Courant Investment Management LLC
Courant Investment Management LLC is a Tennessee-based hedge fund and investment adviser founded in 2011 and registered in Delaware. The firm manages pooled investment vehicles on a discretionary basis. As of March 2025, Courant has approximately $135.5 million in assets under management and is operated by a single employee, who also manages investments. Their clients are institutional pooled investment vehicles, and the firm reports exclusively to the SEC with an investor-focused business model.
Investment Strategy
Courant Investment Management LLC pursues discretionary investment strategies primarily through pooled vehicles and manages concentrated equity portfolios. The firm focuses on U.S. public equities, typically allocating capital to a limited number of positions and maintaining high portfolio concentration. It aims to generate consistent risk-adjusted returns by applying a fundamental, research-driven approach to security selection and risk management, with an investment philosophy oriented towards value and capital preservation.
Top Holdings
Equity Positions (8)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PGR | PROGRESSIVE CORP | 25.10% | $31.0M | 116,170 | $87.82 | $266.86 | -$1.9M |
J JPM | JPMORGAN CHASE &CO. | 22.27% | $27.5M | 94,897 | $104.20 | $289.91 | +$4.2M |
S SCHW | SCHWAB CHARLES CORP | 14.66% | $18.1M | 198,499 | $41.59 | $91.24 | +$2.6M |
K KMX | CARMAX INC | 13.47% | $16.6M | 247,520 | $73.24 | $67.21 | -$2.7M |
U ULTA | ULTA BEAUTY INC | 9.91% | $12.2M | 26,173 | $392.69 | $467.82 | +$2.7M |