13F filing recap · Q1 2011

What did Akre Capital Management buy in Q1 2011?

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

Stock value

$514.97M

Positions

Estimated turnover

22.7%

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

ORLYO Reilly Automotive Inc$28.98Mreported value+504.3K shares AROAeropostale Inc.$2.43Mreported value+100.0K shares EPDEnterprise Products Partners L.p.$569.0Kreported value+13.2K shares XOMExxon Mobil Corp.$213.0Kreported value+2.5K shares

Increased positions

AMTAmerican Tower Corporation$71.98Mreported value+103.2K shares+8.0%LAMRLamar Advertising Co/new$46.45Mreported value+18.1K shares+1.5%ROSTRoss Stores, Inc.$44.98Mreported value+68.8K shares+12.2%MAMastercard Inc$40.08Mreported value+19.3K shares

Reduced positions

MKLMarkel Group Inc.$46.47Mreported value-3.4K shares-3.0%ESGREnstar Group Limited$45.83Mreported value-4.5K shares-1.0%HIGThe Hartford Insurance Group, Inc.$19.62Mreported value-2.8K shares-0.4%FDSFactset Research Systems Inc.$16.11Mreported value-10.2K shares

Exited positions

ORLYO Reilly Automotive Inc$28.59Mprior reported value-473.1K shares-100.0%MSCIMsci Inc.$5.84Mprior reported value-150.0K shares-100.0%NDN99 Cents Only Stores$3.58Mprior reported value-224.7K shares-100.0%ESVEnsco Plc$2.67Mprior reported value-50.0K shares