AKRE CAPITAL MANAGEMENT LLC — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, AKRE CAPITAL MANAGEMENT LLC initiated 3 new positions, increased allocation to 6 existing positions, trimmed 9 positions, and exited 2 positions entirely. The fund's 13F equity book declined from $9.12B to $6.12B (-33.0% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $9.12BPrior quarter
- $6.12BCurrent quarter
- $-3.00BNet delta
- -33.0%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| SALESFORCE INC | CRM | 2.19% | Holders → |
| SERVICENOW | NOW | 1.87% | Holders → |
| PERIMETER SOLUTIONS INC | PRM | 0.10% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| FAIR ISAAC CORP | FICO | +1.21% | +31.11% | History → |
| CCC INTELLIGENT SOLUTIONS HL | CCC | +0.93% | +26.88% | Holders → |
| GOOSEHEAD INS INC | GSHD | +0.01% | +19.48% | Holders → |
| ROPER TECHNOLOGIES INC | ROP | +1.88% | +13.76% | History → |
| COSTAR GROUP INC | CSGP | +-0.26% | +7.59% | History → |
| COPART, INC. | CPRT | +0.96% | +1.66% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| AMERICAN TOWER CORP | AMT | -0.35% | -80.11% | Holders → |
| O'REILLY AUTOMOTIVE | ORLY | -0.85% | -42.17% | History → |
| AIRBNB INC | ABNB | -0.97% | -41.42% | Holders → |
| VISA INC | V | -2.19% | -38.77% | History → |
| BROOKFIELD CORP | BN | -2.24% | -36.57% | History → |
| MOODYS CORP | MCO | -0.83% | -28.19% | History → |
| MASTERCARD INCORPORATED | MA | -0.17% | -24.10% | History → |
| KKR & CO INC | KKR | -1.17% | -17.12% | History → |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | 0.02% | -13.13% | Holders → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| DANAHER CORP DEL | DHR | 0.17% |
| CARMAX INC | KMX | 0.06% |
Methodology & FAQ
How AKRE CAPITAL MANAGEMENT LLC Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for AKRE CAPITAL MANAGEMENT LLC against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did AKRE CAPITAL MANAGEMENT LLC initiate in Q1 2026?
AKRE CAPITAL MANAGEMENT LLC established 3 new positions in Q1 2026: SALESFORCE INC (CRM, 2.19%), SERVICENOW (NOW, 1.87%), PERIMETER SOLUTIONS INC (PRM, 0.10%).
Which existing positions saw the largest allocation increases for AKRE CAPITAL MANAGEMENT LLC in Q1 2026?
The largest portfolio-weight increases in existing positions were: FAIR ISAAC CORP (FICO, +1.21% weight, +31.11% shares), CCC INTELLIGENT SOLUTIONS HL (CCC, +0.93% weight, +26.88% shares), GOOSEHEAD INS INC (GSHD, +0.01% weight, +19.48% shares), ROPER TECHNOLOGIES INC (ROP, +1.88% weight, +13.76% shares), COSTAR GROUP INC (CSGP, +-0.26% weight, +7.59% shares), COPART, INC. (CPRT, +0.96% weight, +1.66% shares).
Which positions did AKRE CAPITAL MANAGEMENT LLC fully exit in Q1 2026?
AKRE CAPITAL MANAGEMENT LLC fully exited 2 positions in Q1 2026: DANAHER CORP DEL (DHR, last-reported weight 0.17%), CARMAX INC (KMX, last-reported weight 0.06%).
Which existing positions saw the largest allocation reductions for AKRE CAPITAL MANAGEMENT LLC in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: AMERICAN TOWER CORP (AMT, -0.35% weight, -80.11% shares), O'REILLY AUTOMOTIVE (ORLY, -0.85% weight, -42.17% shares), AIRBNB INC (ABNB, -0.97% weight, -41.42% shares), VISA INC (V, -2.19% weight, -38.77% shares), BROOKFIELD CORP (BN, -2.24% weight, -36.57% shares), MOODYS CORP (MCO, -0.83% weight, -28.19% shares), MASTERCARD INCORPORATED (MA, -0.17% weight, -24.10% shares), KKR & CO INC (KKR, -1.17% weight, -17.12% shares), BERKSHIRE HATHAWAY INC DEL (BRK/B, 0.02% weight, -13.13% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.