AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

Location: Middleburg, VA

CIK: 0001112520 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Feb 10, 2021

Total Value: $14.8B (100.0% shares, 0.0% debt)

Holdings (28)

MA MASTERCARD INC 14.2%

Value $2.099B Shares 5,880,205 Share Price $356.94 Est. Cost/Share — Unrealized @ Report Date —

MCO MOODYS CORP 11.0%

Value $1.635B Shares 5,632,705 Share Price $290.24 Est. Cost/Share — Unrealized @ Report Date —

AMT AMERICAN TOWER CORP NEW 10.8%

Value $1.601B Shares 7,130,558 Share Price $224.46 Est. Cost/Share — Unrealized @ Report Date —

V VISA INC 7.7%

Value $1.147B Shares 5,242,558 Share Price $218.73 Est. Cost/Share — Unrealized @ Report Date —

CSGP COSTAR GROUP INC 6.0%

Value $893M Shares 965,961 Share Price $924.28 Est. Cost/Share — Unrealized @ Report Date —

ORLY O REILLY AUTOMOTIVE INC NEW 5.6%

Value $833M Shares 1,839,744 Share Price $452.57 Est. Cost/Share — Unrealized @ Report Date —

ROP ROPER INDS INC NEW 5.6%

Value $825M Shares 1,913,007 Share Price $431.09 Est. Cost/Share — Unrealized @ Report Date —

KMX CARMAX INC 4.8%

Value $706M Shares 7,479,242 Share Price $94.46 Est. Cost/Share — Unrealized @ Report Date —

SBAC SBA COMMUNICATIONS CORP 4.7%

Value $695M Shares 2,465,000 Share Price $282.13 Est. Cost/Share — Unrealized @ Report Date —

KKR KKR & CO L P DEL 4.0%

Value $596M Shares 14,726,448 Share Price $40.49 Est. Cost/Share — Unrealized @ Report Date —

ADBE ADOBE INC 3.9%

Value $570M Shares 1,140,000 Share Price $500.12 Est. Cost/Share — Unrealized @ Report Date —

— BROOKFIELD ASSET MGMT INC 3.6%

Value $538M Shares 13,040,575 Share Price $41.27 Est. Cost/Share — Unrealized @ Report Date —

VRSK VERISK ANALYTICS INC 3.4%

Value $509M Shares 2,450,461 Share Price $207.59 Est. Cost/Share — Unrealized @ Report Date —

DLTR DOLLAR TREE INC 3.3%

Value $489M Shares 4,526,552 Share Price $108.04 Est. Cost/Share — Unrealized @ Report Date —

LYV LIVE NATION ENTERTAINMENT IN 2.7%

Value $402M Shares 5,469,400 Share Price $73.48 Est. Cost/Share — Unrealized @ Report Date —

DHR DANAHER CORP DEL 2.5%

Value $368M Shares 1,655,300 Share Price $222.14 Est. Cost/Share — Unrealized @ Report Date —

MKL MARKEL CORP 2.2%

Value $321M Shares 310,600 Share Price $1033.30 Est. Cost/Share — Unrealized @ Report Date —

— ANSYS INC 1.5%

Value $222M Shares 609,764 Share Price $363.80 Est. Cost/Share — Unrealized @ Report Date —

ALRM ALARM COM HLDGS INC 1.4%

Value $205M Shares 1,981,858 Share Price $103.45 Est. Cost/Share — Unrealized @ Report Date —

— COLONY CAP INC NEW 0.3%

Value $51.49M Shares 10,704,800 Share Price $4.81 Est. Cost/Share — Unrealized @ Report Date —

OLLI OLLIES BARGAIN OUTLT HLDGS I 0.3%

Value $40.88M Shares 500,000 Share Price $81.77 Est. Cost/Share — Unrealized @ Report Date —

GSHD GOOSEHEAD INS INC 0.2%

Value $30.36M Shares 243,366 Share Price $124.76 Est. Cost/Share — Unrealized @ Report Date —

DSGX DESCARTES SYS GROUP INC 0.1%

Value $12.12M Shares 207,300 Share Price $58.48 Est. Cost/Share — Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value $4.316M Shares 18,614 Share Price $231.87 Est. Cost/Share — Unrealized @ Report Date —

LAMR LAMAR ADVERTISING CO 0.0%

Value $4.039M Shares 48,530 Share Price $83.23 Est. Cost/Share — Unrealized @ Report Date —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.0%

Value $1.043M Shares 3 Share Price $347666.67 Est. Cost/Share — Unrealized @ Report Date —

— PRIMO WTR CORP 0.0%

Value $469K Shares 29,899 Share Price $15.69 Est. Cost/Share — Unrealized @ Report Date —

TTD THE TRADE DESK INC 0.0%

Value $356K Shares 445 Share Price $800.00 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MA	MASTERCARD INC	5,880,205	$2.099B	14.2%	$356.94	—	—	CL A	57636Q104
MCO	MOODYS CORP	5,632,705	$1.635B	11.0%	$290.24	—	—	COM	615369105
AMT	AMERICAN TOWER CORP NEW	7,130,558	$1.601B	10.8%	$224.46	—	—	COM	03027X100
V	VISA INC	5,242,558	$1.147B	7.7%	$218.73	—	—	COM CL A	92826C839
CSGP	COSTAR GROUP INC	965,961	$893M	6.0%	$924.28	—	—	COM	22160N109
ORLY	O REILLY AUTOMOTIVE INC NEW	1,839,744	$833M	5.6%	$452.57	—	—	COM	67103H107
ROP	ROPER INDS INC NEW	1,913,007	$825M	5.6%	$431.09	—	—	COM	776696106
KMX	CARMAX INC	7,479,242	$706M	4.8%	$94.46	—	—	COM	143130102
SBAC	SBA COMMUNICATIONS CORP	2,465,000	$695M	4.7%	$282.13	—	—	COM	78410G104
KKR	KKR & CO L P DEL	14,726,448	$596M	4.0%	$40.49	—	—	COM UNITS	48251W104
ADBE	ADOBE INC	1,140,000	$570M	3.9%	$500.12	—	—	COM	00724F101
—	BROOKFIELD ASSET MGMT INC	13,040,575	$538M	3.6%	$41.27	—	—	CL A LTD VT SH	112585104
VRSK	VERISK ANALYTICS INC	2,450,461	$509M	3.4%	$207.59	—	—	CL A	92345Y106
DLTR	DOLLAR TREE INC	4,526,552	$489M	3.3%	$108.04	—	—	COM	256746108
LYV	LIVE NATION ENTERTAINMENT IN	5,469,400	$402M	2.7%	$73.48	—	—	COM	538034109
DHR	DANAHER CORP DEL	1,655,300	$368M	2.5%	$222.14	—	—	COM	235851102
MKL	MARKEL CORP	310,600	$321M	2.2%	$1033.30	—	—	COM	570535104
—	ANSYS INC	609,764	$222M	1.5%	$363.80	—	—	COM	03662Q105
ALRM	ALARM COM HLDGS INC	1,981,858	$205M	1.4%	$103.45	—	—	COM	011642105
—	COLONY CAP INC NEW	10,704,800	$51.49M	0.3%	$4.81	—	—	CL A COM	19626G108
OLLI	OLLIES BARGAIN OUTLT HLDGS I	500,000	$40.88M	0.3%	$81.77	—	—	COM	681116109
GSHD	GOOSEHEAD INS INC	243,366	$30.36M	0.2%	$124.76	—	—	COM CL A	38267D109
DSGX	DESCARTES SYS GROUP INC	207,300	$12.12M	0.1%	$58.48	—	—	COM	249906108
BRK/B	BERKSHIRE HATHAWAY INC DEL	18,614	$4.316M	0.0%	$231.87	—	—	CL B NEW	084670702
LAMR	LAMAR ADVERTISING CO	48,530	$4.039M	0.0%	$83.23	—	—	CL A	512816109
BRK/A	BERKSHIRE HATHAWAY INC DEL	3	$1.043M	0.0%	$347666.67	—	—	CL A	084670108
—	PRIMO WTR CORP	29,899	$469K	0.0%	$15.69	—	—	COM	74167P108
TTD	THE TRADE DESK INC	445	$356K	0.0%	$800.00	—	—	COM CL A	88339J105