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Chuck Akre Buys Charles Schwab Corp., Choice Hotels International Inc., Imperial Sugar Company, Markel Corp., Morningstar Inc.

Chuck Akre is leaving the five-star FBR Focus Fund next month to start his own fund. He has been at the helm of FBR Focus Fund since 1996, chalking up a 12.6 percent annualized gain through August 3. This is his portfolio at the end of Q2. Apparently he was in buying mode, and did not sell any. Chuck Akre likes high quality companies at reaonable prices. Continue to see the details.

Chuck Akre buys Charles Schwab Corp., Choice Hotels International Inc., Imperial Sugar Company, Morningstar Inc. during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Akre Capital Management, LLC. Chuck Akre owns 33 stocks with a total value of $941 million. These are the details of the buys and sells.

New Purchases: CHH, IPSU, MORN, SCHW,

Added Positions: ESGR, KMX, MKL, ORLY, POOL,

For the details of Chuck Akre's stock buys and sells, go to the Link Here

This is the sector weightings of Chuck Akre's portfolio:

Technology 13.9% 13.9%
Financials 26.7% 26.7%
Utilities 0.4% 0.4%
Consumer Services 49.9% 49.9%
Consumer Goods 3.4% 3.4%
Industrials 5.6% 5.6%
Oil & Gas 0% 0%


These are the top 5 holdings of Chuck Akre

  1. American Tower Corp. (AMT) - 4,159,210 shares, 13.93% of the total portfolio
  2. Penn National Gaming Inc. (PENN) - 4,014,315 shares, 12.41% of the total portfolio
  3. Markel Corp. (MKL) - 359,385 shares, 10.75% of the total portfolio
  4. 99 ONLY STORES (NDN) - 6,775,941 shares, 9.77% of the total portfolio
  5. O'Reilly Automotive Inc. (ORLY) - 2,369,121 shares, 9.58% of the total portfolio


Added: Enstar Group Ltd. (ESGR)

Chuck Akre added to his holdings in Enstar Group Ltd. by 31.51%. His purchase prices were between $55.2 and $71.04, with an estimated average price of $63.7. The impact to his portfolio due to this purchase was 0.95%. His holdings were 632,766 shares as of 06/30/2009.

Enstar Group Inc is engaged in the active search for and acquisition of one or more additional operating businesses. This search represents their primary focus. They investigate acquisition opportunities worldwide. Enstar Group Ltd. has a market cap of $831.3 million; its shares were traded at around $61.81 with a P/E ratio of 10.1 and P/S ratio of 16.6.

Added: Pool Corp. (POOL)

Chuck Akre added to his holdings in Pool Corp. by 11.04%. His purchase prices were between $14.43 and $18.33, with an estimated average price of $17. The impact to his portfolio due to this purchase was 0.34%. His holdings were 1,915,500 shares as of 06/30/2009.

SCP Pool Corporation distributes swimming pool supplies and related products to swimming pool remodelers and builders independent retail stores and swimming pool repair and service companies. The company distributes more than 34000 national brand and private label products to its customers. These products include both non-discretionary pool maintenance products such as chemicals and replacement parts packaged pools (kits to build swimming pools which include walls liners bracing and other materials) and pool equipment such as cleaners and filters. Pool Corp. has a market cap of $1.13 billion; its shares were traded at around $23.4 with a P/E ratio of 23.3 and P/S ratio of 0.6. The dividend yield of Pool Corp. stocks is 2.2%. Pool Corp. had an annual average earning growth of 26.3% over the past 10 years. GuruFocus rated Pool Corp. the business predictability rank of 4-star.

Added: Markel Corp. (MKL)

Chuck Akre added to his holdings in Markel Corp. by 1.66%. His purchase prices were between $270.15 and $316, with an estimated average price of $284.1. The impact to his portfolio due to this purchase was 0.18%. His holdings were 359,385 shares as of 06/30/2009.

Markel Corporation markets and underwrites specialty insurance products andprograms to a variety of niche markets. Markel Corp. has a market cap of $2.94 billion; its shares were traded at around $300 with a P/E ratio of 22.9 and P/S ratio of 1.5. Markel Corp. had an annual average earning growth of 31.4% over the past 5 years.

Added: O'Reilly Automotive Inc. (ORLY)

Chuck Akre added to his holdings in O'Reilly Automotive Inc. by 1.53%. His purchase prices were between $35.97 and $38.71, with an estimated average price of $37.1. The impact to his portfolio due to this purchase was 0.14%. His holdings were 2,369,121 shares as of 06/30/2009.

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 stores carry an extensive product line consisting of new and remanufactured automotive hard parts such as alternators starters fuel pumps water pumps and brake shoes and pads maintenance items such as oil antifreeze fluids engine additives and appearance products accessories such as floor mats and seat covers. O'Reilly Automotive Inc. has a market cap of $5.12 billion; its shares were traded at around $37.73 with a P/E ratio of 20.1 and P/S ratio of 1.5. O'Reilly Automotive Inc. had an annual average earning growth of 19% over the past 10 years. GuruFocus rated O'Reilly Automotive Inc. the business predictability rank of 4.5-star.

Added: CarMax Inc. (KMX)

Chuck Akre added to his holdings in CarMax Inc. by 1.83%. His purchase prices were between $9.91 and $15.31, with an estimated average price of $12.6. The impact to his portfolio due to this purchase was 0.11%. His holdings were 4,000,661 shares as of 06/30/2009.

CarMax Group is a subsidiary of Circuit City Stores Inc. The company is one of the nation's largest retailers of brand-name consumer electronics and major appliances and a leading retailer of personal computers and music software. The company is adding value to this industry with a consumer offer that includes extraordinary selection; everyday low prices marked clearly on every car; quality gaurantees; and exceptional customer service. (PRESS RELEASE) CarMax Inc. has a market cap of $3.74 billion; its shares were traded at around $16.99 with a P/E ratio of 70.8 and P/S ratio of 0.5. CarMax Inc. had an annual average earning growth of 21.9% over the past 5 years.

New Purchase: Charles Schwab Corp. (SCHW)

Chuck Akre initiated holdings in Charles Schwab Corp.. His purchase prices were between $16.86 and $18.68, with an estimated average price of $17.6. The impact to his portfolio due to this purchase was 0.14%. His holdings were 75,000 shares as of 06/30/2009.

Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional five channel offering of the Internet branch offices speech recognition touch-tone telephone e-mail and wireless technologies multilingual and international services and direct access to professionals day or night. Charles Schwab Corp. has a market cap of $21.74 billion; its shares were traded at around $18.75 with a P/E ratio of 20.8 and P/S ratio of 4.2. The dividend yield of Charles Schwab Corp. stocks is 1.2%. Charles Schwab Corp. had an annual average earning growth of 12.1% over the past 10 years.

New Purchase: Choice Hotels International Inc. (CHH)

Chuck Akre initiated holdings in Choice Hotels International Inc.. His purchase prices were between $25.38 and $28.75, with an estimated average price of $27. The impact to his portfolio due to this purchase was 0.06%. His holdings were 20,400 shares as of 06/30/2009.

Choice Hotels Int'l. is one of the largest hotel franchise companies in the world with hotels inns all-suite hotels and resorts open and under development in countries across the globe under the brand names Comfort Quality Clarion Sleep Inn Rodeway Inn Econo Lodge and MainStay Suites. Choice Hotels International Inc. has a market cap of $1.81 billion; its shares were traded at around $29.94 with a P/E ratio of 17.8 and P/S ratio of 2.8. The dividend yield of Choice Hotels International Inc. stocks is 2.5%.

New Purchase: Imperial Sugar Company (IPSU)

Chuck Akre initiated holdings in Imperial Sugar Company. His purchase prices were between $6.61 and $12.66, with an estimated average price of $9.3. The impact to his portfolio due to this purchase was 0.03%. His holdings were 25,000 shares as of 06/30/2009.

The Imperial Sugar Company is one of the largest processors and marketers of refined sugar in the United States and a major sugar distributor to the foodservice market. Imperial Sugar has been recognized and trusted in the food industry for more than 150 years as the company's history dates back to the mid-1800s. With packaging and refining facilities across the nation the Company markets products nationally under the Imperial Dixie Crystals Spreckels Pioneer Holly and Wholesome Sweeteners brands. Imperial Sugar Company has a market cap of $170.4 million; its shares were traded at around $13.96 with and P/S ratio of 0.3. The dividend yield of Imperial Sugar Company stocks is 0.6%.

New Purchase: Morningstar Inc. (MORN)

Chuck Akre initiated holdings in Morningstar Inc.. His purchase prices were between $32.02 and $43.86, with an estimated average price of $39.5. The impact to his portfolio due to this purchase was 0.02%. His holdings were 4,990 shares as of 06/30/2009.

Morningstar Inc. is a leading provider of investment research in the United States and in major international markets. The company offers an extensive line of Internet software and print-based products and services for individuals financial advisors and institutional clients. Morningstar Inc. has a market cap of $2.18 billion; its shares were traded at around $45.74 with a P/E ratio of 26 and P/S ratio of 4.3.


Rating: 4.5/5 (8 votes)

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