COURAGE CAPITAL MANAGEMENT LLC Diversified Active

CIK: 0001119376 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $72 (100.0% shares, 0.0% debt)

Holdings (13)

Increased Positions (1)

FBTC Fidelity Wise Bitcoin Fund 18.0%

Value ($000) $13 (-21.3%) Shares 170,865 (+3.0%) Est. Cost $0.08 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FBTC	Fidelity Wise Bitcoin Fund	170,865 (+3.0%)	$13 (-21.3%)	18.0%	$0.08	—	ETF	315948109

Exited Positions (1)

SBUX Starbucks Corp 1.1%

Value ($000) $1 Shares 9,800 Est. Cost $93.94 Unrealized -10.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SBUX	Starbucks Corp	9,800	$1	1.1%	$93.94	-10.5%	—	855244109

Decreased Positions (1)

META Meta Platforms Inc 6.3%

Value ($000) $5 (-21.4%) Shares 6,950 (-12.6%) Est. Cost $360.25 Unrealized +85.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms Inc	6,950 (-12.6%)	$5 (-21.4%)	6.3%	$360.25	+85.2%	Common	30303M102

Unchanged Positions (11)

PHYS Sprott Physical Gold Trust 12.1%

Value ($000) $9 Shares 264,500 Est. Cost $5.93 Unrealized —

AAAU Goldman Sachs Physical Gold 10.8%

Value ($000) $8 Shares 184,254 Est. Cost $17.99 Unrealized —

GOOG Alphabet Inc Class C 4.6%

Value ($000) $3 Shares 10,500 Est. Cost $144.59 Unrealized +98.0%

CXW Core Civic Inc 12.5%

Value ($000) $9 Shares 473,961 Est. Cost $15.52 Unrealized +18.0%

IAU iShares Gold Trust 3.1%

Value ($000) $2 Shares 28,000 Est. Cost $33.71 Unrealized —

SPY SPDR S&P 500 ETF 6.4%

Value ($000) $5 Shares 6,821 Est. Cost $0.61 Unrealized —

UNH United Health Group Inc 2.0%

Value ($000) $1 Shares 4,300 Est. Cost $357.27 Unrealized -5.6%

BKLN Invesco Senior Loan ETF 18.8%

Value ($000) $14 Shares 648,000 Est. Cost $0.02 Unrealized —

JNJ Johnson & Johnson Inc 0.6%

Value ($000) $0 Shares 2,000 Est. Cost $127.01 Unrealized +55.1%

— Pinnacle Financial Partners 2.8%

Value ($000) $2 Shares 21,565 Est. Cost $0.09 Unrealized —

TSLA Tesla Inc 1.9%

Value ($000) $1 Shares 3,100 Est. Cost $301.28 Unrealized +47.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PHYS	Sprott Physical Gold Trust	264,500	$9	12.1%	$5.93	—	ETF	85207H104
AAAU	Goldman Sachs Physical Gold	184,254	$8	10.8%	$17.99	—	Common	38150K103
GOOG	Alphabet Inc Class C	10,500	$3	4.6%	$144.59	+98.0%	Common	02079K107
CXW	Core Civic Inc	473,961	$9	12.5%	$15.52	+18.0%	Common	21871N101
IAU	iShares Gold Trust	28,000	$2	3.1%	$33.71	—	ETF	464285204
SPY	SPDR S&P 500 ETF	6,821	$5	6.4%	$0.61	—	ETF	78462F103
UNH	United Health Group Inc	4,300	$1	2.0%	$357.27	-5.6%	Common	91324P102
BKLN	Invesco Senior Loan ETF	648,000	$14	18.8%	$0.02	—	ETF	46138G508
JNJ	Johnson & Johnson Inc	2,000	$0	0.6%	$127.01	+55.1%	Common	478160104
—	Pinnacle Financial Partners	21,565	$2	2.8%	$0.09	—	Common	72346Q104
TSLA	Tesla Inc	3,100	$1	1.9%	$301.28	+47.1%	Common	88160R101