About Akre Capital Management
Akre Capital Management, founded in 1989 and based in Middleburg, Virginia, is an asset management firm managing around $14.4 billion in assets as of November 2021. Their investment strategy focuses on a small number of exceptional businesses led by skilled, honest managers who effectively reinvest free cash flow. They describe their approach as the "three-legged stool," emphasizing intuition and endurance in their investment choices.
Akre Capital Management 13F Portfolio
As of December 2023, Akre Capital Management's portfolio includes approximately 17 stocks, with their largest investment being in the payment company MasterCard, constituting about 21.3% of their holdings. Here's the detailed list of their holdings according to their latest 13F filing.
Mastercard
Mastercard, a payment industry leader, holds a significant position in AKRE Capital Management's portfolio. While the investment firm slightly decreased its ownership by -0.32%, it still holds the title of the biggest position in the Akre Capital Portfolio. Here are some financial numbers for Mastercard.
- Revenue: $22.24B
- Net Income: $9.93B
- Profit Margin: 44.6%
Moody's Corp
Akre Capital Management reduced its ownership in Moody's Corp by 3.53% during the third quarter. The decision to reduce its holdings could be attributed to a decrease in profit margin from 35% in 2021 to 25.13% in 2022. Moody's Corp still maintains a 14% size in Akre Capital's portfolio.
Here are some financial numbers for Moody's Corp.
- Revenue: $5.47B
- Net Income: $1.37B
- Profit Margin: 25.13%
KKR & Co Inc
KKR & Co. Inc. is a private equity and real estate investment firm specializing in direct and fund investments. Akre Capital added approximately 1.677 million shares of KKR & Co in Q3 2022, this was the biggest addition to Akre Capital's portfolio.
Here are some financial numbers for KKR & Co. Inc:
- Revenue: $7.62B
- Net Income: -$910.13M
- Profit Margin: -11.5%
Adobe Inc
Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. Akre Capital sold 100% of its stake of over 1.064 million shares of Adobe in Q3 2023.
Here are some financial numbers for Adobe Inc.:
- Revenue: $17.61B
- Net Income: $4.76B
- Profit Margin: 27.01%
Other Significant Changes
Buys:
- CoStar Group Inc: Added 1.94%
- American Tower Corp: Added 0.35%
Sells:
- DigitalBridge Group, Inc: Reduced by 11.41%
- Brookfield Asset Management Inc: Reduced by 6.17%
- Visa Inc: Reduced by 2.46%
- Moody's Corp: Reduced by 3.53%
- CarMax Inc: Reduced by 4.12%
- Dollar Tree Inc: Reduced by 4.56%
- Roper Technologies Inc: Reduced by 4.88%
- O'Reilly Automotive: Reduced by 5.23%