Akre Capital Management
Akre Capital Management, led by seasoned investor Chuck Akre, manages approximately $6.13 billion in assets. Akre is renowned for his "three-legged stool" investment philosophy, which emphasizes businesses with high returns on equity, talented management, and the ability to reinvest profits effectively. The firm typically maintains a concentrated portfolio, reflecting a long-term, value-oriented investment approach.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings β not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares β not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with β₯$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 20 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| MA | $1.14B | 18.58% | $498.80 | $533.20 | +6.9% | 18.6% | |
| BN | $689.1M | 11.23% | $40.41 | $43.75 | +8.3% | 11.2% | |
| $621.4M | 10.13% | β | β | 10.1% | |||
| MCO | $543.6M | 8.86% | $435.21 | $503.29 | +15.6% | 8.9% | |
| V | $495.3M | 8.07% | $301.61 | $351.32 | +16.5% | 8.1% | |
| ROP | $444.9M | 7.25% | $352.96 | $366.19 | +3.8% | 7.3% | |
| CSGP | $417.4M | 6.80% | $40.34 | $29.47 | -26.9% | 6.8% | |
| FICO | $388.3M | 6.33% | $1067.54 | $1315.61 | +23.2% | 6.3% | |
| ORLY | $358.7M | 5.85% | $92.31 | $86.15 | -6.7% | 5.8% | |
| CPRT | $265.6M | 4.33% | $33.20 | $29.42 | -11.4% | 4.3% | |
| ABNB | $256.9M | 4.19% | $126.28 | $148.45 | +17.6% | 4.2% | |
| CCC | $189.1M | 3.08% | $6.00 | $5.65 | -5.8% | 3.1% | |
| CRM | $134.0M | 2.18% | $185.72 | $170.48 | -8.2% | 2.2% | |
| NOW | $114.6M | 1.87% | $104.55 | $111.43 | +6.6% | 1.9% | |
| GSHD | $18.9M | 0.31% | $42.66 | $55.30 | +29.6% | 0.3% | |
| CRMCALL | $18.7M | 0.30% | $185.72 | $170.48 | -8.2% | 0.3% | |
| SOPH | $18.4M | 0.30% | $4.95 | $5.34 | +7.9% | 0.3% | |
| AMT | $8.8M | 0.14% | $169.26 | $165.19 | -2.4% | 0.1% | |
| PRM | $6.1M | 0.10% | $24.42 | $33.40 | +36.8% | 0.1% | |
| BRKB | $5.0M | 0.08% | β | β | 0.1% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (4)
| Ticker | Issuer | Notional | Since Filing |
|---|---|---|---|
| CRMCALL | $134.0M | -8.2% | |
| NOW | $114.6M | +6.6% | |
| CRMCALL | $18.7M | -8.2% | |
| PRM | $6.1M | +36.8% |
Exited Positions (2)
| Ticker | Issuer | Notional |
|---|---|---|
| DHR | $15.9M | |
| KMX | $5.8M |
Increased (6)
| Ticker | Issuer | Notional | Shares Ξ | Since Filing |
|---|---|---|---|---|
| FICO | $-80.7M | +31.1% | +23.2% | |
| CCC | $-8.4M | +26.9% | -5.8% | |
| GSHD | $-8.4M | +19.5% | +29.6% | |
| ROP | $-47.0M | +13.8% | +3.8% | |
| CSGP | $-229.3M | +7.6% | -26.9% | |
| CPRT | $-42.5M | +1.7% | -11.4% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Ξ | Since Filing |
|---|---|---|---|---|
| AMT | $-36.0M | -80.1% | -2.4% | |
| ORLY | $-254.2M | -42.2% | -6.7% | |
| ABNB | $-214.5M | -41.4% | +17.6% | |
| V | $-443.4M | -38.8% | +16.5% | |
| BN | $-542.8M | -36.6% | +8.3% | |
| MCO | $-342.8M | -28.2% | +15.6% | |
| MA | $-575.9M | -24.1% | +6.9% | |
| $-411.9M | -17.1% |
Quarter Activity
During the quarter, Akre Capital Management initiated notable new positions in CRM and NOW, with investments totaling $134 million and $115 million respectively, alongside smaller positions in CRM again and PRM. The fund exited its stakes in DHR and KMX. There was a significant reduction in holdings in AMT, ORLY, ABNB, and V, indicating a shift in the fund's portfolio concentration away from these entities.
AI Commentary
<p>Akre Capital Management's portfolio showcases a strong conviction in the financial services and technology sectors, with significant investments in major payment processing companies. Mastercard Incorporated (MA) and Visa Inc (V) are prominent positions, highlighting a bullish stance on the payment processing industry. The fund's top holdings also include Brookfield Corp (BN), Moody's Corp (MCO), and Roper Technologies Inc (ROP), indicating a diversified interest across financial services, real estate, and industrial technology. Notably, Mastercard alone constitutes 18.6% of the portfolio, underscoring its status as the fund's largest bet.</p> <p>The recent portfolio adjustments signal a strategic shift towards software and services, evidenced by new positions in Salesforce (CRM) and ServiceNow (NOW), and an increase in positions like Fair Isaac Corp (FICO) and CoStar Group Inc (CSGP). Conversely, significant reductions in American Tower Corp (AMT), O'Reilly Automotive Inc (ORLY), and Airbnb Inc (ABNB) suggest a move away from real estate and consumer services. The closure of positions in Danaher Corp (DHR) and CarMax Inc (KMX) further emphasizes this pivot. These changes may reflect Akre Capital's adaptation to evolving market conditions, possibly anticipating greater growth in tech-driven sectors.</p>