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 |
Roper Technologies
ROP
|
+$74.4M |
| 2 |
Brookfield
BN
|
+$68.1M |
| 3 |
DigitalBridge
DBRG
|
+$22.3M |
| 4 |
Alarm.com
ALRM
|
+$12.2M |
| 5 |
Goosehead Insurance
GSHD
|
+$4.98M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CarMax
KMX
|
+$67.3M |
| 2 |
Markel Group
MKL
|
+$16.4M |
| 3 |
PRMW
Primo Water Corporation
PRMW
|
+$7.42M |
| 4 |
Live Nation Entertainment
LYV
|
+$6.1M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$5.71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.29% |
| 2 | Real Estate | 23.28% |
| 3 | Technology | 11.53% |
| 4 | Consumer Discretionary | 10.83% |
| 5 | Consumer Staples | 3.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Mastercard
MA
$509B
| $1.99B | 14.02% |
5,881,552
-2,310
| -0% | -$751K |
|
2
American Tower
AMT
$81.9B
| $1.7B | 11.99% |
7,033,369
-4,570
| -0.1% | -$1.16M |
|
3
Moody's
MCO
$87.2B
| $1.63B | 11.51% |
5,634,349
-1,995
| -0% | -$569K |
|
4
Visa
V
$693B
| $1.05B | 7.39% |
5,243,370
| – | – |
|
5
O'Reilly Automotive
ORLY
$72.1B
| $849M | 5.98% |
27,607,620
-20,865
| -0.1% | -$634K |
|
6
CoStar Group
CSGP
$13.1B
| $814M | 5.73% |
9,587,930
+34,400
| +0.4% | +$2.74M |
|
7
SBA Communications
SBAC
$19.4B
| $785M | 5.53% |
2,465,000
| – | – |
|
|
8
Roper Technologies
ROP
$40.7B
| $756M | 5.33% |
1,913,645
+178,891
| +10% | +$74.4M |
|
|
9
CarMax
KMX
$8.82B
| $688M | 4.85% |
7,480,147
-673,879
| -8% | -$67.3M |
|
10
Adobe
ADBE
$109B
| $559M | 3.94% |
1,140,000
| – | – |
|
11
KKR & Co
KKR
$97.4B
| $506M | 3.57% |
14,727,368
+5,511
| +0% | +$193K |
|
|
12
Markel Group
MKL
$22.2B
| $462M | 3.26% |
474,230
-16,158
| -3% | -$16.4M |
|
13
Verisk Analytics
VRSK
$24.4B
| $454M | 3.2% |
2,450,461
+2,413
| +0.1% | +$442K |
|
|
14
Brookfield
BN
$93.1B
| $448M | 3.16% |
25,300,409
+3,809,008
| +18% | +$68.1M |
|
15
Dollar Tree
DLTR
$25.3B
| $414M | 2.92% |
4,528,621
-20,965
| -0.5% | -$1.97M |
|
16
Danaher
DHR
$154B
| $356M | 2.51% |
1,867,178
| – | – |
|
|
17
Live Nation Entertainment
LYV
$42.4B
| $295M | 2.08% |
5,469,400
-118,238
| -2% | -$6.1M |
|
|
ANSS
18
DELISTED
Ansys
ANSS
| $200M | 1.41% |
609,764
| – | – |
|
|
19
Alarm.com
ALRM
$2.82B
| $109M | 0.77% |
1,981,858
+196,988
| +11% | +$12.2M |
|
20
Ollie's Bargain Outlet
OLLI
$4.6B
| $43.7M | 0.31% |
500,000
| – | – |
|
|
21
DigitalBridge
DBRG
$2.95B
| $29.2M | 0.21% |
2,676,200
+2,301,200
| +614% | +$22.3M |
|
|
22
Goosehead Insurance
GSHD
$2.58B
| $21.1M | 0.15% |
243,366
+54,694
| +29% | +$4.98M |
|
23
Descartes Systems
DSGX
$6.7B
| $11.8M | 0.08% |
207,300
| – | – |
|
|
PRMW
24
DELISTED
Primo Water Corporation
PRMW
| $7.99M | 0.06% |
562,599
-526,079
| -48% | -$7.42M |
|
|
25
Berkshire Hathaway Class B
BRK.B
$1.06T
| $3.96M | 0.03% |
18,614
-27,892
| -60% | -$5.71M |
|
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Chuck Akre's Q3 2020 Portfolio in Review
As of Q3 2020, Chuck Akre held 29 positions worth $14.2B, up 6.9% from $13.3B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Chuck Akre's Q3 2020 filing shows 1 new, 8 increased, 10 reduced and 1 closed positions. Its largest new stake was Trade Desk: 4,450 shares worth $231K. The largest sale was CarMax, an estimated $67.3M.
By sector, the portfolio is most concentrated in Financials at 43% of assets, up from 42% a quarter earlier, followed by Real Estate and Technology.
- Chuck Akre's largest Q3 2020 buy was Trade Desk: 4,450 shares worth $231K.
- Chuck Akre added most to Roper Technologies in Q3 2020, an estimated $74.4M increase.
- Chuck Akre's biggest Q3 2020 reduction was CarMax, cutting an estimated $67.3M.
- Chuck Akre fully exited Marriott International in Q3 2020, selling an estimated $643K.
- Chuck Akre's ten largest holdings make up 76% of its $14.2B portfolio in Q3 2020.
- Chuck Akre opened 1 new position and closed 1 in Q3 2020.
- Chuck Akre's portfolio value rose 6.9% quarter-over-quarter to $14.2B.
Based on AKRE Capital Management's 13F filing for Q3 2020, filed 13 Nov 2020.