Akre Focus Fund Institutional Class
AKRIX
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- Akre Focus Fund Institutional Class (AKRIX) is a non-diversified mutual fund that seeks long-term capital appreciation by investing in a concentrated portfolio of high-quality, "compounding machine" businesses exhibiting sustainable competitive advantages, integrity-driven management, and strong reinvestment opportunities for free cash flow, managed by Akre Capital Management, LLC. The fund offers institutional class shares under the ticker AKRIX with a minimum initial investment of $250,000 and additional investments of $25,000; it maintains a focused portfolio typically comprising 20-30 holdings across sectors such as technology, healthcare, industrials, and financials, including key positions in companies like American Tower Corp., Markel Group Inc., Moody's Corp., Roper Technologies Inc., and CoStar Group Inc. The fund, launched on August 31, 2009, is domiciled in the United States and available for sale to U.S. investors, with Akre Capital Management headquartered in Middleburg, Virginia, where the firm was founded by Charles T. Akre in 1989 and oversees approximately $13.1 billion in assets as of September 30, 2025. In a significant strategic shift, Akre Capital Management completed the conversion of the Akre Focus mutual fund family—including AKRIX—into the Akre Focus ETF (NYSE Arca: AKRE) on October 27, 2025, marking one of the industry's largest such transitions with approximately $11.2 billion in assets, aimed at minimizing taxable distributions, reducing expenses, and enhancing transparency while preserving the core "Three-Legged Stool" investment strategy under Portfolio Manager John Neff. Recent portfolio adjustments as of Q2 2025 include new additions such as Copart Inc. and Fair Isaac Corp., increased stakes in Airbnb Inc. and CCC Intelligent Solutions Holdings Inc., reductions in American Tower Corp., and an exit from DigitalBridge Group Inc., reflecting ongoing active management focused on large- and mid-cap growth stocks.