AKRE CAPITAL MANAGEMENT LLC

Middleburg, VA · CIK 1112520 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2000 · limited liability company

Assets managed$11.8bn
Staff12 · 3 in investment roles
Main clients (by assets)Mutual funds and ETFs 83%, Private funds 11%, Companies 4%
Private funds3 (3 hedge) · $2.5bn gross assets
Websiteakrecapital.com
Form ADV · 2026-06-04SEC adviser record

Legal entityAKRE CAPITAL MANAGEMENT LLC (US)

$5.1bn reported value -16.5% vs Q1 2026

19positions

87.9%in top 10

0 new 2 added 13 reduced 0 sold out vs Q1 2026

Options: 1 call positions ($15.7m notional), 0 put positions (— notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

Braddock Partners Offshore, LP – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MASTERCARD INCORPORATED CL A MA	MA	1,989,906	$1.0bn20.01%	20.01%	Reduced -291.2k	-291,200 -12.8%
2	MOODYS CORP COM MCO	MCO	1,156,893	$524.0m10.26%	10.26%	Reduced -89.2k	-89,221 -7.2%
3	BROOKFIELD CORP CL A LTD VT SH BN	BN	12,119,927	$516.2m10.11%	10.11%	Reduced -4.9m	-4,907,150 -28.8%
4	KKR & CO INC COM KKR	KKR	4,981,486	$457.2m8.95%	8.95%	Reduced -1.7m	-1,736,592 -25.9%
5	FAIR ISAAC CORP COM FICO	FICO	361,826	$432.3m8.47%	8.47%	Reduced -1.9k	-1,939 -0.5%
6	ROPER TECHNOLOGIES INC COM ROP	ROP	1,176,562	$398.1m7.80%	7.80%	Reduced -80.7k	-80,670 -6.4%
7	VISA INC COM CL A V	V	1,110,881	$381.1m7.46%	7.46%	Reduced -527.9k	-527,917 -32.2%
8	COSTAR GROUP INC COM CSGP	CSGP	11,699,396	$331.3m6.49%	6.49%	Added +1.4m	+1,351,123 13.1%
9	COPART INC COM CPRT	CPRT	7,985,808	$225.1m4.41%	4.41%	Reduced -13.1k	-13,130 -0.2%
10	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	2,161,818	$199.1m3.90%	3.90%	Reduced -1.7m	-1,723,995 -44.4%
11	AIRBNB INC COM CL A ABNB	ABNB	1,183,749	$169.4m3.32%	3.32%	Reduced -850.7k	-850,724 -41.8%
12	CCC INTELLIGENT SOLUTIONS HL COM CCC	CCC	29,858,935	$154.1m3.02%	3.02%	Reduced -1.7m	-1,654,135 -5.2%
13	SERVICENOW INC COM NOW	NOW	1,246,099	$123.7m2.42%	2.42%	Added +150.0k	+150,000 13.7%
14	SALESFORCE INC COM CRM	CRM	717,799	$112.5m2.20%	2.20%	Unchanged
15	GOOSEHEAD INS INC COM CL A GSHD	GSHD	443,385	$21.5m0.42%	0.42%	Unchanged
16	SOPHIA GENETICS SA ORDINARY SHARES SOPH	SOPH	3,719,140	$21.5m0.42%	0.42%	Unchanged
17	PERIMETER SOLUTIONS INC COMMON STOCK PRM	PRM	250,000	$8.9m0.17%	0.17%	Unchanged
18	AMERICAN TOWER CORP NEW COM AMT	AMT	29,254	$4.8m0.09%	0.09%	Reduced -21.5k	-21,518 -42.4%
19	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	8,184	$4.1m0.08%	0.08%	Reduced -2.2k	-2,155 -20.8%

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SALESFORCE INC CRM · Call	CRM	Call	100,000	$15.7m100.0k shares	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
SOPHIA GENETICS SA SOPH · 13G · filed 2025-06-27	SOPH	5.6%≈ $21.5m	new	13G	2025-06-27
CCC INTELLIGENT SOLUTIONS HL CCC · 13G · filed 2026-05-15	CCC	5.2%≈ $156.4m	new	13G	2026-05-15