Check Capital

Q3 2024 13F · by Steven Check, CIO

As of: Sep 30, 2024
Filed: Nov 6, 2024
US stock: $1.4B · prev $1.4B
Positions: 50 · prev 49
Options notional: $1.8B
Documents: 1· no amendments

Picture43.2% US stock

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

US stock listed on a US exchange 43.2%
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 56.8%

Moves37 since the prior filing

−0.1 pp in · 0.0 pp out

New 4 +0.34 pp
Added 16 −0.48 pp
Trimmed 13 +0.38 pp
Exited 3 −0.37 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 · 1.8% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions72% of US stock

BRK.B BERKSHIRE HATHAWAY Class B trimmed+0.04 pp trimmed+0.0436.5%
BN Brookfield Corporation trimmed+2.21 pp trimmed+2.2111.5%
GOOG Alphabet Inc. Class C trimmed−1.23 pp trimmed−1.239.0%
MKL Markel Group Inc. added−0.27 pp added−0.278.6%
AER Aercap Holdings N.V. added−0.04 pp added−0.045.9%

Positions50 in this filing · 3 exited


BRK.BBERKSHIRE HATHAWAY Class B	36.52%	1,114,468	$513M	trimmed−9%	+0.04 pp	16 q
BNBrookfield Corporation	11.48%	3,034,784	$161M	trimmed−1%	+2.21 pp	8 q
GOOGAlphabet Inc. Class C	8.98%	754,552	$126M	trimmed−1%	−1.23 pp	16 q
MKLMarkel Group Inc.	8.64%	77,353	$121M	added0%	−0.27 pp	16 q
AERAercap Holdings N.V.	5.90%	874,612	$83M	added0%	−0.04 pp	15 q
LKQLKQ Corporation	4.60%	1,618,860	$65M	added+1%	−0.28 pp	16 q
SUSuncor Energy, Inc.	4.50%	1,710,554	$63M	trimmed−0%	−0.29 pp	16 q
FCNCAFirst Citizens BancShares Inc	3.67%	27,994	$52M	added0%	+0.23 pp	6 q
FDXFedEx Corporation	3.65%	187,056	$51M	trimmed−0%	−0.47 pp	16 q
KMXCarMax Inc.	3.39%	614,589	$48M	trimmed−0%	+0.08 pp	16 q
CMPRCimpress PLC (Ireland)	2.01%	344,378	$28M	added+1%	−0.17 pp	16 q
HSYThe Hershey Company	1.88%	137,662	$26M	added+1%	+0.04 pp	3 q
BRK.ABerkshire Hathaway Inc.	1.48%	30	$21M	held	—	16 q
WWayfair Inc.	0.80%	199,433	$11M	trimmed−0%	+0.03 pp	16 q
AAPLApple Inc.	0.52%	31,582	$7M	trimmed−5%	+0.01 pp	16 q
BACBank of America Corporation	0.28%	99,081	$4M	trimmed−3%	−0.02 pp	16 q
SIRISirius XM Holdings, Inc	0.28%	164,214	$4M	new	+0.28 pp	new
BAMBrookfield Asset Management Ltd.	0.18%	52,536	$2M	trimmed−2%	+0.03 pp	8 q
MSFTMicrosoft Corp	0.18%	5,996	$3M	added+3%	−0.01 pp	16 q
BH.ABiglari Holdings Inc. Class A	0.14%	2,389	$2M	held	—	16 q
TRUPTrupanion, Inc.	0.12%	41,460	$2M	added+3%	+0.03 pp	16 q
AMGNAmgen Inc	0.09%	3,795	$1M	added+2%	+0.01 pp	16 q
CATCaterpillar Inc.	0.05%	1,717	$671,553	held	—	16 q
XTiShares Trust iShares Future Exponential Technologies ETF	0.05%	12,450	$757,956	held	—	16 q
TSLATesla, Inc.	0.05%	2,478	$648,319	held	—	7 q
AMZNAmazon.Com Inc	0.04%	2,903	$540,946	added+15%	0.00 pp	16 q
unresolvedGeneral Electric Co	0.04%	3,327	$627,406	held	—	8 q
GSGoldman Sachs Group Inc.	0.04%	1,230	$608,985	held	—	16 q
unresolvedGoogle Inc.	0.04%	3,531	$585,574	added+5%	0.00 pp	16 q
SPYState Street SPDR S&P 500 ETF Trust	0.04%	965	$553,678	held	—	16 q
RTXRTX Corporation	0.03%	3,489	$422,727	held	—	5 q
unresolvedBiglari Holdings Inc	0.02%	1,340	$230,493	added+5%	0.00 pp	3 q
CVXChevron Corporation	0.02%	1,510	$222,378	added+1%	0.00 pp	15 q
COPConocoPhillips	0.02%	3,334	$351,004	trimmed−2%	−0.01 pp	14 q
GLWCorning Incorporated	0.02%	5,050	$228,007	new	+0.02 pp	new
DISThe Walt Disney Company	0.02%	3,255	$313,098	added+3%	0.00 pp	16 q
FASTFastenal Co	0.02%	3,960	$282,823	held	—	16 q
GEVGE Vernova Inc.	0.02%	988	$251,920	new	+0.02 pp	new
ITWIllinois Tool Works Inc.	0.02%	1,100	$288,277	held	—	8 q
PGProcter & Gamble Company	0.02%	1,300	$225,160	held	—	3 q
DGXQuest Diagnostics Inc.	0.02%	1,435	$222,785	trimmed−25%	0.00 pp	16 q
SCHGSchwab U.S. Large-Cap Growth ETF	0.02%	2,450	$255,241	held	—	4 q
SRESempra	0.02%	3,799	$317,682	held	—	7 q
TMHCTaylor Morrison Home Corporation	0.02%	3,400	$238,884	new	+0.02 pp	new
TSNTyson Foods, Inc.	0.02%	4,250	$253,130	held	—	5 q
UBERUber Technologies, Inc.	0.02%	3,500	$263,060	trimmed−7%	0.00 pp	6 q
VZVerizon Communications	0.02%	6,470	$290,550	added+20%	0.00 pp	16 q
WFCWells Fargo & Co.	0.02%	4,913	$277,535	held	—	16 q
CDLXCardlytics, Inc.	0.01%	50,650	$162,080	added+10%	−0.02 pp	9 q
MTRBFMetro Bk Hldgs PLC	0.00%	10,000	$9,121	held	—	6 q
LM0CLiberty Media Corp-liber-new	—	−200,112	—	exited	−0.32 pp	—
MATXMatsons, Inc.	—	−3,296	—	exited	−0.03 pp	—
BABoeing Company	—	−1,230	—	exited	−0.02 pp	—