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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 46 of 64 rows. Rows without a quote are marked unavailable.

1BRK-BBerkshire Hathaway24.89%Reduce -3.9%1,669,605$330.95M$198.22No quote
2WFCWells Fargo6.15%Reduce -4.7%1,347,908$81.78M$60.67No quote
3SUSuncor5.38%Reduce -4.8%1,949,308$71.58M$36.72No quote
4QCOMQualcomm4.88%Reduce -9.2%1,012,775$64.84M$64.02No quote
5BAMBrookfield Asset Mgmt4.63%New1,412,467$61.5M$43.54No quote
6FDXFedEx4.62%Reduce -6.3%246,048$61.4M$249.54No quote
7INGRIngredion4.47%Reduce -0.8%425,471$59.48M$139.80No quote
8ESRXExpress Scripts4.29%Add +6.7%764,888$57.09MNo quoteNo quote
9HBIHanesbrands3.94%Add +13.4%2,504,179$52.36MNo quoteNo quote
10AXPAmerican Express3.78%Reduce -4.2%505,900$50.24M$99.31No quote
11SPBSpectrum Brands3.55%Add +10.5%419,673$47.17M$112.40No quote
12AZOAutozone3.51%Add +6.0%65,607$46.67M$711.37No quote
13-Cimpress NVCUSIP 0452902553.50%Reduce -0.3%388,087$46.52MNo quoteNo quote
14BRK-ABerkshire Hathaway 'A'3.29%Reduce -0.7%147$43.75M$297598.64No quote
15LHLab Corp of America3.12%Reduce -1.1%260,297$41.52M$159.51No quote
16LKQLKQ Corp2.93%Reduce -3.6%956,372$38.9M$40.67No quote
17IBMIBM2.76%Add +7.4%239,131$36.69M$153.42No quote
18CMGChipotle Mexican Grill2.25%Add +17.6%103,650$29.96M$289.03No quote
19ANAutoNation2.14%Add +2.9%555,320$28.51M$51.33No quote
20VZVerizon0.95%Reduce -35.1%238,073$12.6M$52.93No quote
21WBAWalgreen Boots Alliance0.93%New170,100$12.35MNo quoteNo quote
22PSXPhillips 660.61%Reduce -54.7%80,497$8.14M$101.15No quote
23FASTFastenal0.58%Reduce -39.2%140,879$7.71M$54.69No quote
24ABTAbbott Labs0.56%Reduce -52.6%130,745$7.46M$57.07No quote
25BUDAnheuser-Busch InBev0.54%Reduce -40.8%64,310$7.17M$111.55No quote
26USBUS Bancorp0.24%Reduce -43.2%60,730$3.25M$53.58No quote
27WYNWyndham0.22%Reduce -46.2%25,147$2.91MNo quoteNo quote
28DISDisney (Walt)0.21%Reduce -23.7%25,488$2.74M$107.50No quote
29SPYSPDR S&P 5000.17%Reduce -3.0%8,346$2.23M$266.83No quote
30AAPLApple0.13%Add +10.6%10,332$1.75M$169.18No quote
31BHBiglari Holdings0.08%Add +5.3%2,561$1.06M$414.29No quote
32GSGoldman Sachs0.07%Add +29.5%3,625$924K$254.90No quote
33MSFTMicrosoft0.05%Reduce -11.9%8,520$729K$85.56No quote
34MKLMarkel0.05%Reduce -0.3%610$695K$1139.34No quote
35CVXChevron0.05%Add +48.3%5,527$692K$125.20No quote
36IWMISHARES Russell 20000.04%Add +39.3%3,900$595K$152.56No quote
37AMGNAmgen0.04%-3,080$536K$174.03No quote
38JNJJohnson & Johnson0.04%Reduce -24.9%3,473$485K$139.65No quote
39XTIShares Exponential Technologi0.03%Add +75.3%12,800$454K$35.47No quote
40AFLAflac0.03%Reduce -58.3%5,005$439K$87.71No quote
41LUKLeucadia National0.03%-14,664$388KNo quoteNo quote
42HALHalliburton0.03%-6,851$335K$48.90No quote
43CFGCitizens Financial Group0.02%Reduce -3.8%7,700$323K$41.95No quote
44TMHCTaylor Morrison Home0.02%Reduce -3.1%12,600$308K$24.44No quote
45BACBank of America0.02%Add +0.0%10,381$306K$29.48No quote
46CCitigroup0.02%-3,900$290K$74.36No quote
47GLWCorning0.02%-8,749$280K$32.00No quote
48CAGConagra Foods0.02%New6,800$256K$37.65No quote
49PBAPembina Pipeline0.02%-6,900$250KNo quoteNo quote
50COFCapital One Fin'l0.02%-2,500$249K$99.60No quote
51COPConocophillips0.02%-4,104$225K$54.82No quote
52LBL Brands0.02%New3,410$205KNo quoteNo quote
53ESVEnsco0.01%Reduce -4.7%26,825$159KNo quoteNo quote
60WMTWal-Mart-Sold0$0No quoteNo quote
59MRINMarin Software-Sold0$0No quoteNo quote
58METAFacebook-Sold0$0No quoteNo quote
57CTSHCognizant-Sold0$0No quoteNo quote
56CNEPChina North East Pete Hldgs-Sold0$0No quoteNo quote
55KMXCarMax-Sold0$0No quoteNo quote
54AMZNAmazon Com-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 +3.9%2,459,900$487.6M
2SPBSpectrum BrandsCOMCALLNew10,000$1.12M
3HBIHanesbrandsCOMCALLNew35,000$732K
4ESRXExpress ScriptsCOMCALLSold0$0