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 |
DigitalBridge
DBRG
|
+$10.1M |
| 2 |
Mastercard
MA
|
+$9.28M |
| 3 |
Salesforce
CRM
|
+$4.32M |
| 4 |
KKR & Co
KKR
|
+$3.89M |
| 5 |
Brookfield
BN
|
+$2.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$69.9M |
| 2 |
Goosehead Insurance
GSHD
|
+$5.44M |
| 3 |
ThredUp
TDUP
|
+$56K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 46.54% |
| 2 | Real Estate | 17.58% |
| 3 | Technology | 14.87% |
| 4 | Consumer Discretionary | 13.41% |
| 5 | Healthcare | 3.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mastercard
MA
$509B
| $1.68B | 14.78% |
5,891,226
+27,985
| +0.5% | +$9.28M |
|
2
American Tower
AMT
$81.9B
| $1.5B | 13.21% |
6,973,187
| – | – |
|
3
Moody's
MCO
$87.2B
| $1.39B | 12.23% |
5,703,785
+280
| +0% | +$81.3K |
|
|
4
O'Reilly Automotive
ORLY
$72.1B
| $1.04B | 9.13% |
22,073,190
-1,500,000
| -6% | -$69.9M |
|
5
Visa
V
$693B
| $932M | 8.22% |
5,244,738
| – | – |
|
|
6
KKR & Co
KKR
$97.4B
| $664M | 5.86% |
15,452,918
+77,006
| +0.5% | +$3.89M |
|
7
Roper Technologies
ROP
$40.7B
| $595M | 5.25% |
1,655,660
| – | – |
|
|
8
Brookfield
BN
$93.1B
| $547M | 4.82% |
24,802,010
+105,763
| +0.4% | +$2.74M |
|
9
CoStar Group
CSGP
$13.1B
| $495M | 4.37% |
7,111,430
| – | – |
|
10
CarMax
KMX
$8.82B
| $485M | 4.28% |
7,353,022
+4,830
| +0.1% | +$441K |
|
11
Adobe
ADBE
$109B
| $458M | 4.04% |
1,665,895
+5,500
| +0.3% | +$2.08M |
|
|
12
Salesforce
CRM
$171B
| $445M | 3.93% |
3,095,500
+25,500
| +0.8% | +$4.32M |
|
13
Danaher
DHR
$154B
| $428M | 3.77% |
1,867,178
| – | – |
|
14
Verisk Analytics
VRSK
$24.4B
| $417M | 3.68% |
2,444,286
| – | – |
|
15
Snowflake
SNOW
$115B
| $170M | 1.5% |
1,000,000
| – | – |
|
|
16
DigitalBridge
DBRG
$2.95B
| $57.8M | 0.51% |
4,623,651
+526,103
| +13% | +$10.1M |
|
17
Alarm.com
ALRM
$2.82B
| $17.1M | 0.15% |
263,939
| – | – |
|
18
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $9.62M | 0.08% |
100,000
| – | – |
|
|
19
Goosehead Insurance
GSHD
$2.58B
| $8.68M | 0.08% |
243,672
-104,694
| -30% | -$5.44M |
|
20
Berkshire Hathaway Class B
BRK.B
$1.06T
| $4.57M | 0.04% |
17,114
| – | – |
|
21
Dollar Tree
DLTR
$25.3B
| $4.48M | 0.04% |
32,912
| – | – |
|
|
22
CALL
Mastercard
MA
$509B
| $2.84M | 0.03% |
10,000
| – | – |
|
|
23
ThredUp
TDUP
$366M
| – | – |
-22,500
| Closed | -$56K |
|
Similar funds
Chuck Akre's Q3 2022 Portfolio in Review
As of Q3 2022, Chuck Akre held 23 positions worth $11.3B, down 9.3% from $12.5B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 4.3%. Chuck Akre opened no new positions and exited 1, leaving the 23-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 47% of assets, down from 47% a quarter earlier, followed by Real Estate and Technology.
- Chuck Akre added most to DigitalBridge in Q3 2022, an estimated $10.1M increase.
- Chuck Akre's biggest Q3 2022 reduction was O'Reilly Automotive, cutting an estimated $69.9M.
- Chuck Akre fully exited ThredUp in Q3 2022, selling an estimated $56K.
- Chuck Akre's ten largest holdings make up 82% of its $11.3B portfolio in Q3 2022.
- Chuck Akre opened 0 new positions and closed 1 in Q3 2022.
- Chuck Akre's portfolio value fell 9.3% quarter-over-quarter to $11.3B.
Based on AKRE Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.