AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q3 2015 (← Previous) (Next →)

Filing Date: Nov 12, 2015

Total Value ($000): $4,311,230 (100.0% shares, 0.0% debt)

Holdings (35)

AMT AMERICAN TOWER CORP NEW 12.9%

Value ($000) $554,581 Shares 6,303,493 Est. Cost $63.79 Unrealized +14.4%

MA MASTERCARD INC 9.8%

Value ($000) $424,027 Shares 4,705,134 Est. Cost $72.15 Unrealized +22.4%

MKL MARKEL CORP 9.6%

Value ($000) $413,202 Shares 515,304 Est. Cost $555.69 Unrealized +52.2%

MCO MOODYS CORP 8.2%

Value ($000) $354,072 Shares 3,605,620 Est. Cost $54.57 Unrealized +75.7%

DLTR DOLLAR TREE INC 6.4%

Value ($000) $276,520 Shares 4,148,216 Est. Cost $54.55 Unrealized +37.7%

ROP ROPER INDS INC NEW 4.9%

Value ($000) $211,410 Shares 1,349,136 Est. Cost $136.24 Unrealized +13.9%

— COLFAX CORP 4.9%

Value ($000) $210,318 Shares 7,031,709 Est. Cost $51.26 Unrealized —

ORLY O REILLY AUTOMOTIVE INC NEW 4.8%

Value ($000) $206,949 Shares 827,795 Est. Cost $7.38 Unrealized +118.9%

KMX CARMAX INC 3.8%

Value ($000) $164,534 Shares 2,773,660 Est. Cost $55.34 Unrealized +13.2%

V VISA INC 3.7%

Value ($000) $159,050 Shares 2,283,240 Est. Cost $56.30 Unrealized +17.9%

VRSK VERISK ANALYTICS INC 3.7%

Value ($000) $158,236 Shares 2,140,928 Est. Cost $64.94 Unrealized +9.7%

— ENSTAR GROUP LIMITED 3.7%

Value ($000) $157,432 Shares 1,049,549 Est. Cost $142.18 Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 3.5%

Value ($000) $150,494 Shares 6,260,154 Est. Cost $16.94 Unrealized +51.4%

— SBA COMMUNICATIONS CORP 3.3%

Value ($000) $141,399 Shares 1,350,000 Est. Cost $94.36 Unrealized —

DHR DANAHER CORP DEL 3.0%

Value ($000) $127,815 Shares 1,500,000 Est. Cost $30.90 Unrealized +16.5%

— TD AMERITRADE HLDG CORP 2.4%

Value ($000) $102,729 Shares 3,226,400 Est. Cost $24.45 Unrealized —

MNRO MONRO MUFFLER BRAKE INC 2.4%

Value ($000) $101,861 Shares 1,507,930 Est. Cost $49.28 Unrealized +29.8%

— UBIQUITI NETWORKS INC 2.1%

Value ($000) $90,825 Shares 2,680,000 Est. Cost $32.40 Unrealized —

LKQ LKQ CORP 1.7%

Value ($000) $73,027 Shares 2,575,000 Est. Cost $26.70 Unrealized +2.4%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.2%

Value ($000) $53,595 Shares 411,007 Est. Cost $117.86 Unrealized +16.2%

— AMERICAN TOWER CORP NEW 1.2%

Value ($000) $49,653 Shares 515,984 Est. Cost $99.88 Unrealized —

LPLA LPL FINL HLDGS INC 0.7%

Value ($000) $29,847 Shares 750,500 Est. Cost $35.76 Unrealized +20.3%

DHIL DIAMOND HILL INVESTMENT GROU 0.6%

Value ($000) $27,069 Shares 145,500 Est. Cost $41.91 Unrealized +157.1%

— PRIMO WTR CORP 0.3%

Value ($000) $13,036 Shares 1,726,613 Est. Cost $2.06 Unrealized —

— AMERICAN INTL GROUP INC 0.3%

Value ($000) $11,572 Shares 509,800 Est. Cost $24.17 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $10,347 Shares 53 Est. Cost $173634.64 Unrealized +18.7%

— AMERICAN TOWER CORP NEW 0.2%

Value ($000) $9,885 Shares 100,000 Est. Cost $106.40 Unrealized —

— ANSYS INC 0.2%

Value ($000) $8,840 Shares 100,300 Est. Cost $75.00 Unrealized —

ALRM ALARM COM HLDGS INC 0.1%

Value ($000) $4,664 Shares 400,000 Est. Cost $16.01 Unrealized +1.4%

— BANK OF AMERICA CORPORATION 0.1%

Value ($000) $4,199 Shares 732,890 Est. Cost $5.49 Unrealized —

— WMIH Corp 0.1%

Value ($000) $3,900 Shares 1,500,000 Est. Cost $2.60 Unrealized —

LAMR LAMAR ADVERTISING CO 0.1%

Value ($000) $2,870 Shares 55,000 Est. Cost $53.64 Unrealized —

— CROWN CASTLE INTL CORP 0.0%

Value ($000) $2,037 Shares 20,000 Est. Cost $102.60 Unrealized —

CSX CSX CORP 0.0%

Value ($000) $1,095 Shares 40,695 Est. Cost $6.66 Unrealized +25.5%

— ARLINGTON ASSET INVT CORP 0.0%

Value ($000) $140 Shares 10,000 Est. Cost $26.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	6,303,493	$554,581	12.9%	$63.79	+14.4%	COM	03027X100
MA	MASTERCARD INC	4,705,134	$424,027	9.8%	$72.15	+22.4%	CL A	57636Q104
MKL	MARKEL CORP	515,304	$413,202	9.6%	$555.69	+52.2%	COM	570535104
MCO	MOODYS CORP	3,605,620	$354,072	8.2%	$54.57	+75.7%	COM	615369105
DLTR	DOLLAR TREE INC	4,148,216	$276,520	6.4%	$54.55	+37.7%	COM	256746108
ROP	ROPER INDS INC NEW	1,349,136	$211,410	4.9%	$136.24	+13.9%	COM	776696106
—	COLFAX CORP	7,031,709	$210,318	4.9%	$51.26	—	COM	194014106
ORLY	O REILLY AUTOMOTIVE INC NEW	827,795	$206,949	4.8%	$7.38	+118.9%	COM	67103H107
KMX	CARMAX INC	2,773,660	$164,534	3.8%	$55.34	+13.2%	COM	143130102
V	VISA INC	2,283,240	$159,050	3.7%	$56.30	+17.9%	COM CL A	92826C839
VRSK	VERISK ANALYTICS INC	2,140,928	$158,236	3.7%	$64.94	+9.7%	CL A	92345Y106
—	ENSTAR GROUP LIMITED	1,049,549	$157,432	3.7%	$142.18	—	SHS	G3075P101
LYV	LIVE NATION ENTERTAINMENT IN	6,260,154	$150,494	3.5%	$16.94	+51.4%	COM	538034109
—	SBA COMMUNICATIONS CORP	1,350,000	$141,399	3.3%	$94.36	—	COM	78388J106
DHR	DANAHER CORP DEL	1,500,000	$127,815	3.0%	$30.90	+16.5%	COM	235851102
—	TD AMERITRADE HLDG CORP	3,226,400	$102,729	2.4%	$24.45	—	COM	87236Y108
MNRO	MONRO MUFFLER BRAKE INC	1,507,930	$101,861	2.4%	$49.28	+29.8%	COM	610236101
—	UBIQUITI NETWORKS INC	2,680,000	$90,825	2.1%	$32.40	—	COM	90347A100
LKQ	LKQ CORP	2,575,000	$73,027	1.7%	$26.70	+2.4%	COM	501889208
BRK/B	BERKSHIRE HATHAWAY INC DEL	411,007	$53,595	1.2%	$117.86	+16.2%	CL B NEW	084670702
—	AMERICAN TOWER CORP NEW	515,984	$49,653	1.2%	$99.88	—	PFD CONV SER B	03027X407
LPLA	LPL FINL HLDGS INC	750,500	$29,847	0.7%	$35.76	+20.3%	COM	50212V100
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$27,069	0.6%	$41.91	+157.1%	COM NEW	25264R207
—	PRIMO WTR CORP	1,726,613	$13,036	0.3%	$2.06	—	COM	74165N105
—	AMERICAN INTL GROUP INC	509,800	$11,572	0.3%	$24.17	—	W EXP 01/19/202	026874156
BRK/A	BERKSHIRE HATHAWAY INC DEL	53	$10,347	0.2%	$173634.64	+18.7%	CL A	084670108
—	AMERICAN TOWER CORP NEW	100,000	$9,885	0.2%	$106.40	—	PFD CONV SER A	03027X308
—	ANSYS INC	100,300	$8,840	0.2%	$75.00	—	COM	03662Q105
ALRM	ALARM COM HLDGS INC	400,000	$4,664	0.1%	$16.01	+1.4%	COM	011642105
—	BANK OF AMERICA CORPORATION	732,890	$4,199	0.1%	$5.49	—	*W EXP 01/16/201	060505146
—	WMIH Corp	1,500,000	$3,900	0.1%	$2.60	—	COM	92936P100
LAMR	LAMAR ADVERTISING CO	55,000	$2,870	0.1%	$53.64	—	CL A	512816109
—	CROWN CASTLE INTL CORP	20,000	$2,037	0.0%	$102.60	—	CNV PFD STK SR A	22822V200
CSX	CSX CORP	40,695	$1,095	0.0%	$6.66	+25.5%	COM	126408103
—	ARLINGTON ASSET INVT CORP	10,000	$140	0.0%	$26.40	—	CL A NEW	041356205