Akre Capital Buys Danaher, Liberty Interactive; Sells NuStar Energy

Chuck AkreImage source: YouTube

Akre Capital filed its 13F statement as of December 31, 2013 with the Securities and Exchange Commission. The regulatory filings reveal the investment advisor has a market value of $2,700,615,000. Its top 10 holdings represent a substantial 73.13% of its portfolio. Akre added 5 new stocks to its portfolio, increased stakes in 12 stocks, exited 1 stock and reduced holdings in 7 stocks.

Akre’s major new positions

Akre Capital acquired 280,000 shares of Danaher Corporation (NYSE:DHR) for $21.61 million, representing 0.80% of its overall portfolio. Liberty Interactive (Interactive group) (NASDAQ:LINTA) was the other new addition, of which Akre Capital purchased 45,000 shares valued at $5.51 million.

The wholesaler of used vehicles, CarMax, Inc (NYSE:KMX) was another new addition of Akre Capital. The investment advisor purchased 100,000 shares of CarMax valued at $4.70 million constituting 0.17% of its overall portfolio. Akre also purchased 67,100 shares of Lamar Advertising Co (NASDAQ:LAMR) during the quarter valued at $3.50 million representing 0.13% of its portfolio.

Arlington Asset Investment Corp (NYSE:AI), which is specialized in acquiring mortgage-related and other assets is the fifth major new addition for Akre during the quarter. Akre acquired 10,000 shares of Arlington for $0.26 million representing 0.01% of its overall portfolio.

Top positions

Mastercard Inc (NYSE:MA) was the biggest position of Akre Capital as of December 31, 2013. The investment advisor owns 396,463 shares that are currently valued at $331.22 million representing a substantial 12.26% of its overall portfolio.

The second largest holding was Moody’s Corporation (NYSE:MCO) of which Akre Capital owns 3,480,950 shares that are currently valued at $273.15 million representing 10.11% of its total portfolio. The investment advisor’s third largest holding was Colfax Corporation in which it owns 4,224,220 shares valued at $269.04 million, constituting 9.96% of its overall portfolio.

American Tower Corp (NYSE:AMT) was the fourth largest holding of Akre Capital. The investment advisor owns 3,326,376 shares that are currently valued at $265.51 million, representing 9.83% of its overall portfolio. Akre’s fifth largest holding was Markel Corp. where it owns 380,717 shares that are currently valued at $220.94 million representing 8.18% of its total portfolio. The investment manager added 31,754 shares of Markel Corp during the quarter.

Sold out positions

Akre Capital sold out its entire holding in the petroleum products storage and terminalling company NuStar Energy L.P. (NYSE:NS). The investment advisor had 1,018,427 shares of NuStar that represented 1.74% of its total portfolio in the previous quarter.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Be the first to comment on "Akre Capital Buys Danaher, Liberty Interactive; Sells NuStar Energy"

Leave a comment

Your email address will not be published.