SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Courage Miller Partners, LLC

CIK 0001482106 · 101 WEST MAIN ST, SUITE 720, NORFOLK, VA, 23510 · 757-390-3100

Reported Value
$163M
Q1 2020
Positions
65
Filings on Record
30
2019–present window
Filed
Apr 14, 2020
original filing

Summary

Courage Miller Partners, LLC reported $163M in U.S.-listed holdings across 65 positions for Q1 2020.

Its largest position, Charles Schwab US Large Cap Etf, represents 15.7% of the portfolio.

Compared with Q4 2019, the fund opened 8 new positions and exited 16.

Portfolio Metrics

Turnover
+9.7%
vs prior filed quarter
Top-10 Concentration
+60.5%
share of reported value
Largest Position
+15.7%
Charles Schwab US Large Cap Etf
New / Exited
8 / 16
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $169MQ4 ’18Q1 ’19: $177MQ2 ’19: $182MQ3 ’19: $181MQ4 ’19: $195MQ4 ’19Q1 ’20: $163MQ2 ’20: $186MQ3 ’20: $186MQ4 ’20: $218MQ4 ’20Q1 ’21: $230MQ2 ’21: $245MQ3 ’21: $249MQ4 ’21: $264MQ4 ’21Q1 ’22: $252MQ2 ’22: $211MQ3 ’22: $198MQ4 ’22: $217MQ4 ’22Q1 ’23: $236MQ2 ’23: $240MQ3 ’23: $244MQ4 ’23: $264MQ4 ’23Q1 ’24: $289MQ2 ’24: $278MQ3 ’24: $297MQ4 ’24: $292MQ4 ’24Q1 ’25: $295MQ2 ’25: $315MQ3 ’25: $334MQ4 ’25: $332MQ4 ’25Q1 ’26: $354Mfilingsflow.com

Portfolio Composition

By security type
ETP: 95.4%Other: 3.9%Common Stock: 0.7%
  • ETP · 95.4% · $155M
  • Other · 3.9% · $6M
  • Common Stock · 0.7% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
2671931DPowershares BulletShares 2021 Corporate Bond EFTNEW+285.8K285.8K+$6M$6M
BSCMUSDPowershares BulletShares 2022 Corporate Bond EFTNEW+281.2K281.2K+$6M$6M
Guggenheim S&P 500 Equal Weight Materials ETFNEW+14.1K14.1K+$1M$1M
Guggenheim S&P 500 Equal Weight Energy ETFNEW+44.5K44.5K+$890,000$890,000
Berkshire Hathaway Class BNEW+2.8K2.8K+$518,000$518,000
Powershares BulletShares 2023 Corporate Bond EFTNEW+17.7K17.7K+$367,000$367,000
Powershares BulletShares 2020 Corporate Bond EFTNEW+16.1K16.1K+$338,000$338,000
iShares iBonds Dec 2021 Term Corporate ETFNEW+11.7K11.7K+$287,000$287,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Charles Schwab US Large Cap ETFETF15.71%$26M417.0K
2iShares Core 1-5 Year Bond ETFETF9.02%$15M290.3K
3Schwab International Equity ETFETF8.55%$14M538.1K
4Charles Schwab Short Term US Treasury ETFETF7.81%$13M245.4K
52671931DPowershares BulletShares 2021 Corporate Bond EFThistory →ETF3.69%$6M285.8K
6BSCMUSDPowershares BulletShares 2022 Corporate Bond EFThistory →ETF3.66%$6M281.2K
7Schwab US Dividend Equity ETFETF3.56%$6M128.8K
8ETFS Physical Precious Metals BasketETF2.98%$5M64.5K
9Schwab US REIT ETFETF2.80%$5M138.8K
10Charles Schwab US Mid-Cap ETFETF2.76%$4M106.6K
11Vanguard MSCI Emerging Markets ETFETF2.41%$4M116.9K
12Schwab Emerging Markets Equity ETFETF2.31%$4M181.6K
13Charles Schwab International Small Cap Equity ETFETF2.29%$4M152.6K
14SPDR MSCI ACWI es-US ETFETF2.27%$4M187.5K
15Charles Schwab US Small Cap ETFETF2.09%$3M66.0K
16iShares Short-Term Corporate Bond ETFETF1.97%$3M61.3K
17Schwab U.S. Large-Cap Growth ETFETF1.75%$3M35.8K
18iShares Intermediate-Term Corporate Bond ETFETF1.71%$3M50.6K
19Schwab U.S. Large-Cap Value ETFETF1.64%$3M60.2K
20Schwab US Aggregate Bond EtfETF1.38%$2M41.4K
21iShares Tr Lehman TipsETF1.31%$2M18.1K
22iShares Morningstar Mid Growth Index FundETF1.18%$2M8.8K
23iShares Core S&P 500 ETFETF1.16%$2M7.3K
24iShares Morningstar Mid Value Index FundETF0.82%$1M12.5K
25Guggenheim S&P 500 Equal Weight Materials ETFETF0.71%$1M14.1K
26SPDR S&P 400 Mid Cap Growth ETFETF0.63%$1M23.9K
27iShares FTSE NAREIT Residential Plus Capped Index FundETF0.58%$948,00017.2K
28iShares Core MSCI EAFE ETFETF0.57%$923,00018.5K
29iShares Morningstar Large Growth Index FundETF0.56%$913,0004.9K
30iShares Morningstar Small Growth Index FundETF0.55%$891,0005.4K
31Guggenheim S&P 500 Equal Weight Energy ETFETF0.55%$890,00044.5K
32Vanguard Total Stock MKTETF0.50%$810,0006.3K
33SPDR S&P 400 Mid Cap Value ETFETF0.50%$808,00022.9K
34Vanguard Large Cap ETFETF0.49%$795,0006.7K
35AMZNAmazon.com IncSTOCK0.47%$762,000391
36iShares Barclays Aggregate Bond FundETF0.44%$719,0006.2K
37iShares Morningstar Large Value Index FundETF0.44%$716,0008.3K
38PIMCO 1-5 Year US TIPS Index FundETF0.44%$715,00013.8K
39Vanguard FTSE All World EX US Index FundETF0.43%$702,00017.1K
40iShares S&P AggressiveETF0.40%$655,00013.8K
41Schwab Intermediate-Term U.S. Treasury ETFETF0.40%$643,00010.9K
42iShares Cohen and Steers Realty Majors Index FundETF0.38%$622,0006.8K
43iShares Morningstar Small Value Index FundETF0.37%$609,0007.1K
44SPDR S&P 600 Small Cap Growth ETFETF0.37%$608,00013.2K
45iShares Short Treasury Bond ETFETF0.36%$585,0005.3K
46SPDR S&P 500 ETFETF0.34%$550,0002.1K
47iShares S&P North American Natural Resources Sector Index FundETF0.33%$534,00032.1K
48Vanguard High Dividend Yield ETFETF0.32%$523,0007.4K
49Berkshire Hathaway Class BSTOCK0.32%$518,0002.8K
50SPDR S&P 600 Small Cap Value ETFETF0.30%$491,00012.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$354M92Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$332M84Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$334M85Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$315M86Jul 25, 202513F-HRchanges · EDGAR ↗
Q1 2025$295M82Apr 29, 202513F-HRchanges · EDGAR ↗
Q4 2024$292M80Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$297M81Oct 21, 202413F-HRchanges · EDGAR ↗
Q2 2024$278M78Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$289M85Apr 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$264M75Jan 19, 202413F-HRchanges · EDGAR ↗
Q3 2023$244M74Oct 16, 202313F-HRchanges · EDGAR ↗
Q2 2023$240M76Jul 20, 202313F-HRchanges · EDGAR ↗
Q1 2023$236M74Apr 24, 202313F-HRchanges · EDGAR ↗
Q4 2022$217M70Jan 30, 202313F-HRchanges · EDGAR ↗
Q3 2022$198M67Oct 19, 202213F-HRchanges · EDGAR ↗
Q2 2022$211M70Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$252M76May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$264M86Jan 19, 202213F-HRchanges · EDGAR ↗
Q3 2021$249M85Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$245M85Jul 28, 202113F-HRchanges · EDGAR ↗
Q1 2021$230M85Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$218M78Jan 28, 202113F-HRchanges · EDGAR ↗
Q3 2020$186M72Oct 27, 202013F-HRchanges · EDGAR ↗
Q2 2020$186M72Jul 23, 202013F-HRchanges · EDGAR ↗
Q1 2020$163M65Apr 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$195M74Jan 15, 202013F-HRchanges · EDGAR ↗
Q3 2019$181M68Oct 21, 201913F-HRchanges · EDGAR ↗
Q2 2019$182M67Jul 30, 201913F-HRchanges · EDGAR ↗
Q1 2019$177M68May 1, 201913F-HRchanges · EDGAR ↗
Q4 2018$169M71Jan 25, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.