Value manager Chuck Akre reported his 4th quarter portfolio. As of 12/31/2010, Akre Capital Management, LLC owns 35 stocks with a total value of $477 million. These are the details of the buys and sells.
Chuck Akre has outperformed the market in 9 out of 10 years over the past decade. The only year he underperformed was 2008, when he lost about 43% and the S&P500 lost 37%. Over the past 10 years, his portfolio gained more than 164%, while the market gained just 16%.
After the deep loss in 2008, Chuck Akre appreciate more about macro economy and market valuations. This is also the case with a lot of other value investors, including David Einhorn.
This is the portfolio chart of Chuck Akre. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Chuck Akre
Added: Mastercard Inc. (MA, Financial)
Chuck Akre added to his holdings in Mastercard Inc. by 133.13%. His purchase prices were between $217.4 and $259.35, with an estimated average price of $238.18. The impact to his portfolio due to this purchase was 3.75%. His holdings were 139,880 shares as of 12/31/2010.
MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Inc. has a market cap of $33.18 billion; its shares were traded at around $253.49 with a P/E ratio of 18.04 and P/S ratio of 5.99. The dividend yield of Mastercard Inc. stocks is 0.24%.
Added: American Tower Corp. (AMT, Financial)
Chuck Akre added to his holdings in American Tower Corp. by 19.96%. His purchase prices were between $49.61 and $53.11, with an estimated average price of $51.11. The impact to his portfolio due to this purchase was 2.32%. His holdings were 1,285,775 shares as of 12/31/2010.
American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. American Tower Corp. has a market cap of $22.64 billion; its shares were traded at around $56.73 with a P/E ratio of 64.47 and P/S ratio of 13.13. American Tower Corp. had an annual average earning growth of 9.8% over the past 10 years. GuruFocus rated American Tower Corp. the business predictability rank of 2-star.
Added: Enstar Group Ltd. (ESGR, Financial)
Chuck Akre added to his holdings in Enstar Group Ltd. by 17.13%. His purchase prices were between $71.69 and $89.72, with an estimated average price of $82.88. The impact to his portfolio due to this purchase was 1.2%. His holdings were 463,370 shares as of 12/31/2010.
Enstar Group Inc is engaged in the active search for and acquisition of one or more additional operating businesses. Enstar Group Ltd. has a market cap of $1.08 billion; its shares were traded at around $82.72 with and P/S ratio of 10.63.
Added: Ross Stores Inc. (ROST, Financial)
Chuck Akre added to his holdings in Ross Stores Inc. by 15.24%. His purchase prices were between $54.26 and $65.67, with an estimated average price of $61.47. The impact to his portfolio due to this purchase was 0.99%. His holdings were 563,587 shares as of 12/31/2010.
Ross Stores, Inc. operates a chain of off-price retail apparel and home accessories stores, which target value conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households. Ross Stores Inc. has a market cap of $8.55 billion; its shares were traded at around $71.77 with a P/E ratio of 16.27 and P/S ratio of 1.19. The dividend yield of Ross Stores Inc. stocks is 0.89%. Ross Stores Inc. had an annual average earning growth of 11.3% over the past 10 years. GuruFocus rated Ross Stores Inc. the business predictability rank of 3.5-star.
New Purchase: Techne Corp. (TECH, Financial)
Chuck Akre initiated holdings in Techne Corp.. His purchase prices were between $59.42 and $68.02, with an estimated average price of $62.47. The impact to his portfolio due to this purchase was 0.69%. His holdings were 50,000 shares as of 12/31/2010.
Techne Corporation is a holding company which has two wholly-owned operating subsidiaries: Research and Diagnostic Systems, Inc. Techne Corp. has a market cap of $2.54 billion; its shares were traded at around $68.38 with a P/E ratio of 22.95 and P/S ratio of 9.43. The dividend yield of Techne Corp. stocks is 1.58%. Techne Corp. had an annual average earning growth of 14.9% over the past 10 years. GuruFocus rated Techne Corp. the business predictability rank of 5-star.
New Purchase: Kimberlyclark Corp. (KMB, Financial)
Chuck Akre initiated holdings in Kimberlyclark Corp.. His purchase prices were between $61.29 and $66.86, with an estimated average price of $63.37. The impact to his portfolio due to this purchase was 0.4%. His holdings were 30,000 shares as of 12/31/2010.
Kimberly-Clark Corporation is one of the consumer products companies. Kimberlyclark Corp. has a market cap of $26.85 billion; its shares were traded at around $65.85 with a P/E ratio of 14.07 and P/S ratio of 1.36. The dividend yield of Kimberlyclark Corp. stocks is 4.01%. Kimberlyclark Corp. had an annual average earning growth of 4.5% over the past 10 years. GuruFocus rated Kimberlyclark Corp. the business predictability rank of 2.5-star.
New Purchase: Primo Water Corp. (PRMW)
Chuck Akre initiated holdings in Primo Water Corp.. His purchase prices were between $11.74 and $14.71, with an estimated average price of $12.82. The impact to his portfolio due to this purchase was 0.22%. His holdings were 75,000 shares as of 12/31/2010.
Prime Water Corporation operates as a provider of three- and five-gallon purified bottled water and water dispensers sold through major retailers nationwide. Primo Water Corp. has a market cap of $247.11 million; its shares were traded at around $12.93 .
New Purchase: Lpl Investment Holdings Inc. (LPLA)
Chuck Akre initiated holdings in Lpl Investment Holdings Inc.. His purchase prices were between $32.15 and $36.3, with an estimated average price of $34.23. The impact to his portfolio due to this purchase was 0.15%. His holdings were 20,000 shares as of 12/31/2010.
LPL Investment Holdings is an independent broker- offer proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to independent financial advisors and financial advisors at financial institutions. Lpl Investment Holdings Inc. has a market cap of $3.58 billion; its shares were traded at around $32.95 with and P/S ratio of 1.15.
Reduced: Tradestation Group Inc (TRAD)
Chuck Akre reduced to his holdings in Tradestation Group Inc by 33.33%. His sale prices were between $5.28 and $6.82, with an estimated average price of $6.27. The impact to his portfolio due to this sale was -0.19%. Chuck Akre still held 270,000 shares as of 12/31/2010.
TradeStation Group, Inc., through its operating subsidiary, TradeStation Securities, Inc. Tradestation Group Inc has a market cap of $281.5 million; its shares were traded at around $7.04 with a P/E ratio of 37.05 and P/S ratio of 2.09. Tradestation Group Inc had an annual average earning growth of 14.3% over the past 5 years.
Sold Out: W.r. Berkley Corp. (WRB, Financial)
Chuck Akre sold out his holdings in W.r. Berkley Corp.. His sale prices were between $26.69 and $28.55, with an estimated average price of $27.39.
W. R. Berkley Corporation is an insurance holding company, which through its subsidiaries, operates in all segments of the property casualty insurance business: regional property casualty insurance; reinsurance; specialty lines of insurance; alternative markets; and international. W.r. Berkley Corp. has a market cap of $4.22 billion; its shares were traded at around $29.12 with a P/E ratio of 10.79 and P/S ratio of 0.89. The dividend yield of W.r. Berkley Corp. stocks is 0.96%.
Sold Out: Carter's Inc. (CRI, Financial)
Chuck Akre sold out his holdings in Carter's Inc.. His sale prices were between $24.61 and $32.58, with an estimated average price of $28.91.
Carters Inc markets baby apparel and young children's apparel in the United States. Carter's Inc. has a market cap of $1.64 billion; its shares were traded at around $28.54 with a P/E ratio of 11.55 and P/S ratio of 1.03. Carter's Inc. had an annual average earning growth of 11.8% over the past 5 years.
Sold Out: Greenlight Capital Re Ltd. (GLRE, Financial)
Chuck Akre sold out his holdings in Greenlight Capital Re Ltd.. His sale prices were between $25.38 and $29.79, with an estimated average price of $28.1.
GREENLIGHT CAPITAL REINSURANCE LTD. is an AM Best `A-` (Excellent) rated specialty property and casualty reinsurance company based in the Cayman Islands. Greenlight Capital Re Ltd. has a market cap of $869.49 million; its shares were traded at around $28.79 with a P/E ratio of 11.7 and P/S ratio of 2.07.
Sold Out: Realpage Inc. (RP, Financial)
Chuck Akre sold out his holdings in Realpage Inc.. His sale prices were between $19.43 and $32.8, with an estimated average price of $26.23.
RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. Realpage Inc. has a market cap of $1.92 billion; its shares were traded at around $28.53 .
Sold Out: Exxon Mobil Corp. (XOM, Financial)
Chuck Akre sold out his holdings in Exxon Mobil Corp.. His sale prices were between $62.19 and $73.42, with an estimated average price of $69.07.
Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $417.63 billion; its shares were traded at around $82.82 with a P/E ratio of 13.32 and P/S ratio of 1.09. The dividend yield of Exxon Mobil Corp. stocks is 2.13%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.
Sold Out: Franklin Street Properties Corp (FSP)
Chuck Akre sold out his holdings in Franklin Street Properties Corp. His sale prices were between $12.28 and $14.31, with an estimated average price of $13.19.
Franklin Street Properties Corp operates in two business segments: real estate operations and investment banking/investment services. Franklin Street Properties Corp has a market cap of $1.23 billion; its shares were traded at around $15.38 with a P/E ratio of 17.88 and P/S ratio of 9.56. The dividend yield of Franklin Street Properties Corp stocks is 4.94%.
Chuck Akre has outperformed the market in 9 out of 10 years over the past decade. The only year he underperformed was 2008, when he lost about 43% and the S&P500 lost 37%. Over the past 10 years, his portfolio gained more than 164%, while the market gained just 16%.
After the deep loss in 2008, Chuck Akre appreciate more about macro economy and market valuations. This is also the case with a lot of other value investors, including David Einhorn.
This is the portfolio chart of Chuck Akre. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
- New Purchases: TECH, KMB, PRMW, LPLA,
- Added Positions: MA, AMT, ESGR, ROST,
- Reduced Positions: TRAD,
- Sold Out: WRB, CRI, GLRE, RP, XOM, FSP,
This is the sector weightings of his portfolio:
| Consumer Services | 44.6% |
| Financials | 33% |
| Technology | 13.9% |
| Health Care | 1.6% |
| Oil & Gas | 0.7% |
| Consumer Goods | 0.4% |
| Industrials | 0.2% |
These are the top 5 holdings of Chuck Akre
- AMERICAN TOWER CORP. (AMT) - 1,285,775 shares, 13.92% of the total portfolio. Shares added by 19.96%
- Lamar Advertising Company (LAMR) - 1,239,305 shares, 10.35% of the total portfolio. Shares added by 0.08%
- MARKEL Corp. (MKL) - 115,539 shares, 9.16% of the total portfolio. Shares added by 0.38%
- Enstar Group Ltd. (ESGR) - 463,370 shares, 8.22% of the total portfolio. Shares added by 17.13%
- Ross Stores Inc. (ROST) - 563,587 shares, 7.47% of the total portfolio. Shares added by 15.24%
Added: Mastercard Inc. (MA, Financial)
Chuck Akre added to his holdings in Mastercard Inc. by 133.13%. His purchase prices were between $217.4 and $259.35, with an estimated average price of $238.18. The impact to his portfolio due to this purchase was 3.75%. His holdings were 139,880 shares as of 12/31/2010.
MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Inc. has a market cap of $33.18 billion; its shares were traded at around $253.49 with a P/E ratio of 18.04 and P/S ratio of 5.99. The dividend yield of Mastercard Inc. stocks is 0.24%.
Added: American Tower Corp. (AMT, Financial)
Chuck Akre added to his holdings in American Tower Corp. by 19.96%. His purchase prices were between $49.61 and $53.11, with an estimated average price of $51.11. The impact to his portfolio due to this purchase was 2.32%. His holdings were 1,285,775 shares as of 12/31/2010.
American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. American Tower Corp. has a market cap of $22.64 billion; its shares were traded at around $56.73 with a P/E ratio of 64.47 and P/S ratio of 13.13. American Tower Corp. had an annual average earning growth of 9.8% over the past 10 years. GuruFocus rated American Tower Corp. the business predictability rank of 2-star.
Added: Enstar Group Ltd. (ESGR, Financial)
Chuck Akre added to his holdings in Enstar Group Ltd. by 17.13%. His purchase prices were between $71.69 and $89.72, with an estimated average price of $82.88. The impact to his portfolio due to this purchase was 1.2%. His holdings were 463,370 shares as of 12/31/2010.
Enstar Group Inc is engaged in the active search for and acquisition of one or more additional operating businesses. Enstar Group Ltd. has a market cap of $1.08 billion; its shares were traded at around $82.72 with and P/S ratio of 10.63.
Added: Ross Stores Inc. (ROST, Financial)
Chuck Akre added to his holdings in Ross Stores Inc. by 15.24%. His purchase prices were between $54.26 and $65.67, with an estimated average price of $61.47. The impact to his portfolio due to this purchase was 0.99%. His holdings were 563,587 shares as of 12/31/2010.
Ross Stores, Inc. operates a chain of off-price retail apparel and home accessories stores, which target value conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households. Ross Stores Inc. has a market cap of $8.55 billion; its shares were traded at around $71.77 with a P/E ratio of 16.27 and P/S ratio of 1.19. The dividend yield of Ross Stores Inc. stocks is 0.89%. Ross Stores Inc. had an annual average earning growth of 11.3% over the past 10 years. GuruFocus rated Ross Stores Inc. the business predictability rank of 3.5-star.
New Purchase: Techne Corp. (TECH, Financial)
Chuck Akre initiated holdings in Techne Corp.. His purchase prices were between $59.42 and $68.02, with an estimated average price of $62.47. The impact to his portfolio due to this purchase was 0.69%. His holdings were 50,000 shares as of 12/31/2010.
Techne Corporation is a holding company which has two wholly-owned operating subsidiaries: Research and Diagnostic Systems, Inc. Techne Corp. has a market cap of $2.54 billion; its shares were traded at around $68.38 with a P/E ratio of 22.95 and P/S ratio of 9.43. The dividend yield of Techne Corp. stocks is 1.58%. Techne Corp. had an annual average earning growth of 14.9% over the past 10 years. GuruFocus rated Techne Corp. the business predictability rank of 5-star.
New Purchase: Kimberlyclark Corp. (KMB, Financial)
Chuck Akre initiated holdings in Kimberlyclark Corp.. His purchase prices were between $61.29 and $66.86, with an estimated average price of $63.37. The impact to his portfolio due to this purchase was 0.4%. His holdings were 30,000 shares as of 12/31/2010.
Kimberly-Clark Corporation is one of the consumer products companies. Kimberlyclark Corp. has a market cap of $26.85 billion; its shares were traded at around $65.85 with a P/E ratio of 14.07 and P/S ratio of 1.36. The dividend yield of Kimberlyclark Corp. stocks is 4.01%. Kimberlyclark Corp. had an annual average earning growth of 4.5% over the past 10 years. GuruFocus rated Kimberlyclark Corp. the business predictability rank of 2.5-star.
New Purchase: Primo Water Corp. (PRMW)
Chuck Akre initiated holdings in Primo Water Corp.. His purchase prices were between $11.74 and $14.71, with an estimated average price of $12.82. The impact to his portfolio due to this purchase was 0.22%. His holdings were 75,000 shares as of 12/31/2010.
Prime Water Corporation operates as a provider of three- and five-gallon purified bottled water and water dispensers sold through major retailers nationwide. Primo Water Corp. has a market cap of $247.11 million; its shares were traded at around $12.93 .
New Purchase: Lpl Investment Holdings Inc. (LPLA)
Chuck Akre initiated holdings in Lpl Investment Holdings Inc.. His purchase prices were between $32.15 and $36.3, with an estimated average price of $34.23. The impact to his portfolio due to this purchase was 0.15%. His holdings were 20,000 shares as of 12/31/2010.
LPL Investment Holdings is an independent broker- offer proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to independent financial advisors and financial advisors at financial institutions. Lpl Investment Holdings Inc. has a market cap of $3.58 billion; its shares were traded at around $32.95 with and P/S ratio of 1.15.
Reduced: Tradestation Group Inc (TRAD)
Chuck Akre reduced to his holdings in Tradestation Group Inc by 33.33%. His sale prices were between $5.28 and $6.82, with an estimated average price of $6.27. The impact to his portfolio due to this sale was -0.19%. Chuck Akre still held 270,000 shares as of 12/31/2010.
TradeStation Group, Inc., through its operating subsidiary, TradeStation Securities, Inc. Tradestation Group Inc has a market cap of $281.5 million; its shares were traded at around $7.04 with a P/E ratio of 37.05 and P/S ratio of 2.09. Tradestation Group Inc had an annual average earning growth of 14.3% over the past 5 years.
Sold Out: W.r. Berkley Corp. (WRB, Financial)
Chuck Akre sold out his holdings in W.r. Berkley Corp.. His sale prices were between $26.69 and $28.55, with an estimated average price of $27.39.
W. R. Berkley Corporation is an insurance holding company, which through its subsidiaries, operates in all segments of the property casualty insurance business: regional property casualty insurance; reinsurance; specialty lines of insurance; alternative markets; and international. W.r. Berkley Corp. has a market cap of $4.22 billion; its shares were traded at around $29.12 with a P/E ratio of 10.79 and P/S ratio of 0.89. The dividend yield of W.r. Berkley Corp. stocks is 0.96%.
Sold Out: Carter's Inc. (CRI, Financial)
Chuck Akre sold out his holdings in Carter's Inc.. His sale prices were between $24.61 and $32.58, with an estimated average price of $28.91.
Carters Inc markets baby apparel and young children's apparel in the United States. Carter's Inc. has a market cap of $1.64 billion; its shares were traded at around $28.54 with a P/E ratio of 11.55 and P/S ratio of 1.03. Carter's Inc. had an annual average earning growth of 11.8% over the past 5 years.
Sold Out: Greenlight Capital Re Ltd. (GLRE, Financial)
Chuck Akre sold out his holdings in Greenlight Capital Re Ltd.. His sale prices were between $25.38 and $29.79, with an estimated average price of $28.1.
GREENLIGHT CAPITAL REINSURANCE LTD. is an AM Best `A-` (Excellent) rated specialty property and casualty reinsurance company based in the Cayman Islands. Greenlight Capital Re Ltd. has a market cap of $869.49 million; its shares were traded at around $28.79 with a P/E ratio of 11.7 and P/S ratio of 2.07.
Sold Out: Realpage Inc. (RP, Financial)
Chuck Akre sold out his holdings in Realpage Inc.. His sale prices were between $19.43 and $32.8, with an estimated average price of $26.23.
RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. Realpage Inc. has a market cap of $1.92 billion; its shares were traded at around $28.53 .
Sold Out: Exxon Mobil Corp. (XOM, Financial)
Chuck Akre sold out his holdings in Exxon Mobil Corp.. His sale prices were between $62.19 and $73.42, with an estimated average price of $69.07.
Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $417.63 billion; its shares were traded at around $82.82 with a P/E ratio of 13.32 and P/S ratio of 1.09. The dividend yield of Exxon Mobil Corp. stocks is 2.13%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.
Sold Out: Franklin Street Properties Corp (FSP)
Chuck Akre sold out his holdings in Franklin Street Properties Corp. His sale prices were between $12.28 and $14.31, with an estimated average price of $13.19.
Franklin Street Properties Corp operates in two business segments: real estate operations and investment banking/investment services. Franklin Street Properties Corp has a market cap of $1.23 billion; its shares were traded at around $15.38 with a P/E ratio of 17.88 and P/S ratio of 9.56. The dividend yield of Franklin Street Properties Corp stocks is 4.94%.
