Check Capital

Q1 2024 13F · by Steven Check, CIO

As of: Mar 31, 2024
Filed: Apr 19, 2024
US stock: $1.4B · prev $1.3B
Positions: 49 · prev 45
Options notional: $1.7B
Documents: 1· no amendments

Picture44.8% US stock

Partial picture · of what this 13F reports is US stock

US stock listed on a US exchange 44.8%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 55.2%

Moves33 since the prior filing

+2.7 pp in · −2.6 pp out

New 5 +2.33 pp
Added 11 +0.36 pp
Trimmed 15 −2.63 pp
Exited 1 −0.02 pp

Options: 1 move on a notional base, in the table below.

The book

Very concentrated · behaves like 6 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 11% a year, about 9.0 years per position

Low
Moderate
High

Top 5 positions69% of US stock

BRK.B BERKSHIRE HATHAWAY Class B trimmed−2.61 pp trimmed−2.6137.1%
BN Brookfield Corporation added−0.37 pp added−0.379.3%
MKL Markel Group Inc. added−0.01 pp added−0.018.6%
GOOG Alphabet Inc. Class C added+0.02 pp added+0.028.6%
AER Aercap Holdings N.V. trimmed+0.33 pp trimmed+0.335.5%

Positions49 in this filing · 1 exited


BRK.BBERKSHIRE HATHAWAY Class B	37.09%	1,203,380	$506M	trimmed−14%	−2.61 pp	14 q
BNBrookfield Corporation	9.32%	3,037,695	$127M	added0%	−0.37 pp	6 q
MKLMarkel Group Inc.	8.61%	77,207	$117M	added+2%	−0.01 pp	14 q
GOOGAlphabet Inc. Class C	8.57%	767,888	$117M	added+1%	+0.02 pp	14 q
AERAercap Holdings N.V.	5.55%	871,891	$76M	trimmed−1%	+0.33 pp	13 q
LKQLKQ Corporation	4.83%	1,234,577	$66M	added0%	+0.13 pp	14 q
SUSuncor Energy, Inc.	4.66%	1,721,025	$64M	trimmed−2%	+0.19 pp	14 q
FDXFedEx Corporation	3.99%	188,037	$54M	trimmed−0%	+0.18 pp	14 q
KMXCarMax Inc.	3.91%	612,181	$53M	added0%	+0.18 pp	14 q
FCNCAFirst Citizens BancShares Inc	3.33%	27,801	$45M	added+2%	+0.24 pp	4 q
CMPRCimpress PLC (Ireland)	2.19%	337,552	$30M	added0%	+0.04 pp	14 q
HSYThe Hershey Company	1.83%	128,588	$25M	new	+1.83 pp	new
BRK.ABerkshire Hathaway Inc.	1.40%	30	$19M	trimmed−23%	−0.29 pp	14 q
DGXQuest Diagnostics Inc.	1.32%	135,445	$18M	trimmed−9%	−0.32 pp	14 q
WWayfair Inc.	0.81%	162,721	$11M	added+10%	+0.08 pp	14 q
LM0CLiberty Media Corp-liber-new	0.44%	200,832	$6M	new	+0.44 pp	new
AAPLApple Inc.	0.41%	32,384	$6M	trimmed−4%	−0.11 pp	14 q
BACBank of America Corporation	0.38%	135,408	$5M	trimmed−1%	+0.01 pp	14 q
MSFTMicrosoft Corp	0.18%	5,744	$2M	trimmed−2%	0.00 pp	14 q
BAMBrookfield Asset Management Ltd.	0.17%	53,783	$2M	trimmed−0%	0.00 pp	6 q
BH.ABiglari Holdings Inc. Class A	0.16%	2,394	$2M	added+2%	+0.01 pp	14 q
AMGNAmgen Inc	0.08%	3,720	$1M	held	—	14 q
TRUPTrupanion, Inc.	0.07%	32,355	$893,322	added+35%	+0.01 pp	14 q
CDLXCardlytics, Inc.	0.05%	42,475	$615,463	added+83%	+0.03 pp	7 q
XTiShares Trust iShares Future Exponential Technologies ETF	0.05%	12,450	$742,269	held	—	14 q
CATCaterpillar Inc.	0.04%	1,617	$592,517	trimmed−6%	0.00 pp	14 q
unresolvedGeneral Electric Co	0.04%	3,327	$583,988	held	—	6 q
GSGoldman Sachs Group Inc.	0.04%	1,230	$513,759	held	—	14 q
unresolvedGoogle Inc.	0.04%	3,370	$508,634	held	—	14 q
SPYState Street SPDR S&P 500 ETF Trust	0.04%	965	$504,763	held	—	14 q
AMZNAmazon.Com Inc	0.03%	2,520	$454,558	held	—	14 q
COPConocoPhillips	0.03%	3,404	$433,261	held	—	12 q
DISThe Walt Disney Company	0.03%	3,360	$411,130	held	—	14 q
MATXMatsons, Inc.	0.03%	3,396	$381,669	trimmed−9%	0.00 pp	3 q
TSLATesla, Inc.	0.03%	2,478	$435,608	held	—	5 q
UBERUber Technologies, Inc.	0.03%	4,500	$346,455	trimmed−4%	+0.01 pp	4 q
unresolvedBiglari Holdings Inc	0.02%	1,275	$241,842	new	+0.02 pp	new
CVXChevron Corporation	0.02%	1,500	$236,610	held	—	13 q
FASTFastenal Co	0.02%	3,960	$305,474	held	—	14 q
ITWIllinois Tool Works Inc.	0.02%	1,100	$295,163	held	—	6 q
PGProcter & Gamble Company	0.02%	1,300	$210,925	new	+0.02 pp	new
RTXRTX Corporation	0.02%	3,489	$340,282	held	—	3 q
SCHGSchwab U.S. Large-Cap Growth ETF	0.02%	2,450	$227,164	held	—	2 q
SRESempra	0.02%	3,799	$272,857	held	—	5 q
TMHCTaylor Morrison Home Corporation	0.02%	3,400	$211,378	new	+0.02 pp	new
TSNTyson Foods, Inc.	0.02%	4,050	$237,856	held	—	3 q
VZVerizon Communications	0.02%	7,400	$310,504	trimmed−18%	−0.01 pp	14 q
WFCWells Fargo & Co.	0.02%	5,063	$293,451	trimmed−26%	−0.01 pp	14 q
MTRBFMetro Bk Hldgs PLC	0.00%	32,500	$13,240	held	—	4 q
BABoeing Company	—	−1,030	—	exited	−0.02 pp	—

Other 13(f) securities

Options 1

Contract	% of notional	Shares	Notional
BRK.B CALL	100.00%	3,991,500	$1.7B

Notes 0

None in this filing

Source

Form: 13F-HR
Reading: 7 defects · 3 unresolved
Accession: 0001032814-24-000007
Notes: none in this filing
SEC cross-check: SEC data set not published yet

A row was set aside — invalid CUSIP 045290255
A security outside the official 13F list — CUSIP 045290255 not on the Official 13(f) List for 2024-03-31
A security outside the official 13F list — CUSIP 08986R101 not on the Official 13(f) List for 2024-03-31
A security outside the official 13F list — CUSIP 369604103 not on the Official 13(f) List for 2024-03-31
A security outside the official 13F list — CUSIP 38259P508 not on the Official 13(f) List for 2024-03-31
A security outside the official 13F list — CUSIP 38259P706 not on the Official 13(f) List for 2024-03-31
A security outside the official 13F list — CUSIP G60643106 not on the Official 13(f) List for 2024-03-31

Search