Broad Run Investment Management, LLC Long-Term Concentrated

CIK: 0001568621 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $610,933 (100.0% shares, 0.0% debt)

Holdings (24)

ASTS AST SPACEMOBILE INC 28.6%

Value ($000) $174,598 Shares 3,557,413 Est. Cost $6.51 Unrealized +640.2%

BN BROOKFIELD CORP 9.1%

Value ($000) $55,619 Shares 811,015 Est. Cost $21.90 Unrealized +101.8%

ORLY OREILLY AUTOMOTIVE INC 7.1%

Value ($000) $43,080 Shares 399,595 Est. Cost $85.24 Unrealized +17.9%

MKL MARKEL CORP 6.4%

Value ($000) $39,273 Shares 20,547 Est. Cost $597.59 Unrealized +228.1%

AON AON PLC 6.2%

Value ($000) $38,017 Shares 106,617 Est. Cost $178.56 Unrealized +102.5%

AMAT APPLIED MATLS INC 5.4%

Value ($000) $33,212 Shares 162,214 Est. Cost $130.69 Unrealized +38.3%

CCOI COGENT COMMUNICATIONS HLDGS 4.0%

Value ($000) $24,699 Shares 644,030 Est. Cost $53.24 Unrealized -23.0%

BAM BROOKFIELD ASSET MANAGMT LTD 3.8%

Value ($000) $22,982 Shares 403,610 Est. Cost $29.04 Unrealized +102.1%

NVR NVR INC 3.7%

Value ($000) $22,385 Shares 2,786 Est. Cost $3286.93 Unrealized +141.9%

AMT AMERICAN TOWER CORP NEW 3.5%

Value ($000) $21,593 Shares 112,276 Est. Cost $65.47 Unrealized +212.4%

CDW CDW CORP 3.4%

Value ($000) $20,470 Shares 128,518 Est. Cost $146.74 Unrealized +15.0%

HLT HILTON WORLDWIDE HLDGS INC 2.7%

Value ($000) $16,640 Shares 64,139 Est. Cost $168.73 Unrealized +60.1%

GOOG ALPHABET INC 2.7%

Value ($000) $16,612 Shares 68,209 Est. Cost $107.05 Unrealized +96.1%

TDG TRANSDIGM GROUP INC 2.3%

Value ($000) $14,236 Shares 10,801 Est. Cost $741.62 Unrealized +84.0%

DHR DANAHER CORPORATION 2.3%

Value ($000) $14,064 Shares 70,935 Est. Cost $230.89 Unrealized -14.1%

KMX CARMAX INC 2.2%

Value ($000) $13,466 Shares 300,111 Est. Cost $52.56 Unrealized +13.6%

Value ($000) $13,125 Shares 64,603 Est. Cost $242.72 Unrealized -10.5%

SHEN SHENANDOAH TELECOMMUNICATION 2.0%

Value ($000) $12,044 Shares 897,475 Est. Cost $21.84 Unrealized -37.1%

DIS DISNEY WALT CO 0.8%

Value ($000) $4,820 Shares 42,094 Est. Cost $117.02 Unrealized -0.0%

FND FLOOR & DECOR HLDGS INC 0.7%

Value ($000) $4,569 Shares 62,000 Est. Cost $113.54 Unrealized -27.8%

RELX RELX PLC 0.4%

Value ($000) $2,245 Shares 47,000 Est. Cost $50.41 Unrealized —

ECPG ENCORE CAP GROUP INC 0.2%

Value ($000) $1,491 Shares 35,733 Est. Cost $36.97 Unrealized +11.1%

BNT BROOKFIELD WEALTH SOL LTD 0.2%

Value ($000) $1,077 Shares 15,721 Est. Cost $31.31 Unrealized +41.3%

GOOGL ALPHABET INC 0.1%

Value ($000) $616 Shares 2,535 Est. Cost $106.26 Unrealized +96.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASTS	AST SPACEMOBILE INC	3,557,413	$174,598	28.6%	$6.51	+640.2%	COM CL A	00217D100
BN	BROOKFIELD CORP	811,015	$55,619	9.1%	$21.90	+101.8%	CL A LTD VT SH	11271J107
ORLY	OREILLY AUTOMOTIVE INC	399,595	$43,080	7.1%	$85.24	+17.9%	COM	67103H107
MKL	MARKEL CORP	20,547	$39,273	6.4%	$597.59	+228.1%	COM	570535104
AON	AON PLC	106,617	$38,017	6.2%	$178.56	+102.5%	SHS CL A	G0403H108
AMAT	APPLIED MATLS INC	162,214	$33,212	5.4%	$130.69	+38.3%	COM	038222105
CCOI	COGENT COMMUNICATIONS HLDGS	644,030	$24,699	4.0%	$53.24	-23.0%	COM NEW	19239V302
BAM	BROOKFIELD ASSET MANAGMT LTD	403,610	$22,982	3.8%	$29.04	+102.1%	CL A LMT VTG SHS	113004105
NVR	NVR INC	2,786	$22,385	3.7%	$3286.93	+141.9%	COM	62944T105
AMT	AMERICAN TOWER CORP NEW	112,276	$21,593	3.5%	$65.47	+212.4%	COM	03027X100
CDW	CDW CORP	128,518	$20,470	3.4%	$146.74	+15.0%	COM	12514G108
HLT	HILTON WORLDWIDE HLDGS INC	64,139	$16,640	2.7%	$168.73	+60.1%	COM	43300A203
GOOG	ALPHABET INC	68,209	$16,612	2.7%	$107.05	+96.1%	CAP STK CL C	02079K107
TDG	TRANSDIGM GROUP INC	10,801	$14,236	2.3%	$741.62	+84.0%	COM	893641100
DHR	DANAHER CORPORATION	70,935	$14,064	2.3%	$230.89	-14.1%	COM	235851102
KMX	CARMAX INC	300,111	$13,466	2.2%	$52.56	+13.6%	COM	143130102
RH	RH	64,603	$13,125	2.1%	$242.72	-10.5%	COM	74967X103
SHEN	SHENANDOAH TELECOMMUNICATION	897,475	$12,044	2.0%	$21.84	-37.1%	COM	82312B106
DIS	DISNEY WALT CO	42,094	$4,820	0.8%	$117.02	-0.0%	COM	254687106
FND	FLOOR & DECOR HLDGS INC	62,000	$4,569	0.7%	$113.54	-27.8%	CL A	339750101
RELX	RELX PLC	47,000	$2,245	0.4%	$50.41	—	SPONSORED ADR	759530108
ECPG	ENCORE CAP GROUP INC	35,733	$1,491	0.2%	$36.97	+11.1%	COM	292554102
BNT	BROOKFIELD WEALTH SOL LTD	15,721	$1,077	0.2%	$31.31	+41.3%	CL A EXCHANGEAB	G17434104
GOOGL	ALPHABET INC	2,535	$616	0.1%	$106.26	+96.9%	CAP STK CL A	02079K305