Check Capital Management Inc/ca
Check Capital Management Inc. is a value-oriented asset management and investment adviser firm based in Costa Mesa, California, founded in 1987 by Steven Check. The firm manages over $2.1 billion in assets for individuals, high-net-worth clients, retirement plans, and corporate clients across the United States. Offering both profit-based and flat-fee management options, CCM is known for its long-term, client-focused approach. The firm employs approximately 11 professionals who provide tailored portfolio management, asset allocation advice, and retirement planning services.
Investment Strategy
Check Capital Management follows a value-oriented investment philosophy, focusing on acquiring shares of exceptional, high-quality businesses—primarily industry leaders—with competitive advantages, but only when they are trading at attractive prices. The firm carefully researches and selects a concentrated portfolio (typically 12 to 20 holdings) of businesses run by owner-operators, holding investments for extended periods, often over five years, to allow value realization. This long-term, disciplined investment approach aims to protect client assets and generate sustainable returns.
Latest 13F Filing Activity
Check Capital Management Inc/ca filed their most recent 13F report on Jun 30, 2025 disclosing 43 equity positions and 1 options positions with a total 13F market value of $3B. The fund increased holdings in Brookfield Corp., Aercap Holdings, Disney (walt) among other positions. Check Capital Management Inc/ca reduced exposure to Berkshire Hathaway, Suncor, LKQ Corp. among others.
Top Holdings
Equity Positions (43)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BRK-B | Berkshire Hathaway | 17.61% | $520.8M | 1,072,065 | $162.45 | $485.77 | -$44.7M |
B BN | Brookfield Corp. | 6.16% | $182.1M | 2,943,591 | $31.66 | $61.85 | +$25.1M |
M MKL | Markel | 5.25% | $155.4M | 77,780 | $1212.42 | $1997.36 | +$7.5M |
A AER | AerCap Holdings | 3.32% | $98.1M | 838,329 | $56.09 | $117.00 | +$10.9M |
F FCNCA | First Citizens | 2.27% | $67.1M | 34,286 | $1495.62 | $1956.47 | +$4.1M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
B BRK-B | Berkshire Hathaway | Sold | Call | $1.44B | 29,655 | $485.77 | $205.34 | -5,830 | -$449.3M |
Industry Allocation
Investment Team (6)
| Name | Role | Location | |
|---|---|---|---|
 | MANAGING DIRECTOR | United States | |
 | Vice President, Senior Investment Officer | Newport Beach, CA , United States | |
 | Vice President and Senior Investment Officer | Orange County, CA , United States | |
| President | — | ||
 | Vice President and Senior Investment Officer | San Antonio, TX , United States | |
 | Vice President and Senior Investment Officer | Orange County, CA , United States |