Broad Run Investment Management, LLC Long-Term Concentrated

CIK: 0001568621 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value ($000): $652,810 (100.0% shares, 0.0% debt)

Holdings (24)

ASTS AST SPACEMOBILE INC 26.4%

Value ($000) $172,080 Shares 3,682,428 Est. Cost $6.51 Unrealized +344.6%

BN BROOKFIELD CORP 8.1%

Value ($000) $53,199 Shares 860,134 Est. Cost $21.90 Unrealized +68.5%

MKL MARKEL CORP 6.7%

Value ($000) $43,594 Shares 21,826 Est. Cost $597.59 Unrealized +213.8%

AON AON PLC 6.2%

Value ($000) $40,398 Shares 113,237 Est. Cost $178.56 Unrealized +102.3%

ORLY OREILLY AUTOMOTIVE INC 6.1%

Value ($000) $39,580 Shares 439,149 Est. Cost $85.24 Unrealized +7.0%

CCOI COGENT COMMUNICATIONS HLDGS 5.0%

Value ($000) $32,681 Shares 677,886 Est. Cost $53.24 Unrealized -8.5%

AMAT APPLIED MATLS INC 4.8%

Value ($000) $31,651 Shares 172,890 Est. Cost $130.69 Unrealized +20.5%

AMT AMERICAN TOWER CORP NEW 4.1%

Value ($000) $26,589 Shares 120,300 Est. Cost $65.47 Unrealized +221.3%

CDW CDW CORP 3.6%

Value ($000) $23,764 Shares 133,067 Est. Cost $146.74 Unrealized +14.6%

BAM BROOKFIELD ASSET MANAGMT LTD 3.5%

Value ($000) $22,976 Shares 415,637 Est. Cost $29.04 Unrealized +81.0%

NVR NVR INC 3.3%

Value ($000) $21,574 Shares 2,921 Est. Cost $3286.93 Unrealized +118.0%

KMX CARMAX INC 3.3%

Value ($000) $21,379 Shares 318,091 Est. Cost $52.56 Unrealized +28.0%

ECPG ENCORE CAP GROUP INC 3.2%

Value ($000) $20,752 Shares 536,099 Est. Cost $36.97 Unrealized -1.9%

HLT HILTON WORLDWIDE HLDGS INC 2.6%

Value ($000) $17,083 Shares 64,139 Est. Cost $168.73 Unrealized +40.9%

TDG TRANSDIGM GROUP INC 2.5%

Value ($000) $16,424 Shares 10,801 Est. Cost $741.62 Unrealized +77.2%

GOOG ALPHABET INC 2.3%

Value ($000) $14,708 Shares 82,911 Est. Cost $107.05 Unrealized +54.0%

DHR DANAHER CORPORATION 2.1%

Value ($000) $14,013 Shares 70,935 Est. Cost $230.89 Unrealized -16.4%

Value ($000) $12,675 Shares 67,060 Est. Cost $242.72 Unrealized -23.5%

SHEN SHENANDOAH TELECOMMUNICATION 1.9%

Value ($000) $12,571 Shares 920,299 Est. Cost $21.84 Unrealized -41.9%

DIS DISNEY WALT CO 1.0%

Value ($000) $6,413 Shares 51,713 Est. Cost $117.02 Unrealized -12.1%

FND FLOOR & DECOR HLDGS INC 0.7%

Value ($000) $4,710 Shares 62,000 Est. Cost $113.54 Unrealized -34.6%

RELX RELX PLC 0.4%

Value ($000) $2,554 Shares 47,000 Est. Cost $50.41 Unrealized —

BNT BROOKFIELD WEALTH SOL LTD 0.1%

Value ($000) $971 Shares 15,721 Est. Cost $31.31 Unrealized +18.0%

GOOGL ALPHABET INC 0.1%

Value ($000) $471 Shares 2,670 Est. Cost $106.26 Unrealized +53.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASTS	AST SPACEMOBILE INC	3,682,428	$172,080	26.4%	$6.51	+344.6%	COM CL A	00217D100
BN	BROOKFIELD CORP	860,134	$53,199	8.1%	$21.90	+68.5%	CL A LTD VT SH	11271J107
MKL	MARKEL CORP	21,826	$43,594	6.7%	$597.59	+213.8%	COM	570535104
AON	AON PLC	113,237	$40,398	6.2%	$178.56	+102.3%	SHS CL A	G0403H108
ORLY	OREILLY AUTOMOTIVE INC	439,149	$39,580	6.1%	$85.24	+7.0%	COM	67103H107
CCOI	COGENT COMMUNICATIONS HLDGS	677,886	$32,681	5.0%	$53.24	-8.5%	COM NEW	19239V302
AMAT	APPLIED MATLS INC	172,890	$31,651	4.8%	$130.69	+20.5%	COM	038222105
AMT	AMERICAN TOWER CORP NEW	120,300	$26,589	4.1%	$65.47	+221.3%	COM	03027X100
CDW	CDW CORP	133,067	$23,764	3.6%	$146.74	+14.6%	COM	12514G108
BAM	BROOKFIELD ASSET MANAGMT LTD	415,637	$22,976	3.5%	$29.04	+81.0%	CL A LMT VTG SHS	113004105
NVR	NVR INC	2,921	$21,574	3.3%	$3286.93	+118.0%	COM	62944T105
KMX	CARMAX INC	318,091	$21,379	3.3%	$52.56	+28.0%	COM	143130102
ECPG	ENCORE CAP GROUP INC	536,099	$20,752	3.2%	$36.97	-1.9%	COM	292554102
HLT	HILTON WORLDWIDE HLDGS INC	64,139	$17,083	2.6%	$168.73	+40.9%	COM	43300A203
TDG	TRANSDIGM GROUP INC	10,801	$16,424	2.5%	$741.62	+77.2%	COM	893641100
GOOG	ALPHABET INC	82,911	$14,708	2.3%	$107.05	+54.0%	CAP STK CL C	02079K107
DHR	DANAHER CORPORATION	70,935	$14,013	2.1%	$230.89	-16.4%	COM	235851102
RH	RH	67,060	$12,675	1.9%	$242.72	-23.5%	COM	74967X103
SHEN	SHENANDOAH TELECOMMUNICATION	920,299	$12,571	1.9%	$21.84	-41.9%	COM	82312B106
DIS	DISNEY WALT CO	51,713	$6,413	1.0%	$117.02	-12.1%	COM	254687106
FND	FLOOR & DECOR HLDGS INC	62,000	$4,710	0.7%	$113.54	-34.6%	CL A	339750101
RELX	RELX PLC	47,000	$2,554	0.4%	$50.41	—	SPONSORED ADR	759530108
BNT	BROOKFIELD WEALTH SOL LTD	15,721	$971	0.1%	$31.31	+18.0%	CL A EXCHANGEAB	G17434104
GOOGL	ALPHABET INC	2,670	$471	0.1%	$106.26	+53.7%	CAP STK CL A	02079K305