Q2 2025 · 13F-HR
Broad Run Investment Management, LLCholdings as filed
Filed 2025-08-14 · accession 0001568621-25-000010
$652.8M
Reported value
24
Positions
2025-06-30
Period end
The Brief · Broad Run Investment Management, LLC · Q2 2025
AI · grounded in 13F
Broad Run Investment Management, LLC established a new position in AST SpaceMobile Inc ASTS valued at $172.1M. The fund also initiated new stakes in Brookfield Corp BN for $53.2M and Markel Corp MKL for $43.6M. Additional new positions include Aon PLC AON, O'Reilly Automotive Inc ORLY, and Cogent Communications Hldgs CCOI.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 00217D100 | ASTS | AST SPACEMOBILE INC | $172.1M | 26.4% | 3,682,428 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $53.2M | 8.15% | 860,134 | Common | SOLE |
| 570535104 | MKL | MARKEL CORP | $43.6M | 6.68% | 21,826 | Common | SOLE |
| G0403H108 | AON | AON PLC | $40.4M | 6.19% | 113,237 | Common | SOLE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $39.6M | 6.06% | 439,149 | Common | SOLE |
| 19239V302 | CCOI | COGENT COMMUNICATIONS HLDGS | $32.7M | 5.01% | 677,886 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $31.7M | 4.85% | 172,890 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $26.6M | 4.07% | 120,300 | Common | SOLE |
| 12514G108 | CDW | CDW CORP | $23.8M | 3.64% | 133,067 | Common | SOLE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $23.0M | 3.52% | 415,637 | Common | SOLE |
| 62944T105 | NVR | NVR INC | $21.6M | 3.30% | 2,921 | Common | SOLE |
| 143130102 | KMX | CARMAX INC | $21.4M | 3.27% | 318,091 | Common | SOLE |
| 292554102 | ECPG | ENCORE CAP GROUP INC | $20.8M | 3.18% | 536,099 | Common | SOLE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $17.1M | 2.62% | 64,139 | Common | SOLE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $16.4M | 2.52% | 10,801 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $14.7M | 2.25% | 82,911 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $14.0M | 2.15% | 70,935 | Common | SOLE |
| 74967X103 | RH | RH | $12.7M | 1.94% | 67,060 | Common | SOLE |
| 82312B106 | SHEN | SHENANDOAH TELECOMMUNICATION | $12.6M | 1.93% | 920,299 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $6.4M | 0.98% | 51,713 | Common | SOLE |
| 339750101 | FND | FLOOR & DECOR HLDGS INC | $4.7M | 0.72% | 62,000 | Common | SOLE |
| 759530108 | RELX | RELX PLC | $2.6M | 0.39% | 47,000 | Common | SOLE |
| G17434104 | BNT | BROOKFIELD WEALTH SOL LTD | $971,243 | 0.15% | 15,721 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $470,534 | 0.07% | 2,670 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.