WhaleCreep

Akre Capital Management (Chuck Akre) 13F holdings, Q2 2006

Long-only investorSEC filingsCompare with another fundHoldings as of 2006-06-30, filed 2006-08-10

Akre Capital Management (Chuck Akre) disclosed 46 US equity positions worth $1.4bn in its Q2 2006 13F filing. Its largest position is PENN at 20.1% of the reported book, followed by American Tower A/amt and MKL. Versus Q1 2006 it opened 1 new position, added to 19, reduced 6 and exited 8.

$1.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
46
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
20.1%
Largest position
The largest single position as a share of the reported equity book.
76.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
10
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 Q1 2006: 1 new, 19 added, 6 reduced, 8 exited

46 rows
PENN PENN ENTERTAINMENT INCConsumer Cyclical20.1%$278m7.17m+2.2%added
American Tower A/amt no ticker–18.1%$251m8.06m+2.7%added
MKL MARKEL GROUP INCFinancial Services9.7%$134m385,852+0.9%added
KMX CARMAX INCConsumer Cyclical5.6%$77.4m2.18m+4.9%added
99 Cent Stores/ndn no ticker–5.1%$70.3m6.73m+20%added
PINNACLE ENTMT INC no ticker–5.0%$69.8m2.28m+2.2%added
Americredit/acf no ticker–4.8%$66.5m2.38m+3.5%added
MCRI MONARCH CASINO & RESORT INCConsumer Cyclical3.4%$46.9m1.67m−14%reduced
BALLY TECHNOLOGIES INC no ticker–2.7%$37.8m2.30m+4.5%added
AES AES CORPUtilities2.1%$28.6m1.55m+3.7%added
AMERICAN WOODMARK CORPORATIO no ticker–2.0%$27.6m787,711−0.1%held
O'Reilly Automotive/orly no ticker–1.9%$26.3m842,031+3.0%added
SSD SIMPSON MANUFACTURING CO INCBasic Materials1.7%$23.5m652,7200.0%held
Hilb, Rogal, & Hobbs/hrh no ticker–1.6%$22.8m610,614−0.5%held
Global Imaging Systems/gisx no ticker–1.6%$22.4m542,7000.0%held
Station Casinos/stn no ticker–1.4%$19.1m280,735−0.1%held
ISLE OF CAPRI CASINOS INC no ticker–1.3%$18.1m705,427+3.4%added
INTERNATIONAL GAME TECHNOLOG no ticker–1.2%$16.7m439,870+5.4%added
TOL TOLL BROTHERS INCConsumer Cyclical1.1%$15.3m600,000−19%reduced
DHI D R HORTON INCConsumer Cyclical1.0%$13.5m566,665−11%reduced
BYD BOYD GAMING CORPConsumer Cyclical1.0%$13.3m328,743−0.6%reduced
BRK/A BERKSHIRE HATHAWAY INC DEL–0.8%$10.5m125+11%added
Dynamex Inc/ddmx no ticker–0.7%$10.1m464,9970.0%held
ISCAUSD INTERNATIONAL SPEEDWAY CORP–0.7%$10.0m214,647+0.4%held
Mark West Hydro/mwp no ticker–0.6%$9.0m361,998+10.0%added
Intl. Speedway B/iscb no ticker–0.6%$8.0m171,328−9.8%reduced
Quanta no ticker–0.6%$7.7m411,200–new
PENN VA CORP no ticker–0.5%$7.4m105,9000.0%held
Berkshire Hathaway B/brk.b no ticker–0.4%$6.2m2,034+3.9%added
ING Pref 6.125% 01/15/11 no ticker–0.3%$4.6m200,0000.0%held
DOVER MOTORSPORTS INC no ticker–0.3%$4.5m770,2600.0%held
Bradley Pharmaceutical/bdy no ticker–0.3%$4.3m421,504−0.3%held
WFC WELLS FARGO & COFinancial Services0.3%$4.3m63,642+6.0%added
Fed. Home Loan Mtg./fre no ticker–0.3%$4.1m71,873+6.5%added
GS GOLDMAN SACHS GROUP INCFinancial Services0.2%$3.4m22,315−0.5%held
ITIC INVESTORS TITLE COFinancial Services0.2%$2.7m61,0000.0%held
Shuffle Master/shfl no ticker–0.2%$2.3m70,0000.0%held
BG3 BIG 5 SPORTING GOODS CORP–0.2%$2.3m116,3000.0%held
MICROS SYS INC no ticker–0.1%$1.7m38,9000.0%held
Quanta/qnta no ticker–0.07%$1.0m393,842+19%added
BRO BROWN & BROWN INCFinancial Services0.05%$730k25,0000.0%held
CSX CSX CORPIndustrials0.05%$670k9,5180.0%held
EXMOC EXXON MOBIL CORP–0.04%$523k8,5280.0%held
White River Cap/wrvc no ticker–0.03%$451k28,2000.0%held
PGR PROGRESSIVE CORPFinancial Services0.02%$337k13,124+171%added
Entertainment Properties Trust no ticker–0.02%$319k7,400−15%reduced

Exited since Q1 2006

8 rows
Fairfax Financial Holdings/ffh no ticker0.2%$3.5m
WP Cary & Co LLC/wpc no ticker0.2%$3.1m
LEN LENNAR CORP0.2%$2.4m
PHM PULTE GROUP INC0.2%$2.4m
WHITE MTNS INS GROUP LTD no ticker0.2%$2.4m
KBH KB HOME0.2%$2.3m
Odyssey Re Corp./orh no ticker0.2%$2.2m
Equus Gaming/equus no ticker0.0%$12.0k

Sector mix

  • Unclassified53.6%
  • Consumer Cyclical32.1%
  • Financial Services10.5%
  • Utilities2.1%
  • Basic Materials1.7%
  • 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