AKRE CAPITAL MANAGEMENT LLC Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 39
New Positions 0
Increased Positions 11
Decreased Positions 11
Positions with Activity 22
Sold Out Positions 3
Total Mkt Value (in $ millions) 3,941

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

Sector Weighting

Basic Materials 0%
Capital Goods 8%
Conglomerates
Consumer Cyclical 4.34%
Consumer/Non-Cyclical
Energy 0.05%
Financial 33.77%
Healthcare
Services 43.85%
Technology 9.94%
Transportation 0.04%
Utilities 0.01%

39 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
APPLE INC COM -83,118 Sold Out 0
LEUCADIA NATL CORP COM -2,365 Sold Out 0
TRANSDIGM GROUP INC COM -2,216 Sold Out 0
HARTFORD FINL SVCS GROUP INC COM 2,081 -10,466 (83.42) 50,761
ANNALY CAP MGMT INC COM 212 -317 (59.95) 20,044
DANAHER CORP DEL COM 131,715 -35,124 (21.05) 1,500,000
BERKSHIRE HATHAWAY INC DEL CL A 11,335 -222 (1.92) 51
BERKSHIRE HATHAWAY INC DEL CL B NEW 44,973 -742 (1.62) 303,175
MASTERCARD INC CL A 389,376 -594 (0.15) 4,266,670
O REILLY AUTOMOTIVE INC NEW COM 170,965 -190 (0.11) 816,688
AMERICAN TOWER CORP NEW COM 397,209 -29 (0.01) 4,017,081
AMERICAN TOWER CORP NEW PFD CONV SER A 10,524 New 100,000
ANSYS INC COM 8,585 New 100,300
ARLINGTON ASSET INVT CORP CL A NEW 252 New 10,000
BANK AMER CORP WT EXP 011619 4,171 New 700,000
CROWN CASTLE INTL CORP NEW CNV PFD STK SR A 2,123 New 20,000
CSX CORP COM 1,472 New 42,899
DIAMOND HILL INVESTMENT GROUP COM NEW 20,350 New 145,500
LAMAR ADVERTISING CO NEW CL A 3,961 New 67,100
LIVE NATION ENTERTAINMENT INC COM 164,148 New 6,350,000