In Q2 2026, Akre Capital Management held 19 US-listed stocks worth $5.1bn. Its biggest move was cutting Fair Isaac (1% fewer shares, now 8.4%), followed by cutting O'Reilly Automotive (44% fewer shares, now 3.9%). Its largest holding is Mastercard at 20%.
23% of the $5.2bn of shares held in Akre Capital Management’s one US-registered fund, Akre Focus ETF, by value, are not in its 13F. Those holdings are marked with a gold dot below.
US holdings from the 13F
Q2 2026, filed 14 Aug 2026 (filing): 0 new, 2 added to, 13 trimmed, 0 sold out. Select a row to see it over time.How this works
Changes compare share counts with Q1 2026, adjusted for stock splits. Share classes of the same company are combined. Values are at quarter-end prices.
13F holdings with change from the previous quarter
Each bar is one 13F. Select a bar or press play to see that quarter’s 12 largest positions.How this works
Bars are split by share of the US portfolio: the six biggest holdings over the period in colour, everything else in grey. The last eight quarters are shown in full, earlier years at year end.
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MAMCOAMTVORLYKKREverything else
2013: Mastercard 12.3%, Moody's 10.1%, American Tower 9.8%, Visa 4.1%, O'Reilly Automotive 3.9%, KKR & Co. 0.0%; 2014: Mastercard 9.7%, Moody's 8.9%, American Tower 10.8%, Visa 3.9%, O'Reilly Automotive 4.1%, KKR & Co. 0.0%; 2015: Mastercard 10.2%, Moody's 8.2%, American Tower 15.0%, Visa 3.9%, O'Reilly Automotive 4.7%, KKR & Co. 0.0%; 2016: Mastercard 8.9%, Moody's 8.1%, American Tower 14.2%, Visa 5.2%, O'Reilly Automotive 4.2%, KKR & Co. 0.0%; 2017: Mastercard 11.2%, Moody's 11.6%, American Tower 13.9%, Visa 7.7%, O'Reilly Automotive 6.3%, KKR & Co. 0.0%; 2018: Mastercard 12.7%, Moody's 10.1%, American Tower 14.2%, Visa 8.2%, O'Reilly Automotive 8.2%, KKR & Co. 0.0%; 2019: Mastercard 14.6%, Moody's 12.4%, American Tower 15.1%, Visa 8.4%, O'Reilly Automotive 7.6%, KKR & Co. 3.4%; 2020: Mastercard 14.2%, Moody's 11.1%, American Tower 10.8%, Visa 7.8%, O'Reilly Automotive 5.6%, KKR & Co. 4.0%; 2021: Mastercard 11.8%, Moody's 12.3%, American Tower 11.4%, Visa 6.3%, O'Reilly Automotive 6.2%, KKR & Co. 6.1%; 2022: Mastercard 18.4%, Moody's 14.4%, American Tower 13.4%, Visa 9.2%, O'Reilly Automotive 9.0%, KKR & Co. 6.3%; 2023: Mastercard 18.2%, Moody's 15.7%, American Tower 12.4%, Visa 7.7%, O'Reilly Automotive 8.2%, KKR & Co. 11.6%; Q3 ’24: Mastercard 16.1%, Moody's 13.3%, American Tower 11.7%, Visa 7.5%, O'Reilly Automotive 8.8%, KKR & Co. 12.4%; Q4 ’24: Mastercard 16.9%, Moody's 12.6%, American Tower 8.7%, Visa 8.9%, O'Reilly Automotive 9.2%, KKR & Co. 13.2%; Q1 ’25: Mastercard 17.6%, Moody's 10.9%, American Tower 5.4%, Visa 10.7%, O'Reilly Automotive 11.9%, KKR & Co. 9.8%; Q2 ’25: Mastercard 18.1%, Moody's 11.3%, American Tower 2.0%, Visa 11.0%, O'Reilly Automotive 8.3%, KKR & Co. 11.5%; Q3 ’25: Mastercard 17.9%, Moody's 10.1%, American Tower 0.0%, Visa 10.1%, O'Reilly Automotive 9.3%, KKR & Co. 11.3%; Q4 ’25: Mastercard 18.8%, Moody's 9.7%, American Tower 0.0%, Visa 10.3%, O'Reilly Automotive 6.7%, KKR & Co. 11.3%; Q1 ’26: Mastercard 18.6%, Moody's 8.9%, American Tower 0.0%, Visa 8.1%, O'Reilly Automotive 5.8%, KKR & Co. 10.1%; Q2 ’26: Mastercard 19.9%, Moody's 10.2%, American Tower 0.0%, Visa 7.4%, O'Reilly Automotive 3.9%, KKR & Co. 8.9%
Total returns after fees for the AKRE share class (the cheapest one with a full record). 1, 3 and 5-year figures run to 31 Jul 2026, built from the monthly returns the fund reports in its N-PORT filings and checked against its shareholder reports. The 10-year figure is from the shareholder report to 31 Jul 2026. Costs are the expense ratio in the annual report to 31 Jul 2026, about $90 a year on $10,000. Past returns don’t predict future ones.
Full portfolio at 31 Jul 2026, from the fund’s N-PORT filing. Net assets $5.2bn. Cash, bonds and other assets make up 0.7%. Changes are against 30 Apr 2026: 1 new, 3 added to, 11 trimmed, 1 sold out. The 13F is at 30 Jun 2026, so a gold dot can also mean the fund bought the shares after that date.
Akre Focus ETF holdings with change from the previous filing
Q1 Q2 Q3 Q4 · each quarter is that quarter’s profits times the stake reported at its end. *2026 so far: 2 quarters. Click a quarter to see its holdings.
Net income is as reported (GAAP), so it includes one-off items and, for some companies, gains or losses on investments they hold. Companies that report under IFRS (most non-US companies) or whose shares we can’t match reliably are left out; “portfolio covered” shows how much is included. Look-through earnings explained. Growth compares earnings per share over the last 12 months with the 12 months a year earlier, for holdings profitable in both.
5% stake filings
Holdings of 5% or more of a company (13D and 13G), usually reported well before the next 13F.How this works
Akre Capital Management’s filings since December 2024, newest first. An amendment showing less than 5% means the holding fell below the threshold. A 13D means the holder may seek to influence the company. How to read a 13D.