Broad Run Investment Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Broad Run Investment Management, LLC reported 25 stock positions worth $730.2 million. Its top holding was Brookfield (BN) at 7.9% of the portfolio, followed by Markel (MKL, 7.7%) and Applied Materials (AMAT, 7.4%). Compared with Q1 2024, it sold out of 1, added to 1 and reduced 23. The biggest buy was Cogent Communications Holdin (CCOI, shares +14%) and the biggest sale American Woodmark (AMWD, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON, VA
- CIK
- 0001568621
- Portfolio Value
- $730.2M (Q2 2024)
- SEC Filing
- 0001568621-24-000008 ↗ filed Aug 14, 2024
Holdings Value
Holdings 25 stocks · $730.2M
| BN Brookfield Corp. | 7.86% | 1,381,815 | $57.4M | Reduce -9.5% |
| MKL Markel Group Inc. | 7.69% | 35,645 | $56.2M | Reduce -14.2% |
| AMAT Applied Materials Inc. | 7.40% | 228,974 | $54.0M | Reduce -18.1% |
| ORLY O'reilly Automotive Inc. | 7.36% | 50,923 | $53.8M | Reduce -7.7% |
| AON Aon PLC Class A | 7.31% | 181,919 | $53.4M | Reduce -2.9% |
| AMT American Tower Corp. | 7.20% | 270,520 | $52.6M | Reduce -2.5% |
| KMX Carmax Inc. | 6.88% | 685,229 | $50.3M | Reduce -3.3% |
| ECPG Encore Capital Group Inc. | 6.14% | 1,074,765 | $44.8M | Reduce -1.7% |
| ASTS Ast Spacemobile Inc. | 6.12% | 3,846,304 | $44.7M | Reduce -2.7% |
| CCOI Cogent Communications Holdin | 5.56% | 719,263 | $40.6M | Add +13.6% |
| CDW CDW Corp. | 5.34% | 174,207 | $39.0M | Reduce -2.1% |
| NVR NVR Inc. | 3.41% | 3,277 | $24.9M | Reduce -10.5% |
| RH RH | 3.22% | 96,163 | $23.5M | Reduce -2.2% |
| BAM Brookfield Asset Mgmt-A | 2.81% | 539,662 | $20.5M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 2.56% | 102,046 | $18.7M | Reduce -27.9% |
| HLT Hilton Worldwide Holdings Inc. | 2.52% | 84,279 | $18.4M | Reduce -11.8% |
| DHR Danaher Corp. | 2.43% | 70,935 | $17.7M | Reduce -11.5% |
| TDG Transdigm Group Inc. | 2.41% | 13,794 | $17.6M | Reduce -19.4% |
| SHEN Shenandoah Telecommunication | 2.12% | 949,801 | $15.5M | Reduce -2.2% |
| AMWD American Woodmark Corp. | 1.07% | 99,807 | $7.8M | Reduce -53.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.87% | 64,168 | $6.4M | Reduce -11.1% |
| FND Floor & Decor Holdings Inc. Class A | 0.84% | 62,000 | $6.2M | Reduce -0.4% |
| WMG Warner Music Group Corp. Class A | 0.70% | 165,601 | $5.1M | No change |
| BNT Brookfield Reins Ltd. | 0.09% | 15,721 | $654K | Reduce -9.2% |
| GOOGL Alphabet Inc. Class A | 0.07% | 2,754 | $502K | Reduce -59.4% |
Portfolio Sells Q1 2024 → Q2 2024
| AMWD American Woodmark Corp. | Reduce -53.5% | 1.07% | −1.61 |
| RH RH | Reduce -2.2% | 3.22% | −0.99 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −0.83 |
| KMX Carmax Inc. | Reduce -3.3% | 6.88% | −0.70 |
| AON Aon PLC Class A | Reduce -2.9% | 7.31% | −0.37 |
| ORLY O'reilly Automotive Inc. | Reduce -7.7% | 7.36% | −0.29 |
| CDW CDW Corp. | Reduce -2.1% | 5.34% | −0.25 |
| NVR NVR Inc. | Reduce -10.5% | 3.41% | −0.24 |
| DIS The Walt Disney Co. | Reduce -11.1% | 0.87% | −0.21 |
| TDG Transdigm Group Inc. | Reduce -19.4% | 2.41% | −0.18 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -0.4% | 0.84% | −0.15 |
| GOOG Alphabet Inc. Class C | Reduce -27.9% | 2.56% | −0.08 |
| MKL Markel Group Inc. | Reduce -14.2% | 7.69% | −0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -59.4% | 0.07% | −0.06 |
| DHR Danaher Corp. | Reduce -11.5% | 2.43% | −0.03 |
| BAM Brookfield Asset Mgmt-A | Reduce -1.8% | 2.81% | −0.03 |
| BNT Brookfield Reins Ltd. | Reduce -9.2% | 0.09% | +0.00 |
| BN Brookfield Corp. | Reduce -9.5% | 7.86% | +0.01 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -11.8% | 2.52% | +0.01 |
| ECPG Encore Capital Group Inc. | Reduce -1.7% | 6.14% | +0.02 |
| SHEN Shenandoah Telecommunication | Reduce -2.2% | 2.12% | +0.05 |
| AMAT Applied Materials Inc. | Reduce -18.1% | 7.40% | +0.32 |
| AMT American Tower Corp. | Reduce -2.5% | 7.20% | +0.47 |
| ASTS Ast Spacemobile Inc. | Reduce -2.7% | 6.12% | +4.71 |
Portfolio Buys Q1 2024 → Q2 2024
| CCOI Cogent Communications Holdin | Add +13.6% | 5.56% | +0.48 |
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 |