AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q2 2014 (← Previous) (Next →)

Filing Date: Aug 13, 2014

Total Value ($000): $3,441,539 (100.0% shares, 0.0% debt)

Holdings (39)

— COLFAX CORP 11.2%

Value ($000) $384,714 Shares 5,161,180 Est. Cost $56.30 Unrealized —

AMT AMERICAN TOWER CORP NEW 10.5%

Value ($000) $362,133 Shares 4,024,596 Est. Cost $58.53 Unrealized +12.2%

MKL MARKEL CORP 9.4%

Value ($000) $323,410 Shares 493,273 Est. Cost $549.43 Unrealized +14.7%

MA MASTERCARD INC 9.1%

Value ($000) $314,363 Shares 4,278,795 Est. Cost $70.50 Unrealized -1.8%

MCO MOODYS CORP 8.9%

Value ($000) $305,244 Shares 3,482,130 Est. Cost $53.10 Unrealized +37.7%

— DISCOVERY COMMUNICATNS NEW 6.0%

Value ($000) $208,205 Shares 2,868,230 Est. Cost $74.33 Unrealized —

DLTR DOLLAR TREE INC 5.5%

Value ($000) $189,653 Shares 3,482,423 Est. Cost $50.64 Unrealized +3.8%

LYV LIVE NATION ENTERTAINMENT IN 4.6%

Value ($000) $156,781 Shares 6,350,000 Est. Cost $16.94 Unrealized +32.8%

ORLY O REILLY AUTOMOTIVE INC NEW 3.6%

Value ($000) $123,683 Shares 821,267 Est. Cost $7.19 Unrealized +37.1%

— SBA COMMUNICATIONS CORP 3.6%

Value ($000) $122,760 Shares 1,200,000 Est. Cost $93.06 Unrealized —

V VISA INC 3.5%

Value ($000) $120,195 Shares 570,430 Est. Cost $41.34 Unrealized +16.5%

DHR DANAHER CORP DEL 3.4%

Value ($000) $118,095 Shares 1,500,000 Est. Cost $30.83 Unrealized +0.8%

ROP ROPER INDS INC NEW 2.9%

Value ($000) $99,564 Shares 681,900 Est. Cost $129.70 Unrealized +0.3%

— TD AMERITRADE HLDG CORP 2.9%

Value ($000) $99,032 Shares 3,158,900 Est. Cost $24.29 Unrealized —

LPLA LPL FINL HLDGS INC 2.5%

Value ($000) $85,304 Shares 1,715,000 Est. Cost $35.76 Unrealized +35.6%

— ENSTAR GROUP LIMITED 2.2%

Value ($000) $75,172 Shares 498,720 Est. Cost $132.98 Unrealized —

AAPL APPLE INC 1.7%

Value ($000) $59,219 Shares 637,238 Est. Cost $17.87 Unrealized +4.4%

— MARKWEST ENERGY PARTNERS L P 1.5%

Value ($000) $50,605 Shares 706,965 Est. Cost $67.75 Unrealized —

VRSK VERISK ANALYTICS INC 1.4%

Value ($000) $48,016 Shares 800,000 Est. Cost $57.10 Unrealized +0.1%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.1%

Value ($000) $39,311 Shares 310,611 Est. Cost $110.22 Unrealized +14.8%

KMX CARMAX INC 0.9%

Value ($000) $31,206 Shares 600,000 Est. Cost $46.23 Unrealized -1.8%

MNRO MONRO MUFFLER BRAKE INC 0.8%

Value ($000) $26,595 Shares 500,000 Est. Cost $44.03 Unrealized +24.6%

DHIL DIAMOND HILL INVESTMENT GROU 0.5%

Value ($000) $18,583 Shares 145,500 Est. Cost $41.91 Unrealized +59.5%

— LIBERTY INTERACTIVE CORP 0.4%

Value ($000) $13,284 Shares 180,000 Est. Cost $100.13 Unrealized —

HIG HARTFORD FINL SVCS GROUP INC 0.3%

Value ($000) $11,280 Shares 314,982 Est. Cost $22.20 Unrealized +24.1%

— AMERICAN TOWER CORP NEW 0.3%

Value ($000) $10,640 Shares 100,000 Est. Cost $106.40 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.3%

Value ($000) $9,875 Shares 52 Est. Cost $165023.42 Unrealized +15.0%

— PRIMO WTR CORP 0.2%

Value ($000) $7,632 Shares 1,600,000 Est. Cost $1.82 Unrealized —

— ANSYS INC 0.2%

Value ($000) $7,605 Shares 100,300 Est. Cost $75.00 Unrealized —

— BANK OF AMERICA CORPORATION 0.1%

Value ($000) $4,802 Shares 700,000 Est. Cost $5.46 Unrealized —

— LAMAR ADVERTISING CO 0.1%

Value ($000) $3,556 Shares 67,100 Est. Cost $52.25 Unrealized —

— LEUCADIA NATL CORP 0.1%

Value ($000) $3,435 Shares 131,000 Est. Cost $26.22 Unrealized —

TDG TRANSDIGM GROUP INC 0.0%

Value ($000) $1,673 Shares 10,000 Est. Cost $70.58 Unrealized +43.1%

— CROWN CASTLE INTL CORP 0.0%

Value ($000) $1,600 Shares 15,700 Est. Cost $101.91 Unrealized —

CSX CSX CORP 0.0%

Value ($000) $1,322 Shares 42,899 Est. Cost $6.66 Unrealized +21.5%

— NUSTAR GP HOLDINGS LLC 0.0%

Value ($000) $1,086 Shares 27,775 Est. Cost $27.83 Unrealized —

WMB WILLIAMS COS INC DEL 0.0%

Value ($000) $1,061 Shares 18,230 Est. Cost $17.72 Unrealized +36.4%

— ANNALY CAP MGMT INC 0.0%

Value ($000) $572 Shares 50,044 Est. Cost $12.15 Unrealized —

— ARLINGTON ASSET INVT CORP 0.0%

Value ($000) $273 Shares 10,000 Est. Cost $26.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	COLFAX CORP	5,161,180	$384,714	11.2%	$56.30	—	COM	194014106
AMT	AMERICAN TOWER CORP NEW	4,024,596	$362,133	10.5%	$58.53	+12.2%	COM	03027X100
MKL	MARKEL CORP	493,273	$323,410	9.4%	$549.43	+14.7%	COM	570535104
MA	MASTERCARD INC	4,278,795	$314,363	9.1%	$70.50	-1.8%	CL A	57636Q104
MCO	MOODYS CORP	3,482,130	$305,244	8.9%	$53.10	+37.7%	COM	615369105
—	DISCOVERY COMMUNICATNS NEW	2,868,230	$208,205	6.0%	$74.33	—	COM SER A	25470F302
DLTR	DOLLAR TREE INC	3,482,423	$189,653	5.5%	$50.64	+3.8%	COM	256746108
LYV	LIVE NATION ENTERTAINMENT IN	6,350,000	$156,781	4.6%	$16.94	+32.8%	COM	538034109
ORLY	O REILLY AUTOMOTIVE INC NEW	821,267	$123,683	3.6%	$7.19	+37.1%	COM	67103H107
—	SBA COMMUNICATIONS CORP	1,200,000	$122,760	3.6%	$93.06	—	COM	78388J106
V	VISA INC	570,430	$120,195	3.5%	$41.34	+16.5%	COM CL A	92826C839
DHR	DANAHER CORP DEL	1,500,000	$118,095	3.4%	$30.83	+0.8%	COM	235851102
ROP	ROPER INDS INC NEW	681,900	$99,564	2.9%	$129.70	+0.3%	COM	776696106
—	TD AMERITRADE HLDG CORP	3,158,900	$99,032	2.9%	$24.29	—	COM	87236Y108
LPLA	LPL FINL HLDGS INC	1,715,000	$85,304	2.5%	$35.76	+35.6%	COM	50212V100
—	ENSTAR GROUP LIMITED	498,720	$75,172	2.2%	$132.98	—	SHS	G3075P101
AAPL	APPLE INC	637,238	$59,219	1.7%	$17.87	+4.4%	COM	037833100
—	MARKWEST ENERGY PARTNERS L P	706,965	$50,605	1.5%	$67.75	—	UNIT LTD PARTN	570759100
VRSK	VERISK ANALYTICS INC	800,000	$48,016	1.4%	$57.10	+0.1%	CL A	92345Y106
BRK/B	BERKSHIRE HATHAWAY INC DEL	310,611	$39,311	1.1%	$110.22	+14.8%	CL B NEW	084670702
KMX	CARMAX INC	600,000	$31,206	0.9%	$46.23	-1.8%	COM	143130102
MNRO	MONRO MUFFLER BRAKE INC	500,000	$26,595	0.8%	$44.03	+24.6%	COM	610236101
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$18,583	0.5%	$41.91	+59.5%	COM NEW	25264R207
—	LIBERTY INTERACTIVE CORP	180,000	$13,284	0.4%	$100.13	—	INT COM SER A	53071M880
HIG	HARTFORD FINL SVCS GROUP INC	314,982	$11,280	0.3%	$22.20	+24.1%	COM	416515104
—	AMERICAN TOWER CORP NEW	100,000	$10,640	0.3%	$106.40	—	PFD CONV SER A	03027X308
BRK/A	BERKSHIRE HATHAWAY INC DEL	52	$9,875	0.3%	$165023.42	+15.0%	CL A	084670108
—	PRIMO WTR CORP	1,600,000	$7,632	0.2%	$1.82	—	COM	74165N105
—	ANSYS INC	100,300	$7,605	0.2%	$75.00	—	COM	03662Q105
—	BANK OF AMERICA CORPORATION	700,000	$4,802	0.1%	$5.46	—	*W EXP 01/16/201	060505146
—	LAMAR ADVERTISING CO	67,100	$3,556	0.1%	$52.25	—	CL A	512815101
—	LEUCADIA NATL CORP	131,000	$3,435	0.1%	$26.22	—	COM	527288104
TDG	TRANSDIGM GROUP INC	10,000	$1,673	0.0%	$70.58	+43.1%	COM	893641100
—	CROWN CASTLE INTL CORP	15,700	$1,600	0.0%	$101.91	—	CNV PFD STK SR A	228227500
CSX	CSX CORP	42,899	$1,322	0.0%	$6.66	+21.5%	COM	126408103
—	NUSTAR GP HOLDINGS LLC	27,775	$1,086	0.0%	$27.83	—	UNIT RESTG LLC	67059L102
WMB	WILLIAMS COS INC DEL	18,230	$1,061	0.0%	$17.72	+36.4%	COM	969457100
—	ANNALY CAP MGMT INC	50,044	$572	0.0%	$12.15	—	COM	035710409
—	ARLINGTON ASSET INVT CORP	10,000	$273	0.0%	$26.40	—	CL A NEW	041356205