Broad Run Investment Management 13F, Q1 2025
Broad Run Investment · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1568621
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| AST SPACEMOBILE INC | ASTS | $85.42M | 14.3% | unchanged |
| BROOKFIELD CORP | BN | $52.77M | 8.8% | -6% shares |
| AON PLC | $46.73M | 7.8% | -27% shares | |
| MARKEL CORP | MKL | $45.63M | 7.6% | -26% shares |
| OREILLY AUTOMOTIVE INC | ORLY | $45.17M | 7.5% | -31% shares |
| COGENT COMMUNICATIONS HLDGS | CCOI | $42.80M | 7.1% | unchanged |
| APPLIED MATLS INC | AMAT | $29.81M | 5.0% | -6% shares |
| AMERICAN TOWER CORP NEW | AMT | $27.83M | 4.7% | -39% shares |
| CARMAX INC | KMX | $27.14M | 4.5% | -32% shares |
| CDW CORP | CDW | $24.47M | 4.1% | -11% shares |
| ENCORE CAP GROUP INC | ECPG | $22.65M | 3.8% | -30% shares |
| NVR INC | NVR | $22.45M | 3.8% | -2% shares |
| BROOKFIELD ASSET MANAGMT LTD | BAM | $21.93M | 3.7% | -4% shares |
| TRANSDIGM GROUP INC | TDG | $17.71M | 3.0% | -7% shares |
| RH | RH | $16.05M | 2.7% | -7% shares |
| HILTON WORLDWIDE HLDGS INC | HLT | $15.62M | 2.6% | -15% shares |
| DANAHER CORPORATION | DHR | $14.54M | 2.4% | unchanged |
| ALPHABET INC | GOOG | $14.30M | 2.4% | -2% shares |
| SHENANDOAH TELECOMMUNICATION | SHEN | $11.74M | 2.0% | unchanged |
| DISNEY WALT CO | DIS | $5.66M | 0.9% | -2% shares |
| FLOOR & DECOR HLDGS INC | FND | $4.99M | 0.8% | unchanged |
| RELX PLC | RELX | $2.37M | 0.4% | new |
| BROOKFIELD WEALTH SOL LTD | $820.3K | 0.1% | unchanged | |
| ALPHABET INC | GOOGL | $425.9K | 0.1% | unchanged |
What changed since Q4 2024
Against the Q4 2024 filing, Broad Run Investment Management opened 1 new position, added to 0, trimmed 16, left 7 unchanged and exited 1. 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 0001568621-25-000007, 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.