AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q3 2013 (← Previous) (Next →)

Filing Date: Nov 13, 2013

Total Value ($000): $2,343,412 (100.0% shares, 0.0% debt)

Holdings (35)

MA MASTERCARD INC 11.4%

Value ($000) $266,813 Shares 396,583 Est. Cost $51.54 Unrealized +13.1%

MCO MOODYS CORP 10.4%

Value ($000) $244,855 Shares 3,481,520 Est. Cost $53.10 Unrealized +8.5%

— COLFAX CORP 9.4%

Value ($000) $221,050 Shares 3,913,075 Est. Cost $52.11 Unrealized —

AMT AMERICAN TOWER CORP NEW 8.9%

Value ($000) $209,694 Shares 2,828,736 Est. Cost $57.78 Unrealized -6.2%

MKL MARKEL CORP 7.7%

Value ($000) $180,683 Shares 348,963 Est. Cost $524.12 Unrealized +0.2%

DLTR DOLLAR TREE INC 5.9%

Value ($000) $138,543 Shares 2,423,768 Est. Cost $48.73 Unrealized +10.8%

ROST ROSS STORES INC 4.8%

Value ($000) $111,618 Shares 1,533,218 Est. Cost $28.26 Unrealized +6.9%

ORLY O REILLY AUTOMOTIVE INC NEW 4.5%

Value ($000) $104,820 Shares 821,538 Est. Cost $7.19 Unrealized +13.6%

— DIRECTV 4.3%

Value ($000) $101,626 Shares 1,700,000 Est. Cost $61.64 Unrealized —

V VISA INC 4.1%

Value ($000) $96,014 Shares 502,430 Est. Cost $40.02 Unrealized +5.8%

— TD AMERITRADE HLDG CORP 3.5%

Value ($000) $82,700 Shares 3,158,900 Est. Cost $24.29 Unrealized —

— ENSTAR GROUP LIMITED 2.9%

Value ($000) $68,092 Shares 498,476 Est. Cost $132.98 Unrealized —

LPLA LPL FINL HLDGS INC 2.8%

Value ($000) $65,127 Shares 1,700,000 Est. Cost $35.76 Unrealized +7.0%

LYV LIVE NATION ENTERTAINMENT IN 2.6%

Value ($000) $60,287 Shares 3,250,000 Est. Cost $13.58 Unrealized +25.2%

— LEUCADIA NATL CORP 2.3%

Value ($000) $54,480 Shares 2,000,000 Est. Cost $26.22 Unrealized —

VRSK VERISK ANALYTICS INC 2.2%

Value ($000) $51,968 Shares 800,000 Est. Cost $57.10 Unrealized +5.6%

AAPL APPLE INC 1.9%

Value ($000) $43,386 Shares 91,004 Est. Cost $13.16 Unrealized +8.5%

— NUSTAR ENERGY LP 1.7%

Value ($000) $40,849 Shares 1,018,427 Est. Cost $45.65 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.5%

Value ($000) $34,394 Shares 303,001 Est. Cost $110.02 Unrealized +4.9%

— DISCOVERY COMMUNICATNS NEW 1.3%

Value ($000) $31,248 Shares 400,000 Est. Cost $69.62 Unrealized —

MNRO MONRO MUFFLER BRAKE INC 1.0%

Value ($000) $23,215 Shares 500,000 Est. Cost $44.03 Unrealized +3.6%

— EQUINIX INC 1.0%

Value ($000) $22,497 Shares 122,500 Est. Cost $183.65 Unrealized —

— MARKWEST ENERGY PARTNERS L P 0.9%

Value ($000) $22,025 Shares 304,935 Est. Cost $69.89 Unrealized —

DHIL DIAMOND HILL INVESTMENT GROU 0.7%

Value ($000) $15,561 Shares 145,500 Est. Cost $41.91 Unrealized +32.5%

FDS FACTSET RESH SYS INC 0.6%

Value ($000) $14,183 Shares 130,000 Est. Cost $83.78 Unrealized +12.9%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.4%

Value ($000) $10,054 Shares 59 Est. Cost $165023.42 Unrealized +4.8%

HIG HARTFORD FINL SVCS GROUP INC 0.4%

Value ($000) $9,952 Shares 319,803 Est. Cost $22.20 Unrealized +8.7%

— ANSYS INC 0.2%

Value ($000) $4,326 Shares 50,000 Est. Cost $73.10 Unrealized —

— BANK OF AMERICA CORPORATION 0.2%

Value ($000) $4,263 Shares 700,000 Est. Cost $5.46 Unrealized —

— PRIMO WTR CORP 0.2%

Value ($000) $3,808 Shares 1,600,000 Est. Cost $1.82 Unrealized —

TDG TRANSDIGM GROUP INC 0.1%

Value ($000) $1,387 Shares 10,000 Est. Cost $70.58 Unrealized +8.1%

CSX CSX CORP 0.1%

Value ($000) $1,314 Shares 51,061 Est. Cost $6.66 Unrealized +3.0%

— NUSTAR GP HOLDINGS LLC 0.1%

Value ($000) $1,299 Shares 57,907 Est. Cost $26.73 Unrealized —

WMB WILLIAMS COS INC DEL 0.0%

Value ($000) $713 Shares 19,610 Est. Cost $17.72 Unrealized 0.0%

— ANNALY CAP MGMT INC 0.0%

Value ($000) $568 Shares 49,084 Est. Cost $12.25 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MA	MASTERCARD INC	396,583	$266,813	11.4%	$51.54	+13.1%	CL A	57636Q104
MCO	MOODYS CORP	3,481,520	$244,855	10.4%	$53.10	+8.5%	COM	615369105
—	COLFAX CORP	3,913,075	$221,050	9.4%	$52.11	—	COM	194014106
AMT	AMERICAN TOWER CORP NEW	2,828,736	$209,694	8.9%	$57.78	-6.2%	COM	03027X100
MKL	MARKEL CORP	348,963	$180,683	7.7%	$524.12	+0.2%	COM	570535104
DLTR	DOLLAR TREE INC	2,423,768	$138,543	5.9%	$48.73	+10.8%	COM	256746108
ROST	ROSS STORES INC	1,533,218	$111,618	4.8%	$28.26	+6.9%	COM	778296103
ORLY	O REILLY AUTOMOTIVE INC NEW	821,538	$104,820	4.5%	$7.19	+13.6%	COM	67103H107
—	DIRECTV	1,700,000	$101,626	4.3%	$61.64	—	COM	25490A309
V	VISA INC	502,430	$96,014	4.1%	$40.02	+5.8%	COM CL A	92826C839
—	TD AMERITRADE HLDG CORP	3,158,900	$82,700	3.5%	$24.29	—	COM	87236Y108
—	ENSTAR GROUP LIMITED	498,476	$68,092	2.9%	$132.98	—	SHS	G3075P101
LPLA	LPL FINL HLDGS INC	1,700,000	$65,127	2.8%	$35.76	+7.0%	COM	50212V100
LYV	LIVE NATION ENTERTAINMENT IN	3,250,000	$60,287	2.6%	$13.58	+25.2%	COM	538034109
—	LEUCADIA NATL CORP	2,000,000	$54,480	2.3%	$26.22	—	COM	527288104
VRSK	VERISK ANALYTICS INC	800,000	$51,968	2.2%	$57.10	+5.6%	CL A	92345Y106
AAPL	APPLE INC	91,004	$43,386	1.9%	$13.16	+8.5%	COM	037833100
—	NUSTAR ENERGY LP	1,018,427	$40,849	1.7%	$45.65	—	UNIT COM	67058H102
BRK/B	BERKSHIRE HATHAWAY INC DEL	303,001	$34,394	1.5%	$110.02	+4.9%	CL B NEW	084670702
—	DISCOVERY COMMUNICATNS NEW	400,000	$31,248	1.3%	$69.62	—	COM SER A	25470F302
MNRO	MONRO MUFFLER BRAKE INC	500,000	$23,215	1.0%	$44.03	+3.6%	COM	610236101
—	EQUINIX INC	122,500	$22,497	1.0%	$183.65	—	COM NEW	29444U502
—	MARKWEST ENERGY PARTNERS L P	304,935	$22,025	0.9%	$69.89	—	UNIT LTD PARTN	570759100
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$15,561	0.7%	$41.91	+32.5%	COM NEW	25264R207
FDS	FACTSET RESH SYS INC	130,000	$14,183	0.6%	$83.78	+12.9%	COM	303075105
BRK/A	BERKSHIRE HATHAWAY INC DEL	59	$10,054	0.4%	$165023.42	+4.8%	CL A	084670108
HIG	HARTFORD FINL SVCS GROUP INC	319,803	$9,952	0.4%	$22.20	+8.7%	COM	416515104
—	ANSYS INC	50,000	$4,326	0.2%	$73.10	—	COM	03662Q105
—	BANK OF AMERICA CORPORATION	700,000	$4,263	0.2%	$5.46	—	*W EXP 01/16/201	060505146
—	PRIMO WTR CORP	1,600,000	$3,808	0.2%	$1.82	—	COM	74165N105
TDG	TRANSDIGM GROUP INC	10,000	$1,387	0.1%	$70.58	+8.1%	COM	893641100
CSX	CSX CORP	51,061	$1,314	0.1%	$6.66	+3.0%	COM	126408103
—	NUSTAR GP HOLDINGS LLC	57,907	$1,299	0.1%	$26.73	—	UNIT RESTG LLC	67059L102
WMB	WILLIAMS COS INC DEL	19,610	$713	0.0%	$17.72	0.0%	COM	969457100
—	ANNALY CAP MGMT INC	49,084	$568	0.0%	$12.25	—	COM	035710409