Courant Investment Management LLC
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Nov 2026 | $133,324,614 | Pooled investment vehicles (100%) |
| Mar 2025 to Mar 2026 | $135,495,214 | Pooled investment vehicles (100%) |
| Apr 2024 to Feb 2025 | $124,227,462 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $115,738,211 | Pooled investment vehicles (100%) |
| Apr 2023 | $115,738,211 | Pooled investment vehicles (100%) |
| Mar 2022 to Mar 2023 | $137,584,709 | Pooled investment vehicles (100%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.
Closest benchmark: the Dow Jones Industrial Average as of 2026-07-31, active share 96.0%; sector active share 71.9% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
7 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026Portfolio Trend
Sector Breakdown
As of Sep 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 66.0% | $57,608,309 |
| Consumer Cyclical | 24.1% | $21,051,642 |
| Unclassified | 9.8% | $8,584,200 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedTrimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| JPM | Jpmorgan Chase & Co | −45,000 | 25,697 | $8,501,338 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterSold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PGR |
Progressive Corp
Financial Services
|
Held | 116,170 | $24,083,202 | 27.60% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
Held | 183,499 | $17,935,192 | 20.56% | |
| ULTA |
Ulta Beauty, Inc.
Consumer Cyclical
|
Held | 21,673 | $11,837,142 | 13.57% | |
| LOW |
Lowes Companies Inc
Consumer Cyclical
|
Held | 50,000 | $9,214,500 | 10.56% | |
| FISV |
Fiserv Inc
|
Held | 190,000 | $8,584,200 | 9.84% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 25,697 | $8,501,338 | 9.74% | |
| BRO |
Brown & Brown, Inc.
Financial Services
|
Held | 116,397 | $7,088,577 | 8.12% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.