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Focused investors/Steven Check

Steven Check - Check Capital Management

As of Q2 2026, Steven Check reported 16 long-equity positions worth $1.74B in aggregate.

It also disclosed $2.01B of call notional. Notional is the contracts’ face value, not the premium paid, so it is reported separately from the equity above — see the Options section below.

Copy-investor backtest

Latest quarter
+5.84%
1-year
+13.99%
3-year
+79.29%
5-year
+57.77%
3-year vs S&P 500
-26.05%
5-year vs S&P 500
-16.34%
5-year top 5
+86.77%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Updated 2026-09-12 from SEC 13F data.

Live quotes available for 42 of 61 rows. Rows without a quote are marked unavailable.

1BRK-BBerkshire Hathaway30.22%Reduce -0.8%1,992,058$271.14M$136.11No quote
2WFCWells Fargo11.08%Reduce -1.7%1,767,209$99.39M$56.24No quote
3IBMIBM7.22%Reduce -1.3%398,237$64.78M$162.66No quote
4VZVerizon6.06%Add +0.3%1,167,499$54.42M$46.61No quote
5AFLAflac4.98%Reduce -1.1%718,557$44.69M$62.20No quote
6AXPAmerican Express3.88%Reduce -2.2%447,880$34.81M$77.72No quote
7QCOMQualcomm3.81%Reduce -1.9%545,283$34.15M$62.63No quote
8ESRXExpress Scripts3.67%Add +5308.9%370,510$32.95MNo quoteNo quote
9PCPPrecision Castparts3.42%Reduce -2.1%153,525$30.69MNo quoteNo quote
10ORCLOracle Systems3.41%Reduce -2.6%758,840$30.58M$40.30No quote
11SUSuncor3.25%Reduce -2.4%1,059,715$29.16M$27.52No quote
12INGRIngredion2.74%Reduce -0.9%308,170$24.6M$79.81No quote
13MKLMarkel2.55%Add +0.6%28,548$22.86M$800.69No quote
14ACNAccenture2.31%Reduce -4.5%213,700$20.68M$96.78No quote
15MCDMcDonald's2.19%Reduce -4.8%206,426$19.63M$95.07No quote
16USBUS Bancorp1.77%Add +95.3%365,483$15.86M$43.40No quote
17EMREmerson Electric1.73%Add +0.1%280,162$15.53M$55.43No quote
18BRK-ABerkshire Hathaway 'A'1.21%-53$10.86M$204849.06No quote
19WMTWal-Mart0.95%Add +12.8%120,232$8.53M$70.93No quote
20JNJJohnson & Johnson0.82%Add +42.8%75,544$7.36M$97.47No quote
21HOGHarley-Davidson0.76%New120,424$6.79M$56.35No quote
22ABTAbbott Labs0.47%Reduce -12.0%85,205$4.18M$49.08No quote
23AAPLApple0.28%-19,954$2.5M$125.44No quote
24MSFTMicrosoft0.22%Add +79.5%44,703$1.97M$44.16No quote
25ESVEnsco0.08%Add +5.6%33,150$738KNo quoteNo quote
26UNHUnitedHealth0.07%-5,400$659K$122.04No quote
27CSXC S X0.07%Add +102.9%18,931$618K$32.64No quote
28SYNASynaptics0.07%-7,100$616K$86.76No quote
29CVXChevron0.06%Add +12.8%5,960$575K$96.48No quote
30HALHalliburton0.06%Add +0.8%12,451$536K$43.05No quote
31COPConocophillips0.05%-7,548$464K$61.47No quote
32COFCapital One Fin'l0.05%-5,100$449K$88.04No quote
33TAT&T0.05%-12,100$430K$35.54No quote
34AMGNAmgen0.05%Add +71.9%2,750$422K$153.45No quote
35GLWCorning0.05%Reduce -4.4%20,634$407K$19.72No quote
36MEIMethode Electronics0.04%New12,000$329KNo quoteNo quote
37FASTFastenal0.04%Add +12.6%7,600$321K$42.24No quote
38SHProshares Short S&P 5000.03%-13,500$288KNo quoteNo quote
39LUKLeucadia National0.03%Reduce -96.6%11,430$278KNo quoteNo quote
40OXYOccidental Petroleum0.03%-3,557$277K$77.87No quote
41PMPhilip Morris Intl0.03%-3,412$274K$80.30No quote
42CCitigroup0.03%-4,100$226K$55.12No quote
43GEGeneral Electric0.03%-8,443$224K$26.53No quote
44TGITriumph Group0.02%-3,350$221KNo quoteNo quote
45BRCMBroadcom Cl A Class A0.02%New4,100$211KNo quoteNo quote
46BACBank of America0.02%Add +0.0%12,295$209K$17.00No quote
47SMSISmith Micro Software0.02%Add +0.8%179,500$206KNo quoteNo quote
48GOOGLGoogle Class A0.02%-371$200K$539.08No quote
58TRVTravelers Companies-Sold0$0No quoteNo quote
57RKTRock Tenn-Sold0$0No quoteNo quote
56PEPPepsico-Sold0$0No quoteNo quote
55NOVNational Oilwell Varco-Sold0$0No quoteNo quote
54GOOGGoogle-Sold0$0No quoteNo quote
53DUKDuke Power & Light-Sold0$0No quoteNo quote
52DTVDirecTV-Sold0$0No quoteNo quote
51KOCoca-Cola-Sold0$0No quoteNo quote
50BABoeing Co-Sold0$0No quoteNo quote
49BBBYQBed Bath & Beyond-Sold0$0No quoteNo quote

Options positions

Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.

1BRK-BBerkshire HathawayCOMCALLReduce -30.7%1,209,100$164.57M
2IBMIBMCOMCALL-14,000$2.28M
3WFCWells FargoCOMCALL-2,400$135K