COURAGE CAPITAL MANAGEMENT LLC Diversified Active

Location: Nashville, TN

CIK: 0001119376 · Show all filings

Period: Q3 2013 (← Previous) (Next →)

Filing Date: Nov 13, 2013

Total Value: $220M (96.5% shares, 3.5% debt)

Holdings (41)

GLD SPDR Gold Shares ETF 29.7%

Value $65.32M Shares 509,600 Est. Cost $119.12 Unrealized —

IWM Ishares Russell 2000 Index ETF 9.7%

Value $21.32M Shares 200,000 Est. Cost — Unrealized —

SATS EchoStar Ord Shs 8.3%

Value $18.29M Shares 416,161 Est. Cost $31.68 Unrealized +6.8%

— Ascent Media Ord Shs Series A 4.2%

Value $9.15M Shares 113,500 Est. Cost $78.55 Unrealized —

MKL Markel Ord Shs 3.6%

Value $8.025M Shares 15,500 Est. Cost $523.62 Unrealized +0.3%

— GoodRich Petroleum Corp 5% 3.5%

Value $7.788M Shares 7,000,000 Est. Cost $1.11 Unrealized —

— Dreamworks Animation SKG Ord Shs Class A 3.3%

Value $7.291M Shares 256,198 Est. Cost $25.66 Unrealized —

— Amedisys Ord Shs 3.1%

Value $6.884M Shares 400,000 Est. Cost — Unrealized —

— Cablevision Systems Ord Shs Class A 3.1%

Value $6.736M Shares 400,000 Est. Cost $16.82 Unrealized —

MAR Marriott International Ord Shs 2.7%

Value $5.996M Shares 142,566 Est. Cost $36.58 Unrealized 0.0%

LYV Live Nation Entertainment Ord Shs 2.4%

Value $5.337M Shares 287,721 Est. Cost $13.58 Unrealized +25.2%

HLF Herbalife Ord Shs 2.2%

Value $4.884M Shares 70,000 Est. Cost — Unrealized —

CRMT America's Car-Mart Ord Shs 2.1%

Value $4.716M Shares 104,540 Est. Cost $45.33 Unrealized -4.2%

— IntraLinks Holdings Ord Shs 1.7%

Value $3.828M Shares 435,000 Est. Cost $7.26 Unrealized —

ISRG Intuitive Surgical Ord Shs 1.7%

Value $3.763M Shares 10,000 Est. Cost — Unrealized —

— Zynga Ord Shs Class A 1.7%

Value $3.671M Shares 1,000,000 Est. Cost $3.67 Unrealized —

— Callon Petroleum Ord Shs 1.7%

Value $3.635M Shares 664,620 Est. Cost $5.47 Unrealized —

MS Morgan Stanley Ord Shs 1.5%

Value $3.234M Shares 120,000 Est. Cost — Unrealized —

GLD SPDR Gold Shares ETF 1.4%

Value $3.089M Shares 24,100 Est. Cost $119.12 Unrealized —

— Grupo Financiero Santander Mexico 1.2%

Value $2.71M Shares 196,099 Est. Cost $13.82 Unrealized —

— Cablevision Systems Ord Shs Class A 1.2%

Value $2.694M Shares 160,000 Est. Cost $16.82 Unrealized —

— National Oilwell Varco Ord Shs 1.1%

Value $2.343M Shares 30,000 Est. Cost $68.90 Unrealized —

PRLB Proto Labs Ord Shs 1.0%

Value $2.292M Shares 30,000 Est. Cost — Unrealized —

AIG American International Group Ord Shs 1.0%

Value $2.188M Shares 45,000 Est. Cost $33.72 Unrealized +6.9%

— Google Inc 1.0%

Value $2.184M Shares 2,493 Est. Cost $880.47 Unrealized —

QCOM QUALCOMM Ord Shs 1.0%

Value $2.154M Shares 32,000 Est. Cost $45.06 Unrealized +3.3%

PAAS Pan American Silver Ord Shs 0.6%

Value $1.314M Shares 124,581 Est. Cost $12.75 Unrealized -4.5%

PAAS Pan American Silver Ord Shs 0.5%

Value $1.055M Shares 100,000 Est. Cost $12.75 Unrealized -4.5%

— Fiesta Restaurant Group Ord Shs 0.4%

Value $941K Shares 25,000 Est. Cost $37.64 Unrealized —

— Dex Media Ord Shs 0.4%

Value $910K Shares 112,178 Est. Cost $17.57 Unrealized —

ARCO Arcos Dorados Holdings Ord Shs Class A 0.4%

Value $823K Shares 69,444 Est. Cost $10.61 Unrealized -8.0%

— Ingram Micro Ord Shs Class A 0.4%

Value $813K Shares 35,255 Est. Cost $18.99 Unrealized —

— Dex Media Ord Shs 0.4%

Value $811K Shares 100,000 Est. Cost $17.57 Unrealized —

— Bravo Brio Restaurant Group Ord Shs 0.3%

Value $634K Shares 41,997 Est. Cost $17.82 Unrealized —

— DeVry Ord Shs 0.3%

Value $623K Shares 20,372 Est. Cost $31.01 Unrealized —

KOPN Kopin Ord Shs 0.3%

Value $597K Shares 148,506 Est. Cost $3.45 Unrealized +5.2%

— Axiall Ord Shs 0.3%

Value $567K Shares 15,000 Est. Cost $41.00 Unrealized —

— Rovi Ord Shs 0.2%

Value $479K Shares 25,000 Est. Cost $19.16 Unrealized —

— Comverse Ord Shs 0.2%

Value $419K Shares 13,100 Est. Cost $31.98 Unrealized —

WMT WalMart Stores Ord Shs 0.2%

Value $410K Shares 5,550 Est. Cost $19.98 Unrealized -1.0%

— Era Group Ord Shs 0.1%

Value $264K Shares 9,730 Est. Cost $26.77 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR Gold Shares ETF	509,600	$65.32M	29.7%	$119.12	—	Call	78463V107
IWM	Ishares Russell 2000 Index ETF	200,000	$21.32M	9.7%	—	—	Put	464287655
SATS	EchoStar Ord Shs	416,161	$18.29M	8.3%	$31.68	+6.8%	Common	278768106
—	Ascent Media Ord Shs Series A	113,500	$9.15M	4.2%	$78.55	—	Common	043632108
MKL	Markel Ord Shs	15,500	$8.025M	3.6%	$523.62	+0.3%	Common	570535104
—	GoodRich Petroleum Corp 5%	7,000,000	$7.788M	3.5%	$1.11	—	Bond	382410AG3
—	Dreamworks Animation SKG Ord Shs Class A	256,198	$7.291M	3.3%	$25.66	—	Common	26153C103
—	Amedisys Ord Shs	400,000	$6.884M	3.1%	—	—	Put	023436108
—	Cablevision Systems Ord Shs Class A	400,000	$6.736M	3.1%	$16.82	—	Call	12686C109
MAR	Marriott International Ord Shs	142,566	$5.996M	2.7%	$36.58	0.0%	Common	571903202
LYV	Live Nation Entertainment Ord Shs	287,721	$5.337M	2.4%	$13.58	+25.2%	Common	538034109
HLF	Herbalife Ord Shs	70,000	$4.884M	2.2%	—	—	Put	G4412G101
CRMT	America's Car-Mart Ord Shs	104,540	$4.716M	2.1%	$45.33	-4.2%	Common	03062T105
—	IntraLinks Holdings Ord Shs	435,000	$3.828M	1.7%	$7.26	—	Common	46118H104
ISRG	Intuitive Surgical Ord Shs	10,000	$3.763M	1.7%	—	—	Call	46120E602
—	Zynga Ord Shs Class A	1,000,000	$3.671M	1.7%	$3.67	—	Common	98986T108
—	Callon Petroleum Ord Shs	664,620	$3.635M	1.7%	$5.47	—	Common	13123X102
MS	Morgan Stanley Ord Shs	120,000	$3.234M	1.5%	—	—	Put	617446448
GLD	SPDR Gold Shares ETF	24,100	$3.089M	1.4%	$119.12	—	Gold ETF	78463V107
—	Grupo Financiero Santander Mexico	196,099	$2.71M	1.2%	$13.82	—	Common	40053C105
—	Cablevision Systems Ord Shs Class A	160,000	$2.694M	1.2%	$16.82	—	Common	12686C109
—	National Oilwell Varco Ord Shs	30,000	$2.343M	1.1%	$68.90	—	Common	637071101
PRLB	Proto Labs Ord Shs	30,000	$2.292M	1.0%	—	—	Put	743713109
AIG	American International Group Ord Shs	45,000	$2.188M	1.0%	$33.72	+6.9%	Common	026874784
—	Google Inc	2,493	$2.184M	1.0%	$880.47	—	Common	38259P508
QCOM	QUALCOMM Ord Shs	32,000	$2.154M	1.0%	$45.06	+3.3%	Common	747525103
PAAS	Pan American Silver Ord Shs	124,581	$1.314M	0.6%	$12.75	-4.5%	Common	697900108
PAAS	Pan American Silver Ord Shs	100,000	$1.055M	0.5%	$12.75	-4.5%	Call	697900108
—	Fiesta Restaurant Group Ord Shs	25,000	$941K	0.4%	$37.64	—	Common	31660B101
—	Dex Media Ord Shs	112,178	$910K	0.4%	$17.57	—	Common	25213A107
ARCO	Arcos Dorados Holdings Ord Shs Class A	69,444	$823K	0.4%	$10.61	-8.0%	Common	G0457F107
—	Ingram Micro Ord Shs Class A	35,255	$813K	0.4%	$18.99	—	Common	457153104
—	Dex Media Ord Shs	100,000	$811K	0.4%	$17.57	—	Call	25213A107
—	Bravo Brio Restaurant Group Ord Shs	41,997	$634K	0.3%	$17.82	—	Common	10567B109
—	DeVry Ord Shs	20,372	$623K	0.3%	$31.01	—	Common	251893103
KOPN	Kopin Ord Shs	148,506	$597K	0.3%	$3.45	+5.2%	Common	500600101
—	Axiall Ord Shs	15,000	$567K	0.3%	$41.00	—	Common	05463D100
—	Rovi Ord Shs	25,000	$479K	0.2%	$19.16	—	Common	779376102
—	Comverse Ord Shs	13,100	$419K	0.2%	$31.98	—	Common	02058P105
WMT	WalMart Stores Ord Shs	5,550	$410K	0.2%	$19.98	-1.0%	Common	931142103
—	Era Group Ord Shs	9,730	$264K	0.1%	$26.77	—	Common	26885G109