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 |
SBA Communications
SBAC
|
+$40.6M |
| 2 |
American Tower
AMT
|
+$6.87M |
| 3 |
CoStar Group
CSGP
|
+$522K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$319M |
| 2 |
Mastercard
MA
|
+$317M |
| 3 |
Moody's
MCO
|
+$110M |
| 4 |
Danaher
DHR
|
+$48.4M |
| 5 |
O'Reilly Automotive
ORLY
|
+$33.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 61.27% |
| 2 | Real Estate | 18.08% |
| 3 | Consumer Discretionary | 9.91% |
| 4 | Technology | 7.21% |
| 5 | Healthcare | 3.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mastercard
MA
$509B
| $2.16B | 18.17% |
5,061,834
-788,927
| -13% | -$317M |
|
|
2
Moody's
MCO
$87.2B
| $1.87B | 15.7% |
4,776,940
-317,706
| -6% | -$110M |
|
|
3
American Tower
AMT
$81.9B
| $1.47B | 12.36% |
6,804,599
+36,375
| +0.5% | +$6.87M |
|
4
KKR & Co
KKR
$97.4B
| $1.38B | 11.61% |
16,648,219
-262,388
| -2% | -$17.8M |
|
|
5
O'Reilly Automotive
ORLY
$72.1B
| $969M | 8.15% |
15,297,960
-534,135
| -3% | -$33.8M |
|
|
6
Visa
V
$693B
| $914M | 7.69% |
3,508,740
-1,292,214
| -27% | -$319M |
|
7
Roper Technologies
ROP
$40.7B
| $857M | 7.21% |
1,572,692
-2,067
| -0.1% | -$1.06M |
|
8
Brookfield
BN
$93.1B
| $724M | 6.09% |
27,080,237
-136,740
| -0.5% | -$3.1M |
|
|
9
CoStar Group
CSGP
$13.1B
| $634M | 5.34% |
7,255,669
+6,443
| +0.1% | +$522K |
|
|
10
Danaher
DHR
$154B
| $411M | 3.46% |
1,775,400
-227,251
| -11% | -$48.4M |
|
11
CarMax
KMX
$8.82B
| $209M | 1.76% |
2,726,695
-6,767
| -0.2% | -$455K |
|
12
Brookfield Asset Management
BAM
$83.5B
| $139M | 1.17% |
3,455,966
-7,906
| -0.2% | -$267K |
|
13
DigitalBridge
DBRG
$2.95B
| $77.2M | 0.65% |
4,402,220
-45,410
| -1% | -$747K |
|
|
14
SBA Communications
SBAC
$19.4B
| $45.8M | 0.39% |
+180,629
| New | +$40.6M |
|
15
Goosehead Insurance
GSHD
$2.58B
| $18.5M | 0.16% |
243,672
| – | – |
|
16
Berkshire Hathaway Class B
BRK.B
$1.06T
| $5.91M | 0.05% |
16,560
-550
| -3% | -$193K |
|
17
Verisk Analytics
VRSK
$24.4B
| $4.14M | 0.03% |
17,325
-1,310
| -7% | -$310K |
|
18
Dollar Tree
DLTR
$25.3B
| $3.09M | 0.03% |
21,771
-7,145
| -25% | -$846K |
|
|
19
CALL
Mastercard
MA
$509B
| – | – |
-10,000
| Closed | -$623M |
|
Similar funds
Chuck Akre's Q4 2023 Portfolio in Review
As of Q4 2023, Chuck Akre held 19 positions worth $11.9B, up 3.2% from $11.5B the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Chuck Akre withdrew a net $1.43B in Q4 2023, closing 1 position and reducing 14 holdings. Its largest reduction was Visa, cutting an estimated $319M.
By sector, the portfolio is most concentrated in Financials at 61% of assets, up from 60% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, Chuck Akre opened a new position in SBA Communications worth $45.8M.
- Chuck Akre's largest Q4 2023 buy was SBA Communications: 180,629 shares worth $45.8M.
- Chuck Akre added most to American Tower in Q4 2023, an estimated $6.87M increase.
- Chuck Akre's biggest Q4 2023 reduction was Visa, cutting an estimated $319M.
- Chuck Akre's ten largest holdings make up 96% of its $11.9B portfolio in Q4 2023.
- Chuck Akre opened 1 new position and closed 1 in Q4 2023.
- Chuck Akre's portfolio value rose 3.2% quarter-over-quarter to $11.9B.
Based on AKRE Capital Management's 13F filing for Q4 2023, filed 9 Feb 2024.