Akre Capital

Q1 2026 13F · by John Neff, portfolio manager

Picture99.7% US stock

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

+8.9 pp in · −9.0 pp out

Options: 1 move on a notional base, in the table below.

Concentrated · behaves like 11 equal-sized positions

Moderate turnover · 32% a year, about 3.1 years per position


MAMastercard Incorporated	18.64%	2,281,106	$1.1B	trimmed−24%	−0.17 pp	52 q
BNBrookfield Corporation	11.27%	17,027,077	$689M	trimmed−37%	−2.24 pp	14 q
KKRKKR & Co. Inc.	10.16%	6,718,078	$621M	trimmed−17%	−1.17 pp	32 q
MCOMoody's Corporation	8.89%	1,246,114	$544M	trimmed−28%	−0.83 pp	52 q
VVISA Inc.	8.10%	1,638,798	$495M	trimmed−39%	−2.19 pp	52 q
ROPRoper Technologies, Inc.	7.27%	1,257,232	$445M	added+14%	+1.88 pp	49 q
CSGPCoStar Group Inc	6.83%	10,348,273	$417M	added+8%	−0.26 pp	26 q
FICOFair Isaac Corporation	6.35%	363,765	$388M	added+31%	+1.21 pp	4 q
ORLYO'Reilly Automotive, Inc.	5.87%	3,885,813	$359M	trimmed−42%	−0.85 pp	52 q
CPRTCopart Inc	4.34%	7,998,938	$266M	added+2%	+0.96 pp	4 q
ABNBAirbnb, Inc. Class A	4.20%	2,034,473	$257M	trimmed−41%	−0.97 pp	8 q
CCCCCC Intelligent Solutions Holdings Inc.	3.09%	31,513,070	$189M	added+27%	+0.93 pp	9 q
CRMSalesforce, Inc.	2.19%	717,799	$134M	new	+2.19 pp	new
NOWServicenow, Inc.	1.87%	1,096,099	$115M	new	+1.87 pp	new
GSHDGoosehead Insurance, Inc. Class A	0.31%	443,385	$19M	added+19%	+0.01 pp	30 q
SOPHSOPHiA GENETICS SA	0.30%	3,719,140	$18M	held	—	9 q
AMTAmerican Tower Corporation	0.14%	50,772	$9M	trimmed−80%	−0.35 pp	52 q
PRMPerimeter Solutions, Inc.	0.10%	250,000	$6M	new	+0.10 pp	new
BRK.BBERKSHIRE HATHAWAY Class B	0.08%	10,339	$5M	trimmed−13%	+0.01 pp	52 q
DHRDanaher Corporation	—	−69,516	—	exited	−0.17 pp	—
KMXCarMax Inc.	—	−150,600	—	exited	−0.06 pp	—