Courage Capital Management LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Courage Capital Management LLC disclosed 13 US equity positions worth $72.4m in its Q4 2025 13F filing. The largest position was BKLN at 18.8% of the reported book, followed by FBTC and CXW. Against the Q3 2025 filing, it opened 0 new positions, added to 1 and reduced 1 among the top 13 holdings.
What did Courage Capital Management LLC own in Q4 2025? Top 13 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BKLN Invesco Senior Loan ETF | 18.8% | $13.6m | 648,000 | 0% | held | |
| 2 | FBTC Fidelity Wise Bitcoin Fund | 18.0% | $13.0m | 170,865 | 3% | added | |
| 3 | CXW Core Civic Inc | Industrials | 12.5% | $9.1m | 473,961 | 0% | held |
| 4 | Sprott Physical Gold Trust | 12.1% | $8.7m | 264,500 | 0% | held | |
| 5 | AAAU Goldman Sachs Physical Gold | 10.8% | $7.8m | 184,254 | 0% | held | |
| 6 | SPY SPDR S&P 500 ETF | 6.4% | $4.7m | 6,821 | 0% | held | |
| 7 | META Meta Platforms Inc | Communication Services | 6.3% | $4.6m | 6,950 | -13% | reduced |
| 8 | GOOG Alphabet Inc Class C | Communication Services | 4.6% | $3.3m | 10,500 | 0% | held |
| 9 | IAU iShares Gold Trust | 3.1% | $2.3m | 28,000 | 0% | held | |
| 10 | Pinnacle Financial Partners | 2.8% | $2.1m | 21,565 | 0% | held | |
| 11 | UNH United Health Group Inc | Healthcare | 2.0% | $1.4m | 4,300 | 0% | held |
| 12 | TSLA Tesla Inc | Consumer Cyclical | 1.9% | $1.4m | 3,100 | 0% | held |
| 13 | JNJ Johnson & Johnson Inc | Healthcare | 0.6% | $414.0k | 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.