CM
Courage Miller Partners, LLC 13F Filing (Q2 2026) — Top Positions & Stock Picks
Courage Miller Partners, LLCCIK: 0001482106
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$379.0M
Reporting period: 2026-06-30 · Number of holdings: 87
Courage Miller Partners, LLC disclosed 87 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $379.0M and a quarterly turnover rate of 10.4%.
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Personality snowflake
- Concentration
- 21.16
- Portfolio Stability
- 10.45
- Momentum
- 100
- Sector conviction
- 48.2
- Diversification
- 100
- Sizing Uniformity
- 80.91
Courage Miller Partners, LLC's disclosed holdings carry a Herfindahl concentration index of 0.053 — mathematically equivalent to about 19 equally-sized positions, well below its 87 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.91), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 3% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd SCHX
-0.2% $6.5M
Trim GLTR
+1.5% -$1.6M
Add SCHA
-1.6% $2.4M
Add SCHM
-1.1% $2.5M
Sold out GLD
Add SCHF
-1.1% $3.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SCHX | Schwab US Large-cap ETF | ETF-Other | 13.44% | +0.88% | -0.23% | |
| 2 | SCHF | Schwab Intl Equity ETF | ETF-Other | 8.98% | +0.31% | -1.06% | |
| 3 | ISTB | Ishares Core 1-5 Year Usd Bo | ETF-Other | 7.57% | -0.23% | +4.28% | |
| 4 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 6.44% | -0.20% | +4.14% | |
| 5 | SCHO | Schwab Short-term US Treas | ETF-Other | 5.42% | -0.20% | +3.76% | |
| 6 | BND | Vanguard Total Bond Market | ETF-Other | 5.08% | -0.18% | +3.63% | |
| 7 | SCHM | Schwab US Mid Cap ETF | ETF-Other | 4.43% | +0.41% | -1.05% | |
| 8 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 3.92% | -0.15% | -0.24% | |
| 9 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 3.48% | +0.17% | +1.46% | |
| 10 | SCHA | Schwab US Small-cap ETF | ETF-Other | 3.42% | +0.43% | -1.57% | |
| 11 | SCHH | Schwab US Reit ETF | ETF-Other | 3.24% | +0.07% | -0.64% | |
| 12 | SCHG | Schwab US Large-cap Growth | ETF-Other | 2.47% | +0.20% | +0.23% | |
| 13 | SCHV | Schwab US Large-cap Value | ETF-Other | 2.46% | +0.12% | -1.11% | |
| 14 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 2.41% | +0.07% | -0.39% | |
| 15 | GLTR | Abrdn Precious Metals Basket | ETF-Other | 2.19% | -0.60% | +1.46% | |
| 16 | SCHC | Schwab Intl Small-cap Equity | ETF-Other | 2.14% | -0.09% | -0.47% | |
| 17 | CWI | State Street Spdr Msci Acwi | ETF-Other | 2.00% | +0.05% | -1.24% | |
| 18 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 1.99% | +0.05% | -0.11% | |
| 19 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 1.15% | -0.07% | +1.29% | |
| 20 | MDYG | Ss Spdr S&p 400 Mc Gr ETF | ETF-Other | 0.90% | +0.07% | -1.37% | |
| 21 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.86% | +0.04% | -1.83% | |
| 22 | IGE | Ishares North American Natur | ETF-Other | 0.82% | -0.16% | +1.01% | |
| 23 | MDYV | Ss Spdr S&p 400 Mc Val ETF | ETF-Other | 0.77% | +0.03% | -0.29% | |
| 24 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-Corp Bonds | 0.73% | -0.04% | +0.65% | |
| 25 | AAPL | Apple Inc | Stock-Tech | 0.62% | +0.03% | +0.02% | |
| 26 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.54% | +0.07% | — | |
| 27 | IMCG | Ishares Morningstar Mid-cap | ETF-Other | 0.53% | +0.04% | -7.36% | |
| 28 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.53% | — | +0.53% | |
| 29 | RSPG | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.53% | -0.12% | -2.76% | |
| 30 | RSPM | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.51% | -0.05% | -2.35% | |
| 31 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.50% | +0.03% | +0.02% | |
| 32 | SLYV | Ss Spdr S&p 600 Sc Val ETF | ETF-Other | 0.50% | +0.03% | -1.59% | |
| 33 | SLYG | Ss Spdr S&p 600 Sc Gr ETF | ETF-Other | 0.49% | +0.05% | -1.56% | |
| 34 | IMCV | Ishares Morningstar Mid-cap | ETF-Other | 0.42% | -0.02% | -5.68% | |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.41% | +0.02% | — | |
| 36 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.39% | +0.02% | — | |
| 37 | XOM | Exxon Mobil CORP | Stock-Energy | 0.38% | -0.12% | -0.35% | |
| 38 | UNP | Union Pacific CORP | Stock-Industrials | 0.37% | +0.01% | — | |
| 39 | SHV | Ishares 0-1 Year Treasury Bo | ETF-Gov Bonds | 0.37% | -0.02% | +1.11% | |
| 40 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.30% | — | — | |
| 41 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.28% | +0.02% | -0.04% | |
| 42 | BIV | Vanguard Intermediate-term B | ETF-Other | 0.25% | -0.02% | +0.55% | |
| 43 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.22% | -0.04% | — | |
| 44 | IXUS | Ishares Core Intl Stock ETF | ETF-Other | 0.22% | — | -0.09% | |
| 45 | GE | General Electric | Stock-Industrials | 0.21% | +0.04% | — | |
| 46 | IYR | Ishares US Real Estate ETF | ETF-Other | 0.21% | +0.01% | +2.25% | |
| 47 | ACWI | Ishares Msci Acwi ETF | ETF-Other | 0.20% | +0.01% | — | |
| 48 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.20% | +0.04% | — | |
| 49 | SHYG | Ishares 0-5 Yr Hy CORP Bond | ETF-Corp Bonds | 0.19% | -0.01% | +0.38% | |
| 50 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.19% | +0.03% | -0.43% |
1–50 of 87
Portfolio Performance
Performance for Q3 2026
+2%
Performance Last 4 Quarters
+16.8%
- Stdev
- +8.7%
- Beta
- +0.61
- Alpha
- +1.2%
- Max Drawdown
- -4.4%
- Annualized Perf
- +13.7%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.97
- Stutzer
- +0.44
- Treynor
- +0.22
- Sterling
- +1.02
- Calmar
- +3.14
- Information Ratio
- -1.05
- Tracking Error
- +6.4%
- Stdev Down
- +4.5%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +22.9%
- Worst 12 Months
- +5.3%
- Efficiency Ratio
- +0.57
- Sharpe
- +1.52
- Stdev Sectors
- +6.7%
- Skewness
- -0.2
- Kurtosis
- -0.24
- Upside Potential
- +4.54
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 87 | $379.0M | 10 | ||
| 2026 Q1 | 92 | $354.2M | 9 | ||
| 2025 Q4 | 84 | $332.1M | 2 | ||
| 2025 Q3 | 85 | $333.5M | 13 | ||
| 2025 Q2 | 86 | $315.4M | 0 | ||
| 2025 Q1 | 82 | $295.2M | 100 | ||
| 2024 Q4 | 80 | $292.1M | 0 | ||
| 2024 Q3 | 81 | $297.5M | 0 | ||
| 2024 Q2 | 78 | $278.0M | 0 | ||
| 2024 Q1 | 85 | $289.2M | 0 | ||
| 2023 Q4 | 75 | $264.3M | 0 | ||
| 2023 Q3 | 74 | $243.8M | 0 | ||
| 2023 Q2 | 76 | $240.0M | 0 | ||
| 2023 Q1 | 74 | $236.2M | 0 | ||
| 2022 Q4 | 70 | $217.1M | 0 | ||
| 2022 Q3 | 67 | $198.4M | 0 | ||
| 2022 Q2 | 70 | $210.6M | 0 | ||
| 2022 Q1 | 76 | $251.9M | 0 | ||
| 2021 Q4 | 86 | $264.3M | 0 | ||
| 2021 Q3 | 85 | $248.9M | 0 | ||
| 2021 Q2 | 85 | $244.7M | 97 | ||
| 2021 Q1 | 85 | $230.2M | 7 | ||
| 2020 Q4 | 78 | $217.5M | 17 | ||
| 2020 Q3 | 72 | $186.0M | 0 | ||
| 2020 Q2 | 72 | $186.0M | 31 | ||
| 2020 Q1 | 65 | $162.6M | 37 | ||
| 2019 Q4 | 74 | $194.6M | 7 | ||
| 2019 Q3 | 68 | $181.4M | 4 | ||
| 2019 Q2 | 67 | $182.0M | 32 | ||
| 2019 Q1 | 68 | $177.0M | 12 | ||
| 2018 Q4 | 71 | $168.7M | 14 | ||
| 2018 Q3 | 66 | $173.7M | 4 | ||
| 2018 Q2 | 66 | $168.5M | 4 | ||
| 2018 Q1 | 66 | $165.0M | 10 | ||
| 2017 Q4 | 67 | $165.0M | 7 | ||
| 2017 Q3 | 68 | $159.9M | 6 | ||
| 2017 Q2 | 66 | $151.8M | 5 | ||
| 2017 Q1 | 59 | $144.8M | 13 | ||
| 2016 Q4 | 67 | $143.4M | 7 | ||
| 2016 Q3 | 68 | $144.6M | 6 | ||
| 2016 Q2 | 66 | $139.9M | 7 | ||
| 2016 Q1 | 67 | $142.9M | 6 | ||
| 2015 Q4 | 67 | $144.7M | 10 | ||
| 2015 Q3 | 62 | $134.2M | 12 | ||
| 2015 Q2 | 57 | $134.4M | 12 | ||
| 2015 Q1 | 56 | $133.6M | 24 | ||
| 2014 Q4 | 55 | $120.9M | 32 | ||
| 2014 Q3 | 54 | $128.4M | 18 | ||
| 2014 Q2 | 60 | $136.5M | 12 | ||
| 2014 Q1 | 55 | $127.2M | 11 | ||
| 2013 Q4 | 49 | $118.1M | 9 | ||
| 2013 Q3 | 49 | $121.8M | 15 | ||
| 2013 Q2 | 47 | $110.2M | 0 |
Holding changes this quarter
Courage Miller Partners, LLC's most significant position changes for 2026-06-30: Sold out: Spdr Gold Shares (GLD); Sold out: Vaneck Gold Miners ETF (GDX); Sold out: Sp Funds S&p Sharia Indu Exc (SPUS); Sold out: Wahed Dow Jones Islamic Wrld (UMMA); Sold out: Chevron CORP (CVX).
1–50 of 92
Filing History
FAQ
What is Courage Miller Partners, LLC and what type of investor is it?
Courage Miller Partners, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $379.0M, spread across 87 disclosed positions.
What are Courage Miller Partners, LLC's largest equity positions?
Based on the latest 13F filing, Courage Miller Partners, LLC's top holdings by market value are:
1. Schwab US Large-cap ETF (SCHX) — $50.9M (13.4%)
2. Schwab Intl Equity ETF (SCHF) — $34.0M (9.0%)
3. Ishares Core 1-5 Year Usd Bo (ISTB) — $28.7M (7.6%)
4. Ishares 1-5y Inv Grade CORP (IGSB) — $24.4M (6.4%)
5. Schwab Short-term US Treas (SCHO) — $20.5M (5.4%)
What changes did Courage Miller Partners, LLC make in its most recent portfolio filing?
In the latest reported quarter, Courage Miller Partners, LLC made 62 notable position adjustments: 0 new positions were initiated, 20 existing holdings were added to, 37 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Spdr Gold Shares (GLD); Sold out: Vaneck Gold Miners ETF (GDX); Sold out: Sp Funds S&p Sharia Indu Exc (SPUS); Sold out: Wahed Dow Jones Islamic Wrld (UMMA); Sold out: Chevron CORP (CVX)
What sectors does Courage Miller Partners, LLC focus on?
Courage Miller Partners, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 21.6%
• Information Technology: 19.5%
• Communication Services: 19.3%
• Consumer Discretionary: 13.0%
• Energy: 10.8%
• Consumer Staples: 8.5%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Courage Miller Partners, LLC returned an annualized 13.7% over the trailing 36 months — outperforming the S&P 500 by 1.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.61 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its SCHF position over the past two quarters (+$4.0M, now $34.0M), while trimming AOA over the same stretch (-$61.5K, still holding $621.8K).
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