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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.
Latest 13F Filing Activity
Courant Investment Management LLC filed their most recent 13F report on Jun 30, 2025 disclosing 8 equity positions with a total 13F market value of $124M. The fund increased holdings in JPMorgan Chase &co., Ulta Beauty Inc., Schwab Charles Corp. among other positions. Courant Investment Management LLC reduced exposure to Carmax Inc., Progressive Corp., Lowes Companies Inc. among others.
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 |
Industry Allocation
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