§ 13F · FUND PROFILE
COURAGE CAPITAL MANAGEMENT LLC.
Institutional filer · behavioral pattern: Other. Summary pending.
AUM · $75.7B (13F)Positions · 14Turnover · — · Q4Filed · Feb 17, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
No new positions
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | BKLN | Invesco Senior Loan ETF | 648K | $13.6B | 18.8% | ±0% |
| 2 | FBTC | Fidelity Wise Bitcoin Fund | 171K | $13.0B | 18.0% | +3% |
| 3 | CXW | Core Civic Inc | 474K | $9.1B | 12.5% | ±0% |
| 4 | PHYS | Sprott Physical Gold Trust | 265K | $8.7B | 12.1% | ±0% |
| 5 | AAAU | Goldman Sachs Physical Gold | 184K | $7.8B | 10.8% | ±0% |
| 6 | SPY | SPDR S&P 500 ETF | 7K | $4.7B | 6.4% | ±0% |
| 7 | META | Meta Platforms Inc | 7K | $4.6B | 6.3% | −13% |
| 8 | GOOG | Alphabet Inc Class C | 11K | $3.3B | 4.6% | ±0% |
| 9 | IAU | iShares Gold Trust | 28K | $2.3B | 3.1% | ±0% |
| 10 | PNFP | Pinnacle Financial Partners | 22K | $2.1B | 2.8% | ±0% |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE COURAGE SIGNAL
AC read
COURAGE CAPITAL MANAGEMENT LLC is a Other fund managing $75.7 trillion in assets. The fund runs a focused portfolio of just 14 positions.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed