AKRE Capital Management’s Discovery, Inc. Series C Common Stock DISCK Stock Holding History

AKRE Capital Management’s Portfolio DISCK Stock Details DISCK Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-6,019,258	Closed	-$177M	–	38
2015 Q1	$177M	Buy	6,019,258 +271,718	+5%	+$8.21M	4.5%	8
2014 Q4	$194M	Buy	5,747,540 +15,200	+0.3%	+$518K	5.1%	7
2014 Q3	$214M	Sell	5,732,340 -4,120	-0.1%	-$167K	6.06%	6
2014 Q2	$208M	Buy	5,736,460 +2,168,060	+61%	+$79.5M	6.05%	6
2014 Q1	$137M	Buy	3,568,400 +2,768,400	+346%	+$106M	4.4%	8
2013 Q4	$33.5M	Hold	800,000	–	–	1.24%	21
2013 Q3	$31.2M	Hold	800,000	–	–	1.33%	20
2013 Q2	$27.9M	Buy	+800,000	New	+$27.9M	1.26%	21

Other funds holding DISCK

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

JSP

Jackson Square Partners Larkspur, California $247M AUM 20.29% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

VVP

Vulcan Value Partners Birmingham, Alabama $3.77B AUM 9.63% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

Meritage Group San Francisco, California $2.65B AUM 6.3% 1-Year Est. Return

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

AKRE Capital Management's DISCK Position: Q2 2015 in Review

AKRE Capital Management sold out of Discovery, Inc. Series C Common Stock (DISCK) in Q2 2015, closing a stake of 6,019,258 shares — an estimated $177M sold.

AKRE Capital Management first reported a position in DISCK in Q2 2013 and held it in 8 quarters. The position peaked at $214M in Q3 2014. 471 funds tracked by Wall St. Rank hold DISCK as of Q2 2015.

AKRE Capital Management reported no remaining Discovery, Inc. Series C Common Stock position as of Q2 2015 after selling out during the quarter.
AKRE Capital Management sold 6,019,258 Discovery, Inc. Series C Common Stock shares in Q2 2015, an estimated $177M.
AKRE Capital Management first reported a position in Discovery, Inc. Series C Common Stock in Q2 2013 and held it in 8 quarters.
AKRE Capital Management's Discovery, Inc. Series C Common Stock position peaked at $214M in Q3 2014.
471 funds tracked by Wall St. Rank held Discovery, Inc. Series C Common Stock as of Q2 2015.

Based on AKRE Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.