AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q4 2016 (← Previous) (Next →)

Filing Date: May 9, 2017

Total Value ($000): $5,454,349

Holdings (34)

AMT AMERICAN TOWER CORP NEW 13.0%

Value ($000) $708,213 Shares 6,701,490 Est. Cost $65.14 Unrealized +32.5%

MA MASTERCARD INC 8.9%

Value ($000) $485,419 Shares 4,701,391 Est. Cost $72.15 Unrealized +36.2%

MKL MARKEL CORP 8.5%

Value ($000) $464,858 Shares 513,939 Est. Cost $555.69 Unrealized +60.5%

MCO MOODYS CORP 8.1%

Value ($000) $439,361 Shares 4,660,664 Est. Cost $62.15 Unrealized +49.1%

KMX CARMAX INC 6.1%

Value ($000) $332,090 Shares 5,157,481 Est. Cost $53.67 Unrealized +4.5%

DLTR DOLLAR TREE INC 5.9%

Value ($000) $323,131 Shares 4,186,715 Est. Cost $54.55 Unrealized +47.5%

— ENSTAR GROUP LIMITED 5.2%

Value ($000) $286,222 Shares 1,447,760 Est. Cost $146.75 Unrealized —

ROP ROPER INDS INC NEW 5.2%

Value ($000) $285,521 Shares 1,559,542 Est. Cost $140.83 Unrealized +20.6%

V VISA INC 5.2%

Value ($000) $282,584 Shares 3,621,940 Est. Cost $62.51 Unrealized +20.7%

— SBA COMMUNICATIONS CORP 4.7%

Value ($000) $254,536 Shares 2,465,000 Est. Cost $98.63 Unrealized —

ORLY O REILLY AUTOMOTIVE INC NEW 4.2%

Value ($000) $229,374 Shares 823,873 Est. Cost $7.38 Unrealized +147.6%

VRSK VERISK ANALYTICS INC 3.8%

Value ($000) $209,791 Shares 2,584,593 Est. Cost $66.25 Unrealized +18.2%

— COLFAX CORP 3.1%

Value ($000) $168,871 Shares 4,700,000 Est. Cost $49.29 Unrealized —

— UBIQUITI NETWORKS INC 2.8%

Value ($000) $154,904 Shares 2,680,000 Est. Cost $32.40 Unrealized —

— TD AMERITRADE HLDG CORP 2.4%

Value ($000) $129,383 Shares 2,967,500 Est. Cost $24.45 Unrealized —

DHR DANAHER CORP DEL 2.4%

Value ($000) $128,849 Shares 1,655,300 Est. Cost $34.23 Unrealized +93.9%

DG DOLLAR GEN CORP NEW 2.0%

Value ($000) $111,105 Shares 1,500,000 Est. Cost $64.89 Unrealized 0.0%

LKQ LKQ CORP 2.0%

Value ($000) $108,807 Shares 3,550,000 Est. Cost $26.59 Unrealized +10.1%

MNRO MONRO MUFFLER BRAKE INC 1.6%

Value ($000) $87,094 Shares 1,522,630 Est. Cost $49.28 Unrealized +16.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.1%

Value ($000) $62,566 Shares 383,889 Est. Cost $117.86 Unrealized +30.6%

— AMERICAN TOWER CORP NEW 1.0%

Value ($000) $53,791 Shares 514,748 Est. Cost $99.88 Unrealized —

FTV FORTIVE CORP 0.7%

Value ($000) $40,222 Shares 750,000 Est. Cost $30.87 Unrealized +3.2%

DHIL DIAMOND HILL INVESTMENT GROU 0.6%

Value ($000) $30,610 Shares 145,500 Est. Cost $41.91 Unrealized +169.0%

— PRIMO WTR CORP 0.4%

Value ($000) $20,622 Shares 1,679,313 Est. Cost $2.06 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $12,694 Shares 52 Est. Cost $173634.64 Unrealized +32.9%

ALRM ALARM COM HLDGS INC 0.2%

Value ($000) $11,132 Shares 400,000 Est. Cost $16.01 Unrealized +81.3%

— AMERICAN TOWER CORP NEW 0.2%

Value ($000) $10,482 Shares 100,000 Est. Cost $106.40 Unrealized —

DLTH DULUTH HLDGS INC 0.2%

Value ($000) $8,926 Shares 351,400 Est. Cost $15.09 Unrealized +91.7%

— 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) $3,263 Shares 48,530 Est. Cost $53.64 Unrealized —

— AMERICAN INTL GROUP INC 0.0%

Value ($000) $2,480 Shares 105,728 Est. Cost $24.16 Unrealized —

— WMIH Corp 0.0%

Value ($000) $2,263 Shares 1,460,000 Est. Cost $2.60 Unrealized —

CSX CSX CORP 0.0%

Value ($000) $1,393 Shares 38,781 Est. Cost $6.66 Unrealized +48.3%

DIS DISNEY WALT CO 0.0%

Value ($000) $406 Shares 3,891 Est. Cost $90.71 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	6,701,490	$708,213	13.0%	$65.14	+32.5%	—	03027X100
MA	MASTERCARD INC	4,701,391	$485,419	8.9%	$72.15	+36.2%	—	57636Q104
MKL	MARKEL CORP	513,939	$464,858	8.5%	$555.69	+60.5%	—	570535104
MCO	MOODYS CORP	4,660,664	$439,361	8.1%	$62.15	+49.1%	—	615369105
KMX	CARMAX INC	5,157,481	$332,090	6.1%	$53.67	+4.5%	—	143130102
DLTR	DOLLAR TREE INC	4,186,715	$323,131	5.9%	$54.55	+47.5%	—	256746108
—	ENSTAR GROUP LIMITED	1,447,760	$286,222	5.2%	$146.75	—	—	G3075P101
ROP	ROPER INDS INC NEW	1,559,542	$285,521	5.2%	$140.83	+20.6%	—	776696106
V	VISA INC	3,621,940	$282,584	5.2%	$62.51	+20.7%	—	92826C839
—	SBA COMMUNICATIONS CORP	2,465,000	$254,536	4.7%	$98.63	—	—	78388J106
ORLY	O REILLY AUTOMOTIVE INC NEW	823,873	$229,374	4.2%	$7.38	+147.6%	—	67103H107
VRSK	VERISK ANALYTICS INC	2,584,593	$209,791	3.8%	$66.25	+18.2%	—	92345Y106
—	COLFAX CORP	4,700,000	$168,871	3.1%	$49.29	—	—	194014106
—	UBIQUITI NETWORKS INC	2,680,000	$154,904	2.8%	$32.40	—	—	90347A100
—	TD AMERITRADE HLDG CORP	2,967,500	$129,383	2.4%	$24.45	—	—	87236Y108
DHR	DANAHER CORP DEL	1,655,300	$128,849	2.4%	$34.23	+93.9%	—	235851102
DG	DOLLAR GEN CORP NEW	1,500,000	$111,105	2.0%	$64.89	0.0%	—	256677105
LKQ	LKQ CORP	3,550,000	$108,807	2.0%	$26.59	+10.1%	—	501889208
MNRO	MONRO MUFFLER BRAKE INC	1,522,630	$87,094	1.6%	$49.28	+16.9%	—	610236101
BRK/B	BERKSHIRE HATHAWAY INC DEL	383,889	$62,566	1.1%	$117.86	+30.6%	—	084670702
—	AMERICAN TOWER CORP NEW	514,748	$53,791	1.0%	$99.88	—	—	03027X407
FTV	FORTIVE CORP	750,000	$40,222	0.7%	$30.87	+3.2%	—	34959J108
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$30,610	0.6%	$41.91	+169.0%	—	25264R207
—	PRIMO WTR CORP	1,679,313	$20,622	0.4%	$2.06	—	—	74165N105
BRK/A	BERKSHIRE HATHAWAY INC DEL	52	$12,694	0.2%	$173634.64	+32.9%	—	084670108
ALRM	ALARM COM HLDGS INC	400,000	$11,132	0.2%	$16.01	+81.3%	—	011642105
—	AMERICAN TOWER CORP NEW	100,000	$10,482	0.2%	$106.40	—	—	03027X308
DLTH	DULUTH HLDGS INC	351,400	$8,926	0.2%	$15.09	+91.7%	—	26443V101
—	BANK OF AMERICA CORPORATION	732,890	$3,386	0.1%	$5.49	—	—	060505146
LAMR	LAMAR ADVERTISING CO	48,530	$3,263	0.1%	$53.64	—	—	512816109
—	AMERICAN INTL GROUP INC	105,728	$2,480	0.0%	$24.16	—	—	026874156
—	WMIH Corp	1,460,000	$2,263	0.0%	$2.60	—	—	92936P100
CSX	CSX CORP	38,781	$1,393	0.0%	$6.66	+48.3%	—	126408103
DIS	DISNEY WALT CO	3,891	$406	0.0%	$90.71	0.0%	—	254687106