Broad Run Investment Management 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Broad Run Investment Management disclosed 24 US equity positions worth $652.8m in its Q2 2025 13F filing. The largest position was ASTS at 26.4% of the reported book, followed by BN and MKL. Against the Q1 2025 filing, it opened 0 new positions, added to 1 and reduced 19 among the top 24 holdings.
What did Broad Run Investment Management own in Q2 2025? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ASTS AST SPACEMOBILE INC | Technology | 26.4% | $172.1m | 3,682,428 | -2% | reduced |
| 2 | BN BROOKFIELD CORP | Financial Services | 8.1% | $53.2m | 860,134 | -15% | reduced |
| 3 | MKL MARKEL CORP | Financial Services | 6.7% | $43.6m | 21,826 | -11% | reduced |
| 4 | AON AON PLC | Financial Services | 6.2% | $40.4m | 113,237 | -3% | reduced |
| 5 | ORLY OREILLY AUTOMOTIVE INC | Consumer Cyclical | 6.1% | $39.6m | 439,149 | 1293% | added |
| 6 | CCOI COGENT COMMUNICATIONS HLDGS | Communication Services | 5.0% | $32.7m | 677,886 | -3% | reduced |
| 7 | AMAT APPLIED MATLS INC | Technology | 4.8% | $31.7m | 172,890 | -16% | reduced |
| 8 | AMT AMERICAN TOWER CORP NEW | Real Estate | 4.1% | $26.6m | 120,300 | -6% | reduced |
| 9 | CDW CDW CORP | Technology | 3.6% | $23.8m | 133,067 | -13% | reduced |
| 10 | BAM BROOKFIELD ASSET MANAGMT LTD | Financial Services | 3.5% | $23.0m | 415,637 | -8% | reduced |
| 11 | NVR NVR INC | Consumer Cyclical | 3.3% | $21.6m | 2,921 | -6% | reduced |
| 12 | KMX CARMAX INC | Consumer Cyclical | 3.3% | $21.4m | 318,091 | -9% | reduced |
| 13 | ECPG ENCORE CAP GROUP INC | Financial Services | 3.2% | $20.8m | 536,099 | -19% | reduced |
| 14 | HLT HILTON WORLDWIDE HLDGS INC | Consumer Cyclical | 2.6% | $17.1m | 64,139 | -7% | reduced |
| 15 | TDG TRANSDIGM GROUP INC | Industrials | 2.5% | $16.4m | 10,801 | -16% | reduced |
| 16 | GOOG ALPHABET INC | Communication Services | 2.3% | $14.7m | 82,911 | -9% | reduced |
| 17 | DHR DANAHER CORPORATION | Healthcare | 2.1% | $14.0m | 70,935 | 0% | held |
| 18 | RH RH | Consumer Cyclical | 1.9% | $12.7m | 67,060 | -2% | reduced |
| 19 | SHEN SHENANDOAH TELECOMMUNICATION | Communication Services | 1.9% | $12.6m | 920,299 | -1% | reduced |
| 20 | DIS DISNEY WALT CO | Communication Services | 1.0% | $6.4m | 51,713 | -10% | reduced |
| 21 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 0.7% | $4.7m | 62,000 | 0% | held |
| 22 | RELX RELX PLC | Industrials | 0.4% | $2.6m | 47,000 | 0% | held |
| 23 | BROOKFIELD WEALTH SOL LTD | 0.1% | $971.2k | 15,721 | 0% | held | |
| 24 | GOOGL ALPHABET INC | Communication Services | 0.1% | $470.5k | 2,670 | -3% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.