Chuck Akre
Akre Capital Management
Chuck Akre (Akre Capital Management) discloses a $6.12B portfolio across 19 US-listed positions in the latest 13F filing (2026Q1, filed May 14, 2026). The largest holding is MA at 18.6% of the book. The biggest move of the quarter: trimmed the MA share count by 24% (position now $1.14B). Latticework's clone backtest puts this 13F book at -2.1%/yr vs SPY over 12.0 years.
About Chuck Akre
Chuck Akre built Akre Capital Management around a framework he calls the "three-legged stool" — businesses with high returns on equity, skilled reinvestment-minded management, and long runways for compounding — and the 19-position, roughly 57%-in-top-five portfolio visible in the 13F reflects that discipline in practice. The current book is anchored in financial-infrastructure compounders: Mastercard, Brookfield, KKR, Moody's, and Visa collectively represent the thesis that toll-road-style businesses with embedded pricing power and capital-light models can compound intrinsic value over decades without requiring active trading. Akre is known for near-zero turnover; positions like Moody's have been held across multiple market cycles. What the 13F captures accurately here is the actual strategy — Akre does not run a significant options overlay or short book, so filings are a reasonably faithful snapshot. The latticework backtest showing roughly -2 percentage points of annual drag versus SPY over twelve years reflects the cost of concentration and low turnover in periods when momentum and breadth rewarded different behavior, not a strategy malfunction.
2026Q1 brief
Akre Capital's $6.1B book saw broad-based trimming of its core compounders alongside targeted new additions in software, a notable stylistic evolution for a manager historically anchored in payments, financial data, and real assets. The heaviest trims hit V (-39%, still 8.1%), BN (-37%), ORLY (-42%), ABNB (-41%), and MCO (-28%) — all quality names but clearly sources of funds for reallocation. The payments trim is particularly interesting as Akre simultaneously added to FICO (+31%, now 6.4%) and initiated CRM (2.2%) and NOW (1.9%), signaling a rotation within the quality-compounder universe from network-effect payments toward software-driven pricing power. MA (18.6%) holds as the largest position despite a -24% trim. New entry PRM (0.1%) is a small insurance-adjacent name to watch. The three new software positions — CRM, NOW, and the continued build in FICO — may represent Akre's bet that enterprise software durability now rivals the compounding profile he has historically sourced from financial infrastructure. Watch whether CRM and NOW get scaled toward top-10 weights in Q2.
AI-generated. Not investment advice.
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Holdings (19) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | MA | 18.6% | $1.14B | |||
| 2 | BN | 11.3% | $689M | |||
| 3 | KKR | 10.2% | $621M | |||
| 4 | MCO | 8.9% | $544M | |||
| 5 | V | 8.1% | $495M | |||
| 6 | ROP | 7.3% | $445M | |||
| 7 | CSGP | 6.8% | $417M | |||
| 8 | FICO | 6.3% | $388M | |||
| 9 | ORLY | 5.9% | $359M | |||
| 10 | CPRT | 4.3% | $266M | |||
| 11 | ABNB | 4.2% | $257M | |||
| 12 | CCC | 3.1% | $189M | |||
| 13 | CRM | 2.2% | $134M | |||
| 14 | NOW | 1.9% | $115M | |||
| 15 | GSHD | 0.3% | $19M | |||
| 16 | H82027105 | 0.3% | $18M | |||
| 17 | AMT | 0.1% | $9M | |||
| 18 | PRM | 0.1% | $6M | |||
| 19 | BRK/B | 0.1% | $5M |
- 1MAport18.6%val$1.14BMastercard Inc - Athis Q -24%·40q
- 2BNport11.3%val$689MBrookfield Corpthis Q -37%·14q
- 3KKRport10.2%val$621MKkr & CO Incthis Q hold·32q
- 4MCOport8.9%val$544MMoody's Corpthis Q -28%·40q
- 5Vport8.1%val$495MVisa Inc-class A Sharesthis Q -39%·40q
- 6ROPport7.3%val$445MRoper Technologies Incthis Q hold·40q
- 7CSGPport6.8%val$417MCostar Group Incthis Q hold·26q
- 8FICOport6.3%val$388MFair Isaac Corpthis Q +31%·4q
- 9ORLYport5.9%val$359MO'reilly Automotive Incthis Q -42%·40q
- 10CPRTport4.3%val$266MCopart Incthis Q hold·4q
- 11ABNBport4.2%val$257MAirbnb Inc-class Athis Q -41%·8q
- 12CCCport3.1%val$189MCcc Intelligent Solutions HOthis Q +27%·9q
- 13CRMport2.2%val$134MSalesforce Incthis Q New·7q
- 14NOWport1.9%val$115MServicenow Incthis Q New·—1q
- 15GSHDport0.3%val$19MGoosehead Insurance Inc -Athis Q hold·30q
- 16H82027105port0.3%val$18MSophia Genetics SAthis Q hold·9q
- 17AMTport0.1%val$9MAmerican Tower Corpthis Q -80%·40q
- 18PRMport0.1%val$6MPerimeter Solutions Incthis Q New·—1q
- 19BRK/Bport0.1%val$5MBerkshire Hathaway Inc-cl Bthis Q hold·40q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| MA | Mastercard Inc - A | TRIM | 18.6% | -24% | $1.14B |
| BN | Brookfield Corp | TRIM | 11.3% | -37% | $689M |
| V | Visa Inc-class A Shares | TRIM | 8.1% | -39% | $495M |
| MCO | Moody's Corp | TRIM | 8.9% | -28% | $544M |
| ORLY | O'reilly Automotive Inc | TRIM | 5.9% | -42% | $359M |
| FICO | Fair Isaac Corp | ADD | 6.3% | +31% | $388M |
| ABNB | Airbnb Inc-class A | TRIM | 4.2% | -41% | $257M |
| CCC | Ccc Intelligent Solutions HO | ADD | 3.1% | +27% | $189M |
| CRM | Salesforce Inc | NEW | 2.2% | +100% | $134M |
| NOW | Servicenow Inc | NEW | 1.9% | +100% | $115M |
| AMT | American Tower Corp | TRIM | 0.1% | -80% | $9M |
| DHR | Danaher Corp | EXIT | 0.2% | -100% | $0 |
| PRM | Perimeter Solutions Inc | NEW | 0.1% | +100% | $6M |
| KMX | Carmax Inc | EXIT | 0.1% | -100% | $0 |
- TRIMMA18.6%Mastercard Inc - AΔ -24%·$1.14B
- TRIMBN11.3%Brookfield CorpΔ -37%·$689M
- TRIMV8.1%Visa Inc-class A SharesΔ -39%·$495M
- TRIMMCO8.9%Moody's CorpΔ -28%·$544M
- TRIMORLY5.9%O'reilly Automotive IncΔ -42%·$359M
- ADDFICO6.3%Fair Isaac CorpΔ +31%·$388M
- TRIMABNB4.2%Airbnb Inc-class AΔ -41%·$257M
- ADDCCC3.1%Ccc Intelligent Solutions HOΔ +27%·$189M
- NEWCRM2.2%Salesforce IncΔ +100%·$134M
- NEWNOW1.9%Servicenow IncΔ +100%·$115M
- TRIMAMT0.1%American Tower CorpΔ -80%·$9M
- EXITDHR0.2%Danaher CorpΔ -100%·$0
- NEWPRM0.1%Perimeter Solutions IncΔ +100%·$6M
- EXITKMX0.1%Carmax IncΔ -100%·$0
Frequently asked questions
- What stocks does Chuck Akre own?
- As of 2026Q1, Chuck Akre's 13F discloses 19 positions worth $6.12B. The top five holdings: MA (18.6%), BN (11.3%), KKR (10.2%), MCO (8.9%), V (8.1%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Chuck Akre buy this quarter?
- In 2026Q1, the filing shows 3 new positions and 2 additions to existing holdings. The largest positions touched by buying: FICO, CCC, CRM, NOW, PRM.
- How big is Chuck Akre's portfolio?
- $6.12B across 19 positions per the latest 13F (filed May 14, 2026). The top five holdings account for 57% of the disclosed book.
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001112520). Not investment advice.