Broad Run Investment Management, LLC

CIK 1568621 · View on SEC EDGAR ↗

Portfolio value
$649.7M
#3,215 of 9,443 by 13F value · top 34.0%
Positions
24
As of
June 30, 2026

Portfolio value QoQ: +14.4% 13F does not disclose cash

Top 10 holdings weight
79.17%
Top 25 holdings weight
100.00%
Positions above 1%
19
Effective number of positions
10.4

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.0% Est. buys $0 · sells $6,446,852

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 88.9% still held

New positions
0
Increased
0
Decreased
17
Closed
1
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Performance vs S&P 500

Tracked Q2 2025–Q2 2026
+33.2%
S&P 500 total return (same window)
+21.7%
Excess return
+11.6%

Annualized: +33.2% · S&P 500: +21.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 97.9% · Options excluded: 0.0%

Sector breakdown

Telecommunication
22.9%
Technology
16.4%
Financial Services
12.1%
Financials
11.5%
Retail
9.8%
Industrials
5.1%
Communication Services
3.6%
Consumer Discretionary
3.3%
Consumer products
2.8%
Real Estate
2.6%
Healthcare
2.1%
Other/Unmapped
7.9%

Full portfolio 24 positions

Type Streak 8Q trend
ASTS AST SpaceMobile, Inc. - Class A Common Stock $129,377,405 19.91% 1,455,969 $8,130,805 Down ×6
AMAT Applied Materials, Inc. - Common Stock $106,651,176 16.41% 147,512 $55,956,883 Down ×6
Unknown issuer (CUSIP: 866966104) $51,353,306 7.90% 702,078 $7,156,763 Down ×1
BN Brookfield Corporation Class A Limited Voting Shares $51,281,810 7.89% 1,204,081 $2,278,832 Down ×2
MKL Markel Group Inc. Common Stock $40,189,040 6.19% 20,578 $550,564 Down ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $34,701,078 5.34% 376,817 $-255,611 Down ×4
AON Aon plc Class A Ordinary Shares (Ireland) $33,384,599 5.14% 100,650 $733,143 Down ×6
BAM Brookfield Asset Management Inc Class A Limited Voting Shares $27,031,499 4.16% 602,709 $199,834 Down ×1
HLT Hilton Worldwide Holdings Inc. Common Stock $21,195,374 3.26% 64,139 $1,691,987
GOOG Alphabet Inc. - Class C Capital Stock $19,229,279 2.96% 54,423 $3,293,919 Down ×6
NVR NVR, Inc. Common Stock $18,137,271 2.79% 2,662 $522,655 Down ×6
CDW CDW Corporation - Common Stock $17,482,958 2.69% 124,310 $2,402,535 Down ×6
AMT American Tower Corporation (REIT) Common Stock $17,175,668 2.64% 105,005 $-1,044,983 Down ×6
KMX CarMax Inc $14,979,823 2.31% 283,226 $3,155,095 Down ×6
TDG Transdigm Group Incorporated Common Stock $14,387,364 2.21% 10,801 $1,869,437
DHR Danaher Corporation Common Stock $13,511,699 2.08% 70,935 $62,423
RH RH Common Stock $10,272,069 1.58% 62,357 $1,528,565 Down ×6
SHEN Shenandoah Telecommunications Co - Common Stock $9,931,190 1.53% 658,567 $-3,611,641 Down ×6
CCOI Cogent Communications Holdings, Inc. - Common Stock $9,162,604 1.41% 660,130 $-3,332,084 Down ×2
FND Floor & Decor Holdings, Inc. Common Stock $3,680,320 0.57% 62,000 $530,720
DIS Walt Disney Company (The) Common Stock $3,230,006 0.50% 33,559 $-72,888 Down ×6
RELX RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) $1,488,490 0.23% 47,000 $-69,560
BNT Brookfield Wealth Solutions Ltd. Class A Exchangeable Limited Voting Shares $1,005,965 0.15% 23,581 $29,712
GOOGL Alphabet Inc. - Class A Common Stock $905,933 0.14% 2,535 $176,968

Top movers (QoQ)

Security Action Shares Δ Value Δ
AMAT Trimmed -808 +$56.0M
ASTS Trimmed -7K +$8.1M
Trimmed -2K +$7.2M
SHEN Trimmed -220K -$3.6M
CCOI Trimmed -3K -$3.3M
GOOG Trimmed -1K +$3.3M
KMX Trimmed -1K +$3.2M
CDW Trimmed -301 +$2.4M
BN Trimmed -7K +$2.3M
TDG Price move only +0 +$1.9M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
WMG March 31, 2025 107,601 $3,335,631 -14.0%
ITOT March 31, 2026 18,657 $2,774,109 No longer tracked
ECPG Dec. 31, 2025 35,733 $1,491,495 84.3%