AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

Location: Middleburg, VA

CIK: 0001112520 · Show all filings

Period: Q2 2017 (← Previous) (Next →)

Filing Date: Aug 14, 2017

Total Value: $6.152B (100.0% shares, 0.0% debt)

Holdings (28)

AMT AMERICAN TOWER CORP NEW 14.7%

Value $901M Shares 6,810,903 Est. Cost $65.76 Unrealized +56.4%

MCO MOODYS CORP 11.3%

Value $694M Shares 5,699,676 Est. Cost $68.74 Unrealized +57.5%

MA MASTERCARD INC 10.6%

Value $649M Shares 5,345,399 Est. Cost $75.93 Unrealized +48.9%

MKL MARKEL CORP 8.2%

Value $504M Shares 516,113 Est. Cost $555.69 Unrealized +74.7%

V VISA INC 7.5%

Value $458M Shares 4,889,020 Est. Cost $67.28 Unrealized +30.0%

ROP ROPER INDS INC NEW 5.9%

Value $363M Shares 1,567,365 Est. Cost $140.83 Unrealized +49.4%

DLTR DOLLAR TREE INC 5.5%

Value $339M Shares 4,844,272 Est. Cost $57.58 Unrealized +34.1%

— SBA COMMUNICATIONS CORP 5.4%

Value $333M Shares 2,465,000 Est. Cost $98.63 Unrealized —

KMX CARMAX INC 5.3%

Value $326M Shares 5,170,601 Est. Cost $53.67 Unrealized +12.6%

— ENSTAR GROUP LIMITED 4.7%

Value $289M Shares 1,457,264 Est. Cost $146.75 Unrealized —

ORLY O REILLY AUTOMOTIVE INC NEW 4.2%

Value $261M Shares 1,193,026 Est. Cost $10.14 Unrealized +61.1%

VRSK VERISK ANALYTICS INC 3.6%

Value $220M Shares 2,604,982 Est. Cost $66.25 Unrealized +16.8%

DHR DANAHER CORP DEL 2.3%

Value $140M Shares 1,655,300 Est. Cost $34.23 Unrealized +109.7%

— UBIQUITI NETWORKS INC 2.3%

Value $139M Shares 2,680,000 Est. Cost $32.40 Unrealized —

— TD AMERITRADE HLDG CORP 2.1%

Value $128M Shares 2,967,500 Est. Cost $24.45 Unrealized —

LKQ LKQ CORP 1.9%

Value $117M Shares 3,550,000 Est. Cost $26.59 Unrealized +4.4%

MNRO MONRO MUFFLER BRAKE INC 1.1%

Value $67.75M Shares 1,622,700 Est. Cost $49.63 Unrealized +0.4%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.1%

Value $66.22M Shares 390,974 Est. Cost $118.69 Unrealized +40.1%

— AMERICAN TOWER CORP NEW 1.0%

Value $62.4M Shares 514,748 Est. Cost $99.88 Unrealized —

DHIL DIAMOND HILL INVESTMENT GROU 0.5%

Value $29.01M Shares 145,500 Est. Cost $41.91 Unrealized +179.6%

— PRIMO WTR CORP 0.3%

Value $21.33M Shares 1,679,313 Est. Cost $2.06 Unrealized —

ALRM ALARM COM HLDGS INC 0.2%

Value $15.05M Shares 400,000 Est. Cost $16.01 Unrealized +109.3%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value $10.7M Shares 42 Est. Cost $173634.64 Unrealized +43.8%

— BANK AMER CORP 0.1%

Value $8.824M Shares 732,890 Est. Cost $5.49 Unrealized —

BOC BOSTON OMAHA CORP 0.1%

Value $4.615M Shares 350,000 Est. Cost $15.19 Unrealized 0.0%

LAMR LAMAR ADVERTISING CO 0.1%

Value $3.57M Shares 48,530 Est. Cost $53.64 Unrealized —

— WMIH Corp 0.0%

Value $1.825M Shares 1,460,000 Est. Cost $2.60 Unrealized —

CSX CSX CORP 0.0%

Value $267K Shares 4,899 Est. Cost $6.66 Unrealized +128.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	6,810,903	$901M	14.7%	$65.76	+56.4%	COM	03027X100
MCO	MOODYS CORP	5,699,676	$694M	11.3%	$68.74	+57.5%	COM	615369105
MA	MASTERCARD INC	5,345,399	$649M	10.6%	$75.93	+48.9%	CL A	57636Q104
MKL	MARKEL CORP	516,113	$504M	8.2%	$555.69	+74.7%	COM	570535104
V	VISA INC	4,889,020	$458M	7.5%	$67.28	+30.0%	COM CL A	92826C839
ROP	ROPER INDS INC NEW	1,567,365	$363M	5.9%	$140.83	+49.4%	COM	776696106
DLTR	DOLLAR TREE INC	4,844,272	$339M	5.5%	$57.58	+34.1%	COM	256746108
—	SBA COMMUNICATIONS CORP	2,465,000	$333M	5.4%	$98.63	—	COM	78388J106
KMX	CARMAX INC	5,170,601	$326M	5.3%	$53.67	+12.6%	COM	143130102
—	ENSTAR GROUP LIMITED	1,457,264	$289M	4.7%	$146.75	—	SHS	G3075P101
ORLY	O REILLY AUTOMOTIVE INC NEW	1,193,026	$261M	4.2%	$10.14	+61.1%	COM	67103H107
VRSK	VERISK ANALYTICS INC	2,604,982	$220M	3.6%	$66.25	+16.8%	CL A	92345Y106
DHR	DANAHER CORP DEL	1,655,300	$140M	2.3%	$34.23	+109.7%	COM	235851102
—	UBIQUITI NETWORKS INC	2,680,000	$139M	2.3%	$32.40	—	COM	90347A100
—	TD AMERITRADE HLDG CORP	2,967,500	$128M	2.1%	$24.45	—	COM	87236Y108
LKQ	LKQ CORP	3,550,000	$117M	1.9%	$26.59	+4.4%	COM	501889208
MNRO	MONRO MUFFLER BRAKE INC	1,622,700	$67.75M	1.1%	$49.63	+0.4%	COM	610236101
BRK/B	BERKSHIRE HATHAWAY INC DEL	390,974	$66.22M	1.1%	$118.69	+40.1%	CL B NEW	084670702
—	AMERICAN TOWER CORP NEW	514,748	$62.4M	1.0%	$99.88	—	PFD CONV SER B	03027X407
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$29.01M	0.5%	$41.91	+179.6%	COM NEW	25264R207
—	PRIMO WTR CORP	1,679,313	$21.33M	0.3%	$2.06	—	COM	74165N105
ALRM	ALARM COM HLDGS INC	400,000	$15.05M	0.2%	$16.01	+109.3%	COM	011642105
BRK/A	BERKSHIRE HATHAWAY INC DEL	42	$10.7M	0.2%	$173634.64	+43.8%	CL A	084670108
—	BANK AMER CORP	732,890	$8.824M	0.1%	$5.49	—	W EXP 01/16/201	060505146
BOC	BOSTON OMAHA CORP	350,000	$4.615M	0.1%	$15.19	0.0%	COM	101044105
LAMR	LAMAR ADVERTISING CO	48,530	$3.57M	0.1%	$53.64	—	CL A	512816109
—	WMIH Corp	1,460,000	$1.825M	0.0%	$2.60	—	COM	92936P100
CSX	CSX CORP	4,899	$267K	0.0%	$6.66	+128.6%	COM	126408103