13F-HR 1 d1350059a_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for the Calendar Year or Quarter Ended: March 31, 2013 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: Akre Capital Management, LLC Address: 2 West Marshall Street P.O. Box 998 Middleburg, Virginia 20118 13F File Number: 028-06599 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Charles T. Akre Title: Managing Member Phone: (540) 687-8928 Signature, Place and Date of Signing: /s/ Charles T. Akre Middleburg, VA May 15, 2013 ------------------------- -------------------------- -------------------- [Signature] [City, State] [Date] Report Type: (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting managers(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: None Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 37 Form 13F Information Table Value Total: $1,776,306 (x1000) Information with respect to which the Institutional Investment Manager is requesting confidential treatment has been omitted and filed separately with the Securities and Exchange Commission. List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name --- --------------------- ----- 1. 028-13109 Braddock Partners, LP FORM 13F INFORMATION TABLE

COL 1 COL 2 COL 3 COL 4 COL 5 COL 6 COL 7 COL 8 TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MNGRS SOLE SHARED NONE -------------- --------- ------ -------- ------- --- ---- ---------- ------ ----- ------ ---- America Movil/amx SPON ADR L 02364W105 11,528 550,000 SH SOLE 550,000 American Tower/amt CL A 03027X100 129,970 1,689,673 SH SOLE 1,689,673 Apple Inc/aapl COM 037833100 38,558 87,106 SH SOLE 87,106 Bank of America/bac COM 060505104 9,744 800,000 SH SOLE 800,000 Berks-Hath B/brk.b CL B NEW 084670702 32,048 307,561 SH SOLE 307,561 Berksh-Hath A/brk.a COM 084670108 7,658 59 SH SOLE 59 CSX Corporation/csx COM 126408103 1,258 51,061 SH SOLE 51,061 Colfax Corp/cfx COM 194014106 75,271 1,617,330 SH SOLE 1,617,330 Crimson Wine/cwgl COM 22662X100 1,441 155,000 SH SOLE 155,000 Diamond Hill/dhil COM NEW 25264R207 11,321 145,500 SH SOLE 145,500 DirecTv/dtv COM 25490A101 90,544 1,600,000 SH SOLE 1,600,000 Dollar Tree/dltr COM 256746108 120,052 2,478,884 SH SOLE 2,478,884 Enstar/esgr SHS G3075P101 62,560 503,341 SH SOLE 503,341 FactSet/fds COM 303075105 12,038 130,000 SH SOLE 130,000 Hartford/hig COM 416515104 35,248 1,366,200 SH SOLE 1,366,200 LPL Financial/lpla COM 50213H100 54,808 1,700,000 SH SOLE 1,700,000 Lamar Advertising/lamr CL A 512815101 30,185 621,348 SH SOLE 621,348 Leucadia Nat/luk COM 527288104 54,860 2,000,000 SH SOLE 2,000,000 Markel/mkl COM 570535104 124,248 246,769 SH SOLE 246,769 Mastercard/ma CL A 57636Q104 184,973 341,828 SH SOLE 341,828 Monro Muf-Brake/mnro COM 610236101 19,855 500,000 SH SOLE 500,000 Moodys Corp/mco COM 615369105 135,346 2,538,375 SH SOLE 2,538,375 O Reilly auto/orly COM 67103H107 84,377 823,683 SH SOLE 823,683 Primo Water Corp/prmw COM 74165N105 1,760 1,600,000 SH SOLE 1,600,000 Ross Stores/rost COM 778296103 117,449 1,937,469 SH SOLE 1,937,469 Sears Hldg/shld COM 812350106 14,991 300,000 SH SOLE 300,000 TD Ameritrade/amtd COM 87236Y108 65,137 3,158,900 SH SOLE 3,158,900 TransDigm Group/tdg COM 893641100 1,529 10,000 SH SOLE 10,000 Verisk Analytics/vrsk COM 92345Y106 49,296 800,000 SH SOLE 800,000 Visa/v COM CL A 92826C839 63,254 372,430 SH SOLE 372,430 Annaly Capital/nly COM 035710409 34,933 2,198,409 SH SOLE 2,198,409 Enterprise Products/epd COM 293792107 617 10,232 SH SOLE 10,232 Hartford Financial Pfd. DEP CONV PFD 416515708 17,221 725,097 SH SOLE 725,097 MarkWest Energy/mwe UNIT LTD PARTN 570759100 6,193 101,935 SH SOLE 101,935 NuStar Energy LP/ns UNIT COM 67058H102 56,007 1,050,000 SH SOLE 1,050,000 NuStar GP Holdings/nsh UNIT RESTG LLC 67059L102 7,038 216,560 SH SOLE 216,560 Bank Of America *W EXP 01/16/201 060505146 3,990 700,000 SH SOLE 700,000