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.
History
Chuck Akre starts the firm around a quality-compounder philosophy.
A mutual fund brings the concentrated compounder strategy to a broader base.
Akre hands day-to-day portfolio management to long-time partners John Neff and Chris Cerrone.
2026 Q2 holdings
| # | 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 | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|
| 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 | $112.5M | $134.0M | — | — |
| BRK-BBerkshire Hathaway Inc Del | $4.1M | $5.0M | $6.0M | $7.0M |
Excludes 1 option position — a put or call is a claim on shares, not a share position. They are listed in the holdings table with their Put/Call class.