13F filing recap · Q3 2024

What did Akre Capital Management buy in Q3 2024?

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

Stock value

$12.02B

Positions

Estimated turnover

11.4%

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.

Quarter in review

Akre Capital Management exited Sba Communications and trimmed Mastercard, Moody’s, Kkr & Co., American Tower, and O Reilly Automotive. It added to Brookfield Corporation, Costar Group, and Airbnb, with the Airbnb increase standing out sharply. The firm also substantially reduced Carmax and Digitalbridge Group while substantially increasing Ccc Intelligent Solutions Holdings.

Increased positions

BNBrookfield Corporation$1.01Breported value+472.5K shares+2.6%CSGPCostar Group, Inc.$673.99Mreported value+163.7K shares+1.9%ABNBAirbnb, Inc.$335.97Mreported value+1.71M shares+183.1%CCCCcc Intelligent Solutions Holdings Inc.$118.03Mreported value+2.87M shares+36.7%

Reduced positions

MAMastercard Inc$1.94Breported value-118.8K shares-2.9%MCOMoody’s Corporation$1.60Breported value-858.2K shares-20.3%KKRKkr & Co. Inc.$1.49Breported value-2.30M shares-16.8%AMTAmerican Tower Corp /ma/$1.41Breported value-81.8K shares

Exited positions

SBACSba Communications Corporation$98.15Mprior reported value-500.0K shares-100.0%