Exploring the Latest 13F Filing and Investment Adjustments

Chuck Akre (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Chuck founded Akre Capital Management in 1989 after 21 years in the securities business at NYSE member firm Johnston, Lemon & Co. At Johnston, Lemon & Co., he managed various parts of the business, including branch management, research, and asset management. Beginning in June of 1993, Akre operated the firm under the umbrella of Friedman, Billings, Ramsey & Co. Taking the business private again in 2000, he moved the firm to the rural village of Middleburg, Virginia. Chuck Akre (Trades, Portfolio) employs a classic value approach in selecting companies for his portfolio based upon the idea of a three-legged stool. This metaphoric three-legged stool describes what he looks for in an investment: extraordinary business, talented management, and great reinvestment opportunities and histories. The Akre Capital Management team focuses squarely on growth in the underlying economic value per share often defined as book value per share over the course of time. Quarterly misses are seen as opportunities over the course of five to ten-year investment horizons.

• Warning! GuruFocus has detected 8 Warning Signs with CP.

Key Position Increases

Chuck Akre (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them:

• The most notable increase was CoStar Group Inc (NASDAQ:CSGP), with an additional 379,787 shares, bringing the total to 9,313,880 shares. This adjustment represents a significant 4.25% increase in share count, a 0.24% impact on the current portfolio, with a total value of $666,780,670.
• The second largest increase was Brookfield Corp (NYSE:BN), with an additional 30,748 shares, bringing the total to 18,969,179. This adjustment represents a significant 0.16% increase in share count, with a total value of $1,089,779,360.

Key Position Reduces

Chuck Akre (Trades, Portfolio) also reduced positions in 9 stocks. The most significant changes include:

• Reduced KKR & Co Inc (NYSE:KKR) by 1,110,272 shares, resulting in a -9.74% decrease in shares and a -1.21% impact on the portfolio. The stock traded at an average price of $146.98 during the quarter and has returned -8.47% over the past 3 months and -5.86% year-to-date.
• Reduced Moody's Corp (NYSE:MCO) by 283,953 shares, resulting in a -8.44% reduction in shares and a -1.12% impact on the portfolio. The stock traded at an average price of $477.36 during the quarter and has returned 10.06% over the past 3 months and 11.26% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Chuck Akre (Trades, Portfolio)'s portfolio included 18 stocks, with top holdings including 16.87% in Mastercard Inc (NYSE:MA), 13.16% in KKR & Co Inc (NYSE:KKR), 12.61% in Moody's Corp (NYSE:MCO), 9.43% in Brookfield Corp (NYSE:BN), and 9.18% in O'Reilly Automotive Inc (NASDAQ:ORLY).

The holdings are mainly concentrated in 6 of all the 11 industries: Financial Services, Real Estate, Consumer Cyclical, Technology, Healthcare, and Industrials.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.