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
Revealed late, restated
Positions
| BRK.BBERKSHIRE HATHAWAY Class B | 25.73% | 1,737,980 | $319M | trimmed−1% | +0.15 pp | 4 q |
| WFCWells Fargo & Co. | 6.30% | 1,413,691 | $78M | trimmed−2% | −0.53 pp | 4 q |
| SUSuncor Energy, Inc. | 5.79% | 2,047,874 | $72M | trimmed−2% | +0.55 pp | 4 q |
| FDXFedEx Corporation | 4.79% | 262,708 | $59M | trimmed−6% | −0.40 pp | 4 q |
| QCOMQualcomm Inc | 4.67% | 1,115,265 | $58M | trimmed−1% | −0.65 pp | 4 q |
| HN9Hanesbrands Inc | 4.39% | 2,207,847 | $54M | added0% | +0.01 pp | 4 q |
| INGRIngredion Incorporated | 4.18% | 428,909 | $52M | trimmed−1% | −0.23 pp | 4 q |
| AXPAmerican Express Company | 3.86% | 527,781 | $48M | trimmed−1% | +0.02 pp | 4 q |
| unresolvedExpress Scripts Hldg Co | 3.67% | 717,004 | $45M | added+2% | −0.20 pp | 4 q |
| BRK.ABerkshire Hathaway Inc. | 3.28% | 148 | $41M | added+1% | +0.09 pp | 4 q |
| unresolvedSpectrum Brands Hldgs Inc | 3.25% | 379,936 | $40M | added+37% | +0.27 pp | 4 q |
| 99803EURLaboratory Crp Of Amer Hldgs | 3.21% | 263,320 | $40M | trimmed−2% | −0.36 pp | 4 q |
| CMPRCimpress PLC (Ireland) | 3.07% | 389,257 | $38M | trimmed−1% | −0.11 pp | 3 q |
| AZOAutoZone, Inc. | 2.98% | 61,921 | $37M | added+9% | +0.21 pp | 2 q |
| LKQLKQ Corporation | 2.88% | 992,313 | $36M | added+1% | +0.10 pp | 3 q |
| IBMInternational Business Machines Corporation | 2.61% | 222,700 | $32M | trimmed−4% | −0.45 pp | 4 q |
| CTSHCognizant Technology Solutions | 2.51% | 428,536 | $31M | trimmed−8% | −0.15 pp | 3 q |
| CMGChipotle Mexican Grill, Inc. | 2.19% | 88,153 | $27M | new | +2.19 pp | new |
| ANAutoNation, Inc. | 2.07% | 539,750 | $26M | new | +2.07 pp | new |
| VZVerizon Communications | 1.47% | 366,836 | $18M | trimmed−63% | −2.33 pp | 4 q |
| PSXPhillips 66 | 1.31% | 177,683 | $16M | trimmed−1% | +0.04 pp | 4 q |
| ABTAbbott Laboratories | 1.19% | 275,851 | $15M | trimmed−10% | −0.09 pp | 4 q |
| BUDAnheuser-Busch INBEV SA/NV | 1.05% | 108,710 | $13M | added+16% | +0.16 pp | 4 q |
| FASTFastenal Co | 0.85% | 231,596 | $11M | added×12.5 | +0.78 pp | 4 q |
| KMXCarMax Inc. | 0.47% | 75,987 | $6M | trimmed−53% | −0.40 pp | 4 q |
| USBU.S. Bancorp | 0.46% | 106,990 | $6M | added+31% | +0.10 pp | 4 q |
| WYNTravel + Leisure Co. | 0.40% | 46,735 | $5M | trimmed−64% | −0.73 pp | 4 q |
| DISThe Walt Disney Company | 0.27% | 33,389 | $3M | trimmed−4% | −0.05 pp | 4 q |
| SPYState Street SPDR S&P 500 ETF Trust | 0.17% | 8,608 | $2M | added+54% | +0.05 pp | 2 q |
| AAPLApple Inc. | 0.12% | 9,340 | $1M | held | — | 4 q |
| AFLAflac Inc. | 0.08% | 12,000 | $977,000 | trimmed−25% | −0.03 pp | 4 q |
| unresolvedBiglari Holdings Inc | 0.07% | 2,431 | $810,000 | added+67% | +0.02 pp | 4 q |
| MSFTMicrosoft Corp | 0.06% | 9,670 | $720,000 | trimmed−9% | 0.00 pp | 4 q |
| AMGNAmgen Inc | 0.05% | 3,080 | $574,000 | held | — | 4 q |
| GSGoldman Sachs Group Inc. | 0.05% | 2,800 | $664,000 | added+4% | 0.00 pp | 4 q |
| JNJJohnson & Johnson | 0.05% | 4,624 | $601,000 | trimmed−46% | −0.05 pp | 4 q |
| MKLMarkel Group Inc. | 0.05% | 612 | $654,000 | held | — | 4 q |
| CVXChevron Corporation | 0.04% | 3,727 | $438,000 | held | — | 4 q |
| METAMeta Platforms, Inc. Class A | 0.04% | 3,000 | $513,000 | trimmed−3% | 0.00 pp | 2 q |
| WMTWalmart Inc. | 0.04% | 6,320 | $494,000 | trimmed−10% | −0.01 pp | 4 q |
| HALHalliburton Company | 0.03% | 6,851 | $315,000 | trimmed−3% | 0.00 pp | 4 q |
| IWMiShares Russell 2000 ETF | 0.03% | 2,800 | $415,000 | held | — | 2 q |
| unresolvedLeucadia National | 0.03% | 14,664 | $370,000 | trimmed−2% | 0.00 pp | 4 q |
| AMZNAmazon.Com Inc | 0.02% | 301 | $289,000 | added0% | 0.00 pp | 2 q |
| BACBank of America Corporation | 0.02% | 10,379 | $263,000 | trimmed−17% | −0.01 pp | 4 q |
| COFCapital One Financial | 0.02% | 2,500 | $212,000 | held | — | 4 q |
| CCitigroup Inc. | 0.02% | 3,900 | $284,000 | held | — | 4 q |
| CFGCitizens Financial Group, Inc. | 0.02% | 8,000 | $303,000 | new | +0.02 pp | new |
| COPConocoPhillips | 0.02% | 4,104 | $205,000 | new | +0.02 pp | new |
| GLWCorning Incorporated | 0.02% | 8,749 | $262,000 | trimmed−3% | 0.00 pp | 4 q |
| XTiShares Trust iShares Future Exponential Technologies ETF | 0.02% | 7,300 | $251,000 | new | +0.02 pp | new |
| PBAPembina Pipeline Corporation | 0.02% | 6,900 | $242,000 | held | — | 3 q |
| TMHCTaylor Morrison Home Corporation | 0.02% | 13,000 | $287,000 | added+7% | −0.01 pp | 2 q |
| unresolvedEnsco PLC | 0.01% | 28,135 | $168,000 | trimmed−2% | 0.00 pp | 4 q |
| unresolvedChina North East Pete Hldgs | 0.00% | 24,790 | $0 | held | — | 4 q |
| unresolvedMarin Software | 0.00% | 15,000 | $26,000 | held | — | 3 q |
| MEIMethode Electronics | — | −14,850 | — | exited | −0.05 pp | — |
| CAGConagra Brands, Inc. | — | −6,800 | — | exited | −0.02 pp | — |
| HOGHarley-Davidson, Inc. | — | −3,720 | — | exited | −0.02 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| BRK.B CALL | 99.71% | 2,366,900 | $434M |
| Express Scripts Hldg Co CALL | 0.29% | 20,000 | $1M |
Notes