Chuck Akre13F | |
Akre Capital Management, LLC | |
Last update 2024-02-09 | 18 Stocks (1 new) |
Value $11.88 Bil | Turnover 0 % |
Portfolio Report |
Chuck Akre Profile
Chuck founded Akre Capital Management in 1989 after 21 years in the securities business at NYSE member firm Johnston, Lemon & Co. At Johnston, Lemon & Co., he managed various parts of the business, including branch management, research and asset management. Beginning in June of 1993, Akre operated the firm under the umbrella of Friedman, Billings, Ramsey & Co. Taking the business private again in 2000, he moved the firm to the rural village of Middleburg, Virginia.
Chuck Akre Investing Philosophy
Chuck Akre employs a classic value approach in selecting companies for his portfolio based upon the idea of a “three-legged stool.” This metaphoric three legged stool describes what he looks for in an investment: extraordinary business, talented management and great reinvestment opportunities and histories. The Akre Capital Management team focuses squarely on growth in the underlying economic value per share – often defined as book value per share – over the course of time. Quarterly “misses” are seen as opportunities over the course of five to ten year investment horizons.
Chuck Akre Profile
Chuck founded Akre Capital Management in 1989 after 21 years in the securities business at NYSE member firm Johnston, Lemon & Co. At Johnston, Lemon & Co., he managed various parts of the business, including branch management, research and asset management. Beginning in June of 1993, Akre operated the firm under the umbrella of Friedman, Billings, Ramsey & Co. Taking the business private again in 2000, he moved the firm to the rural village of Middleburg, Virginia.
Chuck Akre Investing Philosophy
Chuck Akre employs a classic value approach in selecting companies for his portfolio based upon the idea of a “three-legged stool.” This metaphoric three legged stool describes what he looks for in an investment: extraordinary business, talented management and great reinvestment opportunities and histories. The Akre Capital Management team focuses squarely on growth in the underlying economic value per share – often defined as book value per share – over the course of time. Quarterly “misses” are seen as opportunities over the course of five to ten year investment horizons.