WhaleCreep

Akre Capital Management (Chuck Akre) 13F holdings, Q4 2006

Long-only investorSEC filingsCompare with another fundHoldings as of 2006-12-31, filed 2007-02-12

Akre Capital Management (Chuck Akre) disclosed 52 US equity positions worth $1.7bn in its Q4 2006 13F filing. Its largest position is PENN at 18.0% of the reported book, followed by American Tower A/amt and MKL. Versus Q3 2006 it opened 5 new positions, added to 18, reduced 5 and exited 0.

$1.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
52
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
18.0%
Largest position
The largest single position as a share of the reported equity book.
74.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
11
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 Q3 2006: 5 new, 18 added, 5 reduced, 0 exited

50 of 52
PENN PENN ENTERTAINMENT INCConsumer Cyclical18.0%$306m7.36m+0.6%added
American Tower A/amt no ticker–17.9%$305m8.17m0.0%held
MKL MARKEL GROUP INCFinancial Services11.5%$197m409,586+5.3%added
KMX CARMAX INCConsumer Cyclical6.9%$118m2.20m+0.1%held
99 Cent Stores/ndn no ticker–4.9%$84.1m6.91m+0.6%added
Americredit/acf no ticker–3.9%$67.0m2.66m+9.9%added
PINNACLE ENTMT INC no ticker–3.7%$62.6m1.89m+0.6%added
BALLY TECHNOLOGIES INC no ticker–2.6%$44.8m2.40m+0.9%added
SSD SIMPSON MANUFACTURING CO INCBasic Materials2.5%$43.4m1.37m+35%added
MCRI MONARCH CASINO & RESORT INCConsumer Cyclical2.4%$40.4m1.69m+1.4%added
AES AES CORPUtilities2.0%$34.5m1.57m+0.8%added
O'Reilly Automotive/orly no ticker–2.0%$34.5m1.08m+1.9%added
AMERICAN WOODMARK CORPORATIO no ticker–2.0%$33.4m796,961+1.2%added
Hilb, Rogal, & Hobbs/hrh no ticker–1.5%$26.2m622,854+2.4%added
Global Imaging Systems/gisx no ticker–1.4%$23.8m1.09m0.0%held
BYD BOYD GAMING CORPConsumer Cyclical1.4%$23.5m518,292+0.2%held
INTERNATIONAL GAME TECHNOLOG no ticker–1.3%$21.6m467,909+5.3%added
ISLE OF CAPRI CASINOS INC no ticker–1.2%$20.0m751,387+3.6%added
TOL TOLL BROTHERS INCConsumer Cyclical1.1%$19.3m600,0000.0%held
Station Casinos/stn no ticker–1.1%$19.2m234,8610.0%held
Mark West Hydro/mwp no ticker–1.0%$17.6m361,9980.0%held
DHI D R HORTON INCConsumer Cyclical0.9%$15.0m566,6650.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–0.8%$14.0m1270.0%held
Alimentation Couche-Tard SVS C no ticker–0.8%$13.8m633,621–new
Dynamex Inc/ddmx no ticker–0.6%$10.9m464,9970.0%held
ISCAUSD INTERNATIONAL SPEEDWAY CORP–0.6%$10.2m200,712−4.2%reduced
Bradley Pharmaceutical/bdy no ticker–0.5%$8.9m434,777+0.2%held
Quanta no ticker–0.4%$7.6m410,558−0.1%held
Berkshire Hathaway B/brk.b no ticker–0.4%$7.6m2,071+0.5%held
PENN VA CORP no ticker–0.4%$7.4m105,9000.0%held
Intl. Speedway B/iscb no ticker–0.4%$7.3m142,555−2.8%reduced
POOL POOL CORPIndustrials0.4%$6.9m175,832–new
LAMAR ADVERTISING CO no ticker–0.4%$6.6m100,579–new
Affordable Residential Communi no ticker–0.4%$6.3m539,974–new
ING Pref 6.125% 01/15/11 no ticker–0.3%$5.1m200,0000.0%held
Fed. Home Loan Mtg./fre no ticker–0.3%$5.1m74,870+2.2%added
WFC WELLS FARGO & COFinancial Services0.3%$4.8m135,016+2.4%added
GS GOLDMAN SACHS GROUP INCFinancial Services0.3%$4.7m23,528+5.4%added
DOVER MOTORSPORTS INC no ticker–0.2%$4.1m770,2600.0%held
ITIC INVESTORS TITLE COFinancial Services0.2%$3.3m61,0000.0%held
Burke & Herbert Bank/bhrb no ticker–0.2%$2.9m1,682–new
BG3 BIG 5 SPORTING GOODS CORP–0.2%$2.8m116,3000.0%held
MICROS SYS INC no ticker–0.1%$2.0m37,180−4.4%reduced
Shuffle Master/shfl no ticker–0.1%$1.8m70,0000.0%held
Quanta/qnta no ticker–0.05%$877k407,871+3.6%added
BRO BROWN & BROWN INCFinancial Services0.04%$705k25,0000.0%held
CSX CSX CORPIndustrials0.04%$655k19,0360.0%held
EXMOC EXXON MOBIL CORP–0.04%$648k8,453−0.9%reduced
White River Cap/wrvc no ticker–0.03%$479k28,2000.0%held
Entertainment Properties Trust no ticker–0.03%$432k7,4000.0%held

Sector mix

  • Unclassified52.0%
  • Consumer Cyclical30.6%
  • Financial Services12.3%
  • Basic Materials2.5%
  • Utilities2.0%
  • Industrials0.4%

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