Institutional 13F · Context Only · Never a Buy List机构 13F · 仅供背景参考 · 非买入清单
Akre Capital Management
quality_growth
D
Reliability stable可靠性稳定
leaderboard rank榜单排名 #44
Book持仓规模
$6.1B
long US listed only仅美股多头
Positions持仓数
19
95% resolved已解析
Top-10 concentration前十集中度
87%
% of book占组合%
Turnover换手
LOW
8.3% per quarter每季
Median excess中位超额
-32%
buys vs SPY, since filing买入相对SPY，自申报起 · n 21
Hit rate胜率
29%
share of buys beating SPY跑赢SPY的买入占比
Core lean — the 10-second read核心倾向 — 10秒速读
Core lean: Technology (Equal-Weight) — added ROP, FICO, CRM, NOW (+17.9pp of book this quarter)核心倾向：信息技术（等权） — 本季度加仓 ROP、FICO、CRM、NOW（占组合 +17.9pp）
Technology (Equal-Weight)信息技术（等权）
+17.9pp
17.9% of book held占组合持有
· 4 names标的
· US Sectors (EW)
ROP
FICO
CRM
NOW
AI Software & PlatformsAI 软件与平台
+4.4pp
4.4% of book held占组合持有
· 2 names标的
· AI & Technology
CRMNOW
Non-AI Software非AI软件
+4.4pp
4.4% of book held占组合持有
· 2 names标的
· Software
CRMNOW
AI Agents & ApplicationsAI 智能体与应用
+4.4pp
4.4% of book held占组合持有
· 2 names标的
· Artificial Intelligence
CRMNOW
Descriptive read of the latest filing — themes clustered from curated baskets (Finviz fallback), added-pp = Σ % of book bought this quarter. Not a forecast.基于最新申报的描述性解读——主题按精选篮子聚类（Finviz 兜底），added-pp = 本季度买入占组合百分比之和。非预测。
Grade & excess history评级与超额历史
per-quarter buy cohorts, scored on public filing dates vs SPY — descriptive ranks in a curated survivor cohort按季度买入队列，以公开申报日为锚相对SPY评分——精选幸存者队列中的描述性排名Reliability可靠性: stable稳定 · 4 scored quarters已评分季度 · 25% positive为正 · recent-4 median近4季中位 -36% vs all-time对全期 -36%
Median excess by quarter各季度中位超额: ▁▄▂█ (oldest → newest, shifted by the series minimum so negatives render由旧到新，按序列最小值平移以呈现负值)
| Quarter季度 | Buys买入数 | Median excess中位超额 | Hit胜率 | Median fwd 63d中位前瞻63日 |
|---|---|---|---|---|
| 2024-06-30 | 4 | -64% | 0% | +12% |
| 2025-06-30 | 4 | -28% | 25% | -9% |
| 2025-09-30 | 2 | -44% | 0% | -18% |
| 2026-03-31 | 5 | +15% | 100% | — |
Sector exposure & rotation行业配置与轮动
value-weighted, latest filing; QoQ deltas vs prior quarter按市值加权，最新申报；季度环比变化对上季Current weights当前权重 · 2026-03-31
Financial
45.7%
▼ -4.5pp
Unclassified
14.7%
▼ -1.1pp
Industrials
11.6%
▲ +2.8pp
Technology
10.7%
▲ +5.5pp
Consumer Cyclical
10.0%
▼ -1.9pp
Real Estate
7.0%
▼ -0.6pp
Financials
0.3%
▲ +0.0pp
Theme categories主题类别
US Sectors (EW) 43.9%
Financials 26.6%
Consumer Cyclical 10.0%
AI & Technology 4.4%
Rotating into (QoQ)轮入（环比）
Technology +5.5pp
Industrials +2.8pp
Financials +0.0pp
Rotating out of (QoQ)轮出（环比）
Financial -4.5pp
Consumer Cyclical -1.9pp
Real Estate -0.6pp
Quarter history — top-3 sectors季度历史 — 前三大行业
| 2026-03-31 | Financial 46% · Unclassified 15% · Industrials 12% |
| 2025-12-31 | Financial 50% · Unclassified 16% · Consumer Cyclical 12% |
| 2025-09-30 | Financial 49% · Unclassified 15% · Consumer Cyclical 13% |
| 2025-06-30 | Financial 52% · Unclassified 13% · Consumer Cyclical 13% |
| 2025-03-31 | Financial 49% · Consumer Cyclical 15% · Real Estate 13% |
| 2024-12-31 | Financial 52% · Real Estate 14% · Consumer Cyclical 12% |
| 2024-09-30 | Financial 49% · Real Estate 17% · Consumer Cyclical 12% |
| 2024-06-30 | Financial 52% · Real Estate 17% · Consumer Cyclical 10% |
| 2024-03-31 | Financial 53% · Real Estate 16% · Consumer Cyclical 9% |
| 2023-12-31 | Financial 53% · Real Estate 18% · Consumer Cyclical 8% |
| 2023-09-30 | Financial 58% · Real Estate 15% · Consumer Cyclical 8% |
| 2023-06-30 | Financial 51% · Real Estate 16% · Consumer Cyclical 9% |
Full book完整持仓
every resolved position as filed — click a column header to sort. Conviction is a descriptive composite, not a forecast.截至申报日的全部已解析持仓——点击列头排序。信念分为描述性综合指标，非预测。18 positions shown项持仓 · resolved已解析 18/19 (95%) · unresolved CUSIPs are excluded from this table but counted in book totals未解析CUSIP不列入本表，但计入组合总额
| #↕ | Ticker标的 ↕ | Company公司 ↕ | % book仓位% ↕ | Value金额 ↕ | Action动作 ↕ | Δ sharesΔ股数 ↕ | Add streak连加季数 ↕ | Conviction信念分 ↕ | Sector行业 ↕ | Themes主题 | Since filing自申报 ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |  MA |
Mastercard Incorporated | 18.6% | $1.1B | trim | -24% | — | 70 · HIGH | Financial | Payments & Fintech, Financials (Equal-Weight) | +12% |
| 2 |  BN |
Brookfield Corp | 11.2% | $689M | trim | -37% | — | 68 · MODERATE | — | — | — |
| 3 |  KKR |
Kkr & Co L P Del | 10.1% | $621M | trim | -17% | — | 66 · MODERATE | Financial | Financials (Equal-Weight) | +1% |
| 4 |  MCO |
Moodys Corp | 8.9% | $544M | trim | -28% | — | 64 · MODERATE | Financial | Financials (Equal-Weight) | +16% |
| 5 |  V |
Visa Inc | 8.1% | $495M | trim | -39% | — | 62 · MODERATE | Financial | Payments & Fintech, Financials (Equal-Weight) | +13% |
| 6 | ROP |
Roper Technologies Inc | 7.2% | $445M | add | +14% | 1q | 65 · MODERATE | Industrials | Technology (Equal-Weight) | +14% |
| 7 |  CSGP |
Costar Group Inc | 6.8% | $417M | hold | +8% | — | 58 · MODERATE | Real Estate | Real Estate (Equal-Weight) | -5% |
| 8 | FICO |
Fair Isaac Corp | 6.3% | $388M | add | +31% | 1q | 61 · MODERATE | Technology | Technology (Equal-Weight) | +15% |
| 9 |  ORLY |
Oreilly Automotive Inc | 5.8% | $359M | trim | -42% | — | 54 · MODERATE | Consumer Cyclical | Retail, Consumer Discretionary (Equal-Weight) | -4% |
| 10 |  CPRT |
Copart Inc | 4.3% | $266M | hold | +2% | — | 42 · LOW | Industrials | Industrials (Equal-Weight) | -17% |
| 11 |  ABNB |
Airbnb Inc | 4.2% | $257M | trim | -41% | — | 26 · LOW | Consumer Cyclical | Travel & Experiences, Consumer Discretionary (Equal-Weight) | +10% |
| 12 |  CCC |
Ccc Intelligent Solutions Hl | 3.1% | $189M | add | +27% | 5q | 44 · LOW | — | — | — |
| 13 | CRM |
Salesforce Inc | 2.5% | $153M | new | — | 1q | 27 · LOW | Technology | AI Software & Platforms, Non-AI Software, AI Agents & Applications | +3% |
| 14 | NOW |
Servicenow Inc | 1.9% | $115M | new | — | 1q | 15 · LOW | Technology | AI Software & Platforms, Non-AI Software, AI Agents & Applications | +15% |
| 15 |  GSHD |
Goosehead Ins Inc | 0.3% | $19M | add | +20% | 1q | 23 · LOW | Financials | — | +39% |
| 16 |  AMT |
American Tower Corp New | 0.1% | $9M | trim | -80% | — | 16 · LOW | Real Estate | Real Estate (Equal-Weight) | -0% |
| 17 |  PRM |
Perimeter Solutions Inc | 0.1% | $6M | new | — | 1q | 9 · LOW | — | — | — |
| 18 |  BRK-B |
Berkshire Hathaway Inc Del | 0.1% | $5M | trim | -13% | — | 12 · LOW | Financial | Financials (Equal-Weight) | -0% |
Rotation detail轮动明细
this filing cycle, uncapped — adds/new and trims from the resolved book, exits from the rotation feed本申报周期，不设上限——新建/加仓与减持取自已解析持仓，清仓取自轮动数据Rotated into轮入 (7)
| ROP add |
7.2% | +14% |
| FICO add |
6.3% | +15% |
| CCC add |
3.1% | — |
| CRM new |
2.5% | +3% |
| NOW new |
1.9% | +15% |
| GSHD add |
0.3% | +39% |
| PRM new |
0.1% | — |
Rotated out of轮出 (11)
| MA trim |
-24% | +12% |
| BN trim |
-37% | — |
| KKR trim |
-17% | +1% |
| MCO trim |
-28% | +16% |
| V trim |
-39% | +13% |
| ORLY trim |
-42% | -4% |
| ABNB trim |
-41% | +10% |
| AMT trim |
-80% | -0% |
| BRK-B trim |
-13% | -0% |
 DHR exit |
-100% | +25% |
 KMX exit |
-100% | +54% |
Trade log交易记录
last 40 graded trades, filing-date anchored, newest first — variable hold vs SPY最近40笔已评分交易，以申报日为锚，最新在前——持有期不定，相对SPYNo graded trades available for this fund.该基金暂无已评分交易。
Caveats注意事项 —
13F = quarterly, ~45-day lag, long-only US listed ≥$100M. No shorts, no cash, no non-US positions. This desk is context — ownership is never a directional signal here.13F = 季度披露，约45天滞后，仅含美股多头且持仓≥1亿美元。不含空头、现金或非美股仓位。本台仅为背景参考——持仓数据在此永远不是方向性信号。
Grades and reliability are descriptive ranks within a curated survivor cohort — they measure what filings did after their filing dates, not a manager-selection edge. Conviction and core-lean reads are descriptive composites earning a forward record via the pre-registered ledger (L5); sector/theme classification applies the current map to history.评级与可靠性为精选幸存者队列中的描述性排名——衡量申报日之后持仓的表现，而非经理选择能力。信念分与核心倾向为描述性综合指标，通过预注册账本（L5）积累前瞻记录；行业/主题分类将当前映射应用于历史。