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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
-0.33%
1 Year Est. Return
-14.55%
3 Year Est. Return
+33.53%
5 Year Est. Return
+34.8%
10 Year Est. Return
–
AUM
$151M
AUM Growth
-$11.9M
Cap. Flow
-$10.8M
Cap. Flow %
-7.14%
Top 10 Hldgs %
98.85%
Holding
13
New
1
Increased
4
Reduced
3
Closed
2

Top Buys

Rank Stock Value
1
SCHW
Charles Schwab
SCHW
+$5.45M
2
LUV icon
Southwest Airlines
LUV
+$2.62M
3
MTB icon
M&T Bank
MTB
+$1.73M
4
ST icon
Sensata Technologies
ST
+$653K
5
MHK icon
Mohawk Industries
MHK
+$385K

Top Sells

Rank Stock Value
1
GM.WS.B
General Motors Company
GM.WS.B
+$10.3M
2
LKQ icon
LKQ Corp
LKQ
+$5.44M
3
KMX icon
CarMax
KMX
+$2.52M
4
UNP icon
Union Pacific
UNP
+$2.24M
5
JPM icon
JPMorgan Chase
JPM
+$1.13M

Sector Composition

Rank Sector Weight
1 Financials 51.14%
2 Consumer Discretionary 21.83%
3 Industrials 19.92%
4 Technology 7.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.B icon
1
Berkshire Hathaway Class B
BRK.B
$1.11T
$24.2M 15.97%
116,149
– –
LUV icon
2
Southwest Airlines
LUV
$22.7B
$19.9M 13.14%
368,055
+50,000
+16% +$2.62M
KMX icon
3
CarMax
KMX
$8.36B
$19.8M 13.09%
225,158
-29,407
-12% -$2.52M
JPM icon
4
JPMorgan Chase
JPM
$950B
$19.6M 12.96%
166,592
-10,000
-6% -$1.13M
SCHW
5
Charles Schwab
SCHW
$184B
$19.5M 12.91%
467,000
+135,000
+41% +$5.45M
MHK icon
6
Mohawk Industries
MHK
$7.14B
$13.2M 8.73%
106,500
+3,000
+3% +$385K
ST icon
7
Sensata Technologies
ST
$6.8B
$10.8M 7.12%
215,107
+13,800
+7% +$653K
UNP icon
8
Union Pacific
UNP
$175B
$10.3M 6.78%
63,386
-13,300
-17% -$2.24M
BFH icon
9
Bread Financial
BFH
$4.36B
$9.22M 6.1%
90,216
– –
BRK.A icon
10
Berkshire Hathaway Class A
BRK.A
$1.1T
$3.12M 2.06%
10
– –
MTB icon
11
M&T Bank
MTB
$36.6B
$1.74M 1.15%
+11,000
New +$1.73M
LKQ icon
12
LKQ Corp
LKQ
$6.77B
– –
-204,559
Closed -$5.44M
GM.WS.B
13
DELISTED
General Motors Company
GM.WS.B
– –
-508,231
Closed -$10.3M

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Courant Investment Management's Q3 2019 Portfolio in Review

As of Q3 2019, Courant Investment Management held 13 positions worth $151M, down 7.3% from $163M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Courant Investment Management withdrew a net $10.8M in Q3 2019, closing 2 positions and reducing 3 holdings. Its most notable exit was General Motors Company, an estimated $10.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 51% of assets, up from 44% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Courant Investment Management opened a new position in M&T Bank worth $1.74M.

  • Courant Investment Management's largest Q3 2019 buy was M&T Bank: 11,000 shares worth $1.74M.
  • Courant Investment Management added most to Charles Schwab in Q3 2019, an estimated $5.45M increase.
  • Courant Investment Management's biggest Q3 2019 reduction was CarMax, cutting an estimated $2.52M.
  • Courant Investment Management fully exited General Motors Company in Q3 2019, selling an estimated $10.3M.
  • Courant Investment Management's ten largest holdings make up 99% of its $151M portfolio in Q3 2019.
  • Courant Investment Management opened 1 new position and closed 2 in Q3 2019.
  • Courant Investment Management's portfolio value fell 7.3% quarter-over-quarter to $151M.

Based on Courant Investment Management's 13F filing for Q3 2019, filed 23 Oct 2019.