Courant Investment Management LLC

CIK 1695426 · View on SEC EDGAR ↗

Portfolio value
$103.0M
#8,303 of 9,443 by 13F value · top 87.9%
Positions
7
As of
June 30, 2026

Portfolio value QoQ: +0.6% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
7
Effective number of positions
5.8

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.0% Est. buys $0 · sells $0

Median holding: 5.5 quarters Tracked Q4 2024–Q2 2026 · 70.0% still held

New positions
0
Increased
0
Decreased
0
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
-6.0%
S&P 500 total return (same window)
+28.1%
Excess return
-34.1%

Annualized: -4.1% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 97.7% · Options excluded: 0.0%

Sector breakdown

Financials
54.3%
Financial Services
25.5%
Retail
20.2%

Full portfolio 7 positions

Type Streak 8Q trend
PGR Progressive Corporation (The) Common Stock $25,377,337 24.63% 116,170 $2,347,796
JPM JP Morgan Chase & Co. Common Stock $23,141,249 22.46% 70,697 $2,345,019
SCHW Charles Schwab Corporation (The) Common Stock $16,931,453 16.43% 183,499 $-313,783
LOW Lowe's Companies, Inc. Common Stock $11,024,500 10.70% 50,000 $-789,500
ULTA Ulta Beauty, Inc. - Common Stock $9,774,090 9.49% 21,673 $-1,554,604
FISV Fiserv, Inc. - Common Stock $9,319,500 9.04% 190,000 $-1,282,500
BRO Brown & Brown, Inc. Common Stock $7,466,868 7.25% 116,397 $-123,380

Top movers (QoQ)

Security Action Shares Δ Value Δ
PGR Price move only +0 +$2.3M
JPM Price move only +0 +$2.3M
ULTA Price move only +0 -$1.6M
FISV Price move only +0 -$1.3M
LOW Price move only +0 -$790K
SCHW Price move only +0 -$314K
BRO Price move only +0 -$123K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
KMX Dec. 31, 2025 247,520 $11,106,222 59.4%
BRKA Sept. 30, 2025 6 $4,372,800 No longer tracked
DE Sept. 30, 2025 5,000 $2,542,450 36.4%