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 |
Wayfair
W
|
+$30.4M |
| 2 |
AerCap
AER
|
+$20.9M |
| 3 |
CarMax
KMX
|
+$18.2M |
| 4 |
Quest Diagnostics
DGX
|
+$1.96M |
| 5 |
Markel Group
MKL
|
+$796K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HBI
Hanesbrands
HBI
|
+$41.7M |
| 2 |
Oshkosh
OSK
|
+$33M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$17.4M |
| 4 |
Advance Auto Parts
AAP
|
+$14.9M |
| 5 |
Ingredion
INGR
|
+$3.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.86% |
| 2 | Consumer Discretionary | 10.96% |
| 3 | Industrials | 4.89% |
| 4 | Communication Services | 4.29% |
| 5 | Energy | 1.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.01B | 45.67% |
3,638,900
+137,800
| +4% | +$38.5M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $347M | 15.69% |
1,249,775
-62,129
| -5% | -$17.4M |
|
3
Brookfield
BN
$93.1B
| $121M | 5.47% |
4,405,697
-57,543
| -1% | -$1.47M |
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $88.4M | 3.99% |
705,160
-4,940
| -0.7% | -$589K |
|
5
LKQ Corp
LKQ
$6.52B
| $68.2M | 3.08% |
1,384,805
-14,579
| -1% | -$697K |
|
|
6
CarMax
KMX
$8.82B
| $67.6M | 3.06% |
523,801
+146,817
| +39% | +$18.2M |
|
7
FedEx
FDX
$76.9B
| $62.8M | 2.84% |
210,486
-1,565
| -0.7% | -$464K |
|
|
8
Markel Group
MKL
$22.2B
| $47.7M | 2.16% |
40,217
+664
| +2% | +$796K |
|
9
Restaurant Brands International
QSR
$28.2B
| $45.8M | 2.07% |
710,639
-857
| -0.1% | -$57.7K |
|
|
10
AerCap
AER
$23B
| $44.3M | 2% |
864,319
+361,561
| +72% | +$20.9M |
|
11
Wells Fargo
WFC
$254B
| $40M | 1.81% |
883,808
-8,610
| -1% | -$384K |
|
12
Suncor Energy
SU
$80B
| $39.3M | 1.77% |
1,637,637
+7,637
| +0.5% | +$175K |
|
13
Bread Financial
BFH
$4.07B
| $33.2M | 1.5% |
398,789
+4,594
| +1% | +$416K |
|
|
14
Wayfair
W
$13.9B
| $31.1M | 1.4% |
98,519
+96,944
| +6,155% | +$30.4M |
|
|
15
Advance Auto Parts
AAP
$2.57B
| $24.4M | 1.1% |
119,180
-75,757
| -39% | -$14.9M |
|
|
16
Quest Diagnostics
DGX
$27B
| $23.9M | 1.08% |
181,478
+14,938
| +9% | +$1.96M |
|
|
17
Ingredion
INGR
$6.74B
| $22.5M | 1.02% |
248,496
-33,215
| -12% | -$3.1M |
|
|
18
Berkshire Hathaway Class A
BRK.A
$1.06T
| $20.9M | 0.95% |
50
| – | – |
|
19
Apple
AAPL
$4.51T
| $4.68M | 0.21% |
34,198
+230
| +0.7% | +$29.8K |
|
20
Verizon
VZ
$205B
| $3.96M | 0.18% |
70,632
+10,702
| +18% | +$614K |
|
21
Bank of America
BAC
$431B
| $3.11M | 0.14% |
75,332
-513
| -0.7% | -$21K |
|
|
HBI
22
DELISTED
Hanesbrands
HBI
| $2.74M | 0.12% |
146,720
-2,105,011
| -93% | -$41.7M |
|
23
Walt Disney
DIS
$186B
| $2.58M | 0.12% |
14,703
| – | – |
|
24
Biglari Holdings Class A
BH.A
$1.24B
| $1.78M | 0.08% |
2,289
+295
| +15% | +$228K |
|
25
Trupanion
TRUP
$1.36B
| $1.72M | 0.08% |
14,915
+1,365
| +10% | +$119K |
|
Similar funds
Steven Check's Q2 2021 Portfolio in Review
As of Q2 2021, Steven Check held 53 positions worth $2.21B, up 8.1% from $2.05B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Steven Check's Q2 2021 filing shows 3 new, 19 increased, 13 reduced and 2 closed positions. Its largest new stake was Alibaba: 1,365 shares worth $310K. The largest sale was Hanesbrands, an estimated $41.7M.
By sector, the portfolio is most concentrated in Financials at 28% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Steven Check's largest Q2 2021 buy was Alibaba: 1,365 shares worth $310K.
- Steven Check added most to Wayfair in Q2 2021, an estimated $30.4M increase.
- Steven Check's biggest Q2 2021 reduction was Hanesbrands, cutting an estimated $41.7M.
- Steven Check fully exited Oshkosh in Q2 2021, selling an estimated $33M.
- Steven Check's ten largest holdings make up 86% of its $2.21B portfolio in Q2 2021.
- Steven Check opened 3 new positions and closed 2 in Q2 2021.
- Steven Check's portfolio value rose 8.1% quarter-over-quarter to $2.21B.
Based on Check Capital Management's 13F filing for Q2 2021, filed 9 Aug 2021.