Liberty Posted May 17, 2014 Share Posted May 17, 2014 Link to comment Share on other sites More sharing options...
PatientCheetah Posted May 17, 2014 Share Posted May 17, 2014 great interview, he focuses the core economics and the sustainability of reinvestment opportunities. he is willing to pay up for it if ROIC is compelling and can be replicated year and year. Link to comment Share on other sites More sharing options...
Liberty Posted May 17, 2014 Author Share Posted May 17, 2014 Side question: Does anyone have Akre track record, going as far back as possible? Thanks. Link to comment Share on other sites More sharing options...
EliG Posted May 17, 2014 Share Posted May 17, 2014 Great interview. Thanks for posting. Side question: Does anyone have Akre track record, going as far back as possible? Thanks. http://www.marketwatch.com/story/top-manager-quits-mutual-fund-2009-08-05 13% annualized from Dec 1996 to Aug 2009 as a manager of FBR Focus Fund. The end date is not far from the bottom of the crisis. I would venture a guess that he was averaging better than 15% before the crisis. Link to comment Share on other sites More sharing options...
Liberty Posted May 18, 2014 Author Share Posted May 18, 2014 Thanks, EliG! Link to comment Share on other sites More sharing options...
stahleyp Posted May 18, 2014 Share Posted May 18, 2014 I did a quick calculation on his old fund. The symbol now is HFCSX. Hennessy took over the FBR fund family. From 12/31/2006 - 12/31/2007 a $10,000 investment would have turned into $52,962.40 - 16.39% after fees. Link to comment Share on other sites More sharing options...
dpetrescu Posted May 22, 2014 Share Posted May 22, 2014 Interesting that American Towers is one of his largest holdings. He had a very good narrative about it in the interview: future increase in demand for cell towers with increase in speed over time (3G to 4G to....etc). Last year (and 50% ago) there was a short counter argument claiming their overseas investments are destroying value and that data usage growth will circumvent cell towers. I don't have a strong opinion personally but interesting to hear two opposing intelligent points of view. http://www.muddywatersresearch.com/research/amt/initiating-coverage-amt-full-report/ Link to comment Share on other sites More sharing options...
spartansaver Posted March 16, 2016 Share Posted March 16, 2016 Anyone know where to find Akre's old letters to shareholders? Link to comment Share on other sites More sharing options...
educatedidiot Posted May 17, 2018 Share Posted May 17, 2018 Chuck Akre's Q1 13-F is out. He bought KKR & Co, added to American Tower, Alarm.com, and a few others. American Tower was already his largest position, and is now up to a 13% weight. http://www.rocketfinancial.com/Holdings.aspx?id=373&fC=1 Link to comment Share on other sites More sharing options...
Liberty Posted November 11, 2019 Author Share Posted November 11, 2019 Akre on Wealthtrack again: Link to comment Share on other sites More sharing options...
dcollon Posted November 11, 2019 Share Posted November 11, 2019 Thanks for sharing Liberty. I always enjoy listening to Chuck. Link to comment Share on other sites More sharing options...
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