AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q3 2014 (← Previous) (Next →)

Filing Date: Nov 13, 2014

Total Value ($000): $3,525,002 (100.0% shares, 0.0% debt)

Holdings (39)

AMT AMERICAN TOWER CORP NEW 10.7%

Value ($000) $376,146 Shares 4,017,371 Est. Cost $58.53 Unrealized +23.9%

MCO MOODYS CORP 9.3%

Value ($000) $328,912 Shares 3,480,545 Est. Cost $53.10 Unrealized +53.6%

MKL MARKEL CORP 9.2%

Value ($000) $323,701 Shares 508,844 Est. Cost $552.36 Unrealized +16.8%

MA MASTERCARD INC 9.0%

Value ($000) $315,873 Shares 4,273,180 Est. Cost $70.50 Unrealized +0.8%

— COLFAX CORP 8.3%

Value ($000) $294,183 Shares 5,163,820 Est. Cost $56.30 Unrealized —

— DISCOVERY COMMUNICATNS NEW 6.1%

Value ($000) $213,702 Shares 5,732,340 Est. Cost $55.82 Unrealized —

DLTR DOLLAR TREE INC 5.5%

Value ($000) $195,381 Shares 3,484,598 Est. Cost $50.64 Unrealized +8.9%

ROP ROPER INDS INC NEW 4.5%

Value ($000) $159,222 Shares 1,088,400 Est. Cost $132.52 Unrealized +3.6%

LYV LIVE NATION ENTERTAINMENT IN 4.3%

Value ($000) $152,527 Shares 6,350,000 Est. Cost $16.94 Unrealized +36.5%

DHR DANAHER CORP DEL 4.1%

Value ($000) $144,362 Shares 1,900,000 Est. Cost $30.90 Unrealized +0.9%

— SBA COMMUNICATIONS CORP 3.8%

Value ($000) $133,080 Shares 1,200,000 Est. Cost $93.06 Unrealized —

ORLY O REILLY AUTOMOTIVE INC NEW 3.5%

Value ($000) $122,934 Shares 817,598 Est. Cost $7.19 Unrealized +41.9%

V VISA INC 3.5%

Value ($000) $121,713 Shares 570,430 Est. Cost $41.34 Unrealized +20.0%

— TD AMERITRADE HLDG CORP 3.0%

Value ($000) $105,412 Shares 3,158,900 Est. Cost $24.29 Unrealized —

LPLA LPL FINL HLDGS INC 2.2%

Value ($000) $78,976 Shares 1,715,000 Est. Cost $35.76 Unrealized +34.8%

— ENSTAR GROUP LIMITED 1.9%

Value ($000) $67,544 Shares 495,484 Est. Cost $132.98 Unrealized —

AAPL APPLE INC 1.8%

Value ($000) $64,212 Shares 637,338 Est. Cost $17.87 Unrealized +21.0%

MNRO MONRO MUFFLER BRAKE INC 1.7%

Value ($000) $61,148 Shares 1,260,000 Est. Cost $48.50 Unrealized +6.1%

KMX CARMAX INC 1.6%

Value ($000) $55,508 Shares 1,195,000 Est. Cost $48.72 Unrealized +5.1%

VRSK VERISK ANALYTICS INC 1.4%

Value ($000) $48,712 Shares 800,000 Est. Cost $57.10 Unrealized +4.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.2%

Value ($000) $42,572 Shares 308,180 Est. Cost $110.22 Unrealized +20.9%

— UBIQUITI NETWORKS INC 1.0%

Value ($000) $33,777 Shares 900,000 Est. Cost $37.53 Unrealized —

DHIL DIAMOND HILL INVESTMENT GROU 0.5%

Value ($000) $17,904 Shares 145,500 Est. Cost $41.91 Unrealized +67.3%

HIG HARTFORD FINL SVCS GROUP INC 0.3%

Value ($000) $11,402 Shares 306,101 Est. Cost $22.20 Unrealized +28.2%

— AMERICAN TOWER CORP NEW 0.3%

Value ($000) $10,850 Shares 100,000 Est. Cost $106.40 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.3%

Value ($000) $10,759 Shares 52 Est. Cost $165023.42 Unrealized +21.1%

— ANSYS INC 0.2%

Value ($000) $7,590 Shares 100,300 Est. Cost $75.00 Unrealized —

— PRIMO WTR CORP 0.2%

Value ($000) $7,111 Shares 1,650,000 Est. Cost $1.90 Unrealized —

— BANK OF AMERICA CORPORATION 0.1%

Value ($000) $5,250 Shares 700,000 Est. Cost $5.46 Unrealized —

— LAMAR ADVERTISING CO 0.1%

Value ($000) $3,305 Shares 67,100 Est. Cost $52.25 Unrealized —

— LEUCADIA NATL CORP 0.1%

Value ($000) $2,372 Shares 99,500 Est. Cost $26.22 Unrealized —

— CROWN CASTLE INTL CORP 0.1%

Value ($000) $2,104 Shares 20,000 Est. Cost $102.62 Unrealized —

TDG TRANSDIGM GROUP INC 0.1%

Value ($000) $1,843 Shares 10,000 Est. Cost $70.58 Unrealized +58.1%

CSX CSX CORP 0.0%

Value ($000) $1,375 Shares 42,899 Est. Cost $6.66 Unrealized +29.4%

— NUSTAR GP HOLDINGS LLC 0.0%

Value ($000) $1,208 Shares 27,775 Est. Cost $27.83 Unrealized —

WMB WILLIAMS COS INC DEL 0.0%

Value ($000) $1,009 Shares 18,230 Est. Cost $17.72 Unrealized +70.6%

— MARKWEST ENERGY PARTNERS L P 0.0%

Value ($000) $535 Shares 6,965 Est. Cost $67.75 Unrealized —

— ANNALY CAP MGMT INC 0.0%

Value ($000) $534 Shares 50,044 Est. Cost $12.15 Unrealized —

— ARLINGTON ASSET INVT CORP 0.0%

Value ($000) $254 Shares 10,000 Est. Cost $26.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	4,017,371	$376,146	10.7%	$58.53	+23.9%	COM	03027X100
MCO	MOODYS CORP	3,480,545	$328,912	9.3%	$53.10	+53.6%	COM	615369105
MKL	MARKEL CORP	508,844	$323,701	9.2%	$552.36	+16.8%	COM	570535104
MA	MASTERCARD INC	4,273,180	$315,873	9.0%	$70.50	+0.8%	CL A	57636Q104
—	COLFAX CORP	5,163,820	$294,183	8.3%	$56.30	—	COM	194014106
—	DISCOVERY COMMUNICATNS NEW	5,732,340	$213,702	6.1%	$55.82	—	COM SER A	25470F302
DLTR	DOLLAR TREE INC	3,484,598	$195,381	5.5%	$50.64	+8.9%	COM	256746108
ROP	ROPER INDS INC NEW	1,088,400	$159,222	4.5%	$132.52	+3.6%	COM	776696106
LYV	LIVE NATION ENTERTAINMENT IN	6,350,000	$152,527	4.3%	$16.94	+36.5%	COM	538034109
DHR	DANAHER CORP DEL	1,900,000	$144,362	4.1%	$30.90	+0.9%	COM	235851102
—	SBA COMMUNICATIONS CORP	1,200,000	$133,080	3.8%	$93.06	—	COM	78388J106
ORLY	O REILLY AUTOMOTIVE INC NEW	817,598	$122,934	3.5%	$7.19	+41.9%	COM	67103H107
V	VISA INC	570,430	$121,713	3.5%	$41.34	+20.0%	COM CL A	92826C839
—	TD AMERITRADE HLDG CORP	3,158,900	$105,412	3.0%	$24.29	—	COM	87236Y108
LPLA	LPL FINL HLDGS INC	1,715,000	$78,976	2.2%	$35.76	+34.8%	COM	50212V100
—	ENSTAR GROUP LIMITED	495,484	$67,544	1.9%	$132.98	—	SHS	G3075P101
AAPL	APPLE INC	637,338	$64,212	1.8%	$17.87	+21.0%	COM	037833100
MNRO	MONRO MUFFLER BRAKE INC	1,260,000	$61,148	1.7%	$48.50	+6.1%	COM	610236101
KMX	CARMAX INC	1,195,000	$55,508	1.6%	$48.72	+5.1%	COM	143130102
VRSK	VERISK ANALYTICS INC	800,000	$48,712	1.4%	$57.10	+4.5%	CL A	92345Y106
BRK/B	BERKSHIRE HATHAWAY INC DEL	308,180	$42,572	1.2%	$110.22	+20.9%	CL B NEW	084670702
—	UBIQUITI NETWORKS INC	900,000	$33,777	1.0%	$37.53	—	COM	90347A100
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$17,904	0.5%	$41.91	+67.3%	COM NEW	25264R207
HIG	HARTFORD FINL SVCS GROUP INC	306,101	$11,402	0.3%	$22.20	+28.2%	COM	416515104
—	AMERICAN TOWER CORP NEW	100,000	$10,850	0.3%	$106.40	—	PFD CONV SER A	03027X308
BRK/A	BERKSHIRE HATHAWAY INC DEL	52	$10,759	0.3%	$165023.42	+21.1%	CL A	084670108
—	ANSYS INC	100,300	$7,590	0.2%	$75.00	—	COM	03662Q105
—	PRIMO WTR CORP	1,650,000	$7,111	0.2%	$1.90	—	COM	74165N105
—	BANK OF AMERICA CORPORATION	700,000	$5,250	0.1%	$5.46	—	*W EXP 01/16/201	060505146
—	LAMAR ADVERTISING CO	67,100	$3,305	0.1%	$52.25	—	CL A	512815101
—	LEUCADIA NATL CORP	99,500	$2,372	0.1%	$26.22	—	COM	527288104
—	CROWN CASTLE INTL CORP	20,000	$2,104	0.1%	$102.62	—	CNV PFD STK SR A	228227500
TDG	TRANSDIGM GROUP INC	10,000	$1,843	0.1%	$70.58	+58.1%	COM	893641100
CSX	CSX CORP	42,899	$1,375	0.0%	$6.66	+29.4%	COM	126408103
—	NUSTAR GP HOLDINGS LLC	27,775	$1,208	0.0%	$27.83	—	UNIT RESTG LLC	67059L102
WMB	WILLIAMS COS INC DEL	18,230	$1,009	0.0%	$17.72	+70.6%	COM	969457100
—	MARKWEST ENERGY PARTNERS L P	6,965	$535	0.0%	$67.75	—	UNIT LTD PARTN	570759100
—	ANNALY CAP MGMT INC	50,044	$534	0.0%	$12.15	—	COM	035710409
—	ARLINGTON ASSET INVT CORP	10,000	$254	0.0%	$26.40	—	CL A NEW	041356205