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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 | |
|---|---|---|---|---|---|---|---|
26
Trupanion
TRUP
$1.23B
| $993K | 0.01% |
40,075
-620
| -2% | -$15.1K |
2018 Q1
33 quarters
|
|
|
27
Tesla
TSLA
$1.4T
| $988K | 0.01% |
2,350
-150
| -6% | -$59.7K |
2023 Q1
13 quarters
|
|
28
iShares Future Exponential Technologies ETF
XT
$3.91B
| $727K | 0.01% |
8,800
| – | – |
2017 Q3
35 quarters
|
|
29
State Street SPDR S&P 500 ETF Trust
SPY
$806B
| $721K | 0.01% |
965
| – | – |
2017 Q2
36 quarters
|
|
30
Bank of America
BAC
$358B
| $686K | 0.01% |
12,038
+6
| +0% | +$319 |
2014 Q3
47 quarters
|
|
31
RTX Corp
RTX
$261B
| $662K | 0.01% |
3,489
| – | – |
2023 Q3
11 quarters
|
|
32
NVIDIA
NVDA
$5.17T
| $616K | 0.01% |
3,077
+960
| +45% | +$197K |
2024 Q4
6 quarters
|
|
33
Brookfield Asset Management
BAM
$72.4B
| $589K | 0.01% |
13,129
+175
| +1% | +$8.26K |
2022 Q4
14 quarters
|
|
|
34
UnitedHealth
UNH
$360B
| $466K | 0.01% |
1,122
-110
| -9% | -$40.8K |
2025 Q3
3 quarters
|
|
35
Biglari Holdings Class B
BH
$1.38B
| $412K | 0.01% |
967
| – | – |
2024 Q1
9 quarters
|
|
36
Fastenal
FAST
$58.5B
| $380K | 0.01% |
7,920
| – | – |
2014 Q3
47 quarters
|
|
37
Wells Fargo
WFC
$252B
| $370K | ﹤0.01% |
4,483
+70
| +2% | +$5.62K |
2013 Q2
52 quarters
|
|
38
Uber
UBER
$144B
| $351K | ﹤0.01% |
4,865
+5
| +0.1% | +$367 |
2023 Q2
12 quarters
|
|
39
Schwab US Large-Cap Growth ETF
SCHG
$62.8B
| $332K | ﹤0.01% |
9,800
| – | – |
2023 Q4
10 quarters
|
|
40
JPMorgan Chase
JPM
$902B
| $313K | ﹤0.01% |
957
+1
| +0.1% | +$311 |
2024 Q4
6 quarters
|
|
41
Boeing
BA
$150B
| $313K | ﹤0.01% |
1,445
| – | – |
2024 Q4
6 quarters
|
|
42
FedEx
FDX
$69.5B
| $301K | ﹤0.01% |
961
-32
| -3% | -$11.6K |
2015 Q4
42 quarters
|
|
43
Illinois Tool Works
ITW
$77.5B
| $298K | ﹤0.01% |
1,100
| – | – |
2022 Q4
14 quarters
|
|
44
Quest Diagnostics
DGX
$25.9B
| $276K | ﹤0.01% |
1,300
| – | – |
2020 Q3
23 quarters
|
|
45
Citizens Financial Group
CFG
$26.7B
| $266K | ﹤0.01% |
3,800
| – | – |
2025 Q3
3 quarters
|
|
46
Freeport-McMoran
FCX
$100B
| $244K | ﹤0.01% |
+3,881
| New | +$249K |
2026 Q2
0 quarters
|
|
47
Hudbay
HBM
$10.5B
| $235K | ﹤0.01% |
+9,940
| New | +$251K |
2026 Q2
0 quarters
|
|
48
Lam Research
LRCX
$330B
| $217K | ﹤0.01% |
+500
| New | +$152K |
2026 Q2
0 quarters
|
|
|
TGB
49
Trekor Metals
TGB
$2.92B
| $216K | ﹤0.01% |
+31,350
| New | +$224K |
2026 Q2
0 quarters
|
|
50
Chevron
CVX
$441B
| $207K | ﹤0.01% |
1,250
-100
| -7% | -$18.6K |
2025 Q3
3 quarters
|
|
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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.