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Courage Capital Management 13F annual report

Courage Capital Management is an investment fund managing more than $29.7 million ran by Richard Patton. There are currently 11 companies in Mr. Patton’s portfolio. The largest investments include Core Civic Inc and Invesco Senior Loan Etf, together worth $10.4 million.

$29.7 million Assets Under Management (AUM)

As of 3rd May 2024, Courage Capital Management’s top holding is 341,000 shares of Core Civic Inc currently worth over $5.32 million and making up 17.9% of the portfolio value. In addition, the fund holds 238,000 shares of Invesco Senior Loan Etf worth $5.03 million. The third-largest holding is Sprott Physical Gold Trust worth $4.58 million and the next is Goldman Sachs Physical Gold worth $4.05 million, with 184,254 shares owned.

Currently, Courage Capital Management's portfolio is worth at least $29.7 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Courage Capital Management

The Courage Capital Management office and employees reside in Nashville, Tennessee. According to the last 13-F report filed with the SEC, Richard Patton serves as the Chief Manager at Courage Capital Management.

Recent trades

In the most recent 13F filing, Courage Capital Management revealed that it had opened a new position in Core Civic Inc and bought 341,000 shares worth $5.32 million.

On the other hand, there are companies that Courage Capital Management is getting rid of from its portfolio. Courage Capital Management closed its position in Humana on 10th May 2024. It sold the previously owned 3,400 shares for $1.56 million. Richard Patton also disclosed a decreased stake in Meta Platforms Inc by 0.1%. This leaves the value of the investment at $3.89 million and 8,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Courage Capital Management are Blum Capital Partners L.P. and Lone Star Value Management. They manage $29.8 million and $29.8 million respectively.


Richard Patton investment strategy

Courage Capital Management’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Technology — making up 15.9% of the total portfolio value. The fund focuses on investments in the United States as 36.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 36% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $462 billion.

The complete list of Courage Capital Management trades based on 13F SEC filings

These positions were updated on May 10th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Core Civic Inc
Opened
341,000
$5,323,000 17.92%
Invesco Senior Loan Etf
Opened
238,000
$5,034,000 16.95%
Sprott Physical Gold Trust
No change
264,500
$4,576,000 15.41%
Goldman Sachs Physical Gold
No change
184,254
$4,052,000 13.64%
Meta Platforms Inc
11.11%
8,000
$3,885,000 13.08%
Fidelity Wise Bitcoin Fund
Opened
46,671
$2,896,000 9.75%
Humana Inc.
Closed
3,400
$1,557,000
Crown Castle Intl
No change
12,000
$1,270,000 4.28%
Ishares Gold Trust
No change
28,000
$1,176,000 3.96%
Alphabet Inc
No change
5,500
$837,000 2.82%
General Dynamics Corp.
No change
1,200
$339,000 1.14%
Johnson & Johnson
No change
2,000
$316,000 1.06%
No transactions found
Showing first 500 out of 12 holdings

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