13F filing recap · Q3 2013

What did Akre Capital Management buy in Q3 2013?

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

Stock value

$2.34B

Positions

Estimated turnover

15.3%

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

EQIXEquinix Inc$22.50Mreported value+122.5K shares WMBWilliams Companies, Inc.$713.0Kreported value+19.6K shares

Increased positions

MAMastercard Inc$266.81Mreported value+495 shares+0.1%MCOMoody’s Corporation$244.85Mreported value+3.8K shares+0.1%CFXEnovis Corp$221.05Mreported value+13.1K shares+0.3%AMTAmerican Tower Corp /ma/$209.69Mreported value+918.6K shares

Reduced positions

ROSTRoss Stores, Inc.$111.62Mreported value-97.8K shares-6.0%DTVDirectv$101.63Mreported value-1.56M shares-47.9%AAPLApple Inc.$43.39Mreported value-100 shares-0.1%NSUSDNustar Energy LP$40.85Mreported value-31.6K shares

Exited positions

SHLDQSears Holdings Corporation$12.62Mprior reported value-300.0K shares-100.0%AMXNAmérica Móvil, S.a.b. De C.v.$10.88Mprior reported value-500.0K shares-100.0%BACBank of America Corp$10.29Mprior reported value-800.0K shares-100.0%EPDEnterprise Products Partners L.p.$636.0Kprior reported value