Broad Run Investment Management, LLC

ARLINGTON, VA · CIK 1568621 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited liability company

Assets managed$681.8m
Staff6 · 4 in investment roles
Main clients (by assets)Mutual funds and ETFs 75%, High net worth individuals 20%, Charities 3%
Form ADV · 2026-03-20SEC adviser record

Legal entityBROAD RUN INVESTMENT MANAGEMENT, LLC (US)

Kindmutual funds
Others nearbyArlington, VA

$649.7m reported value +14.4% vs Q1 2026

24positions

79.2%in top 10

0 new 0 added 17 reduced 0 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	AST SPACEMOBILE INC COM CL A ASTS	ASTS	1,455,969	$129.4m19.91%	19.91%	Reduced -7.1k	-7,125 -0.5%
2	APPLIED MATLS INC COM AMAT	AMAT	147,512	$106.7m16.41%	16.41%	Reduced -808	-808 -0.5%
3	SUNBELT RENTALS HOLDINGS INC SHS SUNB	SUNB	702,078	$51.4m7.90%	7.90%	Reduced -2.5k	-2,452 -0.3%
4	BROOKFIELD CORP CL A LTD VT SH BN	BN	1,204,081	$51.3m7.89%	7.89%	Reduced -6.8k	-6,766 -0.6%
5	MARKEL GROUP INC COM MKL	MKL	20,578	$40.2m6.19%	6.19%	Reduced -131	-131 -0.6%
6	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	376,817	$34.7m5.34%	5.34%	Reduced -1.9k	-1,871 -0.5%
7	AON PLC SHS CL A AON	AON	100,650	$33.4m5.14%	5.14%	Reduced -507	-507 -0.5%
8	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	602,709	$27.0m4.16%	4.16%	Reduced -928	-928 -0.1%
9	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	64,139	$21.2m3.26%	3.26%	Unchanged
10	ALPHABET INC CAP STK CL C GOOG	GOOG	54,423	$19.2m2.96%	2.96%	Reduced -1.1k	-1,128 -2.0%
11	NVR INC COM NVR	NVR	2,662	$18.1m2.79%	2.79%	Reduced -11	-11 -0.4%
12	CDW CORP COM CDW	CDW	124,310	$17.5m2.69%	2.69%	Reduced -301	-301 -0.2%
13	AMERICAN TOWER CORP NEW COM AMT	AMT	105,005	$17.2m2.64%	2.64%	Reduced -573	-573 -0.5%
14	CARMAX INC COM KMX	KMX	283,226	$15.0m2.31%	2.31%	Reduced -1.2k	-1,159 -0.4%
15	TRANSDIGM GROUP INC COM TDG	TDG	10,801	$14.4m2.21%	2.21%	Unchanged
16	DANAHER CORPORATION COM DHR	DHR	70,935	$13.5m2.08%	2.08%	Unchanged
17	RH COM RH	RH	62,357	$10.3m1.58%	1.58%	Reduced -177	-177 -0.3%
18	SHENANDOAH TELECOMMUNICATION COM SHEN	SHEN	658,567	$9.9m1.53%	1.53%	Reduced -219.7k	-219,697 -25.0%
19	COGENT COMMUNICATIONS HLDGS COM NEW CCOI	CCOI	660,130	$9.2m1.41%	1.41%	Reduced -3.1k	-3,070 -0.5%
20	FLOOR & DECOR HLDGS INC CL A FND	FND	62,000	$3.7m0.57%	0.57%	Unchanged
21	DISNEY WALT CO COM DIS	DIS	33,559	$3.2m0.50%	0.50%	Reduced -711	-711 -2.1%
22	RELX PLC SPONSORED ADR RELX	RELX	47,000	$1.5m0.23%	0.23%	Unchanged
23	BROOKFIELD WEALTH SOL LTD CL A EXCHANGEAB BNT	BNT	23,581	$1.0m0.15%	0.15%	Unchanged
24	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,535	$905.9k0.14%	0.14%	Unchanged