Chuck Akre

Akre Capital Management LLC · Holdings as of Jun 30, 2023, filed by Aug 15, 2023 · US long stock positions only

Compounders held forever. Turnover near zero.

Reported value

$12B

18 positions shown

Copycat since 2016

3.07x

12% per year

vs SPY

behind

SPY 3.57x same window

Top position

19% of book

Copying these filings vs SPY

$1 at every deadline since 2016

Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.

Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023

The book

tile = share of the filed book · tap a tile for the ticker · Jun 2023

MA 19% MCO 15% AMT 11% V 10% ORLY 9% KKR 7% ROP 7% CSGP 5% BN 5% ADBE 4% DHR 4% KMX 2% BAM 1% DBRG 1%

Symbol	Value	% of book	vs prior quarter
MA	$2.3B	19%	unchanged
MCO	$1.8B	15%	trimmed
AMT	$1.3B	11%	trimmed
V	$1.2B	10%	unchanged
ORLY	$1.1B	9%	trimmed
KKR	$853M	7%	unchanged
ROP	$796M	7%	unchanged
CSGP	$633M	5%	unchanged
BN	$616M	5%	unchanged
ADBE	$520M	4%	trimmed
DHR	$430M	4%	unchanged
KMX	$239M	2%	trimmed
BAM	$120M	1%	unchanged
DBRG	$74M	1%	trimmed
GSHD	$15M	0%	unchanged
BRK.B	$6M	0%	unchanged
DLTR	$4M	0%	unchanged
VRSK	$4M	0%	unchanged

Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.