Courant Investment Management LLC Q3 2023 vs. Q4 2023 13F Holdings Comparison

Progressive Corp, JPMorgan Chase & Co, CarMax Inc, Schwab Charles Corp, Lowes Cos Inc, Berkshire Hathaway Inc Del, and Bread Financial Holdings Inc; these are just a few of the companies that Courant Investment Management LLC has made significant changes to its holdings in.

In the third quarter of 2023, Courant Investment Management LLC held 189,126 shares of Progressive Corp, with a value of $26,345,000. However, in the fourth quarter of the same year, they reduced their holdings to 127,126 shares, with a value of $20,248,000. This represents a decrease of 23.1% in their holdings.

Similarly, with JPMorgan Chase & Co, Courant Investment Management LLC maintained its holdings at 114,592 shares in both the third and fourth quarters of 2023. However, the value of these holdings increased from $16,618,000 to $19,492,000, reflecting a positive change of 17.3%.

Courant Investment Management LLC also kept its holdings of CarMax Inc constant at 247,520 shares throughout the comparison period. The value of these shares increased from $17,507,000 to $18,994,000, indicating a change of 8.5%.

In the case of Schwab Charles Corp, the firm maintained a consistent holding of 198,499 shares in the third and fourth quarters of 2023. The value of these holdings, however, experienced a significant increase from $10,897,000 to $13,656,000, representing a positive change of 25.3%.

One of the most notable changes in Courant Investment Management LLC's holdings is its increased stake in Lowes Cos Inc. In the third quarter of 2023, the firm held 10,000 shares of Lowes Cos Inc, with a value of $2,078,000. However, in the fourth quarter, their holdings increased to 50,000 shares, valued at $11,127,000. This change represents a remarkable 435.4% increase in their holdings.

Berkshire Hathaway Inc Del, both Class B (BRK-B) and Class A (BRK-A) shares, also experienced changes in Courant Investment Management LLC's holdings. While the number of shares held remained constant, the value of the holdings increased slightly. For Class B shares, the value increased from $9,413,000 to $9,584,000, indicating a change of 1.8%. Similarly, for Class A shares, the value increased from $5,314,000 to $5,426,000, reflecting a change of 2.1%.

Lastly, Courant Investment Management LLC reduced its holdings of Bread Financial Holdings Inc. In the third quarter of 2023, they held 72,000 shares, with a value of $2,462,000. However, in the fourth quarter, their holdings decreased to 72,000 shares, valued at $2,371,000. This represents a decrease of 3.7% in their holdings.

One interesting observation from the data is the complete disposal of Courant Investment Management LLC's holdings in Deere & Co in the third quarter of 2023. They held no shares of the company during that period. However, in the fourth quarter, they reentered the market, acquiring 5,000 shares with a value of $1,999,000.

It is important to note that 13F filings provide a glimpse into the investment strategies of institutional investment managers. These regulatory disclosures are submitted quarterly to the Securities and Exchange Commission (SEC) and are required for firms managing portfolios worth over $100 million. The filings include information on the holdings and changes in positions within the portfolio, providing valuable insights to investors and analysts.

Courant Investment Management LLC's Q3 2023 vs. Q4 2023 13F Holdings Comparison showcases the dynamic nature of investment management. The firm actively adjusts its holdings to optimize its portfolio and capitalize on market trends. As an investor or analyst, understanding these changes can assist in making informed decisions and staying updated with the evolving investment landscape.