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 |
Airbnb
ABNB
|
+$222M |
| 2 |
CCC
CCC Intelligent Solutions
CCC
|
+$30.9M |
| 3 |
Brookfield
BN
|
+$22.4M |
| 4 |
CoStar Group
CSGP
|
+$12.4M |
| 5 |
SOPHiA GENETICS
SOPH
|
+$1.29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Moody's
MCO
|
+$398M |
| 2 |
KKR & Co
KKR
|
+$272M |
| 3 |
SBA Communications
SBAC
|
+$98.2M |
| 4 |
CarMax
KMX
|
+$67.1M |
| 5 |
Mastercard
MA
|
+$55.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 58.11% |
| 2 | Real Estate | 17.32% |
| 3 | Consumer Discretionary | 12.44% |
| 4 | Technology | 7.92% |
| 5 | Healthcare | 4.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mastercard
MA
$509B
| $1.94B | 16.11% |
3,920,592
-118,757
| -3% | -$55.2M |
|
|
2
Moody's
MCO
$87.2B
| $1.6B | 13.28% |
3,362,880
-858,224
| -20% | -$398M |
|
|
3
KKR & Co
KKR
$97.4B
| $1.49B | 12.38% |
11,393,836
-2,295,980
| -17% | -$272M |
|
4
American Tower
AMT
$81.9B
| $1.41B | 11.71% |
6,052,532
-81,775
| -1% | -$18.1M |
|
5
O'Reilly Automotive
ORLY
$72.1B
| $1.06B | 8.81% |
13,785,975
-555,210
| -4% | -$40.8M |
|
|
6
Brookfield
BN
$93.1B
| $1.01B | 8.38% |
28,407,647
+708,824
| +3% | +$22.4M |
|
7
Visa
V
$693B
| $900M | 7.49% |
3,271,740
| – | – |
|
8
Roper Technologies
ROP
$40.7B
| $834M | 6.94% |
1,499,429
-44,250
| -3% | -$24.3M |
|
|
9
CoStar Group
CSGP
$13.1B
| $674M | 5.61% |
8,934,093
+163,670
| +2% | +$12.4M |
|
10
Danaher
DHR
$154B
| $494M | 4.11% |
1,775,400
| – | – |
|
|
11
Airbnb
ABNB
$110B
| $336M | 2.8% |
2,649,398
+1,713,522
| +183% | +$222M |
|
|
CCC
12
CCC Intelligent Solutions
CCC
$4.39B
| $118M | 0.98% |
10,681,398
+2,865,676
| +37% | +$30.9M |
|
|
13
CarMax
KMX
$8.82B
| $100M | 0.84% |
1,297,151
-848,358
| -40% | -$67.1M |
|
14
Goosehead Insurance
GSHD
$2.58B
| $32.7M | 0.27% |
366,125
| – | – |
|
15
DigitalBridge
DBRG
$2.95B
| $18.6M | 0.15% |
1,315,076
-2,328,018
| -64% | -$30.9M |
|
|
16
SOPHiA GENETICS
SOPH
$736M
| $8.17M | 0.07% |
2,237,504
+317,072
| +17% | +$1.29M |
|
17
Berkshire Hathaway Class B
BRK.B
$1.06T
| $7.03M | 0.06% |
15,274
-621
| -4% | -$275K |
|
18
Verisk Analytics
VRSK
$24.4B
| $3.32M | 0.03% |
12,378
-3,691
| -23% | -$999K |
|
|
19
SBA Communications
SBAC
$19.4B
| – | – |
-500,000
| Closed | -$98.2M |
|
Similar funds
Chuck Akre's Q3 2024 Portfolio in Review
As of Q3 2024, Chuck Akre held 19 positions worth $12B, up 5.7% from $11.4B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Chuck Akre withdrew a net $716M in Q3 2024, closing 1 position and reducing 10 holdings. Its most notable exit was SBA Communications, an estimated $98.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 58% of assets, down from 59% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, Chuck Akre added an estimated $222M to Airbnb.
- Chuck Akre added most to Airbnb in Q3 2024, an estimated $222M increase.
- Chuck Akre's biggest Q3 2024 reduction was Moody's, cutting an estimated $398M.
- Chuck Akre fully exited SBA Communications in Q3 2024, selling an estimated $98.2M.
- Chuck Akre's ten largest holdings make up 95% of its $12B portfolio in Q3 2024.
- Chuck Akre opened 0 new positions and closed 1 in Q3 2024.
- Chuck Akre's portfolio value rose 5.7% quarter-over-quarter to $12B.
Based on AKRE Capital Management's 13F filing for Q3 2024, filed 13 Nov 2024.