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Chuck Akre Buys Q2 Update: Buys AGO, DHIL, PRMW, KMX, LAMR, MA

Dave Brickell

gurufocus

349 followers
Value investor Chuck Akre reported their Q2 portfolio. Chuck is the founder of the $2.6 billion Akre Capital Management LLC, where he achieved returns in the range of 20%, 30% and 40% on a regular basis, and even as high as 52.5% in 1995. He beat over 99% of his peers for a decade. We recently had an interview with Mr. Akre. You can read the complete interview here.

Chuck Akre buys Carmax Inc., Lamar Advertising Company, Mastercard Cl A, O Reilly Automotive Inc., Aeropostale Inc., Assured Guaranty Ltd., Diamond Hill Investment Group Inc., Enstar Group Ltd., Primo Water Corp., T. Rowe Price Group Inc., sells Optionsxpress Holdings Inc., Kimberlyclark Corp., Tradestation Group Inc during the 3-months ended 06/30/2011, according to the most recent filings of his investment company, Akre Capital Management, LLC. As of 06/30/2011, Akre Capital Management, LLC owns 33 stocks with a total value of $559 million. These are the details of the buys and sells.

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.



For the details of Chuck Akre's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Chuck+Akre

This is the sector weightings of his portfolio:

Consumer Services 47%
Financials 34.3%
Technology 12.5%
Not Assigned 4.3%
Health Care 1.5%
Industrials 0.3%
Oil & Gas 0.2%


These are the top 5 holdings of Chuck Akre

  1. American Tower Corp. Cl A (AMT) - 1,330,520 shares, 12.4634% of the total portfolio. Shares reduced by 4.21%
  2. MasterCard Cl A (MA) - 185,515 shares, 10.0069% of the total portfolio. Shares added by 16.51%
  3. Ross Stores Inc. (ROST) - 631,665 shares, 9.0593% of the total portfolio. Shares reduced by 0.11%
  4. Enstar Group Ltd. (ESGR) - 468,803 shares, 8.7686% of the total portfolio. Shares added by 2.17%
  5. Dollar Tree Inc. (DLTR) - 716,719 shares, 8.5471% of the total portfolio. Shares added by 0.8%


Added: Carmax Inc. (KMX)

Chuck Akre added to his holdings in Carmax Inc. by 61.84%. His purchase prices were between $26.62 and $34.7, with an estimated average price of $30.95. The impact to his portfolio due to this purchase was 1.81%. His holdings were 799,231 shares as of 06/30/2011.

CarMax Group is a subsidiary of Circuit City Stores, Inc. Carmax Inc. has a market cap of $6.36 billion; its shares were traded at around $27.63 with a P/E ratio of 15.9 and P/S ratio of 0.7. Carmax Inc. had an annual average earnings growth of 5.4% over the past 10 years.

Added: Lamar Advertising Company (LAMR)

Chuck Akre added to his holdings in Lamar Advertising Company by 26.42%. His purchase prices were between $26.09 and $37.13, with an estimated average price of $29.98. The impact to his portfolio due to this purchase was 1.63%. His holdings were 1,589,655 shares as of 06/30/2011.

Lamar Advertising Company is one of the largest and most experienced owners and operators of outdoor advertising structures in the United States. Lamar Advertising Company has a market cap of $1.74 billion; its shares were traded at around $19.9 with and P/S ratio of 1.6. Lamar Advertising Company had an annual average earnings growth of 5.9% over the past 10 years. GuruFocus rated Lamar Advertising Company the business predictability rank of 3.5-star.

Added: Mastercard Cl A (MA)

Chuck Akre added to his holdings in Mastercard Cl A by 16.51%. His purchase prices were between $253.55 and $309.7, with an estimated average price of $274.05. The impact to his portfolio due to this purchase was 1.42%. His holdings were 185,515 shares as of 06/30/2011.

MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Cl A has a market cap of $42.17 billion; its shares were traded at around $327.39 with a P/E ratio of 20.5 and P/S ratio of 7.7. The dividend yield of Mastercard Cl A stocks is 0.2%.

Added: O Reilly Automotive Inc. (ORLY)

Chuck Akre added to his holdings in O Reilly Automotive Inc. by 21%. His purchase prices were between $55.38 and $64.99, with an estimated average price of $59.58. The impact to his portfolio due to this purchase was 1.24%. His holdings were 610,235 shares as of 06/30/2011.

O'Reilly Automotive, Inc. is a specialty retailer and supplier of automotive aftermarket parts, tools, supplies, equipment and accessories to both ``do-it-yourself`` customers and professional mechanics or service technicians. O Reilly Automotive Inc. has a market cap of $8.34 billion; its shares were traded at around $59.02 with a P/E ratio of 18.2 and P/S ratio of 1.5. O Reilly Automotive Inc. had an annual average earnings growth of 16.7% over the past 10 years. GuruFocus rated O Reilly Automotive Inc. the business predictability rank of 5-star.

Added: Aeropostale Inc. (ARO)

Chuck Akre added to his holdings in Aeropostale Inc. by 325%. His purchase prices were between $17.15 and $26.26, with an estimated average price of $21.18. The impact to his portfolio due to this purchase was 1.02%. His holdings were 425,000 shares as of 06/30/2011.

Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting fourteen to seventeen year-old young women and men. Aeropostale Inc. has a market cap of $968.5 million; its shares were traded at around $11.79 with a P/E ratio of 5.3 and P/S ratio of 0.4. Aeropostale Inc. had an annual average earnings growth of 31.8% over the past 10 years.

Added: Enstar Group Ltd. (ESGR)

Chuck Akre added to his holdings in Enstar Group Ltd. by 2.17%. His purchase prices were between $97.03 and $112.15, with an estimated average price of $101.67. The impact to his portfolio due to this purchase was 0.19%. His holdings were 468,803 shares as of 06/30/2011.

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 $1.37 billion; its shares were traded at around $100.89 with a P/E ratio of 9 and P/S ratio of 10.1.

Added: T. Rowe Price Group Inc. (TROW)

Chuck Akre added to his holdings in T. Rowe Price Group Inc. by 14.22%. His purchase prices were between $56.51 and $67.92, with an estimated average price of $62.07. The impact to his portfolio due to this purchase was 0.14%. His holdings were 100,930 shares as of 06/30/2011.

T. Rowe Price Associates, Inc. is an investment adviser to individual and institutional investors in the sponsored T. T. Rowe Price Group Inc. has a market cap of $13.27 billion; its shares were traded at around $51.68 with a P/E ratio of 18 and P/S ratio of 5.6. The dividend yield of T. Rowe Price Group Inc. stocks is 2.6%. T. Rowe Price Group Inc. had an annual average earnings growth of 12.8% over the past 10 years. GuruFocus rated T. Rowe Price Group Inc. the business predictability rank of 4-star.

New Purchase: Assured Guaranty Ltd. (AGO)

Chuck Akre initiated holdings in Assured Guaranty Ltd.. His purchase prices were between $14.17 and $17.83, with an estimated average price of $16.05. The impact to his portfolio due to this purchase was 0.58%. His holdings were 200,000 shares as of 06/30/2011.

Assured Guaranty is a Bermuda-based holding company providing credit enhancement products to the municipal finance, structured finance and mortgage markets. Assured Guaranty Ltd. has a market cap of $2.02 billion; its shares were traded at around $11.25 with a P/E ratio of 2.6 and P/S ratio of 1.4. The dividend yield of Assured Guaranty Ltd. stocks is 1.7%.

New Purchase: Diamond Hill Investment Group Inc. (DHIL)

Chuck Akre initiated holdings in Diamond Hill Investment Group Inc.. His purchase prices were between $77.75 and $82.18, with an estimated average price of $79.75. The impact to his portfolio due to this purchase was 0.44%. His holdings were 30,210 shares as of 06/30/2011.

Diamond Hill Investment Group, Inc. provides investment management services to institutions and financial intermediaries seeking to preserve and build capital. Diamond Hill Investment Group Inc. has a market cap of $219.3 million; its shares were traded at around $75.67 with a P/E ratio of 14 and P/S ratio of 3.8. Diamond Hill Investment Group Inc. had an annual average earnings growth of 32.4% over the past 5 years.

New Purchase: Primo Water Corp. (PRMW)

Chuck Akre initiated holdings in Primo Water Corp.. His purchase prices were between $11.26 and $16.06, with an estimated average price of $13.99. The impact to his portfolio due to this purchase was 0.19%. His holdings were 75,000 shares as of 06/30/2011.

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 $118.1 million; its shares were traded at around $5.12 with and P/S ratio of 2.7.

Sold Out: Optionsxpress Holdings Inc. (OXPS)

Chuck Akre sold out his holdings in Optionsxpress Holdings Inc.. His sale prices were between $16.01 and $18.87, with an estimated average price of $17.62.

optionsXpress Holdings, Inc. provides innovative securities brokerage products and services for investor education, strategy evaluation and trade execution. Optionsxpress Holdings Inc. has a market cap of $680.7 million; its shares were traded at around $12.29 with a P/E ratio of 14.1 and P/S ratio of 3. Optionsxpress Holdings Inc. had an annual average earnings growth of 16.8% over the past 10 years.

Sold Out: Kimberlyclark Corp. (KMB)

Chuck Akre sold out his holdings in Kimberlyclark Corp.. His sale prices were between $64.24 and $68.43, with an estimated average price of $66.42.

Kimberly-Clark Corporation is one of the consumer products companies. Kimberlyclark Corp. has a market cap of $25.79 billion; its shares were traded at around $64.6 with a P/E ratio of 14.2 and P/S ratio of 1.3. The dividend yield of Kimberlyclark Corp. stocks is 4.3%. Kimberlyclark Corp. had an annual average earnings growth of 4.3% over the past 10 years. GuruFocus rated Kimberlyclark Corp. the business predictability rank of 2.5-star.

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