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 |
Advance Auto Parts
AAP
|
+$27.9M |
| 2 |
Oshkosh
OSK
|
+$26.7M |
| 3 |
Hyatt Hotels
H
|
+$17.5M |
| 4 |
Walt Disney
DIS
|
+$1.57M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$474K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$10.8M |
| 2 |
Brookfield
BN
|
+$7.1M |
| 3 |
CarMax
KMX
|
+$3.42M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$3.42M |
| 5 |
T. Rowe Price
TROW
|
+$2.65M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.43% |
| 2 | Consumer Discretionary | 8.23% |
| 3 | Industrials | 4.14% |
| 4 | Communication Services | 3.57% |
| 5 | Consumer Staples | 1.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Trupanion
TRUP
$1.36B
| $760K | 0.05% |
29,190
+1,000
| +4% | +$31.3K |
|
27
Biglari Holdings Class A
BH.A
$1.24B
| $394K | 0.03% |
1,326
+35
| +3% | +$19.1K |
|
28
AB InBev
BUD
$155B
| $379K | 0.03% |
8,600
-1,700
| -17% | -$111K |
|
|
29
iShares Russell 2000 ETF
IWM
$81.9B
| $364K | 0.02% |
+3,180
| New | +$474K |
|
30
Goldman Sachs
GS
$303B
| $360K | 0.02% |
2,330
-200
| -8% | -$42.5K |
|
31
Qualcomm
QCOM
$169B
| $310K | 0.02% |
4,580
-500
| -10% | -$41K |
|
32
iShares Future Exponential Technologies ETF
XT
$3.97B
| $292K | 0.02% |
8,200
-2,000
| -20% | -$81.7K |
|
33
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $276K | 0.02% |
+1,050
| New | +$356K |
|
34
Caterpillar
CAT
$381B
| $245K | 0.02% |
2,110
-60
| -3% | -$7.66K |
|
35
Bank of America
BAC
$431B
| $244K | 0.02% |
11,510
+104
| +0.9% | +$3.12K |
|
36
Fastenal
FAST
$58.8B
| $244K | 0.02% |
15,620
| – | – |
|
37
Amazon
AMZN
$2.79T
| $228K | 0.02% |
2,340
+40
| +2% | +$3.87K |
|
38
Johnson & Johnson
JNJ
$651B
| $226K | 0.01% |
1,720
-6,080
| -78% | -$863K |
|
39
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $206K | 0.01% |
800
-605
| -43% | -$185K |
|
40
AutoNation
AN
$6.6B
| – | – |
-14,580
| Closed | -$709K |
|
41
Bausch Health
BHC
$2.41B
| – | – |
-7,984
| Closed | -$239K |
|
42
Citigroup
C
$221B
| – | – |
-3,900
| Closed | -$312K |
|
43
Citizens Financial Group
CFG
$29.4B
| – | – |
-7,300
| Closed | -$296K |
|
44
Capital One
COF
$134B
| – | – |
-2,400
| Closed | -$247K |
|
45
ConocoPhillips
COP
$162B
| – | – |
-3,404
| Closed | -$221K |
|
46
Chevron
CVX
$403B
| – | – |
-2,627
| Closed | -$317K |
|
47
Pembina Pipeline
PBA
$28.3B
| – | – |
-6,900
| Closed | -$256K |
|
48
Spectrum Brands
SPB
$2B
| – | – |
-27,379
| Closed | -$1.76M |
|
49
Winnebago Industries
WGO
$898M
| – | – |
-4,900
| Closed | -$260K |
|
Similar funds
Steven Check's Q1 2020 Portfolio in Review
As of Q1 2020, Steven Check held 52 positions worth $1.52B, down 27% from $2.08B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Steven Check's Q1 2020 filing shows 5 new, 8 increased, 26 reduced and 11 closed positions. Its largest new stake was Advance Auto Parts: 215,305 shares worth $20.1M. The largest sale was Berkshire Hathaway Class A, an estimated $10.8M.
By sector, the portfolio is most concentrated in Financials at 31% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Steven Check's largest Q1 2020 buy was Advance Auto Parts: 215,305 shares worth $20.1M.
- Steven Check added most to Walt Disney in Q1 2020, an estimated $1.57M increase.
- Steven Check's biggest Q1 2020 reduction was Berkshire Hathaway Class A, cutting an estimated $10.8M.
- Steven Check fully exited Spectrum Brands in Q1 2020, selling an estimated $1.76M.
- Steven Check's ten largest holdings make up 86% of its $1.52B portfolio in Q1 2020.
- Steven Check opened 5 new positions and closed 11 in Q1 2020.
- Steven Check's portfolio value fell 27% quarter-over-quarter to $1.52B.
Based on Check Capital Management's 13F filing for Q1 2020, filed 6 May 2020.