Exploring the Latest 13F Filing and Investment Adjustments
Akre Capital Management (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into its investment moves during this period.
Founded in 1989, Akre Capital Management, LLC, is an asset management firm located in Middleburg, Virginia, with investments in private funds, mutual fund (the Akre Focus Fund), and separately managed account assets. Akre Capital Management invests in a small number of what it believes to be extraordinary businesses that are run by talented and honest managers who wisely reinvest free cash flow. The firm calls this intuitive, enduring approach its “three-legged stool.” Akre Capital Management's investment objective is to compound the firm's investors' capital at above-average rates of return over extended periods of time, while incurring a below-average level of risk. Working side by side on investments with CIO, John Neff, are Andrew Millette and Trey Tickner.
Key Position Increases
Akre Capital Management (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them:
- The most notable increase was CoStar Group Inc (CSGP, Financial), with an additional 379,787 shares, bringing the total to 9,313,880 shares. This adjustment represents a significant 4.25% increase in share count, a 0.24% impact on the current portfolio, with a total value of $666,780,670.
- The second largest increase was Brookfield Corp (BN, Financial), with an additional 30,748 shares, bringing the total to 18,969,179. This adjustment represents a significant 0.16% increase in share count, with a total value of $1,089,779,360.
Key Position Reduces
Akre Capital Management (Trades, Portfolio) also reduced positions in 9 stocks. The most significant changes include:
- Reduced KKR & Co Inc (KKR, Financial) by 1,110,272 shares, resulting in a -9.74% decrease in shares and a -1.21% impact on the portfolio. The stock traded at an average price of $146.98 during the quarter and has returned -8.47% over the past 3 months and -5.86% year-to-date.
- Reduced Moody's Corp (MCO, Financial) by 283,953 shares, resulting in a -8.44% reduction in shares and a -1.12% impact on the portfolio. The stock traded at an average price of $477.36 during the quarter and has returned 10.06% over the past 3 months and 11.26% year-to-date.
Portfolio Overview
At the fourth quarter of 2024, Akre Capital Management (Trades, Portfolio)'s portfolio included 18 stocks, with top holdings including 16.87% in Mastercard Inc (MA, Financial), 13.16% in KKR & Co Inc (KKR), 12.61% in Moody's Corp (MCO), 9.43% in Brookfield Corp (BN, Financial), and 9.18% in O'Reilly Automotive Inc (ORLY, Financial).
The holdings are mainly concentrated in 6 of all the 11 industries: Financial Services, Real Estate, Consumer Cyclical, Technology, Healthcare, and Industrials.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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