0001112520-12-000003.txt : 20120214
0001112520-12-000003.hdr.sgml : 20120214
20120214161420
ACCESSION NUMBER: 0001112520-12-000003
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120214
DATE AS OF CHANGE: 20120214
EFFECTIVENESS DATE: 20120214
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: 12609947
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
akre13fhr.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: December 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 February 14, 2012
----------------------- -------------------------- ------------------
[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: 32
Form 13F Information Table Value Total: $642,545
(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
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
AMERICAN TOWER CORP CL A 029912201 83,238 1,387,074 SH Sole NONE 1,387,074
APPLE INC COM 037833100 1,660 4,100 SH Sole NONE 4,100
BANK OF AMERICA CORPORATION COM 060505104 4,448 800,000 SH Sole NONE 800,000
BECTON DICKINSON & CO COM 075887109 3,736 50,000 SH Sole NONE 50,000
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 16,697 218,835 SH Sole NONE 218,835
BERKSHIRE HATHAWAY INC DEL CL A 084670108 7,001 61 SH Sole NONE 61
CSX CORP COM 126408103 955 45,347 SH Sole NONE 45,347
CARMAX INC COM 143130102 24,581 806,470 SH Sole NONE 806,470
DIAMOND HILL INVESTMENT GROU COM NEW 25264R207 6,111 82,600 SH Sole NONE 82,600
DOLLAR TREE INC COM 256746108 60,961 733,500 SH Sole NONE 733,500
ENSTAR GROUP LIMITED SHS G3075P101 48,281 491,660 SH Sole NONE 491,660
EXXON MOBIL CORP COM 30231G102 214 2,528 SH Sole NONE 2,528
FACTSET RESH SYS INC COM 303075105 11,346 130,000 SH Sole NONE 130,000
HARTFORD FINL SVCS GROUP INC COM 416515104 9,878 607,900 SH Sole NONE 607,900
LPL INVT HLDGS INC COM 50213H100 9,162 300,000 SH Sole NONE 300,000
LAMAR ADVERTISING CO CL A 512815101 35,252 1,281,887 SH Sole NONE 1,281,887
MARKEL CORP COM 570535104 56,099 135,285 SH Sole NONE 135,285
MASTERCARD INC CL A 57636Q104 71,446 191,636 SH Sole NONE 191,636
O REILLY AUTOMOTIVE INC NEW COM 67103H107 44,001 550,361 SH Sole NONE 550,361
PENN NATL GAMING INC COM 707569109 10,639 279,465 SH Sole NONE 279,465
PRIMO WTR CORP COM 74165N105 1,449 476,500 SH Sole NONE 476,500
ROSS STORES INC COM 778296103 71,326 1,500,662 SH Sole NONE 1,500,662
PRICE T ROWE GROUP INC COM 74144T108 1,868 32,800 SH Sole NONE 32,800
TD AMERITRADE HLDG CORP COM 87236Y108 21,127 1,350,000 SH Sole NONE 1,350,000
TJX COS INC NEW COM 872540109 17,155 265,760 SH Sole NONE 265,760
TECHNE CORP COM 878377100 3,413 50,000 SH Sole NONE 50,000
WHITE RIVER CAPITAL INC COM 96445P105 1,889 93,273 SH Sole NONE 93,273
ANNALY CAP MGMT INC COM 035710409 3,321 208,109 SH Sole NONE 208,109
ENTERPRISE PRODS PARTNERS L COM 293792107 613 13,207 SH Sole NONE 13,207
ENTERTAINMENT PPTYS TR COM SH BEN INT 29380T105 230 5,265 SH Sole NONE 5,265
HARTFORD FINL SVCS GROUP INC DEP CONV PFD 416515708 13,990 744,952 SH Sole NONE 744,952
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059L102 458 13,770 SH Sole NONE 13,770