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 |
Brookfield
BN
|
+$59.8M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$12M |
| 3 |
HBI
Hanesbrands
HBI
|
+$6.33M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$4.62M |
| 5 |
Spectrum Brands
SPB
|
+$4.34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cognizant
CTSH
|
+$31.1M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$13M |
| 3 |
Phillips 66
PSX
|
+$9.24M |
| 4 |
Abbott
ABT
|
+$8.04M |
| 5 |
Verizon
VZ
|
+$6.33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.62% |
| 2 | Consumer Discretionary | 11.04% |
| 3 | Healthcare | 6.57% |
| 4 | Consumer Staples | 6.27% |
| 5 | Technology | 5.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $488M | 26.81% |
2,459,900
+93,000
| +4% | +$17.7M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $331M | 18.2% |
1,669,605
-68,375
| -4% | -$13M |
|
3
Wells Fargo
WFC
$254B
| $81.8M | 4.5% |
1,347,908
-65,783
| -5% | -$3.72M |
|
4
Suncor Energy
SU
$80B
| $71.6M | 3.94% |
1,949,308
-98,566
| -5% | -$3.42M |
|
5
Qualcomm
QCOM
$169B
| $64.8M | 3.56% |
1,012,775
-102,490
| -9% | -$6.22M |
|
|
6
Brookfield
BN
$93.1B
| $61.5M | 3.38% |
+3,958,768
| New | +$59.8M |
|
7
FedEx
FDX
$76.9B
| $61.4M | 3.38% |
246,048
-16,660
| -6% | -$3.81M |
|
8
Ingredion
INGR
$6.74B
| $59.5M | 3.27% |
425,471
-3,438
| -0.8% | -$454K |
|
|
ESRX
9
DELISTED
Express Scripts Holding Company
ESRX
| $57.1M | 3.14% |
764,888
+47,884
| +7% | +$3.06M |
|
|
HBI
10
DELISTED
Hanesbrands
HBI
| $52.4M | 2.88% |
2,504,179
+296,332
| +13% | +$6.33M |
|
11
American Express
AXP
$227B
| $50.2M | 2.76% |
505,900
-21,881
| -4% | -$2.08M |
|
|
12
Spectrum Brands
SPB
$2B
| $47.2M | 2.59% |
419,673
+39,737
| +10% | +$4.34M |
|
13
AutoZone
AZO
$48.3B
| $46.7M | 2.57% |
65,607
+3,686
| +6% | +$2.36M |
|
|
14
Berkshire Hathaway Class A
BRK.A
$1.06T
| $43.7M | 2.41% |
147
-1
| -0.7% | -$285K |
|
15
Labcorp
LH
$27.3B
| $41.5M | 2.28% |
302,986
-3,518
| -1% | -$465K |
|
16
LKQ Corp
LKQ
$6.52B
| $38.9M | 2.14% |
956,372
-35,941
| -4% | -$1.38M |
|
17
IBM
IBM
$222B
| $36.7M | 2.02% |
250,131
+17,187
| +7% | +$2.5M |
|
|
18
Chipotle Mexican Grill
CMG
$46.7B
| $30M | 1.65% |
5,182,500
+774,850
| +18% | +$4.62M |
|
19
AutoNation
AN
$6.6B
| $28.5M | 1.57% |
555,320
+15,570
| +3% | +$790K |
|
|
20
Verizon
VZ
$205B
| $12.6M | 0.69% |
238,073
-128,763
| -35% | -$6.33M |
|
|
WBA
21
DELISTED
Walgreens Boots Alliance
WBA
| $12.4M | 0.68% |
+170,100
| New | +$12M |
|
|
22
Phillips 66
PSX
$96.9B
| $8.14M | 0.45% |
80,497
-97,186
| -55% | -$9.24M |
|
23
Fastenal
FAST
$58.8B
| $7.71M | 0.42% |
563,516
-362,868
| -39% | -$4.5M |
|
|
24
Abbott
ABT
$202B
| $7.46M | 0.41% |
130,745
-145,106
| -53% | -$8.04M |
|
25
AB InBev
BUD
$155B
| $7.17M | 0.39% |
64,310
-44,400
| -41% | -$5.22M |
|
Similar funds
Steven Check's Q4 2017 Portfolio in Review
As of Q4 2017, Steven Check held 64 positions worth $1.82B, up 8.7% from $1.67B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Steven Check's Q4 2017 filing shows 6 new, 15 increased, 27 reduced and 8 closed positions. Its largest new stake was Brookfield: 3,958,768 shares worth $61.5M. The largest sale was Cognizant, an estimated $31.1M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 30% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Steven Check's largest Q4 2017 buy was Brookfield: 3,958,768 shares worth $61.5M.
- Steven Check added most to Hanesbrands in Q4 2017, an estimated $6.33M increase.
- Steven Check's biggest Q4 2017 reduction was Berkshire Hathaway Class B, cutting an estimated $13M.
- Steven Check fully exited Cognizant in Q4 2017, selling an estimated $31.1M.
- Steven Check's ten largest holdings make up 73% of its $1.82B portfolio in Q4 2017.
- Steven Check opened 6 new positions and closed 8 in Q4 2017.
- Steven Check's portfolio value rose 8.7% quarter-over-quarter to $1.82B.
Based on Check Capital Management's 13F filing for Q4 2017, filed 7 Feb 2018.