Latest news with #AkreCapitalManagement
Yahoo
2 days ago
- Business
- Yahoo
Akre Capital Seeks $12.2B Mutual Fund to ETF Conversion
The investment fund space is poised to see another mutual fund-to-ETF conversion—a growing trend as more asset managers look to take advantage of the structural benefits of funds that trade more like stocks. On Thursday, Akre Capital Management announced that it had proposed the conversion of its Akre Focus Fund to the actively managed Akre Focus ETF (AKRE). If approved by shareholders, the conversion is expected to take place in the fall of 2025, according to a press release. The AKRE Focus fund, which was launched in 2009 and has approximately $12.2 billion in net assets as of May 31, seeks to achieve long-term capital appreciation by selecting companies based on factors related to their business, management and reinvestment. The proposed conversion is expected to provide shareholders with enhanced tax efficiency, increased transparency and lower costs, according to the press release. The fund's prospectus shows that the current expense ratios range from 0.98% to 1.32% depending on share class and that the ETF's proposed unitary fee is 0.98%. In March, Akre Capital applied for an exemption that would allow its mutual fund to offer an ETF share class, but it is no longer pursuing that option. 'In our effort to deliver the significant benefits of the ETF structure to our mutual fund shareholders, we evaluated three options: launching a standalone ETF (clone), converting the mutual fund to an ETF and introducing an ETF share class within the mutual fund,' John Neff, CEO and CIO at Akre Capital explained to in an emailed statement. The firm determined that converting the mutual fund to an ETF would be in the best interest of its shareholders. 'This conversion represents an upgrade to a superior structure,' Neff added. 'In contrast, launching a standalone ETF would offer no benefit to existing shareholders, while introducing an ETF share class could create unnecessary confusion for investors and platforms.' Akre isn't alone in trying to take advantage of the tax advantages, lower expense ratios and intraday tradability ETFs have over their mutual fund counterparts. CFRA Research reports that last year, mutual funds (excluding money market funds) experienced $579 billion worth of net outflows, while $1.1 trillion moved into ETFs. Just last month, the world's largest asset manager, BlackRock, filed with the Securities and Exchange Commission to convert the BlackRock GA Disciplined Volatility Equity Fund (BIDVX) and BlackRock GA Dynamic Equity Fund (BIEEX) to | © Copyright 2025 All rights reserved
Yahoo
13-05-2025
- Business
- Yahoo
American Tower Corp Sees Significant Reduction in Akre Capital Management's Portfolio
Akre Capital Management (Trades, Portfolio) recently submitted its 13F filing for the first quarter of 2025, revealing strategic investment adjustments. Founded in 1989, Akre Capital Management (Trades, Portfolio), LLC, is an asset management firm based in Middleburg, Virginia. The firm manages private funds, the Akre Focus Fund, and separately managed account assets. John Neff, CEO and CIO, has been at the helm of the Akre Focus Fund since 2014. With a background in equity research and a strong educational foundation, Neff leads the firm with a focus on investing in extraordinary businesses with talented management. Akre Capital Management (Trades, Portfolio)'s investment philosophy, known as the "three-legged stool," aims to compound investors' capital at above-average rates while minimizing risk. Neff collaborates with Andrew Millette and Trey Tickner on investment decisions. Akre Capital Management (Trades, Portfolio) increased its stakes in three stocks during the quarter. The most notable increase was in Airbnb Inc (NASDAQ:ABNB), with an additional 268,335 shares, bringing the total to 2,917,733 shares. This adjustment represents a significant 10.13% increase in share count, impacting the portfolio by 0.31%, with a total value of $348,552,380. The second largest increase was in CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS), with an additional 2,508,986 shares, bringing the total to 13,190,384. This adjustment represents a 23.49% increase in share count, with a total value of $119,109,170. Akre Capital Management (Trades, Portfolio) reduced its position in 11 stocks, with the most significant changes including: American Tower Corp (NYSE:AMT) was reduced by 2,914,221 shares, resulting in a -52.95% decrease in shares and a -4.62% impact on the portfolio. The stock traded at an average price of $196.17 during the quarter and has returned 8.53% over the past 3 months and 12.42% year-to-date. Moody's Corp (NYSE:MCO) was reduced by 643,469 shares, resulting in a -20.9% reduction in shares and a -2.64% impact on the portfolio. The stock traded at an average price of $481.85 during the quarter and has returned -7.40% over the past 3 months and 3.18% year-to-date. As of the first quarter of 2025, Akre Capital Management (Trades, Portfolio)'s portfolio included 18 stocks. The top holdings were 17.56% in Mastercard Inc (NYSE:MA), 11.9% in O'Reilly Automotive Inc (NASDAQ:ORLY), 10.9% in Moody's Corp (NYSE:MCO), 10.7% in Visa Inc (NYSE:V), and 9.83% in KKR & Co Inc (NYSE:KKR). The holdings are primarily concentrated in six of the 11 industries: Financial Services, Consumer Cyclical, Real Estate, Technology, Healthcare, and Industrials. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
03-05-2025
- Business
- Yahoo
Brookfield Corporation (BN): Among Charles Akre's and John Neff's Stock Picks With Huge Upside Potential
We recently published an article titled . In this article, we are going to take a look at where Brookfield Corporation (NYSE:BN) stands against the other stocks with huge upside potential according to Charles Akre and John Neff. The current market environment of the U.S. has volatility as its new norm, and prudent investors are seeking refuge in the guidance of seasoned experts. Among these experts is Charles Akre, the founder of Akre Capital Management. Charles Akre has curated a list of stocks poised for notable appreciation using his disciplined investment approach. He stepped away from PM role in 2020, however, even today Akre Capital's 9 of the top 10 stock holdings were initiated before 2020. Only one of the top 10 stocks was picked by John Neff who is in charge of portfolio management at Akre Capital. Today, we will be looking at 10 of the stocks picked by Charles Akre and John Neff, but we will also take a look at their upside potential. Before we dive into our picks, it is necessary to understand the market context that makes these stocks more attractive. READ ALSO: and . The performance of the market indices in the recent week suggests renewed investor confidence in equities. As per a report by the Wall Street Journal, this performance reflects optimism despite the economic data releases and corporate earnings reports showing adverse growth. Such market movements stress the significance of adopting a strategy when selecting a stock. The most often used and favored strategy involves letting yourself be guided by experienced investors like Akre. The forefront of this resurgence is that many growth stocks, including small caps, have outperformed their value counterparts in 2023. It does not undermine the value equities but projects the current preferences of the market for companies with significant growth prospects. Akre Capital's selections are in a perfect position to capitalize on this growing trend. Investors must understand that such outperformance is not just a short-term phenomenon, as historical data indicate that growth stocks have been consistent deliverers of massive returns over a longer period. From 2009 onward, growth stocks have dominated many investors' portfolios, except for a short period in 2022 when interest rate hikes affected their performance. According to CNBC, this long-term trend adds value to the investment strategy of focusing on growth. Additionally, the need to identify high-quality growth stocks is further emphasized with the market gains concentrated on a select group of mega-cap stocks. For instance, the Magnificent Seven has a collective market value of $11.5 trillion. Akre Capital's investment philosophy underpins this principle of making portfolio decisions by considering high-quality growth stocks. In this context, the ten picks we have brought you here from Akre Capital's portfolio are not just random selections but a list that is put together after going through the company's fundamentals and long-term growth potential with a keen eye for details. Akre Capital's approach remarkably aligns with the current market environment, where discerning investors tend to overcome market challenges by strengthening their portfolios using growth-oriented companies. Before we take a look at our top picks, it is imperative for investors to appreciate the strategic considerations that helped us in putting together our list. Our choices are not about merely capitalizing on current market trends. We ensured that our list results from a deep understanding of the factors driving sustainable growth. We compiled our list of Akre Capital's 10 stock picks with huge upside potential by following a few criteria. All the stocks in our list are part of Akre Capital's portfolio. Following this crucial criterion, we looked for stocks with a high percentage holding in the portfolio. This is to ensure that the article covers the top picks from renowned investors. Then, we looked at the upside potential of the stocks since they represent the future appreciation value of the investors' capital. We have used this upside potential to rank our picks as well. All the data in the article was taken from financial databases and analyst reports, with all information updated as of April 26, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A professional working in a modern office surrounded by screens of financial data. A Canadian company, Brookfield Corporation (NYSE:BN) is a global alternative asset manager with over $900 billion in assets under management across real estate, infrastructure, renewable power, private equity, and credit. Through its subsidiaries, the company operates long-term assets in capital-intensive sectors. Blackstone and KKR intensify the market competition. However, Brookfield Corporation (NYSE:BN) uses patient capital, operational expertise, and sustainability-driven strategies to move up in the market. The company's integrated platform allows for cross-sector synergies. Brookfield Corporation (NYSE:BN) commands a notable 9.42% portfolio weight, making the stock a strong pick among Akre Capital's portfolio. Their distributable earnings before realizations in 2024 remain positive, with a 15% increase, reaching $4.9 billion. Brookfield Corporation (NYSE:BN) also experienced significant inflows of over $135 billion, resulting in the company's wealth solutions business becoming a leading annuity writer in the U.S. For 2025, the company expects continued growth in the business as well. Owing to its extensive pipeline of asset sales, the company has an unrealized carried interest of $11.5 billion. It also has approximately $160 billion in deployable capital available for funding new investments. Brookfield Corporation (NYSE:BN) has received a high upside potential estimate of 22.07% from analysts due to its diversified exposure to real estate, infrastructure, and renewable energy, thus making it our number one pick for John Neff's best stock picks. BN is the only stock among Akre Capital's top 10 holdings that wasn't first bought by Charles Akre. Overall BN ranks 1st on our list of Charles Akre's and John Neff's stock picks with huge upside potential. While we acknowledge the potential of BN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BN but trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
03-05-2025
- Business
- Yahoo
Danaher Corporation (DHR): Among Charles Akre's and John Neff's Stock Picks With Huge Upside Potential
We recently published an article titled . In this article, we are going to take a look at where Danaher Corporation (NYSE:DHR) stands against the other stocks with huge upside potential according to Charles Akre and John Neff. The current market environment of the U.S. has volatility as its new norm, and prudent investors are seeking refuge in the guidance of seasoned experts. Among these experts is Charles Akre, the founder of Akre Capital Management. Charles Akre has curated a list of stocks poised for notable appreciation using his disciplined investment approach. He stepped away from PM role in 2020, however, even today Akre Capital's 9 of the top 10 stock holdings were initiated before 2020. Only one of the top 10 stocks was picked by John Neff who is in charge of portfolio management at Akre Capital. Today, we will be looking at 10 of the stocks picked by Charles Akre and John Neff, but we will also take a look at their upside potential. Before we dive into our picks, it is necessary to understand the market context that makes these stocks more attractive. READ ALSO: and . The performance of the market indices in the recent week suggests renewed investor confidence in equities. As per a report by the Wall Street Journal, this performance reflects optimism despite the economic data releases and corporate earnings reports showing adverse growth. Such market movements stress the significance of adopting a strategy when selecting a stock. The most often used and favored strategy involves letting yourself be guided by experienced investors like Akre. The forefront of this resurgence is that many growth stocks, including small caps, have outperformed their value counterparts in 2023. It does not undermine the value equities but projects the current preferences of the market for companies with significant growth prospects. Akre Capital's selections are in a perfect position to capitalize on this growing trend. Investors must understand that such outperformance is not just a short-term phenomenon, as historical data indicate that growth stocks have been consistent deliverers of massive returns over a longer period. From 2009 onward, growth stocks have dominated many investors' portfolios, except for a short period in 2022 when interest rate hikes affected their performance. According to CNBC, this long-term trend adds value to the investment strategy of focusing on growth. Additionally, the need to identify high-quality growth stocks is further emphasized with the market gains concentrated on a select group of mega-cap stocks. For instance, the Magnificent Seven has a collective market value of $11.5 trillion. Akre Capital's investment philosophy underpins this principle of making portfolio decisions by considering high-quality growth stocks. In this context, the ten picks we have brought you here from Akre Capital's portfolio are not just random selections but a list that is put together after going through the company's fundamentals and long-term growth potential with a keen eye for details. Akre Capital's approach remarkably aligns with the current market environment, where discerning investors tend to overcome market challenges by strengthening their portfolios using growth-oriented companies. Before we take a look at our top picks, it is imperative for investors to appreciate the strategic considerations that helped us in putting together our list. Our choices are not about merely capitalizing on current market trends. We ensured that our list results from a deep understanding of the factors driving sustainable growth. We compiled our list of Akre Capital's 10 stock picks with huge upside potential by following a few criteria. All the stocks in our list are part of Akre Capital's portfolio. Following this crucial criterion, we looked for stocks with a high percentage holding in the portfolio. This is to ensure that the article covers the top picks from renowned investors. Then, we looked at the upside potential of the stocks since they represent the future appreciation value of the investors' capital. We have used this upside potential to rank our picks as well. All the data in the article was taken from financial databases and analyst reports, with all information updated as of April 26, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A healthcare professional in a lab coat holding a microscope and looking at a slide under the lens. Washington-based company Danaher Corporation (NYSE:DHR) is a global science and technology innovator. The company delivers solutions in life sciences, diagnostics, and biotechnology. Its portfolio includes Cepheid, Leica Biosystems, and IDT, among others. Employing the Danaher Business System for continuous operational improvement, the company gains an advantage over its peers in the market. Its growth strategy involves mergers and acquisitions. With this strategy and a focus on essential healthcare tools and consumables, the company ensures significant value creation in high-barrier end markets. With the lowest weight of 3.52% in the portfolio, Danaher Corporation (NYSE:DHR) may seem modest, but its inclusion warrants a deeper look into the stock's future potential. Though there is a 1.5% decline in core revenue, the company reported growth that is better than anticipated in areas including the bioprocessing and life sciences instruments businesses. Additionally, the injection of $7 billion into strategic acquisitions and share repurchases has enabled Danaher Corporation (NYSE:DHR) to strengthen its competitive position in the market. With these investments, the company expects a growth in revenue of 3% for the full year of 2025. A 21.74% potential gain puts it among the best of Akre Capital's stock ideas for investors. With such high upside potential, the analysts believe in the company's operational excellence. Overall DHR ranks 2nd on our list of Charles Akre's and John Neff's stock picks with huge upside potential. While we acknowledge the potential of DHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DHR but trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
03-05-2025
- Business
- Yahoo
Roper Technologies, Inc. (ROP): Among Charles Akre's and John Neff's Stock Picks With Huge Upside Potential
We recently published an article titled . In this article, we are going to take a look at where Roper Technologies, Inc. (NASDAQ:ROP) stands against the other stocks with huge upside potential according to Charles Akre and John Neff. The current market environment of the U.S. has volatility as its new norm, and prudent investors are seeking refuge in the guidance of seasoned experts. Among these experts is Charles Akre, the founder of Akre Capital Management. Charles Akre has curated a list of stocks poised for notable appreciation using his disciplined investment approach. He stepped away from PM role in 2020, however, even today Akre Capital's 9 of the top 10 stock holdings were initiated before 2020. Only one of the top 10 stocks was picked by John Neff who is in charge of portfolio management at Akre Capital. Today, we will be looking at 10 of the stocks picked by Charles Akre and John Neff, but we will also take a look at their upside potential. Before we dive into our picks, it is necessary to understand the market context that makes these stocks more attractive. READ ALSO: and . The performance of the market indices in the recent week suggests renewed investor confidence in equities. As per a report by the Wall Street Journal, this performance reflects optimism despite the economic data releases and corporate earnings reports showing adverse growth. Such market movements stress the significance of adopting a strategy when selecting a stock. The most often used and favored strategy involves letting yourself be guided by experienced investors like Akre. The forefront of this resurgence is that many growth stocks, including small caps, have outperformed their value counterparts in 2023. It does not undermine the value equities but projects the current preferences of the market for companies with significant growth prospects. Akre Capital's selections are in a perfect position to capitalize on this growing trend. Investors must understand that such outperformance is not just a short-term phenomenon, as historical data indicate that growth stocks have been consistent deliverers of massive returns over a longer period. From 2009 onward, growth stocks have dominated many investors' portfolios, except for a short period in 2022 when interest rate hikes affected their performance. According to CNBC, this long-term trend adds value to the investment strategy of focusing on growth. Additionally, the need to identify high-quality growth stocks is further emphasized with the market gains concentrated on a select group of mega-cap stocks. For instance, the Magnificent Seven has a collective market value of $11.5 trillion. Akre Capital's investment philosophy underpins this principle of making portfolio decisions by considering high-quality growth stocks. In this context, the ten picks we have brought you here from Akre Capital's portfolio are not just random selections but a list that is put together after going through the company's fundamentals and long-term growth potential with a keen eye for details. Akre Capital's approach remarkably aligns with the current market environment, where discerning investors tend to overcome market challenges by strengthening their portfolios using growth-oriented companies. Before we take a look at our top picks, it is imperative for investors to appreciate the strategic considerations that helped us in putting together our list. Our choices are not about merely capitalizing on current market trends. We ensured that our list results from a deep understanding of the factors driving sustainable growth. We compiled our list of Akre Capital's 10 stock picks with huge upside potential by following a few criteria. All the stocks in our list are part of Akre Capital's portfolio. Following this crucial criterion, we looked for stocks with a high percentage holding in the portfolio. This is to ensure that the article covers the top picks from renowned investors. Then, we looked at the upside potential of the stocks since they represent the future appreciation value of the investors' capital. We have used this upside potential to rank our picks as well. All the data in the article was taken from financial databases and analyst reports, with all information updated as of April 26, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A software engineer hunched over a laptop writing code, embodying the companies technical expertise. Based in Florida, a diversified technology company, Roper Technologies, Inc. (NASDAQ:ROP) develops software and engineered products for niche markets in healthcare, transportation, and education. The company has an asset-light business model that emphasizes recurring revenues through SaaS and cloud-based platforms. In the market, the company's decentralized operating model supports quick acquisition integration and organic growth in tough competition. Its portfolio comprises high-margin, mission-critical software solutions that provide enduring value across specialized industries with low cyclicality. Roper Technologies, Inc. (NASDAQ:ROP) has earned a 6.66% slot in Akre's portfolio. Though low compared to most other stocks on our list, the holding represents a bet on the company's future excellence. Organic sales balanced with inorganic sales have contributed to a free cash flow growth of 14% in 2024. Having successfully deployed $3.6 billion in vertical software businesses, leading the market, the company anticipates a total revenue growth of 10% or more in 2025. In Q4 2024, Roper Technologies, Inc. (NASDAQ:ROP) also announced that they have $5 billion in acquisition firepower, making the company completely ready to capture the M&A opportunities in the future. With a 19.24% upside, Roper Technologies, Inc. (NASDAQ:ROP) may not headline the usual tech chatter. However, it is one of Charles Akre's top-performing stocks, making it a worthy investment for those seeking long-term growth. Chuck Akre first bought the stock in 2014. Overall ROP ranks 3rd on our list of Charles Akre's and John Neff's stock picks with huge upside potential. While we acknowledge the potential of ROP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ROP but trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
