Courant Investment Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Courant Investment Management LLC reported 7 stock positions worth $126.5 million. Its top holding was JPMorgan Chase (JPM) at 23.7% of the portfolio, followed by Progressive (PGR, 22.7%) and Schwab (charles) (SCHW, 15.0%). Compared with Q2 2025, it opened 1 new position and sold out of 2. The biggest buy was a new position in Fiserv (FISV) and the biggest sale an exit from Berkshire Hathaway Class A (BRK.A).
- Most Recent 13F
- Q2 2026
- Location
- FRANKLIN, TN
- CIK
- 0001695426
- Portfolio Value
- $126.5M (Q3 2025)
- SEC Filing
- 0001398344-25-020034 ↗ filed Oct 30, 2025
Holdings Value
Holdings 7 stocks · $126.5M
| JPM JPMorgan Chase & Co. | 23.66% | 94,897 | $29.9M | No change |
| PGR Progressive Corp. | 22.68% | 116,170 | $28.7M | No change |
| SCHW Schwab (charles) Corp. | 14.98% | 198,499 | $19.0M | No change |
| ULTA Ulta Beauty Inc. | 11.31% | 26,173 | $14.3M | No change |
| LOW Lowe's Cos Inc. | 9.93% | 50,000 | $12.6M | No change |
| KMX Carmax Inc. | 8.78% | 247,520 | $11.1M | No change |
| FISV Fiserv Inc. | 8.66% | 85,000 | $11.0M | New |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
| FISV Fiserv Inc. | New | 8.66% | +8.66 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $103.0M | PGR, JPM, SCHW, LOW, ULTA |
| Q1 2026 | 7 | $102.4M | PGR, JPM, SCHW, LOW, ULTA |
| Q4 2025 | 6 | $110.6M | JPM, PGR, SCHW, ULTA, FISV |
| Q3 2025 | 7 | $126.5M | JPM, PGR, SCHW, ULTA, LOW |
| Q2 2025 | 8 | $123.5M | PGR, JPM, SCHW, KMX, ULTA |
| Q1 2025 | 8 | $119.4M | PGR, JPM, KMX, SCHW, LOW |
| Q4 2024 | 8 | $118.2M | PGR, JPM, KMX, SCHW, LOW |
| Q3 2024 | 9 | $119.0M | PGR, JPM, KMX, LOW, SCHW |
| Q2 2024 | 9 | $106.6M | PGR, JPM, KMX, SCHW, LOW |
| Q1 2024 | 9 | $120.3M | PGR, JPM, KMX, SCHW, LOW |