BKAMF - Akre Focus Fund Q1 2025 Commentary

2025-04-11 03:20:00 ET

Summary

• Akre Focus Fund outperformed the S&P 500 in Q1 2025 with a 1.52% return versus the S&P 500's -4.27%, and 11.02% over the trailing 12 months.
• We emphasize valuation discipline and patience, aiming for mid-to-high-teens annualized returns over a 5-year horizon, even under low-case scenarios.
• Avoiding the "Magnificent 7," our strategy focuses on the full arc of investment, considering both growth potential and inevitable market corrections.
• Increased cash position to 6.3% due to economic uncertainty, ensuring readiness to capitalize on future buying opportunities.

Gravity’s Rainbow First Quarter 2025

Greetings from Middleburg where Spring is approaching full bloom.

The Akre Focus Fund’s first quarter 2025 performance for the Institutional share class was 1.52% compared with S&P 500 Total Return ( SP500TR ) at -4.27%. Performance for the trailing 12-month period ending March 31, 2025, for the Institutional share class was 11.02% compared with 8.25% for the S&P 500 Total Return....

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