Broad Run Investment Management, LLC

CIK

1568621

Location

ARLINGTON, VA

Portfolio Value

Small $553,587,844

Diversification

Diversified

Filing Date

Global Rank

#2,171 / 8,232 ▲ 252

Top Industry

Communication Equipment 21.9%

3Y Alpha vs SPY

+0.1%

Period ended 2 months ago

Filed May 15, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+76.6%

SPY

+76.3%

Annualised alpha

+0.1%

Max drawdown

−25.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

23 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

21.9%

−0.3 pts

Top 5

55.4%

−1.4 pts

Top 10

79.2%

+0.0 pts

HHI

931

Diversified−29

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	33.8%	$187,021,314	3
Financial Services	26.9%	$149,100,824	5
Consumer Cyclical	17.3%	$95,792,522	6
Industrials	10.8%	$59,933,833	3
Communication Services	5.4%	$30,069,424	4
Real Estate	3.3%	$18,220,651	1
Healthcare	2.4%	$13,449,276	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
BAM	Brookfield Asset Management Ltd.	+200,281	603,637	$26,831,664
MKL	Markel Group Inc.	+184	20,709	$39,638,473
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
ASTS	AST SpaceMobile, Inc.	−108,743	1,463,094	$121,246,599
ORLY	O Reilly Automotive Inc	−20,066	378,688	$34,956,689
SHEN	Shenandoah Telecommunications Co/Va/	−12,832	878,264	$13,542,830
AMAT	Applied Materials Inc /De	−8,783	148,320	$50,694,292
DIS	Walt Disney Co	−5,536	34,270	$3,302,942
AON	Aon plc	−5,410	101,157	$32,651,456
AMT	American Tower Corp /Ma/	−4,297	105,578	$18,220,651
BN	BROOKFIELD Corp /ON/	−4,116	1,210,847	$49,002,978
CDW	CDW Corp	−1,226	124,611	$15,080,423
KMX	Carmax Inc	−1,157	284,385	$11,824,728
RH	Rh	−1,020	62,534	$8,743,503
CCOI	Cogent Communications Holdings, Inc.	−500	663,200	$12,494,688
NVR	Nvr Inc	−110	2,673	$17,614,615
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
SUNB	Sunbelt Rentals Holdings, Inc.	704,530	$45,857,857
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

23 positions · $553,587,844 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ASTS	AST SpaceMobile, Inc. Technology	Reduced	1,463,094	-108,743	$121,246,599	+6.2%	21.90%
AMAT	Applied Materials Inc /De Technology	Reduced	148,320	-8,783	$50,694,292	+25.6%	9.16%
BN	BROOKFIELD Corp /ON/ Financial Services	Reduced	1,210,847	-4,116	$49,002,978	−12.1%	8.85%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	704,530	NEW	$45,857,857	NEW	8.28%
MKL	Markel Group Inc. Financial Services	Added	20,709	+184	$39,638,473	−10.2%	7.16%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	378,688	-20,066	$34,956,689	−3.9%	6.31%
AON	Aon plc Financial Services	Reduced	101,157	-5,410	$32,651,456	−13.2%	5.90%
BAM	Brookfield Asset Management Ltd. Financial Services	Added	603,637	+200,281	$26,831,664	+27.0%	4.85%
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	Held	64,139	0	$19,503,387	+5.9%	3.52%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	105,578	-4,297	$18,220,651	−5.5%	3.29%
NVR	Nvr Inc Consumer Cyclical	Reduced	2,673	-110	$17,614,615	−13.2%	3.18%
CDW	CDW Corp Technology	Reduced	124,611	-1,226	$15,080,423	−12.0%	2.72%
SHEN	Shenandoah Telecommunications Co/Va/ Communication Services	Reduced	878,264	-12,832	$13,542,830	+31.5%	2.45%
DHR	Danaher Corp /De/ Healthcare	Held	70,935	0	$13,449,276	−17.2%	2.43%
TDG	TransDigm Group INC Industrials	Held	10,801	0	$12,517,926	−12.9%	2.26%
CCOI	Cogent Communications Holdings, Inc. Communication Services	Reduced	663,200	-500	$12,494,688	−12.7%	2.26%
KMX	Carmax Inc Consumer Cyclical	Reduced	284,385	-1,157	$11,824,728	+7.2%	2.14%
RH	Rh Consumer Cyclical	Reduced	62,534	-1,020	$8,743,503	−23.2%	1.58%
DIS	Walt Disney Co Communication Services	Reduced	34,270	-5,536	$3,302,942	−27.1%	0.60%
FND	Floor & Decor Holdings, Inc. Consumer Cyclical	Held	62,000	0	$3,149,600	−16.6%	0.57%
RELX	Relx PLC Industrials	Held	47,000	0	$1,558,050	−18.0%	0.28%
BNT	Brookfield Wealth Solutions Ltd. Financial Services	Held	23,581	0	$976,253	−9.9%	0.18%
GOOGL	Alphabet Inc. Communication Services	Held	2,535	0	$728,964	−8.1%	0.13%