13F filing recap · Q3 2006

What did Akre Capital Management buy in Q3 2006?

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

Stock value

$1.47B

Positions

Estimated turnover

5.0%

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

FGMGQFlorida Gaming Corp$535.0Kreported value+42.8K shares

Increased positions

AMTAmerican Tower Corporation$298.40Mreported value+115.4K shares+1.4%PENNPenn Entertainment, Inc.$267.30Mreported value+147.9K shares+2.1%MKLMarkel Group Inc.$159.73Mreported value+3.1K shares+0.8%KMXCarmax, Inc.$91.50Mreported value+11.7K shares

Reduced positions

PNKPinnacle Entertainment, Inc.$52.80Mreported value-400.7K shares-17.6%HRHHilb, Rogal & Hobbs Company$25.95Mreported value-2.3K shares-0.4%RRRRed Rock Resorts, Inc.$13.58Mreported value-45.9K shares-16.3%ISCAInternational Speedway Corporation$10.44Mreported value-5.1K shares