1y return+12.1%S&P 500 +20.9%
3y return+45.6%S&P 500 +68.5%
5y return+35.9%S&P 500 +74.5%
10y return+125.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $225 against $357 in the S&P 500.2
Check Capital Management Inc/caS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| BRK/BBerkshire Hathaway | $1.5B | 30.0% | +177.4% |
| AlphabetCUSIP 38259P706 | $707.8M | 13.8% | +190.2% |
| BNBrookfield Corp. | $563.1M | 11.0% | +201.9% |
| MKLMarkel | $464.1M | 9.0% | +209.1% |
| AerCap HoldingsCUSIP N00985106 | $353.3M | 6.9% | +196.4% |
| FCNCAFirst Citizens | $276.9M | 5.4% | +201.9% |
| SIRISirius XM | $259.5M | 5.1% | +198.5% |
| LKQLKQ Corp | $149.0M | 2.9% | +195.2% |
| AMZNAmazon | $147.3M | 2.9% | +202.9% |
| CimpressCUSIP 045290255 | $144.2M | 2.8% | +200.6% |
| DISDisney (Walt) | $130.0M | 2.5% | +208.0% |
| HSYHershey Foods | $108.0M | 2.1% | +220.2% |
| JEFJefferies | $102.8M | 2.0% | +202.5% |
| BRK/ABerkshire Hathaway 'A' | $62.9M | 1.2% | +189.7% |
| WWayfair | $46.9M | 0.9% | +201.9% |
| AAPLApple | $13.6M | 0.3% | +103.2% |
| FRFHFFairfax Finl Hldgs | $9.8M | 0.2% | +2611.0% |
| BH/ABiglari Cl A | $6.6M | 0.1% | +98.0% |
| MSFTMicrosoft | $4.6M | 0.1% | +104.9% |
| CATCaterpillar Tractor | $3.7M | 0.1% | +100.0% |
| AMGNAmgen | $2.8M | 0.1% | +100.0% |
| Alphabet Class ACUSIP 38259P508 | $2.6M | 0.1% | +100.0% |
| GLWCorning | $2.6M | 0.1% | +100.0% |
| GSGoldman Sachs | $2.5M | 0.0% | +100.0% |
| General ElectricCUSIP 369604103 | $2.2M | 0.0% | +100.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CATCaterpillar Tractor | June 30, 2020 | +741.8% | $3.7M |
| BH/ABiglari Cl A | June 30, 2020 | +528.5% | $6.6M |
| GLWCorning | September 30, 2024 | +465.7% | $2.6M |
| GSGoldman Sachs | June 30, 2020 | +411.8% | $2.5M |
| Alphabet Class ACUSIP 38259P508 | September 30, 2020 | +387.6% | $2.6M |
| GEVGE Vernova | September 30, 2024 | +360.8% | $2.1M |
| General ElectricCUSIP 369604103 | December 31, 2022 | +346.1% | $2.2M |
| WFCWells Fargo | June 30, 2020 | +222.8% | $741K |
| AAPLApple | June 30, 2020 | +217.3% | $13.6M |
| BRK/BBerkshire Hathaway | June 30, 2020 | +180.3% | $1.5B |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.8% | +14.8% |
| March 31, 2026 | −7.0% | −4.6% |
| December 31, 2025 | +8.3% | +2.4% |
| September 30, 2025 | +3.1% | +7.8% |
| June 30, 2025 | +0.5% | +10.5% |
| March 31, 2025 | −0.3% | −4.6% |
| December 31, 2024 | +7.6% | +2.1% |
| September 30, 2024 | +2.3% | +5.4% |
| June 30, 2024 | −0.4% | +4.0% |
| March 31, 2024 | +13.2% | +10.0% |
| December 31, 2023 | +4.5% | +11.2% |
| September 30, 2023 | +0.0% | −3.6% |
| June 30, 2023 | +9.0% | +8.3% |
| March 31, 2023 | +0.4% | +7.0% |
| December 31, 2022 | +5.9% | +7.1% |
| September 30, 2022 | −8.3% | −5.3% |
| June 30, 2022 | −17.0% | −16.5% |
| March 31, 2022 | −0.3% | −4.9% |
| December 31, 2021 | +7.7% | +10.7% |
| September 30, 2021 | −1.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Check Capital Management Inc/ca Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1032814&type=13F-HR&dateb=&owner=include&count=40CIK 1032814
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1032814/000103281426000005/Filed August 3, 2026 · accession 0001032814-26-000005