Chuck Akre - Akre Capital Management Portfolio Q2'2025: Top Holdings & Recent Changes
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Chuck Akre, founder of Akre Capital Management, continues to exemplify his reputation as a master of long-term compounding. His Q2’2025 portfolio showcases a $10.2 billion collection of high-conviction bets, with a striking 95.2% of assets concentrated in just ten positions. This quarter, Akre’s moves reveal a disciplined approach—trimming select winners, adding to core compounders, and making bold allocations to new and existing growth stories.
The Big Picture: Relentless Focus on Quality Compounders
Portfolio Highlights (Q2’2025): - Market Value: $10.2B - Top 10 Holdings: 95.2% - Portfolio Size: 19 +1 - Average Holding Period: 32 quarters - Turnover: 15.8%
Akre’s portfolio remains a case study in concentration and patience. With only 19 positions, the top ten account for over 95% of assets, underscoring Akre’s conviction in a select group of businesses with enduring competitive advantages. The average holding period of 32 quarters (eight years) is a testament to his “compounding machine” philosophy—favoring businesses that can reinvest capital at high rates over long periods.
Despite a modest 15.8% turnover, Akre is not afraid to act decisively when opportunities or risks arise. This quarter saw both significant trims and bold additions, reflecting a willingness to adapt while staying true to core principles. The portfolio’s resilience is built on a foundation of financial services, payments, and niche growth leaders, with a measured openness to new ideas.
Top Holdings Analysis: Compounders, Upgrades, and Tactical Moves
The portfolio is anchored by Mastercard Incorporated at 18.1%, though Akre reduced this position by 1.07%. O'Reilly Automotive, Inc. saw a dramatic 989.32% increase, now representing 8.3% of assets—a bold bet on the automotive aftermarket. Airbnb, Inc. was boosted by 19.04% to 4.5%, signaling growing confidence in the platform’s global reach.
Akre added 0.66% to Brookfield Corp 11.6%, further cementing its role as a core holding. CCC Intelligent Solutions Holdings Inc. was increased by 11.98%, now at 1.4%, while Copart, Inc. was initiated with a new 0.6% allocation.
On the trimming side, Moody’s Corp was reduced by 5.34% 11.3%, Roper Technologies by 0.67% 8.0%, and CoStar Group by 0.05% 7.3%. American Tower Corp faced a substantial 64.65% reduction, now just 2.0% of the portfolio.
Visa Inc. 11.0% and KKR & Co L.P. 11.5% remain unchanged, reflecting enduring conviction in these financial and alternative asset giants. The portfolio’s core is rounded out by a blend of payment networks, data-driven platforms, and asset-light business models, each selected for their ability to compound capital over time.
What the Portfolio Reveals About Akre’s Strategy
- Quality Over Quantity: Akre’s focus is on a handful of elite businesses with durable competitive advantages, as evidenced by the 95%+ allocation to the top ten holdings.
- Financial Services & Payments Core: Mastercard, Visa, and KKR anchor the portfolio, highlighting a preference for scalable, fee-based models with global reach.
- Dynamic Position Sizing: The massive addition to O’Reilly Automotive and the significant trim of American Tower show a willingness to recalibrate conviction as fundamentals and valuations shift.
- Growth with Downside Protection: Additions to Airbnb and CCC Intelligent Solutions reflect a search for scalable growth, balanced by the stability of established compounders.
- Long-Term Mindset: With an average holding period of eight years, Akre’s approach is built on patience and the power of compounding, not short-term trading.
Portfolio Concentration Analysis
| Position | Value | % of Portfolio | Recent Change |
|---|---|---|---|
| Mastercard Incorporated | $1,851.8M | 18.1% | Reduce 1.07% |
| BROOKFIELD CORP | $1,188.7M | 11.6% | Add 0.66% |
| KKR & CO L P DEL | $1,177.0M | 11.5% | No change |
| MOODYS CORP | $1,156.4M | 11.3% | Reduce 5.34% |
| Visa Inc. | $1,127.4M | 11.0% | No change |
| O'Reilly Automotive, Inc. | $848.2M | 8.3% | Add 989.32% |
| Roper Technologies, Inc. | $815.9M | 8.0% | Reduce 0.67% |
| COSTAR GROUP INC | $748.5M | 7.3% | Reduce 0.05% |
| Airbnb, Inc. | $459.6M | 4.5% | Add 19.04% |
Akre’s top ten holdings account for an overwhelming 95.2% of the portfolio, with the largest position (Mastercard) nearly double the next largest. This level of concentration is rare among institutional investors and reflects deep conviction in the underlying business models. The presence of both incremental changes and dramatic reallocations (such as O’Reilly Automotive’s surge) demonstrates a nuanced approach to risk—willing to let winners run, but not afraid to trim or reallocate as conditions evolve.
Investment Lessons from Chuck Akre
- Concentrate When You Know: Akre’s willingness to allocate heavily to a few businesses underscores the value of deep research and conviction.
- Hold for the Long Run: The average holding period of eight years highlights the power of compounding and the importance of patience.
- Reinvest in Compounders: Akre seeks businesses that can reinvest at high rates of return, a hallmark of enduring wealth creation.
- Adapt, Don’t Overreact: While turnover is low, Akre is not static—he trims, adds, and reallocates as fundamentals and valuations shift.
- Quality Over Hype: The portfolio is built on proven business models, not speculative bets.
Looking Ahead: What Comes Next?
With $10.2B deployed and a modest 15.8% turnover, Akre has both the discipline and flexibility to act as opportunities arise. The significant addition to O’Reilly Automotive and Airbnb suggests a willingness to lean into secular growth themes, while trims to Moody’s and American Tower indicate valuation discipline. Investors should watch for further moves in technology-enabled platforms and asset-light business models, as Akre continues to seek the next generation of compounders. Market volatility may present new opportunities, but the core philosophy—quality, patience, and concentration—remains unchanged.
FAQ about Chuck Akre’s Portfolio
Q: Why did Akre Capital make such a large addition to O’Reilly Automotive this quarter?
A: The nearly tenfold increase in O'Reilly Automotive, Inc. reflects Akre’s conviction in the company’s durable growth, strong competitive moat, and ability to compound capital over time.
Q: How concentrated is Akre’s portfolio compared to other superinvestors?
A: With 95.2% of assets in the top ten holdings, Akre’s portfolio is among the most concentrated in the industry, reflecting a high-conviction, long-term approach.
Q: What is Akre’s average holding period, and why does it matter?
A: The average holding period is 32 quarters (eight years), underscoring Akre’s belief in long-term compounding and minimizing trading costs.
Q: Which sectors does Akre favor, and how has this changed?
A: Akre’s portfolio is anchored in financial services, payments, and data-driven platforms, with recent moves increasing exposure to automotive and technology-enabled businesses.
Q: How can I track Akre’s moves and stay updated?
A: You can follow Akre Capital’s portfolio on ValueSense, which updates holdings based on quarterly 13F filings. Note that 13F data is reported with a 45-day lag, so use ValueSense for timely analysis and alerts.
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