Chuck Akre’s Top 5 Stock Holdings

3. American Tower Corporation (NYSE: AMT)

American Tower Corporation (NYSE: AMT) was the third stock on the top 10 holdings list of Chuck Akre. By allocating 10.82% of the portfolio to one of the largest global REITs, the position has been increased by 1.38%, ending the quarter with 7.13 million shares valued at $1.60 billion.

Based in Boston, American Tower Corporation is a leading real estate investment trust owning wireless and broadband communications infrastructure with a portfolio of approximately 181,000 sites.

Year-to-date, American Tower Corporation stock lost 11.34% of its value. However, the company has a strong returns history with recurring cash flows and a 5G technology underway, which might boost its market share.

Akre was the largest shareholder in the company as of the end of the fourth quarter. The real estate giant pays a quarterly dividend of $1.21 per share, representing a $4.84 annual dividend and a yield of 2.13%.