13F filing recap · Q3 2019

What did Akre Capital Management buy in Q3 2019?

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

Stock value

$10.14B

Positions

Estimated turnover

19.8%

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$594.43Mreported value+2.46M shares BAMBrookfield Corporation$282.66Mreported value+5.32M shares OLLIOllie’s Bargain Outlet Holdings, Inc.$5.86Mreported value+100.0K shares DSGXDescartes Systems Group Inc$2.02Mreported value+50.0K shares CLNYColony Capital Inc$60.0Kreported value+10.0K shares

Increased positions

KMXCarmax, Inc.$553.11Mreported value+207.4K shares+3.4%VRSKVerisk Analytics, Inc.$402.34Mreported value+540 shares+0.0%KKRKkr & Co. Inc.$342.47Mreported value+1.2K shares+0.0%ALRMAlarm.com Holdings, Inc.$63.80Mreported value+767.1K shares

Reduced positions

AMTAmerican Tower Corp /ma/$1.59Breported value-36 shares-0.0%MAMastercard Inc$1.45Breported value-455 shares-0.0%MCOMoody’s Corporation$1.16Breported value-353 shares-0.0%ORLYO Reilly Automotive Inc$752.02Mreported value-164 shares

Exited positions

SBACSba Communications Corporation$554.23Mprior reported value-2.46M shares-100.0%UIUbiquiti Inc.$277.65Mprior reported value-2.11M shares-100.0%AMTDTD Ameritrade Holding Corp$167.23Mprior reported value-3.35M shares-100.0%DHILDiamond Hill Investment Group, Inc.$8.04Mprior reported value