Covey Capital Advisors, LLC

Covey Capital provides discretionary investment advisory services to individuals (including high‑net‑worth clients), family partnerships, foundations, charitable organizations and, notably, other investment adviser clients. Services are delivered primarily through separately managed accounts and retirement‑plan advice, with the firm working with each client to develop a Financial Profile and an Investment Plan that are reviewed periodically.

The firm’s investment approach emphasizes fundamental research and intrinsic‑value analysis, seeking securities that it believes trade below their intrinsic value to provide a margin of safety; portfolios may include individual equities, ETFs, fixed‑income instruments, pooled funds and foreign securities. Covey executes trades through custodial platforms it recommends (including Schwab’s institutional services), may aggregate block trades across client accounts, and manages portfolios on a discretionary basis under written agreements.

Covey manages $156,459,403 in discretionary assets for a relatively small client base (28 clients) and generally requires a $1,000,000 minimum, producing a concentrated roster of high‑dollar accounts. The firm’s acceptance of charitable organizations and other investment adviser clients—both uncommon among independent advisers—along with its documented policies on proxy voting, personal trading oversight and use of Schwab institutional benefits, are distinguishing operational features.