" Goosehead Insurance, Inc (NASDAQ:GSHD) operates as a personal line insurance brokerage, pioneering a disruptive business model and swiftly seizing market share from conventional independent and captive broker models. Underperformance during the period was not fundamentally driven. Still, it was a giveback of some of the solid performance the company had delivered through three quarters, up more than 115% on the year. The company continues to deliver results ahead of expectations, underpinned by compelling pricing, enhanced agent productivity, and improved margins. We are particularly impressed by the company's adept execution and its capacity to achieve substantial cost efficiencies, which we believe are sustainable in the long term."