Akre Capital Management LLC
The positions Akre Capital Management LLC reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
Nothing new. The book is the same set of names it held last quarter.
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
Nothing was sold out of. Every name held last quarter is still on the filing.
Every reported position, Q2 2026
20 positions, sorted by weight
| Position | Weight ↑ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
Berkshire Hathaway Inc Del CL B NEW · CUSIP 084670702 | 0.1% | $4.1m | 8,184 | -$900k -2,155 shares | Trimmed |
American Tower Corp New COM · CUSIP 03027X100 | 0.1% | $4.8m | 29,254 | -$4.0m -21,518 shares | Trimmed |
Perimeter Solutions Inc (PRM) COMMON STOCK · CUSIP 71385M107 | 0.2% | $8.9m | 250,000 | +$2.8m 0 shares | Held |
Salesforce Inc (CRM) COM CALL · CUSIP 79466L302 | 0.3% | $16m | 100,000 | -$3.0m 0 shares | Held |
Sophia Genetics SA (SOPH) ORDINARY SHARES · CUSIP H82027105 | 0.4% | $22m | 3,719,140 | +$3.0m 0 shares | Held |
Goosehead Ins Inc COM CL A · CUSIP 38267D109 | 0.4% | $22m | 443,385 | +$2.6m 0 shares | Held |
Salesforce Inc (CRM) COM · CUSIP 79466L302 | 2.2% | $113m | 717,799 | -$22m 0 shares | Held |
Servicenow Inc (NOW) COM · CUSIP 81762P102 | 2.4% | $124m | 1,246,099 | +$9.1m +150,000 shares | Added |
CCC Intelligent Solutions HL COM · CUSIP 12510Q100 | 3.0% | $154m | 29,858,935 | -$35m -1,654,135 shares | Trimmed |
Airbnb Inc (ABNB) COM CL A · CUSIP 009066101 | 3.3% | $169m | 1,183,749 | -$88m -850,724 shares | Trimmed |
Oreilly Automotive Inc COM · CUSIP 67103H107 | 3.9% | $199m | 2,161,818 | -$160m -1,723,995 shares | Trimmed |
Copart Inc (CPRT) COM · CUSIP 217204106 | 4.4% | $225m | 7,985,808 | -$40m -13,130 shares | Trimmed |
Costar Group Inc (CSGP) COM · CUSIP 22160N109 | 6.5% | $331m | 11,699,396 | -$86m +1,351,123 shares | Added |
Visa Inc (V) COM CL A · CUSIP 92826C839 | 7.4% | $381m | 1,110,881 | -$114m -527,917 shares | Trimmed |
Roper Technologies Inc (ROP) COM · CUSIP 776696106 | 7.8% | $398m | 1,176,562 | -$47m -80,670 shares | Trimmed |
Fair Isaac Corp (FICO) COM · CUSIP 303250104 | 8.4% | $432m | 361,826 | +$44m -1,939 shares | Trimmed |
KKR & Co L P Del COM UNITS · CUSIP 48251W104 | 8.9% | $457m | 4,981,486 | -$164m -1,736,592 shares | Trimmed |
Brookfield Corp CL A LTD VT SH · CUSIP 11271J107 | 10% | $516m | 12,119,927 | -$173m -4,907,150 shares | Trimmed |
Moodys Corp COM · CUSIP 615369105 | 10% | $524m | 1,156,893 | -$20m -89,221 shares | Trimmed |
Mastercard Incorporated (MA) CL A · CUSIP 57636Q104 | 20% | $1.0bn | 1,989,906 | -$118m -291,200 shares | Trimmed |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 14 Aug 2026 | $5.1bn | 20 | 88% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 14 May 2026 | $6.1bn | 20 | 87% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 13 Feb 2026 | $9.1bn | 18 | 93% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 13 Nov 2025 | $10.0bn | 19 | 93% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $10.2bn | 19 | 95% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 13 May 2025 | $10.4bn | 18 | 95% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 13 Feb 2025 | $11.6bn | 18 | 95% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 13 Nov 2024 | $12.0bn | 18 | 95% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
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