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 |
Verizon
VZ
|
+$12.9M |
| 2 |
Markel Group
MKL
|
+$12M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$3.56M |
| 4 |
Aflac
AFL
|
+$2.25M |
| 5 |
IBM
IBM
|
+$2.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$19M |
| 2 |
Johnson & Johnson
JNJ
|
+$4.26M |
| 3 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$1.94M |
| 4 |
McDonald's
MCD
|
+$664K |
| 5 |
Synaptics
SYNA
|
+$366K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.77% |
| 2 | Technology | 18.8% |
| 3 | Healthcare | 10.12% |
| 4 | Consumer Staples | 5.32% |
| 5 | Consumer Discretionary | 3.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MON
51
DELISTED
Monsanto Co
MON
| $237K | 0.02% |
1,900
-600
| -24% | -$70.2K |
|
52
Ford
F
$57.5B
| $226K | 0.02% |
13,100
+800
| +7% | +$13K |
|
|
EMC
53
DELISTED
EMC CORPORATION
EMC
| $224K | 0.02% |
8,500
| – | – |
|
54
GE Aerospace
GE
$361B
| $222K | 0.02% |
1,760
-983
| -36% | -$125K |
|
55
Intel
INTC
$476B
| $211K | 0.02% |
+6,834
| New | +$187K |
|
56
Duke Energy
DUK
$93.4B
| $208K | 0.02% |
+2,799
| New | +$201K |
|
57
POSCO
PKX
$17.3B
| $205K | 0.02% |
+2,750
| New | +$201K |
|
58
Smith Micro Software
SMSI
$16.7M
| $155K | 0.02% |
932
+81
| +10% | +$16.1K |
|
59
Theriva Biologics
TOVX
$10.8M
| $17K | ﹤0.01% |
+1
| New | +$15.9K |
|
60
Bank of America Series L
BAC.PRL
$3.95B
| – | – |
-182
| Closed | -$208K |
|
61
Citigroup
C
$221B
| – | – |
-5,200
| Closed | -$248K |
|
62
CF Industries
CF
$19.6B
| – | – |
-4,000
| Closed | -$209K |
|
|
63
Synaptics
SYNA
$3.82B
| – | – |
-6,100
| Closed | -$366K |
|
Similar funds
Steven Check's Q2 2014 Portfolio in Review
As of Q2 2014, Steven Check held 63 positions worth $1.01B, up 4.1% from $973M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Steven Check's Q2 2014 filing shows 7 new, 24 increased, 18 reduced and 4 closed positions. Its largest new stake was Markel Group: 19,017 shares worth $12.5M. The largest sale was Wells Fargo, an estimated $19M.
By sector, the portfolio is most concentrated in Financials at 40% of assets, down from 41% a quarter earlier, followed by Technology and Healthcare.
- Steven Check's largest Q2 2014 buy was Markel Group: 19,017 shares worth $12.5M.
- Steven Check added most to Verizon in Q2 2014, an estimated $12.9M increase.
- Steven Check's biggest Q2 2014 reduction was Wells Fargo, cutting an estimated $19M.
- Steven Check fully exited Synaptics in Q2 2014, selling an estimated $366K.
- Steven Check's ten largest holdings make up 77% of its $1.01B portfolio in Q2 2014.
- Steven Check opened 7 new positions and closed 4 in Q2 2014.
- Steven Check's portfolio value rose 4.1% quarter-over-quarter to $1.01B.
Based on Check Capital Management's 13F filing for Q2 2014, filed 18 Jul 2014.