BROAD RUN INVESTMENT MANAGEMENT, LLC

PrivateCIK: 1568621

Location

ARLINGTON, VA

Positions

$567.86M

Total AUM (reported)

7.12M

Total Shares

Allocation by class

COM$259.09M45.6%

COM CL A$121.25M21.4%

CL A LTD VT SH$49.00M8.6%

SHS$44.20M7.8%

SHS CL A$32.65M5.7%

CL A LMT VTG SHS$26.83M4.7%

CAP STK CL C$15.94M2.8%

Portfolio Concentration

Top 3$220.94M38.9%

4–10$216.00M38.0%

11–25$130.92M23.1%

Top 3 weight

38.9%

Top 10 weight

76.9%

Voting Authority Distribution

Total shares with voting rights: 7.12M

Sole

Full voting authority

6.87M

% of voting shares96.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

251.28K

% of voting shares3.5%

Investment Discretion (by position count)

Sole24

Shared0

Other0

Dominant voting typeSole · 96.5% of voting shares

Institutional Holdings24

Rows:

AST SPACEMOBILE INC

SOLE

COM CL A

Shares1.46M

TypeSH

Market value$121.25M

21.35%

Sole

1.40M

Shared

0.00

None

58.80K

APPLIED MATLS INC

SOLE

COM

Shares148.32K

TypeSH

Market value$50.69M

8.93%

Sole

141.66K

Shared

0.00

None

6.66K

BROOKFIELD CORP

SOLE

CL A LTD VT SH

Shares1.21M

TypeSH

Market value$49.00M

8.63%

Sole

1.15M

Shared

0.00

None

57.37K

SUNBELT RENTALS HOLDINGS INC

SOLE

SHS

Shares704.53K

TypeSH

Market value$44.20M

7.78%

Sole

683.05K

Shared

0.00

None

21.48K

MARKEL CORP

SOLE

COM

Shares20.71K

TypeSH

Market value$39.64M

6.98%

Sole

19.62K

Shared

0.00

None

1.09K

OREILLY AUTOMOTIVE INC

SOLE

COM

Shares378.69K

TypeSH

Market value$34.96M

6.16%

Sole

363.19K

Shared

0.00

None

15.49K

AON PLC

SOLE

SHS CL A

Shares101.16K

TypeSH

Market value$32.65M

5.75%

Sole

97.04K

Shared

0.00

None

4.12K

BROOKFIELD ASSET MANAGMT LTD

SOLE

CL A LMT VTG SHS

Shares603.64K

TypeSH

Market value$26.83M

4.73%

Sole

596.08K

Shared

0.00

None

7.56K

HILTON WORLDWIDE HLDGS INC

SOLE

COM

Shares64.14K

TypeSH

Market value$19.50M

3.43%

Sole

64.14K

Shared

0.00

None

0.00

AMERICAN TOWER CORP NEW

SOLE

COM

Shares105.58K

TypeSH

Market value$18.22M

3.21%

Sole

100.48K

Shared

0.00

None

5.09K

NVR INC

SOLE

COM

Shares2.67K

TypeSH

Market value$17.61M

3.10%

Sole

2.59K

Shared

0.00

None

83.00

ALPHABET INC

SOLE

CAP STK CL C

Shares55.55K

TypeSH

Market value$15.94M

2.81%

Sole

46.56K

Shared

0.00

None

8.99K

CDW CORP

SOLE

COM

Shares124.61K

TypeSH

Market value$15.08M

2.66%

Sole

121.83K

Shared

0.00

None

2.78K

SHENANDOAH TELECOMMUNICATION

SOLE

COM

Shares878.26K

TypeSH

Market value$13.54M

2.38%

Sole

864.16K

Shared

0.00

None

14.10K

DANAHER CORPORATION

SOLE

COM

Shares70.94K

TypeSH

Market value$13.45M

2.37%

Sole

70.94K

Shared

0.00

None

0.00

TRANSDIGM GROUP INC

SOLE

COM

Shares10.80K

TypeSH

Market value$12.52M

2.20%

Sole

10.80K

Shared

0.00

None

0.00

COGENT COMMUNICATIONS HLDGS

SOLE

COM NEW

Shares663.20K

TypeSH

Market value$12.49M

2.20%

Sole

634.08K

Shared

0.00

None

29.12K

CARMAX INC

SOLE

COM

Shares284.38K

TypeSH

Market value$11.82M

2.08%

Sole

273.64K

Shared

0.00

None

10.74K

RH

SOLE

COM

Shares62.53K

TypeSH

Market value$8.74M

1.54%

Sole

61.04K

Shared

0.00

None

1.49K

DISNEY WALT CO

SOLE

COM

Shares34.27K

TypeSH

Market value$3.30M

0.58%

Sole

28.30K

Shared

0.00

None

5.97K

FLOOR & DECOR HLDGS INC

SOLE

CL A

Shares62K

TypeSH

Market value$3.15M

0.55%

Sole

62K

Shared

0.00

None

0.00

RELX PLC

SOLE

BROOKFIELD WEALTH SOL LTD

SOLE

CL A EXCHANGEAB

Shares23.58K

TypeSH

Market value$976.3K

0.17%

Sole

23.58K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL A

Shares2.54K

TypeSH

Market value$729.0K

0.13%

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	$121.25M 21.35%	1.40M	58.80K
APPLIED MATLS INCSOLE	COM	148.32K	SH	$50.69M 8.93%	141.66K	6.66K
BROOKFIELD CORPSOLE	CL A LTD VT SH	1.21M	SH	$49.00M 8.63%	1.15M	57.37K
SUNBELT RENTALS HOLDINGS INCSOLE	SHS	704.53K	SH	$44.20M 7.78%	683.05K	21.48K
MARKEL CORPSOLE	COM	20.71K	SH	$39.64M 6.98%	19.62K	1.09K
OREILLY AUTOMOTIVE INCSOLE	COM	378.69K	SH	$34.96M 6.16%	363.19K	15.49K
AON PLCSOLE	SHS CL A	101.16K	SH	$32.65M 5.75%	97.04K	4.12K
BROOKFIELD ASSET MANAGMT LTDSOLE	CL A LMT VTG SHS	603.64K	SH	$26.83M 4.73%	596.08K	7.56K
HILTON WORLDWIDE HLDGS INCSOLE	COM	64.14K	SH	$19.50M 3.43%	64.14K	0.00
AMERICAN TOWER CORP NEWSOLE	COM	105.58K	SH	$18.22M 3.21%	100.48K	5.09K
NVR INCSOLE	COM	2.67K	SH	$17.61M 3.10%	2.59K	83.00
ALPHABET INCSOLE	CAP STK CL C	55.55K	SH	$15.94M 2.81%	46.56K	8.99K
CDW CORPSOLE	COM	124.61K	SH	$15.08M 2.66%	121.83K	2.78K
SHENANDOAH TELECOMMUNICATIONSOLE	COM	878.26K	SH	$13.54M 2.38%	864.16K	14.10K
DANAHER CORPORATIONSOLE	COM	70.94K	SH	$13.45M 2.37%	70.94K	0.00
TRANSDIGM GROUP INCSOLE	COM	10.80K	SH	$12.52M 2.20%	10.80K	0.00
COGENT COMMUNICATIONS HLDGSSOLE	COM NEW	663.20K	SH	$12.49M 2.20%	634.08K	29.12K
CARMAX INCSOLE	COM	284.38K	SH	$11.82M 2.08%	273.64K	10.74K
RHSOLE	COM	62.53K	SH	$8.74M 1.54%	61.04K	1.49K
DISNEY WALT COSOLE	COM	34.27K	SH	$3.30M 0.58%	28.30K	5.97K
FLOOR & DECOR HLDGS INCSOLE	CL A	62K	SH	$3.15M 0.55%	62K	0.00
RELX PLCSOLE	SPONSORED ADR	47K	SH	$1.56M 0.27%	47K	0.00
BROOKFIELD WEALTH SOL LTDSOLE	CL A EXCHANGEAB	23.58K	SH	$976.3K 0.17%	23.58K	0.00
ALPHABET INCSOLE	CAP STK CL A	2.54K	SH	$729.0K 0.13%	2.21K	324.00