13F filing recap · Q3 2009

What did Akre Capital Management buy in Q3 2009?

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

Stock value

$279.87M

Positions

Estimated turnover

131.6%

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

MBRGMiddleburg Financial Corp$1.96Mreported value+150.0K shares EPREpr Properties$343.0Kreported value+10.1K shares

Increased positions

NLYAnnaly Capital Management, Inc.$323.0Kreported value+5.1K shares+40.2%

Reduced positions

AMTAmerican Tower Corporation$42.08Mreported value-3.00M shares-72.2%ESGREnstar Group Limited$37.24Mreported value-267.3K shares-42.2%MKLMarkel Group Inc.$35.08Mreported value-253.0K shares-70.4%PENNPenn Entertainment, Inc.$31.32Mreported value-2.88M shares

Exited positions

POOLPool Corporation$31.72Mprior reported value-1.92M shares-100.0%AMWDAmerican Woodmark Corporation$17.49Mprior reported value-730.2K shares-100.0%FSRFlagstone Reinsurance Holdings$17.17Mprior reported value-1.67M shares-100.0%SSDSimpson Manufacturing Co., Inc.$15.84Mprior reported value