Broad Run Portfolio

The Broad Run team is a group of investment professionals who work to identify durable, high-quality businesses whose long-term growth prospects are undervalued by the market. The company was founded in 2012 and currently has clients including endowments, foundations, and family offices among others. the company is based in Washington D.C.
Broad Run’s investment portfolio highlights a concentrated set of high-conviction stocks across industrial services, space and satellite communications infrastructure, semiconductors, financial/asset management, and specialty insurance—reflecting a diversified yet selective approach to value-focused investment in growth and durable business models. Key holdings include:
1) Sunbelt Rentals Holdings Inc — Industrial equipment rental investment positioned to benefit from infrastructure buildouts and nonresidential construction activity; exposure to cyclical demand with scale advantages.
2) AST SpaceMobile Inc (Class A Ordinary Shares) — Space infrastructure investment focused on expanding mobile connectivity using satellite technology; aligns with long-duration growth themes in global telecommunications.
3) Applied Materials Inc. — Semiconductor capital equipment stock supporting wafer fabrication and process innovation; targeted for secular tailwinds tied to compute, AI, and memory expansion cycles.
4) Brookfield Corporation (Class A Ordinary Shares) — Diversified alternative asset investment platform with interests spanning real assets, renewables, and private equity strategies; designed for income potential and strategic repositioning.
5) Markel Group Inc — Specialty insurance and reinsurance stock emphasizing underwriting discipline and risk management; often favored for resilient cash generation through market cycles.
Overall, Broad Run’s portfolio strategy emphasizes research-driven conviction in leading businesses, blending cyclical catalysts (industrial and semiconductors) with longer-term structural growth (space) and defensive compounding characteristics (specialty insurance), reflecting an investor mindset centered on durable investment returns within a curated selection of stocks.