13F filing recap · Q3 2012

What did Akre Capital Management buy in Q3 2012?

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

Stock value

$1.28B

Positions

Estimated turnover

11.6%

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

MNROMonro, Inc.$14.08Mreported value+400.0K shares CFXEnovis Corp$7.67Mreported value+209.3K shares

Increased positions

MAMastercard Inc$154.98Mreported value+5.3K shares+1.6%MCOMoody’s Corporation$79.85Mreported value+7.3K shares+0.4%ORLYO Reilly Automotive Inc$69.28Mreported value+1.8K shares+0.2%DTVDirectv$52.44Mreported value+100.0K shares

Reduced positions

ROSTRoss Stores, Inc.$125.86Mreported value-1.6K shares-0.1%AMTAmerican Tower Corp /ma/$124.58Mreported value-2.6K shares-0.1%MKLMarkel Group Inc.$91.63Mreported value-115 shares-0.1%DLTRDollar Tree, Inc.$72.98Mreported value-2.2K shares

Exited positions

LPSLender Processing Services, Inc.$2.92Mprior reported value-115.6K shares-100.0%ONEHigher One Holdings, Inc.$1.11Mprior reported value-90.7K shares-100.0%EPREpr Properties$216.0Kprior reported value-5.3K shares-100.0%