Below is a spreadsheet that highlights the changes to Charles Akre's
Akre Capital Management US long stock portfolio as of Q4 2012. Please check out our previous update to have an idea on how the portfolio is progressing:
There were a large number of incremental changes this quarter. Only one position was eliminated - a 1% position in Carmax (KMX). That position was trimmed by around 30% last quarter and was eliminated this quarter. Colfax (CFX) was a substantially large stake increase this quarter as the position was increased from a very small 0.60% position to a fairly large 3.85% position at prices between $33.50 and $40. The stock currently trades at around $42, just outside the range of Akre's most recent purchase. Dollar Tree (DLTR), Moody's (MCO), and Annaly Capital (NLY) are other positions that saw significant stake increases. All three are trading close to the low end of the price range Akre increased the stakes at and as such they are good candidates for further research for investors attempting to follow Akre.
There were a large number of incremental changes this quarter. Only one position was eliminated - a 1% position in Carmax (KMX). That position was trimmed by around 30% last quarter and was eliminated this quarter. Colfax (CFX) was a substantially large stake increase this quarter as the position was increased from a very small 0.60% position to a fairly large 3.85% position at prices between $33.50 and $40. The stock currently trades at around $42, just outside the range of Akre's most recent purchase. Dollar Tree (DLTR), Moody's (MCO), and Annaly Capital (NLY) are other positions that saw significant stake increases. All three are trading close to the low end of the price range Akre increased the stakes at and as such they are good candidates for further research for investors attempting to follow Akre.
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