# EDGAR Filing Document

**Accession Number:** 0001112520
**File Stem:** 0001112520-25-000024
**Filing Date:** 2025-8
**Character Count:** 15306
**Document Hash:** ca5e8fc738609a3f89b51863f0e269a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001112520-25-000024.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001112520-25-000024

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AKRE CAPITAL MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001112520

**ORGANIZATION NAME:**
- **EIN:** 541968332
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06599
- **FILM NUMBER:** 251268020

**BUSINESS ADDRESS:**
- **STREET 1:** 2 WEST MARSHALL STREET
- **CITY:** MIDDLEBURG
- **STATE:** VA
- **ZIP:** 20117
- **BUSINESS PHONE:** 540-687-3880

**MAIL ADDRESS:**
- **STREET 1:** 2 WEST MARSHALL STREET
- **STREET 2:** P.O. BOX 998
- **CITY:** MIDDLEBURG
- **STATE:** VA
- **ZIP:** 20118-0998

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001112520

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** AKRE CAPITAL MANAGEMENT LLC

**Address:** 2 WEST MARSHALL STREET, MIDDLEBURG, VA 20118-0998

**Telephone number:** 540-687-8929

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-06599

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 254900PTYDRC1H1RQF42

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                          | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                                                                                                                                                                                           | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| VISA INC.                               | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          28740 |                0 | For         |                                    28740 | FOR                         |  |
| MOODY'S CORPORATION                     | 615369105 | 04/15/2025     | Advisory resolution approving executive compensation.                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         407568 |                0 | For         |                                   407568 | FOR                         |  |
| GOOSEHEAD INSURANCE, INC.               | 38267D109 | 05/05/2025     | Non-binding and advisory resolution approving the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         366125 |                0 | For         |                                   366125 | FOR                         |  |
| DANAHER CORPORATION                     | 235851102 | 05/06/2025     | To approve on an advisory basis the Company's named executive officer compensation.                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          25400 |                0 | For         |                                    25400 | FOR                         |  |
| CONSTELLATION SOFTWARE INC.             | 21037X100 | 05/13/2025     | An advisory vote to accept the Corporation's approach to executive compensation as more particularly described in the accompanying management information circular.                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          43120 |                0 | For         |                                    43120 | FOR                         |  |
| AMERICAN TOWER CORPORATION              | 03027X100 | 05/14/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         587709 |                0 | For         |                                   587709 | FOR                         |  |
| O'REILLY AUTOMOTIVE, INC.               | 67103H107 | 05/15/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         238199 |                0 | For         |                                   238199 | FOR                         |  |
| VERISK ANALYTICS, INC.                  | 92345Y106 | 05/20/2025     | To approve executive compensation on an advisory, non-binding basis.                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          10481 |                0 | For         |                                    10481 | FOR                         |  |
| CCC INTELLIGENT SOLUTIONS HOLDINGS INC. | 12510Q100 | 05/22/2025     | To approve, on an advisory (non- binding) basis, the compensation of the Company's named executive officers as set forth in the Proxy Statement for the Annual Meeting.                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        2508986 |                0 | For         |                                  2508986 | FOR                         |  |
| DIGITALBRIDGE GROUP, INC.               | 25401T603 | 05/23/2025     | To approve, on a non-binding, advisory basis, named executive officer compensation.                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         147000 |                0 | For         |                                   147000 | FOR                         |  |
| AIRBNB INC                              | 009066101 | 06/04/2025     | To approve, on an advisory (non- binding) basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         217569 |                0 | For         |                                   217569 | FOR                         |  |
| BROOKFIELD CORPORATION                  | 11271J107 | 06/06/2025     | Say on Pay Resolution The Say on Pay Resolution set out in the Circular.                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        1910347 |                0 | For         |                                  1910347 | FOR                         |  |
| ROPER TECHNOLOGIES, INC.                | 776696106 | 06/10/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          46238 |                0 | For         |                                    46238 | FOR                         |  |
| SOPHIA GENETICS SA                      |  | 06/18/2025     | Approval of the maximum aggregate amount of compensation of the Board of Directors until completion of the 2026 Annual General Meeting: The Board proposes to approve a maximum aggregate amount of compensation for the members of the Board of USD 1,942,600 for the period from the 2025 Annual General Meeting to the 2026 Annual General Meeting.                                                     | SECTION 14A SAY-ON-PAY VOTES |        2237504 |                0 | For         |                                  2237504 | FOR                         |  |
| SOPHIA GENETICS SA                      |  | 06/18/2025     | Approval of the maximum aggregate amount of fixed compensation of the Executive Committee for 2026: The Board proposes to approve a maximum aggregate amount of fixed compensation for the members of the Executive Committee of USD 3,279,007 for the financial year 2026.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        2237504 |                0 | For         |                                  2237504 | FOR                         |  |
| SOPHIA GENETICS SA                      |  | 06/18/2025     | Approval of maximum aggregate amount of variable compensation for the members of the Executive Committee for 2025: The Board proposes to approve a maximum aggregate amount of variable compensation for the members of the Executive Committee of USD 15,950,000 for the current financial year 2025, comprising an equity component of up to USD 13,350,000 and a cash component of up to USD 2,600,000. | SECTION 14A SAY-ON-PAY VOTES |        2237504 |                0 | For         |                                  2237504 | FOR                         |  |
| MASTERCARD INCORPORATED                 | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         726770 |                0 | For         |                                   726770 | FOR                         |  |
| CARMAX, INC.                            | 143130102 | 06/24/2025     | To approve, in an advisory (non-binding) vote, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         150600 |                0 | For         |                                   150600 | FOR                         |  |
| COSTAR GROUP, INC.                      | 22160N109 | 06/26/2025     | Proposal to approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         972803 |              296 | For         |                                   972803 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** AKRE CAPITAL MANAGEMENT LLC

**By (Signature):** Quinn Morris

**By (Printed Signature):** Quinn Morris

**By (Title):** Chief Compliance Officer

**Date:** 08/28/2025