Check Capital
Picture
Moves
Options: 2 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| BRK.BBERKSHIRE HATHAWAY Class B | 32.11% | 2,205,369 | $319M | added+1% | −0.82 pp | 13 q |
| WFCWells Fargo & Co. | 7.57% | 1,590,781 | $75M | trimmed−1% | −0.62 pp | 13 q |
| VZVerizon Communications | 6.53% | 1,162,207 | $65M | trimmed−10% | −0.87 pp | 10 q |
| AFLAflac Inc. | 5.79% | 797,762 | $58M | trimmed−1% | +0.39 pp | 13 q |
| IBMInternational Business Machines Corporation | 5.42% | 355,280 | $54M | trimmed−3% | −0.44 pp | 13 q |
| FDXFedEx Corporation | 4.93% | 323,333 | $49M | added+8% | −0.22 pp | 3 q |
| INGRIngredion Incorporated | 3.95% | 303,841 | $39M | trimmed−2% | +0.44 pp | 9 q |
| USBU.S. Bancorp | 3.39% | 835,061 | $34M | added+3% | −0.11 pp | 11 q |
| QCOMQualcomm Inc | 3.13% | 581,501 | $31M | added+4% | +0.10 pp | 13 q |
| unresolvedExpress Scripts Hldg Co | 3.11% | 408,050 | $31M | added+2% | +0.20 pp | 8 q |
| SUSuncor Energy, Inc. | 3.08% | 1,103,156 | $31M | added+3% | −0.08 pp | 10 q |
| 99803EURLaboratory Crp Of Amer Hldgs | 2.94% | 224,685 | $29M | added0% | +0.16 pp | 2 q |
| ORCLOracle Corp | 2.94% | 714,129 | $29M | added+2% | −0.10 pp | 13 q |
| AXPAmerican Express Company | 2.91% | 475,750 | $29M | added+12% | +0.15 pp | 7 q |
| unresolvedSpectrum Brands Hldgs Inc | 2.54% | 211,348 | $25M | trimmed−1% | +0.08 pp | 3 q |
| JNJJohnson & Johnson | 1.62% | 132,999 | $16M | trimmed−9% | −0.04 pp | 13 q |
| WYNTravel + Leisure Co. | 1.51% | 210,460 | $15M | new | +1.51 pp | new |
| EMREmerson Electric Co. | 1.16% | 221,488 | $12M | trimmed−5% | −0.18 pp | 6 q |
| BRK.ABerkshire Hathaway Inc. | 1.09% | 50 | $11M | trimmed−2% | −0.06 pp | 13 q |
| WMTWalmart Inc. | 0.99% | 135,114 | $10M | trimmed−4% | −0.03 pp | 13 q |
| HOGHarley-Davidson, Inc. | 0.81% | 178,497 | $8M | added+84% | +0.28 pp | 5 q |
| PSXPhillips 66 | 0.66% | 82,266 | $7M | added×7.9 | +0.56 pp | 2 q |
| MSFTMicrosoft Corp | 0.40% | 78,208 | $4M | trimmed−5% | −0.08 pp | 13 q |
| ABTAbbott Laboratories | 0.33% | 83,476 | $3M | added+19% | +0.02 pp | 13 q |
| AAPLApple Inc. | 0.12% | 12,044 | $1M | trimmed−0% | −0.02 pp | 13 q |
| CVXChevron Corporation | 0.09% | 8,990 | $942,000 | added+53% | +0.03 pp | 7 q |
| MKLMarkel Group Inc. | 0.09% | 912 | $869,000 | trimmed−52% | −0.09 pp | 9 q |
| CSXCSX Corporation | 0.08% | 31,431 | $820,000 | trimmed−4% | −0.01 pp | 12 q |
| FASTFastenal Co | 0.08% | 17,580 | $780,000 | trimmed−1% | −0.01 pp | 8 q |
| ACNAccenture PLC | 0.08% | 7,300 | $827,000 | trimmed−6% | −0.02 pp | 10 q |
| TAT&T Inc. | 0.06% | 13,426 | $580,000 | trimmed−3% | 0.00 pp | 13 q |
| MEIMethode Electronics | 0.05% | 15,800 | $541,000 | held | — | 5 q |
| unresolvedBiglari Holdings Inc | 0.04% | 1,099 | $443,000 | new | +0.04 pp | new |
| DISThe Walt Disney Company | 0.04% | 4,221 | $413,000 | added+6% | 0.00 pp | 3 q |
| HALHalliburton Company | 0.04% | 8,917 | $404,000 | added+2% | +0.01 pp | 13 q |
| AMGNAmgen Inc | 0.03% | 1,650 | $251,000 | held | — | 6 q |
| COPConocoPhillips | 0.03% | 7,284 | $318,000 | added+3% | 0.00 pp | 13 q |
| GLWCorning Incorporated | 0.03% | 16,589 | $340,000 | held | — | 13 q |
| unresolvedGeneral Electric Co | 0.03% | 10,079 | $317,000 | added+1% | 0.00 pp | 13 q |
| unresolvedLeucadia National | 0.03% | 14,580 | $253,000 | added+4% | +0.01 pp | 7 q |
| MSMMSC Industrial Direct Co., Inc. Class A | 0.03% | 3,865 | $273,000 | held | — | 4 q |
| unresolvedProshares Short S&P 500 | 0.03% | 6,750 | $268,000 | trimmed−50% | 0.00 pp | 13 q |
| unresolvedEnsco PLC | 0.03% | 25,935 | $252,000 | held | — | 12 q |
| BACBank of America Corporation | 0.02% | 18,103 | $240,000 | trimmed−7% | −0.01 pp | 8 q |
| DUKDuke Energy Corporation | 0.02% | 2,799 | $240,000 | held | — | 2 q |
| VVISA Inc. | 0.02% | 3,144 | $233,000 | held | — | 4 q |
| unresolvedSmith Micro Software | 0.01% | 170,500 | $101,000 | trimmed−1% | 0.00 pp | 2 q |
| unresolvedHarte Gold | 0.00% | 25,200 | $5,000 | new | 0.00 pp | new |
| MCDMcDonald's Corporation | — | −6,800 | — | exited | −0.09 pp | — |
| KMBKimberly-Clark Corp. | — | −1,936 | — | exited | −0.03 pp | — |
| MMM3M Company | — | −1,527 | — | exited | −0.03 pp | — |
| COFCapital One Financial | — | −3,000 | — | exited | −0.02 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| BRK.B CALL | 99.75% | 1,590,400 | $230M |
| IBM CALL | 0.20% | 3,000 | $455,000 |
| WFC CALL | 0.05% | 2,400 | $114,000 |
Notes