AKRE FOCUS ETF

The top holders are custody and advisory platforms rather than stock-pickers. Brown Brothers Harriman leads at about $634 million, followed by Financial Engines ($281M) and AlTi Global ($165M). That composition reflects the nature of the entity: it is a mutual fund running Akre Capital's concentrated value strategy, and the 13F holders are the platforms and advisors that distribute it to end clients.

For readers, the useful framing is distribution, not conviction: the $2.6B book and 443-holder breadth measure how widely Akre's strategy is held across the advisory channel, with Brown Brothers' custody-scale position at the top. The underlying stock picks belong to Akre, not to these platform holders.