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) 2,698

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 11.55%
Conglomerates
Consumer Cyclical 4.46%
Consumer/Non-Cyclical
Energy 0.06%
Financial 37.62%
Healthcare
Services 37.99%
Technology 4.65%
Transportation 0.05%
Utilities 1.69%

40 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
DISCOVERY COMMUNICATNS NEW COM SER C 29,100 New 400,000
MONRO MUFFLER BRAKE INC COM 26,985 New 500,000
DANAHER CORP DEL COM 20,398 20,398 New 280,000
DIAMOND HILL INVESTMENT GROUP COM NEW 17,464 New 145,500
FACTSET RESH SYS INC COM 13,750 New 130,000
BERKSHIRE HATHAWAY INC DEL CL A 11,248 New 59
HARTFORD FINL SVCS GROUP INC COM 11,062 -25 (0.23) 319,074
PRIMO WTR CORP COM 6,336 New 1,600,000
BANK OF AMERICA CORPORATION WT EXP 011619 5,565 New 700,000
LIBERTY INTERACTIVE CORP LBT VENT COM A 5,518 5,518 New 90,000
CARMAX INC COM 4,444 4,444 New 100,000
ANSYS INC COM 3,791 New 50,000
LAMAR ADVERTISING CO CL A 3,488 3,488 New 67,100
TRANSDIGM GROUP INC COM 1,810 New 10,000
CSX CORP COM 1,405 -32 (2.24) 49,917
WILLIAMS COS INC DEL COM 820 New 19,610
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 806 -1,173 (59.28) 23,580
ANNALY CAP MGMT INC COM 578 26 4.69 51,384
ARLINGTON ASSET INVT CORP CL A NEW 259 259 New 10,000
NUSTAR ENERGY LP UNIT COM -56,115 Sold Out 0