COURAGE CAPITAL MANAGEMENT LLC
•CIK: 1119376•Filing: Q4 2025
**COURAGE CAPITAL MANAGEMENT LLC** manages $72M across a concentrated portfolio of 13 positions. The fund exhibits significant allocations to digital assets and technology, notably holding BKLN at $13.6M and FBTC at $13.0M. Further diversification is seen with substantial positions in CXW ($9.1M) and PHYS/U ($8.7M). The top holdings reveal a strategic tilt toward high-growth and digital infrastructure plays.
Total AUM
$72.4M
QoQ Performance
-4.4%
Positions
13
Top 10 Concentration
95.5%
Latest Filing
Q4 2025
Top Holdings Allocation
BKLN
FBTC
CXW
PHYS/U
AAAU
SPY
META
BKLN18.8%
FBTC18.0%
CXW12.5%
PHYS/U12.1%
AAAU10.8%
SPY6.4%
META6.3%
GOOG4.6%
📈 Biggest Buys
FBTC
Fidelity Wise Bitcoin Fund
+3.0%
18.0% of portfolio
📉 Biggest Sells
META
Meta Platforms Inc
-12.6%
6.3% of portfolio
Sector Breakdown
Other78.2%
Technology10.9%
ETF6.4%
Healthcare2.5%
Consumer1.9%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
↑1 increased
↓1 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023