13F filing recap · Q2 2011

What did Akre Capital Management buy in Q2 2011?

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

Stock value

$558.64M

Positions

Estimated turnover

12.8%

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

AGOAssured Guaranty Ltd$3.26Mreported value+200.0K shares DHILDiamond Hill Investment Group, Inc.$2.46Mreported value+30.2K shares PRMWPrimo Water Corporation$1.08Mreported value+75.0K shares

Increased positions

MAMastercard Inc$55.90Mreported value+26.3K shares+16.5%ESGREnstar Group Limited$48.98Mreported value+9.9K shares+2.2%DLTRDollar Tree, Inc.$47.75Mreported value+5.7K shares+0.8%LAMRLamar Advertising Co/new$43.51Mreported value+332.2K shares

Reduced positions

AMTAmerican Tower Corporation$69.63Mreported value-58.5K shares-4.2%ROSTRoss Stores, Inc.$50.61Mreported value-720 shares-0.1%MKLMarkel Group Inc.$44.30Mreported value-467 shares-0.4%HIGThe Hartford Insurance Group, Inc.$19.49Mreported value-2.9K shares

Exited positions

OXPSOptionsxpress Holdings Inc$11.53Mprior reported value-630.9K shares-100.0%KMBKimberly-Clark Corporation$1.96Mprior reported value-30.0K shares-100.0%TRADTradestation Group Inc$1.26Mprior reported value-179.6K shares-100.0%