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

1BRK-BBerkshire Hathaway29.55%Reduce -3.5%1,303,495$232.69M$178.5152w: $159.50 - $231.61; reported $178.51
2BAMBrookfield Asset Mgmt11.04%Add +42.5%2,642,407$86.94M$32.90No quote
3GOOGAlphabet Class C7.16%Reduce -4.7%39,881$56.38M$1413.6152w: $50.68 - $76.61; reported $1413.61
4KMXCarMax5.80%Reduce -27.3%510,380$45.71M$89.5552w: $37.59 - $103.18; reported $89.55
5FDXFedEx5.66%Reduce -4.5%317,885$44.57M$140.2252w: $71.47 - $133.16; reported $140.22
6LKQLKQ Corp5.17%Reduce -5.1%1,553,651$40.71M$26.2052w: $13.31 - $36.02; reported $26.20
7HBIHanesbrands3.74%Reduce -5.0%2,611,440$29.48MNo quoteNo quote
8AAPAdvance Auto Parts3.70%Reduce -5.0%204,628$29.15M$142.4552w: $71.33 - $160.95; reported $142.45
9INGRIngredion3.37%Reduce -6.0%319,821$26.55M$83.0052w: $59.11 - $99.51; reported $83.00
10WFCWells Fargo3.30%Reduce -4.0%1,016,042$26.01M$25.6052w: $22.00 - $54.04; reported $25.60
11SUSuncor3.22%Reduce -6.0%1,504,996$25.37M$16.8652w: $9.61 - $34.56; reported $16.86
12AXPAmerican Express3.21%Reduce -17.7%265,091$25.24M$95.2052w: $67.00 - $138.13; reported $95.20
13-Cimpress NVCUSIP 0452902553.19%Reduce -5.3%329,288$25.14MNo quoteNo quote
14OSKOshkosh Truck2.94%Reduce -5.2%323,424$23.16M$71.6252w: $46.72 - $95.20; reported $71.62
15USBUS Bancorp2.65%Reduce -4.5%567,367$20.89M$36.8252w: $28.36 - $59.48; reported $36.82
16BRK-ABerkshire Hathaway 'A'2.04%-60$16.04M$267300.0052w: $239440.00 - $347400.00; reported $267300.00
17BFHAlliance Data Sys1.97%Reduce -4.7%343,434$15.5M$45.1252w: $16.37 - $92.27; reported $45.12
18AAPLApple0.42%Reduce -0.3%9,027$3.29M$364.7952w: $53.15 - $93.09; reported $364.79
19DISDisney (Walt)0.37%Reduce -0.4%26,373$2.94M$111.5252w: $79.07 - $148.20; reported $111.52
20VZVerizon0.37%Reduce -0.9%53,181$2.93M$55.1352w: $48.84 - $61.45; reported $55.13
21TRUPTrupanion Inc.0.16%Reduce -0.2%29,140$1.24M$42.6952w: $22.48 - $43.50; reported $42.69
22MSFTMicrosoft0.15%Reduce -8.0%5,967$1.21M$203.4552w: $132.52 - $204.40; reported $203.45
23AMGNAmgen0.12%Reduce -0.3%3,970$936K$235.7752w: $177.05 - $244.95; reported $235.77
24MKLMarkel0.09%Reduce -11.9%780$720K$923.0852w: $710.52 - $1347.64; reported $923.08
25BHABiglari Cl A0.06%Add +12.4%1,491$499KNo quoteNo quote
26GSGoldman Sachs0.06%-2,330$460K$197.4252w: $130.85 - $250.46; reported $197.42
27QCOMQualcomm0.05%Reduce -3.2%4,435$405K$91.3252w: $58.00 - $96.17; reported $91.32
28XTIShares Exponential Technologi0.05%-8,200$365K$44.51No quote
29WWayfair0.04%New1,718$339K$197.3252w: $21.70 - $221.53; reported $197.32
30BUDAnheuser-Busch InBev0.04%Reduce -20.9%6,800$335K$49.2652w: $32.58 - $83.54; reported $49.26
31AMZNAmazon Com0.04%-117$323K$2760.6852w: $81.30 - $139.80; reported $2760.68
32FASTFastenal0.04%Reduce -13.4%6,760$290K$42.9052w: $13.36 - $21.60; reported $42.90
33BACBank of America0.04%Add +1.2%11,650$277K$23.7852w: $17.95 - $35.67; reported $23.78
34CVXChevron0.03%New2,922$261K$89.3252w: $51.60 - $122.72; reported $89.32
35CATCaterpillar Tractor0.03%Reduce -2.8%2,050$259K$126.3452w: $87.50 - $150.55; reported $126.34
36SPYSPDR S&P 5000.03%-800$247K$308.7552w: $218.26 - $339.08; reported $308.75
37JNJJohnson & Johnson0.03%-1,720$242K$140.7052w: $109.16 - $157.00; reported $140.70
38CCitigroup0.03%New3,935$201K$51.0852w: $32.00 - $83.11; reported $51.08
39GEGeneral Electric0.01%New11,515$79K$6.8652w: $27.31 - $66.09; reported $6.86
44TROWPrice (T.Rowe)-Sold0$0No quoteNo quote
43MDYMid Cap S P D R Trust Unit Ser-Sold0$0No quoteNo quote
42IWMISHARES Russell 2000-Sold0$0No quoteNo quote
41HHyatt Hotels-Sold0$0No quoteNo quote
40EVTIEventure Interactive0.00%-50,000$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 -6.2%3,706,200$661.59M