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 |
Moody's
MCO
|
+$109M |
| 2 |
Visa
V
|
+$109M |
| 3 |
Mastercard
MA
|
+$68.8M |
| 4 |
Monro
MNRO
|
+$4.25M |
| 5 |
Dollar Tree
DLTR
|
+$707K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Duluth Holdings
DLTH
|
+$8.93M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$2.51M |
| 3 |
AIG.WS
American International Group, Inc.
AIG.WS
|
+$2.48M |
| 4 |
CSX Corp
CSX
|
+$1.55M |
| 5 |
Walt Disney
DIS
|
+$406K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.87% |
| 2 | Real Estate | 18.32% |
| 3 | Consumer Discretionary | 12.13% |
| 4 | Technology | 8.46% |
| 5 | Consumer Staples | 7.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
American Tower
AMT
$81.9B
| $814M | 13.38% |
6,699,098
-2,392
| -0% | -$263K |
|
|
2
Moody's
MCO
$87.2B
| $636M | 10.46% |
5,679,831
+1,019,167
| +22% | +$109M |
|
|
3
Mastercard
MA
$509B
| $599M | 9.85% |
5,329,183
+627,792
| +13% | +$68.8M |
|
4
Markel Group
MKL
$22.2B
| $502M | 8.24% |
513,914
-25
| -0% | -$23.6K |
|
|
5
Visa
V
$693B
| $434M | 7.14% |
4,889,020
+1,267,080
| +35% | +$109M |
|
|
6
Dollar Tree
DLTR
$25.3B
| $329M | 5.41% |
4,195,913
+9,198
| +0.2% | +$707K |
|
7
Roper Technologies
ROP
$40.7B
| $323M | 5.3% |
1,562,410
+2,868
| +0.2% | +$575K |
|
8
CarMax
KMX
$8.82B
| $305M | 5.02% |
5,157,481
| – | – |
|
9
SBA Communications
SBAC
$19.4B
| $297M | 4.88% |
2,465,000
| – | – |
|
|
ESGR
10
DELISTED
Enstar Group
ESGR
| $277M | 4.55% |
1,446,269
-1,491
| -0.1% | -$288K |
|
11
O'Reilly Automotive
ORLY
$72.1B
| $223M | 3.66% |
12,375,135
+17,040
| +0.1% | +$308K |
|
12
Verisk Analytics
VRSK
$24.4B
| $210M | 3.46% |
2,590,486
+5,893
| +0.2% | +$484K |
|
13
Enovis
ENOV
$1.5B
| $184M | 3.03% |
2,729,131
-1,569
| -0.1% | -$105K |
|
14
Danaher
DHR
$154B
| $142M | 2.33% |
1,867,178
| – | – |
|
15
Ubiquiti
UI
$33.8B
| $135M | 2.21% |
2,680,000
| – | – |
|
|
AMTD
16
DELISTED
TD Ameritrade Holding Corp
AMTD
| $115M | 1.9% |
2,967,500
| – | – |
|
17
Dollar General
DG
$27.2B
| $105M | 1.72% |
1,500,000
| – | – |
|
18
LKQ Corp
LKQ
$6.52B
| $104M | 1.71% |
3,550,000
| – | – |
|
|
19
Monro
MNRO
$392M
| $83.2M | 1.37% |
1,597,630
+75,000
| +5% | +$4.25M |
|
|
20
Berkshire Hathaway Class B
BRK.B
$1.06T
| $64M | 1.05% |
384,249
+360
| +0.1% | +$60.2K |
|
|
AMT.PRB
21
DELISTED
American Tower Corporation
AMT.PRB
| $57.5M | 0.95% |
514,748
| – | – |
|
22
Fortive
FTV
$18.1B
| $45.2M | 0.74% |
1,189,324
| – | – |
|
|
DHIL
23
DELISTED
Diamond Hill
DHIL
| $28.3M | 0.47% |
145,500
| – | – |
|
|
PRMW
24
DELISTED
Primo Water Corporation
PRMW
| $22.8M | 0.37% |
1,679,313
| – | – |
|
25
Alarm.com
ALRM
$2.82B
| $12.3M | 0.2% |
400,000
| – | – |
|
Similar funds
Chuck Akre's Q1 2017 Portfolio in Review
As of Q1 2017, Chuck Akre held 34 positions worth $6.08B, up 12% from $5.45B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Chuck Akre deployed $277M of net new capital in Q1 2017, adding to 9 existing holdings.
By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 40% a quarter earlier, followed by Real Estate and Consumer Discretionary.
On the sell side, the largest reduction was Berkshire Hathaway Class A, an estimated $2.51M trimmed.
- Chuck Akre added most to Moody's in Q1 2017, an estimated $109M increase.
- Chuck Akre's biggest Q1 2017 reduction was Berkshire Hathaway Class A, cutting an estimated $2.51M.
- Chuck Akre fully exited Duluth Holdings in Q1 2017, selling an estimated $8.93M.
- Chuck Akre's ten largest holdings make up 74% of its $6.08B portfolio in Q1 2017.
- Chuck Akre opened 0 new positions and closed 3 in Q1 2017.
- Chuck Akre's portfolio value rose 12% quarter-over-quarter to $6.08B.
Based on AKRE Capital Management's 13F filing for Q1 2017, filed 15 May 2017.