Chuck Akre AKRE Capital Management
Chuck Akre is the founder of Akre Capital Management, known for a “compounding machine” philosophy focused on exceptional businesses, capable management, and reinvestment opportunity. The firm is famous for long holding periods and a concentrated portfolio of high-quality companies. Akre’s annual letters are a staple for investors studying quality-growth compounding.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SBA Communications
SBAC
|
+$48.7M |
| 2 |
CarMax
KMX
|
+$36.7M |
| 3 |
Verisk Analytics
VRSK
|
+$33.5M |
| 4 |
ESGR
Enstar Group
ESGR
|
+$19.5M |
| 5 |
LKQ Corp
LKQ
|
+$17.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Live Nation Entertainment
LYV
|
+$150M |
| 2 |
LPL Financial
LPLA
|
+$29.8M |
| 3 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$8.99M |
| 4 |
AIG.WS
American International Group, Inc.
AIG.WS
|
+$8.74M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$3.35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.64% |
| 2 | Real Estate | 17.86% |
| 3 | Consumer Discretionary | 13.47% |
| 4 | Technology | 7.93% |
| 5 | Consumer Staples | 7.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alarm.com
ALRM
$2.82B
| $6.67M | 0.15% |
400,000
| – | – |
|
27
Duluth Holdings
DLTH
$145M
| $5.11M | 0.11% |
+350,000
| New | +$5.28M |
|
|
BAC.WS.A
28
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $4.26M | 0.09% |
732,890
| – | – |
|
|
COOP
29
DELISTED
Mr. Cooper
COOP
| $3.88M | 0.09% |
125,000
| – | – |
|
|
AIG.WS
30
DELISTED
American International Group, Inc.
AIG.WS
| $3.5M | 0.08% |
147,295
-362,505
| -71% | -$8.74M |
|
31
Lamar Advertising Co
LAMR
$15.3B
| $3.3M | 0.07% |
55,000
| – | – |
|
|
CCI.PRA
32
DELISTED
Crown Castle International Corp.
CCI.PRA
| $2.15M | 0.05% |
20,000
| – | – |
|
33
CSX Corp
CSX
$95.6B
| $1.06M | 0.02% |
122,085
| – | – |
|
|
AAIC
34
DELISTED
Arlington Asset Investment Corp.
AAIC
| $132K | ﹤0.01% |
10,000
| – | – |
|
|
35
LPL Financial
LPLA
$28.5B
| – | – |
-750,500
| Closed | -$29.8M |
|
|
36
Live Nation Entertainment
LYV
$42.4B
| – | – |
-6,260,154
| Closed | -$150M |
|
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Chuck Akre's Q4 2015 Portfolio in Review
As of Q4 2015, Chuck Akre held 36 positions worth $4.5B, up 4.5% from $4.31B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Chuck Akre's Q4 2015 filing shows 1 new, 12 increased, 6 reduced and 2 closed positions. Its largest new stake was Duluth Holdings: 350,000 shares worth $5.11M. The largest sale was Live Nation Entertainment, an estimated $150M.
By sector, the portfolio is most concentrated in Financials at 41% of assets, up from 40% a quarter earlier, followed by Real Estate and Consumer Discretionary.
- Chuck Akre's largest Q4 2015 buy was Duluth Holdings: 350,000 shares worth $5.11M.
- Chuck Akre added most to SBA Communications in Q4 2015, an estimated $48.7M increase.
- Chuck Akre's biggest Q4 2015 reduction was TD Ameritrade Holding Corp, cutting an estimated $8.99M.
- Chuck Akre fully exited Live Nation Entertainment in Q4 2015, selling an estimated $150M.
- Chuck Akre's ten largest holdings make up 72% of its $4.5B portfolio in Q4 2015.
- Chuck Akre opened 1 new position and closed 2 in Q4 2015.
- Chuck Akre's portfolio value rose 4.5% quarter-over-quarter to $4.5B.
Based on AKRE Capital Management's 13F filing for Q4 2015, filed 12 Feb 2016.