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 |
Qualcomm
QCOM
|
+$10.7M |
| 2 |
IBM
IBM
|
+$9.1M |
| 3 |
Abbott
ABT
|
+$8.69M |
| 4 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$5.74M |
| 5 |
Walmart Inc
WMT
|
+$4.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Omnicom Group
OMC
|
+$11.6M |
| 2 |
Microsoft
MSFT
|
+$11M |
| 3 |
Wells Fargo
WFC
|
+$7.42M |
| 4 |
American Express
AXP
|
+$6.44M |
| 5 |
Stryker
SYK
|
+$2.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.36% |
| 2 | Technology | 19.4% |
| 3 | Healthcare | 7.54% |
| 4 | Consumer Staples | 7.2% |
| 5 | Consumer Discretionary | 4.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class B
BRK.B
$1.06T
| $196M | 26.08% |
1,727,407
+30,822
| +2% | +$3.56M |
|
|
2
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $109M | 14.5% |
960,300
-7,900
| -0.8% | -$911K |
|
|
3
Wells Fargo
WFC
$254B
| $75M | 9.98% |
1,815,945
-173,894
| -9% | -$7.42M |
|
|
4
IBM
IBM
$222B
| $52.3M | 6.96% |
295,443
+50,078
| +20% | +$9.1M |
|
|
5
Walmart Inc
WMT
$825B
| $47.5M | 6.32% |
1,927,230
+195,513
| +11% | +$4.93M |
|
6
Aflac
AFL
$58.2B
| $38.1M | 5.07% |
1,230,290
+41,848
| +4% | +$1.26M |
|
|
7
Qualcomm
QCOM
$169B
| $28.6M | 3.8% |
424,748
+163,175
| +62% | +$10.7M |
|
8
Medtronic
MDT
$119B
| $24.7M | 3.29% |
464,718
+85,602
| +23% | +$4.61M |
|
|
DTV
9
DELISTED
DIRECTV COM STK (DE)
DTV
| $20.8M | 2.77% |
348,045
+93,275
| +37% | +$5.74M |
|
|
FISV
10
Fiserv Inc
FISV
$28B
| $20.3M | 2.71% |
805,316
-6,780
| -0.8% | -$164K |
|
11
Oracle
ORCL
$422B
| $17.8M | 2.37% |
537,340
+65,855
| +14% | +$2.14M |
|
12
McDonald's
MCD
$192B
| $17.7M | 2.36% |
184,129
-760
| -0.4% | -$74.2K |
|
|
BBBY
13
DELISTED
Bed Bath & Beyond Inc
BBBY
| $17M | 2.25% |
219,116
-404
| -0.2% | -$30.3K |
|
|
14
CALL
IBM
IBM
$222B
| $15.9M | 2.11% |
89,642
+10,460
| +13% | +$1.9M |
|
|
15
Abbott
ABT
$202B
| $13.7M | 1.82% |
412,098
+247,811
| +151% | +$8.69M |
|
16
Johnson & Johnson
JNJ
$651B
| $10.5M | 1.39% |
120,898
+35,269
| +41% | +$3.16M |
|
|
17
Berkshire Hathaway Class A
BRK.A
$1.06T
| $8.86M | 1.18% |
52
+1
| +2% | +$173K |
|
|
18
CALL
Wells Fargo
WFC
$254B
| $8.2M | 1.09% |
198,400
+40,000
| +25% | +$1.71M |
|
19
Labcorp
LH
$27.3B
| $7.15M | 0.95% |
83,965
-2,136
| -2% | -$180K |
|
|
20
CALL
Qualcomm
QCOM
$169B
| $4.04M | 0.54% |
+60,000
| New | +$3.93M |
|
21
PepsiCo
PEP
$196B
| $3.09M | 0.41% |
38,889
-3,000
| -7% | -$247K |
|
22
Procter & Gamble
PG
$336B
| $2.56M | 0.34% |
33,809
-10,598
| -24% | -$843K |
|
|
23
Microsoft
MSFT
$3.59T
| $2.35M | 0.31% |
70,718
-333,443
| -83% | -$11M |
|
24
Apple
AAPL
$4.51T
| $1.42M | 0.19% |
83,188
+2,856
| +4% | +$47.4K |
|
25
Coca-Cola
KO
$392B
| $656K | 0.09% |
17,312
-389
| -2% | -$15.4K |
|
Similar funds
Steven Check's Q3 2013 Portfolio in Review
As of Q3 2013, Steven Check held 55 positions worth $752M, up 4.5% from $719M the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Steven Check's Q3 2013 filing shows 7 new, 18 increased, 20 reduced and 4 closed positions. Its largest new stake was Ensco Rowan plc: 2,305 shares worth $496K. The largest sale was Omnicom Group, an estimated $11.6M.
By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 45% a quarter earlier, followed by Technology and Healthcare.
- Steven Check's largest Q3 2013 buy was Ensco Rowan plc: 2,305 shares worth $496K.
- Steven Check added most to Qualcomm in Q3 2013, an estimated $10.7M increase.
- Steven Check's biggest Q3 2013 reduction was Microsoft, cutting an estimated $11M.
- Steven Check fully exited Omnicom Group in Q3 2013, selling an estimated $11.6M.
- Steven Check's ten largest holdings make up 81% of its $752M portfolio in Q3 2013.
- Steven Check opened 7 new positions and closed 4 in Q3 2013.
- Steven Check's portfolio value rose 4.5% quarter-over-quarter to $752M.
Based on Check Capital Management's 13F filing for Q3 2013, filed 17 Oct 2013.