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 |
Labcorp
LH
|
+$9.13M |
| 2 |
US Bancorp
USB
|
+$7.24M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$6.36M |
| 4 |
IBM
IBM
|
+$4.63M |
| 5 |
Medtronic
MDT
|
+$2.49M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
McDonald's
MCD
|
+$9.3M |
| 2 |
Walmart Inc
WMT
|
+$7.93M |
| 3 |
Aflac
AFL
|
+$7.36M |
| 4 |
PepsiCo
PEP
|
+$2.82M |
| 5 |
Microsoft
MSFT
|
+$2.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.16% |
| 2 | Technology | 20.38% |
| 3 | Healthcare | 8.8% |
| 4 | Consumer Staples | 5.56% |
| 5 | Consumer Discretionary | 3.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class B
BRK.B
$1.06T
| $211M | 25.79% |
1,782,399
+54,992
| +3% | +$6.36M |
|
|
2
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $126M | 15.43% |
1,066,700
+106,400
| +11% | +$12.3M |
|
3
Wells Fargo
WFC
$254B
| $83.5M | 10.19% |
1,839,683
+23,738
| +1% | +$1.03M |
|
|
4
IBM
IBM
$222B
| $57.8M | 7.05% |
322,320
+26,877
| +9% | +$4.63M |
|
|
5
Walmart Inc
WMT
$825B
| $42.5M | 5.19% |
1,619,970
-307,260
| -16% | -$7.93M |
|
|
6
Aflac
AFL
$58.2B
| $33.6M | 4.1% |
1,005,810
-224,480
| -18% | -$7.36M |
|
7
Qualcomm
QCOM
$169B
| $33.1M | 4.04% |
446,367
+21,619
| +5% | +$1.52M |
|
|
8
Medtronic
MDT
$119B
| $29.2M | 3.56% |
508,701
+43,983
| +9% | +$2.49M |
|
|
DTV
9
DELISTED
DIRECTV COM STK (DE)
DTV
| $25.6M | 3.12% |
370,530
+22,485
| +6% | +$1.44M |
|
|
FISV
10
Fiserv Inc
FISV
$28B
| $23.2M | 2.84% |
787,376
-17,940
| -2% | -$484K |
|
11
Oracle
ORCL
$422B
| $22.4M | 2.73% |
585,449
+48,109
| +9% | +$1.65M |
|
|
12
CALL
IBM
IBM
$222B
| $18.9M | 2.31% |
105,332
+15,690
| +18% | +$2.71M |
|
|
BBBY
13
DELISTED
Bed Bath & Beyond Inc
BBBY
| $17.4M | 2.12% |
216,306
-2,810
| -1% | -$217K |
|
14
Abbott
ABT
$202B
| $17.3M | 2.11% |
451,886
+39,788
| +10% | +$1.47M |
|
|
15
Labcorp
LH
$27.3B
| $15M | 1.83% |
191,004
+107,039
| +127% | +$9.13M |
|
16
Johnson & Johnson
JNJ
$651B
| $10.3M | 1.26% |
112,410
-8,488
| -7% | -$782K |
|
|
17
Berkshire Hathaway Class A
BRK.A
$1.06T
| $9.07M | 1.11% |
51
-1
| -2% | -$173K |
|
|
18
McDonald's
MCD
$192B
| $8.47M | 1.03% |
87,333
-96,796
| -53% | -$9.3M |
|
|
19
CALL
Wells Fargo
WFC
$254B
| $8.33M | 1.02% |
183,400
-15,000
| -8% | -$648K |
|
|
20
US Bancorp
USB
$96.7B
| $7.63M | 0.93% |
+188,823
| New | +$7.24M |
|
|
21
CALL
Qualcomm
QCOM
$169B
| $4.45M | 0.54% |
60,000
| – | – |
|
22
Procter & Gamble
PG
$336B
| $1.93M | 0.24% |
23,712
-10,097
| -30% | -$823K |
|
23
Apple
AAPL
$4.51T
| $1.67M | 0.2% |
83,188
| – | – |
|
24
Coca-Cola
KO
$392B
| $709K | 0.09% |
17,165
-147
| -0.8% | -$5.8K |
|
|
ESV
25
DELISTED
Ensco Rowan plc
ESV
| $619K | 0.08% |
2,705
+400
| +17% | +$92.4K |
|
Similar funds
Steven Check's Q4 2013 Portfolio in Review
As of Q4 2013, Steven Check held 56 positions worth $819M, up 9% from $752M the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Steven Check's Q4 2013 filing shows 5 new, 16 increased, 22 reduced and 6 closed positions. Its largest new stake was US Bancorp: 188,823 shares worth $7.63M. The largest sale was McDonald's, an estimated $9.3M.
By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 42% a quarter earlier, followed by Technology and Healthcare.
- Steven Check's largest Q4 2013 buy was US Bancorp: 188,823 shares worth $7.63M.
- Steven Check added most to Labcorp in Q4 2013, an estimated $9.13M increase.
- Steven Check's biggest Q4 2013 reduction was McDonald's, cutting an estimated $9.3M.
- Steven Check fully exited Meta Platforms (Facebook) in Q4 2013, selling an estimated $352K.
- Steven Check's ten largest holdings make up 81% of its $819M portfolio in Q4 2013.
- Steven Check opened 5 new positions and closed 6 in Q4 2013.
- Steven Check's portfolio value rose 9% quarter-over-quarter to $819M.
Based on Check Capital Management's 13F filing for Q4 2013, filed 16 Jan 2014.