Fund · 13F holdings
Akre Capital Management, LLC
Chuck Akre · Middleburg, VA · Founded 1989
Akre Capital Management is a Middleburg, Virginia firm founded in 1989 by Chuck Akre. It invests in a small number of high-return "compounders" — businesses with durable competitive advantages, able to reinvest at high rates of return — an approach Akre describes with his "three-legged stool": business quality, management, and reinvestment.
Akre stepped back from day-to-day portfolio management in 2020; the strategy is now run by John Neff and Chris Cerrone. The book is famously concentrated in names like Mastercard, Visa and Moody's.
How to read these tables. A Form 13F reports each holding's market value as of the quarter-end date and the share count — not the price the fund paid, when it bought, or any short positions. Buys and sells are inferred by comparing share counts across quarters. Put/call lines are options (often hedges), and their value is notional rather than a straight equity stake. Figures are the fund's US-listed 13(f) holdings only; private positions appear when the manager reports them.
History
1989
Akre Capital founded
Chuck Akre starts the firm around a quality-compounder philosophy.
2009
Akre Focus Fund launched
A mutual fund brings the concentrated compounder strategy to a broader base.
2020
Succession to Neff and Cerrone
Akre hands day-to-day portfolio management to long-time partners John Neff and Chris Cerrone.
Q2 2026 holdings
Period end
2026-06-30
Filed
2026-08-14
Portfolio value
$5.12B
Positions
20
We track
6
| # | Company | Class | Value | Shares | % Port. | vs prior |
|---|---|---|---|---|---|---|
| 1 | MAMastercard Incorporated★ | CL A | $1.02B | 2.0M | 20.0% | TRIM |
| 2 | Moodys Corp | COM | $524.0M | 1.2M | 10.2% | TRIM |
| 3 | Brookfield Corp | CL A LTD VT SH | $516.2M | 12.1M | 10.1% | TRIM |
| 4 | Kkr & Co L P Del | COM UNITS | $457.2M | 5.0M | 8.9% | TRIM |
| 5 | Fair Isaac Corp | COM | $432.3M | 362K | 8.4% | TRIM |
| 6 | Roper Technologies Inc | COM | $398.1M | 1.2M | 7.8% | TRIM |
| 7 | VVisa Inc.★ | COM CL A | $381.1M | 1.1M | 7.4% | TRIM |
| 8 | Costar Group Inc | COM | $331.3M | 11.7M | 6.5% | ADD |
| 9 | Copart Inc | COM | $225.1M | 8.0M | 4.4% | TRIM |
| 10 | Oreilly Automotive Inc | COM | $199.1M | 2.2M | 3.9% | TRIM |
| 11 | Airbnb Inc | COM CL A | $169.4M | 1.2M | 3.3% | TRIM |
| 12 | Ccc Intelligent Solutions Hl | COM | $154.1M | 29.9M | 3.0% | TRIM |
| 13 | NOWServiceNow, Inc.★ | COM | $123.7M | 1.2M | 2.4% | ADD |
| 14 | CRMSalesforce, Inc.★ | COM | $112.5M | 718K | 2.2% | HOLD |
| 15 | Goosehead Ins Inc | COM CL A | $21.5M | 443K | 0.4% | HOLD |
| 16 | Sophia Genetics Sa | ORDINARY SHARES | $21.5M | 3.7M | 0.4% | HOLD |
| 17 | CRMSalesforce, Inc.★ | Call | $15.7M | 100K | 0.3% | HOLD |
| 18 | Perimeter Solutions Inc | COMMON STOCK | $8.9M | 250K | 0.2% | HOLD |
| 19 | American Tower Corp New | COM | $4.8M | 29K | 0.1% | TRIM |
| 20 | BRK-BBerkshire Hathaway Inc. Class B★ | CL B NEW | $4.1M | 8K | 0.1% | TRIM |
Position history in tracked names
Quarter-end value of each holding that has a page on R40, most recent first.
| Stock | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| MAMastercard Incorporated | $1.02B | $1.14B | $1.72B | $1.79B |
| VVisa Inc | $381.1M | $495.3M | $938.7M | $1.02B |
| NOWServicenow Inc | $123.7M | $114.6M | — | — |
| CRMSalesforce Inc | $128.1M | $152.7M | — | — |
| BRK-BBerkshire Hathaway Inc Del | $4.1M | $5.0M | $6.0M | $7.0M |
Earlier filings
Q1 2026 · 20 positions · $6.13B · filed 2026-05-14
| # | Company | Class | Value | Shares | % Port. | vs prior |
|---|---|---|---|---|---|---|
| 1 | MAMastercard Incorporated★ | CL A | $1.14B | 2.3M | 18.6% | TRIM |
| 2 | Brookfield Corp | CL A LTD VT SH | $689.1M | 17.0M | 11.2% | TRIM |
| 3 | Kkr & Co L P Del | COM UNITS | $621.4M | 6.7M | 10.1% | TRIM |
| 4 | Moodys Corp | COM | $543.6M | 1.2M | 8.9% | TRIM |
| 5 | VVisa Inc.★ | COM CL A | $495.3M | 1.6M | 8.1% | TRIM |
| 6 | Roper Technologies Inc | COM | $444.9M | 1.3M | 7.3% | ADD |
| 7 | Costar Group Inc | COM | $417.4M | 10.3M | 6.8% | ADD |
| 8 | Fair Isaac Corp | COM | $388.3M | 364K | 6.3% | ADD |
| 9 | Oreilly Automotive Inc | COM | $358.7M | 3.9M | 5.8% | TRIM |
| 10 | Copart Inc | COM | $265.6M | 8.0M | 4.3% | ADD |
| 11 | Airbnb Inc | COM CL A | $256.9M | 2.0M | 4.2% | TRIM |
| 12 | Ccc Intelligent Solutions Hl | COM | $189.1M | 31.5M | 3.1% | ADD |
| 13 | CRMSalesforce, Inc.★ | COM | $134.0M | 718K | 2.2% | NEW |
| 14 | NOWServiceNow, Inc.★ | COM | $114.6M | 1.1M | 1.9% | NEW |
| 15 | Goosehead Ins Inc | COM CL A | $18.9M | 443K | 0.3% | ADD |
| 16 | CRMSalesforce, Inc.★ | Call | $18.7M | 100K | 0.3% | NEW |
| 17 | Sophia Genetics Sa | ORDINARY SHARES | $18.4M | 3.7M | 0.3% | HOLD |
| 18 | American Tower Corp New | COM | $8.8M | 51K | 0.1% | TRIM |
| 19 | Perimeter Solutions Inc | COMMON STOCK | $6.1M | 250K | 0.1% | NEW |
| 20 | BRK-BBerkshire Hathaway Inc. Class B★ | CL B NEW | $5.0M | 10K | 0.1% | TRIM |
Q4 2025 · 18 positions · $9.12B · filed 2026-02-13
| # | Company | Class | Value | Shares | % Port. | vs prior |
|---|---|---|---|---|---|---|
| 1 | MAMastercard Incorporated★ | CL A | $1.72B | 3.0M | 18.8% | TRIM |
| 2 | Brookfield Corp | CL A LTD VT SH | $1.23B | 26.8M | 13.5% | ADD |
| 3 | Kkr & Co L P Del | COM UNITS | $1.03B | 8.1M | 11.3% | TRIM |
| 4 | VVisa Inc.★ | COM CL A | $938.7M | 2.7M | 10.3% | TRIM |
| 5 | Moodys Corp | COM | $886.4M | 1.7M | 9.7% | TRIM |
| 6 | Costar Group Inc | COM | $646.7M | 9.6M | 7.1% | ADD |
| 7 | Oreilly Automotive Inc | COM | $612.9M | 6.7M | 6.7% | TRIM |
| 8 | Roper Technologies Inc | COM | $491.9M | 1.1M | 5.4% | TRIM |
| 9 | Airbnb Inc | COM CL A | $471.4M | 3.5M | 5.2% | HOLD |
| 10 | Fair Isaac Corp | COM | $469.1M | 277K | 5.1% | ADD |
| 11 | Copart Inc | COM | $308.0M | 7.9M | 3.4% | ADD |
| 12 | Ccc Intelligent Solutions Hl | COM | $197.5M | 24.8M | 2.2% | ADD |
| 13 | American Tower Corp New | COM | $44.8M | 255K | 0.5% | TRIM |
| 14 | Goosehead Ins Inc | COM CL A | $27.3M | 371K | 0.3% | ADD |
| 15 | Sophia Genetics Sa | ORDINARY SHARES | $17.4M | 3.7M | 0.2% | HOLD |
| 16 | Danaher Corporation | COM | $15.9M | 70K | 0.2% | TRIM |
| 17 | BRK-BBerkshire Hathaway Inc. Class B★ | CL B NEW | $6.0M | 12K | 0.1% | TRIM |
| 18 | Carmax Inc | COM | $5.8M | 151K | 0.1% | HOLD |
Q3 2025 · 19 positions · $10.03B · filed 2025-11-13
| # | Company | Class | Value | Shares | % Port. | vs prior |
|---|---|---|---|---|---|---|
| 1 | MAMastercard Incorporated★ | CL A | $1.79B | 3.2M | 17.9% | |
| 2 | Brookfield Corp | CL A LTD VT SH | $1.32B | 19.2M | 13.1% | |
| 3 | Kkr & Co L P Del | COM UNITS | $1.13B | 8.7M | 11.3% | |
| 4 | VVisa Inc.★ | COM CL A | $1.02B | 3.0M | 10.1% | |
| 5 | Moodys Corp | COM | $1.01B | 2.1M | 10.1% | |
| 6 | Oreilly Automotive Inc | COM | $928.5M | 8.6M | 9.3% | |
| 7 | Costar Group Inc | COM | $785.2M | 9.3M | 7.8% | |
| 8 | Roper Technologies Inc | COM | $576.8M | 1.2M | 5.8% | |
| 9 | Airbnb Inc | COM CL A | $421.7M | 3.5M | 4.2% | |
| 10 | Fair Isaac Corp | COM | $390.4M | 261K | 3.9% | |
| 11 | Copart Inc | COM | $190.5M | 4.2M | 1.9% | |
| 12 | Danaher Corporation | COM | $173.4M | 875K | 1.7% | |
| 13 | Ccc Intelligent Solutions Hl | COM | $148.2M | 16.3M | 1.5% | |
| 14 | American Tower Corp New | COM | $85.2M | 443K | 0.8% | |
| 15 | Goosehead Ins Inc | COM CL A | $27.2M | 366K | 0.3% | |
| 16 | Sophia Genetics Sa | ORDINARY SHARES | $17.7M | 3.7M | 0.2% | |
| 17 | BRK-BBerkshire Hathaway Inc. Class B★ | CL B NEW | $7.0M | 14K | 0.1% | |
| 18 | Carmax Inc | COM | $6.8M | 151K | 0.1% | |
| 19 | Verisk Analytics Inc | CL A | $2.1M | 8K | 0.0% |