Akre Capital Management, LLC 13F holdings and portfolio analysis
Sign in to clone a new branch from the selected plan, then continue optimizing in the new branch.
Baseline
Analysis messagesPre-generated Q&A about this fund. Use as reference context for your own analysis.
Directly following the baseline exposes an investor to a very concentrated, Financials-heavy large-cap quality portfolio with meaningful single-name risk. In the baseline artifact, the top 5 holdings make up 66.19% and the top 10 96.03%, with Mastercard alone at 21.75% and KKR, Visa, and Moody’s adding another 44.24% combined. Sector weights are led by Financials at 58.42%, then Information Technology at 14.69%, Consumer Discretionary at 13.82%, and Real Estate at 8.77%. The payoff is strong absolute performance—13.71% annualizedReturn and 243.47% totalReturn—but investors also inherit a -35.32% maxDrawdown, 654 trades over the backtest, and totalEstimatedCost of 1.5353, all with 13F-style reporting lag.
The recent baseline periods show that the strategy can add alpha in selective quarters but gives back a lot in weak stretches. Positive examples include 2023-06-30 with optimizedExcess of +2.04, 2024-03-31 with +2.03, 2024-12-31 with +1.51 despite a negative quarter overall, and 2025-09-30 with +1.12. The weak side is more punishing: 2023-12-31 posted -3.12 excess, 2025-03-31 was -5.52, and 2025-06-30 was -12.24 versus SPY, all while turnover stayed elevated at 16.36, 16.8, and 17.99 respectively. Those swings explain why the baseline still earned 13.71% annualizedReturn and positive alpha of 1.21, yet only modest benchmark consistency and a -35.32% maxDrawdown.
Before accepting the baseline, a user should inspect concentration, sector dependence, and implementation frictions. The baseline artifact shows top10 concentration of 96.03%, Financials exposure of 58.42%, and a largest holding weight of 21.75% in Mastercard, so the portfolio outcome is dominated by a handful of names. Users should also check the drawdown path and trading burden: maxDrawdown reached -35.32%, tradeCount totals are high across periods, and turnover spikes such as 21.29 in 2022-12-31 and 20.06 in 2025-09-30 indicate meaningful rebalance activity despite a disclosed-holdings strategy. Finally, review whether the lag risk is acceptable, because the artifact explicitly notes 13F-style reporting delay and 654 trades with totalEstimatedCost of 1.5353.