Broad Run Investment Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Broad Run Investment Management, LLC reported 24 stock positions worth $828.4 million. Its top holding was Ast Spacemobile (ASTS) at 12.0% of the portfolio, followed by Brookfield (BN, 8.3%) and Aon Class A (AON, 7.1%). Compared with Q2 2024, it sold out of 1 and reduced 18. The biggest sale was Applied Materials (AMAT, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON, VA
- CIK
- 0001568621
- Portfolio Value
- $828.4M (Q3 2024)
- SEC Filing
- 0001568621-24-000014 ↗ filed Nov 14, 2024
Holdings Value
Holdings 24 stocks · $828.4M
| ASTS Ast Spacemobile Inc. | 11.99% | 3,799,086 | $99.3M | Reduce -1.2% |
| BN Brookfield Corp. | 8.33% | 1,298,016 | $69.0M | Reduce -6.1% |
| AON Aon PLC Class A | 7.08% | 169,626 | $58.7M | Reduce -6.8% |
| ORLY O'reilly Automotive Inc. | 6.99% | 50,302 | $57.9M | Reduce -1.2% |
| AMT American Tower Corp. | 6.91% | 246,177 | $57.3M | Reduce -9.0% |
| CCOI Cogent Communications Holdin | 6.48% | 706,987 | $53.7M | Reduce -1.7% |
| KMX Carmax Inc. | 6.29% | 672,928 | $52.1M | Reduce -1.8% |
| MKL Markel Group Inc. | 6.27% | 33,110 | $51.9M | Reduce -7.1% |
| ECPG Encore Capital Group Inc. | 6.06% | 1,062,586 | $50.2M | Reduce -1.1% |
| AMAT Applied Materials Inc. | 5.35% | 219,453 | $44.3M | Reduce -4.2% |
| CDW CDW Corp. | 4.71% | 172,493 | $39.0M | Reduce -1.0% |
| RH RH | 3.85% | 95,251 | $31.9M | Reduce -0.9% |
| NVR NVR Inc. | 3.78% | 3,190 | $31.3M | Reduce -2.6% |
| BAM Brookfield Asset Mgmt-A | 3.06% | 535,161 | $25.3M | Reduce -0.8% |
| DHR Danaher Corp. | 2.38% | 70,935 | $19.7M | No change |
| TDG Transdigm Group Inc. | 2.38% | 13,794 | $19.7M | No change |
| HLT Hilton Worldwide Holdings Inc. | 2.35% | 84,279 | $19.4M | No change |
| GOOG Alphabet Inc. Class C | 1.95% | 96,417 | $16.1M | Reduce -5.5% |
| SHEN Shenandoah Telecommunication | 1.60% | 941,221 | $13.3M | Reduce -0.9% |
| FND Floor & Decor Holdings Inc. Class A | 0.93% | 62,000 | $7.7M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.70% | 60,563 | $5.8M | Reduce -5.6% |
| WMG Warner Music Group Corp. Class A | 0.41% | 107,601 | $3.4M | Reduce -35.0% |
| BNT Brookfield Wealth Solutions | 0.10% | 15,721 | $836K | No change |
| GOOGL Alphabet Inc. Class A | 0.06% | 2,754 | $457K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| AMAT Applied Materials Inc. | Reduce -4.2% | 5.35% | −2.05 |
| MKL Markel Group Inc. | Reduce -7.1% | 6.27% | −1.42 |
| AMWD American Woodmark Corp. | Sold out | 0.00% | −1.07 |
| CDW CDW Corp. | Reduce -1.0% | 4.71% | −0.63 |
| GOOG Alphabet Inc. Class C | Reduce -5.5% | 1.95% | −0.62 |
| KMX Carmax Inc. | Reduce -1.8% | 6.29% | −0.60 |
| SHEN Shenandoah Telecommunication | Reduce -0.9% | 1.60% | −0.52 |
| ORLY O'reilly Automotive Inc. | Reduce -1.2% | 6.99% | −0.37 |
| AMT American Tower Corp. | Reduce -9.0% | 6.91% | −0.29 |
| WMG Warner Music Group Corp. Class A | Reduce -35.0% | 0.41% | −0.29 |
| AON Aon PLC Class A | Reduce -6.8% | 7.08% | −0.23 |
| DIS The Walt Disney Co. | Reduce -5.6% | 0.70% | −0.17 |
| ECPG Encore Capital Group Inc. | Reduce -1.1% | 6.06% | −0.08 |
| BAM Brookfield Asset Mgmt-A | Reduce -0.8% | 3.06% | +0.24 |
| NVR NVR Inc. | Reduce -2.6% | 3.78% | +0.37 |
| BN Brookfield Corp. | Reduce -6.1% | 8.33% | +0.47 |
| RH RH | Reduce -0.9% | 3.85% | +0.63 |
| CCOI Cogent Communications Holdin | Reduce -1.7% | 6.48% | +0.92 |
| ASTS Ast Spacemobile Inc. | Reduce -1.2% | 11.99% | +5.88 |
Portfolio Buys Q2 2024 → Q3 2024
| 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 |