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 |
Alphabet (Google) Class C
GOOG
|
+$13.3M |
| 2 |
Markel Group
MKL
|
+$12.2M |
| 3 |
Bank of America
BAC
|
+$590K |
| 4 |
Brookfield Asset Management
BAM
|
+$299K |
| 5 |
Advance Auto Parts
AAP
|
+$252K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Restaurant Brands International
QSR
|
+$32.7M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$15.9M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$5.39M |
| 4 |
Brookfield
BN
|
+$3.41M |
| 5 |
LKQ Corp
LKQ
|
+$1.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.99% |
| 2 | Consumer Discretionary | 6.47% |
| 3 | Industrials | 4.2% |
| 4 | Communication Services | 3.61% |
| 5 | Energy | 2.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.09B | 52.51% |
3,528,700
-32,000
| -0.9% | -$9.5M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $352M | 16.95% |
1,138,774
-53,446
| -4% | -$15.9M |
|
|
3
Brookfield
BN
$93.1B
| $84.9M | 4.09% |
4,050,174
-151,982
| -4% | -$3.41M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $71M | 3.42% |
799,675
+139,314
| +21% | +$13.3M |
|
|
5
Markel Group
MKL
$22.2B
| $70.6M | 3.4% |
53,594
+9,865
| +23% | +$12.2M |
|
|
6
LKQ Corp
LKQ
$6.52B
| $67.2M | 3.24% |
1,258,293
-28,168
| -2% | -$1.49M |
|
7
Suncor Energy
SU
$80B
| $60.2M | 2.9% |
1,896,306
-36,084
| -2% | -$1.19M |
|
8
AerCap
AER
$23B
| $50.3M | 2.42% |
862,639
-4,365
| -0.5% | -$241K |
|
9
FedEx
FDX
$76.9B
| $35.7M | 1.72% |
205,912
+1,128
| +0.6% | +$187K |
|
10
Wells Fargo
WFC
$254B
| $32.5M | 1.56% |
786,532
+2,159
| +0.3% | +$95.6K |
|
11
CarMax
KMX
$8.82B
| $32M | 1.54% |
526,099
+147
| +0% | +$9.44K |
|
12
Quest Diagnostics
DGX
$27B
| $28M | 1.35% |
179,200
+493
| +0.3% | +$70.8K |
|
|
13
Advance Auto Parts
AAP
$2.57B
| $27.3M | 1.31% |
185,554
+1,554
| +0.8% | +$252K |
|
|
14
Berkshire Hathaway Class A
BRK.A
$1.06T
| $21.6M | 1.04% |
46
-12
| -21% | -$5.39M |
|
15
Bread Financial
BFH
$4.07B
| $14.4M | 0.7% |
383,319
+2,092
| +0.5% | +$75.5K |
|
16
Wayfair
W
$13.9B
| $6.04M | 0.29% |
183,606
-6,220
| -3% | -$217K |
|
17
Apple
AAPL
$4.51T
| $4.49M | 0.22% |
34,580
+673
| +2% | +$96.2K |
|
|
18
Bank of America
BAC
$431B
| $3.9M | 0.19% |
117,661
+17,142
| +17% | +$590K |
|
19
Walt Disney
DIS
$186B
| $3.37M | 0.16% |
38,843
-4,661
| -11% | -$446K |
|
20
Biglari Holdings Class A
BH.A
$1.24B
| $1.62M | 0.08% |
2,344
| – | – |
|
21
Microsoft
MSFT
$3.59T
| $1.42M | 0.07% |
5,929
-25
| -0.4% | -$6K |
|
22
Amgen
AMGN
$238B
| $977K | 0.05% |
3,720
| – | – |
|
23
Trupanion
TRUP
$1.36B
| $732K | 0.04% |
15,400
+360
| +2% | +$18.7K |
|
24
Verizon
VZ
$205B
| $509K | 0.02% |
12,928
| – | – |
|
25
Goldman Sachs
GS
$303B
| $422K | 0.02% |
1,230
| – | – |
|
Similar funds
Steven Check's Q4 2022 Portfolio in Review
As of Q4 2022, Steven Check held 42 positions worth $2.08B, up 11% from $1.88B the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Steven Check's Q4 2022 filing shows 3 new, 12 increased, 12 reduced and 4 closed positions. Its largest new stake was Brookfield Asset Management: 9,952 shares worth $285K. The largest sale was Restaurant Brands International, an estimated $32.7M.
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 Q4 2022 buy was Brookfield Asset Management: 9,952 shares worth $285K.
- Steven Check added most to Alphabet (Google) Class C in Q4 2022, an estimated $13.3M increase.
- Steven Check's biggest Q4 2022 reduction was Berkshire Hathaway Class B, cutting an estimated $15.9M.
- Steven Check fully exited Restaurant Brands International in Q4 2022, selling an estimated $32.7M.
- Steven Check's ten largest holdings make up 92% of its $2.08B portfolio in Q4 2022.
- Steven Check opened 3 new positions and closed 4 in Q4 2022.
- Steven Check's portfolio value rose 11% quarter-over-quarter to $2.08B.
Based on Check Capital Management's 13F filing for Q4 2022, filed 6 Feb 2023.