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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 47 rows. Rows without a quote are marked unavailable.

1BRK-BBerkshire Hathaway32.60%Reduce -5.6%1,201,765$328.11M$273.0252w: $263.68 - $362.10; reported $273.02
2BAMBrookfield Asset Mgmt9.86%Reduce -2.0%2,230,492$99.19M$44.47No quote
3GOOGAlphabet Class C7.16%Reduce -1.6%32,924$72.02M$2187.4652w: $102.21 - $152.10; reported $2187.46
4SUSuncor6.81%Reduce -3.0%1,955,192$68.57M$35.0752w: $17.10 - $42.72; reported $35.07
5LKQLKQ Corp6.44%Reduce -1.8%1,319,486$64.77M$49.0952w: $42.36 - $60.43; reported $49.09
6MKLMarkel5.26%Reduce -0.8%40,899$52.89M$1293.2652w: $1175.35 - $1519.25; reported $1293.26
7KMXCarMax4.73%Add +1.6%525,824$47.58M$90.4852w: $84.37 - $155.98; reported $90.48
8FDXFedEx4.62%Reduce -1.4%205,282$46.54M$226.7152w: $155.37 - $243.88; reported $226.71
9QSRRestaurant Brands3.54%Reduce -0.8%709,558$35.58M$50.1552w: $46.68 - $68.53; reported $50.15
10AERAerCap Holdings3.53%Add +0.9%867,440$35.51M$40.9452w: $37.20 - $71.38; reported $40.94
11WFCWells Fargo3.06%Reduce -0.6%786,992$30.83M$39.1752w: $36.54 - $60.30; reported $39.17
12DGXQuest Diagnostics2.35%Reduce -0.7%178,138$23.69M$132.9852w: $125.33 - $174.16; reported $132.98
13AAPAdvance Auto Parts2.08%Reduce -0.3%120,760$20.9M$173.0952w: $164.00 - $244.55; reported $173.09
14BRK-ABerkshire Hathaway 'A'1.95%-48$19.63M$408937.5052w: $396500.00 - $544389.00; reported $408937.50
15-Cimpress NVCUSIP 0452902551.65%Reduce -1.2%427,642$16.64MNo quoteNo quote
16BFHBread Financial Holdings1.40%Add +16.2%379,822$14.08M$37.0652w: $36.28 - $86.75; reported $37.06
17WWayfair0.82%Add +2.7%189,136$8.24M$43.5652w: $43.31 - $321.75; reported $43.56
18AAPLApple0.46%-33,866$4.63M$136.7252w: $129.04 - $182.94; reported $136.72
19DISDisney (Walt)0.41%Reduce -4.2%44,026$4.16M$94.4052w: $92.01 - $187.58; reported $94.40
20BACBank of America0.29%Add +7.4%92,572$2.88M$31.1352w: $30.64 - $50.11; reported $31.13
21MSFTMicrosoft0.15%-6,029$1.55M$256.7652w: $241.51 - $349.67; reported $256.76
22BHABiglari Cl A0.14%Add +4.3%2,444$1.44MNo quoteNo quote
23TRUPTrupanion Inc.0.09%Add +2.3%15,640$942K$60.2352w: $50.81 - $158.25; reported $60.23
24AMGNAmgen0.09%Reduce -1.3%3,720$905K$243.2852w: $198.64 - $258.45; reported $243.28
25VZVerizon0.07%Reduce -60.7%13,128$666K$50.7352w: $45.55 - $56.85; reported $50.73
26XTIShares Exponential Technologi0.04%-8,400$403K$47.98No quote
27ATVIActivision Blizzard0.04%New5,000$389KNo quoteNo quote
28GSGoldman Sachs0.04%Reduce -7.5%1,230$365K$296.7552w: $278.15 - $426.16; reported $296.75
29AMZNAmazon Com0.04%Add +35.7%20:1 split3,420$363K$106.1452w: $101.26 - $188.65; reported $106.14
31TSLATesla Motors0.03%-501$337K$672.6552w: $206.82 - $414.50; reported $672.65
30FASTFastenal0.03%-6,760$337K$49.8552w: $24.05 - $32.38; reported $49.85
32SPYSPDR S&P 5000.03%-816$308K$377.4552w: $362.17 - $479.98; reported $377.45
34CATCaterpillar Tractor0.03%-1,717$307K$178.8052w: $176.02 - $237.90; reported $178.80
33GOOGLAlphabet Class A0.03%Add +25.9%141$307K$2177.3052w: $101.88 - $151.55; reported $2177.30
35COPConocophillips0.03%-3,404$306K$89.8952w: $51.41 - $124.08; reported $89.89
36CVXChevron0.03%Add +9.4%1,862$270K$145.0152w: $92.86 - $182.40; reported $145.01
37EWEdwards Lifesciences0.03%-2,700$257K$95.1952w: $85.58 - $131.73; reported $95.19
38QCOMQualcomm0.02%-1,635$209K$127.8352w: $118.23 - $193.58; reported $127.83
39ITWIllinois Tool Works0.02%-1,100$200K$181.8252w: $177.33 - $249.81; reported $181.82
40HBIHanesbrands0.01%Reduce -21.3%10,830$111KNo quoteNo quote
41-Metro Bank PLCCUSIP G606401020.00%-42,500$40KNo quoteNo quote
46LYLTLoyalty Ventures-Sold0$0No quoteNo quote
45GEGeneral Electric-Sold0$0No quoteNo quote
44CFGCitizens Financial Group-Sold0$0No quoteNo quote
43CCitigroup-Sold0$0No quoteNo quote
42CDLXCardlytics-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 -1.8%3,643,700$994.81M