Author sold the AKRE ETF, criticizing its managers for endowment bias and adding to weak holdings like CSU and CCC, while preferring to own its best names directly.
AKRE — AVOID The author sold their AKRE fund position after reading the Feb. 6 letter, arguing the managers suffer from endowment effect and confirmation bias, doubling down on weak software holdings instead of the best ones. They see the fund as tone-deaf and prefer to own its best holdings directly rather than pay a 1% management fee. The stated catalyst is the disappointing shareholder letter and continued poor capital allocation.
I held the fund for a while, but sold after reading the letter from a few days ago. Tone deaf and we are right talk… While I believe some of their holdings are great like Mastercard, KKR and Moody’s for example, I wondered why I would continue to pay their management fee just to hear them backslapping on how good the dinosaur software companies they own are.
This Reddit post, published February 11, 2026, features u/Columbus_Hill discussing AKRE. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/Columbus_Hill · Tickers: AKRE