13F filing recap · Q1 2014

What did Akre Capital Management buy in Q1 2014?

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

Stock value

$3.13B

Positions

Estimated turnover

23.6%

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

SBACSba Communications Corporation$88.92Mreported value+977.6K shares ROPRoper Technologies Inc$10.55Mreported value+79.0K shares XOMExxon Mobil Corp.$434.0Kreported value+4.4K shares

Increased positions

CFXEnovis Corp$368.21Mreported value+937.9K shares+22.2%AMTAmerican Tower Corp /ma/$329.70Mreported value+700.7K shares+21.1%MAMastercard Inc$296.08Mreported value+3.57M shares+899.7%MCOMoody’s Corporation$276.20Mreported value+1.2K shares

Reduced positions

ROSTRoss Stores, Inc.$116.73Mreported value-181.1K shares-10.0%EQIXEquinix Inc$39.24Mreported value-10.0K shares-4.5%HIGThe Hartford Insurance Group, Inc.$11.21Mreported value-1.2K shares-0.4%BRK.ABerkshire Hathaway Inc$9.74Mreported value-7 shares