Courant Investment Management 13F annual report

Courant Investment Management is an investment fund managing more than $107 billion ran by Claude Leveille. There are currently 9 companies in Mr. Leveille’s portfolio. The largest investments include Progressive Corp Com and Jpmorgan Chase &co. Com, together worth $47.3 billion.

$107 billion Assets Under Management (AUM)

As of 10th July 2024, Courant Investment Management’s top holding is 116,170 shares of Progressive Corp Com currently worth over $24.1 billion and making up 22.6% of the portfolio value. In addition, the fund holds 114,592 shares of Jpmorgan Chase &co. Com worth $23.2 billion. The third-largest holding is Carmax Inc worth $18.2 billion and the next is Schwab Charles Corp Com worth $14.6 billion, with 198,499 shares owned.

Currently, Courant Investment Management's portfolio is worth at least $107 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Courant Investment Management

The Courant Investment Management office and employees reside in Franklin, Tennessee. According to the last 13-F report filed with the SEC, Claude Leveille serves as the Managing Member at Courant Investment Management.

Recent trades

In the most recent 13F filing, Courant Investment Management revealed that it had opened a new position in Ulta Beauty Inc and bought 11,000 shares worth $4.24 billion.

On the other hand, there are companies that Courant Investment Management is getting rid of from its portfolio. Courant Investment Management closed its position in Berkshire Hathaway on 17th July 2024. It sold the previously owned 26,872 shares for $11.3 billion. Claude Leveille also disclosed a decreased stake in Progressive Corp Com by approximately 0.1%. This leaves the value of the investment at $24.1 billion and 116,170 shares.

One of the smallest hedge funds

The two most similar investment funds to Courant Investment Management are Mosley Wealth Management and Muirfield Wealth Advisors. They manage $107 billion and $107 billion respectively.

Claude Leveille investment strategy

Courant Investment Management’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 21.0% of the total portfolio value. The fund focuses on investments in the United States as 55.6% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 44% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $169 billion.

The complete list of Courant Investment Management trades based on 13F SEC filings

These positions were updated on July 17th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Progressive Corp Com	8.62% 116,170	$24,129,671,000	22.65%
Jpmorgan Chase &co. Com	No change 114,592	$23,177,378,000	21.75%
Carmax Inc	No change 247,520	$18,153,117,000	17.04%
Schwab Charles Corp Com	No change 198,499	$14,627,391,000	13.73%
Berkshire Hathaway Inc.	Closed 26,872	$11,300,213,000
Lowes Companies Inc Com Usd0.50	No change 50,000	$11,023,000,000	10.34%
Berkshire Hathaway Inc.	No change 10	$6,122,410,000	5.75%
Ulta Beauty Inc	Opened 11,000	$4,244,570,000	3.98%
Bread Financial Holdings Inc	No change 72,000	$3,208,320,000	3.01%
Deere & Co.	No change 5,000	$1,868,150,000	1.75%
No transactions found
Showing first 500 out of 10 holdings