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CIM

Courant Investment Management Portfolio holdings

AUM $103M
1-Year Est. Return 14.55%
This Fund
S&P 500
This Quarter Est. Return
-3.74%
1 Year Est. Return
-14.55%
3 Year Est. Return
+33.53%
5 Year Est. Return
+34.8%
10 Year Est. Return
–
AUM
$160M
AUM Growth
+$1.61M
Cap. Flow
+$8.1M
Cap. Flow %
5.07%
Top 10 Hldgs %
90.15%
Holding
17
New
3
Increased
2
Reduced
–
Closed
3

Top Buys

Rank Stock Value
1
KMX icon
CarMax
KMX
+$15M
2
LUV icon
Southwest Airlines
LUV
+$11.9M
3
BFH icon
Bread Financial
BFH
+$5.14M
4
ULTA icon
Ulta Beauty
ULTA
+$1.08M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$287K

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$11.9M
2
BAC.WS.A
Bank Of America Corporation Ws A
BAC.WS.A
+$7.57M
3
MON
Monsanto Co
MON
+$5.88M

Sector Composition

Rank Sector Weight
1 Financials 33.87%
2 Industrials 21.82%
3 Consumer Discretionary 14.56%
4 Materials 2.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPM.WS
1
DELISTED
JPMorgan Chase
JPM.WS
$24.8M 15.51%
356,462
– –
UNP icon
2
Union Pacific
UNP
$175B
$23.5M 14.72%
175,086
– –
BRK.B icon
3
Berkshire Hathaway Class B
BRK.B
$1.11T
$22.9M 14.33%
114,842
+1,400
+1% +$287K
KMX icon
4
CarMax
KMX
$8.36B
$14.2M 8.9%
+229,565
New +$15M
LUV icon
5
Southwest Airlines
LUV
$22.7B
$11.3M 7.1%
+198,100
New +$11.9M
BFH icon
6
Bread Financial
BFH
$4.36B
$11.1M 6.92%
65,156
+26,313
+68% +$5.14M
WFC icon
7
Wells Fargo
WFC
$263B
$9.6M 6%
183,125
– –
GM.WS.B
8
DELISTED
General Motors Company
GM.WS.B
$9.5M 5.95%
508,231
– –
PNC.WS
9
DELISTED
PNC Financial Services Group Inc
PNC.WS
$9.09M 5.68%
108,132
– –
HBI
10
DELISTED
Hanesbrands
HBI
$8.04M 5.03%
436,512
– –
SCHW
11
Charles Schwab
SCHW
$184B
$7.57M 4.74%
145,000
– –
AXTA icon
12
Axalta
AXTA
$7.58B
$4.17M 2.61%
138,000
– –
BRK.A icon
13
Berkshire Hathaway Class A
BRK.A
$1.1T
$2.99M 1.87%
10
– –
ULTA icon
14
Ulta Beauty
ULTA
$21.6B
$1.02M 0.64%
+5,000
New +$1.08M
BAC icon
15
Bank of America
BAC
$439B
– –
-401,600
Closed -$11.9M
BAC.WS.A
16
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
– –
-431,080
Closed -$7.57M
MON
17
DELISTED
Monsanto Co
MON
– –
-50,396
Closed -$5.88M

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Courant Investment Management's Q1 2018 Portfolio in Review

As of Q1 2018, Courant Investment Management held 17 positions worth $160M, up 1% from $158M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Courant Investment Management deployed $8.1M of net new capital in Q1 2018, opening 3 new positions and adding to 2 existing holdings. Its largest new stake was CarMax: 229,565 shares worth $14.2M.

By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 40% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the most notable exit was Bank of America, an estimated $11.9M sold.

  • Courant Investment Management's largest Q1 2018 buy was CarMax: 229,565 shares worth $14.2M.
  • Courant Investment Management added most to Bread Financial in Q1 2018, an estimated $5.14M increase.
  • Courant Investment Management fully exited Bank of America in Q1 2018, selling an estimated $11.9M.
  • Courant Investment Management's ten largest holdings make up 90% of its $160M portfolio in Q1 2018.
  • Courant Investment Management opened 3 new positions and closed 3 in Q1 2018.
  • Courant Investment Management's portfolio value rose 1% quarter-over-quarter to $160M.

Based on Courant Investment Management's 13F filing for Q1 2018, filed 20 Apr 2018.