American Tower Corp (NYSE:AMT), Moody’s Corporation (NYSE:MCO), Markel Corporation (NYSE:MKL) are among the top three stock holdings of Akre Capital Management, as per its recent SEC 13F filing. It has current portfolio of $3.52 billion with its primary investments in service, finance, and technology sector. Investors who want to benefit from hedge fund holdings can follow insidermonkey’s strategies. You can find our recent Insider Monkey Reviews article from this link.
American Tower Corp (NYSE:AMT) is the largest stock investment of Akre Capital Management, which owns 4,017,371 shares of the company at current market value of $376 million. American Tower Corp (NYSE:AMT) announced consolidated revenues of $1.03 billion for its third quarter 2014 along with adjusted EBITDA of $666 million. Some of the primary investors of American Tower Corp (NYSE:AMT) include Akre Capital Management, Farallon Capital, and Senator Investment Group. (Click here to see all the investors of American Tower Corp at the end of third quarter 2014)
Akre Capital Management has its second largest investment in Moody’s Corporation (NYSE:MCO) with 3,480,545 shares of the company at current market value of $328 million. Moody’s Corporation (NYSE:MCO) reported revenues of $816.1 million for its third quarter 2014 along with GAAP EPS of $1.00 and net income of $215.2 million attributed to the company. Berkshire Hathaway, Childrens Investment Fund, and Akre Capital Management are the three primary investors of Moody’s Corporation (NYSE:MCO). The shares of Moody’s Corp are trading at $93.31 with current P/E ratio of 21.07.
Markel Corporation (NYSE:MKL) comes at number three in the investment portfolio of Akre Capital Management, which owns 508,844 shares of the company at current market price of $323 million. Markel Corporation (NYSE:MKL) reported net operating revenues of $1.29 billion in its third quarter 2014 and net income of $75.8 million attributed to its shareholders. Akre Capital Management, Select Equity Group, and Royce & Associates are the top three investors of Markel Corporation (NYSE:MKL). The shares of Markel Corporation are trading at $693.31 with current P/E ratio of 32.78.
This article has been written by Prakash Pandey.