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Check Capital Management Inc
Steven Check · Investment Advisor · Value
Check Capital Management Inc. is a value-oriented investment advisor founded in 1987 by Steven Check. Headquartered in Costa Mesa, California, the firm specializes in managing concentrated equity portfolios with a focus on high-quality, industry-leading companies trading at attractive valuations. CCM employs a long-term "business-owner" perspective, typically holding positions for over five years to maximize client wealth while minimizing downside risk. It serves a broad range of private and institutional clients with a commitment to integrity and performance-based results.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +12.8% |
| YTD return | +3.0% |
| Sharpe ratio | 2.84 |
| Win rate | 59% |
| AUM | $1.6B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.6B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.checkcapital.com |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| BRK-A | Berkshire Hathaway Inc | 37.2% | +1.9% |
| GOOGL | Alphabet Inc Class A | 14.7% | +36.8% |
| MKL | Markel Corporation | 9.2% | -3.0% |
| AER | AerCap Holdings NV | 7.7% | +16.9% |
| FCNCA | First Citizens BancShares Inc | 6.4% | +21.3% |
| SIRI | Sirius XM Holding Inc | 5.2% | +30.5% |
| AMZN | Amazon.com Inc | 3.4% | -4.6% |
| DIS | Walt Disney Company | 3.0% | -4.7% |
| LKQ | LKQ Corporation | 3.0% | -17.0% |
| CMPR | Cimpress NV | 2.9% | +25.3% |
| JEF | Jefferies Financial Group Inc | 2.4% | +2.7% |
| HSY | Hershey Co | 2.4% | -9.6% |
| W | Wayfair Inc | 1.1% | +14.4% |
| AAPL | Apple Inc | 0.5% | +24.6% |
| BH-A | Biglari Holdings Inc | 0.2% | +24.2% |
| MSFT | Microsoft Corporation | 0.2% | +2.4% |
| AMGN | Amgen Inc | 0.1% | +39.9% |
| CAT | Caterpillar Inc | 0.1% | +10.6% |
| GS | Goldman Sachs Group Inc | 0.1% | +21.0% |
| TRUP | Trupanion Inc | 0.1% | -9.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 17, 2026 | BUY | MSFT | 0.1% → 0.2% |
| Aug 17, 2026 | SELL | CAT | 0.1% → 0.1% |
| Aug 17, 2026 | SELL | AER | 8.1% → 7.7% |
| Aug 17, 2026 | BUY | HSY | 2.2% → 2.4% |
| Aug 17, 2026 | SELL | FCNCA | 6.2% → 6.4% |
Investment Style Analysis
Check Capital Management Inc is widely recognized for employing a Value strategy. As of Sep 4, 2026, the firm oversees approximately $1.6B in assets under management (AUM). The portfolio demonstrates a clear preference for the Insurance - Diversified and Internet Content & Information sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 17, Check Capital Management Inc made a significant move by increasing exposure to MSFT. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Check Capital Management follows a disciplined value investing strategy, heavily influenced by the principles of Benjamin Graham and Warren Buffett. The firm focuses on owning exceptional businesses with strong competitive advantages and sustainable earnings growth, but only when they can be purchased at a "bargain" price relative to their intrinsic value. Their investment process is characterized by high portfolio concentration, usually consisting of 12 to 20 stocks, and a multi-year time horizon that prioritizes business fundamentals over short-term market volatility.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Check Capital Management Inc.
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Frequently asked questions
How is the simulated portfolio for Check Capital Management Inc constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Check Capital Management Inc's largest holding?
As of the latest filing, Check Capital Management Inc's top position is Berkshire Hathaway Inc (BRK-A), representing 37.2% of the portfolio. This reflects a high-conviction bet by the institution.
What is Check Capital Management Inc's historical performance and risk profile?
Our simulation indicates a total return of +12.8% with a win rate of 59%. Notably, the portfolio maintains a Sharpe Ratio of 2.84, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does Check Capital Management Inc primarily invest in?
Check Capital Management Inc has a strong preference for the Insurance - Diversified sector, which makes up 37.2% of their disclosed assets. The portfolio also has exposure to Internet Content & Information, indicating a specific thematic focus.
Is Check Capital Management Inc's portfolio concentrated or diversified?
Check Capital Management Inc runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 61.1% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Check Capital Management Inc performed in 2026?
Our AI-simulated model portfolio for Check Capital Management Inc tracks a Year-to-Date (YTD) return of +3.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Steven Check manage Check Capital Management Inc directly?
Yes, Steven Check serves as the key portfolio manager for Check Capital Management Inc, overseeing the investment strategy and final capital allocation decisions.