CC
Check Capital Management Inc/ca 13F Holdings & Position Changes (Q2 2026)
Check Capital Management Inc/caCIK: 0001032814
Concentrated strategySector-focusedMomentum follower
Total reported value
$3.7B
Reporting period: 2026-06-30 · Number of holdings: 31
CHECK CAPITAL MANAGEMENT INC/CA disclosed 31 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $3.7B and a quarterly turnover rate of 10.8%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "C"
Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 10.76
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 32
- Sizing Uniformity
- 73.24
Check Capital Management Inc/ca's disclosed holdings carry a Herfindahl concentration index of 0.482 — mathematically equivalent to about 2 equally-sized positions, well below its 31 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.68), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 7.8 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 23% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd 38259P706
-3.3% $37.9M
Add BRK-B
+5.0% $225.0M
Add SIRI
-0.5% $18.6M
Trim LKQ
-1.6% -$6.6M
Add 045290255
+0.2% $13.6M
Trim HSY
+6.7% -$4.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 68.02% | +0.37% | +4.95% | |
| 2 | ✓ | Alphabet Inc Cl C | Stock-Other | 6.24% | +0.54% | -3.28% | |
| 3 | BN | Brookfield CORP | Stock-Financials | 4.97% | -0.15% | +0.67% | |
| 4 | MKL | Markel Group Inc | Stock-Financials | 4.09% | -0.15% | +3.02% | |
| 5 | AER | AerCap Holdings N.V. | Stock-Industrials | 3.12% | -0.12% | -1.20% | |
| 6 | FCNCA | First Citizens Bcshs -cl A | Stock-Financials | 2.44% | +0.04% | +0.65% | |
| 7 | SIRI | Sirius Xm Holdings Inc | Stock-Comm Services | 2.29% | +0.33% | -0.50% | |
| 8 | LKQ | Lkq CORP | Stock-Consumer Disc | 1.31% | -0.31% | -1.60% | |
| 9 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.30% | +0.07% | +0.97% | |
| 10 | ✓ | Cimpress | Stock-Other | 1.27% | +0.28% | +0.22% | |
| 11 | DIS | Walt Disney Co/the | Stock-Comm Services | 1.15% | -0.07% | +2.65% | |
| 12 | HSY | Hershey Co/the | Stock-Consumer Staples | 0.95% | -0.20% | +6.74% | |
| 13 | JEF | Jefferies Financial Group In | Stock-Financials | 0.91% | +0.10% | +0.84% | |
| 14 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.55% | -0.05% | -3.45% | |
| 15 | W | Wayfair Inc- Class A | Stock-Consumer Disc | 0.41% | +0.05% | +0.64% | |
| 16 | AAPL | Apple Inc | Stock-Tech | 0.18% | -0.17% | EXIT | |
| 17 | BH-A | Biglari Holdings Inc-a | Stock-Other | 0.09% | -0.08% | EXIT | |
| 18 | FRFHF | Fairfax Financial Hldgs LTD | Stock-Other | 0.09% | +0.08% | +803.65% | |
| 19 | MSFT | Microsoft CORP | Stock-Tech | 0.06% | -0.07% | EXIT | |
| 20 | CAT | Caterpillar Inc | Stock-Industrials | 0.05% | -0.04% | EXIT | |
| 21 | AMGN | Amgen Inc | Stock-Healthcare | 0.04% | -0.04% | EXIT | |
| 22 | GOOG | Alphabet Inc. | Stock-Comm Services | 0.03% | -0.03% | EXIT | |
| 23 | GLW | Corning Inc | Stock-Tech | 0.03% | -0.02% | EXIT | |
| 24 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.03% | -0.03% | EXIT | |
| 25 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 0.03% | -0.02% | EXIT | |
| 26 | GEV | GE Vernova Inc | Stock-Industrials | 0.03% | -0.02% | EXIT | |
| 27 | TRUP | Trupanion Inc | Stock-Other | 0.03% | -0.03% | EXIT | |
| 28 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.03% | -0.03% | EXIT | |
| 29 | XT | Ishar Fture Exp Tech Etf-usd | ETF-Tech | 0.02% | -0.02% | EXIT | |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.02% | -0.02% | EXIT | |
| 31 | BAC | Bank Of America CORP | Stock-Financials | 0.02% | -0.02% | EXIT | |
| 32 | RTX | Rtx CORP | Stock-Industrials | 0.02% | -0.02% | EXIT | |
| 33 | NVDA | Nvidia CORP | Stock-Tech | 0.02% | -0.01% | EXIT | |
| 34 | BAM | Brookfield Asset Mgmt-a | Stock-Financials | 0.02% | -0.02% | EXIT | |
| 35 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.01% | -0.01% | EXIT | |
| 36 | BH | Biglari Holdings Inc. | Stock-Other | 0.01% | -0.01% | EXIT | |
| 37 | FAST | Fastenal Co | Stock-Industrials | 0.01% | -0.01% | EXIT | |
| 38 | WFC | Wells Fargo & Co | Stock-Financials | 0.01% | -0.01% | EXIT | |
| 39 | UBER | Uber Technologies Inc | Stock-Industrials | 0.01% | -0.01% | EXIT | |
| 40 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.01% | -0.01% | EXIT | |
| 41 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.01% | -0.01% | EXIT | |
| 42 | BA | Boeing Co/the | Stock-Industrials | 0.01% | -0.01% | EXIT | |
| 43 | FDX | Fedex CORP | Stock-Industrials | 0.01% | -0.01% | EXIT | |
| 44 | ITW | Illinois Tool Works | Stock-Industrials | 0.01% | -0.01% | EXIT | |
| 45 | DGX | Quest Diagnostics Inc | Stock-Healthcare | 0.01% | -0.01% | EXIT | |
| 46 | CFG | Citizens Financial Group | Stock-Financials | 0.01% | -0.01% | EXIT | |
| 47 | FCX | Freeport-mcmoran Inc | Stock-Materials | 0.01% | — | — | |
| 48 | HBM | Hudbay Minerals Inc | Stock-Other | 0.01% | — | — | |
| 49 | LRCXEUR | Lam Research CORP | Stock-Tech | 0.01% | — | — | |
| 50 | ✓ | Stock-Other | 0.01% | — | — |
1–50 of 52
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 31 | $3.7B | 11 | ||
| 2026 Q1 | 66 | $3.4B | 6 | ||
| 2025 Q4 | 75 | $3.4B | 17 | ||
| 2025 Q3 | 70 | $3.0B | 25 | ||
| 2025 Q2 | 67 | $3.0B | 0 | ||
| 2025 Q1 | 69 | $3.4B | 100 | ||
| 2024 Q4 | 77 | $3.4B | 0 | ||
| 2024 Q3 | 72 | $3.2B | 0 | ||
| 2024 Q2 | 68 | $3.0B | 0 | ||
| 2024 Q1 | 66 | $3.0B | 0 | ||
| 2023 Q4 | 70 | $2.7B | 0 | ||
| 2023 Q3 | 68 | $2.6B | 0 | ||
| 2023 Q2 | 58 | $2.5B | — | ||
| 2023 Q1 | 60 | $2.2B | — | ||
| 2022 Q4 | 68 | $2.1B | — | ||
| 2022 Q3 | 67 | $1.9B | 0 | ||
| 2022 Q2 | 66 | $2.0B | 0 | ||
| 2022 Q1 | 66 | $2.6B | 0 | ||
| 2021 Q4 | 73 | $2.4B | 0 | ||
| 2021 Q3 | 74 | $2.2B | 0 | ||
| 2021 Q2 | 76 | $2.2B | 100 | ||
| 2021 Q1 | 71 | $2.0B | 14 | ||
| 2020 Q4 | 68 | $1.8B | 12 | ||
| 2020 Q3 | 65 | $1.6B | 19 | ||
| 2020 Q2 | 64 | $1.4B | 13 | ||
| 2020 Q1 | 60 | $1.5B | 37 | ||
| 2019 Q4 | 65 | $2.1B | 17 | ||
| 2019 Q3 | 65 | $1.9B | 7 | ||
| 2019 Q2 | 64 | $1.9B | 13 | ||
| 2019 Q1 | 60 | $1.9B | 9 | ||
| 2018 Q4 | 69 | $1.9B | 19 | ||
| 2018 Q3 | 68 | $2.0B | 20 | ||
| 2018 Q2 | 70 | $1.9B | 9 | ||
| 2018 Q1 | 69 | $1.9B | 17 | ||
| 2017 Q4 | 69 | $1.8B | 17 | ||
| 2017 Q3 | 67 | $1.7B | 13 | ||
| 2017 Q2 | 64 | $1.6B | 13 | ||
| 2017 Q1 | 58 | $1.5B | 25 | ||
| 2016 Q4 | 70 | $1.3B | 14 | ||
| 2016 Q3 | 67 | $1.3B | 15 | ||
| 2016 Q2 | 63 | $1.2B | 7 | ||
| 2016 Q1 | 65 | $1.2B | 23 | ||
| 2015 Q4 | 67 | $1.0B | 17 | ||
| 2015 Q3 | 60 | $1.0B | 8 | ||
| 2015 Q2 | 60 | $1.1B | 20 | ||
| 2015 Q1 | 67 | $1.2B | 13 | ||
| 2014 Q4 | 74 | $1.1B | 24 | ||
| 2014 Q3 | 82 | $1.1B | 18 | ||
| 2014 Q2 | 74 | $1.0B | 9 | ||
| 2014 Q1 | 69 | $972.8M | 19 | ||
| 2013 Q4 | 65 | $819.4M | 15 | ||
| 2013 Q3 | 65 | $751.7M | 15 | ||
| 2013 Q2 | 57 | $719.4M | 16 |
Holding changes this quarter
Check Capital Management Inc/ca's most significant position changes for 2026-06-30: Sold out: Apple Inc (AAPL); Sold out: Biglari Holdings Inc-a (BH-A); Sold out: Microsoft CORP (MSFT); Sold out: Amgen Inc (AMGN); Sold out: Caterpillar Inc (CAT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | Alphabet Inc Cl C | +0.5% | -3.28% | Trim |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | +0.4% | +4.95% | Add |
| 3 | SIRI | Sirius Xm Holdings Inc | +0.3% | -0.50% | Trim |
| 4 | ✓ | Cimpress | +0.3% | +0.22% | Add |
| 5 | JEF | Jefferies Financial Group In | +0.1% | +0.84% | Add |
| 6 | FRFHF | Fairfax Financial Hldgs LTD | +0.1% | +803.65% | Add |
| 7 | AMZN | Amazon.com Inc | +0.1% | +0.97% | Add |
| 8 | W | Wayfair Inc- Class A | +0.1% | +0.64% | Add |
| 9 | FCNCA | First Citizens Bcshs -cl A | 0% | +0.65% | Add |
| 10 | NVDA | Nvidia CORP | 0% | EXIT | Sold out |
| 11 | FAST | Fastenal Co | 0% | EXIT | Sold out |
| 12 | FDX | Fedex CORP | 0% | EXIT | Sold out |
| 13 | WFC | Wells Fargo & Co | 0% | EXIT | Sold out |
| 14 | UBER | Uber Technologies Inc | 0% | EXIT | Sold out |
| 15 | COP | Conocophillips | 0% | EXIT | Sold out |
| 16 | UNH | Unitedhealth Group Inc | 0% | EXIT | Sold out |
| 17 | BH | Biglari Holdings Inc. | 0% | EXIT | Sold out |
| 18 | BA | Boeing Co/the | 0% | EXIT | Sold out |
| 19 | ITW | Illinois Tool Works | 0% | EXIT | Sold out |
| 20 | SCHG | Schwab US Large-cap Growth | 0% | EXIT | Sold out |
| 21 | JPM | Jpmorgan Chase & Co | 0% | EXIT | Sold out |
| 22 | CVX | Chevron CORP | 0% | EXIT | Sold out |
| 23 | DGX | Quest Diagnostics Inc | 0% | EXIT | Sold out |
| 24 | VZ | Verizon Communications Inc | 0% | EXIT | Sold out |
| 25 | CFG | Citizens Financial Group | 0% | EXIT | Sold out |
| 26 | AEP | American Electric Power Company, Inc. | 0% | EXIT | Sold out |
| 27 | GEV | GE Vernova Inc | 0% | EXIT | Sold out |
| 28 | GLW | Corning Inc | 0% | EXIT | Sold out |
| 29 | RTX | Rtx CORP | 0% | EXIT | Sold out |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | EXIT | Sold out |
| 31 | XT | Ishar Fture Exp Tech Etf-usd | 0% | EXIT | Sold out |
| 32 | BAC | Bank Of America CORP | 0% | EXIT | Sold out |
| 33 | BAM | Brookfield Asset Mgmt-a | 0% | EXIT | Sold out |
| 34 | GOOG | Alphabet Inc. | 0% | EXIT | Sold out |
| 35 | TRUP | Trupanion Inc | 0% | EXIT | Sold out |
| 36 | GS | Goldman Sachs Group Inc | 0% | EXIT | Sold out |
| 37 | TSLA | Tesla Inc | 0% | EXIT | Sold out |
| 38 | AMGN | Amgen Inc | 0% | EXIT | Sold out |
| 39 | CAT | Caterpillar Inc | 0% | EXIT | Sold out |
| 40 | BRK-A | Berkshire Hathaway Inc-cl A | -0.1% | -3.45% | Trim |
| 41 | MSFT | Microsoft CORP | -0.1% | EXIT | Sold out |
| 42 | DIS | Walt Disney Co/the | -0.1% | +2.65% | Add |
| 43 | BH-A | Biglari Holdings Inc-a | -0.1% | EXIT | Sold out |
| 44 | AER | AerCap Holdings N.V. | -0.1% | -1.20% | Trim |
| 45 | BN | Brookfield CORP | -0.2% | +0.67% | Add |
| 46 | MKL | Markel Group Inc | -0.2% | +3.02% | Add |
| 47 | AAPL | Apple Inc | -0.2% | EXIT | Sold out |
| 48 | HSY | Hershey Co/the | -0.2% | +6.74% | Add |
| 49 | LKQ | Lkq CORP | -0.3% | -1.60% | Trim |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Check Capital Management Inc/ca and what type of investor is it?
Check Capital Management Inc/ca is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $3.7B, spread across 31 disclosed positions.
What are Check Capital Management Inc/ca's largest equity positions?
Based on the latest 13F filing, Check Capital Management Inc/ca's top holdings by market value are:
1. Berkshire Hathaway Inc-cl B (BRK-B) — $2.6B (68.0%)
2. Alphabet Inc Cl C — $235.9M (6.2%)
3. Brookfield CORP (BN) — $187.8M (5.0%)
4. Markel Group Inc (MKL) — $154.7M (4.1%)
5. AerCap Holdings N.V. (AER) — $117.8M (3.1%)
What changes did Check Capital Management Inc/ca make in its most recent portfolio filing?
In the latest reported quarter, Check Capital Management Inc/ca made 49 notable position adjustments: 0 new positions were initiated, 11 existing holdings were added to, 5 positions were partially reduced, and 33 were completely exited. The largest of these moves: Sold out: Apple Inc (AAPL); Sold out: Biglari Holdings Inc-a (BH-A); Sold out: Microsoft CORP (MSFT); Sold out: Amgen Inc (AMGN); Sold out: Caterpillar Inc (CAT)
What sectors does Check Capital Management Inc/ca focus on?
Check Capital Management Inc/ca is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 54.1%
• Communication Services: 15.0%
• Industrials: 13.6%
• Consumer Discretionary: 13.2%
• Consumer Staples: 4.2%
Investment Profile
Check Capital Management Inc/ca's portfolio is concentrated and long-term-holding, with 54.1% of the portfolio concentrated in Financials.
It has added to its BRK-B position over the past two quarters (+$251.8M, now $2.6B), while trimming TRUP over the same stretch (-$531.3K, still holding $992.7K).
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Developer Access
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