AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q4 2013 (← Previous) (Next →)

Filing Date: Feb 14, 2014

Total Value ($000): $2,700,615 (100.0% shares, 0.0% debt)

Holdings (39)

MA MASTERCARD INC 12.3%

Value ($000) $331,229 Shares 396,463 Est. Cost $51.54 Unrealized +34.0%

MCO MOODYS CORP 10.1%

Value ($000) $273,150 Shares 3,480,950 Est. Cost $53.10 Unrealized +21.5%

— COLFAX CORP 10.0%

Value ($000) $269,041 Shares 4,224,220 Est. Cost $52.96 Unrealized —

AMT AMERICAN TOWER CORP NEW 9.8%

Value ($000) $265,511 Shares 3,326,376 Est. Cost $57.89 Unrealized +1.1%

MKL MARKEL CORP 8.2%

Value ($000) $220,949 Shares 380,717 Est. Cost $525.67 Unrealized +3.2%

DLTR DOLLAR TREE INC 6.1%

Value ($000) $164,926 Shares 2,923,188 Est. Cost $50.25 Unrealized +14.7%

ROST ROSS STORES INC 5.0%

Value ($000) $135,784 Shares 1,812,143 Est. Cost $29.04 Unrealized +14.7%

V VISA INC 4.1%

Value ($000) $111,881 Shares 502,430 Est. Cost $40.02 Unrealized +15.7%

ORLY O REILLY AUTOMOTIVE INC NEW 3.9%

Value ($000) $105,710 Shares 821,303 Est. Cost $7.19 Unrealized +17.2%

— TD AMERITRADE HLDG CORP 3.6%

Value ($000) $96,789 Shares 3,158,900 Est. Cost $24.29 Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 3.3%

Value ($000) $90,072 Shares 4,558,300 Est. Cost $15.06 Unrealized +24.4%

LPLA LPL FINL HLDGS INC 3.0%

Value ($000) $80,691 Shares 1,715,000 Est. Cost $35.76 Unrealized +17.4%

— ENSTAR GROUP LIMITED 2.6%

Value ($000) $69,243 Shares 498,476 Est. Cost $132.98 Unrealized —

— LEUCADIA NATL CORP 2.1%

Value ($000) $56,680 Shares 2,000,000 Est. Cost $26.22 Unrealized —

VRSK VERISK ANALYTICS INC 1.9%

Value ($000) $52,576 Shares 800,000 Est. Cost $57.10 Unrealized +9.9%

AAPL APPLE INC 1.9%

Value ($000) $51,069 Shares 91,029 Est. Cost $13.16 Unrealized +24.4%

— MARKWEST ENERGY PARTNERS L P 1.7%

Value ($000) $46,617 Shares 704,935 Est. Cost $67.75 Unrealized —

— EQUINIX INC 1.5%

Value ($000) $39,447 Shares 222,300 Est. Cost $180.87 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.3%

Value ($000) $35,929 Shares 303,041 Est. Cost $110.02 Unrealized +5.1%

— DIRECTV 1.3%

Value ($000) $34,530 Shares 500,000 Est. Cost $61.64 Unrealized —

— DISCOVERY COMMUNICATNS NEW 1.2%

Value ($000) $33,544 Shares 400,000 Est. Cost $69.62 Unrealized —

MNRO MONRO MUFFLER BRAKE INC 1.0%

Value ($000) $28,180 Shares 500,000 Est. Cost $44.03 Unrealized +12.1%

DHR DANAHER CORP DEL 0.8%

Value ($000) $21,616 Shares 280,000 Est. Cost $29.72 Unrealized 0.0%

DHIL DIAMOND HILL INVESTMENT GROU 0.6%

Value ($000) $17,218 Shares 145,500 Est. Cost $41.91 Unrealized +46.4%

FDS FACTSET RESH SYS INC 0.5%

Value ($000) $14,115 Shares 130,000 Est. Cost $83.78 Unrealized +16.4%

HIG HARTFORD FINL SVCS GROUP INC 0.4%

Value ($000) $11,560 Shares 319,074 Est. Cost $22.20 Unrealized +20.4%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.4%

Value ($000) $10,496 Shares 59 Est. Cost $165023.42 Unrealized +5.1%

— LIBERTY INTERACTIVE CORP 0.2%

Value ($000) $5,517 Shares 45,000 Est. Cost $122.60 Unrealized —

KMX CARMAX INC 0.2%

Value ($000) $4,702 Shares 100,000 Est. Cost $49.02 Unrealized 0.0%

— BANK OF AMERICA CORPORATION 0.2%

Value ($000) $4,529 Shares 700,000 Est. Cost $5.46 Unrealized —

— ANSYS INC 0.2%

Value ($000) $4,360 Shares 50,000 Est. Cost $73.10 Unrealized —

— PRIMO WTR CORP 0.2%

Value ($000) $4,208 Shares 1,600,000 Est. Cost $1.82 Unrealized —

— LAMAR ADVERTISING CO 0.1%

Value ($000) $3,506 Shares 67,100 Est. Cost $52.25 Unrealized —

TDG TRANSDIGM GROUP INC 0.1%

Value ($000) $1,610 Shares 10,000 Est. Cost $70.58 Unrealized +15.1%

CSX CSX CORP 0.1%

Value ($000) $1,436 Shares 49,917 Est. Cost $6.66 Unrealized +10.6%

WMB WILLIAMS COS INC DEL 0.0%

Value ($000) $756 Shares 19,610 Est. Cost $17.72 Unrealized +3.7%

— NUSTAR GP HOLDINGS LLC 0.0%

Value ($000) $662 Shares 23,580 Est. Cost $26.73 Unrealized —

— ANNALY CAP MGMT INC 0.0%

Value ($000) $512 Shares 51,384 Est. Cost $12.15 Unrealized —

— ARLINGTON ASSET INVT CORP 0.0%

Value ($000) $264 Shares 10,000 Est. Cost $26.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MA	MASTERCARD INC	396,463	$331,229	12.3%	$51.54	+34.0%	CL A	57636Q104
MCO	MOODYS CORP	3,480,950	$273,150	10.1%	$53.10	+21.5%	COM	615369105
—	COLFAX CORP	4,224,220	$269,041	10.0%	$52.96	—	COM	194014106
AMT	AMERICAN TOWER CORP NEW	3,326,376	$265,511	9.8%	$57.89	+1.1%	COM	03027X100
MKL	MARKEL CORP	380,717	$220,949	8.2%	$525.67	+3.2%	COM	570535104
DLTR	DOLLAR TREE INC	2,923,188	$164,926	6.1%	$50.25	+14.7%	COM	256746108
ROST	ROSS STORES INC	1,812,143	$135,784	5.0%	$29.04	+14.7%	COM	778296103
V	VISA INC	502,430	$111,881	4.1%	$40.02	+15.7%	COM CL A	92826C839
ORLY	O REILLY AUTOMOTIVE INC NEW	821,303	$105,710	3.9%	$7.19	+17.2%	COM	67103H107
—	TD AMERITRADE HLDG CORP	3,158,900	$96,789	3.6%	$24.29	—	COM	87236Y108
LYV	LIVE NATION ENTERTAINMENT IN	4,558,300	$90,072	3.3%	$15.06	+24.4%	COM	538034109
LPLA	LPL FINL HLDGS INC	1,715,000	$80,691	3.0%	$35.76	+17.4%	COM	50212V100
—	ENSTAR GROUP LIMITED	498,476	$69,243	2.6%	$132.98	—	SHS	G3075P101
—	LEUCADIA NATL CORP	2,000,000	$56,680	2.1%	$26.22	—	COM	527288104
VRSK	VERISK ANALYTICS INC	800,000	$52,576	1.9%	$57.10	+9.9%	CL A	92345Y106
AAPL	APPLE INC	91,029	$51,069	1.9%	$13.16	+24.4%	COM	037833100
—	MARKWEST ENERGY PARTNERS L P	704,935	$46,617	1.7%	$67.75	—	UNIT LTD PARTN	570759100
—	EQUINIX INC	222,300	$39,447	1.5%	$180.87	—	COM NEW	29444U502
BRK/B	BERKSHIRE HATHAWAY INC DEL	303,041	$35,929	1.3%	$110.02	+5.1%	CL B NEW	084670702
—	DIRECTV	500,000	$34,530	1.3%	$61.64	—	COM	25490A309
—	DISCOVERY COMMUNICATNS NEW	400,000	$33,544	1.2%	$69.62	—	COM SER A	25470F302
MNRO	MONRO MUFFLER BRAKE INC	500,000	$28,180	1.0%	$44.03	+12.1%	COM	610236101
DHR	DANAHER CORP DEL	280,000	$21,616	0.8%	$29.72	0.0%	COM	235851102
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$17,218	0.6%	$41.91	+46.4%	COM NEW	25264R207
FDS	FACTSET RESH SYS INC	130,000	$14,115	0.5%	$83.78	+16.4%	COM	303075105
HIG	HARTFORD FINL SVCS GROUP INC	319,074	$11,560	0.4%	$22.20	+20.4%	COM	416515104
BRK/A	BERKSHIRE HATHAWAY INC DEL	59	$10,496	0.4%	$165023.42	+5.1%	CL A	084670108
—	LIBERTY INTERACTIVE CORP	45,000	$5,517	0.2%	$122.60	—	INT COM SER A	53071M880
KMX	CARMAX INC	100,000	$4,702	0.2%	$49.02	0.0%	COM	143130102
—	BANK OF AMERICA CORPORATION	700,000	$4,529	0.2%	$5.46	—	*W EXP 01/16/201	060505146
—	ANSYS INC	50,000	$4,360	0.2%	$73.10	—	COM	03662Q105
—	PRIMO WTR CORP	1,600,000	$4,208	0.2%	$1.82	—	COM	74165N105
—	LAMAR ADVERTISING CO	67,100	$3,506	0.1%	$52.25	—	CL A	512815101
TDG	TRANSDIGM GROUP INC	10,000	$1,610	0.1%	$70.58	+15.1%	COM	893641100
CSX	CSX CORP	49,917	$1,436	0.1%	$6.66	+10.6%	COM	126408103
WMB	WILLIAMS COS INC DEL	19,610	$756	0.0%	$17.72	+3.7%	COM	969457100
—	NUSTAR GP HOLDINGS LLC	23,580	$662	0.0%	$26.73	—	UNIT RESTG LLC	67059L102
—	ANNALY CAP MGMT INC	51,384	$512	0.0%	$12.15	—	COM	035710409
—	ARLINGTON ASSET INVT CORP	10,000	$264	0.0%	$26.40	—	CL A NEW	041356205