AKRE CAPITAL MANAGEMENT LLC Long-Term Concentrated

CIK: 0001112520 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $9,120,743 (100.0% shares, 0.0% debt)

Holdings (18)

Increased Positions (6)

CSGP COSTAR GROUP INC 7.1%

Value ($000) $646,701 (-17.6%) Shares 9,617,805 (+3.3%) Est. Cost $83.31 Unrealized -15.0%

CPRT COPART INC 3.4%

Value ($000) $308,031 (+61.7%) Shares 7,867,967 (+85.7%) Est. Cost $45.86 Unrealized -9.6%

BN BROOKFIELD CORP 13.5%

Value ($000) $1,231,854 (-6.5%) Shares 26,843,633 (+39.7%) Est. Cost $28.90 Unrealized +57.6%

FICO FAIR ISAAC CORP 5.1%

Value ($000) $469,054 (+20.2%) Shares 277,445 (+6.4%) Est. Cost $1529.16 Unrealized +12.6%

CCC CCC INTELLIGENT SOLUTIONS HL 2.2%

Value ($000) $197,454 (+33.2%) Shares 24,836,984 (+52.7%) Est. Cost $9.84 Unrealized -17.3%

GSHD GOOSEHEAD INS INC 0.3%

Value ($000) $27,331 (+0.3%) Shares 371,096 (+1.4%) Est. Cost $59.30 Unrealized +20.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CSGP	COSTAR GROUP INC	9,617,805 (+3.3%)	$646,701 (-17.6%)	7.1%	$83.31	-15.0%	COM	22160N109
CPRT	COPART INC	7,867,967 (+85.7%)	$308,031 (+61.7%)	3.4%	$45.86	-9.6%	COM	217204106
BN	BROOKFIELD CORP	26,843,633 (+39.7%)	$1,231,854 (-6.5%)	13.5%	$28.90	+57.6%	CL A LTD VT SH	11271J107
FICO	FAIR ISAAC CORP	277,445 (+6.4%)	$469,054 (+20.2%)	5.1%	$1529.16	+12.6%	COM	303250104
CCC	CCC INTELLIGENT SOLUTIONS HL	24,836,984 (+52.7%)	$197,454 (+33.2%)	2.2%	$9.84	-17.3%	COM	12510Q100
GSHD	GOOSEHEAD INS INC	371,096 (+1.4%)	$27,331 (+0.3%)	0.3%	$59.30	+20.1%	COM CL A	38267D109

Exited Positions (1)

VRSK VERISK ANALYTICS INC 0.0%

Value ($000) $2,082 Shares 8,279 Est. Cost $66.25 Unrealized +240.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VRSK	VERISK ANALYTICS INC	8,279	$2,082	0.0%	$66.25	+240.1%	—	92345Y106

Decreased Positions (9)

ORLY OREILLY AUTOMOTIVE INC 6.7%

Value ($000) $612,915 (-34.0%) Shares 6,719,819 (-22.0%) Est. Cost $83.84 Unrealized +16.5%

DHR DANAHER CORPORATION 0.2%

Value ($000) $15,914 (-90.8%) Shares 69,516 (-92.1%) Est. Cost $48.64 Unrealized +351.3%

MCO MOODYS CORP 9.7%

Value ($000) $886,443 (-12.2%) Shares 1,735,231 (-18.1%) Est. Cost $68.74 Unrealized +609.0%

— KKR & CO L P DEL 11.3%

Value ($000) $1,033,359 (-8.7%) Shares 8,106,049 (-7.0%) Est. Cost $50.04 Unrealized —

ROP ROPER TECHNOLOGIES INC 5.4%

Value ($000) $491,937 (-14.7%) Shares 1,105,153 (-4.5%) Est. Cost $183.01 Unrealized +152.5%

MA MASTERCARD INCORPORATED 18.8%

Value ($000) $1,715,654 (-4.4%) Shares 3,005,280 (-4.8%) Est. Cost $95.75 Unrealized +483.8%

V VISA INC 10.3%

Value ($000) $938,720 (-7.5%) Shares 2,676,628 (-10.0%) Est. Cost $74.98 Unrealized +354.0%

AMT AMERICAN TOWER CORP NEW 0.5%

Value ($000) $44,817 (-47.4%) Shares 255,267 (-42.4%) Est. Cost $70.68 Unrealized +155.1%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $5,983 (-14.9%) Shares 11,902 (-14.9%) Est. Cost $126.67 Unrealized +292.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORLY	OREILLY AUTOMOTIVE INC	6,719,819 (-22.0%)	$612,915 (-34.0%)	6.7%	$83.84	+16.5%	COM	67103H107
DHR	DANAHER CORPORATION	69,516 (-92.1%)	$15,914 (-90.8%)	0.2%	$48.64	+351.3%	COM	235851102
MCO	MOODYS CORP	1,735,231 (-18.1%)	$886,443 (-12.2%)	9.7%	$68.74	+609.0%	COM	615369105
—	KKR & CO L P DEL	8,106,049 (-7.0%)	$1,033,359 (-8.7%)	11.3%	$50.04	—	COM UNITS	48251w104
ROP	ROPER TECHNOLOGIES INC	1,105,153 (-4.5%)	$491,937 (-14.7%)	5.4%	$183.01	+152.5%	COM	776696106
MA	MASTERCARD INCORPORATED	3,005,280 (-4.8%)	$1,715,654 (-4.4%)	18.8%	$95.75	+483.8%	CL A	57636Q104
V	VISA INC	2,676,628 (-10.0%)	$938,720 (-7.5%)	10.3%	$74.98	+354.0%	COM CL A	92826C839
AMT	AMERICAN TOWER CORP NEW	255,267 (-42.4%)	$44,817 (-47.4%)	0.5%	$70.68	+155.1%	COM	03027X100
BRK/B	BERKSHIRE HATHAWAY INC DEL	11,902 (-14.9%)	$5,983 (-14.9%)	0.1%	$126.67	+292.8%	CL B NEW	084670702

Unchanged Positions (3)

ABNB AIRBNB INC 5.2%

Value ($000) $471,389 Shares 3,473,243 Est. Cost $135.75 Unrealized -8.3%

KMX CARMAX INC 0.1%

Value ($000) $5,819 Shares 150,600 Est. Cost $65.34 Unrealized -38.8%

SOPH SOPHIA GENETICS SA 0.2%

Value ($000) $17,368 Shares 3,719,140 Est. Cost $4.05 Unrealized +11.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ABNB	AIRBNB INC	3,473,243	$471,389	5.2%	$135.75	-8.3%	COM CL A	009066101
KMX	CARMAX INC	150,600	$5,819	0.1%	$65.34	-38.8%	COM	143130102
SOPH	SOPHIA GENETICS SA	3,719,140	$17,368	0.2%	$4.05	+11.9%	ORDINARY SHARES	H82027105