Steven Check Check Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$12.9M |
| 2 |
Markel Group
MKL
|
+$12M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$3.56M |
| 4 |
Aflac
AFL
|
+$2.25M |
| 5 |
IBM
IBM
|
+$2.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$19M |
| 2 |
Johnson & Johnson
JNJ
|
+$4.26M |
| 3 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$1.94M |
| 4 |
McDonald's
MCD
|
+$664K |
| 5 |
Synaptics
SYNA
|
+$366K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.77% |
| 2 | Technology | 18.8% |
| 3 | Healthcare | 10.12% |
| 4 | Consumer Staples | 5.32% |
| 5 | Consumer Discretionary | 3.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Accenture
ACN
$113B
| $1.63M | 0.16% |
20,200
+16,800
| +494% | +$1.35M |
|
27
Coca-Cola
KO
$392B
| $994K | 0.1% |
23,467
+3,502
| +18% | +$142K |
|
|
ESV
28
DELISTED
Ensco Rowan plc
ESV
| $812K | 0.08% |
3,655
+625
| +21% | +$129K |
|
29
Methode Electronics
MEI
$507M
| $760K | 0.08% |
19,900
| – | – |
|
30
Corning
GLW
$129B
| $668K | 0.07% |
30,444
| – | – |
|
31
Microsoft
MSFT
$3.59T
| $620K | 0.06% |
14,862
+294
| +2% | +$11.9K |
|
|
RKT
32
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $549K | 0.05% |
10,400
+800
| +8% | +$40.3K |
|
33
ConocoPhillips
COP
$162B
| $540K | 0.05% |
6,300
-2,000
| -24% | -$156K |
|
34
Halliburton
HAL
$29.4B
| $479K | 0.05% |
6,751
| – | – |
|
35
UnitedHealth
UNH
$350B
| $474K | 0.05% |
5,800
-600
| -9% | -$47.2K |
|
36
Capital One
COF
$134B
| $471K | 0.05% |
5,700
| – | – |
|
37
Cisco
CSCO
$438B
| $447K | 0.04% |
18,004
+904
| +5% | +$21.5K |
|
38
AT&T
T
$173B
| $441K | 0.04% |
16,513
+221
| +1% | +$5.92K |
|
39
Ingredion
INGR
$6.74B
| $439K | 0.04% |
+5,855
| New | +$426K |
|
40
Alphabet (Google) Class C
GOOG
$4.18T
| $430K | 0.04% |
+14,881
| New | +$404K |
|
41
ProShares Short S&P500
SH
$862M
| $416K | 0.04% |
2,225
| – | – |
|
42
Procter & Gamble
PG
$336B
| $362K | 0.04% |
4,602
-707
| -13% | -$57K |
|
43
NOV
NOV
$7.28B
| $351K | 0.03% |
4,260
-464
| -10% | -$34.6K |
|
|
BRCM
44
DELISTED
BROADCOM CORP CL-A
BRCM
| $308K | 0.03% |
8,300
| – | – |
|
|
SUNE
45
DELISTED
SUNEDISON, INC COM
SUNE
| $306K | 0.03% |
13,523
-4,063
| -23% | -$78.9K |
|
46
F5
FFIV
$21.8B
| $301K | 0.03% |
2,700
-70
| -3% | -$7.53K |
|
47
Travelers Companies
TRV
$75.8B
| $290K | 0.03% |
3,082
-168
| -5% | -$15.3K |
|
48
CSX Corp
CSX
$95.6B
| $278K | 0.03% |
27,093
| – | – |
|
49
ExxonMobil
XOM
$679B
| $276K | 0.03% |
2,746
+169
| +7% | +$17K |
|
50
PepsiCo
PEP
$196B
| $267K | 0.03% |
2,985
-3,200
| -52% | -$276K |
|
Similar funds
Steven Check's Q2 2014 Portfolio in Review
As of Q2 2014, Steven Check held 63 positions worth $1.01B, up 4.1% from $973M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Steven Check's Q2 2014 filing shows 7 new, 24 increased, 18 reduced and 4 closed positions. Its largest new stake was Markel Group: 19,017 shares worth $12.5M. The largest sale was Wells Fargo, an estimated $19M.
By sector, the portfolio is most concentrated in Financials at 40% of assets, down from 41% a quarter earlier, followed by Technology and Healthcare.
- Steven Check's largest Q2 2014 buy was Markel Group: 19,017 shares worth $12.5M.
- Steven Check added most to Verizon in Q2 2014, an estimated $12.9M increase.
- Steven Check's biggest Q2 2014 reduction was Wells Fargo, cutting an estimated $19M.
- Steven Check fully exited Synaptics in Q2 2014, selling an estimated $366K.
- Steven Check's ten largest holdings make up 77% of its $1.01B portfolio in Q2 2014.
- Steven Check opened 7 new positions and closed 4 in Q2 2014.
- Steven Check's portfolio value rose 4.1% quarter-over-quarter to $1.01B.
Based on Check Capital Management's 13F filing for Q2 2014, filed 18 Jul 2014.