Breaking down the stocks Chuck Akre (Akre) bought, sold, and held in Q2 2026, including their holdings at the end of the quarter. All data sourced from Akre's 13F filed on August 14, 2026.
Who are Chuck Akre and Akre Capital Management?
Akre Capital Management is an investment firm founded in 1989 by Charles "Chuck" Akre, known for his "three-legged stool" approach to identifying exceptional investments. The firm focuses on a concentrated portfolio of extraordinary businesses characterized by superior returns on capital, talented and ethical management teams, and the ability to reinvest free cash flow at high rates of return. This disciplined strategy has enabled Akre to deliver market-beating returns over multiple decades through long-term ownership of compounding machines rather than frequent trading.
Akrecapital.com
Wikipedia on Chuck Akre
Q2 '26 13F filed with SEC
Holdings in Q2 2026
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| Mastercard | 20.0% | Trimmed (-13%) | $1.02B | |
| Moodys | 10.2% | Trimmed (-7%) | $523.98M | |
| Brookfield | 10.1% | Trimmed (-29%) | $516.19M | |
| Kkr & Co L P Del | 8.9% | Trimmed (-26%) | $457.2M | |
| Fair Isaac | 8.4% | Trimmed (-1%) | $432.3M | |
| Roper | 7.8% | Trimmed (-6%) | $398.14M | |
| Visa | 7.4% | Trimmed (-32%) | $381.13M | |
| CoStar Group | 6.5% | Added (+13%) | $331.33M | |
| Copart | 4.4% | Trimmed (-0%) | $225.12M | |
| O'Reilly Automotive | 3.9% | Trimmed (-44%) | $199.08M | |
| Airbnb | 3.3% | Trimmed (-42%) | $169.39M | |
| CCC Intelligent | 3.0% | Trimmed (-5%) | $154.07M | |
| ServiceNow | 2.4% | Added (+14%) | $123.71M | |
| Salesforce | 2.2% | $112.45M | ||
| Goosehead Insurance | 0.4% | $21.5M | ||
| Sophia Genetics Sa | 0.4% | $21.46M | ||
| Perimeter Solutions | 0.2% | $8.91M | ||
| American Tower | 0.1% | Trimmed (-42%) | $4.79M | |
| Berkshire Hathaway | 0.1% | Trimmed (-21%) | $4.1M |
Current Investment Strategy
Akre Capital Management, guided by Chuck Akre's enduring "three-legged stool" philosophy, continued through Q2 2026 to run a highly concentrated portfolio built around a handful of what it views as exceptional, high-return businesses run by capable, shareholder-aligned management teams capable of redeploying free cash flow at superior rates. With no new purchases or outright exits during the quarter, the firm's steadfast conviction in holdings such as Salesforce, Goosehead Insurance, Sophia Genetics, and Perimeter Solutions underscored its patient, low-turnover approach to compounding capital over multi-year horizons rather than chasing short-term market moves.
New Investments
Akre did not open any new positions during Q2 2026.
Added, Trimmed, and Exited
Added
Akre made only one notable addition among existing holdings, increasing its stake in ServiceNow by 150,000 shares (+13.7%), bringing the position to 1,246,099 shares valued at roughly $123.7 million.
What it means: This modest add stands out against a quarter otherwise defined by broad-based selling, suggesting Akre saw relative value or continued conviction in ServiceNow's growth trajectory even as the firm trimmed nearly every other position in the portfolio.
Trimmed
Akre reduced nearly its entire portfolio this quarter, with the largest cuts in Brookfield (-4,907,150 shares, -25.1% return), Kkr & Co L P Del (-1,736,592 shares, -26.4%), O'Reilly Automotive (-1,723,995 shares, -44.5%), CCC Intelligent (-1,654,135 shares, -18.5%), and Airbnb (-850,724 shares, -34.1%). Further trims came in Visa, Mastercard, Moodys, Roper, American Tower, Copart, Berkshire Hathaway, and Fair Isaac, while CoStar Group saw a share increase (+1,351,123) despite a steep -20.6% return, indicating the value decline was purely price-driven rather than a deliberate reduction.
What it means: This across-the-board trimming, coupled with total portfolio value falling from $6.13 billion to $5.12 billion, points to a combination of significant unrealized losses in the quarter (evident in the negative returns across nearly all positions) and a deliberate move to raise cash or reduce concentration risk. The magnitude and breadth of the cuts—hitting core long-term holdings like O'Reilly Automotive and Brookfield—suggests this may reflect either a broader market downturn affecting Akre's favored high-quality compounders or a strategic repositioning by the firm, a notable departure from its typically low-turnover, buy-and-hold philosophy.
Exited
There were no fully liquidated positions this quarter.
What it means: Despite the widespread trimming, Akre maintained conviction in its full roster of holdings, reinforcing the firm's long-term, concentrated investment approach even amid a challenging quarter for portfolio returns.
Disclaimer: All posts are for informational purposes only. They are NOT a recommendation to buy or sell the securities discussed. Please do your own research and due diligence before investing your money.
