Akre Capital

Q1 2024 13F · by John Neff, portfolio manager

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

+1.2 pp in · −1.2 pp out

Very concentrated · behaves like 9 equal-sized positions

Low turnover · 2.4% a year, more than 30 years per position

revealed late 1 name revealed after the original — carried back to this quarter, never shown as a new buy 13F-HR/A · May 23, 2024 ↗


MAMastercard Incorporated	18.37%	9,220,584	$4.4B	added+82%	+0.20 pp	44 q
MCOMoody's Corporation	14.48%	8,905,934	$3.5B	added+86%	−1.22 pp	44 q
KKRKKR & Co. Inc.	12.38%	29,759,102	$3.0B	added+79%	+0.77 pp	24 q
AMTAmerican Tower Corporation	10.13%	12,395,650	$2.4B	added+82%	−2.23 pp	44 q
ORLYO'Reilly Automotive, Inc.	9.23%	1,976,828	$2.2B	added+94%	+1.08 pp	44 q
VVISA Inc.	7.55%	6,543,480	$1.8B	added+86%	−0.14 pp	44 q
ROPRoper Technologies, Inc.	7.17%	3,089,400	$1.7B	added+96%	−0.04 pp	41 q
BNBrookfield Corporation	6.22%	35,916,830	$1.5B	added+99%	+0.13 pp	6 q
CSGPCoStar Group Inc	5.80%	14,523,252	$1.4B	added×2.0	+0.46 pp	18 q
DHRDanaher Corporation	3.67%	3,550,800	$887M	added×2.0	+0.21 pp	42 q
KMXCarMax Inc.	1.95%	5,403,658	$471M	added+98%	+0.19 pp	42 q
UBERUber Technologies, Inc.	1.13%	3,550,000	$273M	new	+1.13 pp	new
CCCCCC Intelligent Solutions Holdings Inc.	0.69%	14,000,000	$167M	new	+0.69 pp	new
DBRGDigitalBridge Group, Inc.	0.66%	8,218,010	$158M	added+87%	+0.01 pp	19 q
SBACSBA Communications Corp	0.32%	361,258	$78M	added×2.0	−0.07 pp	2 q
GSHDGoosehead Insurance, Inc. Class A	0.13%	487,344	$32M	added×2.0	−0.03 pp	22 q
BRK.BBERKSHIRE HATHAWAY Class B	0.06%	32,980	$14M	added+99%	+0.01 pp	44 q
VRSKVerisk Analytics, Inc.	0.03%	34,650	$8M	added×2.0	0.00 pp	44 q
BAMBrookfield Asset Management Ltd.	0.02%	126,000	$5M	trimmed−96%	−1.15 pp	6 q
SOPHSOPHiA GENETICS SA	0.01%	287,699	$1M	new	+0.01 pp	new
DLTRDollar Tree Inc.	0.00%	4,458	$593,582	trimmed−80%	−0.03 pp	44 q