AKRE CAPITAL MANAGEMENT LLC
Long book
$6.12B
Q1 2026
Positions
19
Top-10 weight
88%
concentration
Last quarter
+4.9%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsAKRE CAPITAL MANAGEMENT LLC is a high-conviction value investor, running a $6.12B US long book across 19 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: MASTERCARD INC - A, BROOKFIELD CORP, KKR & CO INC, MOODY'S CORP, VISA INC-CLASS A SHARES.
Over the last 9 quarters its long book ran on average 4pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.9%
Q2 2024
+12.8%
Q3 2024
+1.3%
Q4 2024
+2.1%
Q1 2025
+4.3%
Q2 2025
+0.6%
Q3 2025
-1.9%
Q4 2025
-17.1%
Q1 2026
+4.9%
Sector allocation
Services media 53%
Technology 15%
Real estate 11%
Financials 11%
Consumer discretionary 10%
Materials 0%
Long book by quarter
What does AKRE CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MA MASTERCARD INC - A | Services media | 2.3M | $1.14B | 18.6% | -24.1% |
| BN BROOKFIELD CORP | Real estate | 17.0M | $689.1M | 11.3% | -36.6% |
| KKR KKR & CO INC | Financials | 6.7M | $621.4M | 10.2% | -17.1% |
| MCO MOODY'S CORP | Services media | 1.2M | $543.6M | 8.9% | -28.2% |
| V VISA INC-CLASS A SHARES | Services media | 1.6M | $495.3M | 8.1% | -38.8% |
| ROP ROPER TECHNOLOGIES INC | Technology | 1.3M | $444.9M | 7.3% | +13.8% |
| CSGP COSTAR GROUP INC | Services media | 10.3M | $417.4M | 6.8% | +7.6% |
| FICO FAIR ISAAC CORP | Services media | 363.8K | $388.3M | 6.3% | +31.1% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 3.9M | $358.7M | 5.9% | -42.2% |
| CPRT COPART INC | Consumer discretionary | 8.0M | $265.6M | 4.3% | +1.7% |
| ABNB AIRBNB INC-CLASS A | Services media | 2.0M | $256.9M | 4.2% | -41.4% |
| CCC CCC INTELLIGENT SOLUTIONS HO | Technology | 31.5M | $189.1M | 3.1% | +26.9% |
| CRM SALESFORCE INC | Technology | 717.8K | $134.0M | 2.2% | New |
| NOW SERVICENOW INC | Technology | 1.1M | $114.6M | 1.9% | New |
| GSHD GOOSEHEAD INSURANCE INC -A | Financials | 443.4K | $18.9M | 0.3% | +19.5% |
| SOPH SOPHIA GENETICS SA | Technology | 3.7M | $18.4M | 0.3% | Held |
| PRM PERIMETER SOLUTIONS INC | Materials | 250.0K | $6.1M | 0.1% | New |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 10.3K | $5.0M | 0.1% | -13.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 20 | $6.13B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 18 | $9.12B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 19 | $10.03B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 19 | $10.21B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 18 | $10.40B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 18 | $11.56B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 18 | $12.02B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 19 | $11.37B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | May 23, 2024 | 21 | $12.09B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 20 | $12.09B | canonical | SEC ↗ |