WhaleCreep

Akre Capital Management (Chuck Akre) 13F holdings, Q1 2004

Long-only investorSEC filingsCompare with another fundHoldings as of 2004-03-31, filed 2004-04-22

Akre Capital Management (Chuck Akre) disclosed 58 US equity positions worth $532.3m in its Q1 2004 13F filing. Its largest position is PENN at 11.4% of the reported book, followed by American Tower A and MKL. Versus Q4 2003 it opened 11 new positions, added to 28, reduced 1 and exited 5.

$532m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
58
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.4%
Largest position
The largest single position as a share of the reported equity book.
57.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
19
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
100
Quarters on file since Q4 2000
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2003: 11 new, 28 added, 1 reduced, 5 exited

50 of 58
PENN PENN ENTERTAINMENT INCConsumer Cyclical11.4%$60.5m2.10m+11%added
American Tower A no ticker–11.3%$60.4m5.32m+4.4%added
MKL MARKEL GROUP INCFinancial Services10.7%$56.9m197,754+3.0%added
Americredit no ticker–5.5%$29.2m1.71m+2.4%added
Alliance Gaming no ticker–4.0%$21.0m654,975+24%added
KMX CARMAX INCConsumer Cyclical3.8%$20.4m699,700+72%added
DHI D R HORTON INCConsumer Cyclical3.3%$17.7m500,000+100%added
Hilb, Rogal, & Hamilton no ticker–2.7%$14.4m378,203+35%added
Global Imaging Systems no ticker–2.6%$13.6m410,000+14%added
UPBD UPBOUND GROUP INCTechnology2.5%$13.2m400,000–new
PLATINUM UNDERWRITER HLDGS L no ticker–2.4%$12.8m400,0000.0%held
AES AES CORPUtilities2.2%$11.8m1.38m+11%added
PREJF PARTNERRE LTDFinancial Services2.1%$11.3m200,0000.0%held
Station Casinos no ticker–2.1%$11.1m251,000–new
Allmerica Financial no ticker–2.1%$11.1m320,000+1055%added
MCRI MONARCH CASINO & RESORT INCConsumer Cyclical2.1%$11.0m795,572+1.6%added
TOL TOLL BROTHERS INCConsumer Cyclical2.0%$10.9m240,000+20%added
Intl. Speedway B no ticker–2.0%$10.5m226,900+1.1%added
BRK/A BERKSHIRE HATHAWAY INC DEL–1.8%$9.7m104+2.0%added
Kaneb Services no ticker–1.6%$8.3m250,000+73%added
AEROPOSTALE no ticker–1.4%$7.3m200,000–new
RYLAND GROUP INC no ticker–1.3%$7.1m80,0000.0%held
INTERNATIONAL GAME TECHNOLOG no ticker–1.2%$6.4m143,355+420%added
PENN VA CORP no ticker–1.2%$6.4m105,900−8.5%reduced
SSD SIMPSON MANUFACTURING CO INCBasic Materials1.1%$5.7m116,000–new
ISCAUSD INTERNATIONAL SPEEDWAY CORP–1.0%$5.6m118,442+2.5%added
Fidelity National Financial In no ticker–1.0%$5.3m134,501+169%added
Willis Group Holdings no ticker–1.0%$5.3m142,220–new
Providian Financial Corporatio no ticker–1.0%$5.2m400,000–new
Citigroup no ticker–0.9%$5.0m96,295+6.2%added
AMERICAN WOODMARK CORPORATIO no ticker–0.9%$4.8m71,5000.0%held
Burke & Herbert Bank no ticker–0.9%$4.6m2,027+17%added
Mark West Hydro no ticker–0.8%$4.1m326,290+31%added
Fed. Home Loan Mtg no ticker–0.8%$4.0m68,287+6.9%added
Berkshire Hathaway B no ticker–0.7%$3.6m1,146+5.5%added
AMC Entertainment no ticker–0.6%$3.4m224,0000.0%held
DOVER MOTORSPORTS INC no ticker–0.6%$3.3m857,262+0.7%added
Shuffle Master no ticker–0.6%$3.3m70,0000.0%held
WFC WELLS FARGO & COFinancial Services0.6%$3.2m56,868+7.2%added
Beazer Homes no ticker–0.6%$3.2m30,0000.0%held
COKE COCA COLA CONSOLIDATED INCConsumer Defensive0.6%$3.1m60,0000.0%held
Bank of New York no ticker–0.4%$2.4m75,977+14%added
PMA Capital Corporation no ticker–0.3%$1.8m300,0000.0%held
SCI SERVICE CORP INTLConsumer Cyclical0.3%$1.5m200,0000.0%held
AT&T Wireless no ticker–0.3%$1.5m108,065–new
ITIC INVESTORS TITLE COFinancial Services0.3%$1.4m44,200–new
WHITE MTNS INS GROUP LTD no ticker–0.2%$1.2m2,214+11%added
GS GOLDMAN SACHS GROUP INCFinancial Services0.2%$1.0m10,000–new
Citizens Communication no ticker–0.2%$970k75,000–new
Entertainment Properties Trust no ticker–0.2%$900k22,0000.0%held

Exited since Q4 2003

5 rows
MULTIMEDIA GAMES HLDG CO INC no ticker5.9%$25.1m
UNM UNUM GROUP3.2%$13.6m
Sprint PCS no ticker1.3%$5.6m
First Data Corp no ticker0.10%$411k
PDS Gaming no ticker0.02%$80.0k

Sector mix

  • Unclassified56.7%
  • Consumer Cyclical22.9%
  • Financial Services14.0%
  • Technology2.5%
  • Utilities2.2%
  • Basic Materials1.1%
  • Consumer Defensive0.6%
  • Industrials0.05%

Book over time

Every quarter on file (100)
QuarterPositionsEquity book
Q2 202619$5.1bn
Q1 202619$6.1bn
Q4 202518$9.1bn
Q3 202519$10.0bn
Q2 202519$10.2bn
Q1 202518$10.4bn
Q4 202418$11.6bn
Q3 202418$12.0bn
Q2 202419$11.4bn
Q1 202421$12.1bn
Q4 202318$11.9bn
Q3 202317$10.9bn
Q2 202318$12.0bn
Q1 202318$11.4bn
Q4 202219$11.1bn
Q3 202220$11.3bn
Q2 202221$12.5bn
Q1 202221$14.4bn
Q4 202122$17.2bn
Q3 202123$16.2bn
Q2 202125$16.2bn
Q1 202124$14.7bn
Q4 202028$14.8bn
Q3 202028$14.2bn
Q2 202028$13.3bn
Q1 202028$10.3bn
Q4 201925$10.9bn
Q3 201925$10.1bn
Q2 201923$9.9bn
Q1 201924$9.5bn
Q4 201824$7.9bn
Q3 201823$8.6bn
Q2 201822$7.9bn
Q1 201823$7.6bn
Q4 201723$7.2bn
Q3 201725$6.8bn
Q2 201727$6.2bn
Q1 201730$6.1bn
Q4 201633$5.5bn
Q3 201632$5.2bn
Q2 201632$5.0bn
Q1 201633$4.7bn
Q4 201533$4.5bn
Q3 201534$4.3bn
Q2 201536$4.2bn
Q1 201534$3.9bn
Q4 201435$3.8bn
Q3 201438$3.5bn
Q2 201438$3.4bn
Q1 201441$3.1bn
Q4 201338$2.7bn
Q3 201334$2.3bn
Q2 201336$2.2bn
Q1 201337$1.8bn
Q4 201235$1.4bn
Q3 201236$1.3bn
Q1 201230$817m
Q4 201124$505m
Q2 201124$444m
Q1 201124$417m
Q4 201026$390m
Q3 201028$319m
Q2 201030$287m
Q1 201026$276m
Q4 200918$240m
Q3 200914$212m
Q2 200925$717m
Q1 200921$574m
Q4 200823$688m
Q3 200824$893m
Q2 200830$1.0bn
Q1 200832$1.2bn
Q4 200733$1.2bn
Q3 200754$3.0bn
Q2 200755$2.0bn
Q1 200753$1.8bn
Q4 200652$1.7bn
Q3 200647$1.5bn
Q2 200646$1.4bn
Q1 200653$1.4bn
Q3 200564$1.3bn
Q2 200565$1.4bn
Q1 200573$1.1bn
Q4 200465$1.0bn
Q3 200471$740m
Q2 200460$591m
Q1 200458$532m
Q4 200352$423m
Q3 200352$361m
Q2 200332$207m
Q1 200337$139m
Q4 200230$97.5m
Q3 200242$107m
Q2 200239$108m
Q1 200242$116m
Q4 200138$116m
Q3 200130$79.1m
Q2 200134$121m
Q1 200132$94.4m
Q4 200037$99.3m

Where Akre Capital Management (Chuck Akre) was early

43 rows
LNWO Scientific GamesQ1 20021 of 1221.0%2.0%7Exited by Q4 2003+36%
DHI DR Horton/dhiQ1 20022 of 2010.7%3.3%22Exited by Q4 2007+1.9%
WFC WELLS FARGO & CO NEWQ2 20023 of 2122.8%2.8%25Exited by Q1 2009+18%
MCRI Monarch Casinos/mcriQ3 20021 of 541.2%3.8%18Exited by Q4 2007+343%
KMX CARMAX INCQ4 20021 of 1680.9%6.9%67Exited by Q1 2026+332%
COKE Coca Cola Bottling/cokeQ3 20031 of 750.8%1.7%9Exited by Q1 2006−2.3%
PREJF PartnersRe Ltd/preQ3 20031 of 412.8%2.8%9Exited by Q1 2006+26%
TOL TOLL BROTHERS INCQ3 20032 of 1741.7%2.5%19Exited by Q3 2008+23%
UNM Unum CorpQ3 20035 of 1173.5%3.5%2Exited by Q1 2004+6.8%
SSD SIMPSON MANUFACTURING CO INCQ1 20041 of 1091.1%3.0%21Exited by Q3 2009−12%
UPBD Rent-A-CenterQ1 20041 of 1112.5%2.5%2Exited by Q3 2004−9.2%
BYD BOYD GAMING CORPQ1 20061 of 1411.2%1.4%8Exited by Q1 2008−32%
POOL POOL CORPORATIONQ4 20062 of 1550.4%4.5%11Exited by Q3 2009−58%
TROW T Rowe Price/trowQ1 20094 of 1202.6%8.9%13Exited by Q4 2012+119%
FDS FACTSET RESH SYS INCQ4 20093 of 1304.8%6.0%16Exited by Q2 2014+64%
MSCI MSCI INCQ4 20095 of 1762.0%2.0%5Exited by Q1 2011+23%
DLTR DOLLAR TREE INCQ1 20103 of 1863.2%12.1%55Exited by Q2 2024+575%
TJX TJX Cos/tjxQ1 20104 of 1853.6%4.7%9Exited by Q4 2012+111%
HIG HARTFORD FINL SVCS GROUP INCQ1 20105 of 1248.0%8.0%14Exited by Q1 2015+47%
V VISA INCQ1 201018 of 2840.8%11.0%59Held at last filing, Q2 2026+1408%
MA MASTERCARD INCORPORATEDQ1 201019 of 2630.8%21.3%64Held at last filing, Q2 2026+1922%
ORLY OREILLY AUTOMOTIVE INCQ1 20111 of 1627.0%11.9%60Held at last filing, Q2 2026+2304%
BVE DIAMOND HILL INVESTMENT GROUQ2 20111 of 390.6%1.2%31Exited by Q3 2019+74%
AAPL APPLE INCQ4 201126 of 2750.3%2.2%11Exited by Q4 2014+74%
MCO MOODYS CORPQ1 201210 of 1765.2%15.7%57Held at last filing, Q2 2026+976%
MNRO MONRO MUFFLER BRAKE INCQ3 20121 of 891.1%2.5%21Exited by Q4 2017+59%
VRSK VERISK ANALYTICS INCQ3 20121 of 1372.5%4.4%53Exited by Q4 2025+428%
ROST ROSS STORES INCQ3 20122 of 1749.8%9.8%7Exited by Q2 2014+11%
BRK/B BERKSHIRE HATHAWAY INC DELQ3 20127 of 1802.2%2.2%56Held at last filing, Q2 2026+467%
LPLA LPL FINL HLDGS INCQ2 20131 of 1802.9%3.0%10Exited by Q4 2015+5.3%
LYV LIVE NATION ENTERTAINMENT INQ2 20136 of 2162.3%4.6%15Exited by Q2 2021+446%
AKX ANSYS INCQ2 20137 of 1610.2%1.5%23Exited by Q2 2022+335%
EQIX EQUINIX INCQ3 201319 of 1871.0%1.5%3Exited by Q2 2014+0.7%
DHR DANAHER CORPORATIONQ4 20139 of 2350.8%4.3%49Exited by Q1 2026+341%
ROP ROPER TECHNOLOGIES INCQ1 20143 of 1410.3%8.2%50Held at last filing, Q2 2026+153%
SBAC SBA COMMUNICATIONS CORP NEWQ1 201410 of 1512.8%6.5%35Exited by Q3 2024+116%
ALRM ALARM COM HLDGS INCQ2 20154 of 1240.1%1.4%31Exited by Q1 2023+222%
LKQ LKQ CORPQ2 20157 of 1510.5%2.4%12Exited by Q2 2018+25%
KKR KKR & CO L P DELQ2 20182 of 2113.1%13.2%33Held at last filing, Q2 2026+269%
2JE FOCUS FINL PARTNERS INCQ3 20184 of 831.5%1.5%3Exited by Q2 2019−25%
CSGP COSTAR GROUP INCQ4 201911 of 1891.4%7.8%27Held at last filing, Q2 2026−53%
BAM BROOKFIELD ASSET MANAGMT LTDQ4 20223 of 971.0%1.2%6Exited by Q2 2024+47%
BN BROOKFIELD CORPQ4 20224 of 1154.9%13.5%15Held at last filing, Q2 2026+103%

Concentration and tenure

16.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
81.3%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
6
Median completed holding, quarters