# Akre Capital Management, LLC

> Akre Capital Management, LLC is an SEC-registered investment advisory firm in Middleburg, VA, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 4, 2026.

- CRD: 109242
- Filed as: AKRE CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Middleburg, VA
- Filing period: October 2026
- Form ADV filing dated: June 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109242
- AdvisorCensus page: https://advisorcensus.com/firm/akre-capital-management-llc-middleburg-va-109242

## Quick answers

**How is Akre Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Akre Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Akre Capital Management, LLC located?**
Akre Capital Management, LLC's principal office is in Middleburg, VA, according to its Form ADV.

**Is Akre Capital Management, LLC registered with the SEC or a state?**
Akre Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 109242.

**How much does Akre Capital Management, LLC manage?**
Akre Capital Management, LLC reports $11,821,915,481 in regulatory assets under management in its Form ADV filing dated June 4, 2026 (100% discretionary).

**How have Akre Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Akre Capital Management, LLC: Regulatory assets under management: $17,072,080,218 in the October 2021 data and $11,821,915,481 in the October 2026 data, down 31%. Total employees: 13 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Akre Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (105); high net worth individuals (89); corporations or other businesses not listed above (15).

**Which custodians does Akre Capital Management, LLC use?**
Akre Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Akre Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/109242

**What changed in Akre Capital Management, LLC's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- National Financial Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $11,821,915,481
- Discretionary: $11,821,915,481
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 105 | $38,260,691 |
| High net worth individuals | 89 | $233,426,563 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $9,850,965,269 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $1,251,944,779 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $1,303,356 |
| Charitable organizations | 6 | $18,271,721 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 15 | $427,743,102 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2000 (26 years)
- Employees: 12 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, DC, FL, GA, MA, MD, ME, MO, NY, PA, TX, VA, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- akrecapital.com
- LinkedIn @akre-capital-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $17,072,080,218 | 13 | March 18, 2021 |
| October 2022 | $20,083,530,896 | 13 | May 18, 2022 |
| October 2023 | $13,714,741,365 | 12 | September 27, 2023 |
| October 2024 | $14,784,344,321 | 12 | March 19, 2024 |
| October 2025 | $14,378,542,313 | 12 | April 28, 2025 |
| October 2026 | $11,821,915,481 | 12 | June 4, 2026 |

Regulatory assets under management: $17,072,080,218 in the October 2021 data and $11,821,915,481 in the October 2026 data, down 31%.
Total employees: 13 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $14,378,542,313 to $11,821,915,481 (-18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Akre Capital Management, LLC (CRD 109242): Form ADV filing data as of October 2026.