Arkolith/Funds/Check Capital Management Inc

Check Capital Management Inc

CIK 1032814Market maker
Holdings as of Mar 31, 2026·disclosed May 4, 2026·~34-day 13F lag·13F-HR
Inactive

Check Capital Management Inc holds a concentrated book of 49 stocks worth $1.6B as of Q1 2026 (disclosed May 4, 2026, a ~45-day 13F lag). This quarter they trimmed Alphabet. Their largest long position is Berkshire Hathaway Inc-CL B at 33% of the equity book. They also disclosed $1.8B in call options (bullish), shown separately below and excluded from the equity book. Cloning the disclosed picks since 2013 would be +186% (+8.6%/yr). That is a simulation of the disclosed long book, not audited returns.

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Use Arkolith to show CHECK CAPITAL MANAGEMENT INC/CA's latest
holdings, largest changes, and filing provenance.
Opened
0
new positions
Added to
16
existing
Trimmed
15
reduced
Sold out
1
exited

Growth of $10,000: cloning the disclosed book

If you'd copied them
+186.1%
+8.6%/yr · since Oct '13
Their reported book
+229.8%
held from quarter-end
S&P 500
+428.0%
same window
$10K$21K$32K$43K$54KOct '13May '16Dec '18Jun '21Jan '24Jul '26
Check Capital Management Inc (copied at disclosure) S&P 500

The reported book (valued from quarter-end) returned +229.8%, a 43.6-point gap that is the cost of the ~45-day 13F disclosure lag a real follower can't avoid.

Growth of $10,000 cloning Check Capital Management Inc's disclosed long 13F book, rebalanced on each filing date (so it reflects the ~45-day reporting lag, no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

Concentration

Top-heavy: concentrated book

Top 5 holdings
72%
Top 10 holdings
90%
Top 20 holdings
99%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

85% mapped to company sectors

Financials
50%
ETF / fund or unclassified
15%
Real Estate
11%
Industrials
11%
Consumer Discretionary
6%
Communication Services
4%
Consumer Staples
2%
Information Technology
1%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as Check Capital Management Inc

Manager / fundShared namesTheir $ in those
BlackRock, Inc.44 / 49$1.6T
FMR LLC44 / 49$593.3B
MORGAN STANLEY44 / 49$377.4B
ROYAL BANK OF CANADA44 / 49$107.1B
UBS Group AG44 / 49$90.7B
FIFTH THIRD BANCORP44 / 49$13.4B
Parallel Advisors, LLC44 / 49$980.5M
VANGUARD GROUP INC43 / 49$2.1T

Ranked by how many of Check Capital Management Inc's top 49 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

49 positions
#SecurityValueShares% PortLast moveHistory
1Berkshire Hathaway
COM
$531.1M1.11M
32.7%
+0.5%
Added · +6K sh
2Alphabet
COM
$198.0M690.4K
12.2%
−1.9%
Reduced · −13K sh
3Brookfield Corp.
COM
$177.3M4.38M
10.9%
−0.2%
Reduced · −9K sh
4Markel
COM
$147.2M76.9K
9.1%
−0.6%
Reduced · −427 sh
5AerCap Holdings
COM
$112.2M817.7K
6.9%
−1.2%
Reduced · −10K sh
6First Citizens
COM
$83.1M44.1K
5.1%
+3.0%
Added · +1K sh
7Sirius XM
COM
$67.9M2.94M
4.2%
+2.0%
Added · +59K sh
8LKQ Corp
COM
$56.3M1.92M
3.5%
+23%
Added · +359K sh
9Amazon
COM
$42.5M204.1K
2.6%
59×
Added · +201K sh
10Disney (Walt)
COM
$42.3M438.5K
2.6%
+0.4%
Added · +2K sh
11Hershey Foods
COM
$40.0M192.3K
2.5%
+0.8%
Added · +2K sh
12Cimpress
COM
$34.4M471.5K
2.1%
+16%
Added · +65K sh
13Jefferies
COM
$28.1M680.2K
1.7%
+50%
Added · +228K sh
14Berkshire Hathaway 'A'
COM
$20.8M29
1.3%
Held
15Wayfair
COM
$12.6M167.9K
0.8%
+0.5%
Added · +756 sh
16Apple
COM
$5.9M23.1K
0.4%
−9.1%
Reduced · −2K sh
17Biglari Cl A
COM
$2.7M1.6K
0.2%
−28%
Reduced · −622 sh
18Microsoft
COM
$2.3M6.1K
0.1%
−0.8%
Reduced · −47 sh
19Amgen
COM
$1.4M3.9K
0.1%
Held
20Caterpillar Tractor
COM
$1.2M1.7K
0.1%
Held
21Alphabet Class A
COM
$1.1M3.7K
0.1%
+1.6%
Added · +60 sh
22Trupanion Inc.
COM
$1.0M40.7K
0.1%
−0.2%
Reduced · −85 sh
23Goldman Sachs
COM
$1.0M1.2K
0.1%
Held
24Tesla Motors
COM
$929K2.5K
0.1%
Held
25General Electric
COM
$848K3.0K
0.1%
−7.7%
Reduced · −250 sh
26GE Vernova
COM
$786K901
0.0%
−8.8%
Reduced · −87 sh
27Corning
COM
$687K5.0K
0.0%
Held
28Raytheon Technologies
COM
$673K3.5K
0.0%
Held
29SPDR S&P 500
ETF
$628K965
0.0%
Held
30IShares Exponential Technologi
ETF
$600K8.8K
0.0%
Held
31Bank of America
COM
$587K12.0K
0.0%
−85%
Reduced · −68K sh
32Brookfield Asset Management
COM
$576K13.0K
0.0%
+1.3%
Added · +168 sh
33Fairfax Finl Hldgs
COM
$372K219
0.0%
+65%
Added · +86 sh
34Nvidia
COM
$369K2.1K
0.0%
Held
35Fastenal
COM
$367K7.9K
0.0%
Held
36FedEx
COM
$354K993
0.0%
−56%
Reduced · −1K sh
37Wells Fargo
COM
$351K4.4K
0.0%
−12%
Reduced · −625 sh
38Uber
COM
$350K4.9K
0.0%
Held
39Conocophillips
COM
$334K2.5K
0.0%
Held
40UnitedHealth
COM
$333K1.2K
0.0%
+71%
Added · +513 sh
41Biglari Holdings
COM
$319K967
0.0%
−28%
Reduced · −373 sh
42Boeing Co
COM
$288K1.4K
0.0%
+16%
Added · +200 sh
43Illinois Tool Works
COM
$286K1.1K
0.0%
Held
44Schwab US Large Cap Growth
COM
$285K9.8K
0.0%
Held
45JPMorgan Chase
COM
$281K956
0.0%
+0.1%
Added · +1 sh
46Chevron
COM
$279K1.4K
0.0%
Held
47Quest Diagnostics
COM
$255K1.3K
0.0%
Held
48Verizon
COM
$241K4.8K
0.0%
−18%
Reduced · −1K sh
49Citizens Financial Group
COM
$228K3.8K
0.0%
Held
Showing all 49 positions

Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Call notional (bullish)$1.8B
TypeUnderlyingNotional valueUnderlying shares
CALL · bullishBERKSHIRE HATHAWAY INC-CL BBRK/B$1.8B3.8M

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 4, 202666$3.4B13F-HR
Q4 2025Dec 31, 2025Feb 6, 202675$3.4B13F-HR
Q3 2025Sep 30, 2025Nov 6, 202570$3.0B13F-HR
Q2 2025Jun 30, 2025Jul 25, 202567$3.0B13F-HR
Q1 2025Mar 31, 2025May 2, 202569$3.4B13F-HR
Q4 2024Dec 31, 2024Jan 30, 202577$3.4B13F-HR
Q3 2024Sep 30, 2024Nov 6, 202472$3.2B13F-HR
Q2 2024Jun 30, 2024Jul 25, 202468$3.0B13F-HR
Q1 2024Mar 31, 2024Apr 19, 202466$3.0B13F-HR
Q4 2023Dec 31, 2023Jan 31, 202470$2.7B13F-HR
Q3 2023Sep 30, 2023Jan 31, 202468$2.6B13F-HR/A
Q2 2023Jun 30, 2023Jan 31, 202458$2.5B13F-HR/A
Q1 2023Mar 31, 2023Jan 31, 202460$2.2B13F-HR/A
Q4 2022Dec 31, 2022Jan 31, 202468$2.1B13F-HR/A
Q3 2022Sep 30, 2022Nov 2, 202267$1.9B13F-HR
Q2 2022Jun 30, 2022Jul 28, 202266$2.0B13F-HR
Q1 2022Mar 31, 2022May 9, 202266$2.6B13F-HR
Q4 2021Dec 31, 2021Feb 4, 202273$2.4B13F-HR
Q3 2021Sep 30, 2021Nov 9, 202174$2.2B13F-HR
Q2 2021Jun 30, 2021Aug 9, 202176$2.2B13F-HR
Amended / restated
  • Q3 2023 · filed Nov 3, 202313F-HR · superseded
  • Q2 2023 · filed Aug 10, 202313F-HR · superseded
  • Q1 2023 · filed May 17, 202313F-HR · superseded
  • Q4 2022 · filed Feb 6, 202313F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.