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 |
Hershey
HSY
|
+$24.8M |
| 2 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$6.02M |
| 3 |
Markel Group
MKL
|
+$1.68M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$1.1M |
| 5 |
First Citizens BancShares
FCNCA
|
+$815K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$75.2M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$5.34M |
| 3 |
Quest Diagnostics
DGX
|
+$1.78M |
| 4 |
Suncor Energy
SU
|
+$918K |
| 5 |
AerCap
AER
|
+$597K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.09% |
| 2 | Consumer Discretionary | 4.4% |
| 3 | Industrials | 4.36% |
| 4 | Communication Services | 4.1% |
| 5 | Energy | 2.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.68B | 55.16% |
3,991,500
-136,100
| -3% | -$53.5M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $506M | 16.63% |
1,203,380
-191,075
| -14% | -$75.2M |
|
3
Brookfield
BN
$93.1B
| $127M | 4.18% |
4,556,543
+17,435
| +0.4% | +$470K |
|
|
4
Markel Group
MKL
$22.2B
| $117M | 3.86% |
77,207
+1,143
| +2% | +$1.68M |
|
|
5
Alphabet (Google) Class C
GOOG
$4.18T
| $117M | 3.86% |
771,258
+7,602
| +1% | +$1.1M |
|
|
6
AerCap
AER
$23B
| $75.8M | 2.49% |
871,891
-7,593
| -0.9% | -$597K |
|
7
LKQ Corp
LKQ
$6.52B
| $65.9M | 2.17% |
1,234,577
+1,404
| +0.1% | +$69.6K |
|
|
8
Suncor Energy
SU
$80B
| $63.5M | 2.09% |
1,721,025
-27,281
| -2% | -$918K |
|
9
FedEx
FDX
$76.9B
| $54.5M | 1.79% |
188,037
-694
| -0.4% | -$174K |
|
10
CarMax
KMX
$8.82B
| $53.3M | 1.75% |
612,181
+2,779
| +0.5% | +$210K |
|
|
11
First Citizens BancShares
FCNCA
$24.7B
| $45.5M | 1.49% |
27,801
+542
| +2% | +$815K |
|
|
12
Hershey
HSY
$37.5B
| $25M | 0.82% |
+128,588
| New | +$24.8M |
|
|
13
Berkshire Hathaway Class A
BRK.A
$1.06T
| $19M | 0.63% |
30
-9
| -23% | -$5.34M |
|
|
14
Quest Diagnostics
DGX
$27B
| $18M | 0.59% |
135,445
-13,707
| -9% | -$1.78M |
|
15
Wayfair
W
$13.9B
| $11M | 0.36% |
162,721
+14,417
| +10% | +$815K |
|
|
LSXMK
16
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $5.97M | 0.2% |
+200,832
| New | +$6.02M |
|
17
Apple
AAPL
$4.51T
| $5.55M | 0.18% |
32,384
-1,430
| -4% | -$260K |
|
18
Bank of America
BAC
$431B
| $5.13M | 0.17% |
135,408
-1,698
| -1% | -$58.3K |
|
19
Microsoft
MSFT
$3.59T
| $2.42M | 0.08% |
5,744
-100
| -2% | -$40.5K |
|
20
Brookfield Asset Management
BAM
$83.5B
| $2.26M | 0.07% |
53,783
-187
| -0.3% | -$7.56K |
|
21
Biglari Holdings Class A
BH.A
$1.24B
| $2.21M | 0.07% |
2,394
+45
| +2% | +$39.7K |
|
22
Amgen
AMGN
$238B
| $1.06M | 0.03% |
3,720
| – | – |
|
23
Trupanion
TRUP
$1.36B
| $893K | 0.03% |
32,355
+8,355
| +35% | +$233K |
|
24
iShares Future Exponential Technologies ETF
XT
$3.97B
| $742K | 0.02% |
12,450
| – | – |
|
25
Cardlytics
CDLX
$25.3M
| $615K | 0.02% |
4,248
+1,928
| +83% | +$163K |
|
Similar funds
Steven Check's Q1 2024 Portfolio in Review
As of Q1 2024, Steven Check held 50 positions worth $3.04B, up 12% from $2.72B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Steven Check withdrew a net $101M in Q1 2024, closing 1 position and reducing 16 holdings. Its most notable exit was Boeing, an estimated $268K position sold in full.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 29% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Steven Check opened a new position in Hershey worth $25M.
- Steven Check's largest Q1 2024 buy was Hershey: 128,588 shares worth $25M.
- Steven Check added most to Markel Group in Q1 2024, an estimated $1.68M increase.
- Steven Check's biggest Q1 2024 reduction was Berkshire Hathaway Class B, cutting an estimated $75.2M.
- Steven Check fully exited Boeing in Q1 2024, selling an estimated $268K.
- Steven Check's ten largest holdings make up 94% of its $3.04B portfolio in Q1 2024.
- Steven Check opened 5 new positions and closed 1 in Q1 2024.
- Steven Check's portfolio value rose 12% quarter-over-quarter to $3.04B.
Based on Check Capital Management's 13F filing for Q1 2024, filed 19 Apr 2024.