healthcare | 0.5% | $371.0k | 2,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.