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 |
Alphabet (Google) Class C
GOOG
|
+$29.7M |
| 2 |
Bread Financial
BFH
|
+$20.8M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$12.6M |
| 4 |
FedEx
FDX
|
+$9.63M |
| 5 |
Capital One
COF
|
+$215K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$52.5M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$23.9M |
| 3 |
American Express
AXP
|
+$2.58M |
| 4 |
CarMax
KMX
|
+$2.48M |
| 5 |
Brookfield
BN
|
+$2.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.41% |
| 2 | Consumer Discretionary | 10.13% |
| 3 | Consumer Staples | 3.41% |
| 4 | Industrials | 3.15% |
| 5 | Energy | 2.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $787M | 40.45% |
3,692,900
+5,100
| +0.1% | +$1.06M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $275M | 14.15% |
1,291,853
+61,062
| +5% | +$12.6M |
|
|
3
Brookfield
BN
$93.1B
| $102M | 5.22% |
5,958,750
-146,434
| -2% | -$2.48M |
|
|
4
CarMax
KMX
$8.82B
| $69.7M | 3.58% |
802,945
-31,674
| -4% | -$2.48M |
|
|
5
American Express
AXP
$227B
| $64.2M | 3.3% |
520,319
-21,931
| -4% | -$2.58M |
|
|
6
FedEx
FDX
$76.9B
| $60.7M | 3.12% |
369,610
+55,029
| +17% | +$9.63M |
|
7
Wells Fargo
WFC
$254B
| $55.7M | 2.86% |
1,177,555
-7,888
| -0.7% | -$369K |
|
|
8
Bread Financial
BFH
$4.07B
| $55.3M | 2.84% |
494,057
+171,752
| +53% | +$20.8M |
|
9
Suncor Energy
SU
$80B
| $49.6M | 2.55% |
1,590,265
-40,382
| -2% | -$1.29M |
|
10
T. Rowe Price
TROW
$23.8B
| $49M | 2.52% |
446,504
-15,223
| -3% | -$1.6M |
|
11
LKQ Corp
LKQ
$6.52B
| $48.7M | 2.5% |
1,829,769
-66,627
| -4% | -$1.87M |
|
|
HBI
12
DELISTED
Hanesbrands
HBI
| $44.8M | 2.3% |
2,599,924
-84,235
| -3% | -$1.45M |
|
13
US Bancorp
USB
$96.7B
| $34.7M | 1.78% |
661,769
-7,476
| -1% | -$385K |
|
|
NPSN
14
DELISTED
NASPERS LTD
NPSN
| $33.3M | 1.71% |
688,595
-16,849
| -2% | -$816K |
|
15
Ingredion
INGR
$6.74B
| $32.9M | 1.69% |
398,963
-14,002
| -3% | -$1.2M |
|
16
Spectrum Brands
SPB
$2B
| $30.7M | 1.58% |
570,922
-14,311
| -2% | -$850K |
|
17
AutoNation
AN
$6.6B
| $30.4M | 1.56% |
724,318
-32,285
| -4% | -$1.28M |
|
|
18
Berkshire Hathaway Class A
BRK.A
$1.06T
| $30.2M | 1.55% |
95
-1
| -1% | -$311K |
|
|
19
Alphabet (Google) Class C
GOOG
$4.18T
| $27.8M | 1.43% |
+514,620
| New | +$29.7M |
|
20
Verizon
VZ
$205B
| $3.81M | 0.2% |
66,785
-6,900
| -9% | -$398K |
|
21
Walt Disney
DIS
$186B
| $2.88M | 0.15% |
20,619
-1,570
| -7% | -$208K |
|
22
AB InBev
BUD
$155B
| $2.73M | 0.14% |
30,900
-1,100
| -3% | -$94.3K |
|
23
Apple
AAPL
$4.51T
| $2.34M | 0.12% |
47,272
-672
| -1% | -$32.7K |
|
24
Johnson & Johnson
JNJ
$651B
| $2.3M | 0.12% |
16,500
-1,300
| -7% | -$180K |
|
25
Starbucks
SBUX
$122B
| $2.24M | 0.12% |
26,700
-1,100
| -4% | -$86.3K |
|
Similar funds
Steven Check's Q2 2019 Portfolio in Review
As of Q2 2019, Steven Check held 50 positions worth $1.95B, up 3% from $1.89B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Steven Check's Q2 2019 filing shows 2 new, 11 increased, 27 reduced and 1 closed positions. Its largest new stake was Alphabet (Google) Class C: 514,620 shares worth $27.8M. The largest sale was Qualcomm, an estimated $52.5M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Steven Check's largest Q2 2019 buy was Alphabet (Google) Class C: 514,620 shares worth $27.8M.
- Steven Check added most to Bread Financial in Q2 2019, an estimated $20.8M increase.
- Steven Check's biggest Q2 2019 reduction was Qualcomm, cutting an estimated $52.5M.
- Steven Check fully exited Ensco Rowan plc in Q2 2019, selling an estimated $135K.
- Steven Check's ten largest holdings make up 81% of its $1.95B portfolio in Q2 2019.
- Steven Check opened 2 new positions and closed 1 in Q2 2019.
- Steven Check's portfolio value rose 3% quarter-over-quarter to $1.95B.
Based on Check Capital Management's 13F filing for Q2 2019, filed 8 Aug 2019.