AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

Location: Middleburg, VA

CIK: 0001112520 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 11, 2020

Total Value: $10.29B (100.0% shares, 0.0% debt)

Holdings (28)

AMT AMERICAN TOWER CORP NEW 14.9%

Value $1.533B Shares 7,041,629 Share Price $217.75 Est. Cost/Share — Unrealized @ Report Date —

MA MASTERCARD INC 13.6%

Value $1.398B Shares 5,786,287 Share Price $241.56 Est. Cost/Share — Unrealized @ Report Date —

MCO MOODYS CORP 11.6%

Value $1.193B Shares 5,638,341 Share Price $211.50 Est. Cost/Share — Unrealized @ Report Date —

V VISA INC 8.2%

Value $845M Shares 5,243,370 Share Price $161.12 Est. Cost/Share — Unrealized @ Report Date —

SBAC SBA COMMUNICATIONS CORP 6.5%

Value $665M Shares 2,465,000 Share Price $269.97 Est. Cost/Share — Unrealized @ Report Date —

ORLY O REILLY AUTOMOTIVE INC NEW 5.4%

Value $555M Shares 1,842,974 Share Price $301.05 Est. Cost/Share — Unrealized @ Report Date —

ROP ROPER INDS INC NEW 5.2%

Value $532M Shares 1,705,110 Share Price $311.81 Est. Cost/Share — Unrealized @ Report Date —

MKL MARKEL CORP 4.5%

Value $462M Shares 497,391 Share Price $927.89 Est. Cost/Share — Unrealized @ Report Date —

KMX CARMAX INC 4.3%

Value $441M Shares 8,190,371 Share Price $53.83 Est. Cost/Share — Unrealized @ Report Date —

ADBE ADOBE INC 3.5%

Value $363M Shares 1,140,000 Share Price $318.24 Est. Cost/Share — Unrealized @ Report Date —

VRSK VERISK ANALYTICS INC 3.3%

Value $341M Shares 2,449,047 Share Price $139.38 Est. Cost/Share — Unrealized @ Report Date —

DLTR DOLLAR TREE INC 3.2%

Value $334M Shares 4,552,230 Share Price $73.47 Est. Cost/Share — Unrealized @ Report Date —

KKR KKR & CO L P DEL 3.2%

Value $333M Shares 14,187,536 Share Price $23.47 Est. Cost/Share — Unrealized @ Report Date —

— BROOKFIELD ASSET MGMT INC 3.1%

Value $318M Shares 7,194,000 Share Price $44.25 Est. Cost/Share — Unrealized @ Report Date —

CSGP COSTAR GROUP INC 2.5%

Value $257M Shares 438,312 Share Price $587.21 Est. Cost/Share — Unrealized @ Report Date —

LYV LIVE NATION ENTERTAINMENT IN 2.4%

Value $249M Shares 5,481,238 Share Price $45.46 Est. Cost/Share — Unrealized @ Report Date —

DHR DANAHER CORP DEL 2.2%

Value $229M Shares 1,655,300 Share Price $138.41 Est. Cost/Share — Unrealized @ Report Date —

— ANSYS INC 1.1%

Value $109M Shares 468,656 Share Price $232.47 Est. Cost/Share — Unrealized @ Report Date —

ALRM ALARM COM HLDGS INC 0.7%

Value $68.93M Shares 1,771,470 Share Price $38.91 Est. Cost/Share — Unrealized @ Report Date —

OLLI OLLIES BARGAIN OUTLT HLDGS I 0.2%

Value $23.17M Shares 500,000 Share Price $46.34 Est. Cost/Share — Unrealized @ Report Date —

— PRIMO WTR CORP 0.1%

Value $14.32M Shares 1,580,878 Share Price $9.06 Est. Cost/Share — Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value $8.633M Shares 47,216 Share Price $182.84 Est. Cost/Share — Unrealized @ Report Date —

GSHD GOOSEHEAD INS INC 0.1%

Value $7.684M Shares 172,168 Share Price $44.63 Est. Cost/Share — Unrealized @ Report Date —

DSGX DESCARTES SYS GROUP INC 0.1%

Value $7.129M Shares 207,300 Share Price $34.39 Est. Cost/Share — Unrealized @ Report Date —

— COLONY CAP INC NEW 0.0%

Value $2.622M Shares 1,498,382 Share Price $1.75 Est. Cost/Share — Unrealized @ Report Date —

LAMR LAMAR ADVERTISING CO 0.0%

Value $2.489M Shares 48,530 Share Price $51.29 Est. Cost/Share — Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.0%

Value $816K Shares 3 Share Price $272000.00 Est. Cost/Share — Unrealized @ Report Date —

MAR MARRIOTT INTL INC NEW 0.0%

Value $561K Shares 7,500 Share Price $74.80 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	7,041,629	$1.533B	14.9%	$217.75	—	—	COM	03027X100
MA	MASTERCARD INC	5,786,287	$1.398B	13.6%	$241.56	—	—	CL A	57636Q104
MCO	MOODYS CORP	5,638,341	$1.193B	11.6%	$211.50	—	—	COM	615369105
V	VISA INC	5,243,370	$845M	8.2%	$161.12	—	—	COM CL A	92826C839
SBAC	SBA COMMUNICATIONS CORP	2,465,000	$665M	6.5%	$269.97	—	—	COM	78410G104
ORLY	O REILLY AUTOMOTIVE INC NEW	1,842,974	$555M	5.4%	$301.05	—	—	COM	67103H107
ROP	ROPER INDS INC NEW	1,705,110	$532M	5.2%	$311.81	—	—	COM	776696106
MKL	MARKEL CORP	497,391	$462M	4.5%	$927.89	—	—	COM	570535104
KMX	CARMAX INC	8,190,371	$441M	4.3%	$53.83	—	—	COM	143130102
ADBE	ADOBE INC	1,140,000	$363M	3.5%	$318.24	—	—	COM	00724F101
VRSK	VERISK ANALYTICS INC	2,449,047	$341M	3.3%	$139.38	—	—	CL A	92345Y106
DLTR	DOLLAR TREE INC	4,552,230	$334M	3.2%	$73.47	—	—	COM	256746108
KKR	KKR & CO L P DEL	14,187,536	$333M	3.2%	$23.47	—	—	COM UNITS	48251W104
—	BROOKFIELD ASSET MGMT INC	7,194,000	$318M	3.1%	$44.25	—	—	CL A LTD VT SH	112585104
CSGP	COSTAR GROUP INC	438,312	$257M	2.5%	$587.21	—	—	COM	22160N109
LYV	LIVE NATION ENTERTAINMENT IN	5,481,238	$249M	2.4%	$45.46	—	—	COM	538034109
DHR	DANAHER CORP DEL	1,655,300	$229M	2.2%	$138.41	—	—	COM	235851102
—	ANSYS INC	468,656	$109M	1.1%	$232.47	—	—	COM	03662Q105
ALRM	ALARM COM HLDGS INC	1,771,470	$68.93M	0.7%	$38.91	—	—	COM	011642105
OLLI	OLLIES BARGAIN OUTLT HLDGS I	500,000	$23.17M	0.2%	$46.34	—	—	COM	681116109
—	PRIMO WTR CORP	1,580,878	$14.32M	0.1%	$9.06	—	—	COM	74167P108
BRK/B	BERKSHIRE HATHAWAY INC DEL	47,216	$8.633M	0.1%	$182.84	—	—	CL B NEW	084670702
GSHD	GOOSEHEAD INS INC	172,168	$7.684M	0.1%	$44.63	—	—	COM CL A	38267D109
DSGX	DESCARTES SYS GROUP INC	207,300	$7.129M	0.1%	$34.39	—	—	COM	249906108
—	COLONY CAP INC NEW	1,498,382	$2.622M	0.0%	$1.75	—	—	CL A COM	19626G108
LAMR	LAMAR ADVERTISING CO	48,530	$2.489M	0.0%	$51.29	—	—	CL A	512816109
BRK/A	BERKSHIRE HATHAWAY INC DEL	3	$816K	0.0%	$272000.00	—	—	CL A	084670108
MAR	MARRIOTT INTL INC NEW	7,500	$561K	0.0%	$74.80	—	—	CL A	571903202