Core Insights - Lighthouse Wealth Management Inc. initiated a new position in the Akre Focus ETF (NYSE:AKRE) by acquiring 277,954 shares valued at $18.21 million during the fourth quarter [2][3][7] - The new position represents 12.44% of Lighthouse's 13F reportable assets under management, indicating a significant commitment to this ETF [4][7] ETF Overview - The Akre Focus ETF has a market capitalization of $9.8 billion and is categorized under the Financial Services sector, specifically in Asset Management [5] - As of the last market close, shares of AKRE were priced at $64.18 [5] Investment Strategy - The Akre Focus ETF offers a diversified portfolio that includes U.S. equities, common and preferred stocks, warrants, options, convertibles, REITs, and select foreign securities [9] - The ETF employs an actively managed strategy focusing on high-quality businesses with strong shareholder returns and reinvestment opportunities [10] - The fund aims for long-term capital appreciation through a concentrated portfolio of high-conviction holdings, typically maintaining around 10 core positions that constitute about 70% of total assets [12] Historical Context - The Akre Focus ETF is a successor to a long-running mutual fund established in 2009, which transitioned to an ETF format to enhance tax efficiency and transparency while maintaining its investment strategy [11] - The portfolio includes top-weighted companies such as Mastercard, Brookfield, Constellation Software, KKR, and Visa, selected for their durable returns on capital and management quality [12] Portfolio Positioning - Lighthouse's investment in the Akre Focus ETF complements its broader market exposure through other ETFs like QQQ, suggesting that Akre serves as a high-conviction counterweight rather than a direct market substitute [13]