Breaking down the stocks Chuck Akre (Akre) bought, sold, and held in Q3 2025, including their holdings at the end of the quarter. All data sourced from Akre's 13F filed on November 13, 2025.
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
Q3 '25 13F filed with SEC
Holdings in Q3 2025
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| MA | Mastercard | 17.9% | Trimmed (-4%) | $1.79B |
| BN | Brookfield | 13.1% | Trimmed (-0%) | $1.32B |
| KKR | KKR | 11.3% | Trimmed (-2%) | $1.13B |
| V | Visa | 10.1% | Trimmed (-6%) | $1.02B |
| MCO | Moody's | 10.1% | Trimmed (-8%) | $1.01B |
| ORLY | O'Reilly Automotive | 9.3% | Trimmed (-8%) | $928.51M |
| CSGP | CoStar | 7.8% | Trimmed (-0%) | $785.19M |
| ROP | Roper Technologies | 5.8% | Trimmed (-20%) | $576.82M |
| ABNB | Airbnb | 4.2% | $421.72M | |
| FICO | Fair Isaac | 3.9% | Added (+2751%) | $390.37M |
| CPRT | Copart | 1.9% | Added (+253%) | $190.53M |
| DHR | Danaher | 1.7% | Trimmed (-51%) | $173.44M |
| CCCS | CCC Intelligent Solutions | 1.5% | Added (+10%) | $148.22M |
| AMT | American Tower | 0.8% | Trimmed (-52%) | $85.17M |
| GSHD | Goosehead | 0.3% | $27.25M | |
| SOPH | Sophia Genetics | 0.2% | $17.7M | |
| BRK-B | Berkshire Hathaway | 0.1% | $7.03M | |
| KMX | CarMax | 0.1% | $6.76M | |
| VRSK | Verisk | 0.0% | Trimmed (-4%) | $2.08M |
Current Investment Strategy
Akre Capital Management maintained its disciplined "three-legged stool" investment philosophy in Q3 2025, concentrating its portfolio in 19 stocks with no new positions or exits during the quarter, reflecting the firm's commitment to long-term ownership of what it terms "compounding machines"—businesses with superior returns on capital, ethical management, and the ability to reinvest free cash flow at high rates. The firm's top holdings spanned diverse sectors including technology-enabled travel platforms like Airbnb, insurance franchise models such as Goosehead Insurance, AI-driven healthcare analytics provider Sophia Genetics, conglomerate Berkshire Hathaway, and used-car retailer CarMax, demonstrating the fund's focus on businesses with durable competitive advantages and substantial reinvestment opportunities across consumer cyclical, technology, healthcare, and financial services sectors.
New Investments
Akre did not open any new positions during Q3 2025.
Added, Trimmed, and Exited
Added
Akre Capital Management significantly increased three existing positions during Q3 2025: more than tripling their stake in Copart (CPRT) by adding 3.0 million shares, massively expanding Fair Isaac (FICO) from a negligible 9,148 shares to 260,849 shares, and adding 1.5 million shares to CCC Intelligent Solutions (CCCS).
What it means: These aggressive additions reveal a concentrated bet on asset-light, high-return businesses in the automotive and financial analytics ecosystems. The dramatic Copart build (now their position is worth $191M versus $59M previously) and FICO expansion (from $17M to $390M) suggest Akre sees exceptional compounding potential in these capital-efficient platforms. Both companies fit perfectly into Akre's "three-legged stool" philosophy—they generate strong free cash flow, operate with pricing power in their niches, and can reinvest at high rates of return. The automotive data theme connecting Copart and CCC Intelligent Solutions indicates conviction in secular digitization trends within vehicle valuation and insurance claims processing.
Trimmed
Akre reduced ten positions, most notably cutting Danaher (DHR) and American Tower (AMT) by approximately half, while also trimming Roper Technologies (ROP), Visa (V), Moody's (MCO), Mastercard (MA), and KKR by meaningful amounts. Smaller reductions were made to Brookfield (BN), CoStar (CSGP), and Verisk (VRSK).
What it means: This widespread trimming appears to be portfolio rebalancing to fund the Copart and FICO buildouts rather than a loss of conviction across the board. However, the sharp cuts to Danaher and American Tower are particularly notable—Akre may be moving away from capital-intensive infrastructure plays (tower REITs) and large, increasingly complex conglomerates toward more focused, predictable compounders. The partial profit-taking across payment networks (Visa, Mastercard), financial services (Moody's, KKR), and B2B software (Roper, Verisk) suggests valuation discipline and portfolio concentration. Rather than maintaining 20+ meaningful positions, Akre is channeling capital toward their highest-conviction ideas that best exemplify businesses with enduring competitive advantages and superior reinvestment opportunities.
Exited
Akre Capital Management did not fully exit any positions during Q3 2025.
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.
