— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Broad Run Investment Management, LLC

Q4 2025 · Filed 2026-02-17
Market Value
$516M
-12.0%
Holdings
23
+1
New Purchases
1
Added To
2
Closed
1
Reduced
13
Top 10 Concentration
79.0%
Turnover
8.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AMAT 7.82% 5.66% +2.16% $40M
MKL 8.55% 6.69% +1.85% $44M
BN 10.80% 9.48% +1.32% $56M
GOOG 4.13% 2.83% +1.30% $21M
AON 7.28% 6.48% +0.81% $38M
DHR 3.15% 2.40% +0.75% $16M
HLT 3.57% 2.84% +0.73% $18M
ITOT 0.54% 0.00% +0.54% $3M
TDG 2.78% 2.43% +0.36% $14M
NVR 3.93% 3.81% +0.12% $20M
AMT 3.74% 3.68% +0.06% $19M
DIS 0.88% 0.82% +0.06% $5M
GOOGL 0.15% 0.11% +0.05% $793K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ASTS 22.11% 29.75% -7.64% $114M
CCOI 2.77% 4.21% -1.44% $14M
ORLY 7.05% 7.34% -0.30% $36M
ECPG 0.00% 0.25% -0.25% $0
CDW 3.32% 3.49% -0.17% $17M
KMX 2.14% 2.29% -0.16% $11M
SHEN 2.00% 2.05% -0.06% $10M
FND 0.73% 0.78% -0.05% $4M
RH 2.21% 2.24% -0.03% $11M
RELX 0.37% 0.38% -0.01% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $62M 12.1%
Large Cap 14 $403M 78.1%
Mid Cap 3 $26M 5.1%
Small Cap 3 $25M 4.8%

Portfolio Analytics

Avg Market Cap
$460.8B
Median Market Cap
$67.9B
Avg P/E
27.8
Median P/E
26.0
Avg Dividend Yield
0.01%
Avg Beta
1.15
# Stocks
22
# ETFs / Funds
1

Top Holdings (23 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ASTS 22.11% 1,571,837 $114M $72.63 -$60M -1,985,576 -55.8%
2 BN 10.80% 1,214,963 $56M $45.89 $135K +403,948 +49.8%
3 MKL 8.55% 20,525 $44M $2,149.65 $5M -22 -0.1%
4 AMAT 7.82% 157,103 $40M $256.99 $7M -5,111 -3.1%
5 AON 7.28% 106,567 $38M $352.88 -$412K -50 -0.1%
6 ORLY 7.05% 398,754 $36M $91.21 -$7M -841 -0.2%
7 GOOG 4.13% 67,914 $21M $313.80 $5M -295 -0.4%
8 NVR 3.93% 2,783 $20M $7,292.77 -$2M -3 -0.1%
9 AMT 3.74% 109,875 $19M $175.57 -$2M -2,401 -2.1%
10 HLT 3.57% 64,139 $18M $287.25 $2M
11 CDW 3.32% 125,837 $17M $136.20 -$3M -2,681 -2.1%
12 DHR 3.15% 70,935 $16M $228.92 $2M
13 TDG 2.78% 10,801 $14M $1,329.85 $128K
14 CCOI 2.77% 663,700 $14M $21.56 -$10M +19,670 +3.0%
15 RH 2.21% 63,554 $11M $179.15 -$2M -1,049 -1.6%
16 KMX 2.14% 285,542 $11M $38.64 -$2M -14,569 -4.8%
17 SHEN 2.00% 891,096 $10M $11.56 -$2M -6,379 -0.7%
18 DIS 0.88% 39,806 $5M $113.77 -$291K -2,288 -5.4%
19 FND 0.73% 62,000 $4M $60.89 -$794K
20 ITOT 0.54% 18,657 $3M $148.69 +18,657 NEW
21 RELX 0.37% 47,000 $2M $40.42 -$345K
22 GOOGL 0.15% 2,535 $793K $313.00 $177K
23 ECPG —% -$1M -35,733 -100.0% SOLD

New Positions

SymbolValue% Port
ITOT $3M 0.54%

Sold Out Positions

SymbolValue% Port
ECPG —%
View SEC EDGAR Filings for Broad Run Investment Management, LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms