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
BERKSHIRE HATHAWAY INC DEL CL A 11,248 New 59
LAMAR ADVERTISING CO CL A 3,488 3,488 New 67,100
MASTERCARD INC CL A 293,898 -89 (0.03) 3,964,630
VERISK ANALYTICS INC CL A 46,080 New 800,000
ARLINGTON ASSET INVT CORP CL A NEW 259 259 New 10,000
BERKSHIRE HATHAWAY INC DEL CL B NEW 38,541 5 .01 303,041
AMERICAN TOWER CORP NEW COM 274,925 41,130 17.59 3,326,376
ANNALY CAP MGMT INC COM 578 26 4.69 51,384
ANSYS INC COM 3,791 New 50,000
APPLE INC COM 47,785 13 .03 91,029
CARMAX INC COM 4,444 4,444 New 100,000
COLFAX CORP COM 303,426 22,350 7.95 4,224,220
CSX CORP COM 1,405 -32 (2.24) 49,917
DANAHER CORP DEL COM 20,398 20,398 New 280,000
DIRECTV COM 37,820 -90,768 (70.59) 500,000
DOLLAR TREE INC COM 149,346 25,515 20.61 2,923,188
FACTSET RESH SYS INC COM 13,750 New 130,000
HARTFORD FINL SVCS GROUP INC COM 11,062 -25 (0.23) 319,074
LEUCADIA NATL CORP COM 52,160 New 2,000,000
LIVE NATION ENTERTAINMENT INC COM 93,810 26,925 40.26 4,558,300