Chuck Akre - Akre Capital Management Portfolio Q3'2025: Top Holdings & Recent Changes
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Chuck Akre - Akre Capital Management once again showcases his trademark focus on “compounding machines” in the US equity market. His Q3’2025 portfolio holds roughly $10.0B across 19 positions, with a striking 93.4% of assets concentrated in the top 10 holdings and headline moves including trims to long‑standing winners like Mastercard, Visa, and Moody's, alongside aggressive adds to Fair Isaac and Copart.
Explore full Akre Capital Q3 2025 portfolio on ValueSense
The Big Picture: Ultra‑Concentrated Compounding Machines
Portfolio Highlights (Q3 2025): - Market Value: $10.0B
- Top 10 Holdings: 93.4%
- Portfolio Size: 19 +0
- Average Holding Period: 34 quarters
- Turnover: 0.0%
Akre Capital’s Q3’2025 13F shows an extremely concentrated approach: just 19 positions, with nearly the entire capital base in the top 10 names, underlining the firm’s willingness to size up only its highest‑conviction ideas in the Akre Capital portfolio. A 34‑quarter average holding period (over eight years) and 0.0% reported turnover reinforce the “buy great businesses and sit” philosophy.
Within this framework, the latest Q3’2025 portfolio adjustments are subtle but telling: mostly trims to long‑held winners—suggesting valuation and risk management discipline—paired with outsized percentage increases in a select few positions. Despite the zero turnover stat, there are meaningful position‑size recalibrations inside the core book, especially among financial infrastructure, payments, data, and specialized industrials.
The dominance of a handful of asset‑light, high‑ROIC, recurring‑revenue franchises in the Akre Capital portfolio continues to anchor Akre’s compounding thesis. The Q3 report paints a picture of an investor leaning into durable moats while trimming exposure where prices have surged or weights have drifted above target.
Top Holdings Overview: Financial Infrastructure, Payments & Specialty Compounding
The Q3’2025 filing highlights 10 primary positions with notable changes, plus one unchanged but important top‑10 name:
The portfolio is led by Mastercard Incorporated (MA) at 17.9% of assets, where Akre executed a “Reduce 4.24%” move. With $1,794.9M invested and 3,155,594 shares, the slight trim indicates ongoing conviction in Mastercard’s global payments moat while managing position size after strong appreciation.
Close behind, Brookfield Corporation (BN) accounts for 13.1% of the portfolio. Akre made a minimal “Reduce 0.02%” adjustment, leaving 19,215,941 shares worth $1,317.8M—essentially a steady, long‑term core holding with only marginal rebalancing.
Private‑equity and alternatives powerhouse KKR & Co. Inc. (KKR) sits at 11.3% of assets, with Akre implementing a “Reduce 1.52%” to 8,713,264 shares, valued at $1,132.3M. This measured trim fits the broader pattern of refining large winners rather than exiting them.
Payments leader Visa Inc. (V) represents 10.1% of the portfolio at $1,015.2M, where Akre opted to “Reduce 6.35%” to 2,973,760 shares. Similarly, credit‑ratings and analytics franchise Moody's Corporation (MCO)—another classic “compounding machine”—also stands at 10.1% with $1,009.6M, after a more pronounced “Reduce 8.09%” action on the 2,118,949‑share stake.
In autos‑related retail, O'Reilly Automotive, Inc. (ORLY) comprises 9.3% of the fund, where the firm chose to “Reduce 8.48%” to 8,612,428 shares worth $928.5M—again consistent with profit‑taking while maintaining a large allocation to a structurally advantaged specialty retailer.
Real‑estate data and marketplace leader CoStar Group, Inc. (CSGP) represents 7.8% of assets at $785.2M (9,306,485 shares) after a tiny “Reduce 0.03%”, essentially keeping the position intact. Meanwhile, diversified software/industrial technology platform Roper Technologies, Inc. (ROP) stands at 5.8% with $576.8M invested, though Akre executed a sizable “Reduce 19.65%” on this name—one of the larger trims in the quarter, indicating either valuation concerns or a desire to reallocate capital.
Outside the top‑10 by rank but very relevant to recent activity, Fair Isaac Corporation (FICO) was a standout add, with Akre boosting the position by “Add 2,751.43%” to 260,849 shares, now worth $390.4M and accounting for 3.9% of the portfolio. This massive increase underscores very strong conviction in FICO’s credit‑scoring and software franchise.
Another aggressive build is Copart, Inc. (CPRT), where Akre implemented an “Add 253.06%” move. The holding now totals 4,236,760 shares valued at $190.5M, or 1.9% of the portfolio—still a smaller weight, but clearly a rising star within the strategy.
Rounding out the top‑10, online accommodations platform Airbnb, Inc. (ABNB) represents 4.2% at $421.7M (3,473,243 shares) with “No change” in Q3. Its stable position size suggests Akre is content to let this structurally advantaged marketplace compound without incremental adjustments for now.
Across these 10–11 highlighted names, Akre is: - Trimming large legacy winners (MA, V, MCO, ORLY, ROP, KKR, BN, CSGP).
- Aggressively building into FICO and Copart.
- Holding firm on key growth platform Airbnb.
What the Portfolio Reveals About Akre’s Current Strategy
Several strategic themes stand out from the Q3’2025 positioning:
- Relentless focus on financial infrastructure and data moats
Mastercard, Visa, Moody’s, KKR, Brookfield, CoStar, Roper, and Fair Isaac all sit at the intersection of finance, data, software, and real‑asset management. Akre appears to be doubling down on businesses that control mission‑critical rails (payments), ratings, analytics, or platforms that are extremely difficult to displace. - Trim, don’t trade: risk management via position sizing
The pattern of percentage reductions in many top positions—without outright sales—shows a preference for risk control through rebalancing rather than market timing. Akre is willing to let winners run but will cut back when weights get extended or valuations look rich, while still preserving core exposure. - Selective aggression where conviction is highest
The dramatic Add 2,751.43% in FICO and Add 253.06% in Copart stands in stark contrast to small trims elsewhere. This suggests Akre sees particularly attractive forward returns and durable competitive advantages in these two franchises at current prices. - Low turnover, high patience
A 0.0% turnover statistic and 34‑quarter average holding period confirms that Akre’s edge is time arbitrage—owning rare, high‑quality compounders through cycles instead of reacting to short‑term volatility. - Sector tilt with diversification by business model
While the portfolio skews toward financials, business services, data/software, and consumer services, the underlying models differ: payment toll‑roads, rating oligopolies, asset managers, online marketplaces, and specialty industrial platforms. This offers economic diversification even within a focused sector tilt.
Portfolio Concentration Analysis
| Position | Value | % of Portfolio | Recent Change |
|---|---|---|---|
| Mastercard Incorporated (MA) | $1,794.9M | 17.9% | Reduce 4.24% |
| Brookfield Corporation (BN) | $1,317.8M | 13.1% | Reduce 0.02% |
| KKR & Co. Inc. (KKR) | $1,132.3M | 11.3% | Reduce 1.52% |
| Visa Inc. (V) | $1,015.2M | 10.1% | Reduce 6.35% |
| Moody's Corporation (MCO) | $1,009.6M | 10.1% | Reduce 8.09% |
| O'Reilly Automotive, Inc. (ORLY) | $928.5M | 9.3% | Reduce 8.48% |
| CoStar Group, Inc. (CSGP) | $785.2M | 7.8% | Reduce 0.03% |
| Roper Technologies, Inc. (ROP) | $576.8M | 5.8% | Reduce 19.65% |
| Airbnb, Inc. (ABNB) | $421.7M | 4.2% | No change |
This table highlights just how top‑heavy Akre Capital’s book is: the first five positions alone—MA, BN, KKR, V, and MCO—collectively account for more than 60% of the entire portfolio. Such concentration magnifies both the upside and downside tied to a small set of dominant, high‑moat businesses.
The widespread “Reduce” actions across nearly all of the top‑10, including a sharp 19.65% trim in ROP and sizable cuts to ORLY and MCO, show Akre continuously tuning concentration risk rather than letting drifts go unchecked. Yet the fact that these names remain large suggests he believes their competitive positions and long‑term economics are still attractive.
Investment Lessons from Chuck Akre’s Approach
Akre’s Q3’2025 positioning offers several practical takeaways for individual investors:
- Concentrate in what you truly understand
With 93.4% of capital in 10 names, Akre demonstrates that depth over breadth can work when you rigorously understand business models, management, and long‑term economics. - Holding period is a core part of the edge
A 34‑quarter average holding period underscores the power of letting compounding work. Constant trading is not required when you own structurally advantaged businesses. - Trim winners; don’t reflexively sell them
Akre’s pattern of partial reductions in MA, V, MCO, ORLY, ROP, and others—rather than wholesale exits—shows a nuanced approach: respect valuation and position size, but keep exposure to elite franchises. - Be willing to scale up conviction quickly
The bold “Add 2,751.43%” in FICO and “Add 253.06%” in CPRT demonstrates that when thesis, price, and timing align, rapid scaling can be rational. - Focus on moats, not fads
Payments networks, rating agencies, financial data, and specialized platforms are structural beneficiaries of long‑term trends and regulation—not short‑term themes. Akre’s book is built around enduring competitive advantages.
Looking Ahead: What Comes Next for Akre Capital?
Looking forward, Akre’s current configuration sets the portfolio up for continued compounding if his core themes play out:
- With no new positions and 0.0% turnover, Akre appears comfortable with his current roster of businesses and is likely to continue focusing on intrinsic value growth rather than tactical trading.
- The big step‑ups in FICO and CPRT suggest they could become more prominent drivers of performance if their earnings trajectories unfold as expected.
- Any future reallocations will likely continue the pattern seen this quarter: measured trims to large, fully priced winners and selective scaling into newer or relatively more attractive compounders.
- Investors following the Akre Capital portfolio should watch upcoming 13F filings for:
- Whether FICO and Copart continue to be built up.
- Further reductions in Roper and other long‑standing positions.
- Any new entrants that fit the “three‑legged stool” of business, people, and reinvestment runway that Akre often emphasizes.
Track Akre Capital’s next 13F moves on ValueSense
FAQ about Chuck Akre – Akre Capital Portfolio
Q: What were the most significant changes in Akre Capital’s Q3’2025 13F portfolio?
The most notable changes were large percentage additions to Fair Isaac Corporation (FICO) (“Add 2,751.43%”) and Copart, Inc. (CPRT) (“Add 253.06%”), alongside widespread reductions in major holdings such as MA, V, MCO, ORLY, and ROP.
Q: How concentrated is Chuck Akre’s portfolio?
Extremely concentrated: 19 positions in total, with 93.4% of assets in the top 10 holdings and individual positions like Mastercard, Brookfield, and KKR each taking double‑digit percentage weights.
Q: Does Akre trade frequently or hold for the long term?
The Q3’2025 report shows 0.0% turnover and an average holding period of 34 quarters, highlighting a long‑term, low‑turnover approach. Most activity is fine‑tuning position sizes rather than rapid trading.
Q: Which sectors or business types dominate Akre Capital’s holdings?
Akre’s book is dominated by financial infrastructure, payments, data/analytics, and specialized platforms, including companies like MA, V, MCO, FICO, CSGP, and ROP.
Q: How can I track and follow Chuck Akre’s future portfolio moves?
You can follow Akre Capital’s holdings through quarterly 13F filings, which are reported up to 45 days after quarter‑end, meaning there is a lag between trades and public disclosure. Platforms like ValueSense aggregate these filings and provide visualizations, change tracking, and historical data—see the dedicated Akre Capital superinvestor page for ongoing updates.
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