Chuck Akre recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
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.
As of the latest 13F report, the guru’s equity portfolio contained 23 stocks valued at a total of $12.49Bil. The top holdings were MA(14.81%), AMT(14.27%), and MCO(12.42%).
According to GuruFocus data, these were Chuck Akre (Trades, Portfolio)’s top five trades of the quarter.
Ansys Inc
The guru sold out of their 609,764-share investment in NAS:ANSS. Previously, the stock had a 1.32% weight in the equity portfolio. Shares traded for an average price of $265.46 during the quarter.
On 09/07/2022, Ansys Inc traded for a price of $244.68 per share and a market cap of $21.24Bil. The stock has returned -34.45% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Ansys Inc has a price-earnings ratio of 46.82, a price-book ratio of 4.76, a price-earnings-to-growth (PEG) ratio of 6.08, a EV-to-Ebitda ratio of 32.53 and a price-sales ratio of 10.74.
The price-to-GF Value ratio is 0.64, earning the stock a GF Value rank of 8.
CoStar Group Inc
Chuck Akre (Trades, Portfolio) reduced their investment in NAS:CSGP by 2,556,750 shares. The trade had a 1.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $60.67.
On 09/07/2022, CoStar Group Inc traded for a price of $76.87 per share and a market cap of $30.48Bil. The stock has returned -12.22% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, CoStar Group Inc has a price-earnings ratio of 91.66, a price-book ratio of 5.19, a price-earnings-to-growth (PEG) ratio of 5.59, a EV-to-Ebitda ratio of 45.67 and a price-sales ratio of 14.75.
The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.
Snowflake Inc
The guru established a new position worth 1,000,000 shares in NYSE:SNOW, giving the stock a 1.11% weight in the equity portfolio. Shares traded for an average price of $159.54 during the quarter.
On 09/07/2022, Snowflake Inc traded for a price of $171.535 per share and a market cap of $53.80Bil. The stock has returned -46.20% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 2 out of 10.
In terms of valuation, Snowflake Inc has a price-book ratio of 9.90, a EV-to-Ebitda ratio of -74.94 and a price-sales ratio of 32.01.
Alarm.com Holdings Inc
Chuck Akre (Trades, Portfolio) reduced their investment in NAS:ALRM by 705,000 shares. The trade had a 0.32% impact on the equity portfolio. During the quarter, the stock traded for an average price of $61.54.
On 09/07/2022, Alarm.com Holdings Inc traded for a price of $68.88 per share and a market cap of $3.43Bil. The stock has returned -17.25% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Alarm.com Holdings Inc has a price-earnings ratio of 83.03, a price-book ratio of 6.10, a price-earnings-to-growth (PEG) ratio of 2.58, a EV-to-Ebitda ratio of 39.77 and a price-sales ratio of 4.59.
The price-to-GF Value ratio is 0.84, earning the stock a GF Value rank of 9.
Salesforce Inc
During the quarter, Chuck Akre (Trades, Portfolio) bought 232,790 shares of NYSE:CRM for a total holding of 3,070,000. The trade had a 0.31% impact on the equity portfolio. During the quarter, the stock traded for an average price of $177.26.
On 09/07/2022, Salesforce Inc traded for a price of $151.88 per share and a market cap of $151.86Bil. The stock has returned -42.74% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Salesforce Inc has a price-earnings ratio of 281.22, a price-book ratio of 2.52, a price-earnings-to-growth (PEG) ratio of 9.10, a EV-to-Ebitda ratio of 40.23 and a price-sales ratio of 5.19.
The price-to-GF Value ratio is 0.54, earning the stock a GF Value rank of 8.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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