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
|
+$334M |
| 2 |
ANSS
Ansys
ANSS
|
+$37.6M |
| 3 |
Mastercard
MA
|
+$27.5M |
| 4 |
Brookfield
BN
|
+$23.4M |
| 5 |
KKR & Co
KKR
|
+$14.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Markel Group
MKL
|
+$6.37M |
| 2 |
PRMW
Primo Water Corporation
PRMW
|
+$5.52M |
| 3 |
CarMax
KMX
|
+$2.85M |
| 4 |
American Tower
AMT
|
+$913K |
| 5 |
Moody's
MCO
|
+$507K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.29% |
| 2 | Real Estate | 24.38% |
| 3 | Consumer Discretionary | 11.36% |
| 4 | Technology | 11.11% |
| 5 | Consumer Staples | 3.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
American Tower
AMT
$81.9B
| $1.82B | 13.71% |
7,037,939
-3,690
| -0.1% | -$913K |
|
|
2
Mastercard
MA
$509B
| $1.74B | 13.11% |
5,883,862
+97,575
| +2% | +$27.5M |
|
|
3
Moody's
MCO
$87.2B
| $1.55B | 11.67% |
5,636,344
-1,997
| -0% | -$507K |
|
4
Visa
V
$693B
| $1.01B | 7.63% |
5,243,370
| – | – |
|
5
O'Reilly Automotive
ORLY
$72.1B
| $777M | 5.85% |
27,628,485
-16,125
| -0.1% | -$421K |
|
6
SBA Communications
SBAC
$19.4B
| $734M | 5.53% |
2,465,000
| – | – |
|
|
7
CarMax
KMX
$8.82B
| $730M | 5.5% |
8,154,026
-36,345
| -0.4% | -$2.85M |
|
|
8
CoStar Group
CSGP
$13.1B
| $679M | 5.11% |
9,553,530
+5,170,410
| +118% | +$334M |
|
9
Roper Technologies
ROP
$40.7B
| $674M | 5.07% |
1,734,754
+29,644
| +2% | +$10.6M |
|
10
Adobe
ADBE
$109B
| $496M | 3.74% |
1,140,000
| – | – |
|
|
11
KKR & Co
KKR
$97.4B
| $455M | 3.42% |
14,721,857
+534,321
| +4% | +$14.4M |
|
|
12
Markel Group
MKL
$22.2B
| $453M | 3.41% |
490,388
-7,003
| -1% | -$6.37M |
|
13
Dollar Tree
DLTR
$25.3B
| $422M | 3.18% |
4,549,586
-2,644
| -0.1% | -$221K |
|
14
Verisk Analytics
VRSK
$24.4B
| $417M | 3.14% |
2,448,048
-999
| -0% | -$158K |
|
|
15
Brookfield
BN
$93.1B
| $378M | 2.85% |
21,491,401
+1,328,542
| +7% | +$23.4M |
|
16
Danaher
DHR
$154B
| $293M | 2.21% |
1,867,178
| – | – |
|
17
Live Nation Entertainment
LYV
$42.4B
| $248M | 1.87% |
5,587,638
+106,400
| +2% | +$4.66M |
|
|
ANSS
18
DELISTED
Ansys
ANSS
| $178M | 1.34% |
609,764
+141,108
| +30% | +$37.6M |
|
19
Alarm.com
ALRM
$2.82B
| $116M | 0.87% |
1,784,870
+13,400
| +0.8% | +$674K |
|
20
Ollie's Bargain Outlet
OLLI
$4.6B
| $48.8M | 0.37% |
500,000
| – | – |
|
|
PRMW
21
DELISTED
Primo Water Corporation
PRMW
| $15M | 0.11% |
1,088,678
-492,200
| -31% | -$5.52M |
|
22
Goosehead Insurance
GSHD
$2.58B
| $14.2M | 0.11% |
188,672
+16,504
| +10% | +$956K |
|
23
Descartes Systems
DSGX
$6.7B
| $11M | 0.08% |
207,300
| – | – |
|
24
Berkshire Hathaway Class B
BRK.B
$1.06T
| $8.3M | 0.06% |
46,506
-710
| -2% | -$130K |
|
25
DigitalBridge
DBRG
$2.95B
| $3.6M | 0.03% |
375,000
+404
| +0.1% | +$3.5K |
|
Similar funds
Chuck Akre's Q2 2020 Portfolio in Review
As of Q2 2020, Chuck Akre held 28 positions worth $13.3B, up 29% from $10.3B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Chuck Akre deployed $437M of net new capital in Q2 2020, adding to 10 existing holdings.
By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 44% a quarter earlier, followed by Real Estate and Consumer Discretionary.
On the sell side, the largest reduction was Markel Group, an estimated $6.37M trimmed.
- Chuck Akre added most to CoStar Group in Q2 2020, an estimated $334M increase.
- Chuck Akre's biggest Q2 2020 reduction was Markel Group, cutting an estimated $6.37M.
- Chuck Akre's ten largest holdings make up 77% of its $13.3B portfolio in Q2 2020.
- Chuck Akre opened 0 new positions and closed 0 in Q2 2020.
- Chuck Akre's portfolio value rose 29% quarter-over-quarter to $13.3B.
Based on AKRE Capital Management's 13F filing for Q2 2020, filed 11 Aug 2020.