COURAGE CAPITAL MANAGEMENT LLC

Q4 2025 13F-HR Holdings

Location
Nashville, TN
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
13
Total value ($000)
$72,356
Net value change ($000)
-3,329 (-4.4%)
New positions
0
Sold out positions
1
Turnover %
1.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PHYS 900 11.5%
AAAU 816 11.6%
GOOGL 738 28.9%
IAU 235 11.5%
SPY 107 2.4%
BKLN 45 0.3%
JNJ 43 11.6%
PINNACLE FINANCIAL PARTNERS INC 35 1.7%
TSLA 15 1.1%
Top Reduces (Value $000, Stocks/ETFs)
FBTC -3,530 -21.3%
META -1,250 -21.4%
SBUX -829 -100.0%
CXW -588 -6.1%
UNH -66 -4.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type