Broad Run Investment Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Broad Run Investment Management, LLC reported 24 stock positions worth $649.7 million. Its top holding was Ast Spacemobile (ASTS) at 19.9% of the portfolio, followed by Applied Materials (AMAT, 16.4%) and Sunbelt Rentals (SUNB, 7.9%). Compared with Q1 2026, it reduced 17. The biggest sale was Ast Spacemobile (ASTS, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON, VA
- CIK
- 0001568621
- Portfolio Value
- $649.7M (Q2 2026)
- SEC Filing
- 0001568621-26-000009 ↗ filed Aug 14, 2026
Holdings Value
Holdings 24 stocks · $649.7M
| ASTS Ast Spacemobile Inc. | 19.91% | 1,455,969 | $129.4M | Reduce -0.5% |
| AMAT Applied Materials Inc. | 16.41% | 147,512 | $106.7M | Reduce -0.5% |
| SUNB Sunbelt Rentals Holdings Inc. | 7.90% | 702,078 | $51.4M | Reduce -0.3% |
| BN Brookfield Corp. | 7.89% | 1,204,081 | $51.3M | Reduce -0.6% |
| MKL Markel Group Inc. | 6.19% | 20,578 | $40.2M | Reduce -0.6% |
| ORLY O'reilly Automotive Inc. | 5.34% | 376,817 | $34.7M | Reduce -0.5% |
| AON Aon PLC Class A | 5.14% | 100,650 | $33.4M | Reduce -0.5% |
| BAM Brookfield Asset Mgmt-A | 4.16% | 602,709 | $27.0M | Reduce -0.1% |
| HLT Hilton Worldwide Holdings Inc. | 3.26% | 64,139 | $21.2M | No change |
| GOOG Alphabet Inc. Class C | 2.96% | 54,423 | $19.2M | Reduce -2.0% |
| NVR NVR Inc. | 2.79% | 2,662 | $18.1M | Reduce -0.4% |
| CDW CDW Corp. | 2.69% | 124,310 | $17.5M | Reduce -0.2% |
| AMT American Tower Corp. | 2.64% | 105,005 | $17.2M | Reduce -0.5% |
| KMX Carmax Inc. | 2.31% | 283,226 | $15.0M | Reduce -0.4% |
| TDG Transdigm Group Inc. | 2.21% | 10,801 | $14.4M | No change |
| DHR Danaher Corp. | 2.08% | 70,935 | $13.5M | No change |
| RH RH | 1.58% | 62,357 | $10.3M | Reduce -0.3% |
| SHEN Shenandoah Telecommunication | 1.53% | 658,567 | $9.9M | Reduce -25.0% |
| CCOI Cogent Communications Holdin | 1.41% | 660,130 | $9.2M | Reduce -0.5% |
| FND Floor & Decor Holdings Inc. Class A | 0.57% | 62,000 | $3.7M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.50% | 33,559 | $3.2M | Reduce -2.1% |
| RELX Relx PLC - Spon ADR | 0.23% | 47,000 | $1.5M | No change |
| BNT Brookfield Wealth Solutions | 0.15% | 23,581 | $1.0M | No change |
| GOOGL Alphabet Inc. Class A | 0.14% | 2,535 | $906K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| ASTS Ast Spacemobile Inc. | Reduce -0.5% | 19.91% | −1.44 |
| SHEN Shenandoah Telecommunication | Reduce -25.0% | 1.53% | −0.86 |
| ORLY O'reilly Automotive Inc. | Reduce -0.5% | 5.34% | −0.82 |
| MKL Markel Group Inc. | Reduce -0.6% | 6.19% | −0.80 |
| CCOI Cogent Communications Holdin | Reduce -0.5% | 1.41% | −0.79 |
| BN Brookfield Corp. | Reduce -0.6% | 7.89% | −0.74 |
| AON Aon PLC Class A | Reduce -0.5% | 5.14% | −0.61 |
| AMT American Tower Corp. | Reduce -0.5% | 2.64% | −0.57 |
| BAM Brookfield Asset Mgmt-A | Reduce -0.1% | 4.16% | −0.56 |
| NVR NVR Inc. | Reduce -0.4% | 2.79% | −0.31 |
| DIS The Walt Disney Co. | Reduce -2.1% | 0.50% | −0.08 |
| CDW CDW Corp. | Reduce -0.2% | 2.69% | +0.04 |
| RH RH | Reduce -0.3% | 1.58% | +0.04 |
| SUNB Sunbelt Rentals Holdings Inc. | Reduce -0.3% | 7.90% | +0.12 |
| GOOG Alphabet Inc. Class C | Reduce -2.0% | 2.96% | +0.15 |
| KMX Carmax Inc. | Reduce -0.4% | 2.31% | +0.22 |
| AMAT Applied Materials Inc. | Reduce -0.5% | 16.41% | +7.49 |
Portfolio Buys Q1 2026 → Q2 2026
| None this quarter. | |||
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $649.7M | ASTS, AMAT, SUNB, BN, MKL |
| Q1 2026 | 24 | $567.9M | ASTS, AMAT, BN, SUNB, MKL |
| Q4 2025 | 24 | $538.5M | ASTS, BN, MKL, AMAT, AON |
| Q3 2025 | 24 | $610.9M | ASTS, BN, ORLY, MKL, AON |
| Q2 2025 | 24 | $652.8M | ASTS, BN, MKL, AON, ORLY |
| Q1 2025 | 24 | $599.0M | ASTS, BN, AON, MKL, ORLY |
| Q4 2024 | 24 | $736.0M | ASTS, BN, AON, MKL, CCOI |
| Q3 2024 | 24 | $828.4M | ASTS, BN, AON, ORLY, AMT |
| Q2 2024 | 25 | $730.2M | BN, MKL, AMAT, ORLY, AON |
| Q1 2024 | 26 | $814.1M | BN, MKL, AON, ORLY, KMX |