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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 42 of 50 rows. Rows without a quote are marked unavailable.

1BRK-BBerkshire Hathaway23.76%Add +5.0%1,291,853$275.38M$213.17No quote
2BAMBrookfield Asset Mgmt8.77%Reduce -2.4%2,126,050$101.58M$47.78No quote
3KMXCarMax6.02%Reduce -3.8%802,945$69.72M$86.83No quote
4AXPAmerican Express5.54%Reduce -4.0%520,319$64.23M$123.44No quote
5FDXFedEx5.24%Add +17.5%369,610$60.69M$164.19No quote
6WFCWells Fargo4.81%Reduce -0.7%1,177,555$55.72M$47.32No quote
7BFHAlliance Data Sys4.77%Add +53.3%394,299$55.25M$140.13No quote
8SUSuncor4.28%Reduce -2.5%1,590,265$49.55M$31.16No quote
9TROWPrice (T.Rowe)4.23%Reduce -3.3%446,504$48.99M$109.71No quote
10LKQLKQ Corp4.20%Reduce -3.5%1,829,769$48.69M$26.61No quote
11HBIHanesbrands3.86%Reduce -3.1%2,599,924$44.77MNo quoteNo quote
12-Cimpress NVCUSIP 0452902553.24%Reduce -2.3%412,801$37.52MNo quoteNo quote
13USBUS Bancorp2.99%Reduce -1.1%661,769$34.68M$52.40No quote
14NPSNYNaspers Limited2.88%Reduce -2.4%688,595$33.35MNo quoteNo quote
15INGRIngredion2.84%Reduce -3.4%398,963$32.91M$82.49No quote
16SPBSpectrum Brands2.65%Reduce -2.5%570,922$30.7M$53.77No quote
17ANAutoNation2.62%Reduce -4.3%724,318$30.38M$41.94No quote
18BRK-ABerkshire Hathaway2.61%Reduce -1.0%95$30.24M$318347.37No quote
19GOOGAlphabet Class C2.40%New25,731$27.81M$1080.91No quote
20VZVerizon0.33%Reduce -9.4%66,785$3.82M$57.12No quote
21DISDisney (Walt)0.25%Reduce -7.1%20,619$2.88M$139.63No quote
22BUDAnheuser-Busch InBev0.24%Reduce -3.4%30,900$2.74M$88.51No quote
23AAPLApple0.20%Reduce -1.4%11,818$2.34M$197.92No quote
24JNJJohnson & Johnson0.20%Reduce -7.3%16,500$2.3M$139.27No quote
25SBUXStarbucks0.19%Reduce -4.0%26,700$2.24M$83.82No quote
26TRUPTrupanion Inc.0.09%Add +5.5%27,625$998K$36.13No quote
27MSFTMicrosoft0.08%Add +0.4%6,872$921K$134.02No quote
28AMGNAmgen0.07%-4,532$835K$184.25No quote
29MKLMarkel0.07%Add +1.4%750$817K$1089.33No quote
30BHABiglari Cl A0.06%Add +12.2%1,311$696KNo quoteNo quote
31SPYSPDR S&P 5000.06%Reduce -7.5%2,295$672K$292.81No quote
32QCOMQualcomm0.05%Reduce -98.9%7,730$588K$76.07No quote
33GSGoldman Sachs0.04%Add +8.6%2,530$518K$204.74No quote
34WBAWalgreen Boots Alliance0.04%Reduce -98.2%8,100$443KNo quoteNo quote
35XTIShares Exponential Technologi0.03%Reduce -8.9%10,200$393K$38.53No quote
36CVXChevron0.03%-3,127$389K$124.40No quote
37AZOAutozone0.03%Reduce -64.6%320$352K$1100.00No quote
38BACBank of America0.03%Add +0.0%11,397$331K$29.04No quote
39CFGCitizens Financial Group0.03%Add +9.4%9,300$329K$35.38No quote
40CATCaterpillar Tractor0.03%-2,170$296K$136.41No quote
41WGOWinnebago0.02%-7,300$282K$38.63No quote
42CCitigroup0.02%-3,900$273K$70.00No quote
43FASTFastenal0.02%Add +81.9%8,060$263K$32.63No quote
44PBAPembina Pipeline0.02%-6,900$257KNo quoteNo quote
45GLWCorning0.02%-7,650$254K$33.20No quote
46COPConocophillips0.02%-3,604$220K$61.04No quote
47COFCapital One Fin'l0.02%New2,400$218K$90.83No quote
49EVTIEventure Interactive0.00%-50,000$0No quoteNo quote
48ESVEnsco-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 +0.1%3,692,900$787.22M