Akre Capital Management Letters & Research Archive

Akre Capital Management is a quality-growth firm founded by Chuck Akre in 1989 in Middleburg, Virginia, famous for its "three-legged stool" framework — extraordinary business models, shareholder-minded management, and long reinvestment runways. It holds compounding machines like Mastercard and American Tower for years; its quarterly commentaries are plain-spoken and widely read.

3 pieces · 2026–2026 · updated every Monday

2026

09-30Akre Focus ETF Q3 2026 Quarterly CommentaryThis report says Akre Focus Fund's holdings have strong fundamentals but trade at decade-low valuations because the market is obsessed with AI stocks. The manager sees this disconnect as an opportunit…→07-15Akre Focus ETF Quarterly CommentaryThis quarterly commentary explains why the Akre Focus Fund trailed the S&P 500 badly (up only 0.66% vs 15.20% in Q2) but argues its holdings are in the strongest fundamental shape in a decade. The man…→03-31Akre Focus ETF Q1 2026 Quarterly CommentaryThis report explains why the Akre Focus ETF fell 19.4% in early 2026 while the stock market dropped only 4.3%. The manager says the companies in the fund are still doing well—profits are growing—but i…→