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 |
CoStar Group
CSGP
|
+$146M |
| 2 |
Brookfield
BN
|
+$51.7M |
| 3 |
CarMax
KMX
|
+$43.5M |
| 4 |
ANSS
Ansys
ANSS
|
+$38.7M |
| 5 |
Alarm.com
ALRM
|
+$10.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ESGR
Enstar Group
ESGR
|
+$549K |
| 2 |
Boston Omaha
BOC
|
+$426K |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$231K |
| 4 |
Markel Group
MKL
|
+$229K |
| 5 |
Dollar Tree
DLTR
|
+$108K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 48.27% |
| 2 | Real Estate | 22% |
| 3 | Consumer Discretionary | 13.34% |
| 4 | Technology | 6.13% |
| 5 | Consumer Staples | 4.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
American Tower
AMT
$81.9B
| $1.65B | 15.14% |
7,186,212
-280
| -0% | -$61K |
|
2
Mastercard
MA
$509B
| $1.59B | 14.59% |
5,326,849
-295
| -0% | -$83.2K |
|
3
Moody's
MCO
$87.2B
| $1.35B | 12.37% |
5,681,643
-160
| -0% | -$35.6K |
|
4
Visa
V
$693B
| $918M | 8.42% |
4,887,270
| – | – |
|
5
O'Reilly Automotive
ORLY
$72.1B
| $827M | 7.58% |
28,303,890
-2,220
| -0% | -$63.5K |
|
6
SBA Communications
SBAC
$19.4B
| $594M | 5.45% |
2,465,000
| – | – |
|
|
7
CarMax
KMX
$8.82B
| $592M | 5.42% |
6,747,651
+462,300
| +7% | +$43.5M |
|
|
8
Markel Group
MKL
$22.2B
| $586M | 5.38% |
512,764
-201
| -0% | -$229K |
|
9
Roper Technologies
ROP
$40.7B
| $555M | 5.09% |
1,567,132
-70
| -0% | -$24.2K |
|
|
10
Dollar Tree
DLTR
$25.3B
| $478M | 4.39% |
5,084,880
-1,031
| -0% | -$108K |
|
11
Verisk Analytics
VRSK
$24.4B
| $380M | 3.48% |
2,544,142
-60
| -0% | -$8.89K |
|
12
KKR & Co
KKR
$97.4B
| $372M | 3.41% |
12,754,820
| – | – |
|
|
13
Brookfield
BN
$93.1B
| $361M | 3.31% |
17,517,080
+2,594,700
| +17% | +$51.7M |
|
14
Danaher
DHR
$154B
| $254M | 2.33% |
1,867,178
| – | – |
|
|
15
CoStar Group
CSGP
$13.1B
| $150M | 1.37% |
+2,500,000
| New | +$146M |
|
|
16
Alarm.com
ALRM
$2.82B
| $69.1M | 0.63% |
1,607,502
+239,662
| +18% | +$10.8M |
|
|
17
Berkshire Hathaway Class B
BRK.B
$1.06T
| $64.6M | 0.59% |
285,342
-1,065
| -0.4% | -$231K |
|
|
ANSS
18
DELISTED
Ansys
ANSS
| $42.1M | 0.39% |
+163,740
| New | +$38.7M |
|
|
PRMW
19
DELISTED
Primo Water Corporation
PRMW
| $36.2M | 0.33% |
3,222,200
+165,100
| +5% | +$1.83M |
|
|
20
Berkshire Hathaway Class A
BRK.A
$1.06T
| $14.3M | 0.13% |
42
| – | – |
|
21
Goosehead Insurance
GSHD
$2.58B
| $7.3M | 0.07% |
172,168
+70,678
| +70% | +$3.13M |
|
22
Ollie's Bargain Outlet
OLLI
$4.6B
| $6.95M | 0.06% |
106,437
+6,437
| +6% | +$408K |
|
23
Lamar Advertising Co
LAMR
$15.3B
| $4.33M | 0.04% |
48,530
| – | – |
|
24
Descartes Systems
DSGX
$6.7B
| $2.14M | 0.02% |
50,000
| – | – |
|
25
DigitalBridge
DBRG
$2.95B
| $47K | ﹤0.01% |
2,500
| – | – |
|
Similar funds
Chuck Akre's Q4 2019 Portfolio in Review
As of Q4 2019, Chuck Akre held 27 positions worth $10.9B, up 7.5% from $10.1B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Chuck Akre's Q4 2019 filing shows 2 new, 6 increased, 9 reduced and 2 closed positions. Its largest new stake was CoStar Group: 2,500,000 shares worth $150M. The largest sale was Enstar Group, an estimated $549K.
By sector, the portfolio is most concentrated in Financials at 48% of assets, up from 47% a quarter earlier, followed by Real Estate and Consumer Discretionary.
- Chuck Akre's largest Q4 2019 buy was CoStar Group: 2,500,000 shares worth $150M.
- Chuck Akre added most to Brookfield in Q4 2019, an estimated $51.7M increase.
- Chuck Akre's biggest Q4 2019 reduction was Berkshire Hathaway Class B, cutting an estimated $231K.
- Chuck Akre fully exited Enstar Group in Q4 2019, selling an estimated $549K.
- Chuck Akre's ten largest holdings make up 84% of its $10.9B portfolio in Q4 2019.
- Chuck Akre opened 2 new positions and closed 2 in Q4 2019.
- Chuck Akre's portfolio value rose 7.5% quarter-over-quarter to $10.9B.
Based on AKRE Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.