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 |
Wayfair
W
|
+$18.1M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$4M |
| 3 |
Edwards Lifesciences
EW
|
+$205K |
| 4 |
Verizon
VZ
|
+$197K |
| 5 |
Markel Group
MKL
|
+$88.8K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ingredion
INGR
|
+$20.7M |
| 2 |
Wells Fargo
WFC
|
+$1.78M |
| 3 |
Walt Disney
DIS
|
+$1.03M |
| 4 |
Brookfield
BN
|
+$1.02M |
| 5 |
FedEx
FDX
|
+$953K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.67% |
| 2 | Consumer Discretionary | 11.62% |
| 3 | Communication Services | 4.58% |
| 4 | Industrials | 4.47% |
| 5 | Energy | 1.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Ingredion
INGR
$6.74B
| $1.16M | 0.05% |
13,037
-235,459
| -95% | -$20.7M |
|
27
Amgen
AMGN
$238B
| $802K | 0.04% |
3,770
| – | – |
|
28
US Bancorp
USB
$96.7B
| $564K | 0.03% |
9,485
-2,700
| -22% | -$154K |
|
29
Goldman Sachs
GS
$303B
| $503K | 0.02% |
1,330
| – | – |
|
30
iShares Future Exponential Technologies ETF
XT
$3.97B
| $464K | 0.02% |
7,400
| – | – |
|
31
Tesla
TSLA
$1.43T
| $389K | 0.02% |
1,503
| – | – |
|
32
Amazon
AMZN
$2.79T
| $368K | 0.02% |
2,240
| – | – |
|
33
Fastenal
FAST
$58.8B
| $349K | 0.02% |
13,520
| – | – |
|
34
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $343K | 0.02% |
800
| – | – |
|
35
Caterpillar
CAT
$381B
| $336K | 0.02% |
1,750
| – | – |
|
36
Citigroup
C
$221B
| $284K | 0.01% |
4,048
+3
| +0.1% | +$210 |
|
37
Alibaba
BABA
$286B
| $251K | 0.01% |
1,695
+330
| +24% | +$60K |
|
38
Capital One
COF
$134B
| $243K | 0.01% |
1,500
| – | – |
|
39
ConocoPhillips
COP
$162B
| $231K | 0.01% |
3,404
| – | – |
|
40
Illinois Tool Works
ITW
$80.4B
| $227K | 0.01% |
1,100
| – | – |
|
41
Chevron
CVX
$403B
| $226K | 0.01% |
2,227
| – | – |
|
42
Citizens Financial Group
CFG
$29.4B
| $221K | 0.01% |
4,700
| – | – |
|
43
Qualcomm
QCOM
$169B
| $211K | 0.01% |
1,635
| – | – |
|
44
GE Aerospace
GE
$361B
| $205K | 0.01% |
3,199
+108
| +3% | +$6.94K |
|
|
45
Edwards Lifesciences
EW
$51.8B
| $204K | 0.01% |
+1,800
| New | +$205K |
|
46
Boise Cascade
BCC
$2.88B
| – | – |
-4,000
| Closed | -$233K |
|
47
AB InBev
BUD
$155B
| – | – |
-3,600
| Closed | -$259K |
|
48
Corning
GLW
$129B
| – | – |
-5,100
| Closed | -$209K |
|
49
Johnson & Johnson
JNJ
$651B
| – | – |
-2,120
| Closed | -$349K |
|
Similar funds
Steven Check's Q3 2021 Portfolio in Review
As of Q3 2021, Steven Check held 52 positions worth $2.15B, down 2.8% from $2.21B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Steven Check's Q3 2021 filing shows 1 new, 11 increased, 17 reduced and 4 closed positions. Its largest new stake was Edwards Lifesciences: 1,800 shares worth $204K. The largest sale was Ingredion, an estimated $20.7M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Steven Check's largest Q3 2021 buy was Edwards Lifesciences: 1,800 shares worth $204K.
- Steven Check added most to Wayfair in Q3 2021, an estimated $18.1M increase.
- Steven Check's biggest Q3 2021 reduction was Ingredion, cutting an estimated $20.7M.
- Steven Check fully exited Johnson & Johnson in Q3 2021, selling an estimated $349K.
- Steven Check's ten largest holdings make up 87% of its $2.15B portfolio in Q3 2021.
- Steven Check opened 1 new position and closed 4 in Q3 2021.
- Steven Check's portfolio value fell 2.8% quarter-over-quarter to $2.15B.
Based on Check Capital Management's 13F filing for Q3 2021, filed 9 Nov 2021.