AKRE CAPITAL MANAGEMENT LLC Information

2 WEST MARSHALL STREET, MIDDLEBURG, Virginia, 20117, (540) 687-3880

Report Date: 12/31/2013

Position Statistics

Total Positions 40
New Positions 5
Increased Positions 17
Decreased Positions 8
Positions with Activity 25
Sold Out Positions 1
Total Mkt Value (in $ millions) 2,730

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 1.93%
Capital Goods 11.75%
Conglomerates
Consumer Cyclical 4.45%
Consumer/Non-Cyclical
Energy 0.06%
Financial 37.41%
Healthcare
Services 38.03%
Technology 4.64%
Transportation 0.05%
Utilities 1.68%

17 INCREASED Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
COLFAX CORP COM 311,325 22,931 7.95 4,224,220
AMERICAN TOWER CORP NEW COM 279,183 41,767 17.59 3,326,376
MARKEL CORP COM 234,103 19,526 9.10 380,717
DOLLAR TREE INC COM 150,135 25,650 20.61 2,923,188
ROSS STORES INC COM 125,165 19,265 18.19 1,812,143
LIVE NATION ENTERTAINMENT INC COM 97,365 27,945 40.26 4,558,300
LPL FINL HLDGS INC COM 84,532 739 .88 1,715,000
APPLE INC COM 48,400 13 .03 91,029
MARKWEST ENERGY PARTNERS L P UNIT LTD PARTN 45,934 26,064 131.18 704,935
EQUINIX INC COM NEW 40,123 18,013 81.47 222,300
BERKSHIRE HATHAWAY INC DEL CL B NEW 38,532 5 .01 303,041
DANAHER CORP DEL COM 20,594 20,594 New 280,000
LIBERTY INTERACTIVE CORP LBT VENT COM A 5,453 5,453 New 90,000
CARMAX INC COM 4,351 4,351 New 100,000
LAMAR ADVERTISING CO CL A 3,493 3,493 New 67,100
ANNALY CAP MGMT INC COM 586 26 4.69 51,384
ARLINGTON ASSET INVT CORP CL A NEW 259 259 New 10,000