Courage Miller Partners, LLC
Long book
$354.2M
Q1 2026
Positions
92
Top-10 weight
61%
concentration
Last quarter
+7.9%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsCourage Miller Partners, LLC is a wealth-management firm allocating client money, running a $354.2M US long book across 92 positions.
The portfolio is concentrated: the top 10 names carry 61% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: SCHWAB US LARGE-CAP ETF, SCHWAB INTL EQUITY ETF, ISHARES CORE 1-5 YEAR USD BO, ISHARES 1-5Y INV GRADE CORP, SCHWAB SHORT-TERM US TREAS.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+6.5%
Q3 2024
-1.4%
Q4 2024
+0.1%
Q1 2025
+6.1%
Q2 2025
+5.4%
Q3 2025
+2.3%
Q4 2025
+0.7%
Q1 2026
+7.9%
Sector allocation
Technology 32%
Consumer discretionary 18%
Industrials 17%
Energy 15%
Financials 11%
Healthcare 2%
Services media 2%
Consumer staples 2%
Long book by quarter
What does Courage Miller own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 8.2K | $2.1M | 0.6% | +3.2% |
| XOM EXXON MOBIL CORP | Energy | 10.5K | $1.8M | 0.5% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 5.7K | $1.7M | 0.5% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.7K | $1.3M | 0.4% | +137.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 6.3K | $1.3M | 0.4% | Held |
| UNP UNION PACIFIC CORP | Industrials | 5.2K | $1.3M | 0.4% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 910 | $907K | 0.3% | Held |
| GE GENERAL ELECTRIC | Industrials | 2.2K | $618K | 0.2% | New |
| GEV GE VERNOVA INC | Industrials | 544 | $475K | 0.1% | Held |
| GOOG ALPHABET INC-CL C | Technology | 1.4K | $415K | 0.1% | Held |
| LLY ELI LILLY & CO | Healthcare | 325 | $299K | 0.1% | Held |
| V VISA INC-CLASS A SHARES | Services media | 932 | $282K | 0.1% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 883 | $274K | 0.1% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.5K | $248K | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 1.1K | $230K | 0.1% | New |
| TRV TRAVELERS COS INC/THE | Financials | 755 | $220K | 0.1% | Held |
| MSFT MICROSOFT CORP | Technology | 584 | $216K | 0.1% | +0.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 92 | $354.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 84 | $332.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 85 | $333.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 86 | $315.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 82 | $295.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 80 | $292.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 81 | $297.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 78 | $278.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 16, 2024 | 85 | $289.2M | canonical | SEC ↗ |