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 |
Brookfield
BN
|
+$27.7M |
| 2 |
KKR & Co
KKR
|
+$3.94M |
| 3 |
DigitalBridge
DBRG
|
+$1.79M |
| 4 |
Mastercard
MA
|
+$1.25M |
| 5 |
American Tower
AMT
|
+$1.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CarMax
KMX
|
+$147M |
| 2 |
Adobe
ADBE
|
+$14.4M |
| 3 |
Alarm.com
ALRM
|
+$13.1M |
| 4 |
O'Reilly Automotive
ORLY
|
+$94.5K |
| 5 |
Dollar Tree
DLTR
|
+$20.7K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 57.88% |
| 2 | Real Estate | 16.89% |
| 3 | Consumer Discretionary | 10.58% |
| 4 | Technology | 10.49% |
| 5 | Healthcare | 3.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mastercard
MA
$509B
| $2.13B | 18.77% |
5,869,459
+3,433
| +0.1% | +$1.25M |
|
2
Moody's
MCO
$87.2B
| $1.75B | 15.36% |
5,703,785
| – | – |
|
|
3
American Tower
AMT
$81.9B
| $1.43B | 12.58% |
6,998,698
+5,271
| +0.1% | +$1.11M |
|
4
Visa
V
$693B
| $1.11B | 9.76% |
4,922,138
| – | – |
|
|
5
O'Reilly Automotive
ORLY
$72.1B
| $1B | 8.83% |
17,732,520
-1,725
| -0% | -$94.5K |
|
|
6
KKR & Co
KKR
$97.4B
| $797M | 7.01% |
15,176,368
+73,450
| +0.5% | +$3.94M |
|
7
Roper Technologies
ROP
$40.7B
| $730M | 6.42% |
1,655,625
| – | – |
|
|
8
Brookfield
BN
$93.1B
| $593M | 5.22% |
27,280,131
+1,230,001
| +5% | +$27.7M |
|
9
CoStar Group
CSGP
$13.1B
| $490M | 4.31% |
7,111,430
| – | – |
|
|
10
Adobe
ADBE
$109B
| $462M | 4.07% |
1,199,081
-40,477
| -3% | -$14.4M |
|
11
Danaher
DHR
$154B
| $451M | 3.97% |
2,017,090
| – | – |
|
|
12
CarMax
KMX
$8.82B
| $199M | 1.75% |
3,098,466
-2,192,556
| -41% | -$147M |
|
13
Brookfield Asset Management
BAM
$83.5B
| $121M | 1.06% |
3,691,684
| – | – |
|
|
14
DigitalBridge
DBRG
$2.95B
| $61.6M | 0.54% |
5,134,535
+142,815
| +3% | +$1.79M |
|
15
Goosehead Insurance
GSHD
$2.58B
| $12.7M | 0.11% |
243,672
| – | – |
|
16
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $10.4M | 0.09% |
100,000
| – | – |
|
17
Berkshire Hathaway Class B
BRK.B
$1.06T
| $5.28M | 0.05% |
17,114
| – | – |
|
|
18
Dollar Tree
DLTR
$25.3B
| $4.35M | 0.04% |
30,296
-143
| -0.5% | -$20.7K |
|
19
Verisk Analytics
VRSK
$24.4B
| $3.64M | 0.03% |
18,976
| – | – |
|
|
20
CALL
Mastercard
MA
$509B
| $3.63M | 0.03% |
10,000
| – | – |
|
|
21
Alarm.com
ALRM
$2.82B
| – | – |
-263,939
| Closed | -$13.1M |
|
Similar funds
Chuck Akre's Q1 2023 Portfolio in Review
As of Q1 2023, Chuck Akre held 21 positions worth $11.4B, up 2.7% from $11.1B the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Trading was light in Q1 2023: portfolio turnover was 4.8%. Chuck Akre opened no new positions and exited 1, leaving the 21-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 58% of assets, up from 55% a quarter earlier, followed by Real Estate and Consumer Discretionary.
- Chuck Akre added most to Brookfield in Q1 2023, an estimated $27.7M increase.
- Chuck Akre's biggest Q1 2023 reduction was CarMax, cutting an estimated $147M.
- Chuck Akre fully exited Alarm.com in Q1 2023, selling an estimated $13.1M.
- Chuck Akre's ten largest holdings make up 92% of its $11.4B portfolio in Q1 2023.
- Chuck Akre opened 0 new positions and closed 1 in Q1 2023.
- Chuck Akre's portfolio value rose 2.7% quarter-over-quarter to $11.4B.
Based on AKRE Capital Management's 13F filing for Q1 2023, filed 12 May 2023.