AKRE CAPITAL MANAGEMENT LLC Information

210 EAST FEDERAL STREET, MIDDLEBURG, Virginia, 20117, (540) 687-3880

Report Date: 12/31/2015

Position Statistics

Total Positions 36
New Positions 1
Increased Positions 13
Decreased Positions 8
Positions with Activity 21
Sold Out Positions 2
Total Mkt Value (in $ millions) 4,642

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

Sector Weighting

Basic Materials
Capital Goods 5.53%
Conglomerates
Consumer Cyclical 6.88%
Consumer/Non-Cyclical
Energy
Financial 36%
Healthcare
Services 40.63%
Technology 10.5%
Transportation 0.02%
Utilities

36 Positions as of 12/31/2015

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
BERKSHIRE HATHAWAY INC DEL CL A 11,388 -219 (1.89) 52
LAMAR ADVERTISING CO NEW CL A 3,412 New 55,000
MASTERCARD INC CL A 456,729 378 .08 4,709,033
ARLINGTON ASSET INVT CORP CL A NEW 129 New 10,000
BERKSHIRE HATHAWAY INC DEL CL B NEW 56,162 -3,632 (6.07) 386,043
CROWN CASTLE INTL CORP NEW CNV PFD STK SR A 2,118 New 20,000
ALARM COM HLDGS INC COM 9,124 New 400,000
AMERICAN TOWER CORP NEW COM 661,690 579 .09 6,309,016
ANSYS INC COM 9,104 New 100,300
CARMAX INC COM 180,949 34,084 23.21 3,417,359
COLFAX CORP COM 238,228 10,189 4.47 7,345,908
CSX CORP COM 1,110 New 40,695
DANAHER CORP DEL COM 145,125 New 1,500,000
DOLLAR TREE INC COM 333,539 2,884 .87 4,184,400
LIVE NATION ENTERTAINMENT INC COM -134,468 Sold Out 0
LKQ CORP COM 101,698 19,169 23.23 3,173,100
LPL FINL HLDGS INC COM -19,813 Sold Out 0
MARKEL CORP COM 463,453 138 .03 515,457
MONRO MUFFLER BRAKE INC COM 104,379 New 1,507,930
MOODYS CORP COM 350,282 5,152 1.49 3,659,439