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 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$106M |
| 2 |
SBA Communications
SBAC
|
+$90.6M |
| 3 |
Enovis
ENOV
|
+$62.6M |
| 4 |
American Tower
AMT
|
+$57.1M |
| 5 |
Live Nation Entertainment
LYV
|
+$38.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ross Stores
ROST
|
+$12.9M |
| 2 |
Equinix
EQIX
|
+$1.84M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$1.23M |
| 4 |
Mastercard
MA
|
+$85.9K |
| 5 |
Hartford Financial Services
HIG
|
+$41.7K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.77% |
| 2 | Real Estate | 14.78% |
| 3 | Healthcare | 12.5% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Communication Services | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Enovis
ENOV
$1.5B
| $368M | 11.78% |
2,999,163
+544,891
| +22% | +$62.6M |
|
|
2
American Tower
AMT
$81.9B
| $330M | 10.55% |
4,027,121
+700,745
| +21% | +$57.1M |
|
|
3
Mastercard
MA
$509B
| $296M | 9.47% |
3,963,530
-1,100
| -0% | -$85.9K |
|
4
Moody's
MCO
$87.2B
| $276M | 8.84% |
3,482,130
+1,180
| +0% | +$92.4K |
|
5
Markel Group
MKL
$22.2B
| $227M | 7.27% |
381,007
+290
| +0.1% | +$165K |
|
6
Dollar Tree
DLTR
$25.3B
| $156M | 4.98% |
2,983,023
+59,835
| +2% | +$3.18M |
|
|
7
Live Nation Entertainment
LYV
$42.4B
| $138M | 4.42% |
6,350,000
+1,791,700
| +39% | +$38.9M |
|
|
DISCK
8
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $137M | 4.4% |
3,568,400
+2,768,400
| +346% | +$106M |
|
9
Visa
V
$693B
| $123M | 3.94% |
2,281,720
+272,000
| +14% | +$15.1M |
|
10
O'Reilly Automotive
ORLY
$72.1B
| $122M | 3.9% |
12,328,230
+8,685
| +0.1% | +$82.9K |
|
|
11
Ross Stores
ROST
$76.7B
| $117M | 3.73% |
3,262,076
-362,210
| -10% | -$12.9M |
|
|
AMTD
12
DELISTED
TD Ameritrade Holding Corp
AMTD
| $107M | 3.43% |
3,158,900
| – | – |
|
13
LPL Financial
LPLA
$28.5B
| $90.1M | 2.88% |
1,715,000
| – | – |
|
|
14
SBA Communications
SBAC
$19.4B
| $88.9M | 2.84% |
+977,600
| New | +$90.6M |
|
|
ESGR
15
DELISTED
Enstar Group
ESGR
| $68M | 2.17% |
498,626
+150
| +0% | +$19.6K |
|
16
Jefferies Financial Group
JEF
$12.1B
| $56M | 1.79% |
2,234,256
| – | – |
|
17
Apple
AAPL
$4.51T
| $48.9M | 1.56% |
2,548,812
| – | – |
|
18
Verisk Analytics
VRSK
$24.4B
| $48M | 1.53% |
800,000
| – | – |
|
|
MWE
19
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $46.2M | 1.48% |
706,965
+2,030
| +0.3% | +$137K |
|
|
20
Equinix
EQIX
$105B
| $39.2M | 1.26% |
212,300
-10,000
| -4% | -$1.84M |
|
|
21
Berkshire Hathaway Class B
BRK.B
$1.06T
| $39M | 1.25% |
312,019
+8,978
| +3% | +$1.05M |
|
|
DTV
22
DELISTED
DIRECTV COM STK (DE)
DTV
| $38.2M | 1.22% |
500,000
| – | – |
|
23
Monro
MNRO
$392M
| $28.4M | 0.91% |
500,000
| – | – |
|
24
Danaher
DHR
$154B
| $22.5M | 0.72% |
446,350
+29,757
| +7% | +$1.51M |
|
|
DHIL
25
DELISTED
Diamond Hill
DHIL
| $19.1M | 0.61% |
145,500
| – | – |
|
Similar funds
Chuck Akre's Q1 2014 Portfolio in Review
As of Q1 2014, Chuck Akre held 42 positions worth $3.13B, up 16% from $2.7B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Chuck Akre deployed $386M of net new capital in Q1 2014, opening 3 new positions and adding to 17 existing holdings. Its largest new stake was SBA Communications: 977,600 shares worth $88.9M.
By sector, the portfolio is most concentrated in Financials at 43% of assets, down from 49% a quarter earlier, followed by Real Estate and Healthcare.
On the sell side, the largest reduction was Ross Stores, an estimated $12.9M trimmed.
- Chuck Akre's largest Q1 2014 buy was SBA Communications: 977,600 shares worth $88.9M.
- Chuck Akre added most to Discovery, Inc. Series C Common Stock in Q1 2014, an estimated $106M increase.
- Chuck Akre's biggest Q1 2014 reduction was Ross Stores, cutting an estimated $12.9M.
- Chuck Akre's ten largest holdings make up 70% of its $3.13B portfolio in Q1 2014.
- Chuck Akre opened 3 new positions and closed 0 in Q1 2014.
- Chuck Akre's portfolio value rose 16% quarter-over-quarter to $3.13B.
Based on AKRE Capital Management's 13F filing for Q1 2014, filed 13 May 2014.