AKRE CAPITAL MANAGEMENT LLC — 13F Holdings & Portfolio
CIK 1112520 · latest 13F-HR filed 2026-08-14
AKRE CAPITAL MANAGEMENT LLC manages $5.12B in 13F-reported U.S. long-equity assets across 20 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are MA (19.95%), MCO (10.23%), BN (10.08%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions and exited 0; 5 existing positions rose in reported value and 13 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$5.12B
Long-equity book
Holdings
20
Distinct positions
Period
2026-06-30
Filed 2026-08-14
Q/Q Activity
+0 / −0 / ↑5 / ↓13
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 87.9%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Jun 4, 2026.
Assets Under Management
$11.82B
Discretionary
$11.82B
Employees
12
Accounts
218
Address
2 WEST MARSHALL STREET
MIDDLEBURG, VA 20117
MIDDLEBURG, VA 20117
Phone
(540) 687-8923
Mailing Address
PO BOX 998, MIDDLEBURG, VA, 20118-0998
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| AKRE, CHARLES, THOMAS Control | TRUSTEE AND MANAGING MEMBER since Dec 1999 | Less than 5% | Individual |
| CHARLES T. AKRE, JR. REVOCABLE TRUST DATED DECEMBER 21, 2012 Control | MEMBER since Dec 2012 | 25–50% | Domestic Entity |
| MORRIS, QUINN, M Control | CHIEF COMPLIANCE OFFICER since Jan 2025 | Less than 5% | Individual |
| NEFF, JOHN, HALLMARK Control | TRUSTEE, CEO, CIO since Jan 2013 | Less than 5% | Individual |
| AKRE, ALEXIS, ANNE | TRUSTEE since Mar 2025 | Less than 5% | Individual |
| CHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2022 | MEMBER since Dec 2022 | 5–10% | Domestic Entity |
| JOHN H. NEFF REVOCABLE TRUST, U/A/D JUNE 15, 2005 | MEMBER since Jan 2013 | 10–25% | Domestic Entity |
| MILLETTE, ANDREW, PATRICK | TRUSTEE since Mar 2025 | Less than 5% | Individual |
| THE MILLETTE FAMILY TRUST | MEMBER since Mar 2025 | 10–25% | Domestic Entity |
| TICKNER, GEOFFREY, LINES | MEMBER since Jan 2025 | 10–25% | Individual |
| AKRE, CHARLES, THOMAS Control Indirect owner via CHARLES T. AKRE, JR. REVOCABLE TRUST DATED DECEMBER 21, 2012 | TRUSTEE AND MANAGING MEMBER since Dec 2012 | General partner, trustee or manager | Individual |
| NEFF, JOHN, HALLMARK Control Indirect owner via JOHN H. NEFF REVOCABLE TRUST, U/A/D JUNE 15, 2005 | TRUSTEE, CEO, CIO since Jan 2013 | General partner, trustee or manager | Individual |
| AKRE, ALEXIS, ANNE Indirect owner via CHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2022 | TRUSTEE since Mar 2025 | General partner, trustee or manager | Individual |
| MILLETTE, ANDREW, PATRICK Indirect owner via THE MILLETTE FAMILY TRUST | TRUSTEE since Mar 2025 | General partner, trustee or manager | Individual |
Ownership & leadership changes · 14 filings with changes since Mar 30, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Jun 1, 2026 filing
- No longer listedHARPER, NICOLE, ELIZABETH · CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Jan 2025
Apr 28, 2025 filing
- No longer listedMCLAMB, GEORGE, THOMAS · TRUSTEE · Less than 5% · listed since Nov 2013
- No longer listedMCLAMB, GEORGE, THOMAS · TRUSTEE · General partner, trustee or manager · indirect via CHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2022 · listed since Dec 2022
- AddedAKRE, ALEXIS, ANNE · TRUSTEE · Less than 5%
- AddedAKRE, ALEXIS, ANNE · TRUSTEE · General partner, trustee or manager · indirect via CHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2022
- AddedMILLETTE, ANDREW, PATRICK · TRUSTEE · General partner, trustee or manager · indirect via THE MILLETTE FAMILY TRUST
- AddedTHE MILLETTE FAMILY TRUST · MEMBER · 10–25%
- ChangedMILLETTE, ANDREW, PATRICK · title MEMBER → TRUSTEE; ownership 10–25% → Less than 5%
Jan 8, 2025 filing
- AddedHARPER, NICOLE, ELIZABETH · CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER · Less than 5% · control person
- AddedMILLETTE, ANDREW, PATRICK · MEMBER · 10–25%
- AddedMORRIS, QUINN, M · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- AddedTICKNER, GEOFFREY, LINES · MEMBER · 10–25%
- ChangedCHARLES T. AKRE, JR. REVOCABLE TRUST DATED DECEMBER 21, 2012 · ownership 50–75% → 25–50%
- ChangedMCLAMB, GEORGE, THOMAS · title MEMBER, TRUSTEE, AND CHIEF COMPLIANCE OFFICER → TRUSTEE; ownership 10–25% → Less than 5%; no longer a control person
- ChangedMCLAMB, GEORGE, THOMAS · indirect via CHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2022: no longer a control person
Mar 19, 2024 filing
- ChangedNEFF, JOHN, HALLMARK · title TRUSTEE → TRUSTEE, CEO, CIO; now a control person
- ChangedNEFF, JOHN, HALLMARK · indirect via JOHN H. NEFF REVOCABLE TRUST, U/A/D JUNE 15, 2005: title TRUSTEE → TRUSTEE, CEO, CIO; now a control person
Sep 27, 2023 filing
- No longer listedCERRONE, CHRISTOPHER, D · TRUSTEE · Less than 5% · listed since Feb 2015
- No longer listedCERRONE, CHRISTOPHER, D · TRUSTEE · General partner, trustee or manager · indirect via CHRISTOPHER D. CERRONE REVOCABLE LIVING TRUST, CREATED U/A/D FEBRUARY 18, 2015 · listed since Feb 2015
- No longer listedCHRISTOPHER D. CERRONE REVOCABLE LIVING TRUST, CREATED U/A/D FEBRUARY 18, 2015 · MEMBER · 10–25% · listed since Feb 2015
- ChangedCHARLES T. AKRE, JR. REVOCABLE TRUST DATED DECEMBER 21, 2012 · ownership 25–50% → 50–75%
Mar 6, 2023 filing
- No longer listedAkre, Thomas, S.B. · TRUSTEE · Less than 5% · listed since Jan 2017
- No longer listedAkre, Thomas, S.B. · TRUSTEE · General partner, trustee or manager · indirect via CHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2012 · listed since Jan 2017
- No longer listedCHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2012 · MEMBER · 5–10% · listed since Jan 2017
- AddedCHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2022 · MEMBER · 5–10%
- AddedMCLAMB, GEORGE, THOMAS · TRUSTEE · General partner, trustee or manager · indirect via CHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2022 · control person
- ChangedMCLAMB, GEORGE, THOMAS · title MEMBER AND CHIEF COMPLIANCE OFFICER → MEMBER, TRUSTEE, AND CHIEF COMPLIANCE OFFICER; ownership 5–10% → 10–25%
Sep 24, 2020 filing
- No longer listedAKRE, CHARLES, THOMAS · TRUSTEE AND MANAGING MEMBER · General partner, trustee or manager · indirect via REVOCABLE TRUST AGREEMENT OF CHARLES T. AKRE, JR. DATED DECEMBER 21, 2012 · control person · listed since Dec 2012
- No longer listedCHARLES T. AKRE, JR. IRREVOCABLE TRUST DATED DECEMBER 21, 2012 · MEMBER · General partner, trustee or manager · indirect via AKRE CAPITAL MANAGEMENT, LLC · listed since Jan 2017
- No longer listedCHRISTOPHER D. CERRONE REVOCABLE LIVING TRUST, CREATED U/A/D FEBRUARY 18, 2015 · MEMBER · General partner, trustee or manager · indirect via AKRE CAPITAL MANAGEMENT, LLC · listed since Feb 2015
- No longer listedREVOCABLE TRUST AGREEMENT OF CHARLES T. AKRE, JR. DATED DECEMBER 21, 2012 · MEMBER · 50–75% · control person · listed since Dec 2012
- No longer listedREVOCABLE TRUST AGREEMENT OF CHARLES T. AKRE, JR. DATED DECEMBER 21, 2012 · MEMBER · 50–75% · indirect via AKRE CAPITAL MANAGEMENT, LLC · control person · listed since Dec 2012
- AddedAKRE, CHARLES, THOMAS · TRUSTEE AND MANAGING MEMBER · General partner, trustee or manager · indirect via CHARLES T. AKRE, JR. REVOCABLE TRUST DATED DECEMBER 21, 2012 · control person
- AddedCHARLES T. AKRE, JR. REVOCABLE TRUST DATED DECEMBER 21, 2012 · MEMBER · 25–50% · control person
- AddedJOHN H. NEFF REVOCABLE TRUST, U/A/D JUNE 15, 2005 · MEMBER · 10–25%
- AddedNEFF, JOHN, HALLMARK · TRUSTEE · General partner, trustee or manager · indirect via JOHN H. NEFF REVOCABLE TRUST, U/A/D JUNE 15, 2005
- ChangedCHRISTOPHER D. CERRONE REVOCABLE LIVING TRUST, CREATED U/A/D FEBRUARY 18, 2015 · ownership 5–10% → 10–25%
- ChangedMCLAMB, GEORGE, THOMAS · ownership Less than 5% → 5–10%
- ChangedNEFF, JOHN, HALLMARK · title MEMBER → TRUSTEE; ownership 10–25% → Less than 5%
Apr 29, 2019 filing
- No longer listedSABERHAGEN, THOMAS, DONALD · MEMBER · 5–10% · listed since Jan 2015
Mar 29, 2018 filing
- ChangedNEFF, JOHN, HALLMARK · ownership 5–10% → 10–25%
Mar 30, 2017 filing
- AddedAkre, Thomas, S.B. · TRUSTEE · Less than 5%
- AddedAkre, Thomas, S.B. · TRUSTEE · General partner, trustee or manager · indirect via CHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2012
- AddedCHARLES T. AKRE, JR. IRREVOCABLE TRUST DATED DECEMBER 21, 2012 · MEMBER · General partner, trustee or manager · indirect via AKRE CAPITAL MANAGEMENT, LLC
- AddedCHARLES T. AKRE, JR. IRREVOCABLE TRUST, DATED DECEMBER 21, 2012 · MEMBER · 5–10%
- ChangedREVOCABLE TRUST AGREEMENT OF CHARLES T. AKRE, JR. DATED DECEMBER 21, 2012 · ownership 75% or more → 50–75%
- ChangedREVOCABLE TRUST AGREEMENT OF CHARLES T. AKRE, JR. DATED DECEMBER 21, 2012 · indirect via AKRE CAPITAL MANAGEMENT, LLC: ownership 75% or more → 50–75%
Older changes (5 more filings)
Mar 30, 2016 filing
- AddedAKRE, CHARLES, THOMAS · TRUSTEE AND MANAGING MEMBER · General partner, trustee or manager · indirect via REVOCABLE TRUST AGREEMENT OF CHARLES T. AKRE, JR. DATED DECEMBER 21, 2012 · control person
- AddedCERRONE, CHRISTOPHER, D · TRUSTEE · Less than 5%
- AddedCERRONE, CHRISTOPHER, D · TRUSTEE · General partner, trustee or manager · indirect via CHRISTOPHER D. CERRONE REVOCABLE LIVING TRUST, CREATED U/A/D FEBRUARY 18, 2015
- AddedCHRISTOPHER D. CERRONE REVOCABLE LIVING TRUST, CREATED U/A/D FEBRUARY 18, 2015 · MEMBER · 5–10%
- AddedCHRISTOPHER D. CERRONE REVOCABLE LIVING TRUST, CREATED U/A/D FEBRUARY 18, 2015 · MEMBER · General partner, trustee or manager · indirect via AKRE CAPITAL MANAGEMENT, LLC
- AddedREVOCABLE TRUST AGREEMENT OF CHARLES T. AKRE, JR. DATED DECEMBER 21, 2012 · MEMBER · 75% or more · control person
- AddedREVOCABLE TRUST AGREEMENT OF CHARLES T. AKRE, JR. DATED DECEMBER 21, 2012 · MEMBER · 75% or more · indirect via AKRE CAPITAL MANAGEMENT, LLC · control person
- ChangedAKRE, CHARLES, THOMAS · title MANAGING MEMBER → TRUSTEE AND MANAGING MEMBER; ownership 75% or more → Less than 5%
- ChangedMCLAMB, GEORGE, THOMAS · title CHIEF COMPLIANCE OFFICER → MEMBER AND CHIEF COMPLIANCE OFFICER; now a control person
Mar 23, 2015 filing
- AddedNEFF, JOHN, HALLMARK · MEMBER · 5–10%
- Listed againSABERHAGEN, THOMAS, DONALD · MEMBER · 5–10%
Mar 24, 2014 filing
- No longer listedSABERHAGEN, THOMAS, DONALD · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Nov 2012
- AddedMCLAMB, GEORGE, THOMAS · CHIEF COMPLIANCE OFFICER · Less than 5%
Nov 13, 2012 filing
- No longer listedSCHAEFER, ANDREW, CRAIG · PRESIDENT, COO, CHIEF COMPLIANCE OFFICER · 10–25% · control person · listed since Mar 2006
- AddedSABERHAGEN, THOMAS, DONALD · CHIEF COMPLIANCE OFFICER · Less than 5%
Mar 30, 2012 filing (earliest on record)
- ListedAKRE, CHARLES, THOMAS · MANAGING MEMBER · 75% or more · control person
- ListedSCHAEFER, ANDREW, CRAIG · PRESIDENT, COO, CHIEF COMPLIANCE OFFICER · 10–25% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- FAIR ISAAC CORP$44.0M +11.3%
- SERVICENOW INC$9.1M +8.0%
- SOPHIA GENETICS SA$3.0M +16.6%
- PERIMETER SOLUTIONS INC$2.8M +46.0%
- GOOSEHEAD INS INC$2.6M +13.7%
Top Trims
- BROOKFIELD CORP-$172.9M -25.1%
- KKR & CO L P DEL-$164.2M -26.4%
- OREILLY AUTOMOTIVE INC-$159.6M -44.5%
- MASTERCARD INCORPORATED-$117.8M -10.3%
- VISA INC-$114.2M -23.1%
AKRE CAPITAL MANAGEMENT LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | MASTERCARD INCORPORATED | MA | 57636Q104 | $1.02B | 19.95% | 1,989,906 | SH |
| 2 | MOODYS CORP | MCO | 615369105 | $524.0M | 10.23% | 1,156,893 | SH |
| 3 | BROOKFIELD CORP | BN | 11271J107 | $516.2M | 10.08% | 12,119,927 | SH |
| 4 | KKR & CO L P DEL | KKR | 48251W104 | $457.2M | 8.93% | 4,981,486 | SH |
| 5 | FAIR ISAAC CORP | FICO | 303250104 | $432.3M | 8.44% | 361,826 | SH |
| 6 | ROPER TECHNOLOGIES INC | ROP | 776696106 | $398.1M | 7.77% | 1,176,562 | SH |
| 7 | VISA INC | V | 92826C839 | $381.1M | 7.44% | 1,110,881 | SH |
| 8 | COSTAR GROUP INC | CSGP | 22160N109 | $331.3M | 6.47% | 11,699,396 | SH |
| 9 | COPART INC | CPRT | 217204106 | $225.1M | 4.39% | 7,985,808 | SH |
| 10 | OREILLY AUTOMOTIVE INC | ORLY | 67103H107 | $199.1M | 3.89% | 2,161,818 | SH |
| 11 | AIRBNB INC | ABNB | 009066101 | $169.4M | 3.31% | 1,183,749 | SH |
| 12 | CCC INTELLIGENT SOLUTIONS HL | CCC | 12510Q100 | $154.1M | 3.01% | 29,858,935 | SH |
| 13 | SERVICENOW INC | NOW | 81762P102 | $123.7M | 2.42% | 1,246,099 | SH |
| 14 | SALESFORCE INC | CRM | 79466L302 | $112.5M | 2.20% | 717,799 | SH |
| 15 | GOOSEHEAD INS INC | GSHD | 38267D109 | $21.5M | 0.42% | 443,385 | SH |
| 16 | SOPHIA GENETICS SA | SOPH | H82027105 | $21.5M | 0.42% | 3,719,140 | SH |
| 17 | SALESFORCE INC Call | CRM | 79466L302 | $15.7M | 0.31% | 100,000 | SH |
| 18 | PERIMETER SOLUTIONS INC | PRM | 71385M107 | $8.9M | 0.17% | 250,000 | SH |
| 19 | AMERICAN TOWER CORP NEW | AMT | 03027X100 | $4.8M | 0.09% | 29,254 | SH |
| 20 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $4.1M | 0.08% | 8,184 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $5.12B | 20 | 0001112520-26-000014 |
| 2026-03-31 | 2026-05-14 | $6.13B | 20 | 0001112520-26-000009 |
| 2025-12-31 | 2026-02-13 | $9.12B | 18 | 0001112520-26-000008 |
| 2025-09-30 | 2025-11-13 | $10.03B | 19 | 0001112520-25-000029 |
Filer Information
Address
2 WEST MARSHALL STREETMIDDLEBURG, VA 20117
Phone
(540) 687-3880
Filing Manager
AKRE CAPITAL MANAGEMENT LLC
Middleburg, VA
Signatory
Carolyn S. Hylton
Head Trader - Client Service Director