Latest Transactions of Chuck Akre Q4 2024

Highlights

Biggest Buys

1. CoStar Group Inc. (CSGP) Akre Capital Management increased its position in CoStar Group by 4.25%, adding 379,787 shares at an average purchase price of $56.50 per share. CoStar Group is a leading provider of commercial real estate information, analytics, and online marketplaces. Despite fluctuations in the real estate market throughout 2024, Akre sees long-term potential in the company's data-driven business model and market leadership position.

Biggest Sells

1. CarMax Inc. (KMX) Akre significantly reduced its stake in CarMax by 48.55%, selling 629,714 shares at an average selling price of $80 per share. CarMax is one of the largest used-car retailers in the United States. This substantial reduction suggests a reassessment of the company's growth prospects amid changing consumer behaviors and the evolving automotive retail landscape.

2. DigitalBridge Group Inc. (DBRG) Akre decreased its position in DigitalBridge Group by 41.85%, selling 550,346 shares at an average selling price of $13 per share. DigitalBridge is a global digital infrastructure investment firm. This significant reduction may reflect concerns about the company's performance or strategic shifts in Akre's portfolio allocation strategy.

3. KKR & Co. L.P. (KKR) Akre reduced its stake in KKR by 9.74%, selling 110,272 shares at an average selling price of $148 per share. KKR is a leading global investment firm managing multiple alternative asset classes. Despite the reduction, KKR remains an important holding in Akre's portfolio.

4. American Tower Corp. (AMT) Akre trimmed its position in American Tower by 9.07%, selling 549,119 shares at an average selling price of $203 per share. American Tower is one of the largest global REITs and a leading independent owner, operator, and developer of multitenant communications real estate.

5. Moody's Corp. (MCO) Akre reduced its stake in Moody's by 8.44%, selling 283,953 shares at an average selling price of $474 per share. Moody's is a global integrated risk assessment firm that empowers organizations to make better decisions.

These transactions highlight Akre Capital Management's strategic portfolio adjustments in Q4 2024, with a focused increase in the commercial real estate information sector through CoStar Group, while significantly reducing exposure to used-car retail and digital infrastructure. The firm also made moderate reductions in its positions across investment management, communication real estate, and financial services sectors, potentially indicating a rebalancing strategy or profit-taking in these areas.

All Transactions

The information is provided for educational purposes only and does not constitute financial advice or recommendation and should not be considered as such. Do your own research.