Check Capital’s flagship strategy since we opened for business in 1987, the Quality Growth Program exemplifies CCM’s investment ideals. From the outset, we’ve focused on buying industry-leading companies that have shrewd management, generate predictable cashflow plus high returns on capital, and are selling at a bargain price.
Quality Growth portfolios are typically comprised of between 15 and 25 stocks, each with a usual holding period of three-to-five years or longer.
(Period Ending 12/31/17)
*Compound annual growth rates
For more information view the GIPS compliant presentation for the Quality Growth Program related to the graph above.
NOTES TO PERFORMANCE: Check Capital Management Inc. (“CCM”) is an SEC-registered investment adviser. The composite includes all fully discretionary separately managed accounts which follow the firm’s investment strategy, including those accounts no longer with the firm. Composite returns are presented net of a 10%-of-profits management fees and include the reinvestment of all income. CCM’s value-oriented strategy is to invest in a portfolio of common stocks, generally of large market capitalization companies. The U.S. Dollar is the currency used to express performance. Past performance is not a guarantee of future results. The S&P 500 Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole. While the Quality Growth Program generally invests in S&P 500 stocks, investments differ significantly in comparison to the S&P 500 in terms of security holdings and industry weightings.