Top funds
No. 16 this year · U.S. fund sold to the public · Middleburg, VA

Akre

Founded by Chuck Akre in 1989. Run by John Neff. Owns a small group of cash-rich businesses like Mastercard and Moody’s, and holds them for years.
If you’d given them $1,000 on January 1, by September 30 you’d have
$805
19.6% in 2026, through Sep 30
You’d have lost $195.
The rose 11.8% over the same months (not counting dividends, the cash some companies pay their owners).
As reported by Akre Focus ETF, for Jan 1 – Sep 30, 2026

Good years and bad years

In 2025:
$1,000
$1,012
(+1.2%)
The S&P 500 rose 16.4% in 2025 (not counting dividends, the cash some companies pay their owners).
As reported by Akre Focus historical performance, for Jan 1 – Dec 31, 2025 · Akre Focus Fund
Over 17 years (2009–2026):
$1,000
$7,312
(+12.4% a year)
As reported by Akre Focus ETF, for Aug 31, 2009 – Sep 30, 2026 · Akre Focus Fund
Even funds with strong records have bad years.
S&P 500 data: S&P Dow Jones Indices LLC, via FRED.

What they own

Biggest bets first. The % is how much of their stock money is in that company. Tap a stock to open its page.
Already owned
Added lately
Sold lately
A full bar is 25% of their money.
— aren’t counted in share of their money.

Just bought

2
Between April and June, compared with the report before.

Sold

11
Dollar amounts use the price on Jun 30, 2026.

Year by year

Each calendar year’s result, after fees, for Akre Focus Fund, now the Akre Focus ETF. A public fund anyone can buy: the institutional share class until October 2025, then the ETF that took over its record. The first months of 2009 are worked out from Akre’s monthly figures.
From Aug 31, 2009 to Sep 30, 2026, it grew 12.4% a year on average, after fees. Up in 16 of the 18 years shown, down in 2.
2026 · Jan 1 – Sep 30
−19.6%
2025
+1.2%
2024
+18.3%
2023
+28.8%
2022
−22.7%
2021
+24.5%
2020
+20.7%
2019
+35.4%
2018
+5.6%
2017
+30.9%
Source: Akre Focus ETF Historical Performance, September 2026 - month-end/quarter-end performance as of 9/30/2026, YTD

Where their money goes

Each square is $1 of every $100 they have in stocks.

Who invests with them

From Form ADV, the form investment firms file with the SEC about their clients, their money and their staff.
About 323 investors
They hold only about 17% of the money it manages. Most of the rest is in a fund sold to the public, whose investors aren’t counted.
$11.8 billion it manages
All the money it invests for its clients, by its own count.
12 people work there
3 of them pick investments.
$5 million minimum to join
For Braddock Partners LP, its biggest fund. Its managers and staff own 47% of it.

Its funds

Braddock Partners LP
About 100 investors
$1.18 billion
Braddock Partners Offshore, Ltd
7 investors
$35 million
  • Investor counts are approximate, and someone in two of its funds counts twice.
From the Form ADV filed by Akre Capital Management, LLC on Jun 4, 2026.
View it on SEC.gov

At a glance

Money they have in stocks
$5.11 billion
$5,106,870,308
Stocks they own
19
plus 1 option bet
Their 5 biggest bets
58% of their money
Holdings as of
Jun 30, 2026
Reported on
Aug 14, 2026
Run by
John Neff
Based in
Middleburg, VA
Investing since
1989
The original report
SEC.gov ↗︎

Good to know

  • Its Canadian holdings, like Constellation Software, don’t appear in these U.S. reports.
Holdings as of Jun 30, 2026, from Akre’s Form 13F, filed Aug 14, 2026.
View the filing on SEC.gov
Not investment advice. For information and education only. Holdings: SEC Form 13F filings and the funds’ own letters. Returns: as reported by the funds or the press, linked at each number. Investors and money managed: the managers’ Form ADV filings with the SEC. Not affiliated with the SEC or any fund.
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