13F filing recap · Q1 2008

What did Akre Capital Management buy in Q1 2008?

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

Stock value

$1.69B

Positions

Estimated turnover

11.7%

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

ESGREnstar Group Limited$35.03Mreported value+314.8K shares MWEMarkwest Energy Partners L.p.$23.38Mreported value+758.0K shares LEHLehman Brothers Holdings Inc$3.76Mreported value+100.0K shares

Increased positions

NDN99 Cents Only Stores$93.50Mreported value+61.1K shares+0.7%KMXCarmax, Inc.$90.55Mreported value+54.7K shares+1.2%LAMRLamar Advertising Co/new$87.94Mreported value+1.88M shares+331.0%BYIBally Technologies Inc$81.95Mreported value+9.7K shares

Reduced positions

AMTAmerican Tower Corporation$318.35Mreported value-25.9K shares-0.3%PENNPenn Entertainment, Inc.$313.02Mreported value-15.1K shares-0.2%MKLMarkel Group Inc.$182.47Mreported value-1.6K shares-0.4%ACFGeneral Motors Financial Co Inc$34.51Mreported value-10.9K shares

Exited positions

MWHXMarkwest Hydrocarbon, Inc.$22.68Mprior reported value-362.0K shares-100.0%PGRProgressive Corp/oh/$243.0Kprior reported value-12.7K shares-100.0%BYDBoyd Gaming Corp$238.0Kprior reported value-7.0K shares-100.0%