Akre Capital Management 13F: Q2 2026 Portfolio — $5.12B Across 20 Positions

Akre Capital Management · Chuck Akre (founder) · Q2 2026

Akre trimmed most of its top holdings while modestly adding to Costar Group.

Reported value

$5.12B

Filed 2026-08-14

Positions

Quarter ended 2026-06-30

Top 10 weight

87.6%

New0Added2Trimmed12Exited0View the SEC filing

Form 13F reports long US-listed positions only, up to 45 days after quarter end. It excludes shorts, cash, and non-US holdings, so the live book can differ.

Akre Capital Management reported a $5.12B US-listed portfolio in its Q2 2026 Form 13F, filed with the SEC on 2026-08-14 for the quarter ended 2026-06-30. The book holds 20 positions, led by Mastercard Incorporated at 20.0% of reported value; the top three together account for 40%. Against the Q1 2026 filing, the manager opened 0 new positions, added to 2, trimmed 12, and exited 0.

Top 12 holdings

Portfolio allocation

Mastercard IncorporatedMA19.9%
MoodysMCO10.2%
BrookfieldBROXF10.1%
Kkr & Co L PKKR8.9%
Fair IsaacFICO8.4%
Roper TechnologiesROP7.8%
VisaV7.4%
Costar GroupCSGP6.5%
CopartCPRT4.4%
Oreilly AutomotiveORLY3.9%
Other holdings12.4%

Share of reported 13F value

#	Holding	Action	Weight	Value	Shares vs prior quarter
1	Mastercard IncorporatedMA	Trimmed	19.9%	$1.02B	-12.8%
2	MoodysMCO	Trimmed	10.2%	$524M	-7.2%
3	BrookfieldBROXF	Trimmed	10.1%	$516M	-28.8%
4	Kkr & Co L PKKR	Trimmed	8.9%	$457M	-25.8%
5	Fair IsaacFICO	Trimmed	8.4%	$432M	-0.5%
6	Roper TechnologiesROP	Trimmed	7.8%	$398M	-6.4%
7	VisaV	Trimmed	7.4%	$381M	-32.2%
8	Costar GroupCSGP	Added	6.5%	$331M	+13.1%
9	CopartCPRT	Unchanged	4.4%	$225M	-0.2%
10	Oreilly AutomotiveORLY	Trimmed	3.9%	$199M	-44.4%
11	AirbnbABNB	Trimmed	3.3%	$169M	-41.8%
12	Ccc Intelligent Solutions HlCCCS	Trimmed	3.0%	$154M	-5.2%
	Other holdings		6.1%	$313M

Values and share counts as reported for 2026-06-30; weights are share of reported 13F value.

Actions compare share counts against the prior quarter's filing, so they do not move with price.

New positions and exits

New positions

No new positions this quarter.

Closed out

No positions closed out this quarter.

Read on the quarter

What the moves add up to

The quarter’s activity was dominated by reductions rather than expansion, with 12 trims versus 2 adds and no new positions or exits. That pattern shows up clearly across the largest weights: Mastercard Incorporated was trimmed (19.95% of the portfolio, change: -12.8), as were Moodys (10.23%, -7.2), Brookfield (10.08%, -28.8), and Kkr & Co L P (8.93%, -25.8). Even the remaining high-conviction names weren’t added to, with trims also recorded in Fair Isaac (8.44%, -0.5), Roper Technologies (7.77%, -6.4), and Visa (7.44%, -32.2).

At the same time, the portfolio’s incremental push came from a single material add: Costar Group increased to 6.47% of the portfolio on a 13.1% share-count gain. Copart was mostly unchanged on a hold (4.39%, -0.2), while several smaller-but-still-sizable positions were cut sharply, including Oreilly Automotive (3.89%, -44.4) and Airbnb (3.31%, -41.8). With the top-10 weight at 87.6%, the moves look like a concentration maintained in quality franchises, but with the general risk exposure pared back rather than broadened.

Context

How to read this filing

A Form 13F is a quarterly snapshot institutional managers with over $100M in US-listed assets must file within 45 days of quarter end. It shows long equity positions only: no short book, no cash, no non-US listings, no timing inside the quarter. Treat it as a delayed map of where the manager's conviction sat on the reporting date — not a live portfolio, and not a buy list.

Positions may have changed since the reporting date. Weight changes also reflect price moves, not only buying or selling — the action tags on this page are derived from share counts, which do not move with price.