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Steven Check Check Capital Management
AUM
$7.52B
Turnover
12.96%
1-Year Est. Return
15.3%
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.
This Fund
S&P 500
This Quarter Est. Return
+2.41%
1 Year Est. Return
+15.3%
3 Year Est. Return
+66.62%
5 Year Est. Return
+84.34%
10 Year Est. Return
+232.1%
AUM
$1.28B
AUM Growth
+$55M
(+4.5%)
Cap. Flow
-$10.9M
Cap. Flow % of AUM
Cap. Flow %
-0.85%
Top 10 Holdings %
Top 10 Hldgs %
78.17%
Holding
54
New
3
Increased
17
Reduced
22
Closed
1
Avg Time Held
Equity + Options
2.2
years
Top 10 Avg Time Held
Equity + Options
2.1
years
Top 20 Avg Time Held
Equity + Options
1.9
years
Avg Time Held Equity only
2.1
years
Top 10 Avg Time Held Equity only
1.7
years
Top 20 Avg Time Held Equity only
1.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hanesbrands
HBI
|
+$29.5M |
| 2 |
Travel + Leisure Co
TNL
|
+$12.4M |
| 3 |
Phillips 66
PSX
|
+$2.12M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$1.77M |
| 5 |
US Bancorp
USB
|
+$1.02M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$28.7M |
| 2 |
Aflac
AFL
|
+$10.9M |
| 3 |
Johnson & Johnson
JNJ
|
+$10.4M |
| 4 |
Walmart Inc
WMT
|
+$2.76M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$1.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.14% |
| 2 | Miscellaneous | 21.88% |
| 3 | Technology | 8.06% |
| 4 | Consumer Staples | 5.86% |
| 5 | Healthcare | 5.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class B
BRK.B
$1.16T
| $317M | 24.75% |
2,193,630
-11,739
| -0.5% | -$1.72M |
2013 Q2
13 quarters
|
|
|
2
CALL
Berkshire Hathaway Class B
BRK.B
$1.16T
| $279M | 21.78% |
1,929,800
+339,400
| +21% | +$49.6M |
2013 Q2
13 quarters
|
|
3
Wells Fargo
WFC
$247B
| $70.6M | 5.52% |
1,595,450
+4,669
| +0.3% | +$223K |
2013 Q2
13 quarters
|
|
4
Verizon
VZ
$186B
| $59.1M | 4.61% |
1,136,057
-26,150
| -2% | -$1.4M |
2014 Q1
10 quarters
|
|
5
FedEx
FDX
$70.7B
| $56.8M | 4.44% |
325,162
+1,829
| +0.6% | +$299K |
2015 Q4
3 quarters
|
|
6
IBM
IBM
$240B
| $55.1M | 4.3% |
362,666
-8,957
| -2% | -$1.36M |
2013 Q2
13 quarters
|
|
|
7
Aflac
AFL
$60.4B
| $46.6M | 3.64% |
1,297,232
-298,292
| -19% | -$10.9M |
2013 Q2
13 quarters
|
|
8
Qualcomm
QCOM
$188B
| $40.8M | 3.19% |
596,033
+14,532
| +2% | +$884K |
2013 Q2
13 quarters
|
|
9
Ingredion
INGR
$6.04B
| $39.2M | 3.06% |
294,725
-9,116
| -3% | -$1.22M |
2014 Q2
9 quarters
|
|
|
10
US Bancorp
USB
$92.8B
| $36.8M | 2.88% |
858,966
+23,905
| +3% | +$1.02M |
2013 Q4
11 quarters
|
|
11
Suncor Energy
SU
$92.8B
| $31M | 2.42% |
1,117,406
+14,250
| +1% | +$389K |
2014 Q1
10 quarters
|
|
12
American Express
AXP
$212B
| $31M | 2.42% |
484,116
+8,366
| +2% | +$537K |
2014 Q4
7 quarters
|
|
13
Labcorp
LH
$26.7B
| $30.7M | 2.4% |
259,624
-1,909
| -0.7% | -$225K |
2016 Q1
2 quarters
|
|
|
ESRX
14
DELISTED
Express Scripts Holding Company
ESRX
| $30.4M | 2.38% |
431,715
+23,665
| +6% | +$1.77M |
2014 Q3
8 quarters
|
|
15
Spectrum Brands
SPB
$1.84B
| $28.8M | 2.25% |
209,233
-2,115
| -1% | -$269K |
2015 Q4
3 quarters
|
|
|
16
DELISTED
Hanesbrands
HBI
| $28.3M | 2.21% |
+1,120,133
| New | +$29.5M |
2016 Q3
0 quarters
|
|
|
17
Travel + Leisure Co
TNL
$3.98B
| $26M | 2.03% |
853,867
+387,698
| +83% | +$12.4M |
2016 Q2
1 quarter
|
|
18
Emerson Electric
EMR
$90.1B
| $11.3M | 0.88% |
207,213
-14,275
| -6% | -$765K |
2015 Q1
6 quarters
|
|
19
Berkshire Hathaway Class A
BRK.A
$1.16T
| $10.8M | 0.84% |
50
| – | – |
2013 Q2
13 quarters
|
|
20
Harley-Davidson
HOG
$3.01B
| $10.2M | 0.8% |
193,901
+15,404
| +9% | +$796K |
2015 Q2
5 quarters
|
|
|
21
Phillips 66
PSX
$113B
| $8.83M | 0.69% |
109,576
+27,310
| +33% | +$2.12M |
2016 Q1
2 quarters
|
|
|
22
Walmart Inc
WMT
$951B
| $7M | 0.55% |
291,390
-113,952
| -28% | -$2.76M |
2013 Q2
13 quarters
|
|
|
23
Johnson & Johnson
JNJ
$635B
| $5.55M | 0.43% |
46,961
-86,038
| -65% | -$10.4M |
2013 Q2
13 quarters
|
|
24
Abbott
ABT
$179B
| $3.87M | 0.3% |
91,476
+8,000
| +10% | +$343K |
2013 Q2
13 quarters
|
|
25
Microsoft
MSFT
$3.89T
| $3.59M | 0.28% |
62,276
-15,932
| -20% | -$899K |
2013 Q2
13 quarters
|
|
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Steven Check's Q3 2016 Portfolio in Review
As of Q3 2016, Steven Check held 54 positions worth $1.28B, up 4.5% from $1.23B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Steven Check's Q3 2016 filing shows 3 new, 17 increased, 22 reduced and 1 closed positions. Its largest new stake was Hanesbrands: 1,120,133 shares worth $28.3M. The largest sale was Oracle, an estimated $28.7M.
By sector, the portfolio is most concentrated in Financials at 40% of assets, down from 43% a quarter earlier, followed by Miscellaneous and Technology.
- Steven Check's largest Q3 2016 buy was Hanesbrands: 1,120,133 shares worth $28.3M.
- Steven Check added most to Travel + Leisure Co in Q3 2016, an estimated $12.4M increase.
- Steven Check's biggest Q3 2016 reduction was Oracle, cutting an estimated $28.7M.
- Steven Check fully exited Visa in Q3 2016, selling an estimated $233K.
- Steven Check's ten largest holdings make up 78% of its $1.28B portfolio in Q3 2016.
- Steven Check opened 3 new positions and closed 1 in Q3 2016.
- Steven Check's portfolio value rose 4.5% quarter-over-quarter to $1.28B.
Based on Check Capital Management's 13F filing for Q3 2016, filed 9 Nov 2016.