AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

Location: Middleburg, VA

CIK: 0001112520 · Show all filings

Period: Q2 2016 (← Previous) (Next →)

Filing Date: Aug 18, 2017

Total Value: $4.961B (100.0% shares, 0.0% debt)

Holdings (33)

AMT AMERICAN TOWER CORP NEW 14.4%

Value $715M Shares 6,294,196 Est. Cost $63.79 Unrealized +31.3%

MKL MARKEL CORP 9.9%

Value $490M Shares 514,150 Est. Cost $555.69 Unrealized +67.6%

MA MASTERCARD INC 8.3%

Value $414M Shares 4,700,118 Est. Cost $72.15 Unrealized +25.1%

DLTR DOLLAR TREE INC 7.9%

Value $394M Shares 4,180,340 Est. Cost $54.55 Unrealized +55.1%

MCO MOODYS CORP 7.6%

Value $378M Shares 4,034,967 Est. Cost $57.46 Unrealized +53.3%

V VISA INC 5.4%

Value $268M Shares 3,615,080 Est. Cost $62.51 Unrealized +17.1%

ROP ROPER INDS INC NEW 5.2%

Value $256M Shares 1,499,141 Est. Cost $139.84 Unrealized +18.0%

KMX CARMAX INC 4.9%

Value $243M Shares 4,958,266 Est. Cost $53.57 Unrealized -4.1%

— ENSTAR GROUP LIMITED 4.7%

Value $234M Shares 1,446,559 Est. Cost $146.75 Unrealized —

ORLY O REILLY AUTOMOTIVE INC NEW 4.5%

Value $223M Shares 824,295 Est. Cost $7.38 Unrealized +139.7%

VRSK VERISK ANALYTICS INC 4.2%

Value $210M Shares 2,584,998 Est. Cost $66.25 Unrealized +13.2%

— SBA COMMUNICATIONS CORP 4.1%

Value $201M Shares 1,865,000 Est. Cost $97.15 Unrealized —

— COLFAX CORP 3.3%

Value $161M Shares 6,100,000 Est. Cost $49.29 Unrealized —

DHR DANAHER CORP DEL 3.1%

Value $152M Shares 1,500,000 Est. Cost $30.90 Unrealized +29.7%

LKQ LKQ CORP 2.3%

Value $113M Shares 3,550,000 Est. Cost $26.59 Unrealized +9.7%

— UBIQUITI NETWORKS INC 2.1%

Value $104M Shares 2,680,000 Est. Cost $32.40 Unrealized —

MNRO MONRO MUFFLER BRAKE INC 1.9%

Value $95.84M Shares 1,507,930 Est. Cost $49.28 Unrealized +34.2%

— TD AMERITRADE HLDG CORP 1.7%

Value $84.5M Shares 2,967,500 Est. Cost $24.45 Unrealized —

— AMERICAN TOWER CORP NEW 1.2%

Value $57.85M Shares 515,032 Est. Cost $99.88 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.1%

Value $55.5M Shares 383,304 Est. Cost $117.86 Unrealized +21.3%

DHIL DIAMOND HILL INVESTMENT GROU 0.6%

Value $27.41M Shares 145,500 Est. Cost $41.91 Unrealized +146.9%

— PRIMO WTR CORP 0.4%

Value $19.83M Shares 1,679,313 Est. Cost $2.06 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value $11.28M Shares 52 Est. Cost $173634.64 Unrealized +23.5%

— AMERICAN TOWER CORP NEW 0.2%

Value $11.25M Shares 100,000 Est. Cost $106.40 Unrealized —

ALRM ALARM COM HLDGS INC 0.2%

Value $10.25M Shares 400,000 Est. Cost $16.01 Unrealized +40.6%

— ANSYS INC 0.2%

Value $9.102M Shares 100,300 Est. Cost $75.00 Unrealized —

DLTH DULUTH HLDGS INC 0.2%

Value $8.561M Shares 350,000 Est. Cost $15.09 Unrealized +55.7%

— WMIH Corp 0.1%

Value $3.33M Shares 1,500,000 Est. Cost $2.60 Unrealized —

LAMR LAMAR ADVERTISING CO 0.1%

Value $3.268M Shares 49,297 Est. Cost $53.64 Unrealized —

— BANK OF AMERICA CORPORATION 0.1%

Value $2.55M Shares 732,890 Est. Cost $5.49 Unrealized —

— CROWN CASTLE INTL CORP 0.0%

Value $2.42M Shares 20,000 Est. Cost $102.60 Unrealized —

— AMERICAN INTL GROUP INC 0.0%

Value $1.937M Shares 103,628 Est. Cost $24.17 Unrealized —

CSX CSX CORP 0.0%

Value $1.011M Shares 38,781 Est. Cost $6.66 Unrealized +13.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	6,294,196	$715M	14.4%	$63.79	+31.3%	COM	03027X100
MKL	MARKEL CORP	514,150	$490M	9.9%	$555.69	+67.6%	COM	570535104
MA	MASTERCARD INC	4,700,118	$414M	8.3%	$72.15	+25.1%	CL A	57636Q104
DLTR	DOLLAR TREE INC	4,180,340	$394M	7.9%	$54.55	+55.1%	COM	256746108
MCO	MOODYS CORP	4,034,967	$378M	7.6%	$57.46	+53.3%	COM	615369105
V	VISA INC	3,615,080	$268M	5.4%	$62.51	+17.1%	COM CL A	92826C839
ROP	ROPER INDS INC NEW	1,499,141	$256M	5.2%	$139.84	+18.0%	COM	776696106
KMX	CARMAX INC	4,958,266	$243M	4.9%	$53.57	-4.1%	COM	143130102
—	ENSTAR GROUP LIMITED	1,446,559	$234M	4.7%	$146.75	—	SHS	G3075P101
ORLY	O REILLY AUTOMOTIVE INC NEW	824,295	$223M	4.5%	$7.38	+139.7%	COM	67103H107
VRSK	VERISK ANALYTICS INC	2,584,998	$210M	4.2%	$66.25	+13.2%	CL A	92345Y106
—	SBA COMMUNICATIONS CORP	1,865,000	$201M	4.1%	$97.15	—	COM	78388J106
—	COLFAX CORP	6,100,000	$161M	3.3%	$49.29	—	COM	194014106
DHR	DANAHER CORP DEL	1,500,000	$152M	3.1%	$30.90	+29.7%	COM	235851102
LKQ	LKQ CORP	3,550,000	$113M	2.3%	$26.59	+9.7%	COM	501889208
—	UBIQUITI NETWORKS INC	2,680,000	$104M	2.1%	$32.40	—	COM	90347A100
MNRO	MONRO MUFFLER BRAKE INC	1,507,930	$95.84M	1.9%	$49.28	+34.2%	COM	610236101
—	TD AMERITRADE HLDG CORP	2,967,500	$84.5M	1.7%	$24.45	—	COM	87236Y108
—	AMERICAN TOWER CORP NEW	515,032	$57.85M	1.2%	$99.88	—	PFD CONV SER B	03027X407
BRK/B	BERKSHIRE HATHAWAY INC DEL	383,304	$55.5M	1.1%	$117.86	+21.3%	CL B NEW	084670702
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$27.41M	0.6%	$41.91	+146.9%	COM NEW	25264R207
—	PRIMO WTR CORP	1,679,313	$19.83M	0.4%	$2.06	—	COM	74165N105
BRK/A	BERKSHIRE HATHAWAY INC DEL	52	$11.28M	0.2%	$173634.64	+23.5%	CL A	084670108
—	AMERICAN TOWER CORP NEW	100,000	$11.25M	0.2%	$106.40	—	PFD CONV SER A	03027X308
ALRM	ALARM COM HLDGS INC	400,000	$10.25M	0.2%	$16.01	+40.6%	COM	011642105
—	ANSYS INC	100,300	$9.102M	0.2%	$75.00	—	COM	03662Q105
DLTH	DULUTH HLDGS INC	350,000	$8.561M	0.2%	$15.09	+55.7%	COM CL B	26443V101
—	WMIH Corp	1,500,000	$3.33M	0.1%	$2.60	—	COM	92936P100
LAMR	LAMAR ADVERTISING CO	49,297	$3.268M	0.1%	$53.64	—	CL A	512816109
—	BANK OF AMERICA CORPORATION	732,890	$2.55M	0.1%	$5.49	—	*W EXP 01/16/201	060505146
—	CROWN CASTLE INTL CORP	20,000	$2.42M	0.0%	$102.60	—	CNV PFD STK SR A	22822V200
—	AMERICAN INTL GROUP INC	103,628	$1.937M	0.0%	$24.17	—	W EXP 01/19/202	026874156
CSX	CSX CORP	38,781	$1.011M	0.0%	$6.66	+13.8%	COM	126408103