COURAGE CAPITAL MANAGEMENT LLC

NASHVILLE, TN · CIK 1119376 · 13F filing filed 2024-02-12

SEC-registered investment adviser since 2004 · limited liability company

$24.8m reported value -16.0% vs Q3 2023

11positions

98.7%in top 10

0 new 1 added 1 reduced 1 sold out vs Q3 2023

Holdings, Q4 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	COHERUS BIOSCIENCES INC NOTE 1.500% 4/1 · principal CHRS 1.5 04.15.26 · principal	CHRS 1.5 04.15.26	7,500,000	$4.3m17.17%	17.17%	Reduced -10.5m	-10,500,000 -58.3%
2	SPROTT PHYSICAL GOLD TR UNIT PHYS	PHYS	264,500	$4.2m17.01%	17.01%	Unchanged
3	EVOLENT HEALTH INC NOTE 1.500%10/1 · principal EVH 1.5 10.15.25 · principal	EVH 1.5 10.15.25	3,434,000	$3.9m15.84%	15.84%	Unchanged
4	GOLDMAN SACHS PHYSICAL GOLD UNIT AAAU	AAAU	184,254	$3.8m15.20%	15.20%	Unchanged
5	META PLATFORMS INC CL A META	META	9,000	$3.2m12.86%	12.86%	Added +1.0k	+1,000 12.5%
6	HUMANA INC COM HUM	HUM	3,400	$1.6m6.28%	6.28%	Unchanged
7	CROWN CASTLE INC COM CCI	CCI	12,000	$1.4m5.58%	5.58%	Unchanged
8	ISHARES GOLD TR ISHARES NEW IAU	IAU	28,000	$1.1m4.41%	4.41%	Unchanged
9	ALPHABET INC CAP STK CL C GOOG	GOOG	5,500	$775.0k3.13%	3.13%	Unchanged
10	JOHNSON & JOHNSON COM JNJ	JNJ	2,000	$313.0k1.26%	1.26%	Unchanged
11	GENERAL DYNAMICS CORP COM GD	GD	1,200	$312.0k1.26%	1.26%	Unchanged

Security	Ticker	Shares held before	Value then
COHERUS BIOSCIENCES INC CHRS	CHRS	50,000	$187.0k50.0k shares