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AKRE CAPITAL MANAGEMENT LLC

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13F filer, CIK 1112520, Middleburg, VA

AKRE CAPITAL MANAGEMENT LLC reported $10,030,655,183 across 19 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 93.44% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001112520-25-000029

Period
2025-09-30
Reported value
$10B
Holdings
19
Top 10 weight
93.44%
New
0
Sold out
0

Part of the filer group AKRE CAPITAL MANAGEMENT LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
FICOadded+251,701$377M
CPRTadded+3,036,760$137M
CCCadded+1,500,000$13.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
DHRreduced-900,569-$179M
ROPreduced-282,795-$141M
AMTreduced-472,406-$90.9M
MCOreduced-186,475-$88.9M
ORLYreduced-798,286-$86.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001112520-25-000029, largest first. % of portfolio is the value over $10,030,655,183, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,920,592 shares; 2024Q4: 3,703,739 shares; 2025Q1: 3,331,076 shares; 2025Q2: 3,295,286 shares; 2025Q3: 3,155,594 shares 3,155,594$1.79B17.89%-139,692Timeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,938,431 shares; 2024Q4: 18,969,179 shares; 2025Q1: 19,094,021 shares; 2025Q2: 19,219,290 shares; 2025Q3: 19,215,941 shares 19,215,941$1.32B13.14%-3,349Timeline
KKRKKR & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,393,836 shares; 2024Q4: 10,283,564 shares; 2025Q1: 8,847,564 shares; 2025Q2: 8,847,564 shares; 2025Q3: 8,713,264 shares 8,713,264$1.13B11.29%-134,300Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,271,740 shares; 2024Q4: 3,271,740 shares; 2025Q1: 3,175,240 shares; 2025Q2: 3,175,240 shares; 2025Q3: 2,973,760 shares 2,973,760$1.02B10.12%-201,480Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,362,880 shares; 2024Q4: 3,078,927 shares; 2025Q1: 2,435,458 shares; 2025Q2: 2,305,424 shares; 2025Q3: 2,118,949 shares 2,118,949$1.01B10.07%-186,475Timeline
ORLYOREILLY AUTOMOTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 919,065 shares; 2024Q4: 895,280 shares; 2025Q1: 863,910 shares; 2025Q2: 9,410,714 shares; 2025Q3: 8,612,428 shares 8,612,428$929M9.26%-798,286Timeline
CSGPCOSTAR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,934,093 shares; 2024Q4: 9,313,880 shares; 2025Q1: 9,313,592 shares; 2025Q2: 9,309,232 shares; 2025Q3: 9,306,485 shares 9,306,485$785M7.83%-2,747Timeline
ROPROPER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,499,429 shares; 2024Q4: 1,481,929 shares; 2025Q1: 1,449,188 shares; 2025Q2: 1,439,468 shares; 2025Q3: 1,156,673 shares 1,156,673$577M5.75%-282,795Timeline
ABNBAIRBNB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,649,398 shares; 2024Q4: 2,649,398 shares; 2025Q1: 2,917,733 shares; 2025Q2: 3,473,243 shares; 2025Q3: 3,473,243 shares 3,473,243$422M4.2%0Timeline
FICOFAIR ISAAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,148 shares; 2025Q3: 260,849 shares 260,849$390M3.89%+251,701Timeline
CPRTCOPART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,200,000 shares; 2025Q3: 4,236,760 shares 4,236,760$191M1.9%+3,036,760Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,775,400 shares; 2024Q4: 1,775,400 shares; 2025Q1: 1,775,400 shares; 2025Q2: 1,775,400 shares; 2025Q3: 874,831 shares 874,831$173M1.73%-900,569Timeline
CCCCCC INTELLIGENT SOLUTIONS HLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,681,398 shares; 2024Q4: 10,681,398 shares; 2025Q1: 13,190,384 shares; 2025Q2: 14,770,128 shares; 2025Q3: 16,270,128 shares 16,270,128$148M1.48%+1,500,000Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,052,532 shares; 2024Q4: 5,503,413 shares; 2025Q1: 2,589,192 shares; 2025Q2: 915,249 shares; 2025Q3: 442,843 shares 442,843$85.2M0.85%-472,406Timeline
GSHDGOOSEHEAD INS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 366,125 shares; 2024Q4: 366,125 shares; 2025Q1: 366,125 shares; 2025Q2: 366,125 shares; 2025Q3: 366,125 shares 366,125$27.2M0.27%0Timeline
SOPHSOPHIA GENETICS SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,237,504 shares; 2024Q4: 2,237,504 shares; 2025Q1: 2,237,504 shares; 2025Q2: 3,719,140 shares; 2025Q3: 3,719,140 shares 3,719,140$17.7M0.18%0Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,274 shares; 2024Q4: 15,274 shares; 2025Q1: 15,175 shares; 2025Q2: 13,985 shares; 2025Q3: 13,985 shares 13,985$7.03M0.07%0Timeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,297,151 shares; 2024Q4: 667,437 shares; 2025Q1: 205,275 shares; 2025Q2: 150,600 shares; 2025Q3: 150,600 shares 150,600$6.76M0.07%0Timeline
VRSKVERISK ANALYTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,378 shares; 2024Q4: 11,301 shares; 2025Q1: 10,139 shares; 2025Q2: 8,639 shares; 2025Q3: 8,279 shares 8,279$2.08M0.02%-360Timeline

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001112520-25-000029 base2025-11-13acceptance time not in the bulk data set