AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q2 2015 (← Previous) (Next →)

Filing Date: Aug 14, 2015

Total Value ($000): $4,151,543 (100.0% shares, 0.0% debt)

Holdings (37)

AMT AMERICAN TOWER CORP NEW 11.9%

Value ($000) $492,013 Shares 5,274,014 Est. Cost $62.00 Unrealized +17.7%

MKL MARKEL CORP 10.0%

Value ($000) $413,640 Shares 516,611 Est. Cost $555.69 Unrealized +39.9%

MA MASTERCARD INC 9.7%

Value ($000) $404,656 Shares 4,328,795 Est. Cost $70.74 Unrealized +21.7%

MCO MOODYS CORP 9.3%

Value ($000) $384,676 Shares 3,563,131 Est. Cost $54.08 Unrealized +78.9%

DLTR DOLLAR TREE INC 6.8%

Value ($000) $280,529 Shares 3,551,446 Est. Cost $51.10 Unrealized +54.7%

— COLFAX CORP 6.5%

Value ($000) $268,814 Shares 5,824,798 Est. Cost $55.68 Unrealized —

ROP ROPER INDS INC NEW 5.3%

Value ($000) $219,996 Shares 1,275,634 Est. Cost $135.15 Unrealized +20.2%

ORLY O REILLY AUTOMOTIVE INC NEW 4.5%

Value ($000) $187,605 Shares 830,183 Est. Cost $7.38 Unrealized +101.0%

LYV LIVE NATION ENTERTAINMENT IN 4.1%

Value ($000) $172,092 Shares 6,260,154 Est. Cost $16.94 Unrealized +61.2%

V VISA INC 3.7%

Value ($000) $153,320 Shares 2,283,240 Est. Cost $56.30 Unrealized +11.8%

VRSK VERISK ANALYTICS INC 3.5%

Value ($000) $144,590 Shares 1,987,225 Est. Cost $64.45 Unrealized +9.0%

— SBA COMMUNICATIONS CORP 3.3%

Value ($000) $137,964 Shares 1,200,000 Est. Cost $93.06 Unrealized —

DHR DANAHER CORP DEL 3.1%

Value ($000) $128,385 Shares 1,500,000 Est. Cost $30.90 Unrealized +12.8%

— TD AMERITRADE HLDG CORP 2.8%

Value ($000) $116,311 Shares 3,158,900 Est. Cost $24.29 Unrealized —

KMX CARMAX INC 2.7%

Value ($000) $112,557 Shares 1,700,000 Est. Cost $50.72 Unrealized +40.5%

MNRO MONRO MUFFLER BRAKE INC 2.3%

Value ($000) $93,733 Shares 1,507,930 Est. Cost $49.28 Unrealized +26.6%

— ENSTAR GROUP LIMITED 2.1%

Value ($000) $88,306 Shares 569,902 Est. Cost $135.59 Unrealized —

— UBIQUITI NETWORKS INC 2.1%

Value ($000) $85,532 Shares 2,680,000 Est. Cost $32.40 Unrealized —

LPLA LPL FINL HLDGS INC 1.5%

Value ($000) $61,301 Shares 1,318,589 Est. Cost $35.76 Unrealized +21.0%

— AMERICAN TOWER CORP NEW 1.2%

Value ($000) $50,000 Shares 500,000 Est. Cost $100.00 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.0%

Value ($000) $42,795 Shares 314,418 Est. Cost $111.98 Unrealized +27.4%

DHIL DIAMOND HILL INVESTMENT GROU 0.7%

Value ($000) $29,051 Shares 145,500 Est. Cost $41.91 Unrealized +149.3%

LKQ LKQ CORP 0.5%

Value ($000) $21,171 Shares 700,000 Est. Cost $24.95 Unrealized 0.0%

— AMERICAN TOWER CORP NEW 0.2%

Value ($000) $10,195 Shares 100,000 Est. Cost $106.40 Unrealized —

— PRIMO WTR CORP 0.2%

Value ($000) $9,876 Shares 1,726,613 Est. Cost $2.06 Unrealized —

— ANSYS INC 0.2%

Value ($000) $9,151 Shares 100,300 Est. Cost $75.00 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $8,846 Shares 43 Est. Cost $166100.45 Unrealized +29.2%

ALRM ALARM COM HLDGS INC 0.1%

Value ($000) $6,152 Shares 400,000 Est. Cost $16.01 Unrealized 0.0%

— BANK OF AMERICA CORPORATION 0.1%

Value ($000) $4,522 Shares 732,890 Est. Cost $5.49 Unrealized —

— AMERICAN INTL GROUP INC 0.1%

Value ($000) $4,156 Shares 150,000 Est. Cost $27.71 Unrealized —

LAMR LAMAR ADVERTISING CO 0.1%

Value ($000) $3,857 Shares 67,100 Est. Cost $53.64 Unrealized —

— CROWN CASTLE INTL CORP 0.0%

Value ($000) $2,059 Shares 20,000 Est. Cost $102.60 Unrealized —

CSX CSX CORP 0.0%

Value ($000) $1,329 Shares 40,695 Est. Cost $6.66 Unrealized +47.5%

— NUSTAR GP HOLDINGS LLC 0.0%

Value ($000) $1,057 Shares 27,775 Est. Cost $30.84 Unrealized —

WMB WILLIAMS COS INC DEL 0.0%

Value ($000) $926 Shares 16,140 Est. Cost $17.72 Unrealized +58.4%

— ARLINGTON ASSET INVT CORP 0.0%

Value ($000) $196 Shares 10,000 Est. Cost $26.40 Unrealized —

— ANNALY CAP MGMT INC 0.0%

Value ($000) $184 Shares 20,044 Est. Cost $12.15 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	5,274,014	$492,013	11.9%	$62.00	+17.7%	COM	03027X100
MKL	MARKEL CORP	516,611	$413,640	10.0%	$555.69	+39.9%	COM	570535104
MA	MASTERCARD INC	4,328,795	$404,656	9.7%	$70.74	+21.7%	CL A	57636Q104
MCO	MOODYS CORP	3,563,131	$384,676	9.3%	$54.08	+78.9%	COM	615369105
DLTR	DOLLAR TREE INC	3,551,446	$280,529	6.8%	$51.10	+54.7%	COM	256746108
—	COLFAX CORP	5,824,798	$268,814	6.5%	$55.68	—	COM	194014106
ROP	ROPER INDS INC NEW	1,275,634	$219,996	5.3%	$135.15	+20.2%	COM	776696106
ORLY	O REILLY AUTOMOTIVE INC NEW	830,183	$187,605	4.5%	$7.38	+101.0%	COM	67103H107
LYV	LIVE NATION ENTERTAINMENT IN	6,260,154	$172,092	4.1%	$16.94	+61.2%	COM	538034109
V	VISA INC	2,283,240	$153,320	3.7%	$56.30	+11.8%	COM CL A	92826C839
VRSK	VERISK ANALYTICS INC	1,987,225	$144,590	3.5%	$64.45	+9.0%	CL A	92345Y106
—	SBA COMMUNICATIONS CORP	1,200,000	$137,964	3.3%	$93.06	—	COM	78388J106
DHR	DANAHER CORP DEL	1,500,000	$128,385	3.1%	$30.90	+12.8%	COM	235851102
—	TD AMERITRADE HLDG CORP	3,158,900	$116,311	2.8%	$24.29	—	COM	87236Y108
KMX	CARMAX INC	1,700,000	$112,557	2.7%	$50.72	+40.5%	COM	143130102
MNRO	MONRO MUFFLER BRAKE INC	1,507,930	$93,733	2.3%	$49.28	+26.6%	COM	610236101
—	ENSTAR GROUP LIMITED	569,902	$88,306	2.1%	$135.59	—	SHS	G3075P101
—	UBIQUITI NETWORKS INC	2,680,000	$85,532	2.1%	$32.40	—	COM	90347A100
LPLA	LPL FINL HLDGS INC	1,318,589	$61,301	1.5%	$35.76	+21.0%	COM	50212V100
—	AMERICAN TOWER CORP NEW	500,000	$50,000	1.2%	$100.00	—	PFD CONV SER B	03027X407
BRK/B	BERKSHIRE HATHAWAY INC DEL	314,418	$42,795	1.0%	$111.98	+27.4%	CL B NEW	084670702
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$29,051	0.7%	$41.91	+149.3%	COM NEW	25264R207
LKQ	LKQ CORP	700,000	$21,171	0.5%	$24.95	0.0%	COM	501889208
—	AMERICAN TOWER CORP NEW	100,000	$10,195	0.2%	$106.40	—	PFD CONV SER A	03027X308
—	PRIMO WTR CORP	1,726,613	$9,876	0.2%	$2.06	—	COM	74165N105
—	ANSYS INC	100,300	$9,151	0.2%	$75.00	—	COM	03662Q105
BRK/A	BERKSHIRE HATHAWAY INC DEL	43	$8,846	0.2%	$166100.45	+29.2%	CL A	084670108
ALRM	ALARM COM HLDGS INC	400,000	$6,152	0.1%	$16.01	0.0%	COM	011642105
—	BANK OF AMERICA CORPORATION	732,890	$4,522	0.1%	$5.49	—	*W EXP 01/16/201	060505146
—	AMERICAN INTL GROUP INC	150,000	$4,156	0.1%	$27.71	—	W EXP 01/19/202	026874156
LAMR	LAMAR ADVERTISING CO	67,100	$3,857	0.1%	$53.64	—	CL A	512816109
—	CROWN CASTLE INTL CORP	20,000	$2,059	0.0%	$102.60	—	CNV PFD STK SR A	22822V200
CSX	CSX CORP	40,695	$1,329	0.0%	$6.66	+47.5%	COM	126408103
—	NUSTAR GP HOLDINGS LLC	27,775	$1,057	0.0%	$30.84	—	UNIT RESTG LLC	67059L102
WMB	WILLIAMS COS INC DEL	16,140	$926	0.0%	$17.72	+58.4%	COM	969457100
—	ARLINGTON ASSET INVT CORP	10,000	$196	0.0%	$26.40	—	CL A NEW	041356205
—	ANNALY CAP MGMT INC	20,044	$184	0.0%	$12.15	—	COM	035710409