13F filing recap · Q3 2003

What did Akre Capital Management buy in Q3 2003?

Reported stock-position changes between this filing and the previous one.

Stock value

$365.88M

Positions

Estimated turnover

52.3%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

MGAMMultimedia Games, Inc.$21.84Mreported value+600.0K shares KMXCarmax, Inc.$13.29Mreported value+407.0K shares UNMUnum Group$12.72Mreported value+861.0K shares PTPPlatinum Underwriters Holdings, Ltd.$11.24Mreported value+400.0K shares PREPartnerre Ltd$10.13Mreported value+200.0K shares GISXGlobal Imaging Systems$8.88Mreported value+361.0K shares HRHHilb, Rogal & Hobbs Company$6.83Mreported value+220.0K shares TOLToll Brothers, Inc.$6.08Mreported value+200.0K shares RYLCalatlantic Group Inc$5.85Mreported value+80.0K shares PVACPenn Virginia Corporation$5.11Mreported value+115.7K shares MCRIMonarch Casino & Resort Inc$4.48Mreported value+402.7K shares KSLKaneb Services$3.85Mreported value+144.6K shares COKECoca-Cola Consolidated, Inc.$3.00Mreported value+60.0K shares SSprint Nextel Corporation$2.87Mreported value+500.0K shares BZHBeazer Homes Usa, Inc.$2.53Mreported value+30.0K shares AMWDAmerican Woodmark Corporation$2.24Mreported value+50.0K shares MWHXMarkwest Hydrocarbon, Inc.$1.85Mreported value+255.4K shares WTMWhite Mountains Insurance Group, Ltd$794.0Kreported value+2.0K shares RGCGBPRegal Entertainment Group$744.0Kreported value+40.0K shares AFCAllmerica Financial Corp$660.0Kreported value+27.7K shares CBChubb Limited$649.0Kreported value+10.0K shares DLMDelaware Monte Foods Co.$261.0Kreported value+30.0K shares FGMGQFlorida Gaming Corp$96.0Kreported value+27.5K shares

Increased positions

AMTAmerican Tower Corporation$51.64Mreported value+1.10M shares+27.5%MKLMarkel Group Inc.$46.83Mreported value+10.1K shares+6.1%ACFGeneral Motors Financial Co Inc$17.13Mreported value+173.0K shares+11.6%AGIAlliance Gaming Corp$10.75Mreported value+1.0K shares

Reduced positions

PENNPenn Entertainment, Inc.$40.22Mreported value-27.5K shares-1.4%ISCAInternational Speedway Corporation$9.88Mreported value-8.6K shares-3.7%BRK.ABerkshire Hathaway Inc$7.58Mreported value-22 shares-17.9%ISCAInternational Speedway Corporation$5.07Mreported value-38.1K shares

Exited positions

ABTAbbott Laboratories$529.0Kprior reported value-12.1K shares-100.0%MOAltria Group, Inc.$409.0Kprior reported value-9.0K shares-100.0%KOCoca Cola Co$371.0Kprior reported value-8.0K shares-100.0%BMYBristol-Myers Squibb Company$263.0Kprior reported value-9.7K shares