0001112520-11-000008.txt : 20110513
0001112520-11-000008.hdr.sgml : 20110513
20110513161314
ACCESSION NUMBER: 0001112520-11-000008
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110331
FILED AS OF DATE: 20110513
DATE AS OF CHANGE: 20110513
EFFECTIVENESS DATE: 20110513
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: AKRE CAPITAL MANAGEMENT LLC
CENTRAL INDEX KEY: 0001112520
IRS NUMBER: 541968332
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-06599
FILM NUMBER: 11841194
BUSINESS ADDRESS:
STREET 1: 2 WEST WASHINGTON STREET
STREET 2: PO BOX 998
CITY: MIDDLEBURG
STATE: VA
ZIP: 20118
BUSINESS PHONE: 5406873880
13F-HR
1
d13f-hr_1stqtr.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended: March 31, 2011
Check here if Amendment: |_|; Amendment Number: ____
This Amendment (Check only one): |_| is a restatement
|_| adds new holding entries.
Institutional Manager Filing this Report:
Name: Akre Capital Management, LLC
Address: 2 West Marshall Street
P.O. Box 998
Middleburg, Virginia 20118
13F File Number: 028-06599
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Andrew Schaefer
Title: Chief Operating Officer
Phone: (540) 687-8928
Signature, Place and Date of Signing:
/s/ Andrew Schaefer Middleburg, VA May 13, 2011
----------------------- -------------------------- ------------------
[Signature] [City, State] [Date]
Report Type: (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report).
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting managers(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
List of Other Managers Reporting for this Manager: None
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 33
Form 13F Information Table Value Total: $514,971
(x1000)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
1. 028-13109 Braddock Partners, LP
Akre Capital Management, LLC
Form 13F
31-Mar-11
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE
AEROPOSTALE COM 007865108 2,432 100,000 SH SOLE NONE 100,000
AMERICAN TOWER CORP CL A 029912201 71,978 1,389,005 SH SOLE NONE 1,389,005
ANNALY CAP MGMT INC COM 035710409 3,634 208,225 SH SOLE NONE 208,225
BECTON DICKINSON & CO COM 075887109 3,981 50,000 SH SOLE NONE 50,000
BERKSHIRE HATHAWAY INC DEL CL A 084670108 8,771 70 SH SOLE NONE 70
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 7,465 89,260 SH SOLE NONE 89,260
CARMAX INC COM 143130102 15,853 493,848 SH SOLE NONE 493,848
CSX CORP COM 126408103 1,397 17,768 SH SOLE NONE 17,768
DOLLAR TREE INC COM 256746108 39,475 711,004 SH SOLE NONE 711,004
ENSTAR GROUP LIMITED SHS G3075P101 45,832 458,868 SH SOLE NONE 458,868
ENTERPRISE PRODS PARTNERS L COM 293792107 569 13,207 SH SOLE NONE 13,207
ENTERTAINMENT PPTYS TR COM SH BEN INT 29380T105 247 5,265 SH SOLE NONE 5,265
EXXON MOBIL CORP COM 30231G102 213 2,528 SH SOLE NONE 2,528
FACTSET RESH SYS INC COM 303075105 16,112 153,845 SH SOLE NONE 153,845
HARTFORD FINL SVCS GROUP INC DEP CONV PFD 416515708 19,617 753,045 SH SOLE NONE 753,045
KIMBERLY CLARK CORP COM 494368103 1,958 30,000 SH SOLE NONE 30,000
LAMAR ADVERTISING CO CL A 512815101 46,449 1,257,423 SH SOLE NONE 1,257,423
LPL INVT HLDGS INC COM 50213H100 3,525 98,450 SH SOLE NONE 98,450
MARKEL CORP COM 570535104 46,466 112,116 SH SOLE NONE 112,116
MASTERCARD INC CL A 57636Q104 40,079 159,220 SH SOLE NONE 159,220
MIDDLEBURG FINANCIAL CORP COM 596094102 2,290 129,040 SH SOLE NONE 129,040
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059L102 496 13,620 SH SOLE NONE 13,620
O REILLY AUTOMOTIVE INC NEW COM 67103H107 28,980 504,345 SH SOLE NONE 504,345
OPTIONSXPRESS HLDGS INC COM 684010101 11,527 630,853 SH SOLE NONE 630,853
PENN NATL GAMING INC COM 707569109 10,695 288,596 SH SOLE NONE 288,596
ROSS STORES INC COM 778296103 44,975 632,385 SH SOLE NONE 632,385
PRICE T ROWE GROUP INC COM 74144T108 5,869 88,364 SH SOLE NONE 88,364
TD AMERITRADE HLDG CORP COM 87236Y108 8,348 400,000 SH SOLE NONE 400,000
TECHNE CORP COM 878377100 3,579 50,000 SH SOLE NONE 50,000
TJX COS INC NEW COM 872540109 12,223 245,780 SH SOLE NONE 245,780
TRADESTATION GROUP INC COM 89267P105 1,262 179,574 SH SOLE NONE 179,574
WHITE RIVER CAPITAL INC COM 96445P105 1,604 93,273 SH SOLE NONE 93,273
WMS INDS INC COM 929297109 7,070 200,000 SH SOLE NONE 200,000