13F filing recap · Q2 2016

What did Akre Capital Management buy in Q2 2016?

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

Stock value

$4.96B

Positions

Estimated turnover

4.5%

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.

Increased positions

MCOMoody’s Corporation$378.12Mreported value+17.6K shares+0.4%VVisa Inc.$268.13Mreported value+1.33M shares+58.1%ROPRoper Technologies Inc$255.69Mreported value+187.3K shares+14.3%KMXCarmax, Inc.$243.10Mreported value+639.9K shares+14.8%LKQLkq Corporation$112.53Mreported value+150.0K shares+4.4%

Reduced positions

AMTAmerican Tower Corp /ma/$715.08Mreported value-19.2K shares-0.3%MKLMarkel Group Inc.$489.87Mreported value-1.5K shares-0.3%MAMastercard Inc$413.89Mreported value-13.4K shares-0.3%DLTRDollar Tree, Inc.$393.95Mreported value-8.2K shares

Exited positions

AIEURArlington Asset Investment Corp$125.0Kprior reported value-10.0K shares-100.0%