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 |
SiriusXM
SIRI
|
+$20.7M |
| 2 |
First Citizens BancShares
FCNCA
|
+$2.13M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$1.5M |
| 4 |
Hershey
HSY
|
+$475K |
| 5 |
FedEx
FDX
|
+$291K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Suncor Energy
SU
|
+$31.5M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$1.39M |
| 3 |
Brookfield
BN
|
+$959K |
| 4 |
AerCap
AER
|
+$770K |
| 5 |
Markel Group
MKL
|
+$461K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.41% |
| 2 | Communication Services | 9.01% |
| 3 | Industrials | 5% |
| 4 | Consumer Discretionary | 3.17% |
| 5 | Consumer Staples | 1.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Amazon
AMZN
$2.79T
| $690K | 0.02% |
3,143
| – | – |
|
27
Brookfield Asset Management
BAM
$83.5B
| $660K | 0.02% |
11,586
| – | – |
|
28
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $643K | 0.02% |
965
| – | – |
|
29
iShares Future Exponential Technologies ETF
XT
$3.97B
| $633K | 0.02% |
8,800
| – | – |
|
30
GE Vernova
GEV
$255B
| $608K | 0.02% |
988
| – | – |
|
31
RTX Corp
RTX
$283B
| $584K | 0.02% |
3,489
| – | – |
|
32
Uber
UBER
$161B
| $479K | 0.02% |
4,890
-100
| -2% | -$9.35K |
|
33
Biglari Holdings Class B
BH
$1.24B
| $434K | 0.01% |
1,340
| – | – |
|
34
Corning
GLW
$129B
| $414K | 0.01% |
5,050
| – | – |
|
35
NVIDIA
NVDA
$5.2T
| $401K | 0.01% |
2,147
+30
| +1% | +$5.23K |
|
36
Fastenal
FAST
$58.8B
| $388K | 0.01% |
7,920
| – | – |
|
37
Invesco QQQ Trust
QQQ
$486B
| $385K | 0.01% |
641
-76
| -11% | -$43.5K |
|
38
Wells Fargo
WFC
$254B
| $370K | 0.01% |
4,413
| – | – |
|
39
ConocoPhillips
COP
$162B
| $315K | 0.01% |
3,334
| – | – |
|
40
Schwab US Large-Cap Growth ETF
SCHG
$62B
| $313K | 0.01% |
9,800
| – | – |
|
41
JPMorgan Chase
JPM
$935B
| $301K | 0.01% |
954
+1
| +0.1% | +$297 |
|
42
Illinois Tool Works
ITW
$80.4B
| $287K | 0.01% |
1,100
| – | – |
|
43
Boeing
BA
$169B
| $269K | 0.01% |
1,245
| – | – |
|
44
Verizon
VZ
$205B
| $257K | 0.01% |
5,840
+18
| +0.3% | +$779 |
|
45
Quest Diagnostics
DGX
$27B
| $248K | 0.01% |
1,300
| – | – |
|
46
UnitedHealth
UNH
$350B
| $247K | 0.01% |
+715
| New | +$216K |
|
47
Meta Platforms (Facebook)
META
$1.4T
| $247K | 0.01% |
336
| – | – |
|
48
Chevron
CVX
$403B
| $210K | 0.01% |
+1,350
| New | +$209K |
|
49
Citizens Financial Group
CFG
$29.4B
| $202K | 0.01% |
+3,800
| New | +$189K |
|
50
Cardlytics
CDLX
$25.3M
| – | – |
-7,450
| Closed | -$123K |
|
Similar funds
Steven Check's Q3 2025 Portfolio in Review
As of Q3 2025, Steven Check held 52 positions worth $3.03B, up 2.6% from $2.96B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Steven Check's Q3 2025 filing shows 3 new, 14 increased, 12 reduced and 2 closed positions. Its largest new stake was UnitedHealth: 715 shares worth $247K. The largest sale was Suncor Energy, an estimated $31.5M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 32% a quarter earlier, followed by Communication Services and Industrials.
- Steven Check's largest Q3 2025 buy was UnitedHealth: 715 shares worth $247K.
- Steven Check added most to SiriusXM in Q3 2025, an estimated $20.7M increase.
- Steven Check's biggest Q3 2025 reduction was Alphabet (Google) Class C, cutting an estimated $1.39M.
- Steven Check fully exited Suncor Energy in Q3 2025, selling an estimated $31.5M.
- Steven Check's ten largest holdings make up 93% of its $3.03B portfolio in Q3 2025.
- Steven Check opened 3 new positions and closed 2 in Q3 2025.
- Steven Check's portfolio value rose 2.6% quarter-over-quarter to $3.03B.
Based on Check Capital Management's 13F filing for Q3 2025, filed 6 Nov 2025.