1y return+28.1%S&P 500 +20.9%
3y return+74.1%S&P 500 +68.5%
5y return+50.5%S&P 500 +74.5%
10y return+209.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $310 against $357 in the S&P 500.2
Broad Run Investment Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| ASTSAst Spacemobile Inc | $129.4M | 19.9% | |
| AMATApplied Matls Inc | $106.7M | 16.4% | |
| SUNBSunbelt Rentals Holdings Inc | $51.4M | 7.9% | |
| BNBrookfield Corp | $51.3M | 7.9% | |
| MKLMarkel Corp | $40.2M | 6.2% | |
| ORLYOreilly Automotive Inc | $34.7M | 5.3% | |
| Aon PLCCUSIP G0403H108 | $33.4M | 5.1% | |
| BAMBrookfield Asset Managmt Ltd | $27.0M | 4.2% | |
| HLTHilton Worldwide Hldgs Inc | $21.2M | 3.3% | |
| GOOGAlphabet Inc | $19.2M | 3.0% | −2.0% |
| NVRNvr Inc | $18.1M | 2.8% | |
| CDWCdw Corp | $17.5M | 2.7% | |
| AMTAmerican Tower Corp New | $17.2M | 2.6% | |
| KMXCarmax Inc | $15.0M | 2.3% | |
| TDGTransdigm Group Inc | $14.4M | 2.2% | |
| DHRDanaher Corporation | $13.5M | 2.1% | |
| RHRh | $10.3M | 1.6% | |
| SHENShenandoah Telecommunication | $9.9M | 1.5% | −25.0% |
| CCOICogent Communications Hldgs | $9.2M | 1.4% | |
| FNDFloor & Decor Hldgs Inc | $3.7M | 0.6% | |
| DISDisney Walt Co | $3.2M | 0.5% | −2.1% |
| RELXRelx PLC | $1.5M | 0.2% | |
| Brookfield Wealth Sol LtdCUSIP G17434104 | $1.0M | 0.2% | |
| GOOGLAlphabet Inc | $906K | 0.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AMATApplied Matls Inc | September 30, 2021 | +461.6% | $106.7M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $906K |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $19.2M |
| ORLYOreilly Automotive Inc | June 30, 2020 | +227.6% | $34.7M |
| HLTHilton Worldwide Hldgs Inc | December 31, 2022 | +161.5% | $21.2M |
| MKLMarkel Corp | June 30, 2020 | +111.6% | $40.2M |
| TDGTransdigm Group Inc | December 31, 2022 | +111.6% | $14.4M |
| NVRNvr Inc | June 30, 2020 | +109.1% | $18.1M |
| Aon PLCCUSIP G0403H108 | June 30, 2020 | +72.2% | $33.4M |
| BAMBrookfield Asset Managmt Ltd | December 31, 2022 | +56.4% | $27.0M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +15.4% | +14.8% |
| March 31, 2026 | +0.1% | −4.6% |
| December 31, 2025 | +9.0% | +2.4% |
| September 30, 2025 | +1.8% | +7.8% |
| June 30, 2025 | +17.6% | +10.5% |
| March 31, 2025 | −3.5% | −4.6% |
| December 31, 2024 | −3.6% | +2.1% |
| September 30, 2024 | +18.8% | +5.4% |
| June 30, 2024 | −5.7% | +4.0% |
| March 31, 2024 | +4.7% | +10.0% |
| December 31, 2023 | +11.9% | +11.2% |
| September 30, 2023 | −5.3% | −3.6% |
| June 30, 2023 | +9.6% | +8.3% |
| March 31, 2023 | +5.2% | +7.0% |
| December 31, 2022 | −0.9% | +7.1% |
| September 30, 2022 | −10.8% | −5.3% |
| June 30, 2022 | −14.5% | −16.5% |
| March 31, 2022 | −8.4% | −4.9% |
| December 31, 2021 | +7.1% | +10.7% |
| September 30, 2021 | +1.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Broad Run Investment Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1568621&type=13F-HR&dateb=&owner=include&count=40CIK 1568621
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1568621/000156862126000009/Filed August 14, 2026 · accession 0001568621-26-000009