Akre Capital Management Reduces Stake in American Tower Corp Amid Portfolio Shifts

Akre Capital Management's latest 13F filing reveals significant changes in its portfolio, including the addition of Copart Inc and Fair Isaac Corp, and increases in stakes in Airbnb Inc and CCC Intelligent Solutions Holdings Inc. The firm also exited its position in DigitalBridge Group Inc. These moves reflect Akre's focus on investing in extraordinary businesses with talented and honest managers who wisely reinvest free cash flow.

Akre Capital Management's latest 13F filing, released on August 14, 2025, reveals significant changes in its portfolio, highlighting the firm's continued commitment to investing in extraordinary businesses with talented and honest management teams. The firm added new positions in Copart Inc (CPRT) and Fair Isaac Corp (FICO), increased stakes in Airbnb Inc (ABNB) and CCC Intelligent Solutions Holdings Inc (CCCS), and exited its position in DigitalBridge Group Inc (DBRG).

New Positions

- Copart Inc (CPRT): Akre initiated a substantial position in Copart, taking a 1.2 million share stake valued at $58.9 billion. The company demonstrated robust financial performance in its most recent quarter, delivering $1.16 billion in revenue with a strong 14.0% year-over-year growth rate and net income of $387.4 million. Copart's diversified revenue streams showed resilience with international fee units growing 11% and global average selling prices increasing 2%, positioning the company well in the vehicle auction and salvage marketplace [1].

- Fair Isaac Corp (FICO): Akre also initiated a position in Fair Isaac, buying 9,148 shares worth $16.7 billion. The company reported strong financial performance in Q2 2025, delivering $7.81 non-GAAP EPS and $499 million in revenue, representing 27.2% and 15% year-over-year growth respectively. Despite concerns about increased debt levels and reduced free cash flow, shares have gained 5.4% over the past month [1].

Key Position Increases

- Airbnb Inc (ABNB): Akre increased its stake in Airbnb by over 19.04% to 3,473,243 shares, valued at $459,648,980. This adjustment represents a significant increase in share count and portfolio impact [1].

- CCC Intelligent Solutions Holdings Inc (CCCS): Akre also increased its stake in CCC Intelligent Solutions by 11.98% to 14,770,128 shares, valued at $138.99 billion. This adjustment represents a significant increase in share count and portfolio impact [1].

Exited Position

- DigitalBridge Group Inc (DBRG): Akre completely liquidated its position in DigitalBridge Group, which was under scrutiny for the fairness of a $5.20 per share sale to DigitalBridge Group and Crestview Partners. Wohl & Fruchter LLP is investigating the fairness of the sale, given that Crestview, the largest shareholder, will roll over its equity while public shareholders will receive the cash offer [2].

These moves reflect Akre's focus on investing in businesses with superior returns on capital, talented management teams, and the ability to reinvest free cash flow at high rates of return. The firm's disciplined strategy of long-term ownership of compounding machines has enabled it to deliver market-beating returns over multiple decades.

References

[1] https://www.danielscrivner.com/chuck-akre-trades-and-holdings-q2-2025/
[2] https://www.ainvest.com/news/wohl-fruchter-llp-investigates-fairness-wideopenwest-sale-digitalbridge-group-crestview-partners-2508/