Broad Run Investment Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Broad Run Investment Management reported a $650M portfolio of 23 companies (24 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are ASTS, AMAT, SUNB.
Sections with a free account
What changed this quarter
3 positions with a change (3 trimmed). 1 is listed here: those of 0.5 points of the portfolio or more (up to 12).
- Shenandoah Telecommunications−25%fewer sharesReduced2.4% → 1.5%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- AST SpacemobileASTS19.9%
- Applied MaterialsAMAT16.4%
- Sunbelt Rentals HoldingsSUNB7.9%
- BrookfieldBN7.9%
- Markel GroupMKL6.2%
- O Reilly AutomotiveORLY5.3%
- AonAON5.1%
- Brookfield Asset ManagementBAM4.2%
- Hilton Worldwide HoldingsHLT3.3%
- AlphabetGOOG · GOOGL3.1%
- NVRNVR2.8%
- CDWCDW2.7%
- American TowerAMT2.6%
- CarmaxKMX2.3%
- TransDigm GroupTDG2.2%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Communication Services 26%
- ● Financials 24%
- ● Information Technology 19%
- ● Consumer Discretionary 16%
- ● Industrials 10%
- ● Real Estate 3%
- ● Health Care 2%
How its portfolio changed (8 quarters)
Q2 2026: 24
Q2 2026: 79%
Q2 2026: 0.3%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 20, 2026 (high confidence).
The data, as reported: BROAD RUN INVESTMENT MANAGEMENT, LLC (CRD 165067): Manages registered funds; 5.D assets by client type: registered funds 75%, high net worth 20% (of $682M)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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