Investing Tips: Analyzing Courage Capital's Q3 vs. Q4 2022 Holdings

Courage Capital Management LLC recently released its 13F holdings report for Q3 and Q4 of 2022. The report shows a list of the fund's top holdings, including their current shares, value, and percentage change from the previous quarter. As an investor, it's essential to analyze these changes and make investment decisions based on the data. In this article, we'll take a deeper look at Courage Capital's Q3 vs. Q4 2022 holdings and explore what they could mean for investors.

First on the list is Coherus Biosciences Inc, with the fund maintaining a steady 18 million shares in both Q3 and Q4, yet seeing a decline of 15.8% in value from $14,063,000 in Q3 to $11,835,000 in Q4.

Another company the fund held stable shares in is Evolent Health Inc, with 7,434,000 shares in Q3 and Q4. As of Q4, those shares were worth $8,088,000, a decrease of 13.3% from $9,326,000 in Q3.

Courage Capital also made some interesting moves within the gold sector, holding steady 184,254 shares in Goldman Sachs Physical Gold fund, which saw a slight increase of 9.7% from $3,039,000 in Q3 to $3,333,000 in Q4. Meanwhile, the Sprott Physical Gold Trust saw a 10.1% increase in value, up to $1,565,000 in Q4 from $1,421,00 in Q3.

Other holdings, such as PDC Energy Inc, saw a notable decrease in shares from 44,057 in Q3, with a 55.1% drop to 18,000 holdings in Q4. This shift saw a significant reduction in the value of PDC shares held by Courage Capital, down from $2,546,000 in Q3 to $1,143,000 in Q4.

Chord Energy Inc, a company involved in oil and natural gas exploration, saw Courage Capital drop their shares from 20,000 in Q3 to 8,000 in Q4. The company's shares experienced a sharp decrease of 60% in value from $2,735,000 in Q3 to $1,094,000 in Q4.

On the flip side, Vaneck Vectors Junior Gold Miners ETF saw an increase of 21% in value, up to $1,061,000 in Q4 from $877,000 in Q3. The Ishares Gold Trust, which held 28,000 shares in both Q3 and Q4, experienced a 9.7% increase in value, going up from $883,000 in Q3 to $969,000 in Q4.

It's important to note that Courage Capital made a new addition to its portfolio in Q4. The fund now holds 10,000 shares of Meta Platforms Inc, worth $1,203,000 at the end of the fourth quarter.

Some of the significant decreases in Courage Capital's portfolio include Intercontinental Exchange Inc, with the fund dropping from 26,600 shares in Q3 to just 6,600 shares in Q4. Likewise, the shares' value decreased by 71.8%, falling from $2,403,000 in Q3 to $677,000 in Q4.

Lastly, Consol Energy Inc New saw one of the significant decreases in shares and value, falling from 29,533 shares in Q3 to just 4,400 shares in Q4. Consequently, the value of those shares plunged by 84.9%, decreasing from $1,900,000 in Q3 to $286,000 in Q4.

Closing Thoughts

As an investor, it's important to keep track of the funds in which you invest. Courage Capital's Q3 vs. Q4 2022 holdings represent a snapshot of the fund's investment strategy and highlight its moves in various sectors. While these changes can be helpful pointers, it's important to conduct your research and understand why Courage Capital may have made those decisions. This information can help keep your investment strategy aligned with your goals and ensure that you're making informed decisions.