Broad Run Investment Management 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Broad Run Investment Management disclosed 24 US equity positions worth $610.9m in its Q3 2025 13F filing. The largest position was ASTS at 28.6% of the reported book, followed by BN and ORLY. Against the Q2 2025 filing, it opened 0 new positions, added to 0 and reduced 18 among the top 24 holdings.
What did Broad Run Investment Management own in Q3 2025? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ASTS AST SPACEMOBILE INC | Technology | 28.6% | $174.6m | 3,557,413 | -3% | reduced |
| 2 | BN BROOKFIELD CORP | Financial Services | 9.1% | $55.6m | 811,015 | -6% | reduced |
| 3 | ORLY OREILLY AUTOMOTIVE INC | Consumer Cyclical | 7.1% | $43.1m | 399,595 | -9% | reduced |
| 4 | MKL MARKEL CORP | Financial Services | 6.4% | $39.3m | 20,547 | -6% | reduced |
| 5 | AON AON PLC | Financial Services | 6.2% | $38.0m | 106,617 | -6% | reduced |
| 6 | AMAT APPLIED MATLS INC | Technology | 5.4% | $33.2m | 162,214 | -6% | reduced |
| 7 | CCOI COGENT COMMUNICATIONS HLDGS | Communication Services | 4.0% | $24.7m | 644,030 | -5% | reduced |
| 8 | BAM BROOKFIELD ASSET MANAGMT LTD | Financial Services | 3.8% | $23.0m | 403,610 | -3% | reduced |
| 9 | NVR NVR INC | Consumer Cyclical | 3.7% | $22.4m | 2,786 | -5% | reduced |
| 10 | AMT AMERICAN TOWER CORP NEW | Real Estate | 3.5% | $21.6m | 112,276 | -7% | reduced |
| 11 | CDW CDW CORP | Technology | 3.4% | $20.5m | 128,518 | -3% | reduced |
| 12 | HLT HILTON WORLDWIDE HLDGS INC | Consumer Cyclical | 2.7% | $16.6m | 64,139 | 0% | held |
| 13 | GOOG ALPHABET INC | Communication Services | 2.7% | $16.6m | 68,209 | -18% | reduced |
| 14 | TDG TRANSDIGM GROUP INC | Industrials | 2.3% | $14.2m | 10,801 | 0% | held |
| 15 | DHR DANAHER CORPORATION | Healthcare | 2.3% | $14.1m | 70,935 | 0% | held |
| 16 | KMX CARMAX INC | Consumer Cyclical | 2.2% | $13.5m | 300,111 | -6% | reduced |
| 17 | RH RH | Consumer Cyclical | 2.1% | $13.1m | 64,603 | -4% | reduced |
| 18 | SHEN SHENANDOAH TELECOMMUNICATION | Communication Services | 2.0% | $12.0m | 897,475 | -2% | reduced |
| 19 | DIS DISNEY WALT CO | Communication Services | 0.8% | $4.8m | 42,094 | -19% | reduced |
| 20 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 0.7% | $4.6m | 62,000 | 0% | held |
| 21 | RELX RELX PLC | Industrials | 0.4% | $2.2m | 47,000 | 0% | held |
| 22 | ECPG ENCORE CAP GROUP INC | Financial Services | 0.2% | $1.5m | 35,733 | -93% | reduced |
| 23 | BROOKFIELD WEALTH SOL LTD | 0.2% | $1.1m | 15,721 | 0% | held | |
| 24 | GOOGL ALPHABET INC | Communication Services | 0.1% | $616.3k | 2,535 | -5% | 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.