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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 49 of 55 rows. Rows without a quote are marked unavailable.

1BRK-BBerkshire Hathaway36.77%Reduce -3.6%1,061,739$565.46M$532.5852w: $395.66 - $537.63; reported $532.58
2BNBrookfield Corp.10.20%Reduce -0.1%2,994,015$156.92M$52.4152w: $25.45 - $41.85; reported $52.41
3MKLMarkel9.61%Add +2.5%79,086$147.86M$1869.6152w: $1417.65 - $2063.68; reported $1869.61
4GOOGAlphabet7.44%Reduce -0.6%732,048$114.37M$156.2352w: $148.20 - $208.70; reported $156.23
5AERAerCap Holdings5.67%Reduce -1.1%853,261$87.18M$102.1752w: $81.93 - $107.36; reported $102.17
6LKQLKQ Corp4.43%Add +0.6%1,600,158$68.07M$42.5452w: $35.56 - $53.53; reported $42.54
7SUSuncor4.26%Reduce -0.5%1,692,875$65.55M$38.7252w: $33.81 - $41.95; reported $38.72
8FCNCAFirst Citizens4.09%Add +1.1%33,958$62.96M$1854.1352w: $1518.00 - $2412.93; reported $1854.13
9FDXFedEx3.18%Add +7.3%200,622$48.91M$243.7852w: $175.04 - $252.89; reported $243.78
10KMXCarMax3.09%Reduce -0.5%609,687$47.51M$77.9252w: $65.83 - $91.25; reported $77.92
11DISDisney (Walt)2.81%Reduce -0.1%438,568$43.29M$98.7052w: $83.91 - $123.69; reported $98.70
12HSYHershey Foods2.09%Add +1.9%188,075$32.17M$171.0352w: $140.13 - $211.92; reported $171.03
13SIRISirius XM1.72%Add +2.3%1,172,344$26.43M$22.5552w: $20.47 - $41.60; reported $22.55
14BRK-ABerkshire Hathaway 'A'1.42%Reduce -3.3%29$21.86M$753730.4152w: $596000.00 - $806024.00; reported $753730.41
15-CimpressCUSIP 0452902551.06%Add +3.5%361,617$16.36MNo quoteNo quote
16AAPLApple0.39%Reduce -4.1%26,654$5.92M$222.1352w: $164.08 - $260.10; reported $222.13
17WWayfair0.35%Add +1.9%167,745$5.37M$32.0352w: $29.68 - $76.17; reported $32.03
18BACBank of America0.25%Reduce -2.3%90,913$3.79M$41.7352w: $34.15 - $48.08; reported $41.73
19BHABiglari Cl A0.17%-2,314$2.55MNo quoteNo quote
20MSFTMicrosoft0.15%Add +0.6%6,031$2.26M$375.3652w: $367.24 - $468.35; reported $375.36
21TRUPTrupanion Inc.0.10%Add +3.5%42,320$1.58M$37.2752w: $19.69 - $57.90; reported $37.27
22AMGNAmgen0.08%-3,795$1.18M$311.5552w: $253.30 - $346.85; reported $311.55
23GSGoldman Sachs0.04%-1,230$671.94K$546.2952w: $387.12 - $672.19; reported $546.29
24TSLATesla Motors0.04%Add +2.0%2,528$655.16K$259.1652w: $138.80 - $488.54; reported $259.16
25GEGeneral Electric0.04%Reduce -2.6%3,240$648.49K$200.1552w: $133.99 - $214.21; reported $200.15
26CATCaterpillar Tractor0.04%-1,717$566.27K$329.8052w: $307.05 - $418.50; reported $329.80
27BAMBrookfield Asset Management0.04%Add +0.4%11,586$561.34K$48.4552w: $37.29 - $62.61; reported $48.45
28AMZNAmazon Com0.04%Add +1.4%2,943$559.97K$190.2752w: $151.61 - $242.52; reported $190.27
29GOOGLAlphabet Class A0.04%Add +3.2%3,521$544.47K$154.6452w: $147.22 - $207.05; reported $154.64
30SPYSPDR S&P 5000.04%Reduce -1.3%965$539.81K$559.3952w: $493.86 - $613.23; reported $559.39
31XTIShares Exponential Technologi0.03%Reduce -29.3%8,800$506.53K$57.56No quote
32RTXRaytheon Technologies0.03%-3,489$462.15K$132.4652w: $97.03 - $136.17; reported $132.46
33UBERUber0.02%Add +42.6%4,990$363.57K$72.8652w: $54.84 - $87.00; reported $72.86
34WFCWells Fargo0.02%-4,913$352.7K$71.7952w: $50.15 - $81.50; reported $71.79
35COPConocophillips0.02%-3,334$350.14K$105.0252w: $86.81 - $135.18; reported $105.02
36QQQPowershares QQQ Trust0.02%New717$336.22K$468.9252w: $413.07 - $540.81; reported $468.92
37FASTFastenal0.02%-3,960$307.1K$77.5552w: $30.68 - $42.44; reported $77.55
38GEVGE Vernova0.02%-988$301.62K$305.2852w: $119.00 - $447.50; reported $305.28
39BHBiglari Holdings0.02%-1,340$290.16K$216.54No quote
40ITWIllinois Tool Works0.02%-1,100$272.81K$248.0152w: $232.77 - $279.13; reported $248.01
41VZVerizon0.02%Add +0.3%5,805$263.33K$45.3652w: $37.59 - $47.36; reported $45.36
42SCHGSchwab US Large Cap Growth0.02%-9,800$245.39K$25.04No quote
43JPMJPMorgan Chase0.02%Add +1.2%952$233.48K$245.2552w: $179.20 - $280.25; reported $245.25
44GLWCorning0.01%-5,050$231.19K$45.7852w: $30.72 - $55.33; reported $45.78
45NVDANvidia0.01%Add +32.3%2,117$229.47K$108.3952w: $75.61 - $153.13; reported $108.39
46CVXChevron0.01%Reduce -10.0%1,350$225.84K$167.2952w: $135.37 - $168.96; reported $167.29
47DGXQuest Diagnostics0.01%Reduce -9.4%1,300$219.96K$169.2052w: $125.42 - $178.87; reported $169.20
48BABoeing Co0.01%-1,245$212.34K$170.5552w: $137.03 - $196.95; reported $170.55
49PGProcter & Gamble0.01%-1,200$204.5K$170.4252w: $153.52 - $180.43; reported $170.42
50CDLXCardlytics0.01%Add +9.8%61,700$112.29K$1.8252w: $17.70 - $158.89; reported $1.82
54TMHCTaylor Morrison Home-Sold0$0No quoteNo quote
53SRESempra Energy-Sold0$0No quoteNo quote
52OKEOneok-Sold0$0No quoteNo quote
51CFGCitizens Financial Group-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 -12.9%3,548,500$1.89B