13F filing recap · Q2 2015

What did Akre Capital Management buy in Q2 2015?

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

Stock value

$4.15B

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

AMTPRBAmerican Tower Corp /ma/$50.00Mreported value+500.0K shares LKQLkq Corporation$21.17Mreported value+700.0K shares ALRMAlarm.com Holdings, Inc.$6.15Mreported value+400.0K shares AIG WSAmerican International Group, Inc.$4.16Mreported value+150.0K shares

Increased positions

AMTAmerican Tower Corp /ma/$492.01Mreported value+1.27M shares+31.6%MKLMarkel Group Inc.$413.64Mreported value+7.6K shares+1.5%MAMastercard Inc$404.66Mreported value+67.4K shares+1.6%MCOMoody’s Corporation$384.68Mreported value+49.8K shares

Reduced positions

CFXEnovis Corp$268.81Mreported value-50.8K shares-0.9%LPLALpl Financial Holdings Inc.$61.30Mreported value-146.6K shares-10.0%BRK.ABerkshire Hathaway Inc$8.85Mreported value-9 shares-17.3%CSXCsx Corporation$1.33Mreported value-2.2K shares

Exited positions

DISCKDiscovery, Inc.$177.42Mprior reported value-6.02M shares-100.0%MWEMarkwest Energy Partners L.p.$213.0Kprior reported value-3.2K shares-100.0%