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Portfolio (Quarterly) Guide ↗

CHECK CAPITAL MANAGEMENT INC/CA

· CIK 0001032814
13F Portfolio $3.4B AUM 66 positions Filed May 4, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 14 Added 13 Reduced 1 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 Alphabet 690,399.0 $198.0M 5.76% -13K -1.9% $286.86
2 MKL Markel Financial Services 76,886.0 $147.2M 4.28% -427.0 -0.6% $1914.07 -5.3%
3 AER AerCap Holdings Industrials 817,655.0 $112.2M 3.26% -10K -1.2% $137.18 -0.1%
4 AAPL Apple Technology 23,073.0 $5.9M 0.17% -2K -9.1% $253.79 +20.1%
5 Biglari Cl A 1,578.0 $2.7M 0.08% -622.0 -28.3% $1742.69
6 MSFT Microsoft Technology 6,079.0 $2.3M 0.07% -47.0 -0.8% $370.16 +11.4%
7 General Electric 2,990.0 $848K 0.03% -250.0 -7.7% $283.77
8 GEV GE Vernova Utilities 901.0 $786K 0.02% -87.0 -8.8% $872.90 +7.9%
9 BAC Bank of America Financial Services 12,032.0 $587K 0.02% -68K -84.9% $48.75 +10.4%
10 FDX FedEx Industrials 993.0 $354K 0.01% -1K -55.6% $356.18 -6.7%
11 WFC Wells Fargo Financial Services 4,413.0 $351K 0.01% -625.0 -12.4% $79.61 +2.5%
12 Biglari Holdings 967.0 $319K 0.01% -373.0 -27.8% $329.59
13 VZ Verizon Communication Services 4,800.0 $241K 0.01% -1K -18.1% $50.20 -9.6%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 52.9%
Industrials 13.9%
Consumer Cyclical 13.5%
Communication Services 13.3%
Consumer Defensive 4.8%
Technology 1.1%
Healthcare 0.2%
Energy 0.1%
Utilities 0.1%