BROAD RUN INVESTMENT MANAGEMENT, LLC

PrivateCIK: 1568621

Location

ARLINGTON, VA

Positions

$649.75M

Total AUM (reported)

6.88M

Total Shares

Allocation by class

COM$321.84M49.5%

COM CL A$129.38M19.9%

SHS$51.35M7.9%

CL A LTD VT SH$51.28M7.9%

SHS CL A$33.38M5.1%

CL A LMT VTG SHS$27.03M4.2%

CAP STK CL C$19.23M3.0%

Portfolio Concentration

Top 3$287.38M44.2%

4–10$227.01M34.9%

11–25$135.35M20.8%

Top 3 weight

44.2%

Top 10 weight

79.2%

Voting Authority Distribution

Total shares with voting rights: 6.88M

Sole

Full voting authority

6.64M

% of voting shares96.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

234.61K

% of voting shares3.4%

Investment Discretion (by position count)

Sole24

Shared0

Other0

Dominant voting typeSole · 96.6% of voting shares

Institutional Holdings24

Rows:

AST SPACEMOBILE INC

SOLE

COM CL A

Shares1.46M

TypeSH

Market value$129.38M

19.91%

Sole

1.40M

Shared

0.00

None

57.96K

APPLIED MATLS INC

SOLE

COM

Shares147.51K

TypeSH

Market value$106.65M

16.41%

Sole

140.94K

Shared

0.00

None

6.57K

SUNBELT RENTALS HOLDINGS INC

SOLE

SHS

Shares702.08K

TypeSH

Market value$51.35M

7.90%

Sole

680.89K

Shared

0.00

None

21.19K

BROOKFIELD CORP

SOLE

CL A LTD VT SH

Shares1.20M

TypeSH

Market value$51.28M

7.89%

Sole

1.15M

Shared

0.00

None

56.74K

MARKEL CORP

SOLE

COM

Shares20.58K

TypeSH

Market value$40.19M

6.19%

Sole

19.51K

Shared

0.00

None

1.07K

OREILLY AUTOMOTIVE INC

SOLE

COM

Shares376.82K

TypeSH

Market value$34.70M

5.34%

Sole

361.53K

Shared

0.00

None

15.28K

AON PLC

SOLE

SHS CL A

Shares100.65K

TypeSH

Market value$33.38M

5.14%

Sole

96.59K

Shared

0.00

None

4.06K

BROOKFIELD ASSET MANAGMT LTD

SOLE

CL A LMT VTG SHS

Shares602.71K

TypeSH

Market value$27.03M

4.16%

Sole

595.25K

Shared

0.00

None

7.46K

HILTON WORLDWIDE HLDGS INC

SOLE

COM

Shares64.14K

TypeSH

Market value$21.20M

3.26%

Sole

64.14K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL C

Shares54.42K

TypeSH

Market value$19.23M

2.96%

Sole

45.56K

Shared

0.00

None

8.86K

NVR INC

SOLE

COM

Shares2.66K

TypeSH

Market value$18.14M

2.79%

Sole

2.58K

Shared

0.00

None

81.00

CDW CORP

SOLE

COM

Shares124.31K

TypeSH

Market value$17.48M

2.69%

Sole

121.53K

Shared

0.00

None

2.77K

AMERICAN TOWER CORP NEW

SOLE

COM

Shares105K

TypeSH

Market value$17.18M

2.64%

Sole

99.98K

Shared

0.00

None

5.02K

CARMAX INC

SOLE

COM

Shares283.23K

TypeSH

Market value$14.98M

2.31%

Sole

272.53K

Shared

0.00

None

10.70K

TRANSDIGM GROUP INC

SOLE

COM

Shares10.80K

TypeSH

Market value$14.39M

2.21%

Sole

10.80K

Shared

0.00

None

0.00

DANAHER CORPORATION

SOLE

COM

Shares70.94K

TypeSH

Market value$13.51M

2.08%

Sole

70.94K

Shared

0.00

None

0.00

RH

SOLE

COM

Shares62.36K

TypeSH

Market value$10.27M

1.58%

Sole

60.88K

Shared

0.00

None

1.48K

SHENANDOAH TELECOMMUNICATION

SOLE

COM

Shares658.57K

TypeSH

Market value$9.93M

1.53%

Sole

658.57K

Shared

0.00

None

0.00

COGENT COMMUNICATIONS HLDGS

SOLE

COM NEW

Shares660.13K

TypeSH

Market value$9.16M

1.41%

Sole

630.98K

Shared

0.00

None

29.15K

FLOOR & DECOR HLDGS INC

SOLE

CL A

Shares62K

TypeSH

Market value$3.68M

0.57%

Sole

62K

Shared

0.00

None

0.00

DISNEY WALT CO

SOLE

COM

Shares33.56K

TypeSH

Market value$3.23M

0.50%

Sole

27.67K

Shared

0.00

None

5.89K

RELX PLC

SOLE

BROOKFIELD WEALTH SOL LTD

SOLE

CL A EXCHANGEAB

Shares23.58K

TypeSH

Market value$1.01M

0.15%

Sole

23.58K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL A

Shares2.54K

TypeSH

Market value$905.9K

0.14%

Sole

2.21K

Shared

0.00

None

324.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
AST SPACEMOBILE INCSOLE	COM CL A	1.46M	SH	$129.38M 19.91%	1.40M	57.96K
APPLIED MATLS INCSOLE	COM	147.51K	SH	$106.65M 16.41%	140.94K	6.57K
SUNBELT RENTALS HOLDINGS INCSOLE	SHS	702.08K	SH	$51.35M 7.90%	680.89K	21.19K
BROOKFIELD CORPSOLE	CL A LTD VT SH	1.20M	SH	$51.28M 7.89%	1.15M	56.74K
MARKEL CORPSOLE	COM	20.58K	SH	$40.19M 6.19%	19.51K	1.07K
OREILLY AUTOMOTIVE INCSOLE	COM	376.82K	SH	$34.70M 5.34%	361.53K	15.28K
AON PLCSOLE	SHS CL A	100.65K	SH	$33.38M 5.14%	96.59K	4.06K
BROOKFIELD ASSET MANAGMT LTDSOLE	CL A LMT VTG SHS	602.71K	SH	$27.03M 4.16%	595.25K	7.46K
HILTON WORLDWIDE HLDGS INCSOLE	COM	64.14K	SH	$21.20M 3.26%	64.14K	0.00
ALPHABET INCSOLE	CAP STK CL C	54.42K	SH	$19.23M 2.96%	45.56K	8.86K
NVR INCSOLE	COM	2.66K	SH	$18.14M 2.79%	2.58K	81.00
CDW CORPSOLE	COM	124.31K	SH	$17.48M 2.69%	121.53K	2.77K
AMERICAN TOWER CORP NEWSOLE	COM	105K	SH	$17.18M 2.64%	99.98K	5.02K
CARMAX INCSOLE	COM	283.23K	SH	$14.98M 2.31%	272.53K	10.70K
TRANSDIGM GROUP INCSOLE	COM	10.80K	SH	$14.39M 2.21%	10.80K	0.00
DANAHER CORPORATIONSOLE	COM	70.94K	SH	$13.51M 2.08%	70.94K	0.00
RHSOLE	COM	62.36K	SH	$10.27M 1.58%	60.88K	1.48K
SHENANDOAH TELECOMMUNICATIONSOLE	COM	658.57K	SH	$9.93M 1.53%	658.57K	0.00
COGENT COMMUNICATIONS HLDGSSOLE	COM NEW	660.13K	SH	$9.16M 1.41%	630.98K	29.15K
FLOOR & DECOR HLDGS INCSOLE	CL A	62K	SH	$3.68M 0.57%	62K	0.00
DISNEY WALT COSOLE	COM	33.56K	SH	$3.23M 0.50%	27.67K	5.89K
RELX PLCSOLE	SPONSORED ADR	47K	SH	$1.49M 0.23%	47K	0.00
BROOKFIELD WEALTH SOL LTDSOLE	CL A EXCHANGEAB	23.58K	SH	$1.01M 0.15%	23.58K	0.00
ALPHABET INCSOLE	CAP STK CL A	2.54K	SH	$905.9K 0.14%	2.21K	324.00