13F filing recap · Q3 2004

What did Akre Capital Management buy in Q3 2004?

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

Stock value

$739.89M

Positions

Estimated turnover

28.4%

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

NDN99 Cents Only Stores$24.24Mreported value+1.70M shares DLTRDollar Tree, Inc.$16.43Mreported value+609.6K shares ISCBInternational Speedway Corporation$11.52Mreported value+230.4K shares PNKPinnacle Entertainment, Inc.$8.75Mreported value+633.9K shares BGGUSDBriggs & Stratton Corporation$8.12Mreported value+100.0K shares AAPAdvance Auto Parts, Inc.$6.02Mreported value+175.0K shares DNUTKrispy Kreme, Inc.$5.06Mreported value+400.0K shares SSISpectrasite Inc.$4.65Mreported value+100.0K shares FRFHFFairfax Financial Holdings Ltd/ Can$4.12Mreported value+33.0K shares HOVHovnanian Enterprises Inc$3.61Mreported value+90.0K shares BDYBradley Pharmaceuticals, Inc.$3.56Mreported value+175.0K shares CAACalatlantic Group, Inc.$3.38Mreported value+60.0K shares PDQPrime Hospitality$1.22Mreported value+100.0K shares AZOAutozone Inc$927.0Kreported value+12.0K shares

Increased positions

MKLMarkel Group Inc.$94.26Mreported value+49.1K shares+19.1%PENNPenn Entertainment, Inc.$87.67Mreported value+35.2K shares+1.6%AMTAmerican Tower Corporation$86.27Mreported value+176.0K shares+3.2%KMXCarmax, Inc.$40.45Mreported value+299.7K shares

Reduced positions

DHID.r. Horton, Inc.$14.07Mreported value-100.0K shares-19.0%TOLToll Brothers, Inc.$13.90Mreported value-50.0K shares-14.3%SSDSimpson Manufacturing Co., Inc.$6.79Mreported value-10.7K shares-9.1%BACBank of New York Mellon Corp$986.0Kreported value-43.0K shares

Exited positions

ISCAInternational Speedway Corporation$10.98Mprior reported value-226.5K shares-100.0%UPBDUpbound Group, Inc$10.47Mprior reported value-350.0K shares-100.0%FNFFidelity National Financial, Inc.$5.02Mprior reported value-134.5K shares-100.0%