AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

Location: Middleburg, VA

CIK: 0001112520 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 14, 2018

Total Value: $7.227B (100.0% shares, 0.0% debt)

Holdings (24)

AMT AMERICAN TOWER CORP NEW 13.4%

Value $969M Shares 6,792,187 Share Price $142.67 Est. Cost/Share — Unrealized @ Report Date —

MCO MOODYS CORP 11.6%

Value $839M Shares 5,686,967 Share Price $147.61 Est. Cost/Share — Unrealized @ Report Date —

MA MASTERCARD INC 11.2%

Value $807M Shares 5,329,057 Share Price $151.36 Est. Cost/Share — Unrealized @ Report Date —

MKL MARKEL CORP 8.1%

Value $585M Shares 513,923 Share Price $1139.13 Est. Cost/Share — Unrealized @ Report Date —

V VISA INC 7.7%

Value $557M Shares 4,889,020 Share Price $114.02 Est. Cost/Share — Unrealized @ Report Date —

DLTR DOLLAR TREE INC 7.2%

Value $519M Shares 4,840,619 Share Price $107.31 Est. Cost/Share — Unrealized @ Report Date —

ORLY O REILLY AUTOMOTIVE INC NEW 6.3%

Value $456M Shares 1,894,595 Share Price $240.54 Est. Cost/Share — Unrealized @ Report Date —

ROP ROPER INDS INC NEW 5.6%

Value $403M Shares 1,555,441 Share Price $259.00 Est. Cost/Share — Unrealized @ Report Date —

— SBA COMMUNICATIONS CORP 5.6%

Value $403M Shares 2,465,000 Share Price $163.36 Est. Cost/Share — Unrealized @ Report Date —

KMX CARMAX INC 4.6%

Value $331M Shares 5,153,910 Share Price $64.13 Est. Cost/Share — Unrealized @ Report Date —

— ENSTAR GROUP LIMITED 4.0%

Value $290M Shares 1,446,996 Share Price $200.75 Est. Cost/Share — Unrealized @ Report Date —

VRSK VERISK ANALYTICS INC 3.4%

Value $248M Shares 2,580,065 Share Price $96.00 Est. Cost/Share — Unrealized @ Report Date —

— UBIQUITI NETWORKS INC 2.6%

Value $190M Shares 2,680,000 Share Price $71.02 Est. Cost/Share — Unrealized @ Report Date —

DHR DANAHER CORP DEL 2.1%

Value $154M Shares 1,655,300 Share Price $92.82 Est. Cost/Share — Unrealized @ Report Date —

— TD AMERITRADE HLDG CORP 2.1%

Value $152M Shares 2,967,500 Share Price $51.13 Est. Cost/Share — Unrealized @ Report Date —

LKQ LKQ CORP 1.8%

Value $128M Shares 3,150,000 Share Price $40.67 Est. Cost/Share — Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%

Value $57.12M Shares 288,137 Share Price $198.22 Est. Cost/Share — Unrealized @ Report Date —

— AMERICAN TOWER CORP NEW 0.5%

Value $39.46M Shares 313,782 Share Price $125.75 Est. Cost/Share — Unrealized @ Report Date —

DHIL DIAMOND HILL INVESTMENT GROU 0.4%

Value $30.07M Shares 145,500 Share Price $206.66 Est. Cost/Share — Unrealized @ Report Date —

— PRIMO WTR CORP 0.3%

Value $24.05M Shares 1,913,220 Share Price $12.57 Est. Cost/Share — Unrealized @ Report Date —

ALRM ALARM COM HLDGS INC 0.2%

Value $17.62M Shares 466,698 Share Price $37.75 Est. Cost/Share — Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value $12.5M Shares 42 Share Price $297595.24 Est. Cost/Share — Unrealized @ Report Date —

BOC BOSTON OMAHA CORP 0.2%

Value $11.34M Shares 350,000 Share Price $32.39 Est. Cost/Share — Unrealized @ Report Date —

LAMR LAMAR ADVERTISING CO 0.0%

Value $3.603M Shares 48,530 Share Price $74.24 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	6,792,187	$969M	13.4%	$142.67	—	—	COM	03027X100
MCO	MOODYS CORP	5,686,967	$839M	11.6%	$147.61	—	—	COM	615369105
MA	MASTERCARD INC	5,329,057	$807M	11.2%	$151.36	—	—	CL A	57636Q104
MKL	MARKEL CORP	513,923	$585M	8.1%	$1139.13	—	—	COM	570535104
V	VISA INC	4,889,020	$557M	7.7%	$114.02	—	—	COM CL A	92826C839
DLTR	DOLLAR TREE INC	4,840,619	$519M	7.2%	$107.31	—	—	COM	256746108
ORLY	O REILLY AUTOMOTIVE INC NEW	1,894,595	$456M	6.3%	$240.54	—	—	COM	67103H107
ROP	ROPER INDS INC NEW	1,555,441	$403M	5.6%	$259.00	—	—	COM	776696106
—	SBA COMMUNICATIONS CORP	2,465,000	$403M	5.6%	$163.36	—	—	COM	78388J106
KMX	CARMAX INC	5,153,910	$331M	4.6%	$64.13	—	—	COM	143130102
—	ENSTAR GROUP LIMITED	1,446,996	$290M	4.0%	$200.75	—	—	SHS	G3075P101
VRSK	VERISK ANALYTICS INC	2,580,065	$248M	3.4%	$96.00	—	—	CL A	92345Y106
—	UBIQUITI NETWORKS INC	2,680,000	$190M	2.6%	$71.02	—	—	COM	90347A100
DHR	DANAHER CORP DEL	1,655,300	$154M	2.1%	$92.82	—	—	COM	235851102
—	TD AMERITRADE HLDG CORP	2,967,500	$152M	2.1%	$51.13	—	—	COM	87236Y108
LKQ	LKQ CORP	3,150,000	$128M	1.8%	$40.67	—	—	COM	501889208
BRK/B	BERKSHIRE HATHAWAY INC DEL	288,137	$57.12M	0.8%	$198.22	—	—	CL B NEW	084670702
—	AMERICAN TOWER CORP NEW	313,782	$39.46M	0.5%	$125.75	—	—	PFD CONV SER B	03027X407
DHIL	DIAMOND HILL INVESTMENT GROU	145,500	$30.07M	0.4%	$206.66	—	—	COM NEW	25264R207
—	PRIMO WTR CORP	1,913,220	$24.05M	0.3%	$12.57	—	—	COM	74165N105
ALRM	ALARM COM HLDGS INC	466,698	$17.62M	0.2%	$37.75	—	—	COM	011642105
BRK/A	BERKSHIRE HATHAWAY INC DEL	42	$12.5M	0.2%	$297595.24	—	—	CL A	084670108
BOC	BOSTON OMAHA CORP	350,000	$11.34M	0.2%	$32.39	—	—	COM	101044105
LAMR	LAMAR ADVERTISING CO	48,530	$3.603M	0.0%	$74.24	—	—	CL A	512816109