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 |
Adobe
ADBE
|
+$182M |
| 2 |
CoStar Group
CSGP
|
+$9.32M |
| 3 |
ThredUp
TDUP
|
+$4.84M |
| 4 |
Visa
V
|
+$459K |
| 5 |
KKR & Co
KKR
|
+$330K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Markel Group
MKL
|
+$320M |
| 2 |
O'Reilly Automotive
ORLY
|
+$120M |
| 3 |
Dollar Tree
DLTR
|
+$101M |
| 4 |
Roper Technologies
ROP
|
+$71.3M |
| 5 |
SBA Communications
SBAC
|
+$47.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.85% |
| 2 | Real Estate | 21.21% |
| 3 | Technology | 12.29% |
| 4 | Consumer Discretionary | 11.92% |
| 5 | Communication Services | 3.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Mastercard
MA
$509B
| $2.09B | 14.22% |
5,867,210
-12,995
| -0.2% | -$4.53M |
|
2
Moody's
MCO
$87.2B
| $1.68B | 11.44% |
5,625,845
-6,860
| -0.1% | -$1.93M |
|
3
American Tower
AMT
$81.9B
| $1.68B | 11.42% |
7,016,902
-113,656
| -2% | -$25.3M |
|
|
4
Visa
V
$693B
| $1.11B | 7.56% |
5,244,738
+2,180
| +0% | +$459K |
|
5
CarMax
KMX
$8.82B
| $944M | 6.43% |
7,113,557
-365,685
| -5% | -$44.5M |
|
|
6
CoStar Group
CSGP
$13.1B
| $803M | 5.47% |
9,767,600
+107,990
| +1% | +$9.32M |
|
|
7
O'Reilly Automotive
ORLY
$72.1B
| $802M | 5.46% |
23,727,810
-3,868,350
| -14% | -$120M |
|
|
8
Adobe
ADBE
$109B
| $727M | 4.95% |
1,529,870
+389,870
| +34% | +$182M |
|
|
9
KKR & Co
KKR
$97.4B
| $720M | 4.9% |
14,733,824
+7,376
| +0.1% | +$330K |
|
|
10
Roper Technologies
ROP
$40.7B
| $700M | 4.77% |
1,735,458
-177,549
| -9% | -$71.3M |
|
|
11
SBA Communications
SBAC
$19.4B
| $634M | 4.32% |
2,285,126
-179,874
| -7% | -$47.7M |
|
12
Brookfield
BN
$93.1B
| $580M | 3.95% |
24,365,268
-896
| -0% | -$20K |
|
13
Live Nation Entertainment
LYV
$42.4B
| $463M | 3.15% |
5,469,400
| – | – |
|
14
Verisk Analytics
VRSK
$24.4B
| $432M | 2.94% |
2,447,186
-3,275
| -0.1% | -$600K |
|
|
15
Dollar Tree
DLTR
$25.3B
| $411M | 2.8% |
3,588,186
-938,366
| -21% | -$101M |
|
16
Danaher
DHR
$154B
| $373M | 2.54% |
1,867,178
| – | – |
|
|
ANSS
17
DELISTED
Ansys
ANSS
| $207M | 1.41% |
609,764
| – | – |
|
18
Alarm.com
ALRM
$2.82B
| $171M | 1.16% |
1,978,658
-3,200
| -0.2% | -$302K |
|
19
DigitalBridge
DBRG
$2.95B
| $68.1M | 0.46% |
2,626,200
-50,000
| -2% | -$1.13M |
|
20
Ollie's Bargain Outlet
OLLI
$4.6B
| $43.5M | 0.3% |
500,000
| – | – |
|
21
Goosehead Insurance
GSHD
$2.58B
| $26.1M | 0.18% |
243,366
| – | – |
|
|
22
Markel Group
MKL
$22.2B
| $15.6M | 0.11% |
13,646
-296,954
| -96% | -$320M |
|
|
23
ThredUp
TDUP
$366M
| $4.67M | 0.03% |
+200,000
| New | +$4.84M |
|
24
Berkshire Hathaway Class B
BRK.B
$1.06T
| $4.58M | 0.03% |
17,949
-665
| -4% | -$161K |
|
|
25
Berkshire Hathaway Class A
BRK.A
$1.06T
| – | – |
-3
| Closed | -$1.04M |
|
Similar funds
Chuck Akre's Q1 2021 Portfolio in Review
As of Q1 2021, Chuck Akre held 29 positions worth $14.7B, down 0.75% from $14.8B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Chuck Akre withdrew a net $559M in Q1 2021, closing 5 positions and reducing 14 holdings. Its most notable exit was Descartes Systems, an estimated $12.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 43% of assets, down from 43% a quarter earlier, followed by Real Estate and Technology.
Against the trend, Chuck Akre opened a new position in ThredUp worth $4.67M.
- Chuck Akre's largest Q1 2021 buy was ThredUp: 200,000 shares worth $4.67M.
- Chuck Akre added most to Adobe in Q1 2021, an estimated $182M increase.
- Chuck Akre's biggest Q1 2021 reduction was Markel Group, cutting an estimated $320M.
- Chuck Akre fully exited Descartes Systems in Q1 2021, selling an estimated $12.1M.
- Chuck Akre's ten largest holdings make up 77% of its $14.7B portfolio in Q1 2021.
- Chuck Akre opened 1 new position and closed 5 in Q1 2021.
- Chuck Akre's portfolio value fell 0.75% quarter-over-quarter to $14.7B.
Based on AKRE Capital Management's 13F filing for Q1 2021, filed 13 May 2021.