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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 45 of 58 rows. Rows without a quote are marked unavailable.

1BRK-BBerkshire Hathaway32.93%Add +9.5%2,194,363$311.34M$141.88No quote
2WFCWells Fargo8.19%Reduce -2.2%1,601,922$77.47M$48.36No quote
3VZVerizon7.40%Add +1.3%1,293,367$69.95M$54.08No quote
4IBMIBM5.86%Reduce -4.5%365,824$55.4M$151.45No quote
5AFLAflac5.40%Add +9.2%808,943$51.08M$63.14No quote
6FDXFedEx5.15%Add +26.8%299,431$48.72M$162.72No quote
7INGRIngredion3.51%Reduce -3.7%310,612$33.17M$106.79No quote
8USBUS Bancorp3.50%Add +97.5%814,694$33.07M$40.59No quote
9SUSuncor3.16%Reduce -1.9%1,075,856$29.92M$27.81No quote
10ORCLOracle Systems3.04%Reduce -1.3%701,453$28.7M$40.91No quote
11QCOMQualcomm3.03%Reduce -1.5%559,504$28.61M$51.14No quote
12ESRXExpress Scripts2.91%Add +1.6%400,880$27.54MNo quoteNo quote
13LHLab Corp of America2.78%New224,275$26.27M$117.13No quote
14AXPAmerican Express2.76%Reduce -4.3%424,639$26.07M$61.40No quote
15SPBSpectrum Brands2.46%Add +7.8%213,043$23.28M$109.28No quote
16JNJJohnson & Johnson1.66%Reduce -7.1%145,382$15.73M$108.20No quote
17EMREmerson Electric1.34%Reduce -5.4%233,056$12.67M$54.38No quote
18BRK-ABerkshire Hathaway 'A'1.15%Add +2.0%51$10.89M$213450.98No quote
19WMTWal-Mart1.02%Reduce -4.2%140,521$9.62M$68.49No quote
20HOGHarley-Davidson0.53%Reduce -6.8%97,252$4.99M$51.33No quote
21MSFTMicrosoft0.48%Reduce -6.7%82,247$4.54M$55.24No quote
22ABTAbbott Labs0.31%Add +29.7%70,276$2.94M$41.84No quote
23MKLMarkel0.18%Reduce -38.0%1,890$1.69M$891.53No quote
24AAPLApple0.14%Reduce -3.2%12,053$1.31M$109.02No quote
25PSXPhillips 660.10%New10,400$901K$86.63No quote
26ACNAccenture0.10%Reduce -26.4%7,800$900K$115.38No quote
27FASTFastenal0.09%Reduce -1.7%17,730$869K$49.01No quote
28MCDMcDonald's0.09%Reduce -43.5%6,800$855K$125.74No quote
29CSXC S X0.09%Reduce -14.7%32,631$840K$25.74No quote
30CVXChevron0.06%Add +1.4%5,865$560K$95.48No quote
31TAT&T0.06%Reduce -0.9%13,801$541K$39.20No quote
32MEIMethode Electronics0.05%Reduce -29.5%15,800$462KNo quoteNo quote
33DISDisney (Walt)0.04%Reduce -25.9%3,971$394K$99.22No quote
34GLWCorning0.04%Reduce -6.4%16,589$347K$20.92No quote
35GEGeneral Electric0.03%Add +1.6%9,998$318K$31.81No quote
36HALHalliburton0.03%Reduce -25.5%8,751$313K$35.77No quote
37MSMMSC Industrial0.03%-3,865$295K$76.33No quote
38COPConocophillips0.03%-7,100$286K$40.28No quote
39SHProshares Short S&P 5000.03%-13,500$276KNo quoteNo quote
40ESVEnsco0.03%Add +13.6%25,935$269KNo quoteNo quote
41BACBank of America0.03%Add +4.1%19,461$263K$13.51No quote
42KMBKimberly-Clark0.03%New1,936$260K$134.30No quote
43MMM3M0.03%New1,527$254K$166.34No quote
44AMGNAmgen0.03%Reduce -29.8%1,650$247K$149.70No quote
45VVisa0.03%-3,144$240K$76.34No quote
46LUKLeucadia National0.02%Add +22.8%14,030$227KNo quoteNo quote
47DUKDuke Power & Light0.02%New2,799$226KNo quoteNo quote
48COFCapital One Fin'l0.02%Reduce -25.0%3,000$208K$69.33No quote
49SMSISmith Micro Software0.01%New172,000$101KNo quoteNo quote
55-Smith Micro SoftwareCUSIP 83215410-Sold0$0No quoteNo quote
54PGProcter & Gamble-Sold0$0No quoteNo quote
53PCPPrecision Castparts-Sold0$0No quoteNo quote
52CVSCVS Caremark-Sold0$0No quoteNo quote
51CCitigroup-Sold0$0No quoteNo quote
50BRCMBroadcom Cl A Class A-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 HathawayCOMCALLAdd +21.6%1,596,500$226.51M
2IBMIBMCOMCALLReduce -63.3%4,000$606K
3WFCWells FargoCOMCALL-2,400$116K