Akre Capital Management, LLC Buys Adobe Inc, Live Nation Entertainment Inc, Brookfield Asset Management Inc, Sells Berkshire Hathaway Inc, Berkshire Hathaway Inc

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May 11, 2020
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Investment company Akre Capital Management, LLC (Current Portfolio) buys Adobe Inc, Live Nation Entertainment Inc, Brookfield Asset Management Inc, CoStar Group Inc, CarMax Inc, sells Berkshire Hathaway Inc, Berkshire Hathaway Inc during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Akre Capital Management, LLC. As of 2020Q1, Akre Capital Management, LLC owns 28 stocks with a total value of $10.3 billion. These are the details of the buys and sells.

For the details of Chuck Akre's stock buys and sells, go to https://www.gurufocus.com/guru/chuck+akre/current-portfolio/portfolio

These are the top 5 holdings of Chuck Akre
  1. American Tower Corp (AMT) - 7,041,629 shares, 14.90% of the total portfolio. Shares reduced by 2.01%
  2. Mastercard Inc (MA) - 5,786,287 shares, 13.58% of the total portfolio. Shares added by 8.62%
  3. Moody's Corporation (MCO) - 5,638,341 shares, 11.58% of the total portfolio. Shares reduced by 0.76%
  4. Visa Inc (V) - 5,243,370 shares, 8.21% of the total portfolio. Shares added by 7.29%
  5. SBA Communications Corp (SBAC) - 2,465,000 shares, 6.46% of the total portfolio.
New Purchase: Adobe Inc (ADBE)

Akre Capital Management, LLC initiated holding in Adobe Inc. The purchase prices were between $285 and $383.28, with an estimated average price of $342.56. The stock is now traded at around $371.42. The impact to a portfolio due to this purchase was 3.52%. The holding were 1,140,000 shares as of .

New Purchase: Live Nation Entertainment Inc (LYV)

Akre Capital Management, LLC initiated holding in Live Nation Entertainment Inc. The purchase prices were between $29.5 and $76.08, with an estimated average price of $62.33. The stock is now traded at around $40.59. The impact to a portfolio due to this purchase was 2.42%. The holding were 5,481,238 shares as of .

New Purchase: Primo Water Corp (PRMW)

Akre Capital Management, LLC initiated holding in Primo Water Corp. The purchase prices were between $7.03 and $15.88, with an estimated average price of $13.65. The stock is now traded at around $10.67. The impact to a portfolio due to this purchase was 0.14%. The holding were 1,580,878 shares as of .

New Purchase: Marriott International Inc (MAR)

Akre Capital Management, LLC initiated holding in Marriott International Inc. The purchase prices were between $63.81 and $151.49, with an estimated average price of $125.54. The stock is now traded at around $82.31. The impact to a portfolio due to this purchase was 0.01%. The holding were 7,500 shares as of .

Added: Brookfield Asset Management Inc (BAM)

Akre Capital Management, LLC added to a holding in Brookfield Asset Management Inc by 72.66%. The purchase prices were between $22.05 and $45.53, with an estimated average price of $38.6. The stock is now traded at around $33.67. The impact to a portfolio due to this purchase was 1.3%. The holding were 10,791,000 shares as of .

Added: CoStar Group Inc (CSGP)

Akre Capital Management, LLC added to a holding in CoStar Group Inc by 75.32%. The purchase prices were between $523.37 and $740.12, with an estimated average price of $652.12. The stock is now traded at around $663.80. The impact to a portfolio due to this purchase was 1.07%. The holding were 438,312 shares as of .

Added: CarMax Inc (KMX)

Akre Capital Management, LLC added to a holding in CarMax Inc by 21.38%. The purchase prices were between $44.27 and $101.9, with an estimated average price of $85.04. The stock is now traded at around $75.96. The impact to a portfolio due to this purchase was 0.75%. The holding were 8,190,371 shares as of .

Added: Ansys Inc (ANSS)

Akre Capital Management, LLC added to a holding in Ansys Inc by 186.22%. The purchase prices were between $204.46 and $296.14, with an estimated average price of $258.5. The stock is now traded at around $265.85. The impact to a portfolio due to this purchase was 0.69%. The holding were 468,656 shares as of .

Added: Ollie's Bargain Outlet Holdings Inc (OLLI)

Akre Capital Management, LLC added to a holding in Ollie's Bargain Outlet Holdings Inc by 369.76%. The purchase prices were between $34.25 and $65.31, with an estimated average price of $51.6. The stock is now traded at around $73.23. The impact to a portfolio due to this purchase was 0.18%. The holding were 500,000 shares as of .

Added: The Descartes Systems Group Inc (DSGX)

Akre Capital Management, LLC added to a holding in The Descartes Systems Group Inc by 314.60%. The purchase prices were between $29.14 and $46.97, with an estimated average price of $41.75. The stock is now traded at around $45.25. The impact to a portfolio due to this purchase was 0.05%. The holding were 207,300 shares as of .

Reduced: Berkshire Hathaway Inc (BRK.B)

Akre Capital Management, LLC reduced to a holding in Berkshire Hathaway Inc by 83.45%. The sale prices were between $162.13 and $230.2, with an estimated average price of $213.25. The stock is now traded at around $174.64. The impact to a portfolio due to this sale was -0.49%. Akre Capital Management, LLC still held 47,216 shares as of .

Reduced: Berkshire Hathaway Inc (BRK.A)

Akre Capital Management, LLC reduced to a holding in Berkshire Hathaway Inc by 92.86%. The sale prices were between $240000 and $344970, with an estimated average price of $319779. The stock is now traded at around $261601.17. The impact to a portfolio due to this sale was -0.12%. Akre Capital Management, LLC still held 3 shares as of .



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