2024-07-16 04:20:00 ET
Summary
- The Akre Focus Fund’s Q2 2024 performance (Inst.) was -1.86% vs. S&P 500 Total Return at 4.28%.
- The Fund owns businesses that are neither the largest nor most popular, and looking forward we see this as a plus.
- The top-5 contributors to performance during the quarter were Moody’s, Constellation Software, KKR, Roper Technologies, and American Tower.
- The top-5 detractors fromperformance this quarter were CoStar Group, Mastercard, Visa, O’ReillyAutomotive, and CarMax.
Greetings from Middleburg. We hope this finds you enjoying summer so far.
The Akre Focus Fund's ( AKRIX ) second quarter 2024 performance for the Institutional share class was -1.86% compared with S&P 500 ( SP500 , SPX ) Total Return at 4.28%. Performance for the trailing 12-month period ending June 28, 2024 for the Institutional share class was 18.79% compared with 24.56% for the S&P 500 Total Return....
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For further details see:
Akre Focus Fund Q2 2024 Commentary