AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q3 2016 (← Previous) (Next →)

Filing Date: Nov 15, 2016

Total Value ($000): $5,208,830 (100.0% shares, 0.0% debt)

Holdings (33)

AMT AMERICAN TOWER CORP NEW 13.7%

Value ($000) $714,074 Shares 6,300,836 Est. Cost $63.79 Unrealized +41.7%

MA MASTERCARD INC 9.2%

Value ($000) $479,040 Shares 4,707,088 Est. Cost $72.15 Unrealized +25.9%

MKL MARKEL CORP 9.2%

Value ($000) $478,232 Shares 514,909 Est. Cost $555.69 Unrealized +67.9%

MCO MOODYS CORP 8.4%

Value ($000) $437,440 Shares 4,039,894 Est. Cost $57.46 Unrealized +67.4%

DLTR DOLLAR TREE INC 6.3%

Value ($000) $330,395 Shares 4,185,925 Est. Cost $54.55 Unrealized +65.0%

V VISA INC 5.7%

Value ($000) $298,967 Shares 3,615,080 Est. Cost $62.51 Unrealized +20.0%

ROP ROPER INDS INC NEW 5.5%

Value ($000) $284,827 Shares 1,560,952 Est. Cost $140.83 Unrealized +17.1%

KMX CARMAX INC 5.1%

Value ($000) $264,523 Shares 4,958,266 Est. Cost $53.57 Unrealized +5.8%

— ENSTAR GROUP LIMITED 4.6%

Value ($000) $238,543 Shares 1,450,375 Est. Cost $146.75 Unrealized —

ORLY O REILLY AUTOMOTIVE INC NEW 4.4%

Value ($000) $231,552 Shares 826,648 Est. Cost $7.38 Unrealized +154.1%

VRSK VERISK ANALYTICS INC 4.0%

Value ($000) $210,183 Shares 2,585,913 Est. Cost $66.25 Unrealized +19.4%

— SBA COMMUNICATIONS CORP 4.0%

Value ($000) $209,178 Shares 1,865,000 Est. Cost $97.15 Unrealized —

— COLFAX CORP 3.7%

Value ($000) $191,723 Shares 6,100,000 Est. Cost $49.29 Unrealized —

— UBIQUITI NETWORKS INC 2.8%

Value ($000) $143,380 Shares 2,680,000 Est. Cost $32.40 Unrealized —

LKQ LKQ CORP 2.4%

Value ($000) $125,883 Shares 3,550,000 Est. Cost $26.59 Unrealized +17.1%

DHR DANAHER CORP DEL 2.3%

Value ($000) $117,585 Shares 1,500,000 Est. Cost $30.90 Unrealized +117.7%

— TD AMERITRADE HLDG CORP 2.0%

Value ($000) $104,575 Shares 2,967,500 Est. Cost $24.45 Unrealized —

MNRO MONRO MUFFLER BRAKE INC 1.8%

Value ($000) $92,240 Shares 1,507,930 Est. Cost $49.28 Unrealized +23.1%

— AMERICAN TOWER CORP NEW 1.1%

Value ($000) $56,409 Shares 514,732 Est. Cost $99.88 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.1%

Value ($000) $55,681 Shares 385,414 Est. Cost $117.86 Unrealized +24.1%

FTV FORTIVE CORP 0.7%

Value ($000) $38,175 Shares 750,000 Est. Cost $30.87 Unrealized 0.0%

DHIL DIAMOND HILL INVESTMENT GROU 0.5%

Value ($000) $26,887 Shares 145,500 Est. Cost $41.91 Unrealized +158.6%

— PRIMO WTR CORP 0.4%

Value ($000) $20,370 Shares 1,679,313 Est. Cost $2.06 Unrealized —

ALRM ALARM COM HLDGS INC 0.2%

Value ($000) $11,544 Shares 400,000 Est. Cost $16.01 Unrealized +74.1%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $11,243 Shares 52 Est. Cost $173634.64 Unrealized +26.3%

— AMERICAN TOWER CORP NEW 0.2%

Value ($000) $11,148 Shares 100,000 Est. Cost $106.40 Unrealized —

DLTH DULUTH HLDGS INC 0.2%

Value ($000) $9,278 Shares 350,000 Est. Cost $15.09 Unrealized +80.8%

— WMIH Corp 0.1%

Value ($000) $3,510 Shares 1,500,000 Est. Cost $2.60 Unrealized —

— BANK OF AMERICA CORPORATION 0.1%

Value ($000) $3,386 Shares 732,890 Est. Cost $5.49 Unrealized —

LAMR LAMAR ADVERTISING CO 0.1%

Value ($000) $3,220 Shares 49,297 Est. Cost $53.64 Unrealized —

— CROWN CASTLE INTL CORP 0.0%

Value ($000) $2,260 Shares 20,000 Est. Cost $102.60 Unrealized —

— AMERICAN INTL GROUP INC 0.0%

Value ($000) $2,197 Shares 103,628 Est. Cost $24.17 Unrealized —

CSX CSX CORP 0.0%

Value ($000) $1,182 Shares 38,781 Est. Cost $6.66 Unrealized +24.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	6,300,836	$714,074	13.7%	$63.79	+41.7%	COM	03027X100
MA	MASTERCARD INC	4,707,088	$479,040	9.2%	$72.15	+25.9%	CL A	57636Q104
MKL	MARKEL CORP	514,909	$478,232	9.2%	$555.69	+67.9%	COM	570535104
MCO	MOODYS CORP	4,039,894	$437,440	8.4%	$57.46	+67.4%	COM	615369105
DLTR	DOLLAR TREE INC	4,185,925	$330,395	6.3%	$54.55	+65.0%	COM	256746108
V	VISA INC	3,615,080	$298,967	5.7%	$62.51	+20.0%	COM CL A	92826C839
ROP	ROPER INDS INC NEW	1,560,952	$284,827	5.5%	$140.83	+17.1%	COM	776696106
KMX	CARMAX INC	4,958,266	$264,523	5.1%	$53.57	+5.8%	COM	143130102
—	ENSTAR GROUP LIMITED	1,450,375	$238,543	4.6%	$146.75	—	SHS	G3075P101
ORLY	O REILLY AUTOMOTIVE INC NEW	826,648	$231,552	4.4%	$7.38	+154.1%	COM	67103H107
VRSK	VERISK ANALYTICS INC	2,585,913	$210,183	4.0%	$66.25	+19.4%	CL A	92345Y106
—	SBA COMMUNICATIONS CORP	1,865,000	$209,178	4.0%	$97.15	—	COM	78388J106
—	COLFAX CORP	6,100,000	$191,723	3.7%	$49.29	—	COM	194014106
—	UBIQUITI NETWORKS INC	2,680,000	$143,380	2.8%	$32.40	—	COM	90347A100
LKQ	LKQ CORP	3,550,000	$125,883	2.4%	$26.59	+17.1%	COM	501889208
DHR	DANAHER CORP DEL	1,500,000	$117,585	2.3%	$30.90	+117.7%	COM	235851102
—	TD AMERITRADE HLDG CORP	2,967,500	$104,575	2.0%	$24.45	—	COM	87236Y108
MNRO	MONRO MUFFLER BRAKE INC	1,507,930	$92,240	1.8%	$49.28	+23.1%	COM	610236101
—	AMERICAN TOWER CORP NEW	514,732	$56,409	1.1%	$99.88	—	PFD CONV SER B	03027X407
BRK/B	BERKSHIRE HATHAWAY INC DEL	385,414	$55,681	1.1%	$117.86	+24.1%	CL B NEW	084670702
FTV	FORTIVE CORP	750,000	$38,175	0.7%	$30.87	0.0%	COM	34959J108
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$26,887	0.5%	$41.91	+158.6%	COM NEW	25264R207
—	PRIMO WTR CORP	1,679,313	$20,370	0.4%	$2.06	—	COM	74165N105
ALRM	ALARM COM HLDGS INC	400,000	$11,544	0.2%	$16.01	+74.1%	COM	011642105
BRK/A	BERKSHIRE HATHAWAY INC DEL	52	$11,243	0.2%	$173634.64	+26.3%	CL A	084670108
—	AMERICAN TOWER CORP NEW	100,000	$11,148	0.2%	$106.40	—	PFD CONV SER A	03027X308
DLTH	DULUTH HLDGS INC	350,000	$9,278	0.2%	$15.09	+80.8%	COM CL B	26443V101
—	WMIH Corp	1,500,000	$3,510	0.1%	$2.60	—	COM	92936P100
—	BANK OF AMERICA CORPORATION	732,890	$3,386	0.1%	$5.49	—	*W EXP 01/16/201	060505146
LAMR	LAMAR ADVERTISING CO	49,297	$3,220	0.1%	$53.64	—	CL A	512816109
—	CROWN CASTLE INTL CORP	20,000	$2,260	0.0%	$102.60	—	CNV PFD STK SR A	22822V200
—	AMERICAN INTL GROUP INC	103,628	$2,197	0.0%	$24.17	—	W EXP 01/19/202	026874156
CSX	CSX CORP	38,781	$1,182	0.0%	$6.66	+24.4%	COM	126408103