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 |
First Citizens BancShares
FCNCA
|
+$11.8M |
| 2 |
Markel Group
MKL
|
+$4.74M |
| 3 |
Brookfield
BN
|
+$973K |
| 4 |
Uber
UBER
|
+$193K |
| 5 |
Bank of America
BAC
|
+$126K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bread Financial
BFH
|
+$11.8M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$2.57M |
| 3 |
LKQ Corp
LKQ
|
+$2.13M |
| 4 |
Suncor Energy
SU
|
+$1.63M |
| 5 |
FedEx
FDX
|
+$1.45M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.34% |
| 2 | Consumer Discretionary | 5.35% |
| 3 | Industrials | 4.1% |
| 4 | Communication Services | 3.88% |
| 5 | Energy | 2.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.34B | 52.88% |
3,918,400
+190,900
| +5% | +$62.3M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $464M | 18.36% |
1,360,222
-67
| -0% | -$21.9K |
|
|
3
Brookfield
BN
$93.1B
| $101M | 4.01% |
4,519,085
+45,896
| +1% | +$973K |
|
|
4
Markel Group
MKL
$22.2B
| $99.6M | 3.94% |
71,999
+3,532
| +5% | +$4.74M |
|
|
5
Alphabet (Google) Class C
GOOG
$4.18T
| $94.3M | 3.73% |
779,965
-22,180
| -3% | -$2.57M |
|
|
6
LKQ Corp
LKQ
$6.52B
| $69.6M | 2.75% |
1,194,009
-38,361
| -3% | -$2.13M |
|
|
7
Suncor Energy
SU
$80B
| $53.2M | 2.11% |
1,815,960
-54,479
| -3% | -$1.63M |
|
8
AerCap
AER
$23B
| $53M | 2.1% |
833,810
-21,507
| -3% | -$1.24M |
|
9
CarMax
KMX
$8.82B
| $52.1M | 2.06% |
622,824
-15,279
| -2% | -$1.12M |
|
|
10
FedEx
FDX
$76.9B
| $49.3M | 1.95% |
198,859
-6,327
| -3% | -$1.45M |
|
11
Wells Fargo
WFC
$254B
| $32.5M | 1.29% |
761,930
-19,292
| -2% | -$777K |
|
12
Quest Diagnostics
DGX
$27B
| $25M | 0.99% |
178,086
-4,790
| -3% | -$660K |
|
|
13
Berkshire Hathaway Class A
BRK.A
$1.06T
| $23.8M | 0.94% |
46
| – | – |
|
|
14
First Citizens BancShares
FCNCA
$24.7B
| $13.1M | 0.52% |
+10,188
| New | +$11.8M |
|
15
Wayfair
W
$13.9B
| $10.6M | 0.42% |
162,513
-18,358
| -10% | -$773K |
|
16
Apple
AAPL
$4.51T
| $6.61M | 0.26% |
34,080
| – | – |
|
|
17
Bank of America
BAC
$431B
| $4.53M | 0.18% |
157,886
+4,429
| +3% | +$126K |
|
18
Walt Disney
DIS
$186B
| $3.26M | 0.13% |
36,469
-1,589
| -4% | -$151K |
|
19
Biglari Holdings Class A
BH.A
$1.24B
| $2.22M | 0.09% |
2,342
-4
| -0.2% | -$3.7K |
|
20
Microsoft
MSFT
$3.59T
| $1.98M | 0.08% |
5,804
-125
| -2% | -$39.2K |
|
21
Brookfield Asset Management
BAM
$83.5B
| $1.83M | 0.07% |
55,935
-262
| -0.5% | -$8.43K |
|
22
Amgen
AMGN
$238B
| $826K | 0.03% |
3,720
| – | – |
|
23
iShares Future Exponential Technologies ETF
XT
$3.97B
| $467K | 0.02% |
8,400
| – | – |
|
24
Caterpillar
CAT
$381B
| $422K | 0.02% |
1,717
| – | – |
|
25
Tesla
TSLA
$1.43T
| $414K | 0.02% |
1,581
+78
| +5% | +$15.6K |
|
Similar funds
Steven Check's Q2 2023 Portfolio in Review
As of Q2 2023, Steven Check held 42 positions worth $2.53B, up 13% from $2.24B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Steven Check's Q2 2023 filing shows 3 new, 7 increased, 17 reduced and 2 closed positions. Its largest new stake was First Citizens BancShares: 10,188 shares worth $13.1M. The largest sale was Bread Financial, an estimated $11.8M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 30% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Steven Check's largest Q2 2023 buy was First Citizens BancShares: 10,188 shares worth $13.1M.
- Steven Check added most to Markel Group in Q2 2023, an estimated $4.74M increase.
- Steven Check's biggest Q2 2023 reduction was Alphabet (Google) Class C, cutting an estimated $2.57M.
- Steven Check fully exited Bread Financial in Q2 2023, selling an estimated $11.8M.
- Steven Check's ten largest holdings make up 94% of its $2.53B portfolio in Q2 2023.
- Steven Check opened 3 new positions and closed 2 in Q2 2023.
- Steven Check's portfolio value rose 13% quarter-over-quarter to $2.53B.
Based on Check Capital Management's 13F filing for Q2 2023, filed 10 Aug 2023.