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 |
US Bancorp
USB
|
+$8.66M |
| 2 |
Bread Financial
BFH
|
+$644K |
| 3 |
Walt Disney
DIS
|
+$502K |
| 4 |
LKQ Corp
LKQ
|
+$371K |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$350K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$23.1M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$15.1M |
| 3 |
Brookfield
BN
|
+$5.59M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$4.54M |
| 5 |
Qualcomm
QCOM
|
+$4.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.85% |
| 2 | Consumer Discretionary | 10.12% |
| 3 | Consumer Staples | 3.91% |
| 4 | Industrials | 3.05% |
| 5 | Energy | 2.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $741M | 39.21% |
3,687,800
+74,900
| +2% | +$15.1M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $247M | 13.08% |
1,230,791
-22,510
| -2% | -$4.54M |
|
|
3
Brookfield
BN
$93.1B
| $102M | 5.38% |
6,105,184
-359,137
| -6% | -$5.59M |
|
4
American Express
AXP
$227B
| $59.3M | 3.14% |
542,250
-17,324
| -3% | -$1.82M |
|
5
CarMax
KMX
$8.82B
| $58.3M | 3.08% |
834,619
-2,561
| -0.3% | -$158K |
|
6
Wells Fargo
WFC
$254B
| $57.3M | 3.03% |
1,185,443
+4,793
| +0.4% | +$236K |
|
7
FedEx
FDX
$76.9B
| $57.1M | 3.02% |
314,581
+1,102
| +0.4% | +$195K |
|
|
8
LKQ Corp
LKQ
$6.52B
| $53.8M | 2.85% |
1,896,396
+13,800
| +0.7% | +$371K |
|
9
Suncor Energy
SU
$80B
| $52.9M | 2.8% |
1,630,647
-51,229
| -3% | -$1.67M |
|
|
HBI
10
DELISTED
Hanesbrands
HBI
| $48M | 2.54% |
2,684,159
+9,199
| +0.3% | +$153K |
|
11
T. Rowe Price
TROW
$23.8B
| $46.2M | 2.45% |
461,727
-1,249
| -0.3% | -$120K |
|
|
12
Bread Financial
BFH
$4.07B
| $45M | 2.38% |
322,305
+4,730
| +1% | +$644K |
|
|
13
Qualcomm
QCOM
$169B
| $41.3M | 2.19% |
725,008
-77,769
| -10% | -$4.2M |
|
14
Ingredion
INGR
$6.74B
| $39.1M | 2.07% |
412,965
-13,730
| -3% | -$1.3M |
|
|
NPSN
15
DELISTED
NASPERS LTD
NPSN
| $32.8M | 1.73% |
705,444
-17,024
| -2% | -$790K |
|
|
16
US Bancorp
USB
$96.7B
| $32.3M | 1.71% |
669,245
+172,743
| +35% | +$8.66M |
|
17
Spectrum Brands
SPB
$2B
| $32.1M | 1.7% |
585,233
-11,529
| -2% | -$616K |
|
|
18
Berkshire Hathaway Class A
BRK.A
$1.06T
| $28.9M | 1.53% |
96
-50
| -34% | -$15.1M |
|
|
WBA
19
DELISTED
Walgreens Boots Alliance
WBA
| $28.9M | 1.53% |
457,013
-2,045
| -0.4% | -$140K |
|
20
AutoNation
AN
$6.6B
| $27M | 1.43% |
756,603
-2,584
| -0.3% | -$93.7K |
|
21
Verizon
VZ
$205B
| $4.36M | 0.23% |
73,685
-11,300
| -13% | -$640K |
|
22
AB InBev
BUD
$155B
| $2.69M | 0.14% |
32,000
-5,600
| -15% | -$431K |
|
23
Johnson & Johnson
JNJ
$651B
| $2.49M | 0.13% |
17,800
+2,600
| +17% | +$348K |
|
|
24
Walt Disney
DIS
$186B
| $2.46M | 0.13% |
22,189
+4,489
| +25% | +$502K |
|
25
Apple
AAPL
$4.51T
| $2.28M | 0.12% |
47,944
-5,192
| -10% | -$220K |
|
Similar funds
Steven Check's Q1 2019 Portfolio in Review
As of Q1 2019, Steven Check held 53 positions worth $1.89B, up 1.7% from $1.86B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Steven Check's Q1 2019 filing shows 1 new, 14 increased, 21 reduced and 5 closed positions. Its largest new stake was Winnebago Industries: 7,300 shares worth $227K. The largest sale was IBM, an estimated $23.1M.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Steven Check's largest Q1 2019 buy was Winnebago Industries: 7,300 shares worth $227K.
- Steven Check added most to US Bancorp in Q1 2019, an estimated $8.66M increase.
- Steven Check's biggest Q1 2019 reduction was Berkshire Hathaway Class A, cutting an estimated $15.1M.
- Steven Check fully exited IBM in Q1 2019, selling an estimated $23.1M.
- Steven Check's ten largest holdings make up 78% of its $1.89B portfolio in Q1 2019.
- Steven Check opened 1 new position and closed 5 in Q1 2019.
- Steven Check's portfolio value rose 1.7% quarter-over-quarter to $1.89B.
Based on Check Capital Management's 13F filing for Q1 2019, filed 6 May 2019.