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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 2026-08-13 from SEC 13F data.

Live quotes available for 48 of 51 rows. Rows without a quote are marked unavailable.

1BRK-BBerkshire Hathaway32.75%Add +0.5%1,108,390$531.14M$479.2052w: $455.19 - $542.07; reported $479.20
2GOOGAlphabet12.21%Reduce -1.9%690,399$198.05M$286.8652w: $142.66 - $350.15; reported $286.86
3BNBrookfield Corp.10.93%Reduce -0.2%4,379,938$177.26M$40.4752w: $29.07 - $49.57; reported $40.47
4MKLMarkel9.07%Reduce -0.6%76,886$147.17M$1914.0752w: $1621.89 - $2207.59; reported $1914.07
5AERAerCap Holdings6.92%Reduce -1.2%817,655$112.17M$137.1852w: $85.57 - $154.94; reported $137.18
6FCNCAFirst Citizens5.12%Add +3.0%44,068$83.05M$1884.6852w: $1473.62 - $2232.21; reported $1884.68
7SIRISirius XM4.19%Add +2.0%2,942,595$67.92M$23.0852w: $18.69 - $24.92; reported $23.08
8LKQLKQ Corp3.47%Add +23.0%1,917,106$56.31M$29.3752w: $27.64 - $43.47; reported $29.37
9AMZNAmazon2.62%Add +5762.9%204,087$42.51M$208.2752w: $161.38 - $258.60; reported $208.27
10DISDisney (Walt)2.61%Add +0.4%438,533$42.27M$96.3852w: $80.10 - $124.69; reported $96.38
11HSYHershey Foods2.46%Add +0.8%192,310$39.98M$207.8952w: $150.04 - $239.48; reported $207.89
12-CimpressCUSIP 0452902552.12%Add +15.9%471,466$34.42MNo quoteNo quote
13JEFJefferies1.73%Add +50.3%680,171$28.07M$41.2752w: $35.53 - $71.04; reported $41.27
14BRK-ABerkshire Hathaway 'A'1.28%-29$20.83M$718140.0052w: $685150.00 - $812855.00; reported $718140.00
15WWayfair0.78%Add +0.5%167,948$12.63M$75.2152w: $20.41 - $119.98; reported $75.21
16AAPLApple0.36%Reduce -9.1%23,073$5.86M$253.7952w: $169.21 - $288.62; reported $253.79
17BHABiglari Cl A0.17%Reduce -28.3%1,578$2.75MNo quoteNo quote
18MSFTMicrosoft0.14%Reduce -0.8%6,079$2.25M$370.1652w: $344.79 - $555.45; reported $370.16
19AMGNAmgen0.08%-3,885$1.37M$351.8552w: $261.43 - $391.29; reported $351.85
20CATCaterpillar Tractor0.07%-1,717$1.22M$708.4652w: $267.30 - $789.81; reported $708.46
21GOOGLAlphabet Class A0.07%Add +1.7%3,683$1.06M$287.5952w: $140.53 - $349.00; reported $287.59
22TRUPTrupanion Inc.0.06%Reduce -0.2%40,695$1.04M$25.6152w: $24.32 - $57.88; reported $25.61
23GSGoldman Sachs0.06%-1,230$1.04M$845.9952w: $439.38 - $984.70; reported $845.99
24TSLATesla Motors0.06%-2,500$929.38K$371.7552w: $214.25 - $498.83; reported $371.75
25GEGeneral Electric0.05%Reduce -7.7%2,990$848.47K$283.7752w: $159.36 - $348.48; reported $283.77
26GEVGE Vernova0.05%Reduce -8.8%901$786.48K$872.9052w: $252.25 - $948.38; reported $872.90
27GLWCorning0.04%-5,050$686.65K$135.9752w: $37.31 - $162.10; reported $135.97
28RTXRaytheon Technologies0.04%-3,489$673.03K$192.9052w: $112.27 - $214.50; reported $192.90
29SPYSPDR S&P 5000.04%-965$627.58K$650.3452w: $481.80 - $697.84; reported $650.34
30XTIShares Exponential Technologi0.04%-8,800$599.71K$68.15No quote
31BACBank of America0.04%Reduce -84.9%12,032$586.56K$48.7552w: $33.07 - $57.55; reported $48.75
32BAMBrookfield Asset Management0.04%Add +1.3%12,954$575.81K$44.4552w: $41.78 - $64.10; reported $44.45
33FRFHFFairfax Finl Hldgs0.02%Add +64.7%219$371.97K$1698.4852w: $1292.53 - $1949.00; reported $1698.48
34NVDANvidia0.02%-2,117$369.21K$174.4052w: $86.62 - $212.19; reported $174.40
35FASTFastenal0.02%-7,920$367.49K$46.4052w: $35.30 - $50.63; reported $46.40
36FDXFedEx0.02%Reduce -55.6%993$353.69K$356.1852w: $156.57 - $316.57; reported $356.18
37WFCWells Fargo0.02%Reduce -12.4%4,413$351.32K$79.6152w: $58.42 - $97.76; reported $79.61
38UBERUber0.02%-4,860$349.58K$71.9352w: $60.63 - $101.99; reported $71.93
39COPConocophillips0.02%-2,534$334.49K$132.0052w: $79.88 - $135.87; reported $132.00
40UNHUnitedHealth0.02%Add +71.3%1,232$333.37K$270.5952w: $234.60 - $606.36; reported $270.59
41BHBiglari Holdings0.02%Reduce -27.8%967$318.71K$329.59No quote
42BABoeing Co0.02%Add +16.1%1,445$287.6K$199.0352w: $128.88 - $254.35; reported $199.03
43ITWIllinois Tool Works0.02%-1,100$286.32K$260.2952w: $214.66 - $303.16; reported $260.29
44SCHGSchwab US Large Cap Growth0.02%-9,800$285.47K$29.13No quote
45JPMJPMorgan Chase0.02%Add +0.1%956$281.23K$294.1752w: $202.16 - $337.25; reported $294.17
46CVXChevron0.02%-1,350$279.32K$206.9052w: $132.04 - $214.71; reported $206.90
47DGXQuest Diagnostics0.02%-1,300$254.78K$195.9852w: $157.20 - $213.50; reported $195.98
48VZVerizon0.01%Reduce -18.1%4,800$240.96K$50.2052w: $38.39 - $51.68; reported $50.20
49CFGCitizens Financial Group0.01%-3,800$227.89K$59.9752w: $32.60 - $68.79; reported $59.97
50METAMeta Platforms Inc.-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 +7.8%3,785,700$1.81B