AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q4 2018 (← Previous) (Next →)

Filing Date: Feb 14, 2019

Total Value ($000): $7,900,677 (100.0% shares, 0.0% debt)

Holdings (25)

AMT AMERICAN TOWER CORP NEW 14.2%

Value ($000) $1,117,996 Shares 7,067,428 Est. Cost $67.59 Unrealized +91.6%

MA MASTERCARD INC 12.7%

Value ($000) $1,004,941 Shares 5,327,015 Est. Cost $75.93 Unrealized +151.4%

MCO MOODYS CORP 10.1%

Value ($000) $795,675 Shares 5,681,771 Est. Cost $68.74 Unrealized +106.3%

ORLY O REILLY AUTOMOTIVE INC NEW 8.2%

Value ($000) $649,808 Shares 1,887,165 Est. Cost $11.27 Unrealized +102.0%

V VISA INC 8.2%

Value ($000) $644,826 Shares 4,887,270 Est. Cost $67.28 Unrealized +95.3%

MKL MARKEL CORP 6.7%

Value ($000) $532,592 Shares 513,070 Est. Cost $555.69 Unrealized +96.8%

DLTR DOLLAR TREE INC 5.8%

Value ($000) $459,362 Shares 5,085,935 Est. Cost $59.23 Unrealized +42.6%

ROP ROPER INDS INC NEW 5.3%

Value ($000) $417,681 Shares 1,567,164 Est. Cost $140.83 Unrealized +92.5%

— SBA COMMUNICATIONS CORP 5.1%

Value ($000) $399,059 Shares 2,465,000 Est. Cost $98.63 Unrealized —

KMX CARMAX INC 4.6%

Value ($000) $362,403 Shares 5,777,181 Est. Cost $54.99 Unrealized +20.0%

VRSK VERISK ANALYTICS INC 3.5%

Value ($000) $277,337 Shares 2,543,442 Est. Cost $66.25 Unrealized +68.7%

— UBIQUITI NETWORKS INC 3.4%

Value ($000) $266,419 Shares 2,680,000 Est. Cost $32.40 Unrealized —

KKR KKR & CO L P DEL 3.1%

Value ($000) $248,361 Shares 12,652,100 Est. Cost $20.38 Unrealized +3.3%

DHR DANAHER CORP DEL 2.2%

Value ($000) $170,695 Shares 1,655,300 Est. Cost $34.23 Unrealized +156.8%

— TD AMERITRADE HLDG CORP 2.1%

Value ($000) $164,016 Shares 3,350,000 Est. Cost $27.25 Unrealized —

— ENSTAR GROUP LIMITED 1.9%

Value ($000) $149,844 Shares 894,216 Est. Cost $146.75 Unrealized —

— FOCUS FINL PARTNERS INC 1.0%

Value ($000) $78,200 Shares 2,970,000 Est. Cost $45.89 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.7%

Value ($000) $58,405 Shares 286,046 Est. Cost $118.69 Unrealized +76.0%

— PRIMO WTR CORP 0.5%

Value ($000) $39,862 Shares 2,845,220 Est. Cost $7.96 Unrealized —

ALRM ALARM COM HLDGS INC 0.4%

Value ($000) $31,162 Shares 600,770 Est. Cost $24.61 Unrealized +96.4%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $12,852 Shares 42 Est. Cost $173634.64 Unrealized +80.3%

DHIL DIAMOND HILL INVESTMENT GROU 0.1%

Value ($000) $9,841 Shares 65,848 Est. Cost $41.91 Unrealized +143.9%

BOC BOSTON OMAHA CORP 0.1%

Value ($000) $5,672 Shares 242,396 Est. Cost $15.19 Unrealized +71.5%

LAMR LAMAR ADVERTISING CO 0.0%

Value ($000) $3,357 Shares 48,530 Est. Cost $53.64 Unrealized —

GSHD GOOSEHEAD INS INC 0.0%

Value ($000) $311 Shares 11,831 Est. Cost $27.84 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	7,067,428	$1,117,996	14.2%	$67.59	+91.6%	COM	03027X100
MA	MASTERCARD INC	5,327,015	$1,004,941	12.7%	$75.93	+151.4%	CL A	57636Q104
MCO	MOODYS CORP	5,681,771	$795,675	10.1%	$68.74	+106.3%	COM	615369105
ORLY	O REILLY AUTOMOTIVE INC NEW	1,887,165	$649,808	8.2%	$11.27	+102.0%	COM	67103H107
V	VISA INC	4,887,270	$644,826	8.2%	$67.28	+95.3%	COM CL A	92826C839
MKL	MARKEL CORP	513,070	$532,592	6.7%	$555.69	+96.8%	COM	570535104
DLTR	DOLLAR TREE INC	5,085,935	$459,362	5.8%	$59.23	+42.6%	COM	256746108
ROP	ROPER INDS INC NEW	1,567,164	$417,681	5.3%	$140.83	+92.5%	COM	776696106
—	SBA COMMUNICATIONS CORP	2,465,000	$399,059	5.1%	$98.63	—	COM	78388J106
KMX	CARMAX INC	5,777,181	$362,403	4.6%	$54.99	+20.0%	COM	143130102
VRSK	VERISK ANALYTICS INC	2,543,442	$277,337	3.5%	$66.25	+68.7%	CL A	92345Y106
—	UBIQUITI NETWORKS INC	2,680,000	$266,419	3.4%	$32.40	—	COM	90347A100
KKR	KKR & CO L P DEL	12,652,100	$248,361	3.1%	$20.38	+3.3%	COM UNITS	48251W104
DHR	DANAHER CORP DEL	1,655,300	$170,695	2.2%	$34.23	+156.8%	COM	235851102
—	TD AMERITRADE HLDG CORP	3,350,000	$164,016	2.1%	$27.25	—	COM	87236Y108
—	ENSTAR GROUP LIMITED	894,216	$149,844	1.9%	$146.75	—	SHS	G3075P101
—	FOCUS FINL PARTNERS INC	2,970,000	$78,200	1.0%	$45.89	—	COM CL A	34417P100
BRK/B	BERKSHIRE HATHAWAY INC DEL	286,046	$58,405	0.7%	$118.69	+76.0%	CL B NEW	084670702
—	PRIMO WTR CORP	2,845,220	$39,862	0.5%	$7.96	—	COM	74165N105
ALRM	ALARM COM HLDGS INC	600,770	$31,162	0.4%	$24.61	+96.4%	COM	011642105
BRK/A	BERKSHIRE HATHAWAY INC DEL	42	$12,852	0.2%	$173634.64	+80.3%	CL A	084670108
DHIL	DIAMOND HILL INVESTMENT GROU	65,848	$9,841	0.1%	$41.91	+143.9%	COM NEW	25264R207
BOC	BOSTON OMAHA CORP	242,396	$5,672	0.1%	$15.19	+71.5%	COM	101044105
LAMR	LAMAR ADVERTISING CO	48,530	$3,357	0.0%	$53.64	—	CL A	512816109
GSHD	GOOSEHEAD INS INC	11,831	$311	0.0%	$27.84	0.0%	COM CL A	38267D109