AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: Feb 14, 2020

Total Value ($000): $10,905,311 (100.0% shares, 0.0% debt)

Holdings (25)

AMT AMERICAN TOWER CORP NEW 15.1%

Value ($000) $1,651,535 Shares 7,186,212 Est. Cost $68.90 Unrealized +166.8%

MA MASTERCARD INC 14.6%

Value ($000) $1,590,544 Shares 5,326,849 Est. Cost $75.93 Unrealized +259.0%

MCO MOODYS CORP 12.4%

Value ($000) $1,348,879 Shares 5,681,643 Est. Cost $68.74 Unrealized +207.2%

V VISA INC 8.4%

Value ($000) $918,318 Shares 4,887,270 Est. Cost $67.28 Unrealized +156.5%

ORLY O REILLY AUTOMOTIVE INC NEW 7.6%

Value ($000) $826,964 Shares 1,886,926 Est. Cost $11.27 Unrealized +153.8%

SBAC SBA COMMUNICATIONS CORP 5.4%

Value ($000) $594,040 Shares 2,465,000 Est. Cost $228.64 Unrealized -4.0%

KMX CARMAX INC 5.4%

Value ($000) $591,567 Shares 6,747,651 Est. Cost $58.91 Unrealized +59.7%

MKL MARKEL CORP 5.4%

Value ($000) $586,176 Shares 512,764 Est. Cost $555.69 Unrealized +105.0%

ROP ROPER INDS INC NEW 5.1%

Value ($000) $555,125 Shares 1,567,132 Est. Cost $140.83 Unrealized +136.5%

DLTR DOLLAR TREE INC 4.4%

Value ($000) $478,233 Shares 5,084,880 Est. Cost $59.23 Unrealized +77.2%

VRSK VERISK ANALYTICS INC 3.5%

Value ($000) $379,942 Shares 2,544,142 Est. Cost $66.25 Unrealized +115.0%

KKR KKR & CO L P DEL 3.4%

Value ($000) $372,058 Shares 12,754,820 Est. Cost $20.38 Unrealized +31.3%

— BROOKFIELD ASSET MGMT INC 3.3%

Value ($000) $361,250 Shares 6,250,000 Est. Cost $53.79 Unrealized —

DHR DANAHER CORP DEL 2.3%

Value ($000) $254,055 Shares 1,655,300 Est. Cost $34.23 Unrealized +259.3%

CSGP COSTAR GROUP INC 1.4%

Value ($000) $149,575 Shares 250,000 Est. Cost $58.38 Unrealized 0.0%

ALRM ALARM COM HLDGS INC 0.6%

Value ($000) $69,074 Shares 1,607,502 Est. Cost $39.31 Unrealized +14.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.6%

Value ($000) $64,630 Shares 285,342 Est. Cost $118.69 Unrealized +83.0%

— ANSYS INC 0.4%

Value ($000) $42,148 Shares 163,740 Est. Cost $257.41 Unrealized —

— PRIMO WTR CORP 0.3%

Value ($000) $36,169 Shares 3,222,200 Est. Cost $8.39 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $14,263 Shares 42 Est. Cost $173634.64 Unrealized +87.6%

GSHD GOOSEHEAD INS INC 0.1%

Value ($000) $7,300 Shares 172,168 Est. Cost $37.27 Unrealized +18.8%

OLLI OLLIES BARGAIN OUTLT HLDGS I 0.1%

Value ($000) $6,951 Shares 106,437 Est. Cost $74.28 Unrealized -14.7%

LAMR LAMAR ADVERTISING CO 0.0%

Value ($000) $4,332 Shares 48,530 Est. Cost $53.64 Unrealized —

DSGX DESCARTES SYS GROUP INC 0.0%

Value ($000) $2,136 Shares 50,000 Est. Cost $37.00 Unrealized +10.3%

— COLONY CAP INC NEW 0.0%

Value ($000) $47 Shares 10,000 Est. Cost $6.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMT	AMERICAN TOWER CORP NEW	7,186,212	$1,651,535	15.1%	$68.90	+166.8%	COM	03027X100
MA	MASTERCARD INC	5,326,849	$1,590,544	14.6%	$75.93	+259.0%	CL A	57636Q104
MCO	MOODYS CORP	5,681,643	$1,348,879	12.4%	$68.74	+207.2%	COM	615369105
V	VISA INC	4,887,270	$918,318	8.4%	$67.28	+156.5%	COM CL A	92826C839
ORLY	O REILLY AUTOMOTIVE INC NEW	1,886,926	$826,964	7.6%	$11.27	+153.8%	COM	67103H107
SBAC	SBA COMMUNICATIONS CORP	2,465,000	$594,040	5.4%	$228.64	-4.0%	COM	78410G104
KMX	CARMAX INC	6,747,651	$591,567	5.4%	$58.91	+59.7%	COM	143130102
MKL	MARKEL CORP	512,764	$586,176	5.4%	$555.69	+105.0%	COM	570535104
ROP	ROPER INDS INC NEW	1,567,132	$555,125	5.1%	$140.83	+136.5%	COM	776696106
DLTR	DOLLAR TREE INC	5,084,880	$478,233	4.4%	$59.23	+77.2%	COM	256746108
VRSK	VERISK ANALYTICS INC	2,544,142	$379,942	3.5%	$66.25	+115.0%	CL A	92345Y106
KKR	KKR & CO L P DEL	12,754,820	$372,058	3.4%	$20.38	+31.3%	COM UNITS	48251W104
—	BROOKFIELD ASSET MGMT INC	6,250,000	$361,250	3.3%	$53.79	—	CL A LTD VT SH	112585104
DHR	DANAHER CORP DEL	1,655,300	$254,055	2.3%	$34.23	+259.3%	COM	235851102
CSGP	COSTAR GROUP INC	250,000	$149,575	1.4%	$58.38	0.0%	COM	22160N109
ALRM	ALARM COM HLDGS INC	1,607,502	$69,074	0.6%	$39.31	+14.7%	COM	011642105
BRK/B	BERKSHIRE HATHAWAY INC DEL	285,342	$64,630	0.6%	$118.69	+83.0%	CL B NEW	084670702
—	ANSYS INC	163,740	$42,148	0.4%	$257.41	—	COM	03662Q105
—	PRIMO WTR CORP	3,222,200	$36,169	0.3%	$8.39	—	COM	74165N105
BRK/A	BERKSHIRE HATHAWAY INC DEL	42	$14,263	0.1%	$173634.64	+87.6%	CL A	084670108
GSHD	GOOSEHEAD INS INC	172,168	$7,300	0.1%	$37.27	+18.8%	COM CL A	38267D109
OLLI	OLLIES BARGAIN OUTLT HLDGS I	106,437	$6,951	0.1%	$74.28	-14.7%	COM	681116109
LAMR	LAMAR ADVERTISING CO	48,530	$4,332	0.0%	$53.64	—	CL A	512816109
DSGX	DESCARTES SYS GROUP INC	50,000	$2,136	0.0%	$37.00	+10.3%	COM	249906108
—	COLONY CAP INC NEW	10,000	$47	0.0%	$6.00	—	CL A COM	19626G108