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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 44 of 51 rows. Rows without a quote are marked unavailable.

1BRK-BBerkshire Hathaway36.48%Add +1.9%1,226,371$498.89M$406.8052w: $330.58 - $430.00; reported $406.80
2GOOGAlphabet10.21%Reduce -0.9%761,182$139.62M$183.4252w: $115.83 - $187.50; reported $183.42
3BNBrookfield Corp.9.27%Add +0.4%3,050,887$126.73M$41.5452w: $19.23 - $30.07; reported $41.54
4MKLMarkel8.91%Add +0.2%77,338$121.86M$1575.6652w: $1295.65 - $1670.24; reported $1575.66
5AERAerCap Holdings5.94%Reduce -0.1%871,252$81.2M$93.2052w: $57.30 - $96.95; reported $93.20
6LKQLKQ Corp4.88%Add +30.1%1,606,027$66.79M$41.5952w: $39.72 - $59.38; reported $41.59
7SUSuncor4.79%Reduce -0.2%1,717,673$65.44M$38.1052w: $28.26 - $41.50; reported $38.10
8FDXFedEx4.12%Reduce -0.1%187,952$56.36M$299.8452w: $181.06 - $243.68; reported $299.84
9FCNCAFirst Citizens3.44%Add +0.6%27,965$47.08M$1683.5852w: $1241.05 - $1810.03; reported $1683.58
10KMXCarMax3.31%Add +0.7%616,663$45.23M$73.3452w: $59.66 - $88.22; reported $73.34
11-CimpressCUSIP 0452902552.18%Add +1.0%340,888$29.87MNo quoteNo quote
12HSYHershey Foods1.84%Add +6.4%136,870$25.16M$183.8352w: $178.82 - $251.73; reported $183.83
13BRK-ABerkshire Hathaway 'A'1.34%-30$18.37M$612241.0052w: $502000.00 - $741971.00; reported $612241.00
14WWayfair0.77%Add +23.1%200,352$10.56M$52.7352w: $38.37 - $90.71; reported $52.73
15AAPLApple0.51%Add +3.1%33,390$7.03M$210.6252w: $164.08 - $220.20; reported $210.62
16LSXMKLiberty Media SiriusXM0.32%Reduce -0.4%200,112$4.43MNo quoteNo quote
17BACBank of America0.30%Reduce -24.8%101,877$4.05M$39.7752w: $24.96 - $40.34; reported $39.77
18MSFTMicrosoft0.19%Add +1.7%5,844$2.61M$446.9552w: $309.45 - $456.17; reported $446.95
19BHABiglari Cl A0.16%Reduce -0.2%2,389$2.18MNo quoteNo quote
20BAMBrookfield Asset Management0.15%Reduce -0.5%53,509$2.04M$38.0552w: $28.35 - $43.00; reported $38.05
21TRUPTrupanion Inc.0.09%Add +24.7%40,360$1.19M$29.4052w: $19.14 - $36.66; reported $29.40
22AMGNAmgen0.09%-3,720$1.16M$312.4552w: $218.44 - $329.72; reported $312.45
23XTIShares Exponential Technologi0.05%-12,450$732.43K$58.83No quote
24GOOGLAlphabet Class A0.04%-3,370$613.85K$182.1552w: $115.35 - $186.05; reported $182.15
25CATCaterpillar Tractor0.04%Add +6.2%1,717$571.93K$333.1052w: $223.76 - $382.01; reported $333.10
26GSGoldman Sachs0.04%-1,230$556.35K$452.3252w: $289.36 - $471.48; reported $452.32
27GEGeneral Electric0.04%Reduce -20.2%1.253:1 split3,327$528.89K$158.9752w: $84.22 - $170.80; reported $158.97
28SPYSPDR S&P 5000.04%-965$525.17K$544.2252w: $409.21 - $550.28; reported $544.22
29TSLATesla Motors0.04%-2,478$490.35K$197.8852w: $138.80 - $299.29; reported $197.88
30AMZNAmazon Com0.04%-2,520$486.99K$193.2552w: $118.35 - $199.84; reported $193.25
31MATXMatson Inc.0.03%Reduce -2.9%3,296$431.66KNo quoteNo quote
32COPConocophillips0.03%-3,404$389.35K$114.3852w: $99.35 - $135.18; reported $114.38
33CDLXCardlytics0.03%Add +8.0%45,875$376.63K$8.2152w: $56.90 - $205.20; reported $8.21
34RTXRaytheon Technologies0.03%-3,489$350.26K$100.3952w: $68.56 - $108.65; reported $100.39
35DISDisney (Walt)0.02%Reduce -6.0%3,160$313.76K$99.2952w: $78.73 - $123.74; reported $99.29
36WFCWells Fargo0.02%Reduce -3.0%4,913$291.78K$59.3952w: $38.39 - $62.55; reported $59.39
37SRESempra Energy0.02%-3,799$288.93KNo quoteNo quote
38UBERUber0.02%Reduce -16.7%3,750$272.55K$72.6852w: $40.09 - $82.14; reported $72.68
39DGXQuest Diagnostics0.02%Reduce -98.6%1,923$263.22K$136.8852w: $119.59 - $145.62; reported $136.88
40ITWIllinois Tool Works0.02%-1,100$260.66K$236.9652w: $217.50 - $271.15; reported $236.96
41FASTFastenal0.02%-3,960$248.85K$62.8452w: $26.91 - $39.52; reported $62.84
42SCHGSchwab US Large Cap Growth0.02%-2,450$247.06K$100.84No quote
43BHBiglari Holdings0.02%-1,275$246.56K$193.38No quote
44TSNTyson Foods0.02%Add +4.9%4,250$242.85K$57.1452w: $44.94 - $62.04; reported $57.14
45CVXChevron0.02%-1,500$234.63K$156.4252w: $139.62 - $171.70; reported $156.42
46BABoeing Co0.02%New1,230$223.87K$182.0152w: $159.70 - $267.54; reported $182.01
47VZVerizon0.02%Reduce -27.0%5,400$222.7K$41.2452w: $30.14 - $43.42; reported $41.24
48PGProcter & Gamble0.02%-1,300$214.4K$164.9252w: $141.45 - $169.41; reported $164.92
49-Metro Bank HoldingsCUSIP G606431060.00%Reduce -69.2%10,000$4.67KNo quoteNo quote
50TMHCTaylor Morrison Home-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 +1.9%4,065,500$1.65B