Broad Run Investment Management, LLC Holdings - 4Q25

As of December 31, 2025, Broad Run Investment Management, LLC reported 24 positions comprising 24 stocks worth $538.5M. The top 5 holdings represented 54.2% of the portfolio. During the quarter, the fund entered 1 new position and exited 1. Explore portfolio value and concentration trends, quarterly position counts, and a detailed breakdown of each holding below.