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 |
US Bancorp
USB
|
+$35.8M |
| 2 |
LKQ Corp
LKQ
|
+$15.9M |
| 3 |
Spectrum Brands
SPB
|
+$11M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$7.77M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$6.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chipotle Mexican Grill
CMG
|
+$50.7M |
| 2 |
Suncor Energy
SU
|
+$8.63M |
| 3 |
Phillips 66
PSX
|
+$2.24M |
| 4 |
Labcorp
LH
|
+$1.32M |
| 5 |
IBM
IBM
|
+$1.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.13% |
| 2 | Consumer Discretionary | 12.89% |
| 3 | Consumer Staples | 5.33% |
| 4 | Healthcare | 4.89% |
| 5 | Technology | 4.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Fastenal
FAST
$58.8B
| $3.26M | 0.17% |
270,916
-41,800
| -13% | -$541K |
|
27
Johnson & Johnson
JNJ
$651B
| $2.08M | 0.11% |
17,100
+14,127
| +475% | +$1.76M |
|
28
Walt Disney
DIS
$186B
| $2.07M | 0.11% |
19,715
-720
| -4% | -$73.6K |
|
29
Apple
AAPL
$4.51T
| $1.75M | 0.09% |
37,740
+444
| +1% | +$20.1K |
|
|
30
Phillips 66
PSX
$96.9B
| $1.27M | 0.07% |
11,311
-19,893
| -64% | -$2.24M |
|
31
Biglari Holdings Class A
BH.A
$1.24B
| $839K | 0.04% |
+883
| New | +$881K |
|
|
32
Chipotle Mexican Grill
CMG
$46.7B
| $817K | 0.04% |
94,750
-6,200,100
| -98% | -$50.7M |
|
33
Microsoft
MSFT
$3.59T
| $713K | 0.04% |
7,231
-528
| -7% | -$51.2K |
|
34
Markel Group
MKL
$22.2B
| $659K | 0.03% |
608
-2
| -0.3% | -$2.26K |
|
35
Alphabet (Google) Class C
GOOG
$4.18T
| $621K | 0.03% |
+11,000
| New | +$594K |
|
|
36
Labcorp
LH
$27.3B
| $589K | 0.03% |
3,820
-8,742
| -70% | -$1.32M |
|
37
Amgen
AMGN
$238B
| $569K | 0.03% |
3,080
| – | – |
|
38
Goldman Sachs
GS
$303B
| $507K | 0.03% |
2,300
| – | – |
|
39
iShares Future Exponential Technologies ETF
XT
$3.97B
| $438K | 0.02% |
12,100
| – | – |
|
40
Chevron
CVX
$403B
| $395K | 0.02% |
3,127
| – | – |
|
41
Trupanion
TRUP
$1.36B
| $382K | 0.02% |
9,900
+3,200
| +48% | +$99.4K |
|
42
Winnebago Industries
WGO
$898M
| $353K | 0.02% |
8,700
| – | – |
|
43
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $343K | 0.02% |
1,264
-614
| -33% | -$166K |
|
44
Citizens Financial Group
CFG
$29.4B
| $342K | 0.02% |
8,800
| – | – |
|
45
Bank of America
BAC
$431B
| $302K | 0.02% |
10,713
+2
| +0% | +$60 |
|
|
JEF
46
DELISTED
JEFFERIES GROUP INC(NEW)
JEF
| $295K | 0.02% |
+12,964
| New | +$295K |
|
47
Halliburton
HAL
$29.4B
| $282K | 0.01% |
6,251
-3,077
| -33% | -$153K |
|
48
Bath & Body Works
BBWI
$3.92B
| $281K | 0.01% |
9,414
-494
| -5% | -$14.3K |
|
49
Citigroup
C
$221B
| $261K | 0.01% |
3,900
| – | – |
|
50
Caterpillar
CAT
$381B
| $259K | 0.01% |
1,910
| – | – |
|
Similar funds
Steven Check's Q2 2018 Portfolio in Review
As of Q2 2018, Steven Check held 63 positions worth $1.89B, up 0.72% from $1.88B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Steven Check's Q2 2018 filing shows 3 new, 16 increased, 25 reduced and 4 closed positions. Its largest new stake was Biglari Holdings Class A: 883 shares worth $839K. The largest sale was Chipotle Mexican Grill, an estimated $50.7M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Steven Check's largest Q2 2018 buy was Biglari Holdings Class A: 883 shares worth $839K.
- Steven Check added most to US Bancorp in Q2 2018, an estimated $35.8M increase.
- Steven Check's biggest Q2 2018 reduction was Chipotle Mexican Grill, cutting an estimated $50.7M.
- Steven Check fully exited Biglari Holdings Class B in Q2 2018, selling an estimated $1.05M.
- Steven Check's ten largest holdings make up 69% of its $1.89B portfolio in Q2 2018.
- Steven Check opened 3 new positions and closed 4 in Q2 2018.
- Steven Check's portfolio value rose 0.72% quarter-over-quarter to $1.89B.
Based on Check Capital Management's 13F filing for Q2 2018, filed 26 Jul 2018.