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Steven Check Check Capital Management
AUM
$7.52B
Turnover
12.96%
1-Year Est. Return
15.3%
Steven Check is the founder of Check Capital Management, a value-oriented firm known for research-driven equity portfolios and a long-term client focus. The firm often emphasizes understandable businesses purchased with a margin of safety. Check’s public commentary and portfolio disclosures appeal to investors who prefer classical value frameworks.
This Fund
S&P 500
This Quarter Est. Return
+8.27%
1 Year Est. Return
+15.3%
3 Year Est. Return
+66.62%
5 Year Est. Return
+84.34%
10 Year Est. Return
+232.1%
AUM
$7.52B
AUM Growth
+$4.09B
(+119%)
Cap. Flow
+$1.72B
Cap. Flow % of AUM
Cap. Flow %
22.86%
Top 10 Holdings %
Top 10 Hldgs %
94.22%
Holding
54
New
5
Increased
25
Reduced
6
Closed
2
Avg Time Held
Equity + Options
5.7
years
Top 10 Avg Time Held
Equity + Options
6
years
Top 20 Avg Time Held
Equity + Options
5
years
Avg Time Held Equity only
5.6
years
Top 10 Avg Time Held Equity only
5
years
Top 20 Avg Time Held Equity only
4.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$543M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$231M |
| 3 |
Brookfield
BN
|
+$198M |
| 4 |
Markel Group
MKL
|
+$152M |
| 5 |
AerCap
AER
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ConocoPhillips
COP
|
+$334K |
| 2 |
Verizon
VZ
|
+$241K |
| 3 |
Tesla
TSLA
|
+$59.7K |
| 4 |
UnitedHealth
UNH
|
+$40.8K |
| 5 |
Biglari Holdings Class A
BH.A
|
+$26.2K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 54.74% |
| 2 | Financials | 28.06% |
| 3 | Communication Services | 9.74% |
| 4 | Industrials | 3.21% |
| 5 | Consumer Discretionary | 3.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.14T
| $4.02B | 53.44% |
8,034,800
+4,249,100
| +112% | +$2.04B |
2013 Q2
52 quarters
|
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.14T
| $1.12B | 14.88% |
2,238,150
+1,129,760
| +102% | +$543M |
2013 Q2
52 quarters
|
|
|
3
Alphabet (Google) Class C
GOOG
$4.12T
| $473M | 6.29% |
1,339,227
+645,145
| +93% | +$231M |
2019 Q2
28 quarters
|
|
|
4
Brookfield
BN
$81.7B
| $376M | 4.99% |
8,818,342
+4,438,404
| +101% | +$198M |
2017 Q4
34 quarters
|
|
|
5
Markel Group
MKL
$22.9B
| $309M | 4.11% |
158,418
+81,532
| +106% | +$152M |
2014 Q2
48 quarters
|
|
|
6
AerCap
AER
$22.9B
| $236M | 3.13% |
1,615,734
+798,079
| +98% | +$113M |
2021 Q1
21 quarters
|
|
7
First Citizens BancShares
FCNCA
$24B
| $185M | 2.45% |
88,710
+44,642
| +101% | +$89.5M |
2023 Q2
12 quarters
|
|
8
SiriusXM
SIRI
$9.09B
| $173M | 2.3% |
5,855,598
+2,913,003
| +99% | +$78.3M |
2024 Q3
7 quarters
|
|
9
LKQ Corp
LKQ
$5.62B
| $99.3M | 1.32% |
3,772,832
+1,855,726
| +97% | +$51.6M |
2017 Q1
37 quarters
|
|
10
Amazon
AMZN
$2.7T
| $98.2M | 1.31% |
412,114
+208,027
| +102% | +$52.2M |
2019 Q4
26 quarters
|
|
11
Walt Disney
DIS
$191B
| $86.7M | 1.15% |
900,348
+461,815
| +105% | +$47.1M |
2015 Q4
42 quarters
|
|
12
Hershey
HSY
$34.3B
| $72M | 0.96% |
410,544
+218,234
| +113% | +$41.2M |
2024 Q1
9 quarters
|
|
13
Jefferies Financial Group
JEF
$10.3B
| $68.6M | 0.91% |
1,371,820
+691,649
| +102% | +$35.7M |
2025 Q4
2 quarters
|
|
14
Berkshire Hathaway Class A
BRK.A
$1.14T
| $41.9M | 0.56% |
56
+27
| +93% | +$19.5M |
2013 Q2
52 quarters
|
|
15
Wayfair
W
$14.7B
| $31.2M | 0.42% |
338,050
+170,102
| +101% | +$12.5M |
2020 Q2
24 quarters
|
|
16
Apple
AAPL
$5.01T
| $6.78M | 0.09% |
23,439
+366
| +2% | +$105K |
2013 Q2
52 quarters
|
|
|
FFH
17
DELISTED
FAIRFAX FINL HLDGS LTD SUB VTG
FFH
| $6.51M | 0.09% |
3,958
+3,739
| +1,707% | +$6.15M |
2025 Q4
2 quarters
|
|
|
18
Biglari Holdings Class A
BH.A
$1.34B
| $3.29M | 0.04% |
1,562
-16
| -1% | -$26.2K |
2018 Q2
32 quarters
|
|
19
Microsoft
MSFT
$3.93T
| $2.32M | 0.03% |
6,229
+150
| +2% | +$60.7K |
2013 Q2
52 quarters
|
|
20
Caterpillar
CAT
$336B
| $1.83M | 0.02% |
1,717
| – | – |
2018 Q1
33 quarters
|
|
21
Amgen
AMGN
$234B
| $1.41M | 0.02% |
3,885
| – | – |
2015 Q1
45 quarters
|
|
22
Corning
GLW
$114B
| $1.29M | 0.02% |
5,050
| – | – |
2024 Q3
7 quarters
|
|
23
Goldman Sachs
GS
$257B
| $1.24M | 0.02% |
1,230
| – | – |
2016 Q4
38 quarters
|
|
24
GE Aerospace
GE
$326B
| $1.12M | 0.01% |
2,990
| – | – |
2022 Q4
14 quarters
|
|
25
GE Vernova
GEV
$245B
| $1.06M | 0.01% |
901
| – | – |
2024 Q3
7 quarters
|
|
Similar funds
Steven Check's Q2 2026 Portfolio in Review
As of Q2 2026, Steven Check held 54 positions worth $7.52B, up 119% from $3.44B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Steven Check deployed $1.72B of net new capital in Q2 2026, opening 5 new positions and adding to 25 existing holdings. Its largest new stake was Hudbay: 9,940 shares worth $235K.
By sector, the portfolio is most concentrated in Miscellaneous at 55% of assets, up from 54% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Tesla, an estimated $59.7K trimmed.
- Steven Check's largest Q2 2026 buy was Hudbay: 9,940 shares worth $235K.
- Steven Check added most to Berkshire Hathaway Class B in Q2 2026, an estimated $543M increase.
- Steven Check's biggest Q2 2026 reduction was Tesla, cutting an estimated $59.7K.
- Steven Check fully exited ConocoPhillips in Q2 2026, selling an estimated $334K.
- Steven Check's ten largest holdings make up 94% of its $7.52B portfolio in Q2 2026.
- Steven Check opened 5 new positions and closed 2 in Q2 2026.
- Steven Check's portfolio value rose 119% quarter-over-quarter to $7.52B.
Based on Check Capital Management's 13F filing for Q2 2026, filed 3 Aug 2026.