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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
-0.79%
1 Year Est. Return
-14.55%
3 Year Est. Return
+33.53%
5 Year Est. Return
+34.8%
10 Year Est. Return
–
AUM
$127M
AUM Growth
+$3M
Cap. Flow
+$5.27M
Cap. Flow %
4.16%
Top 10 Hldgs %
100%
Holding
9
New
1
Increased
–
Reduced
–
Closed
2

Top Buys

Rank Stock Value
1
FISV
Fiserv Inc
FISV
+$12.2M

Top Sells

Rank Stock Value
1
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$4.37M
2
DE icon
Deere & Co
DE
+$2.54M

Sector Composition

Rank Sector Weight
1 Financials 61.32%
2 Consumer Discretionary 30.02%
3 Technology 8.66%
4 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPM icon
1
JPMorgan Chase
JPM
$933B
$29.9M 23.66%
94,897
– –
PGR icon
2
Progressive
PGR
$124B
$28.7M 22.68%
116,170
– –
SCHW
3
Charles Schwab
SCHW
$181B
$19M 14.98%
198,499
– –
ULTA icon
4
Ulta Beauty
ULTA
$22.2B
$14.3M 11.31%
26,173
– –
LOW icon
5
Lowe's Companies
LOW
$118B
$12.6M 9.93%
50,000
– –
KMX icon
6
CarMax
KMX
$8.33B
$11.1M 8.78%
247,520
– –
FISV
7
Fiserv Inc
FISV
$28.8B
$11M 8.66%
+85,000
New +$12.2M
BRK.A icon
8
Berkshire Hathaway Class A
BRK.A
$1.1T
– –
-6
Closed -$4.37M
DE icon
9
Deere & Co
DE
$162B
– –
-5,000
Closed -$2.54M

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Courant Investment Management's Q3 2025 Portfolio in Review

As of Q3 2025, Courant Investment Management held 9 positions worth $127M, up 2.4% from $124M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Courant Investment Management deployed $5.27M of net new capital in Q3 2025, opening 1 new position. Its largest new stake was Fiserv Inc: 85,000 shares worth $11M.

By sector, the portfolio is most concentrated in Financials at 61% of assets, down from 66% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the most notable exit was Berkshire Hathaway Class A, an estimated $4.37M sold.

  • Courant Investment Management's largest Q3 2025 buy was Fiserv Inc: 85,000 shares worth $11M.
  • Courant Investment Management fully exited Berkshire Hathaway Class A in Q3 2025, selling an estimated $4.37M.
  • Courant Investment Management's ten largest holdings make up 100% of its $127M portfolio in Q3 2025.
  • Courant Investment Management opened 1 new position and closed 2 in Q3 2025.
  • Courant Investment Management's portfolio value rose 2.4% quarter-over-quarter to $127M.

Based on Courant Investment Management's 13F filing for Q3 2025, filed 30 Oct 2025.