COURAGE CAPITAL MANAGEMENT LLC

NASHVILLE, TN · CIK 1119376 · 13F filing filed 2024-05-10

SEC-registered investment adviser since 2004 · limited liability company

$34.5m reported value +39.4% vs Q4 2023

12positions

98.1%in top 10

3 new 0 added 1 reduced 2 sold out vs Q4 2023

Holdings, Q1 2024

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	CORECIVIC INC COM CXW	CXW	341,000	$5.3m15.42%	15.42%	New
2	INVESCO EXCH TRADED FD TR II SR LN ETF BKLN	BKLN	238,000	$5.0m14.58%	14.58%	New
3	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	$4.8m13.96%	13.96%	Unchanged
4	SPROTT PHYSICAL GOLD TR UNIT PHYS	PHYS	264,500	$4.6m13.25%	13.25%	Unchanged
5	GOLDMAN SACHS PHYSICAL GOLD UNIT AAAU	AAAU	184,254	$4.1m11.74%	11.74%	Unchanged
6	META PLATFORMS INC CL A META	META	8,000	$3.9m11.25%	11.25%	Reduced -1.0k	-1,000 -11.1%
7	FIDELITY WISE ORIGIN BITCOIN SHS FBTC	FBTC	46,671	$2.9m8.39%	8.39%	New
8	CROWN CASTLE INC COM CCI	CCI	12,000	$1.3m3.68%	3.68%	Unchanged
9	ISHARES GOLD TR ISHARES NEW IAU	IAU	28,000	$1.2m3.41%	3.41%	Unchanged
10	ALPHABET INC CAP STK CL C GOOG	GOOG	5,500	$837.0k2.42%	2.42%	Unchanged
11	GENERAL DYNAMICS CORP COM GD	GD	1,200	$339.0k0.98%	0.98%	Unchanged
12	JOHNSON & JOHNSON COM JNJ	JNJ	2,000	$316.0k0.92%	0.92%	Unchanged

Security	Ticker	Shares held before	Value then
EVOLENT HEALTH INC EVH 1.5 10.15.25	EVH 1.5 10.15.25	3,434,000	$3.9m3.4m shares
HUMANA INC HUM	HUM	3,400	$1.6m3.4k shares