American Tower Corp Sees Significant Reduction in Akre Capital Management's Portfolio

GuruFocus News

Tue, May 13, 2025, 2:02 PM 2 min read

Akre Capital Management (Trades, Portfolio) precocious submitted its 13F filing for the archetypal 4th of 2025, revealing strategical concern adjustments. Founded successful 1989, Akre Capital Management (Trades, Portfolio), LLC, is an plus absorption steadfast based successful Middleburg, Virginia. The steadfast manages backstage funds, the Akre Focus Fund, and separately managed relationship assets. John Neff, CEO and CIO, has been astatine the helm of the Akre Focus Fund since 2014. With a inheritance successful equity probe and a beardown acquisition foundation, Neff leads the steadfast with a absorption connected investing successful bonzer businesses with talented management. Akre Capital Management (Trades, Portfolio)'s concern philosophy, known arsenic the "three-legged stool," aims to compound investors' superior astatine above-average rates portion minimizing risk. Neff collaborates with Andrew Millette and Trey Tickner connected concern decisions.

Akre Capital Management (Trades, Portfolio) accrued its stakes successful 3 stocks during the quarter. The astir notable summation was successful Airbnb Inc (NASDAQ:ABNB), with an further 268,335 shares, bringing the full to 2,917,733 shares. This accommodation represents a important 10.13% summation successful stock count, impacting the portfolio by 0.31%, with a full worth of $348,552,380. The 2nd largest summation was successful CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS), with an further 2,508,986 shares, bringing the full to 13,190,384. This accommodation represents a 23.49% summation successful stock count, with a full worth of $119,109,170.

Akre Capital Management (Trades, Portfolio) reduced its presumption successful 11 stocks, with the astir important changes including:

• American Tower Corp (NYSE:AMT) was reduced by 2,914,221 shares, resulting successful a -52.95% alteration successful shares and a -4.62% interaction connected the portfolio. The banal traded astatine an mean terms of $196.17 during the 4th and has returned 8.53% implicit the past 3 months and 12.42% year-to-date.

• Moody's Corp (NYSE:MCO) was reduced by 643,469 shares, resulting successful a -20.9% simplification successful shares and a -2.64% interaction connected the portfolio. The banal traded astatine an mean terms of $481.85 during the 4th and has returned -7.40% implicit the past 3 months and 3.18% year-to-date.

As of the archetypal 4th of 2025, Akre Capital Management (Trades, Portfolio)'s portfolio included 18 stocks. The apical holdings were 17.56% successful Mastercard Inc (NYSE:MA), 11.9% successful O'Reilly Automotive Inc (NASDAQ:ORLY), 10.9% successful Moody's Corp (NYSE:MCO), 10.7% successful Visa Inc (NYSE:V), and 9.83% successful KKR & Co Inc (NYSE:KKR). The holdings are chiefly concentrated successful six of the 11 industries: Financial Services, Consumer Cyclical, Real Estate, Technology, Healthcare, and Industrials.