Great investors · Chuck Akre · Q3 2024
What Chuck Akre bought and sold in Q3 2024
Akre Capital Management 13F portfolio as of Sep 30, 2024: 18 positions worth $12.0 bn. Largest: MA, MCO, KKR, AMT. Filed with the SEC on Nov 13, 2024.
The 13F is filed by Akre Capital Management, not by Chuck Akre personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q3 2024
- IncreasedAirbnbABNB+1.8 pp
Sells in Q3 2024
- ReducedMoody'sMCO−3.4 pp
- ReducedKKRKKR−2.5 pp
- Sold outSBA CommunicationsSBAC−0.8 pp
- ReducedCarmaxKMX−0.5 pp
5 companies with material moves, out of 16 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Akre Capital Management's Q3 2024 13F lists 18 lines of US-listed securities worth $12.0 bn; the largest is MA at 16.1% of the portfolio. It was accepted by the SEC on Nov 13, 2024 at 3:54 PM ET.
Against the previous quarter, it opened no new positions, closed 1 (SBAC), added to 5 (ABNB, CCC, BN and CSGP and 1 more) and trimmed 10 (MCO, KKR, MA and ORLY and 6 more). 3 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Mastercard MA | 3.9 M | $1.9 bn | 16.1% | −2.9% |
| 2 | Moody's MCO | 3.4 M | $1.6 bn | 13.3% | −20% |
| 3 | KKR KKR | 11.4 M | $1.5 bn | 12.4% | −17% |
| 4 | American Tower AMT | 6.1 M | $1.4 bn | 11.7% | −1.3% |
| 5 | O Reilly Automotive ORLY | 919,065 | $1.1 bn | 8.81% | −3.9% |
| 6 | Brookfield BN | 18.9 M | $1.0 bn | 8.38% | +2.6% |
| 7 | Visa V | 3.3 M | $900M | 7.49% | no change |
| 8 | Roper Technologies ROP | 1.5 M | $834M | 6.94% | −2.9% |
| 9 | CoStar Group CSGP | 8.9 M | $674M | 5.61% | +1.9% |
| 10 | Danaher DHR | 1.8 M | $494M | 4.11% | no change |
| 11 | Airbnb ABNB | 2.6 M | $336M | 2.80% | +183% |
| 12 | CCC Intelligent Solutions Holdings CCC | 10.7 M | $118M | 0.98% | +37% |
| 13 | Carmax KMX | 1.3 M | $100M | 0.84% | −40% |
| 14 | Goosehead Insurance GSHD | 366,125 | $32.7M | 0.27% | no change |
| 15 | DigitalBridge Group DBRG | 1.3 M | $18.6M | 0.15% | −64% |
| 16 | SOPHiA GENETICS SOPH | 2.2 M | $8.2M | 0.07% | +17% |
| 17 | Berkshire Hathaway BRK/B | 15,274 | $7.0M | 0.06% | −3.9% |
| 18 | Verisk Analytics VRSK | 12,378 | $3.3M | 0.03% | −23% |
Positions it closed (1)
- SBA Communications SBACwas 0.86% · 500,000 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Akre Capital Management's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.