# Akre Capital Management: 13F portfolio, Q2 2026

Investment firm, Middleburg.

Source: SEC Form 13F filed 2026-08-14 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/1112520/000111252026000014/0001112520-26-000014-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/akre-capital
Updated: 2026-08-14 · Next filing due by 2026-11-14

## Summary
- Reported value: $5.1B (Q1 2026: $6.1B)
- Positions: 19 (Q1 2026: 19)
- Top 10 holdings: 87.9% of the portfolio
- This quarter: 0 new, 2 added to, 13 trimmed, 0 sold out

## What Akre Capital Management did in Q2 2026
Akre Capital Management opened no new positions, sold none outright and changed none by half or more. Mastercard is still the largest holding, at 20.0% of the portfolio.

## Biggest buys
- ServiceNow (NOW): +14%
- Costar Group (CSGP): +13%

## Biggest sells
- O Reilly Automotive (ORLY): −44%
- American Tower (AMT): −42%
- Airbnb (ABNB): −42%
- Visa (V): −32%
- Brookfield (BN): −29%

## Top 15 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | Mastercard | MA | 20.0% | $1.0B | −13% | Q3 2024 or earlier |
| 2 | Moodys | MCO | 10.3% | $524.0M | −7% | Q3 2024 or earlier |
| 3 | Brookfield | BN | 10.1% | $516.2M | −29% | Q3 2024 or earlier |
| 4 | KKR | KKR | 9.0% | $457.2M | −26% | Q3 2024 or earlier |
| 5 | Fair Isaac | FICO | 8.5% | $432.3M | −0.5% | Q2 2025 |
| 6 | Roper Technologies | ROP | 7.8% | $398.1M | −6% | Q3 2024 or earlier |
| 7 | Visa | V | 7.5% | $381.1M | −32% | Q3 2024 or earlier |
| 8 | Costar Group | CSGP | 6.5% | $331.3M | +13% | Q3 2024 or earlier |
| 9 | Copart | CPRT | 4.4% | $225.1M | −0.2% | Q2 2025 |
| 10 | O Reilly Automotive | ORLY | 3.9% | $199.1M | −44% | Q3 2024 or earlier |
| 11 | Airbnb | ABNB | 3.3% | $169.4M | −42% | Q3 2024 or earlier |
| 12 | CCC Intelligent Solutions Holdings | CCC | 3.0% | $154.1M | −5% | Q3 2024 or earlier |
| 13 | ServiceNow | NOW | 2.4% | $123.7M | +14% | Q1 2026 |
| 14 | Salesforce | CRM | 2.2% | $112.5M | No change | Q1 2026 |
| 15 | Goosehead Insurance | GSHD | 0.4% | $21.5M | No change | Q3 2024 or earlier |

4 more positions and every quarter's holdings are on Valuepeg for members: https://valuepeg.com/managers/akre-capital

## Other value investors
- Appaloosa (David Tepper): https://valuepeg.com/managers/appaloosa
- Aquamarine: https://valuepeg.com/managers/aquamarine
- Atlantic Investment Management: https://valuepeg.com/managers/atlantic-investment-management
- Baupost Group (Seth Klarman): https://valuepeg.com/managers/baupost-group
- Berkshire Hathaway (Warren Buffett): https://valuepeg.com/managers/berkshire-hathaway

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.