SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Courage Miller Partners, LLC

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

Reported Value
$315M
Q2 2025
Positions
86
Filings on Record
30
2019–present window
Filed
Jul 25, 2025
original filing

Summary

Courage Miller Partners, LLC reported $315M in U.S.-listed holdings across 86 positions for Q2 2025.

Its largest position, Schwab Strategic Tr, represents 14.4% of the portfolio.

Compared with Q1 2025, the fund opened 4 new positions and exited 0.

Portfolio Metrics

Turnover
+1.1%
vs prior filed quarter
Top-10 Concentration
+63.5%
share of reported value
Largest Position
+14.4%
Schwab Strategic Tr

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: 96.2%Common Stock: 3.8%
  • ETP · 96.2% · $303M
  • Common Stock · 3.8% · $12M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GEVGE VERNOVA INCNEW+544544+$287,858$287,858
VANGUARD INDEX FDSNEW+1.0K1.0K+$280,110$280,110
VANGUARD INDEX FDSNEW+356356+$202,219$202,219
TRVTRAVELERS COMPANIES INCNEW+755755+$201,993$201,993
MSFTMICROSOFT CORPTRIMMED−734582−$204,656$289,520
ISHARES TRTRIMMED−2.2K4.4K−$254,159$487,367
ISHARES TRADDED+6212.8K+$79,232$371,191
VANGUARD INDEX FDSADDED+2901.4K+$85,812$334,616

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

Holdings — Q2 2025

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHWAB STRATEGIC TRUS LRG CAP ETF · INTL EQTY ETF · SHT TM US TRES · US MID-CAP ETF · US DIVIDEND EQ · US REIT ETF · US SML CAP ETF · US LCAP GR ETF · INTL SCEQT ETF · US LCAP VA ETF · EMRG MKTEQ ETF53.37%$168M6.68M
2ACWIISHARES TRCORE 1 5 YR USD · ISHS 1-5YR INVS · CORE S&P500 ETF · ISHS 5-10YR INVT · NORTH AMERN NAT · MRGSTR MD CP GRW · CORE MSCI EAFE · MRGSTR MD CP VAL · CORE MSCI TOTAL · SHORT TREAS BD · CORE S&P MCP ETF · CORE 80/20 AGGRE · MRGSTR SM CP GR · U.S. REAL ES ETF · S&P 500 GRWT ETF · MSCI ACWI ETF · MRNING SM CP ETF · MORNINGSTAR GRWT20.85%$66M1.16M
3VANGUARD BD INDEX FDSTOTAL BND MRKT · SHORT TRM BOND · INTERMED TERM6.97%$22M294.1K
4INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT3.35%$11M58.2K
5SPDR SERIES TRUSTS&P 400 MDCP GRW · S&P 400 MDCP VAL · S&P 600 SMCP GRW · S&P 600 SMCP VAL2.58%$8M97.6K
6VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF2.54%$8M162.3K
7SPDR INDEX SHS FDSMSCI ACWI EXUS2.07%$7M200.4K
8AAPLAPPLE INCCOM0.55%$2M8.5K
9AMZNAMAZON COM INCCOM0.55%$2M7.9K
10VANGUARD INDEX FDSTOTAL STK MKT0.50%$2M5.2K
11SPDR S&P 500 ETF TRTR UNIT0.44%$1M2.2K
12BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.44%$1M2.9K
13UNPUNION PAC CORPCOM0.38%$1M5.2K
14EXMOCEXXON MOBIL CORPCOM0.36%$1M10.5K
15GOOGLALPHABET INCCAP STK CL A0.34%$1M6.1K
16VANGUARD WHITEHALL FDSHIGH DIV YLD0.30%$947,5677.1K
17COSTCOSTCO WHSL CORP NEWCOM0.29%$901,040910
18ISHARES INCCORE MSCI EMKT0.18%$564,8829.4K

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 ↗.