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 |
CarMax
KMX
|
+$25.4M |
| 2 |
Mastercard
MA
|
+$960K |
| 3 |
Moody's
MCO
|
+$409K |
| 4 |
O'Reilly Automotive
ORLY
|
+$373K |
| 5 |
American Tower
AMT
|
+$358K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SBA Communications
SBAC
|
+$134M |
| 2 |
Dollar Tree
DLTR
|
+$113M |
| 3 |
Ollie's Bargain Outlet
OLLI
|
+$30.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 41.62% |
| 2 | Real Estate | 19.1% |
| 3 | Technology | 15.68% |
| 4 | Consumer Discretionary | 11.52% |
| 5 | Industrials | 3.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Moody's
MCO
$87.2B
| $2.2B | 12.25% |
5,621,097
+1,061
| +0% | +$409K |
|
|
2
Mastercard
MA
$509B
| $2.11B | 11.75% |
5,861,191
+2,775
| +0% | +$960K |
|
|
3
American Tower
AMT
$81.9B
| $2.05B | 11.44% |
7,009,097
+1,310
| +0% | +$358K |
|
4
Visa
V
$693B
| $1.14B | 6.34% |
5,244,738
| – | – |
|
|
5
O'Reilly Automotive
ORLY
$72.1B
| $1.12B | 6.22% |
23,689,215
+8,610
| +0% | +$373K |
|
6
KKR & Co
KKR
$97.4B
| $1.1B | 6.12% |
14,730,660
+632
| +0% | +$46.6K |
|
|
7
CarMax
KMX
$8.82B
| $949M | 5.3% |
7,290,172
+181,090
| +3% | +$25.4M |
|
8
Adobe
ADBE
$109B
| $868M | 4.84% |
1,530,090
+105
| +0% | +$65.6K |
|
9
Roper Technologies
ROP
$40.7B
| $818M | 4.56% |
1,663,070
+485
| +0% | +$231K |
|
10
Brookfield
BN
$93.1B
| $793M | 4.42% |
24,358,965
+1,319
| +0% | +$41.7K |
|
11
CoStar Group
CSGP
$13.1B
| $772M | 4.31% |
9,764,350
+1,350
| +0% | +$113K |
|
12
Salesforce
CRM
$171B
| $712M | 3.97% |
2,800,000
| – | – |
|
|
13
SBA Communications
SBAC
$19.4B
| $602M | 3.36% |
1,547,180
-383,010
| -20% | -$134M |
|
14
Verisk Analytics
VRSK
$24.4B
| $559M | 3.12% |
2,445,001
+746
| +0% | +$163K |
|
15
Danaher
DHR
$154B
| $545M | 3.04% |
1,867,178
| – | – |
|
|
16
CALL
American Tower
AMT
$81.9B
| $415M | 2.31% |
6,500
| – | – |
|
|
17
Dollar Tree
DLTR
$25.3B
| $373M | 2.08% |
2,652,191
-929,482
| -26% | -$113M |
|
|
18
CALL
Mastercard
MA
$509B
| $272M | 1.52% |
10,000
| – | – |
|
|
ANSS
19
DELISTED
Ansys
ANSS
| $245M | 1.36% |
609,764
| – | – |
|
20
Alarm.com
ALRM
$2.82B
| $168M | 0.94% |
1,978,658
| – | – |
|
21
DigitalBridge
DBRG
$2.95B
| $87.5M | 0.49% |
2,626,200
| – | – |
|
22
Goosehead Insurance
GSHD
$2.58B
| $38.2M | 0.21% |
293,366
| – | – |
|
23
Berkshire Hathaway Class B
BRK.B
$1.06T
| $5.23M | 0.03% |
17,504
| – | – |
|
24
ThredUp
TDUP
$366M
| $287K | ﹤0.01% |
22,500
| – | – |
|
|
25
Ollie's Bargain Outlet
OLLI
$4.6B
| – | – |
-500,000
| Closed | -$30.1M |
|
Similar funds
Chuck Akre's Q4 2021 Portfolio in Review
As of Q4 2021, Chuck Akre held 25 positions worth $17.9B, up 10% from $16.2B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Trading was light in Q4 2021: portfolio turnover was 4%. Chuck Akre opened no new positions and exited 1, leaving the 25-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 43% a quarter earlier, followed by Real Estate and Technology.
- Chuck Akre added most to CarMax in Q4 2021, an estimated $25.4M increase.
- Chuck Akre's biggest Q4 2021 reduction was SBA Communications, cutting an estimated $134M.
- Chuck Akre fully exited Ollie's Bargain Outlet in Q4 2021, selling an estimated $30.1M.
- Chuck Akre's ten largest holdings make up 73% of its $17.9B portfolio in Q4 2021.
- Chuck Akre opened 0 new positions and closed 1 in Q4 2021.
- Chuck Akre's portfolio value rose 10% quarter-over-quarter to $17.9B.
Based on AKRE Capital Management's 13F filing for Q4 2021, filed 11 Feb 2022.