What Akre Capital Management LLC changed, 2013 to 2026
53 quarterly 13F filings, from Q2 2013 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.
Reported book
$5.1bn
$2.2bn at Q2 2013
Positions
20
37 at Q2 2013
Top ten weight
88%
69% at Q2 2013
Typical quarterly turnover
about 1%
Estimated from share changes
- Q2 2013: $2.2bn
- Q3 2013: $2.3bn
- Q4 2013: $2.7bn
- Q1 2014: $3.1bn
- Q2 2014: $3.4bn
- Q3 2014: $3.5bn
- Q4 2014: $3.8bn
- Q1 2015: $3.9bn
- Q2 2015: $4.2bn
- Q3 2015: $4.3bn
- Q4 2015: $4.5bn
- Q1 2016: $4.7bn
- Q2 2016: $5.0bn
- Q3 2016: $5.2bn
- Q4 2016: $5.5bn
- Q1 2017: $6.1bn
- Q2 2017: $6.2bn
- Q3 2017: $6.8bn
- Q4 2017: $7.2bn
- Q1 2018: $7.6bn
- Q2 2018: $7.9bn
- Q3 2018: $8.6bn
- Q4 2018: $7.9bn
- Q1 2019: $9.5bn
- Q2 2019: $9.9bn
- Q3 2019: $10.1bn
- Q4 2019: $10.9bn
- Q1 2020: $10.3bn
- Q2 2020: $13.3bn
- Q3 2020: $14.2bn
- Q4 2020: $14.8bn
- Q1 2021: $14.7bn
- Q2 2021: $16.2bn
- Q3 2021: $16.2bn
- Q4 2021: $17.9bn
- Q1 2022: $14.7bn
- Q2 2022: $12.5bn
- Q3 2022: $11.3bn
- Q4 2022: $11.1bn
- Q1 2023: $11.4bn
- Q2 2023: $12.0bn
- Q3 2023: $11.5bn
- Q4 2023: $11.9bn
- Q1 2024: $12.1bn
- Q2 2024: $11.4bn
- Q3 2024: $12.0bn
- Q4 2024: $11.6bn
- Q1 2025: $10.4bn
- Q2 2025: $10.2bn
- Q3 2025: $10.0bn
- Q4 2025: $9.1bn
- Q1 2026: $6.1bn
- Q2 2026: $5.1bn
- Q2 2013: 69%
- Q3 2013: 72%
- Q4 2013: 73%
- Q1 2014: 70%
- Q2 2014: 72%
- Q3 2014: 71%
- Q4 2014: 71%
- Q1 2015: 71%
- Q2 2015: 72%
- Q3 2015: 69%
- Q4 2015: 72%
- Q1 2016: 72%
- Q2 2016: 73%
- Q3 2016: 72%
- Q4 2016: 71%
- Q1 2017: 74%
- Q2 2017: 79%
- Q3 2017: 80%
- Q4 2017: 81%
- Q1 2018: 81%
- Q2 2018: 81%
- Q3 2018: 80%
- Q4 2018: 81%
- Q1 2019: 81%
- Q2 2019: 84%
- Q3 2019: 86%
- Q4 2019: 84%
- Q1 2020: 78%
- Q2 2020: 77%
- Q3 2020: 76%
- Q4 2020: 75%
- Q1 2021: 77%
- Q2 2021: 77%
- Q3 2021: 76%
- Q4 2021: 73%
- Q1 2022: 81%
- Q2 2022: 84%
- Q3 2022: 82%
- Q4 2022: 91%
- Q1 2023: 92%
- Q2 2023: 93%
- Q3 2023: 93%
- Q4 2023: 96%
- Q1 2024: 95%
- Q2 2024: 95%
- Q3 2024: 95%
- Q4 2024: 95%
- Q1 2025: 95%
- Q2 2025: 95%
- Q3 2025: 93%
- Q4 2025: 93%
- Q1 2026: 87%
- Q2 2026: 88%
The positions that defined it
Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.
| Position | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Mastercard Inc(MA)Class A | Q2 2013 | $2.3bnQ3 2023 | $1.0bn | |
| Moodys Corp(MCO) | Q2 2013 | $2.2bnQ4 2021 | $524m | |
| Brookfield Corp(BN)Class A LTD VT SH | Q4 2022 | $1.3bnQ3 2025 | $516m | |
| KKR & Co L P Del(KKR)Common Units | Q2 2018 | $1.5bnQ4 2024 | $457m | |
| Fair Isaac Corp(FICO) | Q2 2025 | $469mQ4 2025 | $432m | |
| Roper Inds Inc New(ROP) | Q1 2014 | $870mQ2 2024 | $398m | |
| Visa Inc(V)Common Class A | Q2 2013 | $1.2bnQ2 2021 | $381m | |
| Costar Group Inc(CSGP) | Q4 2019 | $893mQ4 2020 | $331m | |
| Copart Inc(CPRT) | Q2 2025 | $308mQ4 2025 | $225m | |
| O Reilly Automotive Inc New(ORLY) | Q2 2013 | $1.2bnQ1 2025 | $199m | |
| Airbnb Inc(ABNB)Common Class A | Q2 2024 | $471mQ4 2025 | $169m | |
| CCC Intelligent Solutions HL(CCC) | Q1 2024 | $197mQ4 2025 | $154m | |
| Carmax Inc(KMX) | Q4 2013 | $949mQ4 2021 | Soldlast listed Q4 2025 | |
| Adobe Inc(ADBE) | Q1 2020 | $896mQ2 2021 | Soldlast listed Q2 2023 | |
| Brookfield Asset MGMT IncClass A LTD VT SH | Q3 2019 | $793mQ4 2021 | Soldlast listed Q3 2022 | |
| Sba Communications Corp(SBAC) | Q3 2019 | $785mQ3 2020 | Soldlast listed Q4 2021 | |
| Mastercard Inc(MA) | Q2 2022 | $623mQ3 2023 | Soldlast listed Q3 2023 | |
| Markel Corp(MKL) | Q2 2013 | $610mQ3 2018 | Soldlast listed Q2 2021 | |
| Dollar Tree Inc(DLTR) | Q2 2013 | $581mQ3 2019 | Soldlast listed Q1 2024 | |
| Verisk Analytics Inc(VRSK)Class A | Q2 2013 | $559mQ4 2021 | Soldlast listed Q3 2025 |
Quarter by quarter
Q4 2025: $9.1bn across 18 positions
Against Q3 2025: 0 new, 6 added to, 9 trimmed, 1 sold out, across all 18 positions.
Turnover about 6% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Copart Inc (CPRT)+$118m
- Fair Isaac Corp (FICO)+$79m
- CCC Intelligent Solutions HL (CCC)+$49m
- Goosehead Ins Inc (GSHD)+$84k
- Brookfield Corp (BN)+-$86m
- Costar Group Inc (CSGP)+-$138m
Largest reductions
- O Reilly Automotive Inc New (ORLY)-$316m
- Danaher Corp Del (DHR)-$158m
- Moodys Corp (MCO)-$123m
- KKR & Co L P Del (KKR)-$99m
- Roper Inds Inc New (ROP)-$85m
- Mastercard Inc (MA)-$79m
- Visa Inc (V)-$76m
- American Tower Corp New (AMT)-$40m
Opened
Nothing new among the largest positions.
Sold out
- Verisk Analytics Inc (VRSK)was $2.1m
Largest positions, Q4 2025
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Mastercard Inc (MA) | $1.7bn | 18.8% | Trimmed |
| Brookfield Corp (BN) | $1.2bn | 13.5% | Added |
| KKR & Co L P Del (KKR) | $1.0bn | 11.3% | Trimmed |
| Visa Inc (V) | $939m | 10.3% | Trimmed |
| Moodys Corp (MCO) | $886m | 9.7% | Trimmed |
| Costar Group Inc (CSGP) | $647m | 7.1% | Added |
| O Reilly Automotive Inc New (ORLY) | $613m | 6.7% | Trimmed |
| Roper Inds Inc New (ROP) | $492m | 5.4% | Trimmed |
| Airbnb Inc (ABNB) | $471m | 5.2% | Held |
| Fair Isaac Corp (FICO) | $469m | 5.1% | Added |
| Copart Inc (CPRT) | $308m | 3.4% | Added |
| CCC Intelligent Solutions HL (CCC) | $197m | 2.2% | Added |
| American Tower Corp New (AMT) | $45m | 0.5% | Trimmed |
| Goosehead Ins Inc (GSHD) | $27m | 0.3% | Added |
| Sophia Genetics SA (SOPH) | $17m | 0.2% | Held |
| Danaher Corp Del (DHR) | $16m | 0.2% | Trimmed |
| Berkshire Hathaway Inc Del (BRK-B) | $6.0m | 0.1% | Trimmed |
| Carmax Inc (KMX) | $5.8m | 0.1% | Held |
The books most like this one
Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.
| Manager | Overlap | Stocks in both | Overlap over time | |
|---|---|---|---|---|
| Pershing Square Capital Management LP | 21% | 3 | Compare | |
| TCI Fund Management Ltd | 18% | 2 | Compare | |
| Polen Capital Management LLC | 17% | 5 | Compare | |
| Egerton Capital UK LLP | 17% | 3 | Compare | |
| ValueAct Holdings LP | 15% | 3 | Compare | |
| Markel Group Inc | 9.8% | 7 | Compare | |
| Harris Associates LP | 6.8% | 8 | Compare | |
| Viking Global Investors LP | 6.3% | 1 | Compare |
The filings behind it
Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.
| Quarter | Filer | Book | Amended | Filing |
|---|---|---|---|---|
| Q2 2026 | Akre Capital Management LLC | $5.1bn | 13F-HR | |
| Q1 2026 | Akre Capital Management LLC | $6.1bn | 13F-HR | |
| Q4 2025 | Akre Capital Management LLC | $9.1bn | 13F-HR | |
| Q3 2025 | Akre Capital Management LLC | $10.0bn | 13F-HR | |
| Q2 2025 | Akre Capital Management LLC | $10.2bn | 13F-HR | |
| Q1 2025 | Akre Capital Management LLC | $10.4bn | 13F-HR | |
| Q4 2024 | Akre Capital Management LLC | $11.6bn | 13F-HR | |
| Q3 2024 | Akre Capital Management LLC | $12.0bn | 13F-HR | |
| Q2 2024 | Akre Capital Management LLC | $11.4bn | 13F-HR | |
| Q1 2024 | Akre Capital Management LLC | $12.1bn | 1 | 13F-HR |
| Q4 2023 | Akre Capital Management LLC | $11.9bn | 13F-HR | |
| Q3 2023 | Akre Capital Management LLC | $11.5bn | 13F-HR | |
| Q2 2023 | Akre Capital Management LLC | $12.0bn | 13F-HR | |
| Q1 2023 | Akre Capital Management LLC | $11.4bn | 13F-HR | |
| Q4 2022 | Akre Capital Management LLC | $11.1bn | 13F-HR | |
| Q3 2022 | Akre Capital Management LLC | $11.3bn | 13F-HR | |
| Q2 2022 | Akre Capital Management LLC | $12.5bn | 13F-HR | |
| Q1 2022 | Akre Capital Management LLC | $14.7bn | 13F-HR | |
| Q4 2021 | Akre Capital Management LLC | $17.9bn | 13F-HR | |
| Q3 2021 | Akre Capital Management LLC | $16.2bn | 13F-HR | |
| Q2 2021 | Akre Capital Management LLC | $16.2bn | 13F-HR | |
| Q1 2021 | Akre Capital Management LLC | $14.7bn | 13F-HR | |
| Q4 2020 | Akre Capital Management LLC | $14.8bn | 13F-HR | |
| Q3 2020 | Akre Capital Management LLC | $14.2bn | 13F-HR | |
| Q2 2020 | Akre Capital Management LLC | $13.3bn | 13F-HR | |
| Q1 2020 | Akre Capital Management LLC | $10.3bn | 13F-HR | |
| Q4 2019 | Akre Capital Management LLC | $10.9bn | 13F-HR | |
| Q3 2019 | Akre Capital Management LLC | $10.1bn | 13F-HR | |
| Q2 2019 | Akre Capital Management LLC | $9.9bn | 13F-HR | |
| Q1 2019 | Akre Capital Management LLC | $9.5bn | 13F-HR | |
| Q4 2018 | Akre Capital Management LLC | $7.9bn | 13F-HR | |
| Q3 2018 | Akre Capital Management LLC | $8.6bn | 13F-HR | |
| Q2 2018 | Akre Capital Management LLC | $7.9bn | 13F-HR | |
| Q1 2018 | Akre Capital Management LLC | $7.6bn | 13F-HR | |
| Q4 2017 | Akre Capital Management LLC | $7.2bn | 13F-HR | |
| Q3 2017 | Akre Capital Management LLC | $6.8bn | 13F-HR | |
| Q2 2017 | Akre Capital Management LLC | $6.2bn | 13F-HR | |
| Q1 2017 | Akre Capital Management LLC | $6.1bn | 13F-HR | |
| Q4 2016 | Akre Capital Management LLC | $5.5bn | 1 | 13F-HR |
| Q3 2016 | Akre Capital Management LLC | $5.2bn | 13F-HR | |
| Q2 2016 | Akre Capital Management LLC | $5.0bn | 13F-HR | |
| Q1 2016 | Akre Capital Management LLC | $4.7bn | 13F-HR | |
| Q4 2015 | Akre Capital Management LLC | $4.5bn | 13F-HR | |
| Q3 2015 | Akre Capital Management LLC | $4.3bn | 13F-HR | |
| Q2 2015 | Akre Capital Management LLC | $4.2bn | 13F-HR | |
| Q1 2015 | Akre Capital Management LLC | $3.9bn | 13F-HR | |
| Q4 2014 | Akre Capital Management LLC | $3.8bn | 13F-HR | |
| Q3 2014 | Akre Capital Management LLC | $3.5bn | 13F-HR | |
| Q2 2014 | Akre Capital Management LLC | $3.4bn | 13F-HR | |
| Q1 2014 | Akre Capital Management LLC | $3.1bn | 13F-HR | |
| Q4 2013 | Akre Capital Management LLC | $2.7bn | 13F-HR | |
| Q3 2013 | Akre Capital Management LLC | $2.3bn | 13F-HR | |
| Q2 2013 | Akre Capital Management LLC | $2.2bn | 13F-HR |
Reading this record
A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.
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