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 |
American Tower
AMT
|
+$22.6M |
| 2 |
CoStar Group
CSGP
|
+$6.28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Markel Group
MKL
|
+$163M |
| 2 |
Brookfield
BN
|
+$18.7M |
| 3 |
PRMW
Primo Water Corporation
PRMW
|
+$7.85M |
| 4 |
Moody's
MCO
|
+$460K |
| 5 |
Mastercard
MA
|
+$448K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.41% |
| 2 | Real Estate | 21.58% |
| 3 | Technology | 12.39% |
| 4 | Consumer Discretionary | 10.4% |
| 5 | Consumer Staples | 3.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mastercard
MA
$509B
| $2.1B | 14.18% |
5,880,205
-1,347
| -0% | -$448K |
|
|
2
Moody's
MCO
$87.2B
| $1.63B | 11.05% |
5,632,705
-1,644
| -0% | -$460K |
|
|
3
American Tower
AMT
$81.9B
| $1.6B | 10.82% |
7,130,558
+97,189
| +1% | +$22.6M |
|
4
Visa
V
$693B
| $1.15B | 7.75% |
5,242,558
-812
| -0% | -$166K |
|
|
5
CoStar Group
CSGP
$13.1B
| $893M | 6.03% |
9,659,610
+71,680
| +0.7% | +$6.28M |
|
6
O'Reilly Automotive
ORLY
$72.1B
| $833M | 5.63% |
27,596,160
-11,460
| -0% | -$346K |
|
7
Roper Technologies
ROP
$40.7B
| $825M | 5.57% |
1,913,007
-638
| -0% | -$262K |
|
8
CarMax
KMX
$8.82B
| $706M | 4.77% |
7,479,242
-905
| -0% | -$84.9K |
|
9
SBA Communications
SBAC
$19.4B
| $695M | 4.7% |
2,465,000
| – | – |
|
10
KKR & Co
KKR
$97.4B
| $596M | 4.03% |
14,726,448
-920
| -0% | -$34.8K |
|
11
Adobe
ADBE
$109B
| $570M | 3.85% |
1,140,000
| – | – |
|
|
12
Brookfield
BN
$93.1B
| $538M | 3.64% |
24,366,164
-934,245
| -4% | -$18.7M |
|
13
Verisk Analytics
VRSK
$24.4B
| $509M | 3.44% |
2,450,461
| – | – |
|
14
Dollar Tree
DLTR
$25.3B
| $489M | 3.3% |
4,526,552
-2,069
| -0% | -$208K |
|
15
Live Nation Entertainment
LYV
$42.4B
| $402M | 2.72% |
5,469,400
| – | – |
|
16
Danaher
DHR
$154B
| $368M | 2.48% |
1,867,178
| – | – |
|
|
17
Markel Group
MKL
$22.2B
| $321M | 2.17% |
310,600
-163,630
| -35% | -$163M |
|
|
ANSS
18
DELISTED
Ansys
ANSS
| $222M | 1.5% |
609,764
| – | – |
|
19
Alarm.com
ALRM
$2.82B
| $205M | 1.39% |
1,981,858
| – | – |
|
20
DigitalBridge
DBRG
$2.95B
| $51.5M | 0.35% |
2,676,200
| – | – |
|
21
Ollie's Bargain Outlet
OLLI
$4.6B
| $40.9M | 0.28% |
500,000
| – | – |
|
22
Goosehead Insurance
GSHD
$2.58B
| $30.4M | 0.21% |
243,366
| – | – |
|
23
Descartes Systems
DSGX
$6.7B
| $12.1M | 0.08% |
207,300
| – | – |
|
24
Berkshire Hathaway Class B
BRK.B
$1.06T
| $4.32M | 0.03% |
18,614
| – | – |
|
25
Lamar Advertising Co
LAMR
$15.3B
| $4.04M | 0.03% |
48,530
| – | – |
|
Similar funds
Chuck Akre's Q4 2020 Portfolio in Review
As of Q4 2020, Chuck Akre held 28 positions worth $14.8B, up 4.3% from $14.2B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 0%. Chuck Akre opened no new positions and made no exits, leaving the 28-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 43% of assets, up from 43% a quarter earlier, followed by Real Estate and Technology.
- Chuck Akre added most to American Tower in Q4 2020, an estimated $22.6M increase.
- Chuck Akre's biggest Q4 2020 reduction was Markel Group, cutting an estimated $163M.
- Chuck Akre's ten largest holdings make up 75% of its $14.8B portfolio in Q4 2020.
- Chuck Akre opened 0 new positions and closed 0 in Q4 2020.
- Chuck Akre's portfolio value rose 4.3% quarter-over-quarter to $14.8B.
Based on AKRE Capital Management's 13F filing for Q4 2020, filed 10 Feb 2021.