13F filing recap · Q1 2004

What did Akre Capital Management buy in Q1 2004?

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

Stock value

$532.25M

Positions

Estimated turnover

34.6%

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

UPBDUpbound Group, Inc$13.18Mreported value+400.0K shares RRRRed Rock Resorts, Inc.$11.09Mreported value+251.0K shares AROAeropostale Inc.$7.25Mreported value+200.0K shares SSDSimpson Manufacturing Co., Inc.$5.68Mreported value+116.0K shares WSHWillis Group Holdings Plc$5.29Mreported value+142.2K shares PVNProvidian Financial Corporation$5.24Mreported value+400.0K shares AWEAT&T Corp$1.47Mreported value+108.1K shares ITICInvestors Title Co$1.36Mreported value+44.2K shares GSThe Goldman Sachs Group, Inc.$1.04Mreported value+10.0K shares CIACitizens Communications Company$970.0Kreported value+75.0K shares MBGMandalay Resort Group$687.0Kreported value+12.0K shares

Increased positions

PENNPenn Entertainment, Inc.$60.47Mreported value+214.4K shares+11.4%AMTAmerican Tower Corporation$60.40Mreported value+222.4K shares+4.4%MKLMarkel Group Inc.$56.93Mreported value+5.7K shares+3.0%ACFGeneral Motors Financial Co Inc$29.17Mreported value+39.9K shares

Reduced positions

PVACPenn Virginia Corporation$6.42Mreported value-9.8K shares-8.5%

Exited positions

MGAMMultimedia Games, Inc.$25.12Mprior reported value-611.3K shares-100.0%UNMUnum Group$13.58Mprior reported value-861.0K shares-100.0%SSprint Nextel Corporation$5.57Mprior reported value-991.5K shares-100.0%FDCFirst Data Corp$411.0Kprior reported value-10.0K shares