What if you had copied Akre Capital?
Founded by Chuck Akre
The verdict
Copying Akre Capital's 13F filings from Feb 2020 would have turned $10,000 into $16,560, less than the S&P 500 did.
The S&P 500 turned the same $10,000 into $24,639 over the same days. The copy returned +7.8% a year against +14.4% for the S&P 500, 6.6 points a year behind. Its worst fall was 35.6%, from Feb 19, 2020 to Mar 23, 2020. The S&P 500's worst fall over the test was 33.7%.
Copied Feb 18, 2020 to Nov 9, 2026 · SEC 13F filings and daily closes
What $10,000 became
- Copying Akre Capital$16,560
- S&P 500$24,639
- Bought their first portfolio and never traded$16,718
If you had bought their first portfolio and never traded, you would have ended at $16,718, so following every move cost $158.
- $10,000 copied
- $16,560
- +65.6%, +7.8% a year
- In the S&P 500
- $24,639
- +146.4%, +14.4% a year
- No trading
- $16,718
- Bought their first portfolio and never traded
- Worst fall
- −35.6%
- Feb 19, 2020 to Mar 23, 2020
- Trades
- 65
- 42 buys, 23 sales over 29 filings; about 26% of the copy traded a year
The moves that made the most
- MAMastercard+$1,896
Held since Feb 2020, the stock up 100%
- ORLYO'reilly Automotive+$1,336
Held since Feb 2020, the stock up 240%
- MCOMoody's+$1,217
Held since Feb 2020, the stock up 93%
- KKR+$1,138
Held since Feb 2020, the stock up 211%
Held since Feb 2020, the stock up 110%
- BNBrookfield+$736
Held since Feb 2023, the stock up 81%
The moves that cost the most
- CSGPCostar−$914
Held since Feb 2020, the stock down 58%
- FICOFair Isaac−$743
Held since Aug 2025, the stock down 46%
- KMXCarmax−$155
Held from Feb 2020 to May 2026, the stock down 62%
- AMTAmerican Tower−$148
Held since Feb 2020, the stock down 9%
- CPRTCopart−$108
Held since Aug 2025, the stock down 31%
- CRMSalesforce−$89
Held since Aug 2021, the stock down 15%
Year by year
| Year | Copy | S&P 500 | Gap, pts |
|---|---|---|---|
| 2020from Feb 2020 | +7.2% | +13.1% | −5.9 |
| 2021 | +22.6% | +28.7% | −6.1 |
| 2022 | −19.3% | −18.2% | −1.2 |
| 2023 | +29.7% | +26.2% | +3.5 |
| 2024 | +20.7% | +24.9% | −4.2 |
| 2025 | +4.1% | +17.7% | −13.7 |
| 2026to Nov 2026 | −4.1% | +11.5% | −15.6 |
A historical test on paper, before costs and taxes. It trades at the close of the first trading day after each filing comes out, up to 45 days after the quarter, and skips delisted companies, which flatters it.