AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: May 13, 2014

Total Value ($000): $3,125,709 (100.0% shares, 0.0% debt)

Holdings (42)

— COLFAX CORP 11.8%

Value ($000) $368,210 Shares 5,162,070 Est. Cost $56.30 Unrealized —

AMT AMERICAN TOWER CORP NEW 10.5%

Value ($000) $329,700 Shares 4,027,121 Est. Cost $58.53 Unrealized +5.2%

MA MASTERCARD INC 9.5%

Value ($000) $296,076 Shares 3,963,530 Est. Cost $70.60 Unrealized +3.0%

MCO MOODYS CORP 8.8%

Value ($000) $276,203 Shares 3,482,130 Est. Cost $53.10 Unrealized +30.4%

MKL MARKEL CORP 7.3%

Value ($000) $227,118 Shares 381,007 Est. Cost $525.67 Unrealized +8.4%

DLTR DOLLAR TREE INC 5.0%

Value ($000) $155,654 Shares 2,983,023 Est. Cost $50.31 Unrealized +5.8%

LYV LIVE NATION ENTERTAINMENT IN 4.4%

Value ($000) $138,112 Shares 6,350,000 Est. Cost $16.94 Unrealized +28.2%

— DISCOVERY COMMUNICATNS NEW 4.4%

Value ($000) $137,490 Shares 1,784,200 Est. Cost $75.39 Unrealized —

V VISA INC 3.9%

Value ($000) $123,133 Shares 570,430 Est. Cost $41.34 Unrealized +23.6%

ORLY O REILLY AUTOMOTIVE INC NEW 3.9%

Value ($000) $121,959 Shares 821,882 Est. Cost $7.19 Unrealized +32.6%

ROST ROSS STORES INC 3.7%

Value ($000) $116,733 Shares 1,631,038 Est. Cost $29.04 Unrealized +8.7%

— TD AMERITRADE HLDG CORP 3.4%

Value ($000) $107,245 Shares 3,158,900 Est. Cost $24.29 Unrealized —

LPLA LPL FINL HLDGS INC 2.9%

Value ($000) $90,106 Shares 1,715,000 Est. Cost $35.76 Unrealized +47.6%

— SBA COMMUNICATIONS CORP 2.8%

Value ($000) $88,922 Shares 977,600 Est. Cost $90.96 Unrealized —

— ENSTAR GROUP LIMITED 2.2%

Value ($000) $67,968 Shares 498,626 Est. Cost $132.98 Unrealized —

— LEUCADIA NATL CORP 1.8%

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

AAPL APPLE INC 1.6%

Value ($000) $48,859 Shares 91,029 Est. Cost $13.16 Unrealized +26.0%

VRSK VERISK ANALYTICS INC 1.5%

Value ($000) $47,968 Shares 800,000 Est. Cost $57.10 Unrealized +6.0%

— MARKWEST ENERGY PARTNERS L P 1.5%

Value ($000) $46,179 Shares 706,965 Est. Cost $67.75 Unrealized —

— EQUINIX INC 1.3%

Value ($000) $39,242 Shares 212,300 Est. Cost $180.87 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.2%

Value ($000) $38,993 Shares 312,019 Est. Cost $110.22 Unrealized +6.0%

— DIRECTV 1.2%

Value ($000) $38,210 Shares 500,000 Est. Cost $61.64 Unrealized —

MNRO MONRO MUFFLER BRAKE INC 0.9%

Value ($000) $28,440 Shares 500,000 Est. Cost $44.03 Unrealized +30.0%

DHR DANAHER CORP DEL 0.7%

Value ($000) $22,500 Shares 300,000 Est. Cost $29.79 Unrealized +3.3%

DHIL DIAMOND HILL INVESTMENT GROU 0.6%

Value ($000) $19,125 Shares 145,500 Est. Cost $41.91 Unrealized +54.7%

FDS FACTSET RESH SYS INC 0.4%

Value ($000) $14,015 Shares 130,000 Est. Cost $83.78 Unrealized +11.3%

— LIBERTY INTERACTIVE CORP 0.4%

Value ($000) $11,730 Shares 90,000 Est. Cost $126.47 Unrealized —

HIG HARTFORD FINL SVCS GROUP INC 0.4%

Value ($000) $11,211 Shares 317,874 Est. Cost $22.20 Unrealized +22.1%

ROP ROPER INDS INC NEW 0.3%

Value ($000) $10,547 Shares 79,000 Est. Cost $126.73 Unrealized 0.0%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.3%

Value ($000) $9,743 Shares 52 Est. Cost $165023.42 Unrealized +6.4%

KMX CARMAX INC 0.3%

Value ($000) $9,360 Shares 200,000 Est. Cost $47.87 Unrealized -2.4%

— ANSYS INC 0.2%

Value ($000) $7,301 Shares 94,800 Est. Cost $74.95 Unrealized —

— PRIMO WTR CORP 0.2%

Value ($000) $6,224 Shares 1,600,000 Est. Cost $1.82 Unrealized —

— BANK OF AMERICA CORPORATION 0.2%

Value ($000) $5,754 Shares 700,000 Est. Cost $5.46 Unrealized —

— LAMAR ADVERTISING CO 0.1%

Value ($000) $3,422 Shares 67,100 Est. Cost $52.25 Unrealized —

TDG TRANSDIGM GROUP INC 0.1%

Value ($000) $1,852 Shares 10,000 Est. Cost $70.58 Unrealized +35.0%

CSX CSX CORP 0.0%

Value ($000) $1,446 Shares 49,917 Est. Cost $6.66 Unrealized +15.1%

— NUSTAR GP HOLDINGS LLC 0.0%

Value ($000) $945 Shares 27,775 Est. Cost $27.83 Unrealized —

WMB WILLIAMS COS INC DEL 0.0%

Value ($000) $766 Shares 18,880 Est. Cost $17.72 Unrealized +18.0%

— ANNALY CAP MGMT INC 0.0%

Value ($000) $549 Shares 50,044 Est. Cost $12.15 Unrealized —

XOM EXXON MOBIL CORP 0.0%

Value ($000) $434 Shares 4,446 Est. Cost $58.08 Unrealized 0.0%

— ARLINGTON ASSET INVT CORP 0.0%

Value ($000) $265 Shares 10,000 Est. Cost $26.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	COLFAX CORP	5,162,070	$368,210	11.8%	$56.30	—	COM	194014106
AMT	AMERICAN TOWER CORP NEW	4,027,121	$329,700	10.5%	$58.53	+5.2%	COM	03027X100
MA	MASTERCARD INC	3,963,530	$296,076	9.5%	$70.60	+3.0%	CL A	57636Q104
MCO	MOODYS CORP	3,482,130	$276,203	8.8%	$53.10	+30.4%	COM	615369105
MKL	MARKEL CORP	381,007	$227,118	7.3%	$525.67	+8.4%	COM	570535104
DLTR	DOLLAR TREE INC	2,983,023	$155,654	5.0%	$50.31	+5.8%	COM	256746108
LYV	LIVE NATION ENTERTAINMENT IN	6,350,000	$138,112	4.4%	$16.94	+28.2%	COM	538034109
—	DISCOVERY COMMUNICATNS NEW	1,784,200	$137,490	4.4%	$75.39	—	COM SER A	25470F302
V	VISA INC	570,430	$123,133	3.9%	$41.34	+23.6%	COM CL A	92826C839
ORLY	O REILLY AUTOMOTIVE INC NEW	821,882	$121,959	3.9%	$7.19	+32.6%	COM	67103H107
ROST	ROSS STORES INC	1,631,038	$116,733	3.7%	$29.04	+8.7%	COM	778296103
—	TD AMERITRADE HLDG CORP	3,158,900	$107,245	3.4%	$24.29	—	COM	87236Y108
LPLA	LPL FINL HLDGS INC	1,715,000	$90,106	2.9%	$35.76	+47.6%	COM	50212V100
—	SBA COMMUNICATIONS CORP	977,600	$88,922	2.8%	$90.96	—	COM	78388J106
—	ENSTAR GROUP LIMITED	498,626	$67,968	2.2%	$132.98	—	SHS	G3075P101
—	LEUCADIA NATL CORP	2,000,000	$56,000	1.8%	$26.22	—	COM	527288104
AAPL	APPLE INC	91,029	$48,859	1.6%	$13.16	+26.0%	COM	037833100
VRSK	VERISK ANALYTICS INC	800,000	$47,968	1.5%	$57.10	+6.0%	CL A	92345Y106
—	MARKWEST ENERGY PARTNERS L P	706,965	$46,179	1.5%	$67.75	—	UNIT LTD PARTN	570759100
—	EQUINIX INC	212,300	$39,242	1.3%	$180.87	—	COM NEW	29444U502
BRK/B	BERKSHIRE HATHAWAY INC DEL	312,019	$38,993	1.2%	$110.22	+6.0%	CL B NEW	084670702
—	DIRECTV	500,000	$38,210	1.2%	$61.64	—	COM	25490A309
MNRO	MONRO MUFFLER BRAKE INC	500,000	$28,440	0.9%	$44.03	+30.0%	COM	610236101
DHR	DANAHER CORP DEL	300,000	$22,500	0.7%	$29.79	+3.3%	COM	235851102
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$19,125	0.6%	$41.91	+54.7%	COM NEW	25264R207
FDS	FACTSET RESH SYS INC	130,000	$14,015	0.4%	$83.78	+11.3%	COM	303075105
—	LIBERTY INTERACTIVE CORP	90,000	$11,730	0.4%	$126.47	—	INT COM SER A	53071M880
HIG	HARTFORD FINL SVCS GROUP INC	317,874	$11,211	0.4%	$22.20	+22.1%	COM	416515104
ROP	ROPER INDS INC NEW	79,000	$10,547	0.3%	$126.73	0.0%	COM	776696106
BRK/A	BERKSHIRE HATHAWAY INC DEL	52	$9,743	0.3%	$165023.42	+6.4%	CL A	084670108
KMX	CARMAX INC	200,000	$9,360	0.3%	$47.87	-2.4%	COM	143130102
—	ANSYS INC	94,800	$7,301	0.2%	$74.95	—	COM	03662Q105
—	PRIMO WTR CORP	1,600,000	$6,224	0.2%	$1.82	—	COM	74165N105
—	BANK OF AMERICA CORPORATION	700,000	$5,754	0.2%	$5.46	—	*W EXP 01/16/201	060505146
—	LAMAR ADVERTISING CO	67,100	$3,422	0.1%	$52.25	—	CL A	512815101
TDG	TRANSDIGM GROUP INC	10,000	$1,852	0.1%	$70.58	+35.0%	COM	893641100
CSX	CSX CORP	49,917	$1,446	0.0%	$6.66	+15.1%	COM	126408103
—	NUSTAR GP HOLDINGS LLC	27,775	$945	0.0%	$27.83	—	UNIT RESTG LLC	67059L102
WMB	WILLIAMS COS INC DEL	18,880	$766	0.0%	$17.72	+18.0%	COM	969457100
—	ANNALY CAP MGMT INC	50,044	$549	0.0%	$12.15	—	COM	035710409
XOM	EXXON MOBIL CORP	4,446	$434	0.0%	$58.08	0.0%	COM	30231G102
—	ARLINGTON ASSET INVT CORP	10,000	$265	0.0%	$26.40	—	CL A NEW	041356205