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 |
Berkshire Hathaway Class B
BRK.B
|
+$68.3M |
| 2 |
Markel Group
MKL
|
+$19.8M |
| 3 |
Brookfield
BN
|
+$9.53M |
| 4 |
CarMax
KMX
|
+$7.5M |
| 5 |
Brookfield Asset Management
BAM
|
+$1.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advance Auto Parts
AAP
|
+$27.3M |
| 2 |
LKQ Corp
LKQ
|
+$1.46M |
| 3 |
Suncor Energy
SU
|
+$841K |
| 4 |
AerCap
AER
|
+$438K |
| 5 |
Wells Fargo
WFC
|
+$231K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.09% |
| 2 | Consumer Discretionary | 5.34% |
| 3 | Industrials | 4.3% |
| 4 | Communication Services | 3.91% |
| 5 | Energy | 2.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Goldman Sachs
GS
$303B
| $402K | 0.02% |
1,230
| – | – |
|
27
Caterpillar
CAT
$381B
| $393K | 0.02% |
1,717
| – | – |
|
28
Fastenal
FAST
$58.8B
| $351K | 0.02% |
13,020
| – | – |
|
29
ConocoPhillips
COP
$162B
| $338K | 0.02% |
3,404
| – | – |
|
30
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $334K | 0.01% |
816
| – | – |
|
31
Tesla
TSLA
$1.43T
| $312K | 0.01% |
+1,503
| New | +$262K |
|
32
GE Aerospace
GE
$361B
| $293K | 0.01% |
3,843
-317
| -8% | -$21.2K |
|
33
Sempra
SRE
$54.2B
| $287K | 0.01% |
+3,798
| New | +$291K |
|
34
Chevron
CVX
$403B
| $275K | 0.01% |
1,687
-10
| -0.6% | -$1.68K |
|
35
Illinois Tool Works
ITW
$80.4B
| $268K | 0.01% |
1,100
| – | – |
|
36
Amazon
AMZN
$2.79T
| $260K | 0.01% |
2,520
| – | – |
|
37
Cardlytics
CDLX
$25.3M
| $36.7K | ﹤0.01% |
1,080
+20
| +2% | +$1.04K |
|
|
38
Advance Auto Parts
AAP
$2.57B
| – | – |
-185,554
| Closed | -$27.3M |
|
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Steven Check's Q1 2023 Portfolio in Review
As of Q1 2023, Steven Check held 40 positions worth $2.24B, up 8% from $2.08B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Steven Check deployed $139M of net new capital in Q1 2023, opening 2 new positions and adding to 13 existing holdings. Its largest new stake was Sempra: 3,798 shares worth $287K.
By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was LKQ Corp, an estimated $1.46M trimmed.
- Steven Check's largest Q1 2023 buy was Sempra: 3,798 shares worth $287K.
- Steven Check added most to Berkshire Hathaway Class B in Q1 2023, an estimated $68.3M increase.
- Steven Check's biggest Q1 2023 reduction was LKQ Corp, cutting an estimated $1.46M.
- Steven Check fully exited Advance Auto Parts in Q1 2023, selling an estimated $27.3M.
- Steven Check's ten largest holdings make up 94% of its $2.24B portfolio in Q1 2023.
- Steven Check opened 2 new positions and closed 1 in Q1 2023.
- Steven Check's portfolio value rose 8% quarter-over-quarter to $2.24B.
Based on Check Capital Management's 13F filing for Q1 2023, filed 17 May 2023.