Akre Capital Management filed its Q2 2026 13F on August 14, 2026. The filing covers the quarter ending June 30, 2026. Portfolio value stands at $5.12 billion. The fund holds 20 positions across 19 stocks.
This Article breaks down every holding, the sector split, and what changed this quarter.
Report Record
| Metric | Value |
|---|---|
| Portfolio value | $5.12 billion |
| Total holdings | 20 (19 stocks + 1 option) |
| Reporting period | June 30, 2026 |
| Filing date | August 14, 2026 |
| Turnover rate | 1% |
| New positions this quarter | 0 |
| Fully exited positions | 0 |
| Top holding | Mastercard (MA) — 19.95% |
Who Is Akre Capital Management
Akre Capital Management is a Virginia-based investment firm. Chuck Akre founded it in 1989. John Neff now runs the Akre Focus Fund as CIO. Andrew Millette and Trey Tickner work alongside him.
The firm follows what it calls a “three-legged stool” approach. It looks for great businesses, honest managers, and room to reinvest profits at high rates. Akre keeps its portfolio small and concentrated on purpose. Twenty positions is typical for this fund, not an exception.
Full List: All 20 Akre Capital Holdings (Q2 2026)
| Ticker | Company | Value ($M) | Weight (%) | QoQ Change |
|---|---|---|---|---|
| MA | Mastercard Inc | $1,022.0 | 19.95% | -12.77% |
| MCO | Moody’s Corp | $524.0 | 10.23% | -7.16% |
| BN | Brookfield Corp | $516.2 | 10.08% | -28.82% |
| KKR | KKR & Co Inc | $457.2 | 8.93% | -25.85% |
| FICO | Fair Isaac Corp | $432.3 | 8.44% | -0.53% |
| ROP | Roper Technologies Inc | $398.1 | 7.77% | -6.42% |
| V | Visa Inc | $381.1 | 7.44% | -32.21% |
| CSGP | CoStar Group Inc | $331.3 | 6.47% | +13.06% |
| CPRT | Copart Inc | $225.1 | 4.39% | -0.16% |
| ORLY | O’Reilly Automotive Inc | $199.1 | 3.89% | -44.37% |
| ABNB | Airbnb Inc | $169.4 | 3.31% | -41.82% |
| CCC | CCC Intelligent Solutions | $154.1 | 3.01% | -5.25% |
| NOW | ServiceNow Inc | $123.7 | 2.42% | +13.68% |
| CRM | Salesforce Inc (equity) | $112.5 | 2.20% | 0% |
| CRM (Call) | Salesforce Inc (options) | $15.7 | 0.31% | 0% |
| GSHD | Goosehead Insurance Inc | $21.5 | 0.42% | 0% |
| SOPH | Sophia Genetics SA | $21.5 | 0.42% | 0% |
| PRM | Perimeter Solutions Inc | $8.9 | 0.17% | 0% |
| AMT | American Tower Corp | $4.8 | 0.09% | -42.38% |
| BRK.B | Berkshire Hathaway Cl B | $4.1 | 0.08% | -20.84% |
Data source: SEC 13F filing, via GuruFocus.
Sector Allocation: Where Akre Puts Its Money
| Sector Group | Stocks | Weight (%) |
|---|---|---|
| Financials & Payments | MA, V, MCO, KKR, BN | 56.63% |
| Software & Data | NOW, CRM, FICO, CCC, ROP | 24.15% |
| Real Estate Data | CSGP | 6.47% |
| Consumer & Auto | CPRT, ORLY, ABNB | 11.59% |
| Insurance | GSHD, BRK.B | 0.50% |
| Others | SOPH, PRM, AMT | 0.68% |
Financials and payments alone make up over half the portfolio. Mastercard, Visa, Moody’s, KKR, and Brookfield sit at the core. Software names come next, led by Fair Isaac and Roper. This is not a diversified fund. It is a bet on a small group of businesses Akre trusts.
Top 5 Holdings: A Closer Look
Mastercard (MA) — 19.95%
Akre’s oldest and largest position. The stake goes back to at least 2013. The firm trimmed it by nearly 13% this quarter.
- Bull case: Toll-booth business model, high margins, global card network.
- Bear case: Regulatory pressure on interchange fees keeps rising worldwide.
Moody’s (MCO) — 10.23%
A credit rating agency with strong pricing power. Held since 2013 as well.
- Bull case: Wide moat, low capital needs, steady cash flow.
- Bear case: Sensitive to bond issuance volumes and rate cycles.
Brookfield Corp (BN) — 10.08%
An alternative asset manager with global infrastructure and real estate exposure. Akre cut this position by almost 29% this quarter.
- Bull case: Large, growing fee-earning asset base.
- Bear case: Complex structure makes it hard to value precisely.
KKR & Co (KKR) — 8.93%
A private equity and credit giant. Trimmed by over 25% in Q2.
- Bull case: Strong fundraising and growing insurance arm.
- Bear case: Private equity valuations face scrutiny in a slower deal market.
Fair Isaac Corp (FICO) — 8.44%
The company behind the FICO credit score. Held almost flat this quarter.
- Bull case: Near-monopoly on US credit scoring, high pricing power.
- Bear case: Antitrust and regulatory attention has increased around FICO’s pricing.
What Changed This Quarter
Akre made no new purchases in Q2 2026. It also exited no positions fully. The one percent turnover rate confirms this is a low-activity quarter.
The fund added to two names. ServiceNow shares rose 13.68%. CoStar Group shares rose 13.06%. Both are newer additions from earlier in 2026.
Everything else got trimmed. Airbnb, American Tower, and O’Reilly Automotive saw the deepest cuts, all above 40%. Mastercard, KKR, Brookfield, and Visa also came down meaningfully. This pattern points to profit-taking on older, appreciated winners rather than a loss of conviction.
Bull Case vs Bear Case
| Bull Case | Bear Case |
|---|---|
| Concentrated bets in proven compounders | Low diversification raises single-stock risk |
| Near-zero new buys shows valuation discipline | Heavy trims suggest fewer bargains left |
| Financials core has pricing power and moats | Sector concentration hurts if rates or regulation shift |
| Long holding periods show conviction, not churn | Small-cap names like Perimeter and Sophia add volatility |
Can Indian Investors Buy These Stocks?
This is a common question for Indian readers tracking US fund filings. Yes, Indian residents can buy every stock on this list.
You need to use the RBI’s Liberalised Remittance Scheme (LRS). It allows remittance of up to $250,000 per person per financial year for such investments. Platforms like INDmoney, Vested, and Interactive Brokers support direct US stock purchases from India.
Keep tax rules in mind. Gains on US stocks fall under capital gains tax in India, separate from LRS remittance limits. A tax collected at source (TCS) may apply on outward remittance above certain thresholds. Always check current RBI and income tax rules before investing, since these change from time to time.
Disclaimer
This article is for informational purposes only. It is not investment advice. We are not a SEBI-registered investment advisor. Data is sourced from public SEC 13F filings via GuruFocus and may change with future amendments. Please do your own research and consult a registered financial advisor before investing.
FAQs
Akre Capital Management’s 13F portfolio was worth $5.12 billion as of June 30, 2026.
Mastercard (MA) is the largest holding at 19.95% of the portfolio.
No. The fund made no full exits and opened no new positions this quarter.
4. Can Indian investors buy Akre Capital Management’s stocks?
Yes, through the RBI’s Liberalised Remittance Scheme using platforms like INDmoney or Vested.
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