13F filing recap · Q4 2012

What did Akre Capital Management buy in Q4 2012?

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

Stock value

$1.42B

Positions

Estimated turnover

12.6%

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

JEFJefferies Financial Group Inc.$4.58Mreported value+246.9K shares TDGTransdigm Group Incorporated$1.36Mreported value+10.0K shares

Increased positions

MCOMoody’s Corporation$111.56Mreported value+409.3K shares+22.6%MKLMarkel Group Inc.$101.46Mreported value+34.2K shares+17.1%DLTRDollar Tree, Inc.$91.87Mreported value+753.7K shares+49.9%CFXEnovis Corp$49.20Mreported value+1.01M shares

Reduced positions

MAMastercard Inc$167.91Mreported value-1.5K shares-0.4%AMTAmerican Tower Corp /ma/$131.26Mreported value-46.3K shares-2.7%ROSTRoss Stores, Inc.$104.81Mreported value-10.8K shares-0.6%ORLYO Reilly Automotive Inc$73.76Mreported value-3.7K shares

Exited positions

KMXCarmax, Inc.$14.25Mprior reported value-503.5K shares-100.0%TJXThe Tjx Companies, Inc.$1.86Mprior reported value-41.5K shares-100.0%TROWPrice T Rowe Group Inc$216.0Kprior reported value-3.4K shares-100.0%