Q4 2025 · 13F-HR
Broad Run Investment Management, LLCholdings as filed
Filed 2026-02-17 · accession 0001568621-26-000003
$538.5M
Reported value
24
Positions
2025-12-31
Period end
The Brief · Broad Run Investment Management, LLC · Q4 2025
AI · grounded in 13F
Broad Run Investment Management, LLC reduced its position in ASTS by 55.82%. The fund established a new position in ITOT valued at $2.77M. Additionally, the manager increased holdings in BNT and BN by 49.99% and 49.81%, respectively.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 00217D100 | ASTS | AST SPACEMOBILE INC | $114.2M | 21.2% | 1,571,837 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $55.8M | 10.4% | 1,214,963 | Common | SOLE |
| 570535104 | MKL | MARKEL CORP | $44.1M | 8.19% | 20,525 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $40.4M | 7.50% | 157,103 | Common | SOLE |
| G0403H108 | AON | AON PLC | $37.6M | 6.98% | 106,567 | Common | SOLE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $36.4M | 6.75% | 398,754 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $21.3M | 3.96% | 67,914 | Common | SOLE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $21.1M | 3.92% | 403,356 | Common | SOLE |
| 62944T105 | NVR | NVR INC | $20.3M | 3.77% | 2,783 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $19.3M | 3.58% | 109,875 | Common | SOLE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $18.4M | 3.42% | 64,139 | Common | SOLE |
| 12514G108 | CDW | CDW CORP | $17.1M | 3.18% | 125,837 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $16.2M | 3.02% | 70,935 | Common | SOLE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $14.4M | 2.67% | 10,801 | Common | SOLE |
| 19239V302 | CCOI | COGENT COMMUNICATIONS HLDGS | $14.3M | 2.66% | 663,700 | Common | SOLE |
| 74967X103 | RH | RH | $11.4M | 2.11% | 63,554 | Common | SOLE |
| 143130102 | KMX | CARMAX INC | $11.0M | 2.05% | 285,542 | Common | SOLE |
| 82312B106 | SHEN | SHENANDOAH TELECOMMUNICATION | $10.3M | 1.91% | 891,096 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $4.5M | 0.84% | 39,806 | Common | SOLE |
| 339750101 | FND | FLOOR & DECOR HLDGS INC | $3.8M | 0.70% | 62,000 | Common | SOLE |
| 464287150 | ITOT | ISHARES TR | $2.8M | 0.52% | 18,657 | Common | SOLE |
| 759530108 | RELX | RELX PLC | $1.9M | 0.35% | 47,000 | Common | SOLE |
| G17434104 | BNT | BROOKFIELD WEALTH SOL LTD | $1.1M | 0.20% | 23,581 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $793,455 | 0.15% | 2,535 | 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.