Broad Run Investment Management, LLC

Q3 2025 13F-HR Holdings

Location
Arlington, VA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
24
Total value ($000)
$610,933
Net value change ($000)
-41,877 (-6.4%)
New positions
0
Sold out positions
0
Turnover %
0.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ORLY 3,500 8.8%
ASTS 2,518 1.5%
BN 2,420 4.5%
GOOGL 1,904 12.9%
AMAT 1,561 4.9%
NVR 811 3.8%
RH 450 3.6%
GOOGL 145 30.8%
BROOKFIELD WEALTH SOL LTD 106 10.9%
DHR 51 0.4%
Top Reduces (Value $000, Stocks/ETFs)
ECPG -19,261 -92.8%
CCOI -7,982 -24.4%
KMX -7,913 -37.0%
AMT -4,996 -18.8%
MKL -4,321 -9.9%
CDW -3,294 -13.9%
AON -2,381 -5.9%
TDG -2,188 -13.3%
DIS -1,593 -24.8%
SHEN -527 -4.2%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type