Broad Run Investment Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Broad Run Investment Management, LLC reported 26 stock positions worth $814.1 million. Its top holding was Brookfield (BN) at 7.9% of the portfolio, followed by Markel (MKL, 7.8%) and Aon Class A (AON, 7.7%). Compared with Q4 2023, it opened 1 new position, sold out of 1, added to 7 and reduced 15. The biggest buy was Applied Materials (AMAT, shares +11%) and the biggest sale Ast Spacemobile (ASTS, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON, VA
- CIK
- 0001568621
- Portfolio Value
- $814.1M (Q1 2024)
- SEC Filing
- 0001568621-24-000007 ↗ filed May 15, 2024
Holdings Value
Holdings 26 stocks · $814.1M
| BN Brookfield Corp. | 7.86% | 1,527,249 | $63.9M | Reduce -5.0% |
| MKL Markel Group Inc. | 7.77% | 41,551 | $63.2M | Reduce -2.9% |
| AON Aon PLC Class A | 7.68% | 187,401 | $62.5M | Reduce -0.9% |
| ORLY O'reilly Automotive Inc. | 7.65% | 55,196 | $62.3M | Reduce -2.6% |
| KMX Carmax Inc. | 7.58% | 708,565 | $61.7M | Reduce -1.4% |
| AMAT Applied Materials Inc. | 7.08% | 279,671 | $57.7M | Add +10.9% |
| AMT American Tower Corp. | 6.73% | 277,346 | $54.8M | Reduce -1.7% |
| ECPG Encore Capital Group Inc. | 6.13% | 1,093,399 | $49.9M | Reduce -3.0% |
| CDW CDW Corp. | 5.59% | 177,999 | $45.5M | Add +1.9% |
| CCOI Cogent Communications Holdin | 5.08% | 633,322 | $41.4M | Reduce -0.9% |
| RH RH | 4.21% | 98,364 | $34.3M | Reduce -0.6% |
| NVR NVR Inc. | 3.64% | 3,663 | $29.7M | Add +21.1% |
| BAM Brookfield Asset Mgmt-A | 2.84% | 549,731 | $23.1M | Add +21.8% |
| AMWD American Woodmark Corp. | 2.68% | 214,872 | $21.8M | Reduce -37.1% |
| GOOG Alphabet Inc. Class C | 2.65% | 141,477 | $21.5M | Reduce -1.8% |
| TDG Transdigm Group Inc. | 2.59% | 17,119 | $21.1M | Add +92.9% |
| HLT Hilton Worldwide Holdings Inc. | 2.50% | 95,579 | $20.4M | Add +141.5% |
| DHR Danaher Corp. | 2.46% | 80,135 | $20.0M | Add +104.8% |
| SHEN Shenandoah Telecommunication | 2.07% | 971,231 | $16.9M | Reduce -0.6% |
| ASTS Ast Spacemobile Inc. | 1.41% | 3,953,842 | $11.5M | Reduce -0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.08% | 72,166 | $8.8M | Reduce -2.5% |
| FND Floor & Decor Holdings Inc. Class A | 0.99% | 62,276 | $8.1M | New |
| SSNC Ss&c Technologies Holdings | 0.83% | 104,689 | $6.7M | No change |
| WMG Warner Music Group Corp. Class A | 0.67% | 165,601 | $5.5M | No change |
| GOOGL Alphabet Inc. Class A | 0.13% | 6,778 | $1.0M | Reduce -26.6% |
| BNT Brookfield Reins Ltd. | 0.09% | 17,306 | $723K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| ASTS Ast Spacemobile Inc. | Reduce -0.2% | 1.41% | −1.78 |
| AMWD American Woodmark Corp. | Reduce -37.1% | 2.68% | −1.56 |
| ECPG Encore Capital Group Inc. | Reduce -3.0% | 6.13% | −1.52 |
| CCOI Cogent Communications Holdin | Reduce -0.9% | 5.08% | −1.41 |
| AMT American Tower Corp. | Reduce -1.7% | 6.73% | −1.41 |
| BN Brookfield Corp. | Reduce -5.0% | 7.86% | −0.76 |
| SHEN Shenandoah Telecommunication | Reduce -0.6% | 2.07% | −0.75 |
| MKL Markel Group Inc. | Reduce -2.9% | 7.77% | −0.35 |
| GOOG Alphabet Inc. Class C | Reduce -1.8% | 2.65% | −0.07 |
| ITOT iShares Core S&P Total U.S. | Sold out | 0.00% | −0.05 |
| GOOGL Alphabet Inc. Class A | Reduce -26.6% | 0.13% | −0.05 |
| DIS The Walt Disney Co. | Reduce -2.5% | 1.08% | +0.19 |
| KMX Carmax Inc. | Reduce -1.4% | 7.58% | +0.22 |
| AON Aon PLC Class A | Reduce -0.9% | 7.68% | +0.33 |
| RH RH | Reduce -0.6% | 4.21% | +0.36 |
| ORLY O'reilly Automotive Inc. | Reduce -2.6% | 7.65% | +0.46 |
Portfolio Buys Q4 2023 → Q1 2024
| AMAT Applied Materials Inc. | Add +10.9% | 7.08% | +1.63 |
| HLT Hilton Worldwide Holdings Inc. | Add +141.5% | 2.50% | +1.54 |
| TDG Transdigm Group Inc. | Add +92.9% | 2.59% | +1.39 |
| DHR Danaher Corp. | Add +104.8% | 2.46% | +1.25 |
| FND Floor & Decor Holdings Inc. Class A | New | 0.99% | +0.99 |
| NVR NVR Inc. | Add +21.1% | 3.64% | +0.81 |
| BAM Brookfield Asset Mgmt-A | Add +21.8% | 2.84% | +0.41 |
| CDW CDW Corp. | Add +1.9% | 5.59% | +0.28 |
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 |