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 |
O'Reilly Automotive
ORLY
|
+$90.1M |
| 2 |
Dollar Tree
DLTR
|
+$50M |
| 3 |
American Tower
AMT
|
+$14.3M |
| 4 |
Boston Omaha
BOC
|
+$4.67M |
| 5 |
Moody's
MCO
|
+$2.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enovis
ENOV
|
+$184M |
| 2 |
Dollar General
DG
|
+$105M |
| 3 |
Fortive
FTV
|
+$45.2M |
| 4 |
AMT.PRA
American Tower Corporation
AMT.PRA
|
+$11.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 46% |
| 2 | Real Estate | 20.11% |
| 3 | Consumer Discretionary | 12.89% |
| 4 | Technology | 8.41% |
| 5 | Consumer Staples | 5.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
American Tower
AMT
$81.9B
| $901M | 14.65% |
6,810,903
+111,805
| +2% | +$14.3M |
|
|
2
Moody's
MCO
$87.2B
| $694M | 11.27% |
5,699,676
+19,845
| +0.3% | +$2.32M |
|
3
Mastercard
MA
$509B
| $649M | 10.55% |
5,345,399
+16,216
| +0.3% | +$1.92M |
|
4
Markel Group
MKL
$22.2B
| $504M | 8.19% |
516,113
+2,199
| +0.4% | +$2.13M |
|
5
Visa
V
$693B
| $458M | 7.45% |
4,889,020
| – | – |
|
6
Roper Technologies
ROP
$40.7B
| $363M | 5.9% |
1,567,365
+4,955
| +0.3% | +$1.1M |
|
|
7
Dollar Tree
DLTR
$25.3B
| $339M | 5.51% |
4,844,272
+648,359
| +15% | +$50M |
|
8
SBA Communications
SBAC
$19.4B
| $333M | 5.41% |
2,465,000
| – | – |
|
9
CarMax
KMX
$8.82B
| $326M | 5.3% |
5,170,601
+13,120
| +0.3% | +$793K |
|
|
ESGR
10
DELISTED
Enstar Group
ESGR
| $289M | 4.71% |
1,457,264
+10,995
| +0.8% | +$2.1M |
|
|
11
O'Reilly Automotive
ORLY
$72.1B
| $261M | 4.24% |
17,895,390
+5,520,255
| +45% | +$90.1M |
|
12
Verisk Analytics
VRSK
$24.4B
| $220M | 3.57% |
2,604,982
+14,496
| +0.6% | +$1.17M |
|
13
Danaher
DHR
$154B
| $140M | 2.27% |
1,867,178
| – | – |
|
14
Ubiquiti
UI
$33.8B
| $139M | 2.26% |
2,680,000
| – | – |
|
|
AMTD
15
DELISTED
TD Ameritrade Holding Corp
AMTD
| $128M | 2.07% |
2,967,500
| – | – |
|
16
LKQ Corp
LKQ
$6.52B
| $117M | 1.9% |
3,550,000
| – | – |
|
17
Monro
MNRO
$392M
| $67.7M | 1.1% |
1,622,700
+25,070
| +2% | +$1.25M |
|
18
Berkshire Hathaway Class B
BRK.B
$1.06T
| $66.2M | 1.08% |
390,974
+6,725
| +2% | +$1.12M |
|
|
AMT.PRB
19
DELISTED
American Tower Corporation
AMT.PRB
| $62.4M | 1.01% |
514,748
| – | – |
|
|
DHIL
20
DELISTED
Diamond Hill
DHIL
| $29M | 0.47% |
145,500
| – | – |
|
|
PRMW
21
DELISTED
Primo Water Corporation
PRMW
| $21.3M | 0.35% |
1,679,313
| – | – |
|
22
Alarm.com
ALRM
$2.82B
| $15.1M | 0.24% |
400,000
| – | – |
|
|
23
Berkshire Hathaway Class A
BRK.A
$1.06T
| $10.7M | 0.17% |
42
| – | – |
|
|
BAC.WS.A
24
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $8.82M | 0.14% |
732,890
| – | – |
|
|
25
Boston Omaha
BOC
$426M
| $4.62M | 0.08% |
+350,000
| New | +$4.67M |
|
Similar funds
Chuck Akre's Q2 2017 Portfolio in Review
As of Q2 2017, Chuck Akre held 32 positions worth $6.15B, up 1.1% from $6.08B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Chuck Akre's Q2 2017 filing shows 1 new, 12 increased and 4 closed positions. Its largest new stake was Boston Omaha: 350,000 shares worth $4.62M. The largest sale was Enovis, an estimated $184M.
By sector, the portfolio is most concentrated in Financials at 46% of assets, up from 44% a quarter earlier, followed by Real Estate and Consumer Discretionary.
- Chuck Akre's largest Q2 2017 buy was Boston Omaha: 350,000 shares worth $4.62M.
- Chuck Akre added most to O'Reilly Automotive in Q2 2017, an estimated $90.1M increase.
- Chuck Akre fully exited Enovis in Q2 2017, selling an estimated $184M.
- Chuck Akre's ten largest holdings make up 79% of its $6.15B portfolio in Q2 2017.
- Chuck Akre opened 1 new position and closed 4 in Q2 2017.
- Chuck Akre's portfolio value rose 1.1% quarter-over-quarter to $6.15B.
Based on AKRE Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.