Check Capital

Q1 2026 13F · by Steven Check, CIO

As of: Mar 31, 2026
Filed: May 4, 2026
US stock: $1.6B · prev $1.7B
Positions: 49 · prev 50
Options notional: $1.8B
Documents: 1· no amendments

Picture47.1% US stock

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

US stock listed on a US exchange 47.1%
Foreign stock not listed in the US 0.1%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 52.8%

Moves33 since the prior filing

+3.6 pp in · −3.6 pp out

New 0 0.00 pp
Added 16 +3.59 pp
Trimmed 15 −3.60 pp
Exited 1 −0.01 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 · 3.0% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions72% of US stock

BRK.B BERKSHIRE HATHAWAY Class B added−0.38 pp added−0.3832.8%
GOOG Alphabet Inc. Class C trimmed−0.99 pp trimmed−0.9912.2%
BN Brookfield Corporation trimmed−1.11 pp trimmed−1.1110.9%
MKL Markel Group Inc. trimmed−0.87 pp trimmed−0.879.1%
AER Aercap Holdings N.V. trimmed−0.19 pp trimmed−0.196.9%

Positions49 in this filing · 1 exited


BRK.BBERKSHIRE HATHAWAY Class B	32.75%	1,108,390	$531M	added+1%	−0.38 pp	22 q
GOOGAlphabet Inc. Class C	12.21%	690,399	$198M	trimmed−2%	−0.99 pp	22 q
BNBrookfield Corporation	10.93%	4,379,938	$177M	trimmed−0%	−1.11 pp	14 q
MKLMarkel Group Inc.	9.07%	76,886	$147M	trimmed−1%	−0.87 pp	22 q
AERAercap Holdings N.V.	6.92%	817,655	$112M	trimmed−1%	−0.19 pp	21 q
FCNCAFirst Citizens BancShares Inc	5.12%	44,068	$83M	added+3%	−0.37 pp	12 q
SIRISirius XM Holdings, Inc	4.19%	2,942,595	$68M	added+2%	+0.74 pp	7 q
LKQLKQ Corporation	3.47%	1,917,106	$56M	added+23%	+0.66 pp	22 q
AMZNAmazon.Com Inc	2.62%	204,087	$43M	added×58.6	+2.57 pp	22 q
DISThe Walt Disney Company	2.61%	438,533	$42M	added0%	−0.36 pp	22 q
HSYThe Hershey Company	2.46%	192,310	$40M	added+1%	+0.39 pp	9 q
CMPRCimpress PLC (Ireland)	2.12%	471,466	$34M	added+16%	+0.50 pp	22 q
JEFJefferies Financial Group Inc.	1.73%	680,171	$28M	added+50%	+0.05 pp	2 q
BRK.ABerkshire Hathaway Inc.	1.28%	29	$21M	held	—	22 q
WWayfair Inc.	0.78%	167,948	$13M	added0%	−0.22 pp	22 q
AAPLApple Inc.	0.36%	23,073	$6M	trimmed−9%	−0.05 pp	22 q
BH.ABiglari Holdings Inc. Class A	0.17%	1,578	$3M	trimmed−28%	−0.06 pp	22 q
MSFTMicrosoft Corp	0.14%	6,079	$2M	trimmed−1%	−0.04 pp	22 q
AMGNAmgen Inc	0.08%	3,885	$1M	held	—	22 q
CATCaterpillar Inc.	0.07%	1,717	$1M	held	—	22 q
unresolvedGoogle Inc.	0.07%	3,683	$1M	added+2%	0.00 pp	22 q
GSGoldman Sachs Group Inc.	0.06%	1,230	$1M	held	—	22 q
TSLATesla, Inc.	0.06%	2,500	$929,375	held	—	13 q
TRUPTrupanion, Inc.	0.06%	40,695	$1M	trimmed−0%	−0.03 pp	22 q
GEVGE Vernova Inc.	0.05%	901	$786,483	trimmed−9%	+0.01 pp	7 q
unresolvedGeneral Electric Co	0.05%	2,990	$848,472	trimmed−8%	−0.01 pp	14 q
BACBank of America Corporation	0.04%	12,032	$586,563	trimmed−85%	−0.22 pp	22 q
BAMBrookfield Asset Management Ltd.	0.04%	12,954	$575,805	added+1%	0.00 pp	14 q
GLWCorning Incorporated	0.04%	5,050	$686,648	held	—	7 q
XTiShares Trust iShares Future Exponential Technologies ETF	0.04%	8,800	$599,714	held	—	22 q
RTXRTX Corporation	0.04%	3,489	$673,028	held	—	11 q
SPYState Street SPDR S&P 500 ETF Trust	0.04%	965	$627,578	held	—	22 q
unresolvedBiglari Holdings Inc	0.02%	967	$318,714	trimmed−28%	−0.01 pp	9 q
BABoeing Company	0.02%	1,445	$287,598	added+16%	0.00 pp	6 q
CVXChevron Corporation	0.02%	1,350	$279,315	held	—	3 q
COPConocoPhillips	0.02%	2,534	$334,488	held	—	20 q
FRFHFFairfax Fincl Hldg S/VTG	0.02%	219	$371,968	added+65%	0.00 pp	2 q
FASTFastenal Co	0.02%	7,920	$367,488	held	—	22 q
FDXFedEx Corporation	0.02%	993	$353,687	trimmed−56%	−0.02 pp	22 q
ITWIllinois Tool Works Inc.	0.02%	1,100	$286,319	held	—	14 q
JPMJPMorgan Chase & Co.	0.02%	956	$281,230	added0%	0.00 pp	6 q
NVDANvidia Corp	0.02%	2,117	$369,205	held	—	6 q
DGXQuest Diagnostics Inc.	0.02%	1,300	$254,775	held	—	22 q
SCHGSchwab U.S. Large-Cap Growth ETF	0.02%	9,800	$285,474	held	—	10 q
UBERUber Technologies, Inc.	0.02%	4,860	$349,580	held	—	12 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.02%	1,232	$333,367	added+71%	+0.01 pp	3 q
WFCWells Fargo & Co.	0.02%	4,413	$351,319	trimmed−12%	−0.01 pp	22 q
CFGCitizens Financial Group, Inc.	0.01%	3,800	$227,886	held	—	3 q
VZVerizon Communications	0.01%	4,800	$240,960	trimmed−18%	0.00 pp	22 q
METAMeta Platforms, Inc. Class A	—	−336	—	exited	−0.01 pp	—