Broad Run Investment Management 13F, Q4 2023
Broad Run Investment · quarter ending 31 December 2023 · filed 14 February 2024 · SEC CIK 1568621
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
The 25 largest of 26 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| BROOKFIELD CORP | BN | $64.50M | 8.6% | -16% shares |
| AMERICAN TOWER CORP NEW | AMT | $60.91M | 8.1% | -16% shares |
| MARKEL CORP | MKL | $60.77M | 8.1% | -7% shares |
| ENCORE CAP GROUP INC | ECPG | $57.19M | 7.6% | -9% shares |
| CARMAX INC | KMX | $55.12M | 7.4% | -11% shares |
| AON PLC | $55.04M | 7.4% | -13% shares | |
| OREILLY AUTOMOTIVE INC | ORLY | $53.85M | 7.2% | -13% shares |
| COGENT COMMUNICATIONS HLDGS | CCOI | $48.59M | 6.5% | -5% shares |
| APPLIED MATLS INC | AMAT | $40.86M | 5.5% | -6% shares |
| CDW CORP | CDW | $39.72M | 5.3% | -11% shares |
| AMERICAN WOODMARK CORPORATIO | AHQ | $31.75M | 4.2% | -34% shares |
| RH | RH | $28.83M | 3.9% | -10% shares |
| AST SPACEMOBILE INC | ASTS | $23.90M | 3.2% | +75% shares |
| NVR INC | NVR | $21.18M | 2.8% | -14% shares |
| SHENANDOAH TELECOMMUNICATION | SHEN | $21.13M | 2.8% | -4% shares |
| ALPHABET INC | GOOG | $20.30M | 2.7% | -21% shares |
| BROOKFIELD ASSET MANAGMT LTD | BAM | $18.13M | 2.4% | -8% shares |
| DANAHER CORPORATION | DHR | $9.05M | 1.2% | +88% shares |
| TRANSDIGM GROUP INC | TDG | $8.98M | 1.2% | unchanged |
| HILTON WORLDWIDE HLDGS INC | HLT | $7.21M | 1.0% | unchanged |
| DISNEY WALT CO | DIS | $6.68M | 0.9% | -18% shares |
| SS&C TECHNOLOGIES HLDGS INC | SSNC | $6.40M | 0.8% | -70% shares |
| WARNER MUSIC GROUP CORP | WMG | $5.93M | 0.8% | unchanged |
| ALPHABET INC | GOOGL | $1.29M | 0.2% | unchanged |
| BROOKFIELD REINS LTD | $698.6K | 0.1% | unchanged |
What changed since Q3 2023
Against the Q3 2023 filing, Broad Run Investment Management opened 1 new position, added to 2, trimmed 18, left 5 unchanged and exited 0. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001568621-24-000005, filed by Broad Run Investment Management, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.