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 |
Markel Group
MKL
|
+$3.53M |
| 2 |
FedEx
FDX
|
+$3.53M |
| 3 |
First Citizens BancShares
FCNCA
|
+$731K |
| 4 |
SiriusXM
SIRI
|
+$627K |
| 5 |
Hershey
HSY
|
+$573K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$19.5M |
| 2 |
AerCap
AER
|
+$944K |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$741K |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$729K |
| 5 |
Suncor Energy
SU
|
+$335K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.07% |
| 2 | Communication Services | 5.4% |
| 3 | Industrials | 4.05% |
| 4 | Consumer Discretionary | 3.65% |
| 5 | Energy | 1.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Caterpillar
CAT
$381B
| $566K | 0.02% |
1,717
| – | – |
|
27
Brookfield Asset Management
BAM
$83.5B
| $561K | 0.02% |
11,586
+50
| +0.4% | +$2.73K |
|
28
Amazon
AMZN
$2.79T
| $560K | 0.02% |
2,943
+40
| +1% | +$8.68K |
|
29
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $540K | 0.02% |
965
-13
| -1% | -$7.64K |
|
30
iShares Future Exponential Technologies ETF
XT
$3.97B
| $507K | 0.01% |
8,800
-3,650
| -29% | -$223K |
|
31
RTX Corp
RTX
$283B
| $462K | 0.01% |
3,489
| – | – |
|
32
Uber
UBER
$161B
| $364K | 0.01% |
4,990
+1,490
| +43% | +$107K |
|
33
Wells Fargo
WFC
$254B
| $353K | 0.01% |
4,913
| – | – |
|
34
ConocoPhillips
COP
$162B
| $350K | 0.01% |
3,334
| – | – |
|
35
Invesco QQQ Trust
QQQ
$486B
| $336K | 0.01% |
+717
| New | +$364K |
|
36
Fastenal
FAST
$58.8B
| $307K | 0.01% |
7,920
| – | – |
|
37
GE Vernova
GEV
$255B
| $302K | 0.01% |
988
| – | – |
|
38
Biglari Holdings Class B
BH
$1.24B
| $290K | 0.01% |
1,340
| – | – |
|
39
Illinois Tool Works
ITW
$80.4B
| $273K | 0.01% |
1,100
| – | – |
|
40
Verizon
VZ
$205B
| $263K | 0.01% |
5,805
+18
| +0.3% | +$749 |
|
41
Schwab US Large-Cap Growth ETF
SCHG
$62B
| $245K | 0.01% |
9,800
| – | – |
|
42
JPMorgan Chase
JPM
$935B
| $233K | 0.01% |
952
+11
| +1% | +$2.8K |
|
43
Corning
GLW
$129B
| $231K | 0.01% |
5,050
| – | – |
|
44
NVIDIA
NVDA
$5.2T
| $229K | 0.01% |
2,117
+517
| +32% | +$65.5K |
|
45
Chevron
CVX
$403B
| $226K | 0.01% |
1,350
-150
| -10% | -$23.5K |
|
46
Quest Diagnostics
DGX
$27B
| $220K | 0.01% |
1,300
-135
| -9% | -$22.2K |
|
47
Boeing
BA
$169B
| $212K | 0.01% |
1,245
| – | – |
|
48
Procter & Gamble
PG
$336B
| $205K | 0.01% |
1,200
| – | – |
|
49
Cardlytics
CDLX
$25.3M
| $112K | ﹤0.01% |
6,170
+550
| +10% | +$15.7K |
|
50
Citizens Financial Group
CFG
$29.4B
| – | – |
-4,700
| Closed | -$206K |
|
Similar funds
Steven Check's Q1 2025 Portfolio in Review
As of Q1 2025, Steven Check held 54 positions worth $3.43B, up 2.1% from $3.36B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Steven Check withdrew a net $268M in Q1 2025, closing 4 positions and reducing 16 holdings. Its most notable exit was Taylor Morrison, an estimated $208K position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 27% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Steven Check opened a new position in Invesco QQQ Trust worth $336K.
- Steven Check's largest Q1 2025 buy was Invesco QQQ Trust: 717 shares worth $336K.
- Steven Check added most to Markel Group in Q1 2025, an estimated $3.53M increase.
- Steven Check's biggest Q1 2025 reduction was Berkshire Hathaway Class B, cutting an estimated $19.5M.
- Steven Check fully exited Taylor Morrison in Q1 2025, selling an estimated $208K.
- Steven Check's ten largest holdings make up 94% of its $3.43B portfolio in Q1 2025.
- Steven Check opened 1 new position and closed 4 in Q1 2025.
- Steven Check's portfolio value rose 2.1% quarter-over-quarter to $3.43B.
Based on Check Capital Management's 13F filing for Q1 2025, filed 2 May 2025.