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 |
Bread Financial
BFH
|
+$2.7M |
| 2 |
CarMax
KMX
|
+$799K |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$389K |
| 4 |
AerCap
AER
|
+$374K |
| 5 |
Wayfair
W
|
+$349K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$22.4M |
| 2 |
LYLT
Loyalty Ventures Inc. Common Stock
LYLT
|
+$4.82M |
| 3 |
Brookfield
BN
|
+$2.23M |
| 4 |
Suncor Energy
SU
|
+$2.16M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$1.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.43% |
| 2 | Consumer Discretionary | 8.96% |
| 3 | Industrials | 4.14% |
| 4 | Communication Services | 3.86% |
| 5 | Energy | 3.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $995M | 49.71% |
3,643,700
-68,300
| -2% | -$21.4M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $328M | 16.4% |
1,201,765
-71,278
| -6% | -$22.4M |
|
|
3
Brookfield
BN
$93.1B
| $99.2M | 4.96% |
4,138,678
-83,453
| -2% | -$2.23M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $72.3M | 3.61% |
661,300
-10,400
| -2% | -$1.23M |
|
|
5
Suncor Energy
SU
$80B
| $68.6M | 3.43% |
1,955,192
-59,339
| -3% | -$2.16M |
|
6
LKQ Corp
LKQ
$6.52B
| $64.8M | 3.24% |
1,319,486
-24,337
| -2% | -$1.2M |
|
7
Markel Group
MKL
$22.2B
| $52.9M | 2.64% |
40,899
-322
| -0.8% | -$442K |
|
|
8
CarMax
KMX
$8.82B
| $47.6M | 2.38% |
525,824
+8,499
| +2% | +$799K |
|
9
FedEx
FDX
$76.9B
| $46.5M | 2.33% |
205,282
-2,975
| -1% | -$635K |
|
10
Restaurant Brands International
QSR
$28.2B
| $35.6M | 1.78% |
709,558
-6,064
| -0.8% | -$324K |
|
|
11
AerCap
AER
$23B
| $35.5M | 1.77% |
867,440
+8,064
| +0.9% | +$374K |
|
12
Wells Fargo
WFC
$254B
| $30.8M | 1.54% |
786,992
-4,736
| -0.6% | -$208K |
|
13
Quest Diagnostics
DGX
$27B
| $23.7M | 1.18% |
178,138
-1,265
| -0.7% | -$172K |
|
14
Advance Auto Parts
AAP
$2.57B
| $20.9M | 1.04% |
120,760
-335
| -0.3% | -$66.4K |
|
|
15
Berkshire Hathaway Class A
BRK.A
$1.06T
| $19.6M | 0.98% |
48
| – | – |
|
|
16
Bread Financial
BFH
$4.07B
| $14.1M | 0.7% |
379,822
+52,900
| +16% | +$2.7M |
|
|
17
Wayfair
W
$13.9B
| $8.24M | 0.41% |
189,136
+4,968
| +3% | +$349K |
|
18
Apple
AAPL
$4.51T
| $4.63M | 0.23% |
33,866
| – | – |
|
19
Walt Disney
DIS
$186B
| $4.16M | 0.21% |
44,026
-1,910
| -4% | -$212K |
|
20
Bank of America
BAC
$431B
| $2.88M | 0.14% |
92,572
+6,368
| +7% | +$229K |
|
21
Microsoft
MSFT
$3.59T
| $1.55M | 0.08% |
6,029
| – | – |
|
22
Biglari Holdings Class A
BH.A
$1.24B
| $1.44M | 0.07% |
2,444
+100
| +4% | +$66.1K |
|
23
Trupanion
TRUP
$1.36B
| $942K | 0.05% |
15,640
+350
| +2% | +$23.8K |
|
24
Amgen
AMGN
$238B
| $905K | 0.05% |
3,720
-50
| -1% | -$12.3K |
|
25
Verizon
VZ
$205B
| $666K | 0.03% |
13,128
-20,300
| -61% | -$1.03M |
|
Similar funds
Steven Check's Q2 2022 Portfolio in Review
As of Q2 2022, Steven Check held 46 positions worth $2B, down 22% from $2.57B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Steven Check's Q2 2022 filing shows 1 new, 9 increased, 18 reduced and 5 closed positions. Its largest new stake was Activision Blizzard: 5,000 shares worth $389K. The largest sale was Berkshire Hathaway Class B, an estimated $22.4M.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Steven Check's largest Q2 2022 buy was Activision Blizzard: 5,000 shares worth $389K.
- Steven Check added most to Bread Financial in Q2 2022, an estimated $2.7M increase.
- Steven Check's biggest Q2 2022 reduction was Berkshire Hathaway Class B, cutting an estimated $22.4M.
- Steven Check fully exited Loyalty Ventures Inc. Common Stock in Q2 2022, selling an estimated $4.82M.
- Steven Check's ten largest holdings make up 90% of its $2B portfolio in Q2 2022.
- Steven Check opened 1 new position and closed 5 in Q2 2022.
- Steven Check's portfolio value fell 22% quarter-over-quarter to $2B.
Based on Check Capital Management's 13F filing for Q2 2022, filed 28 Jul 2022.