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 |
Markel Group
MKL
|
+$25.3M |
| 2 |
AerCap
AER
|
+$24.5M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$2.23M |
| 4 |
Suncor Energy
SU
|
+$1.85M |
| 5 |
Advance Auto Parts
AAP
|
+$1.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
US Bancorp
USB
|
+$25.6M |
| 2 |
CarMax
KMX
|
+$10.4M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$3.73M |
| 4 |
HBI
Hanesbrands
HBI
|
+$2.54M |
| 5 |
Brookfield
BN
|
+$1.84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.38% |
| 2 | Consumer Discretionary | 11.62% |
| 3 | Industrials | 6.05% |
| 4 | Communication Services | 3.89% |
| 5 | Energy | 1.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $894M | 43.65% |
3,501,100
-142,000
| -4% | -$34.5M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $335M | 16.36% |
1,311,904
+9,181
| +0.7% | +$2.23M |
|
|
3
Brookfield
BN
$93.1B
| $106M | 5.19% |
4,463,240
-82,712
| -2% | -$1.84M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $73.4M | 3.58% |
710,100
-37,560
| -5% | -$3.73M |
|
5
FedEx
FDX
$76.9B
| $60.2M | 2.94% |
212,051
-4,376
| -2% | -$1.13M |
|
6
LKQ Corp
LKQ
$6.52B
| $59.2M | 2.89% |
1,399,384
-26,125
| -2% | -$1.03M |
|
|
7
CarMax
KMX
$8.82B
| $50M | 2.44% |
376,984
-85,247
| -18% | -$10.4M |
|
8
Restaurant Brands International
QSR
$28.2B
| $46.2M | 2.26% |
711,496
-11,719
| -2% | -$726K |
|
|
9
Markel Group
MKL
$22.2B
| $45.1M | 2.2% |
39,553
+23,420
| +145% | +$25.3M |
|
|
HBI
10
DELISTED
Hanesbrands
HBI
| $44.3M | 2.16% |
2,251,731
-143,622
| -6% | -$2.54M |
|
|
11
Advance Auto Parts
AAP
$2.57B
| $35.8M | 1.75% |
194,937
+9,481
| +5% | +$1.59M |
|
12
Bread Financial
BFH
$4.07B
| $35.3M | 1.72% |
394,195
-2,450
| -0.6% | -$176K |
|
13
Wells Fargo
WFC
$254B
| $34.9M | 1.7% |
892,418
+1,873
| +0.2% | +$66.3K |
|
|
14
Suncor Energy
SU
$80B
| $34.1M | 1.66% |
1,630,000
+94,210
| +6% | +$1.85M |
|
15
Oshkosh
OSK
$9.7B
| $33M | 1.61% |
277,970
-11,439
| -4% | -$1.18M |
|
|
16
AerCap
AER
$23B
| $29.5M | 1.44% |
+502,758
| New | +$24.5M |
|
17
Ingredion
INGR
$6.74B
| $25.3M | 1.24% |
281,711
-6,709
| -2% | -$574K |
|
18
Quest Diagnostics
DGX
$27B
| $21.4M | 1.04% |
166,540
-999
| -0.6% | -$123K |
|
|
19
Berkshire Hathaway Class A
BRK.A
$1.06T
| $19.3M | 0.94% |
50
-2
| -4% | -$733K |
|
20
Apple
AAPL
$4.51T
| $4.15M | 0.2% |
33,968
-1,966
| -5% | -$252K |
|
21
Verizon
VZ
$205B
| $3.48M | 0.17% |
59,930
+3,400
| +6% | +$192K |
|
22
Bank of America
BAC
$431B
| $2.93M | 0.14% |
75,845
+11,577
| +18% | +$399K |
|
23
Walt Disney
DIS
$186B
| $2.71M | 0.13% |
14,703
-5,400
| -27% | -$996K |
|
24
Biglari Holdings Class A
BH.A
$1.24B
| $1.35M | 0.07% |
1,994
+65
| +3% | +$40.6K |
|
25
Microsoft
MSFT
$3.59T
| $1.34M | 0.07% |
5,702
-40
| -0.7% | -$9.28K |
|
Similar funds
Steven Check's Q1 2021 Portfolio in Review
As of Q1 2021, Steven Check held 50 positions worth $2.05B, up 12% from $1.83B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Steven Check's Q1 2021 filing shows 8 new, 9 increased and 25 reduced positions. Its largest new stake was AerCap: 502,758 shares worth $29.5M. The largest sale was US Bancorp, an estimated $25.6M.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Steven Check's largest Q1 2021 buy was AerCap: 502,758 shares worth $29.5M.
- Steven Check added most to Markel Group in Q1 2021, an estimated $25.3M increase.
- Steven Check's biggest Q1 2021 reduction was US Bancorp, cutting an estimated $25.6M.
- Steven Check's ten largest holdings make up 84% of its $2.05B portfolio in Q1 2021.
- Steven Check opened 8 new positions and closed 0 in Q1 2021.
- Steven Check's portfolio value rose 12% quarter-over-quarter to $2.05B.
Based on Check Capital Management's 13F filing for Q1 2021, filed 7 May 2021.