AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q4 2014 (← Previous) (Next →)

Filing Date: Feb 13, 2015

Total Value ($000): $3,797,710 (100.0% shares, 0.0% debt)

Holdings (36)

AMT AMERICAN TOWER CORP NEW 10.5%

Value ($000) $397,088 Shares 4,017,081 Est. Cost $58.53 Unrealized +28.4%

MA MASTERCARD INC 9.7%

Value ($000) $367,616 Shares 4,266,670 Est. Cost $70.50 Unrealized +8.2%

MKL MARKEL CORP 9.2%

Value ($000) $348,251 Shares 510,004 Est. Cost $552.36 Unrealized +22.8%

MCO MOODYS CORP 8.9%

Value ($000) $337,173 Shares 3,519,180 Est. Cost $53.47 Unrealized +61.9%

— COLFAX CORP 7.9%

Value ($000) $299,212 Shares 5,802,065 Est. Cost $55.78 Unrealized —

DLTR DOLLAR TREE INC 6.5%

Value ($000) $246,269 Shares 3,499,138 Est. Cost $50.64 Unrealized +24.5%

— DISCOVERY COMMUNICATNS NEW 5.1%

Value ($000) $193,807 Shares 5,747,540 Est. Cost $55.82 Unrealized —

ROP ROPER INDS INC NEW 4.7%

Value ($000) $179,238 Shares 1,146,390 Est. Cost $133.06 Unrealized +7.7%

LYV LIVE NATION ENTERTAINMENT IN 4.4%

Value ($000) $165,798 Shares 6,350,000 Est. Cost $16.94 Unrealized +48.8%

ORLY O REILLY AUTOMOTIVE INC NEW 4.1%

Value ($000) $157,310 Shares 816,688 Est. Cost $7.19 Unrealized +62.9%

V VISA INC 3.9%

Value ($000) $149,666 Shares 570,810 Est. Cost $41.34 Unrealized +34.7%

— SBA COMMUNICATIONS CORP 3.5%

Value ($000) $132,912 Shares 1,200,000 Est. Cost $93.06 Unrealized —

DHR DANAHER CORP DEL 3.4%

Value ($000) $128,565 Shares 1,500,000 Est. Cost $30.90 Unrealized +6.5%

KMX CARMAX INC 3.0%

Value ($000) $113,186 Shares 1,700,000 Est. Cost $50.72 Unrealized +9.3%

— TD AMERITRADE HLDG CORP 3.0%

Value ($000) $113,025 Shares 3,158,900 Est. Cost $24.29 Unrealized —

MNRO MONRO MUFFLER BRAKE INC 2.3%

Value ($000) $86,989 Shares 1,505,003 Est. Cost $49.28 Unrealized +8.1%

— ENSTAR GROUP LIMITED 2.1%

Value ($000) $78,188 Shares 511,402 Est. Cost $133.60 Unrealized —

LPLA LPL FINL HLDGS INC 2.0%

Value ($000) $76,403 Shares 1,715,000 Est. Cost $35.76 Unrealized +20.3%

— UBIQUITI NETWORKS INC 1.4%

Value ($000) $54,834 Shares 1,850,000 Est. Cost $33.48 Unrealized —

VRSK VERISK ANALYTICS INC 1.3%

Value ($000) $51,240 Shares 800,000 Est. Cost $57.10 Unrealized +4.2%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.2%

Value ($000) $45,522 Shares 303,175 Est. Cost $110.22 Unrealized +31.0%

DHIL DIAMOND HILL INVESTMENT GROU 0.5%

Value ($000) $20,085 Shares 145,500 Est. Cost $41.91 Unrealized +71.0%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.3%

Value ($000) $11,526 Shares 51 Est. Cost $165023.42 Unrealized +31.2%

— AMERICAN TOWER CORP NEW 0.3%

Value ($000) $11,496 Shares 100,000 Est. Cost $106.40 Unrealized —

— ANSYS INC 0.2%

Value ($000) $8,225 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) $4,928 Shares 700,000 Est. Cost $5.46 Unrealized —

LAMR LAMAR ADVERTISING CO 0.1%

Value ($000) $3,599 Shares 67,100 Est. Cost $53.64 Unrealized —

HIG HARTFORD FINL SVCS GROUP INC 0.1%

Value ($000) $2,116 Shares 50,761 Est. Cost $22.20 Unrealized +40.8%

— CROWN CASTLE INTL CORP 0.1%

Value ($000) $2,052 Shares 20,000 Est. Cost $102.60 Unrealized —

CSX CSX CORP 0.0%

Value ($000) $1,554 Shares 42,899 Est. Cost $6.66 Unrealized +47.6%

— NUSTAR GP HOLDINGS LLC 0.0%

Value ($000) $956 Shares 27,775 Est. Cost $27.83 Unrealized —

WMB WILLIAMS COS INC DEL 0.0%

Value ($000) $819 Shares 18,230 Est. Cost $17.72 Unrealized +53.3%

— MARKWEST ENERGY PARTNERS L P 0.0%

Value ($000) $468 Shares 6,965 Est. Cost $67.75 Unrealized —

— ARLINGTON ASSET INVT CORP 0.0%

Value ($000) $266 Shares 10,000 Est. Cost $26.40 Unrealized —

— ANNALY CAP MGMT INC 0.0%

Value ($000) $217 Shares 20,044 Est. Cost $12.15 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	4,017,081	$397,088	10.5%	$58.53	+28.4%	COM	03027X100
MA	MASTERCARD INC	4,266,670	$367,616	9.7%	$70.50	+8.2%	CL A	57636Q104
MKL	MARKEL CORP	510,004	$348,251	9.2%	$552.36	+22.8%	COM	570535104
MCO	MOODYS CORP	3,519,180	$337,173	8.9%	$53.47	+61.9%	COM	615369105
—	COLFAX CORP	5,802,065	$299,212	7.9%	$55.78	—	COM	194014106
DLTR	DOLLAR TREE INC	3,499,138	$246,269	6.5%	$50.64	+24.5%	COM	256746108
—	DISCOVERY COMMUNICATNS NEW	5,747,540	$193,807	5.1%	$55.82	—	COM SER A	25470F302
ROP	ROPER INDS INC NEW	1,146,390	$179,238	4.7%	$133.06	+7.7%	COM	776696106
LYV	LIVE NATION ENTERTAINMENT IN	6,350,000	$165,798	4.4%	$16.94	+48.8%	COM	538034109
ORLY	O REILLY AUTOMOTIVE INC NEW	816,688	$157,310	4.1%	$7.19	+62.9%	COM	67103H107
V	VISA INC	570,810	$149,666	3.9%	$41.34	+34.7%	COM CL A	92826C839
—	SBA COMMUNICATIONS CORP	1,200,000	$132,912	3.5%	$93.06	—	COM	78388J106
DHR	DANAHER CORP DEL	1,500,000	$128,565	3.4%	$30.90	+6.5%	COM	235851102
KMX	CARMAX INC	1,700,000	$113,186	3.0%	$50.72	+9.3%	COM	143130102
—	TD AMERITRADE HLDG CORP	3,158,900	$113,025	3.0%	$24.29	—	COM	87236Y108
MNRO	MONRO MUFFLER BRAKE INC	1,505,003	$86,989	2.3%	$49.28	+8.1%	COM	610236101
—	ENSTAR GROUP LIMITED	511,402	$78,188	2.1%	$133.60	—	SHS	G3075P101
LPLA	LPL FINL HLDGS INC	1,715,000	$76,403	2.0%	$35.76	+20.3%	COM	50212V100
—	UBIQUITI NETWORKS INC	1,850,000	$54,834	1.4%	$33.48	—	COM	90347A100
VRSK	VERISK ANALYTICS INC	800,000	$51,240	1.3%	$57.10	+4.2%	CL A	92345Y106
BRK/B	BERKSHIRE HATHAWAY INC DEL	303,175	$45,522	1.2%	$110.22	+31.0%	CL B NEW	084670702
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$20,085	0.5%	$41.91	+71.0%	COM NEW	25264R207
BRK/A	BERKSHIRE HATHAWAY INC DEL	51	$11,526	0.3%	$165023.42	+31.2%	CL A	084670108
—	AMERICAN TOWER CORP NEW	100,000	$11,496	0.3%	$106.40	—	PFD CONV SER A	03027X308
—	ANSYS INC	100,300	$8,225	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	$4,928	0.1%	$5.46	—	*W EXP 01/16/201	060505146
LAMR	LAMAR ADVERTISING CO	67,100	$3,599	0.1%	$53.64	—	CL A	512816109
HIG	HARTFORD FINL SVCS GROUP INC	50,761	$2,116	0.1%	$22.20	+40.8%	COM	416515104
—	CROWN CASTLE INTL CORP	20,000	$2,052	0.1%	$102.60	—	CNV PFD STK SR A	22822V200
CSX	CSX CORP	42,899	$1,554	0.0%	$6.66	+47.6%	COM	126408103
—	NUSTAR GP HOLDINGS LLC	27,775	$956	0.0%	$27.83	—	UNIT RESTG LLC	67059L102
WMB	WILLIAMS COS INC DEL	18,230	$819	0.0%	$17.72	+53.3%	COM	969457100
—	MARKWEST ENERGY PARTNERS L P	6,965	$468	0.0%	$67.75	—	UNIT LTD PARTN	570759100
—	ARLINGTON ASSET INVT CORP	10,000	$266	0.0%	$26.40	—	CL A NEW	041356205
—	ANNALY CAP MGMT INC	20,044	$217	0.0%	$12.15	—	COM	035710409