AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q3 2017 (← Previous) (Next →)

Filing Date: Nov 14, 2017

Total Value ($000): $6,843,007 (100.0% shares, 0.0% debt)

Holdings (26)

AMT AMERICAN TOWER CORP NEW 13.6%

Value ($000) $928,129 Shares 6,790,527 Est. Cost $65.76 Unrealized +70.8%

MCO MOODYS CORP 11.6%

Value ($000) $791,309 Shares 5,684,286 Est. Cost $68.74 Unrealized +77.4%

MA MASTERCARD INC 11.0%

Value ($000) $751,902 Shares 5,325,084 Est. Cost $75.93 Unrealized +66.4%

MKL MARKEL CORP 8.0%

Value ($000) $548,245 Shares 513,348 Est. Cost $555.69 Unrealized +86.1%

V VISA INC 7.5%

Value ($000) $514,520 Shares 4,889,020 Est. Cost $67.28 Unrealized +42.3%

DLTR DOLLAR TREE INC 6.1%

Value ($000) $420,017 Shares 4,837,794 Est. Cost $57.58 Unrealized +32.5%

ORLY O REILLY AUTOMOTIVE INC NEW 6.0%

Value ($000) $407,830 Shares 1,893,626 Est. Cost $11.27 Unrealized +17.1%

KMX CARMAX INC 5.7%

Value ($000) $390,764 Shares 5,154,513 Est. Cost $53.67 Unrealized +24.2%

ROP ROPER INDS INC NEW 5.5%

Value ($000) $378,333 Shares 1,554,366 Est. Cost $140.83 Unrealized +58.8%

— SBA COMMUNICATIONS CORP 5.2%

Value ($000) $355,083 Shares 2,465,000 Est. Cost $98.63 Unrealized —

— ENSTAR GROUP LIMITED 4.7%

Value ($000) $321,362 Shares 1,445,300 Est. Cost $146.75 Unrealized —

VRSK VERISK ANALYTICS INC 3.1%

Value ($000) $214,709 Shares 2,580,946 Est. Cost $66.25 Unrealized +19.5%

— UBIQUITI NETWORKS INC 2.2%

Value ($000) $150,134 Shares 2,680,000 Est. Cost $32.40 Unrealized —

— TD AMERITRADE HLDG CORP 2.1%

Value ($000) $144,814 Shares 2,967,500 Est. Cost $24.45 Unrealized —

DHR DANAHER CORP DEL 2.1%

Value ($000) $141,992 Shares 1,655,300 Est. Cost $34.23 Unrealized +107.6%

LKQ LKQ CORP 1.7%

Value ($000) $113,368 Shares 3,150,000 Est. Cost $26.59 Unrealized +15.1%

MNRO MONRO MUFFLER BRAKE INC 1.3%

Value ($000) $89,680 Shares 1,600,000 Est. Cost $49.63 Unrealized -5.3%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%

Value ($000) $52,687 Shares 287,403 Est. Cost $118.69 Unrealized +48.9%

— AMERICAN TOWER CORP NEW 0.6%

Value ($000) $38,389 Shares 314,457 Est. Cost $99.88 Unrealized —

DHIL DIAMOND HILL INVESTMENT GROU 0.5%

Value ($000) $30,897 Shares 145,500 Est. Cost $41.91 Unrealized +177.4%

— PRIMO WTR CORP 0.3%

Value ($000) $20,215 Shares 1,705,868 Est. Cost $2.21 Unrealized —

ALRM ALARM COM HLDGS INC 0.3%

Value ($000) $18,072 Shares 400,000 Est. Cost $16.01 Unrealized +158.5%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $11,539 Shares 42 Est. Cost $173634.64 Unrealized +52.8%

BOC BOSTON OMAHA CORP 0.1%

Value ($000) $5,425 Shares 350,000 Est. Cost $15.19 Unrealized -6.0%

LAMR LAMAR ADVERTISING CO 0.0%

Value ($000) $3,326 Shares 48,530 Est. Cost $53.64 Unrealized —

CSX CSX CORP 0.0%

Value ($000) $266 Shares 4,899 Est. Cost $6.66 Unrealized +129.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	6,790,527	$928,129	13.6%	$65.76	+70.8%	COM	03027X100
MCO	MOODYS CORP	5,684,286	$791,309	11.6%	$68.74	+77.4%	COM	615369105
MA	MASTERCARD INC	5,325,084	$751,902	11.0%	$75.93	+66.4%	CL A	57636Q104
MKL	MARKEL CORP	513,348	$548,245	8.0%	$555.69	+86.1%	COM	570535104
V	VISA INC	4,889,020	$514,520	7.5%	$67.28	+42.3%	COM CL A	92826C839
DLTR	DOLLAR TREE INC	4,837,794	$420,017	6.1%	$57.58	+32.5%	COM	256746108
ORLY	O REILLY AUTOMOTIVE INC NEW	1,893,626	$407,830	6.0%	$11.27	+17.1%	COM	67103H107
KMX	CARMAX INC	5,154,513	$390,764	5.7%	$53.67	+24.2%	COM	143130102
ROP	ROPER INDS INC NEW	1,554,366	$378,333	5.5%	$140.83	+58.8%	COM	776696106
—	SBA COMMUNICATIONS CORP	2,465,000	$355,083	5.2%	$98.63	—	COM	78388J106
—	ENSTAR GROUP LIMITED	1,445,300	$321,362	4.7%	$146.75	—	SHS	G3075P101
VRSK	VERISK ANALYTICS INC	2,580,946	$214,709	3.1%	$66.25	+19.5%	CL A	92345Y106
—	UBIQUITI NETWORKS INC	2,680,000	$150,134	2.2%	$32.40	—	COM	90347A100
—	TD AMERITRADE HLDG CORP	2,967,500	$144,814	2.1%	$24.45	—	COM	87236Y108
DHR	DANAHER CORP DEL	1,655,300	$141,992	2.1%	$34.23	+107.6%	COM	235851102
LKQ	LKQ CORP	3,150,000	$113,368	1.7%	$26.59	+15.1%	COM	501889208
MNRO	MONRO MUFFLER BRAKE INC	1,600,000	$89,680	1.3%	$49.63	-5.3%	COM	610236101
BRK/B	BERKSHIRE HATHAWAY INC DEL	287,403	$52,687	0.8%	$118.69	+48.9%	CL B NEW	084670702
—	AMERICAN TOWER CORP NEW	314,457	$38,389	0.6%	$99.88	—	PFD CONV SER B	03027X407
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$30,897	0.5%	$41.91	+177.4%	COM NEW	25264R207
—	PRIMO WTR CORP	1,705,868	$20,215	0.3%	$2.21	—	COM	74165N105
ALRM	ALARM COM HLDGS INC	400,000	$18,072	0.3%	$16.01	+158.5%	COM	011642105
BRK/A	BERKSHIRE HATHAWAY INC DEL	42	$11,539	0.2%	$173634.64	+52.8%	CL A	084670108
BOC	BOSTON OMAHA CORP	350,000	$5,425	0.1%	$15.19	-6.0%	COM	101044105
LAMR	LAMAR ADVERTISING CO	48,530	$3,326	0.0%	$53.64	—	CL A	512816109
CSX	CSX CORP	4,899	$266	0.0%	$6.66	+129.8%	COM	126408103