Q2 2026 13F · SEC CIK 1119376
Courage Capital Management LLC
Hedge fundFiled 2026-08-11 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $67.3M
- Reported positions
- 16
- Top holdings a year, 3 yrs
- +17.1%
- Assets under management
- $1.4B
Courage Capital Management LLC is a hedge fund that reported 16 positions worth $67.3M in its Q2 2026 13F, filed 2026-08-11. Its largest holdings were Invesco Exch Traded Fd Tr II (BKLN, 19.6%), Corecivic, Inc. (CXW, 13.9%), Sprott Asset Management LP (PHYS, 11.9%). A portfolio copying its top holdings returned 17.1% a year over the last 3 years, against 22.3% for the S&P 500.
Courage Capital Management LLC holdings all 16 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| BKLNInvesco Exch Traded Fd Tr II | 19.6% | +0.0% | $13.2M |
| CXWCorecivic, Inc. | 13.9% | -34.8% | $9.4M |
| PHYSSprott Asset Management LP | 11.9% | +0.0% | $8.0M |
| AAAUGoldman Sachs Physical Gold | 10.8% | +0.0% | $7.3M |
| FBTCFidelity Wise Origin Bitcoin | 8.8% | -32.2% | $5.9M |
| SPYState Str Spdr S&p 500 ETF T | 8.0% | +0.0% | $5.4M |
| METAMeta Platforms Inc | 5.8% | +0.0% | $3.9M |
| GOOGAlphabet Inc | 5.5% | +0.0% | $3.7M |
| TSLATesla Inc | 3.4% | +0.0% | $2.3M |
| PNFPPinnacle Financial Partners | 3.2% | +0.0% | $2.2M |
| IAUIshares Gold Tr | 3.1% | +0.0% | $2.1M |
| UNHUnitedhealth Group Inc | 2.7% | +0.0% | $1.8M |
| AMZNAmazon Com Inc | 1.4% | +0.0% | $953K |
| JNJJohnson & Johnson | 0.8% | +0.0% | $508K |
| HCAHca Healthcare Inc | 0.7% | — | $468K |
| TYLTyler Technologies Inc | 0.4% | — | $292K |
What Courage Capital Management LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- HCA Hca Healthcare Inc0.7% of 13F
- TYL Tyler Technologies Inc0.4% of 13F
Added to
No position grew by more than 5%.
Reduced
- CXW Corecivic, Inc.-34.8% shares
- FBTC Fidelity Wise Origin Bitcoin-32.2% shares
Sold out
Nothing sold out.
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +2.3% /yr
- S&P 500 +11.7%
- 3 years
- +17.1% /yr
- S&P 500 +22.3%
- 5 years
- +12.5% /yr
- S&P 500 +10.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $67.3M | 16 |
| Q1 2026 | $70.6M | 14 |
| Q4 2025 | $72.4M | 13 |
| Q3 2025 | $75.7M | 14 |
| Q2 2025 | $67.8M | 13 |
| Q1 2025 | $49.0M | 12 |
| Q4 2024 | $48.5M | 12 |
| Q3 2024 | $40.4M | 11 |
| Q2 2024 | $34.1M | 11 |
| Q1 2024 | $29.7M | 11 |
| Q4 2023 | $16.6M | 9 |
| Q3 2023 | $14.8M | 10 |
Questions about Courage Capital Management LLC's portfolio
What stocks does Courage Capital Management LLC own?
Courage Capital Management LLC's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 16 positions worth $67.3M. The largest are Invesco Exch Traded Fd Tr II (BKLN) at 19.6%, Corecivic, Inc. (CXW) at 13.9%, Sprott Asset Management LP (PHYS) at 11.9%, Goldman Sachs Physical Gold (AAAU) at 10.8% and Fidelity Wise Origin Bitcoin (FBTC) at 8.8%.
What did Courage Capital Management LLC buy last quarter?
In Q2 2026, Courage Capital Management LLC added a new position in Hca Healthcare Inc (HCA) and a new position in Tyler Technologies Inc (TYL), compared with its Q1 2026 filing.
What did Courage Capital Management LLC sell last quarter?
In Q2 2026, Courage Capital Management LLC Corecivic, Inc. (CXW) (-34.8% shares) and Fidelity Wise Origin Bitcoin (FBTC) (-32.2% shares), compared with its Q1 2026 filing.
How has Courage Capital Management LLC's portfolio performed?
A portfolio copying Courage Capital Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +17.1% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +2.3% against +11.7%. Over 5 years: +12.5% a year against +10.6%.
When is Courage Capital Management LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Courage Capital Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Courage Capital Management LLC manage?
Courage Capital Management LLC reported $1.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $67.3M.