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 |
Advance Auto Parts
AAP
|
+$27.9M |
| 2 |
Oshkosh
OSK
|
+$26.7M |
| 3 |
Hyatt Hotels
H
|
+$17.5M |
| 4 |
Walt Disney
DIS
|
+$1.57M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$474K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$10.8M |
| 2 |
Brookfield
BN
|
+$7.1M |
| 3 |
CarMax
KMX
|
+$3.42M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$3.42M |
| 5 |
T. Rowe Price
TROW
|
+$2.65M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.43% |
| 2 | Consumer Discretionary | 8.23% |
| 3 | Industrials | 4.14% |
| 4 | Communication Services | 3.57% |
| 5 | Consumer Staples | 1.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $723M | 47.64% |
3,951,800
-198,900
| -5% | -$42.3M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $247M | 16.29% |
1,351,382
-10,923
| -0.8% | -$2.32M |
|
|
3
Brookfield
BN
$93.1B
| $82.1M | 5.41% |
5,198,503
-345,064
| -6% | -$7.1M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $48.7M | 3.21% |
837,020
-50,440
| -6% | -$3.42M |
|
5
FedEx
FDX
$76.9B
| $40.4M | 2.66% |
332,872
-14,206
| -4% | -$2M |
|
|
6
T. Rowe Price
TROW
$23.8B
| $38.4M | 2.53% |
393,147
-21,673
| -5% | -$2.65M |
|
|
7
CarMax
KMX
$8.82B
| $37.8M | 2.49% |
701,543
-40,457
| -5% | -$3.42M |
|
8
LKQ Corp
LKQ
$6.52B
| $33.6M | 2.22% |
1,637,729
-88,305
| -5% | -$2.62M |
|
9
Wells Fargo
WFC
$254B
| $30.4M | 2% |
1,058,873
-50,326
| -5% | -$2.14M |
|
10
American Express
AXP
$227B
| $27.6M | 1.82% |
322,090
-20,094
| -6% | -$2.34M |
|
11
Ingredion
INGR
$6.74B
| $25.7M | 1.69% |
340,263
-20,444
| -6% | -$1.76M |
|
12
Suncor Energy
SU
$80B
| $25.3M | 1.67% |
1,600,888
-94,781
| -6% | -$2.48M |
|
|
13
Oshkosh
OSK
$9.7B
| $21.9M | 1.45% |
+340,990
| New | +$26.7M |
|
|
HBI
14
DELISTED
Hanesbrands
HBI
| $21.6M | 1.43% |
2,748,805
-73,058
| -3% | -$926K |
|
15
US Bancorp
USB
$96.7B
| $20.5M | 1.35% |
594,000
-14,679
| -2% | -$708K |
|
|
16
Advance Auto Parts
AAP
$2.57B
| $20.1M | 1.32% |
+215,305
| New | +$27.9M |
|
|
17
Berkshire Hathaway Class A
BRK.A
$1.06T
| $16.3M | 1.08% |
60
-34
| -36% | -$10.8M |
|
18
Bread Financial
BFH
$4.07B
| $12.1M | 0.8% |
451,329
-15,746
| -3% | -$1.07M |
|
|
19
Hyatt Hotels
H
$17B
| $11.1M | 0.73% |
+231,576
| New | +$17.5M |
|
20
Verizon
VZ
$205B
| $2.88M | 0.19% |
53,685
-2,700
| -5% | -$154K |
|
|
21
Walt Disney
DIS
$186B
| $2.56M | 0.17% |
26,475
+12,425
| +88% | +$1.57M |
|
22
Apple
AAPL
$4.51T
| $2.3M | 0.15% |
36,208
-3,372
| -9% | -$248K |
|
23
Microsoft
MSFT
$3.59T
| $1.02M | 0.07% |
6,487
+75
| +1% | +$12.3K |
|
24
Markel Group
MKL
$22.2B
| $821K | 0.05% |
885
+180
| +26% | +$206K |
|
25
Amgen
AMGN
$238B
| $807K | 0.05% |
3,980
-507
| -11% | -$111K |
|
Similar funds
Steven Check's Q1 2020 Portfolio in Review
As of Q1 2020, Steven Check held 52 positions worth $1.52B, down 27% from $2.08B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Steven Check's Q1 2020 filing shows 5 new, 8 increased, 26 reduced and 11 closed positions. Its largest new stake was Advance Auto Parts: 215,305 shares worth $20.1M. The largest sale was Berkshire Hathaway Class A, an estimated $10.8M.
By sector, the portfolio is most concentrated in Financials at 31% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Steven Check's largest Q1 2020 buy was Advance Auto Parts: 215,305 shares worth $20.1M.
- Steven Check added most to Walt Disney in Q1 2020, an estimated $1.57M increase.
- Steven Check's biggest Q1 2020 reduction was Berkshire Hathaway Class A, cutting an estimated $10.8M.
- Steven Check fully exited Spectrum Brands in Q1 2020, selling an estimated $1.76M.
- Steven Check's ten largest holdings make up 86% of its $1.52B portfolio in Q1 2020.
- Steven Check opened 5 new positions and closed 11 in Q1 2020.
- Steven Check's portfolio value fell 27% quarter-over-quarter to $1.52B.
Based on Check Capital Management's 13F filing for Q1 2020, filed 6 May 2020.