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 |
American Tower
AMT
|
+$66.3M |
| 2 |
Markel Group
MKL
|
+$54M |
| 3 |
Equinix
EQIX
|
+$22.2M |
| 4 |
MWE
MARKWEST ENERGY PARTNERS, LP
MWE
|
+$11.8M |
| 5 |
Enovis
ENOV
|
+$701K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$96M |
| 2 |
Hartford Financial Services
HIG
|
+$53.3M |
| 3 |
SHLD
Sears Holding Corporation
SHLD
|
+$12.6M |
| 4 |
America Movil
AMX
|
+$10.9M |
| 5 |
Bank of America
BAC
|
+$10.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 48.77% |
| 2 | Consumer Discretionary | 10.39% |
| 3 | Real Estate | 9.93% |
| 4 | Healthcare | 9.43% |
| 5 | Technology | 6.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Mastercard
MA
$509B
| $267M | 11.39% |
3,965,830
+4,950
| +0.1% | +$311K |
|
2
Moody's
MCO
$87.2B
| $245M | 10.45% |
3,481,520
+3,755
| +0.1% | +$246K |
|
|
3
Enovis
ENOV
$1.5B
| $221M | 9.43% |
2,273,497
+7,600
| +0.3% | +$701K |
|
|
4
American Tower
AMT
$81.9B
| $210M | 8.95% |
2,828,736
+918,556
| +48% | +$66.3M |
|
|
5
Markel Group
MKL
$22.2B
| $181M | 7.71% |
348,963
+102,819
| +42% | +$54M |
|
6
Dollar Tree
DLTR
$25.3B
| $139M | 5.91% |
2,423,768
+2,345
| +0.1% | +$127K |
|
7
Ross Stores
ROST
$76.7B
| $112M | 4.76% |
3,066,436
-195,660
| -6% | -$6.68M |
|
8
O'Reilly Automotive
ORLY
$72.1B
| $105M | 4.47% |
12,323,070
+25,800
| +0.2% | +$211K |
|
|
DTV
9
DELISTED
DIRECTV COM STK (DE)
DTV
| $102M | 4.34% |
1,700,000
-1,560,000
| -48% | -$96M |
|
10
Visa
V
$693B
| $96M | 4.1% |
2,009,720
| – | – |
|
|
AMTD
11
DELISTED
TD Ameritrade Holding Corp
AMTD
| $82.7M | 3.53% |
3,158,900
| – | – |
|
|
ESGR
12
DELISTED
Enstar Group
ESGR
| $68.1M | 2.91% |
498,476
+685
| +0.1% | +$95.8K |
|
13
LPL Financial
LPLA
$28.5B
| $65.1M | 2.78% |
1,700,000
| – | – |
|
14
Live Nation Entertainment
LYV
$42.4B
| $60.3M | 2.57% |
3,250,000
| – | – |
|
15
Jefferies Financial Group
JEF
$12.1B
| $54.5M | 2.32% |
2,234,256
| – | – |
|
16
Verisk Analytics
VRSK
$24.4B
| $52M | 2.22% |
800,000
| – | – |
|
17
Apple
AAPL
$4.51T
| $43.4M | 1.85% |
2,548,112
-2,800
| -0.1% | -$46.4K |
|
|
NS
18
DELISTED
NuStar Energy L.P.
NS
| $40.8M | 1.74% |
1,018,427
-31,573
| -3% | -$1.34M |
|
19
Berkshire Hathaway Class B
BRK.B
$1.06T
| $34.4M | 1.47% |
303,001
+750
| +0.2% | +$86.5K |
|
|
DISCK
20
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $31.2M | 1.33% |
800,000
| – | – |
|
21
Monro
MNRO
$392M
| $23.2M | 0.99% |
500,000
| – | – |
|
|
22
Equinix
EQIX
$105B
| $22.5M | 0.96% |
+122,500
| New | +$22.2M |
|
|
MWE
23
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $22M | 0.94% |
304,935
+172,200
| +130% | +$11.8M |
|
|
DHIL
24
DELISTED
Diamond Hill
DHIL
| $15.6M | 0.66% |
145,500
| – | – |
|
25
Factset
FDS
$10.7B
| $14.2M | 0.61% |
130,000
| – | – |
|
Similar funds
Chuck Akre's Q3 2013 Portfolio in Review
As of Q3 2013, Chuck Akre held 39 positions worth $2.34B, up 6% from $2.21B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Chuck Akre's Q3 2013 filing shows 2 new, 11 increased, 6 reduced and 4 closed positions. Its largest new stake was Equinix: 122,500 shares worth $22.5M. The largest sale was DIRECTV COM STK (DE), an estimated $96M.
By sector, the portfolio is most concentrated in Financials at 49% of assets, up from 48% a quarter earlier, followed by Consumer Discretionary and Real Estate.
- Chuck Akre's largest Q3 2013 buy was Equinix: 122,500 shares worth $22.5M.
- Chuck Akre added most to American Tower in Q3 2013, an estimated $66.3M increase.
- Chuck Akre's biggest Q3 2013 reduction was DIRECTV COM STK (DE), cutting an estimated $96M.
- Chuck Akre fully exited Sears Holding Corporation in Q3 2013, selling an estimated $12.6M.
- Chuck Akre's ten largest holdings make up 72% of its $2.34B portfolio in Q3 2013.
- Chuck Akre opened 2 new positions and closed 4 in Q3 2013.
- Chuck Akre's portfolio value rose 6% quarter-over-quarter to $2.34B.
Based on AKRE Capital Management's 13F filing for Q3 2013, filed 13 Nov 2013.