13F filing recap · Q1 2020

What did Akre Capital Management buy in Q1 2020?

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

Stock value

$10.29B

Positions

Estimated turnover

13.4%

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

ADBEAdobe Inc.$362.79Mreported value+1.14M shares LYVLive Nation Entertainment, Inc.$249.18Mreported value+5.48M shares PRMWPrimo Water Corporation$14.32Mreported value+1.58M shares MARMarriott International Inc /md/$561.0Kreported value+7.5K shares

Increased positions

MAMastercard Inc$1.40Breported value+459.4K shares+8.6%VVisa Inc.$844.81Mreported value+356.1K shares+7.3%ROPRoper Technologies Inc$531.67Mreported value+138.0K shares+8.8%KMXCarmax, Inc.$440.89Mreported value+1.44M shares

Reduced positions

AMTAmerican Tower Corp /ma/$1.53Breported value-144.6K shares-2.0%MCOMoody’s Corporation$1.19Breported value-43.3K shares-0.8%ORLYO Reilly Automotive Inc$554.83Mreported value-44.0K shares-2.3%MKLMarkel Group Inc.$461.52Mreported value-15.4K shares

Exited positions

PRMWPrimo Water Corporation$36.17Mprior reported value-3.22M shares-100.0%