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
|
+$11.6M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$4.28M |
| 3 |
Markel Group
MKL
|
+$3.45M |
| 4 |
Brookfield
BN
|
+$1.64M |
| 5 |
Occidental Petroleum
OXY
|
+$641K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Restaurant Brands International
QSR
|
+$5.33M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$2.72M |
| 3 |
LKQ Corp
LKQ
|
+$1.73M |
| 4 |
Suncor Energy
SU
|
+$720K |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$389K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.22% |
| 2 | Consumer Discretionary | 8.8% |
| 3 | Communication Services | 3.63% |
| 4 | Industrials | 3.61% |
| 5 | Energy | 2.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $951M | 50.64% |
3,560,700
-83,000
| -2% | -$23.6M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $318M | 16.96% |
1,192,220
-9,545
| -0.8% | -$2.72M |
|
|
3
Brookfield
BN
$93.1B
| $92.6M | 4.93% |
4,202,156
+63,478
| +2% | +$1.64M |
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $63.5M | 3.38% |
660,361
-939
| -0.1% | -$105K |
|
|
5
LKQ Corp
LKQ
$6.52B
| $60.7M | 3.23% |
1,286,461
-33,025
| -3% | -$1.73M |
|
|
6
Suncor Energy
SU
$80B
| $54.4M | 2.9% |
1,932,390
-22,802
| -1% | -$720K |
|
|
7
Markel Group
MKL
$22.2B
| $47.4M | 2.53% |
43,729
+2,830
| +7% | +$3.45M |
|
8
AerCap
AER
$23B
| $36.7M | 1.95% |
867,004
-436
| -0.1% | -$19.3K |
|
9
CarMax
KMX
$8.82B
| $34.7M | 1.85% |
525,952
+128
| +0% | +$11.7K |
|
|
10
Restaurant Brands International
QSR
$28.2B
| $32.7M | 1.74% |
615,176
-94,382
| -13% | -$5.33M |
|
11
Wells Fargo
WFC
$254B
| $31.5M | 1.68% |
784,373
-2,619
| -0.3% | -$113K |
|
12
FedEx
FDX
$76.9B
| $30.4M | 1.62% |
204,784
-498
| -0.2% | -$105K |
|
|
13
Advance Auto Parts
AAP
$2.57B
| $28.8M | 1.53% |
184,000
+63,240
| +52% | +$11.6M |
|
|
14
Berkshire Hathaway Class A
BRK.A
$1.06T
| $23.6M | 1.26% |
58
+10
| +21% | +$4.28M |
|
15
Quest Diagnostics
DGX
$27B
| $21.9M | 1.17% |
178,707
+569
| +0.3% | +$74.9K |
|
16
Bread Financial
BFH
$4.07B
| $12M | 0.64% |
381,227
+1,405
| +0.4% | +$55.1K |
|
17
Wayfair
W
$13.9B
| $6.18M | 0.33% |
189,826
+690
| +0.4% | +$36.5K |
|
18
Apple
AAPL
$4.51T
| $4.69M | 0.25% |
33,907
+41
| +0.1% | +$6.43K |
|
19
Walt Disney
DIS
$186B
| $4.1M | 0.22% |
43,504
-522
| -1% | -$55.9K |
|
20
Bank of America
BAC
$431B
| $3.04M | 0.16% |
100,519
+7,947
| +9% | +$266K |
|
21
Microsoft
MSFT
$3.59T
| $1.39M | 0.07% |
5,954
-75
| -1% | -$19.8K |
|
22
Biglari Holdings Class A
BH.A
$1.24B
| $1.36M | 0.07% |
2,344
-100
| -4% | -$62.3K |
|
23
Trupanion
TRUP
$1.36B
| $894K | 0.05% |
15,040
-600
| -4% | -$40.3K |
|
24
Amgen
AMGN
$238B
| $838K | 0.04% |
3,720
| – | – |
|
|
25
Occidental Petroleum
OXY
$61.3B
| $615K | 0.03% |
+10,010
| New | +$641K |
|
Similar funds
Steven Check's Q3 2022 Portfolio in Review
As of Q3 2022, Steven Check held 43 positions worth $1.88B, down 6.2% from $2B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Steven Check's Q3 2022 filing shows 2 new, 12 increased, 16 reduced and 4 closed positions. Its largest new stake was Occidental Petroleum: 10,010 shares worth $615K. The largest sale was Restaurant Brands International, an estimated $5.33M.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Steven Check's largest Q3 2022 buy was Occidental Petroleum: 10,010 shares worth $615K.
- Steven Check added most to Advance Auto Parts in Q3 2022, an estimated $11.6M increase.
- Steven Check's biggest Q3 2022 reduction was Restaurant Brands International, cutting an estimated $5.33M.
- Steven Check fully exited Activision Blizzard in Q3 2022, selling an estimated $389K.
- Steven Check's ten largest holdings make up 90% of its $1.88B portfolio in Q3 2022.
- Steven Check opened 2 new positions and closed 4 in Q3 2022.
- Steven Check's portfolio value fell 6.2% quarter-over-quarter to $1.88B.
Based on Check Capital Management's 13F filing for Q3 2022, filed 2 Nov 2022.