
	Chuck Akre 13F
	Akre Capital Management, LLC

	Last update 2023-02-13	21 Stocks (1 new)
	Value $11.06 Bil	Turnover 3 %
	Top Holdings: MA(18.44%) MCO(14.36%) AMT(13.39%) V(9.24%) ORLY(9.02%) 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 Portfolio and Latest Trades

Ticker
Ticker
CRM
VRSK
ORLY
SNOW
KMX
BN
ADBE
BAM
V
DHR
KKR
MA
AMT
DBRG
DLTR
ORLY
MA
DBRG
GSHD
KKR
CRM
BN
ADBE
KMX
TDUP
ANSS
CSGP
SNOW
ALRM
CRM
ADBE
DBRG
KKR
MCO
BN
AMT
ORLY
GSHD
ROP
MA
KMX
BRK.B
DLTR
SBAC
DLTR
ALRM
ADBE
MCO
CRM
KKR
CSGP
KMX
AMT
ROP
MA
ORLY
VRSK
BRK.B
SBAC
DLTR
OLLI
KMX
MA
BN
MCO
CSGP
ADBE
AMT
VRSK
ORLY
ROP
MKL
BN
BNRE
MA
AMT
ROP
ORLY
MCO
VRSK
DLTR
ADBE
BRK.B
CSGP
KKR
KMX
CRM
LYV
SBAC
ROP
GSHD
TDUP
ADBE
ORLY
MKL
KMX
AMT
MA
MCO
KKR

Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
CRM	Salesforce Inc	2022-12-31	Sold Out	-3.93%	● 128.27 ($145.92) 165.27	$190.06	30.25%	Sold Out	0	-3,095,500
VRSK	Verisk Analytics Inc	2022-12-31	Reduce	-3.65%	● 165.37 ($175.72) 186.14	$186.69	6.24%	Reduce -99.22%	18,976	-2,425,310
ORLY	O'Reilly Automotive Inc	2022-12-31	Reduce	-1.79%	● 710.77 ($806.52) 864.54	$810.76	0.53%	Reduce -19.66%	1,182,283	-289,263
SNOW	Snowflake Inc	2022-12-31	Sold Out	-1.50%	● 126.26 ($152.57) 188.91	$136.53	-10.51%	Sold Out	0	-1,000,000
KMX	CarMax Inc	2022-12-31	Reduce	-1.20%	● 55.69 ($64.2) 74.58	$57.78	-10.00%	Reduce -28.04%	5,291,022	-2,062,000
BN	Brookfield Corp	2022-12-31	Add	+1.14%	● 30.75 ($33.83) 38.41	$29.97	-11.41%	Add 29.92%	17,366,753	4,000,000
ADBE	Adobe Inc	2022-12-31	Reduce	-1.03%	● 284.83 ($319.83) 345.96	$374.96	17.24%	Reduce -25.59%	1,239,558	-426,337
BAM	Brookfield Asset Management Ltd	2022-12-31	New Buy	+0.96%	● 27.11 ($30.09) 33.01	$31.02	3.09%	New holding	3,691,684	3,691,684
V	Visa Inc	2022-12-31	Reduce	-0.51%	● 178.24 ($201.66) 217.66	$221.04	9.61%	Reduce -6.15%	4,922,138	-322,600
DHR	Danaher Corp	2022-12-31	Add	+0.32%	● 241.42 ($261.48) 282.29	$248.17	-5.09%	Add 8.03%	1,788,200	132,900
KKR	KKR & Co Inc	2022-12-31	Reduce	-0.13%	● 43.97 ($48.74) 57.08	$50.05	2.69%	Reduce -2.26%	15,102,918	-350,000
MA	Mastercard Inc	2022-12-31	Reduce	-0.06%	● 283.38 ($329.15) 360.8	$351.63	6.83%	Reduce -0.43%	5,866,026	-25,200
AMT	American Tower Corp	2022-12-31	Add	+0.04%	● 183.79 ($208.14) 223.39	$199.62	-4.09%	Add 0.29%	6,993,427	20,240
DBRG	DigitalBridge Group Inc	2022-12-31	Add	+0.04%	● 10.42 ($13) 15.37	$10.83	-16.69%	Add 7.96%	4,991,720	368,069
DLTR	Dollar Tree Inc	2022-12-31	Reduce	0%	● 136.08 ($148.81) 168.84	$137.39	-7.67%	Reduce -7.51%	30,439	-2,473
ORLY	O'Reilly Automotive Inc	2022-09-30	Reduce	-0.51%	● 636.08 ($699.44) 743.76	$810.76	15.92%	Reduce -6.36%	1,471,546	-100,000
MA	Mastercard Inc	2022-09-30	Add	+0.07%	● 284.34 ($331.5) 359.95	$351.63	6.07%	Add 0.48%	5,891,226	27,985
DBRG	DigitalBridge Group Inc	2022-09-30	Add	+0.06%	● 12.51 ($19.25) 23.36	$10.83	-43.74%	Add 12.84%	4,623,651	526,103
GSHD	Goosehead Insurance Inc	2022-09-30	Reduce	-0.04%	● 35.64 ($51.93) 70.74	$49.35	-4.97%	Reduce -30.05%	243,672	-104,694
KKR	KKR & Co Inc	2022-09-30	Add	+0.03%	● 43 ($50.53) 57.52	$50.05	-0.95%	Add 0.5%	15,452,918	77,006
CRM	Salesforce Inc	2022-09-30	Add	+0.03%	● 143.84 ($169.57) 191.27	$190.06	12.08%	Add 0.83%	3,095,500	25,500
BN	Brookfield Asset Management Inc	2022-09-30	Add	+0.02%	● 40.72 ($48.04) 53.72	$29.97	-37.61%	Add 0.43%	13,366,753	57,000
ADBE	Adobe Inc	2022-09-30	Add	+0.01%	● 275.2 ($378.38) 451.02	$374.96	-0.90%	Add 0.33%	1,665,895	5,500
KMX	CarMax Inc	2022-09-30	Add	0%	● 65.16 ($91.38) 104.22	$57.78	-36.77%	Add 0.07%	7,353,022	4,830
TDUP	ThredUp Inc	2022-09-30	Sold Out	0%	● 1.84 ($2.51) 3.58	$2.28	-9.16%	Sold Out	0	-22,500
ANSS	Ansys Inc	2022-06-30	Sold Out	-1.32%	● 227.7 ($265.46) 323.21	$315.70	18.93%	Sold Out	0	-609,764
CSGP	CoStar Group Inc	2022-06-30	Reduce	-1.16%	● 54.19 ($60.67) 67.64	$67.14	10.66%	Reduce -26.44%	7,111,430	-2,556,750
SNOW	Snowflake Inc	2022-06-30	New Buy	+1.11%	● 113.3 ($159.54) 241.23	$136.53	-14.42%	New holding	1,000,000	1,000,000
ALRM	Alarm.com Holdings Inc	2022-06-30	Reduce	-0.32%	● 55.67 ($61.54) 67.98	$49.44	-19.66%	Reduce -72.76%	263,939	-705,000
CRM	Salesforce Inc	2022-06-30	Add	+0.31%	● 155.6 ($177.26) 218.85	$190.06	7.22%	Add 8.2%	3,070,000	232,790
ADBE	Adobe Inc	2022-06-30	Add	+0.27%	● 360.79 ($407.76) 468.81	$374.96	-8.04%	Add 5.95%	1,660,395	93,305
DBRG	DigitalBridge Group Inc	2022-06-30	Add	+0.23%	● 18.24 ($24.48) 30.12	$10.83	-55.76%	Add 56.03%	4,097,548	5,885,391
KKR	KKR & Co Inc	2022-06-30	Add	+0.19%	● 45.06 ($52.56) 59.94	$50.05	-4.78%	Add 3.43%	15,375,912	510,592
MCO	Moody's Corporation	2022-06-30	Add	+0.10%	● 253.64 ($299.77) 343.38	$292.73	-2.35%	Add 0.77%	5,703,505	43,793
BN	Brookfield Asset Management Inc	2022-06-30	Add	+0.06%	● 43.18 ($49.69) 58.62	$29.97	-39.69%	Add 1.39%	13,309,753	182,059
AMT	American Tower Corp	2022-06-30	Reduce	-0.04%	● 224.72 ($250.93) 268.62	$199.62	-20.45%	Reduce -0.36%	6,973,187	-25,190
ORLY	O'Reilly Automotive Inc	2022-06-30	Reduce	-0.03%	● 572.57 ($645.96) 743.86	$810.76	25.51%	Reduce -0.35%	1,571,546	-5,595
GSHD	Goosehead Insurance Inc	2022-06-30	Add	+0.02%	● 39.49 ($54.95) 79.45	$49.35	-10.19%	Add 18.75%	348,366	55,000
ROP	Roper Technologies Inc	2022-06-30	Reduce	-0.02%	● 372.29 ($435.38) 485.27	$429.59	-1.33%	Reduce -0.31%	1,655,660	-5,070
MA	Mastercard Inc	2022-06-30	Add	+0.02%	● 308.78 ($344.59) 378.83	$351.63	2.04%	Add 0.14%	5,863,241	8,090
KMX	CarMax Inc	2022-06-30	Add	+0.01%	● 85.76 ($94.08) 103.17	$57.78	-38.58%	Add 0.11%	7,348,192	8,240
BRK.B	Berkshire Hathaway Inc	2022-06-30	Add	0%	● 267.52 ($314.34) 353.1	$298.92	-4.91%	Add 4.26%	17,114	700
DLTR	Dollar Tree Inc	2022-06-30	Add	0%	● 127.88 ($158.48) 174.08	$137.39	-13.31%	Add 1.5%	32,912	485
SBAC	SBA Communications Corp	2022-03-31	Sold Out	-3.36%	● 290.82 ($324.41) 379.87	$256.41	-20.96%	Sold Out	0	-1,547,180
DLTR	Dollar Tree Inc	2022-03-31	Reduce	-2.05%	● 126.23 ($141.3) 160.32	$137.39	-2.77%	Reduce -98.78%	32,427	-2,619,764
ALRM	Alarm.com Holdings Inc	2022-03-31	Reduce	-0.48%	● 62.74 ($70.86) 84.68	$49.44	-30.23%	Reduce -51.03%	968,939	-1,009,719
ADBE	Adobe Inc	2022-03-31	Add	+0.11%	● 411.5 ($481.12) 564.37	$374.96	-22.07%	Add 2.42%	1,567,090	37,000
MCO	Moody's Corporation	2022-03-31	Add	+0.09%	● 301.31 ($336.35) 386.27	$292.73	-12.97%	Add 0.69%	5,659,712	38,615
CRM	Salesforce Inc	2022-03-31	Add	+0.05%	● 190.54 ($215.18) 255.46	$190.06	-11.67%	Add 1.33%	2,837,210	37,210
KKR	KKR & Co Inc	2022-03-31	Add	+0.05%	● 50.85 ($62.99) 74.31	$50.05	-20.54%	Add 0.91%	14,865,320	134,660
CSGP	CoStar Group Inc	2022-03-31	Reduce	-0.04%	● 53.27 ($66.5) 78.84	$67.14	0.96%	Reduce -0.98%	9,668,180	-96,170
KMX	CarMax Inc	2022-03-31	Add	+0.03%	● 96.48 ($107.63) 127.01	$57.78	-46.32%	Add 0.68%	7,339,952	49,780
AMT	American Tower Corp	2022-03-31	Reduce	-0.02%	● 226.87 ($243.87) 286.38	$199.62	-18.14%	Reduce -0.15%	6,998,377	-10,720
ROP	Roper Technologies Inc	2022-03-31	Reduce	-0.01%	● 423.48 ($449.76) 478.32	$429.59	-4.48%	Reduce -0.14%	1,660,730	-2,340
MA	Mastercard Inc	2022-03-31	Reduce	-0.01%	● 312.92 ($359.86) 396.75	$351.63	-2.29%	Reduce -0.1%	5,855,151	-6,040
ORLY	O'Reilly Automotive Inc	2022-03-31	Reduce	-0.01%	● 630.82 ($670.23) 703.36	$810.76	20.97%	Reduce -0.14%	1,577,141	-2,140
VRSK	Verisk Analytics Inc	2022-03-31	Reduce	0%	● 177.34 ($197.06) 221.73	$186.69	-5.26%	Reduce -0.03%	2,444,286	-715
BRK.B	Berkshire Hathaway Inc	2022-03-31	Reduce	0%	● 300.79 ($323.34) 359.57	$298.92	-7.55%	Reduce -6.23%	16,414	-1,090
SBAC	SBA Communications Corp	2021-12-31	Reduce	-0.78%	● 323.4 ($351.84) 389.02	$256.41	-27.12%	Reduce -19.84%	1,547,180	-383,010
DLTR	Dollar Tree Inc	2021-12-31	Reduce	-0.55%	● 97.11 ($122.44) 146.61	$137.39	12.21%	Reduce -25.95%	2,652,191	-929,482
OLLI	Ollie's Bargain Outlet Holdings Inc	2021-12-31	Sold Out	-0.19%	● 46.21 ($60.93) 73.43	$58.10	-4.64%	Sold Out	0	-500,000
KMX	CarMax Inc	2021-12-31	Add	+0.13%	● 122.54 ($140.13) 154.85	$57.78	-58.77%	Add 2.55%	7,290,172	181,090
MA	Mastercard Inc	2021-12-31	Add	+0.01%	● 306.28 ($345.75) 369.56	$351.63	1.70%	Add 0.05%	5,861,191	2,775
BN	Brookfield Asset Management Inc	2021-12-31	Add	0%	● 53.79 ($58.78) 61.85	$29.97	-49.01%	Add 0.01%	13,127,979	711
MCO	Moody's Corporation	2021-12-31	Add	0%	● 349.73 ($386.38) 406.69	$292.73	-24.24%	Add 0.02%	5,621,097	1,061
CSGP	CoStar Group Inc	2021-12-31	Add	0%	● 75.23 ($83.73) 99.74	$67.14	-19.81%	Add 0.01%	9,764,350	1,350
ADBE	Adobe Inc	2021-12-31	Add	0%	● 549.77 ($625.62) 688.37	$374.96	-40.07%	Add 0.01%	1,530,090	105
AMT	American Tower Corp	2021-12-31	Add	0%	● 257.53 ($273.26) 292.5	$199.62	-26.95%	Add 0.02%	7,009,097	1,310
VRSK	Verisk Analytics Inc	2021-12-31	Add	0%	● 198.81 ($218.74) 230.03	$186.69	-14.65%	Add 0.03%	2,445,001	746
ORLY	O'Reilly Automotive Inc	2021-12-31	Add	0%	● 598.28 ($650.29) 708.14	$810.76	24.68%	Add 0.04%	1,579,281	574
ROP	Roper Technologies Inc	2021-12-31	Add	0%	● 445.49 ($476.58) 498.43	$429.59	-9.86%	Add 0.03%	1,663,070	485
MKL	Markel Corp	2021-09-30	Sold Out	-0.10%	● 1184 ($1232.92) 1282.99	$1,215.92	-1.38%	Sold Out	0	-13,623
BN	Brookfield Asset Management Inc	2021-09-30	Add	+0.03%	● 47.88 ($54.17) 57.38	$29.97	-44.67%	Add 0.67%	13,127,268	87,173
BNRE	Brookfield Asset Management Reinsurance Partners Ltd	2021-09-30	Sold Out	-0.03%	● 48.33 ($56.53) 62.58	$30.09	-46.77%	Sold Out	0	-89,922
MA	Mastercard Inc	2021-09-30	Reduce	-0.02%	● 337.38 ($363.45) 393.26	$351.63	-3.25%	Reduce -0.14%	5,858,416	-8,094
AMT	American Tower Corp	2021-09-30	Reduce	-0.01%	● 265.41 ($285.13) 303.62	$199.62	-29.99%	Reduce -0.12%	7,007,787	-8,475
ROP	Roper Technologies Inc	2021-09-30	Reduce	-0.01%	● 446.13 ($479.11) 496.63	$429.59	-10.34%	Reduce -0.15%	1,662,585	-2,443
ORLY	O'Reilly Automotive Inc	2021-09-30	Reduce	-0.01%	● 575.38 ($599.88) 626.33	$810.76	35.15%	Reduce -0.18%	1,578,707	-2,807
MCO	Moody's Corporation	2021-09-30	Reduce	-0.01%	● 355.11 ($376.82) 386.84	$292.73	-22.32%	Reduce -0.09%	5,620,036	-5,219
VRSK	Verisk Analytics Inc	2021-09-30	Reduce	0%	● 176.8 ($193.66) 208.97	$186.69	-3.60%	Reduce -0.11%	2,444,255	-2,661
DLTR	Dollar Tree Inc	2021-09-30	Reduce	0%	● 84.54 ($96.18) 106.32	$137.39	42.85%	Reduce -0.17%	3,581,673	-5,993
ADBE	Adobe Inc	2021-09-30	Reduce	0%	● 575.72 ($629.42) 666.59	$374.96	-40.43%	Reduce -0.01%	1,529,985	-105
BRK.B	Berkshire Hathaway Inc	2021-09-30	Reduce	0%	● 272.66 ($280.85) 291.28	$298.92	6.43%	Reduce -2.48%	17,504	-445
CSGP	CoStar Group Inc	2021-09-30	Reduce	0%	● 80.97 ($86.4) 90.15	$67.14	-22.29%	Reduce -0.05%	9,763,000	-4,600
KKR	KKR & Co Inc	2021-09-30	Reduce	0%	● 57.37 ($62.78) 67.58	$50.05	-20.28%	Reduce -0.02%	14,730,028	-2,716
KMX	CarMax Inc	2021-09-30	Reduce	0%	● 124.24 ($133) 146.45	$57.78	-56.56%	Reduce -0.06%	7,109,082	-4,025
CRM	Salesforce Inc	2021-06-30	New Buy	+4.21%	● 210.54 ($230.13) 246.26	$190.06	-17.41%	New holding	2,800,000	2,800,000
LYV	Live Nation Entertainment Inc	2021-06-30	Sold Out	-3.15%	● 75.12 ($85.72) 92.6	$65.95	-23.06%	Sold Out	0	-5,469,400
SBAC	SBA Communications Corp	2021-06-30	Reduce	-0.67%	● 275.69 ($299.18) 322.84	$256.41	-14.30%	Reduce -15.53%	1,930,190	-354,936
ROP	Roper Technologies Inc	2021-06-30	Reduce	-0.19%	● 403.34 ($441.14) 470.2	$429.59	-2.62%	Reduce -4.06%	1,665,028	-70,430
GSHD	Goosehead Insurance Inc	2021-06-30	Add	+0.04%	● 82.02 ($101.91) 127.93	$49.35	-51.57%	Add 20.55%	293,366	50,000
TDUP	ThredUp Inc	2021-06-30	Reduce	-0.03%	● 14.98 ($21.66) 29.08	$2.28	-89.47%	Reduce -88.75%	22,500	-177,500
ADBE	Adobe Inc	2021-06-30	Add	0%	● 472.09 ($514.21) 590.75	$374.96	-27.08%	Add 0.01%	1,530,090	220
ORLY	O'Reilly Automotive Inc	2021-06-30	Reduce	0%	● 507.25 ($537.14) 566.21	$810.76	50.94%	Reduce -0.02%	1,581,514	-340
MKL	Markel Corp	2021-06-30	Reduce	0%	● 1139.62 ($1197.62) 1248.87	$1,215.92	1.53%	Reduce -0.17%	13,623	-23
KMX	CarMax Inc	2021-06-30	Reduce	0%	● 113.16 ($123.63) 137.9	$57.78	-53.26%	Reduce -0.01%	7,113,107	-450
AMT	American Tower Corp	2021-06-30	Reduce	0%	● 239.06 ($254.4) 272.79	$199.62	-21.53%	Reduce -0.01%	7,016,262	-640
MA	Mastercard Inc	2021-06-30	Reduce	0%	● 356.05 ($371.26) 395.65	$351.63	-5.29%	Reduce -0.01%	5,866,510	-700
MCO	Moody's Corporation	2021-06-30	Reduce	0%	● 298.61 ($331.96) 366.34	$292.73	-11.82%	Reduce -0.01%	5,625,255	-590
KKR	KKR & Co Inc	2021-06-30	Reduce	0%	● 48.85 ($55.32) 60.76	$50.05	-9.53%	Reduce -0.01%	14,732,744	-1,080

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