AKRE CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

AKRE CAPITAL MANAGEMENT LLC is a Multi-Strategy Hedge Fund based in Middleburg, VA led by John Hallmark Neff, reporting $14.4B in AUM as of Q3 2025 with 63% Financial Services concentration, 93% concentrated in top 10 holdings, and 18% allocation to MA.

CEOJohn Hallmark Neff

Portfolio Value: $10.0B
Positions: 19
Top Holding: MA at 17.89%
Last Reported: Q3 2025

Address2 West Marshall Street, Middleburg, VA, 20117, United States

Top Holdings

Largest long holdings in AKRE CAPITAL MANAGEMENT LLC's portfolio (93.4% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Mastercard MA	Financial - Credit Services Financial Services	$1.8B	17.89%	-$79.5M Sold	0.35% 3.2M shares	≤ Q2 2013 Held for 12y 5m+
2 Brookfield BN	Asset Management Financial Services	$1.3B	13.14%	-$229.7K Sold	1.28% 19.2M shares	Q4 2022 Held for 2y 11m
3 KKR & Co. KKR	Asset Management Financial Services	$1.1B	11.29%	-$17.5M Sold	0.98% 8.7M shares	Q1 2018 Held for 7y 8m
4 Visa V	Financial - Credit Services Financial Services	$1.0B	10.12%	-$68.8M Sold	0.15% 3.0M shares	≤ Q2 2013 Held for 12y 5m+
5 Moody's MCO	Financial - Data & Stock Exchanges Financial Services	$1.0B	10.07%	-$88.9M Sold	1.18% 2.1M shares	≤ Q2 2013 Held for 12y 5m+
6 O'Reilly Automotive ORLY	Specialty Retail Consumer Cyclical	$928.5M	9.26%	-$86.1M Sold	1.02% 8.6M shares	≤ Q2 2013 Held for 12y 5m+
7 CoStar Group CSGP	Real Estate - Services Real Estate	$785.2M	7.83%	-$231.8K Sold	2.20% 9.3M shares	Q4 2019 Held for 5y 11m
8 Roper Technologies, Inc. ROP	Industrial - Machinery Industrials	$576.8M	5.75%	-$141.0M Sold	1.07% 1.2M shares	Q1 2014 Held for 11y 8m
9 Airbnb ABNB	Travel Services Consumer Cyclical	$421.7M	4.20%	—	0.57% 3.5M shares	Q2 2024 Held for 1y 5m
10 Fair Isaac FICO	Software - Application Technology	$390.4M	3.89%	+$376.7M Bought	1.09% 260.8K shares	Q2 2025 Held for 5 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in AKRE CAPITAL MANAGEMENT LLC's latest filing

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Market Value

$10.0B

Prior: $10.2B

Q/Q Change

-1.76%

-$180.2M

Net Flows % of MV

-2.28%

Turnover Ratio

7.74%

New Purchases

1 stocks

$148.2M

Added To

2 stocks

+$513.2M

Sold Out Of

1 stocks

$139.0M

Reduced Holdings

11 stocks

-$751.6M

Increased Positions

Position	Shares Δ	Change
1 CCC CCC Intelligent Solutions Holdings Inc. CCC	New	0 → 16.3M +$148.2M
2 Fair Isaac FICO	+2,751.43%	9.1K → 260.8K +$376.7M
3 Copart CPRT	+253.06%	1.2M → 4.2M +$136.6M

Decreased Positions

Position	Shares Δ	Change
1 CCC Intelligent Solutions Holdings Inc. CCCS	Sold	14.8M → 0 −$139.0M
2 American Tower AMT	-51.62%	915.2K → 442.8K −$90.9M
3 Danaher DHR	-50.72%	1.8M → 874.8K −$178.5M
4 Roper Technologies, Inc. ROP	-19.65%	1.4M → 1.2M −$141.0M
5 O'Reilly Automotive ORLY	-8.48%	9.4M → 8.6M −$86.1M