Courage Miller Partners, LLC

RIA/Wealth

Courage Miller Partners, LLC is a RIA/Wealth based in Norfolk, VA led by Ralph Mark Courage, reporting $418.8M in AUM as of Q3 2025 with 96% ETF concentration and 64% concentrated in top 10 holdings.

Managing PartnerRalph Mark Courage

Portfolio Value: $333.5M
Positions: 85
Top Holding: SCHX at 14.24%
Last Reported: Q3 2025

AddressWorld Trade Center, 101 W. Main Street, Suite 720, Norfolk, VA, 23510, United States

Top Holdings

Largest long holdings in Courage Miller Partners, LLC's portfolio (64.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$47.5M	14.24%	-$1.6M Sold	— 1.8M shares	≤ Q2 2013 Held for 12y 5m+
2 Schwab International Equity SCHF	ETF ETF	$30.0M	8.98%	-$846.9K Sold	— 1.3M shares	≤ Q2 2013 Held for 12y 5m+
3 iShares Core 1-5 Year USD Bond ETF ISTB	ETF ETF	$26.9M	8.05%	+$2.0M Bought	— 550.0K shares	Q2 2019 Held for 6y 5m
4 iShares Trust IGSB	ETF ETF	$22.9M	6.88%	+$2.2M Bought	— 432.8K shares	≤ Q2 2013 Held for 12y 5m+
5 SCHO Schwab Short-Term U.S. Treasury SCHO	ETF ETF	$19.5M	5.83%	+$1.7M Bought	— 797.6K shares	≤ Q2 2013 Held for 12y 5m+
6 Vanguard Total Bond Market BND	ETF ETF	$18.7M	5.60%	+$1.8M Bought	— 251.4K shares	Q4 2022 Held for 2y 11m
7 Schwab U.S. Mid-Cap ETF SCHM	ETF ETF	$13.7M	4.11%	+$24.4K Bought	— 463.1K shares	≤ Q2 2013 Held for 12y 5m+
8 Schwab US Dividend Equity SCHD	ETF ETF	$12.9M	3.85%	+$672.4K Bought	— 471.1K shares	≤ Q2 2013 Held for 12y 5m+
9 Invesco S&P 500 Equal Weight ETF RSP	ETF ETF	$11.3M	3.38%	+$230.0K Bought	— 59.4K shares	Q2 2020 Held for 5y 5m
10 Schwab U.S. REIT SCHH	ETF ETF	$11.1M	3.33%	+$672.0K Bought	— 514.4K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Courage Miller Partners, LLC's latest filing

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Market Value

$333.5M

Prior: $315.4M

Q/Q Change

+5.75%

+$18.1M

Net Flows % of MV

+0.875%

Turnover Ratio

2.62%

New Purchases

1 stocks

$207.6K

Added To

27 stocks

+$10.0M

Sold Out Of

2 stocks

$769.0K

Reduced Holdings

40 stocks

-$6.5M

Increased Positions

Position	Shares Δ	Change
1 Schwab U.S. Broad Market SCHB	New	0 → 8.1K +$207.6K
2 iShares 0-5 Year High Yield Corporate Bond SHYG	+26.51%	12.7K → 16.1K +$145.8K
3 iShares Trust IGSB	+10.48%	391.7K → 432.8K +$2.2M
4 Vanguard Total Bond Market BND	+10.34%	227.8K → 251.4K +$1.8M
5 SCHO Schwab Short-Term U.S. Treasury SCHO	+9.82%	726.3K → 797.6K +$1.7M

Decreased Positions

Position	Shares Δ	Change
1 GLD SPDR Gold Trust GLD	Sold	1.7K → 0 −$531.0K
2 Intuitive Surgical ISRG	Sold	438.0 → 0 −$238.0K
3 Berkshire Hathaway BRK.B	-59.47%	2.9K → 1.2K −$852.1K
4 Vanguard FTSE All-World Ex-US ETF VEU	-23.92%	7.0K → 5.3K −$119.9K
5 iShares MSCI Emerging Markets EEM	-22.8%	8.1K → 6.3K −$98.6K