Who are Chuck Akre and Akre Capital Management?
Akre Capital Management is an investment firm founded in 1989 by Charles "Chuck" Akre, known for his "three-legged stool" approach to identifying exceptional investments. The firm focuses on a concentrated portfolio of extraordinary businesses characterized by superior returns on capital, talented and ethical management teams, and the ability to reinvest free cash flow at high rates of return. This disciplined strategy has enabled Akre to deliver market-beating returns over multiple decades through long-term ownership of compounding machines rather than frequent trading.
Changes in Q4 2024
New positions: Akre didn't initiate any new positions during Q4 2024, maintaining its focused portfolio strategy.
Bought: The firm modestly increased its stake in CoStar Group, Inc. (CSGP) by adding 379,787 shares and slightly increased its position in Brookfield Corporation (BN) by 30,748 shares.
Sold: Akre significantly reduced several holdings, most notably trimming KKR & Co. Inc. (KKR) by 1,110,272 shares, CarMax, Inc. (KMX) by 629,714 shares, DigitalBridge Group, Inc. (DBRG) by 550,346 shares, and American Tower Corporation (AMT) by 549,119 shares, while making smaller reductions to positions in Moody's Corporation (MCO), Mastercard Incorporated (MA), and several other holdings.
Holdings on December 31, 2024
| Ticker | Company | Weight | Changes | Value | Q4 Return |
|---|---|---|---|---|---|
| MA | Mastercard Incorporated | 16.9% | Trimmed | $1,950,277,845 | +0.74% |
| KKR | KKR & Co. Inc. | 13.2% | Trimmed | $1,521,041,886 | +2.23% |
| MCO | Moody's Corporation | 12.6% | Trimmed | $1,457,471,674 | -8.68% |
| BN | Brookfield Corporation | 9.4% | Added | $1,089,779,362 | +8.27% |
| ORLY | O'Reilly Automotive, Inc. | 9.2% | Trimmed | $1,061,623,024 | +0.30% |
| V | Visa Inc. | 8.9% | $1,034,000,710 | +14.94% | |
| AMT | American Tower Corporation | 8.7% | Trimmed | $1,009,380,978 | -28.29% |
| ROP | Roper Technologies, Inc. | 6.7% | ▼ Trimmed | $770,380,791 | - 7.67% |
| CSGP | CoStar Group, Inc. | 5.8% | Added | $666,780,669 | -1.07% |
| DHR | Danaher Corporation | 3.5% | $407,543,070 | -17.43% | |
| ABNB | Airbnb, Inc. | 3.0% | $348,157,391 | +3.63% | |
| CCCS | CCC Intelligent Solutions Holdings Inc. | 1.1% | $125,292,799 | +6.15% | |
| KMX | CarMax, Inc. | 0.5% | Trimmed | $54,569,649 | -45.63% |
| GSHD | Goosehead Insurance, Inc | 0.3% | $39,255,922 | +20.07% | |
| DBRG | DigitalBridge Group, Inc. | 0.1% | Trimmed | $8,626,152 | -53.58% |
| BRK-B | Berkshire Hathaway Inc. | 0.1% | $6,923,399 | -1.52% | |
| SOPH | SOPHiA GENETICS SA | 0.1% | $6,869,137 | -15.89% | |
| VRSK | Verisk Analytics, Inc. | 0.0% | Liquidated | $3,112,634 | -6.16% |
