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 |
Berkshire Hathaway Class B
BRK.B
|
+$18.7M |
| 2 |
HBI
Hanesbrands
HBI
|
+$2.16M |
| 3 |
Suncor Energy
SU
|
+$407K |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$30.8K |
| 5 |
Walt Disney
DIS
|
+$4.29K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AutoNation
AN
|
+$32.5M |
| 2 |
American Express
AXP
|
+$21M |
| 3 |
Brookfield
BN
|
+$4.6M |
| 4 |
CarMax
KMX
|
+$3.32M |
| 5 |
FedEx
FDX
|
+$2.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.87% |
| 2 | Consumer Discretionary | 8.88% |
| 3 | Consumer Staples | 3.22% |
| 4 | Industrials | 2.75% |
| 5 | Energy | 2.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $783M | 41.29% |
3,762,500
+69,600
| +2% | +$14.3M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $288M | 15.18% |
1,382,853
+91,000
| +7% | +$18.7M |
|
|
3
Brookfield
BN
$93.1B
| $108M | 5.7% |
5,704,940
-253,810
| -4% | -$4.6M |
|
|
4
CarMax
KMX
$8.82B
| $67.3M | 3.55% |
764,305
-38,640
| -5% | -$3.32M |
|
5
Wells Fargo
WFC
$254B
| $57.5M | 3.03% |
1,140,271
-37,284
| -3% | -$1.76M |
|
6
LKQ Corp
LKQ
$6.52B
| $55.4M | 2.92% |
1,761,099
-68,670
| -4% | -$1.88M |
|
|
7
FedEx
FDX
$76.9B
| $51.5M | 2.72% |
354,120
-15,490
| -4% | -$2.5M |
|
|
8
Suncor Energy
SU
$80B
| $50.6M | 2.67% |
1,603,792
+13,527
| +0.9% | +$407K |
|
9
Bread Financial
BFH
$4.07B
| $49.8M | 2.63% |
487,210
-6,847
| -1% | -$772K |
|
10
T. Rowe Price
TROW
$23.8B
| $48.5M | 2.56% |
424,668
-21,836
| -5% | -$2.43M |
|
|
HBI
11
DELISTED
Hanesbrands
HBI
| $42M | 2.22% |
2,741,867
+141,943
| +5% | +$2.16M |
|
|
12
American Express
AXP
$227B
| $41.3M | 2.18% |
348,797
-171,522
| -33% | -$21M |
|
13
US Bancorp
USB
$96.7B
| $35.5M | 1.88% |
642,216
-19,553
| -3% | -$1.06M |
|
|
14
Alphabet (Google) Class C
GOOG
$4.18T
| $31.4M | 1.66% |
515,140
+520
| +0.1% | +$30.8K |
|
15
Ingredion
INGR
$6.74B
| $30.8M | 1.63% |
376,834
-22,129
| -6% | -$1.76M |
|
|
16
Berkshire Hathaway Class A
BRK.A
$1.06T
| $29.3M | 1.55% |
94
-1
| -1% | -$309K |
|
17
Spectrum Brands
SPB
$2B
| $29.2M | 1.54% |
553,493
-17,429
| -3% | -$909K |
|
|
NPSN
18
DELISTED
NASPERS LTD
NPSN
| $19.6M | 1.04% |
654,803
-33,792
| -5% | -$1.01M |
|
19
Verizon
VZ
$205B
| $3.72M | 0.2% |
61,685
-5,100
| -8% | -$294K |
|
|
20
Walt Disney
DIS
$186B
| $2.69M | 0.14% |
20,650
+31
| +0.2% | +$4.29K |
|
21
Apple
AAPL
$4.51T
| $2.22M | 0.12% |
39,720
-7,552
| -16% | -$395K |
|
22
Johnson & Johnson
JNJ
$651B
| $2.11M | 0.11% |
16,300
-200
| -1% | -$26.3K |
|
|
23
AutoNation
AN
$6.6B
| $1.77M | 0.09% |
34,865
-689,453
| -95% | -$32.5M |
|
24
AB InBev
BUD
$155B
| $1.01M | 0.05% |
10,600
-20,300
| -66% | -$1.93M |
|
25
Microsoft
MSFT
$3.59T
| $879K | 0.05% |
6,322
-550
| -8% | -$75.6K |
|
Similar funds
Steven Check's Q3 2019 Portfolio in Review
As of Q3 2019, Steven Check held 50 positions worth $1.9B, down 2.6% from $1.95B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Steven Check's Q3 2019 filing shows 1 new, 8 increased, 28 reduced and 2 closed positions. The largest sale was AutoNation, an estimated $32.5M.
By sector, the portfolio is most concentrated in Financials at 35% of assets, up from 34% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Steven Check added most to Berkshire Hathaway Class B in Q3 2019, an estimated $18.7M increase.
- Steven Check's biggest Q3 2019 reduction was AutoNation, cutting an estimated $32.5M.
- Steven Check fully exited Corning in Q3 2019, selling an estimated $254K.
- Steven Check's ten largest holdings make up 82% of its $1.9B portfolio in Q3 2019.
- Steven Check opened 1 new position and closed 2 in Q3 2019.
- Steven Check's portfolio value fell 2.6% quarter-over-quarter to $1.9B.
Based on Check Capital Management's 13F filing for Q3 2019, filed 6 Nov 2019.