Chuck Akre

Chuck Akre

Last Update: 08-14-2015

Number of Stocks: 37
Number of New Stocks: 3

Total Value: $4,152 Mil
Q/Q Turnover: 6%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Chuck Akre' s Profile & Performance

Profile

Chuck Akre is the founder of Akre Capital Management LLC. As of 2007, his firm manages $2.6 billion. He has been in the securities business since 1968, and continues to be the primary person responsible for his firm's investment advisory services and investment selection. Akre also serves as sub-advisor of FBR Small Cap. He was named to Barron's "Top 100 Mutual Fund Managers" list from 2003-2006, one of only two small cap growth managers to make the list four consecutive years.

Web Page:http://www.akrecapital.com/

Investing Philosophy

Chuck Akre employs a classic value approach in selecting companies for his portfolio. He likes to buy companies with strong business model demonstrating consistent earnings growth, high return on equity or high compound growth rate in book value per share. He also looks at the quality of the management. Ackre likes companies with a return on equity above 15%, shareholder friendly management, and a price to free cash flow ration below 15. Chuck Akre's portfolio turnover is remarkably low. His portfolio is also concentrated, with about 40 stocks, and his top four holdings typically make up over 40% of assets.

Total Holding History

Performance of Akre Capital Private Asset Man

YearReturn (%)S&P500 (%)Excess Gain (%)
201111.532.119.4
201018.515.063.4
200937.5426.4611.1
3-Year Cumulative81.8 (22%/year)48.6 (14.1%/year)33.2 (7.9%/year)
2008-42.92-37-5.9
20076.535.491.0
5-Year Cumulative10.5 (2%/year)-1.3 (-0.3%/year)11.8 (2.3%/year)
200625.3815.799.6
20055.094.910.2
200446.0210.8835.1
200340.2628.6811.6
2002-3.49-22.118.6
10-Year Cumulative187.9 (11.2%/year)33.3 (2.9%/year)154.6 (8.3%/year)
20012.4-11.8914.3
20005.57-9.114.7
19992.3821.04-18.7
199827.1428.58-1.4
199730.0533.36-3.3
15-Year Cumulative426.8 (11.7%/year)121.6 (5.4%/year)305.2 (6.3%/year)
199619.6922.96-3.3
199552.4737.5814.9
19942.931.321.6
19936.310.08-3.8
199214.747.627.1
20-Year Cumulative1106.9 (13.3%/year)350 (7.8%/year)756.9 (5.5%/year)
199138.3230.477.9
1990-6.88-3.1-3.8
19890.3331.69-31.4

Top Ranked Articles

Chuck Akre: Investing in Compounding Machines
We had the honor to hear from Mr. Chuck Akre (Trades, Portfolio) from Akre Capital Management at the Value Investor Conference, which was held in Omaha on May 1-2, the days before the Berkshire Hathaway shareholder meeting. Mr. Akre’s topic is “Investing in Compounding Machines.” Below are the notes from his speech. Read more...
Value Ideas Contest: ARO Is a Recovery, Priced Like a Disaster
Aeropostale is a retailer of casual apparel for young men and women. The company went public in 2002 and has been growing sales and earning almost constantly ever since. Throughout the recession performance was excellent — net income for the year ended January 2010 was up 77.5% from the year ended January 2008. The “almost” comes over the TTM period, where net income has declined for the first time since 2006. Read more...
Answers from GuruFocus' Q&A with Chuck Akre; Discusses LAMR, AMT, MA, MKL, PENN, ARO
Recently, GuruFocus readers asked successful investor Chuck Akre their investing questions. In his comments, he discusses LAMR, AMT, MA, MKL, PENN, LEXG, ESV, ROST, TJX and ARO. Read more...
Don't Be Afraid to Pay a Little Bit More
“Whether appropriate or not, the term ‘value investing’ is widely used. Typically, it connotes the purchase of stocks having attributes such as a low ratio of price to book value, a low price-earnings ratio, or a high dividend yield. Unfortunately, such characteristics, even if they appear in combination, are far from determinative as to whether an investor is indeed buying something for what it is worth and is therefore truly operating on the principle of obtaining value in his investments. Correspondingly, opposite characteristics – a high ratio of price to book value, a high price-earnings ratio, a low dividend yield – are in no way inconsistent with a ‘value’ purchase.” Read more...
Chuck Akre Value Investing Conference Talk: 'An Investor's Odyssey: The Search for Outstanding Investments'
This is Chuck Akre's talk from 8th Annual Value Investor Conference in May 2011, Omaha, right before the annual shareholder meeting of Berkshire Hathaway. The upcoming 9th Annual Value Investor Conference will be held May 3 – 4, 2012, again in Omaha. The conference is organized by Bob Miles, author of several books including "The Warren Buffett CEO: Secrets of the Berkshire Hathaway Managers." Read more...
» More Chuck Akre Articles

Commentaries and Stories

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Akre Focus Fund Q2 2015 Commentary
Akre Focus Fund commentary for the second quarter ended June 30, 2015. More...

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Akre Focus Fund Commentary Second Quarter 2015
The Akre Focus Fund Retail Shares (AKREX) and Institutional Shares (AKRIX) returned 1.95% and 2.01%, respectively, net of fees and expenses in the second quarter of 2015 versus the S&P 500 TR with a return of 0.28% for the same period. More...

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Chuck Akre Invests in American Tower in First Quarter Chuck Akre - Chuck Akre Invests In American Tower In First Quarter
Guru Chuck Akre (Trades, Portfolio)’s only new buy in the first quarter – American Tower Corp (NYSE:AMT) – was sufficient to make that stake the second-most valuable in his portfolio behind MasterCard Inc (NYSE:MA). More...

Chuck Akre, American Tower


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Chuck Akre Keeps Buying Roper Industries
Chuck Akre (Trades, Portfolio) is the founder of Akre Capital Management LLC. He has been in the securities business since 1968 and continues to be the primary person responsible for his firm's investment advisory services and investment selection. He was named to Barron's "Top 100 Mutual Fund Managers" list from 2003-2006, one of only two small cap growth managers to make the list four consecutive years. Chuck Akre (Trades, Portfolio) employs a classic value approach in selecting companies for his portfolio. He likes to buy companies with strong business model demonstrating consistent earnings growth, high return on equity or high compound growth rate in book value per share. He also looks at the quality of the management. More...

LONG, INDUSTRIALS


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Akre Focus Fund Commentary First Quarter 2015
The first quarter was largely uneventful, once we got past January’s significant declines in the stock market. Our view of the current environment is that across the globe there are many, many things which are worrisome and often frightening. We also believe that this has always been the case. Our strategy, unchanged over the years, is to own very high quality businesses (exceptional businesses, in our parlance), which are run by managers who treat us as partners and where there exists a meaningful opportunity to reinvest cash flows at potentially above-average rates of return. More...

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Analyzing Chuck Akre's Top Buys: CarMax Chuck Akre - Analyzing Chuck Akre's Top Buys: CarMax
Chuck Akre (Trades, Portfolio) is the founder of Akre Capital Management LLC. He has been in the securities business since 1968, and continues to be the primary person responsible for his firm's investment advisory services and investment selection. He was on Barron's "Top 100 Mutual Fund Managers" list from 2003-2006, one of only two small cap growth managers to make the list four consecutive years. Akre employs a classic value approach in selecting companies for his portfolio. He likes to buy companies with strong business model demonstrating consistent earnings growth, high return on equity or high compound growth rate in book value per share. He also looks at the quality of the management. More...

LONG, RETAILERS


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Analyzing Chuck Akre's Top Holdings: Roper Industries
Chuck Akre (Trades, Portfolio) is the founder of Akre Capital Management LLC. He has been in the securities business since 1968, and continues to be the primary person responsible for his firm's investment advisory services and investment selection. He was named to Barron's "Top 100 Mutual Fund Managers" list from 2003-2006, one of only two small cap growth managers to make the list four consecutive years. Chuck Akre (Trades, Portfolio) employs a classic value approach in selecting companies for his portfolio. He likes to buy companies with strong business model demonstrating consistent earnings growth, high return on equity or high compound growth rate in book value per share. He also looks at the quality of the management. More...

LONG, INDUSTRIALS, Chuck Akre, Roper Industries


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Akre Focus Fund 4th Quarter 2014 Commentary
The fourth quarter turned out to be the strongest of the year. And, as we shared with you in the third quarter letter, we began to put excess capital to work in the fall. We remain pleased with the holdings in the portfolio and feel there have been few surprises in the operating experiences of the Fund’s holdings. We remain optimistic as to the continuation of strong operating performance, given the nature of the businesses owned. As usual, we are not waiting with baited breath for the release of earnings reports or other corporate filings. We are able to move beyond that precisely because of our investment philosophy and implementation. More...

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Akre Adds to Stakes in Third Quarter Chuck Akre - Akre Adds To Stakes In Third Quarter
An English literature major in college, guru Chuck Akre (Trades, Portfolio)’s education didn’t appear – on the surface – to prepare him for a career in finance. Upon his graduation from college, he considered going to medical school before opting for the path he took – a path that ultimately led him to start his own firm, Akre Capital Management, in 1989. More...

Chuck Akre, Discovery Communications


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Bargain Hunting Among the All-Time High List Chuck Akre - Bargain Hunting Among The All-Time High List
Most value investors use the 52 week low or all-time low stock list as a screening tool. I myself was certainly in that camp. Logically speaking, it makes sense to shop in the bargain department as demonstrated by lowest prices. More...

BRK.B, CFX, DHR, WFC, MTB,V,MA,JPM


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Chuck Akre’s Akre Focus Fund Q3 2014 Commentary
As you are aware, prices in the third quarter declined by a modest amount in general, but significantly in a few places that interested us a great deal. We actually welcome the current disruption in the market, as it presents us with an opportunity to add to our investments in several of our favorite holdings at more favorable valuations. This is thoroughly consistent with our long-term outlook as investors rather than speculators of stock prices. The Akre Focus Fund Retail Shares (AKREX) and Institutional Shares (AKRIX) returned -1.42% and -1.36%, respectively, net of fees and expenses in the third quarter of 2014 versus the S&P 500 with a return of 1.13% for the same period. More...

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Danaher: Prices Go Up While ROE Goes Down
In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case Danaher Corp. (NYSE:DHR) More...

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What About CarMax and Its 'Non-Conventional Strategies'?
In this article, let's take a look at CarMax Inc. (NYSE:KMX),a $11.69 billion market cap company, which is the largest U.S. retailer of used vehicles. It owns and operates more than130 used car superstores in about 60 markets and sells new vehicles at five locations. More...

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Do You Understand the Business?
One of the key concepts in value investing is circle of competence. Warren Buffett (Trades, Portfolio) has always reminded us to stick to our circle of competence. Only investing in businesses that you can understand intuitively makes sense but what I’ve observed over the years is that the proper definition of understanding a business is often misconstrued. More...

CHUCK AKRE


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Chuck Akre Comments on MasterCard Corporation
MasterCard Corporation (“MasterCard”) (NYSE: MA) More...

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Chuck Akre Comments on Moody’s Corporation
Moody’s Corporation (“Moody’s”) (NYSE: MCO) More...

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Chuck Akre Comments on Colfax Corporation
Colfax Corporation (“Colfax”) (NASDAQ: CFX) More...

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Chuck Akre Comments on American Tower Corporation
American Tower Corporation (“American Tower”) (NYSE: AMT) More...

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Chuck Akre 2nd 2014 Quarter Commentary
AKRE FOCUS FUND 2nd QUARTER 2014 COMMENTARY More...

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Don't Be Afraid to Pay a Little Bit More Chuck Akre - Don't Be Afraid To Pay A Little Bit More
“Whether appropriate or not, the term ‘value investing’ is widely used. Typically, it connotes the purchase of stocks having attributes such as a low ratio of price to book value, a low price-earnings ratio, or a high dividend yield. Unfortunately, such characteristics, even if they appear in combination, are far from determinative as to whether an investor is indeed buying something for what it is worth and is therefore truly operating on the principle of obtaining value in his investments. Correspondingly, opposite characteristics – a high ratio of price to book value, a high price-earnings ratio, a low dividend yield – are in no way inconsistent with a ‘value’ purchase.” More...

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User Comments

Davecvet
ReplyDavecvet - 1 year ago
I am a friend of Pat Lewis and he told me to contact Mr Akre regarding investments. How do I make contact with Mr Akre other than this site to discuss investmenting?

thank you

dave capraro

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