Broad Run Investment Management, LLC
Broad Run Investment Management, LLC reported 24 US-listed holdings worth $649.7 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Ast Spacemobile Inc. (19.9%), Applied Materials Inc. (16.4%) and Sunbelt Rentals Holdings Inc. (7.9%). Against the quarter before, it opened 0 positions, added to 0, trimmed 17 and sold out of 0.
The 14 largest of its 24 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +40.1% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Trimmed 17
- Shenandoah Telecommunications Co. SHEN-219,697 shares · -25%
- Ast Spacemobile Inc. ASTS-7,125 shares · -0%
- Applied Materials Inc. AMAT-808 shares · -1%
- Alphabet Inc. GOOG-1,128 shares · -2%
- Brookfield Corporation BN-6,766 shares · -1%
- Markel CP Hldg Co. MKL-131 shares · -1%
- Sunbelt Rentals Holdings Inc. SUNB-2,452 shares · -0%
- O'Reilly Automotive, Inc. ORLY-1,871 shares · -0%
and 9 more in the table below
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Ast Spacemobile Inc. ASTS | 1.5M | $129.4 million | 19.91% | -7.1K |
| Applied Materials Inc. AMAT | 147.5K | $106.7 million | 16.41% | -808 |
| Sunbelt Rentals Holdings Inc. SUNB | 702.1K | $51.4 million | 7.90% | -2.5K |
| Brookfield Corporation BN | 1.2M | $51.3 million | 7.89% | -6.8K |
| Markel CP Hldg Co. MKL | 20.6K | $40.2 million | 6.19% | -131 |
| O'Reilly Automotive, Inc. ORLY | 376.8K | $34.7 million | 5.34% | -1.9K |
| Aon plc AON | 100.7K | $33.4 million | 5.14% | -507 |
| Brookfield Asset Management Ltd. BAM | 602.7K | $27.0 million | 4.16% | -928 |
| Hilton Worldwide Holdings Inc. HLT | 64.1K | $21.2 million | 3.26% | no change |
| Alphabet Inc. GOOG | 54.4K | $19.2 million | 2.96% | -1.1K |
| NVR Inc. NVR | 2.7K | $18.1 million | 2.79% | -11 |
| CDW Corp. CDW | 124.3K | $17.5 million | 2.69% | -301 |
| American Tower Corp. AMT | 105.0K | $17.2 million | 2.64% | -573 |
| Carmax Inc. KMX | 283.2K | $15.0 million | 2.31% | -1.2K |
| TransDigm Group Inc. TDG | 10.8K | $14.4 million | 2.21% | no change |
| Danaher Corp. DHR | 70.9K | $13.5 million | 2.08% | no change |
| RH RH | 62.4K | $10.3 million | 1.58% | -177 |
| Shenandoah Telecommunications Co. SHEN | 658.6K | $9.9 million | 1.53% | -219.7K |
| Cogent Communications Holdings, Inc. CCOI | 660.1K | $9.2 million | 1.41% | -3.1K |
| Floor & Decor Holdings, Inc. FND | 62.0K | $3.7 million | 0.57% | no change |
| Walt Disney Co. DIS | 33.6K | $3.2 million | 0.50% | -711 |
| RELX PLC RELX | 47.0K | $1.5 million | 0.23% | no change |
| Brookfield Wealth Sol Ltd BNT | 23.6K | $1.0 million | 0.15% | no change |
| Alphabet Inc. GOOGL | 2.5K | $905,933 | 0.14% | no change |