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 |
Travel + Leisure Co
TNL
|
+$14.9M |
| 2 |
Phillips 66
PSX
|
+$5.87M |
| 3 |
FedEx
FDX
|
+$3.88M |
| 4 |
Harley-Davidson
HOG
|
+$3.74M |
| 5 |
American Express
AXP
|
+$3.24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$6.8M |
| 2 |
IBM
IBM
|
+$1.58M |
| 3 |
Johnson & Johnson
JNJ
|
+$1.41M |
| 4 |
Markel Group
MKL
|
+$911K |
| 5 |
McDonald's
MCD
|
+$855K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.02% |
| 2 | Technology | 9.9% |
| 3 | Healthcare | 6.52% |
| 4 | Consumer Staples | 6.07% |
| 5 | Communication Services | 5.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class B
BRK.B
$1.06T
| $319M | 26.06% |
2,205,369
+11,006
| +0.5% | +$1.57M |
|
|
2
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $230M | 18.79% |
1,590,400
-6,100
| -0.4% | -$872K |
|
3
Wells Fargo
WFC
$254B
| $75.3M | 6.14% |
1,590,781
-11,141
| -0.7% | -$543K |
|
|
4
Verizon
VZ
$205B
| $64.9M | 5.3% |
1,162,207
-131,160
| -10% | -$6.8M |
|
5
Aflac
AFL
$58.2B
| $57.6M | 4.7% |
1,595,524
-22,362
| -1% | -$764K |
|
|
6
IBM
IBM
$222B
| $53.9M | 4.4% |
371,623
-11,029
| -3% | -$1.58M |
|
|
7
FedEx
FDX
$76.9B
| $49.1M | 4.01% |
323,333
+23,902
| +8% | +$3.88M |
|
8
Ingredion
INGR
$6.74B
| $39.3M | 3.21% |
303,841
-6,771
| -2% | -$788K |
|
9
US Bancorp
USB
$96.7B
| $33.7M | 2.75% |
835,061
+20,367
| +2% | +$848K |
|
10
Qualcomm
QCOM
$169B
| $31.2M | 2.54% |
581,501
+21,997
| +4% | +$1.16M |
|
|
ESRX
11
DELISTED
Express Scripts Holding Company
ESRX
| $30.9M | 2.52% |
408,050
+7,170
| +2% | +$527K |
|
12
Suncor Energy
SU
$80B
| $30.6M | 2.5% |
1,103,156
+27,300
| +3% | +$748K |
|
13
Labcorp
LH
$27.3B
| $29.3M | 2.39% |
261,533
+477
| +0.2% | +$51.3K |
|
14
Oracle
ORCL
$422B
| $29.2M | 2.39% |
714,129
+12,676
| +2% | +$506K |
|
|
15
American Express
AXP
$227B
| $28.9M | 2.36% |
475,750
+51,111
| +12% | +$3.24M |
|
16
Spectrum Brands
SPB
$2B
| $25.2M | 2.06% |
211,348
-1,695
| -0.8% | -$195K |
|
|
17
Johnson & Johnson
JNJ
$651B
| $16.1M | 1.32% |
132,999
-12,383
| -9% | -$1.41M |
|
|
18
Travel + Leisure Co
TNL
$4.39B
| $15M | 1.22% |
+466,169
| New | +$14.9M |
|
19
Emerson Electric
EMR
$87.7B
| $11.6M | 0.94% |
221,488
-11,568
| -5% | -$614K |
|
|
20
Berkshire Hathaway Class A
BRK.A
$1.06T
| $10.8M | 0.89% |
50
-1
| -2% | -$214K |
|
21
Walmart Inc
WMT
$825B
| $9.87M | 0.81% |
405,342
-16,221
| -4% | -$375K |
|
|
22
Harley-Davidson
HOG
$2.93B
| $8.09M | 0.66% |
178,497
+81,245
| +84% | +$3.74M |
|
|
23
Phillips 66
PSX
$96.9B
| $6.53M | 0.53% |
82,266
+71,866
| +691% | +$5.87M |
|
24
Microsoft
MSFT
$3.59T
| $4M | 0.33% |
78,208
-4,039
| -5% | -$210K |
|
25
Abbott
ABT
$202B
| $3.28M | 0.27% |
83,476
+13,200
| +19% | +$525K |
|
Similar funds
Steven Check's Q2 2016 Portfolio in Review
As of Q2 2016, Steven Check held 55 positions worth $1.23B, up 4.5% from $1.17B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Steven Check's Q2 2016 filing shows 3 new, 18 increased, 21 reduced and 4 closed positions. Its largest new stake was Travel + Leisure Co: 466,169 shares worth $15M. The largest sale was Verizon, an estimated $6.8M.
By sector, the portfolio is most concentrated in Financials at 43% of assets, down from 44% a quarter earlier, followed by Technology and Healthcare.
- Steven Check's largest Q2 2016 buy was Travel + Leisure Co: 466,169 shares worth $15M.
- Steven Check added most to Phillips 66 in Q2 2016, an estimated $5.87M increase.
- Steven Check's biggest Q2 2016 reduction was Verizon, cutting an estimated $6.8M.
- Steven Check fully exited McDonald's in Q2 2016, selling an estimated $855K.
- Steven Check's ten largest holdings make up 78% of its $1.23B portfolio in Q2 2016.
- Steven Check opened 3 new positions and closed 4 in Q2 2016.
- Steven Check's portfolio value rose 4.5% quarter-over-quarter to $1.23B.
Based on Check Capital Management's 13F filing for Q2 2016, filed 14 Jul 2016.