UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2022
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Broad Run Investment Management, LLC
Address:
1530 WILSON BLVD
SUITE 530
ARLINGTON, VA 22209
Form 13F File Number:
028-15134

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Bryan H. Adkins
Title:
Chief Compliance Officer
Phone:
703-260-1224


Signature, Place, and Date of Signing:

Bryan H. Adkins
                         [Signature]
Arlington, VIRGINIA
                 [City, State]
02-14-2023
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
28
Form 13F Information table Value Total:
830278757
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ALLEGIANT TRAVEL COCOM01748X1022,802,95641,226SHSOLE30,382 0 10,844
ALPHABET INCCAP STK CL A02079K3051,031,49711,691SHSOLE11,091 0 600
ALPHABET INCCAP STK CL C02079K10721,908,058246,907SHSOLE179,907 0 67,000
AMERICAN TOWER CORP NEWCOM03027X10080,001,726377,616SHSOLE350,759 0 26,857
AMERICAN WOODMARK CORPORATIO COM03050610937,004,952757,367SHSOLE724,527 0 32,840
AON PLCSHS CL AG0403H10883,513,055278,247SHSOLE256,690 0 21,557
APPLIED MATLS INCCOM03822210528,191,997289,505SHSOLE255,669 0 33,836
AST SPACEMOBILE INC COM CL A00217D10011,275,1752,339,248SHSOLE2,251,422 0 87,826
BROOKFIELD ASSET MANAGMT LTDCL A LMT VTG SHS 11300410514,671,294511,730SHSOLE472,392 0 39,338
BROOKFIELD CORP CL A LTD VT SH11271J10766,193,0672,104,039SHSOLE1,946,560 0 157,479
BROOKFIELD REINS LTDCL A EXCH LT VTGG16250105491,91715,721SHSOLE15,721 0 0
CARMAX INCCOM14313010260,508,037993,727SHSOLE933,772 0 59,955
CDW CORPCOM12514G10842,255,957236,622SHSOLE221,762 0 14,860
COGENT COMMUNICATIONS HLDGSCOM NEW19239V3028,659,892151,715SHSOLE138,884 0 12,831
DANAHER CORPORATIONCOM2358511025,522,06320,805SHSOLE20,805 0 0
DISNEY WALT COCOM25468710610,292,630118,470SHSOLE87,453 0 31,017
ENCORE CAP GROUP INCCOM29255410272,278,8021,507,693SHSOLE1,437,608 0 70,085
HILTON WORLDWIDE HLDGS INC COM43300A2035,001,20239,579SHSOLE39,579 0 0
ISHARES TRCORE S&P TTL STK464287150964,09111,369SHSOLE8,112 0 3,257
MARKEL CORPCOM57053510478,825,42759,830SHSOLE55,629 0 4,201
MISTRAS GROUP INCCOM60649T1073,561,289722,371SHSOLE722,371 0 0
NVR INCCOM62944T10521,388,5334,637SHSOLE4,204 0 433
OREILLY AUTOMOTIVE INCCOM67103H10767,960,45280,519SHSOLE74,693 0 5,826
RHCOM74967X10335,685,896133,560SHSOLE125,691 0 7,869
SHENANDOAH TELECOMMUNICATIONCOM82312B10616,985,3591,069,607SHSOLE995,161 0 74,446
SS&C TECHNOLOGIES HLDGS INCCOM78467J10041,917,202805,171SHSOLE758,898 0 46,273
TRANSDIGM GROUP INCCOM8936411005,586,8848,873SHSOLE8,873 0 0
WARNER MUSIC GROUP CORPCOM CL A9345502035,799,347165,601SHSOLE165,601 0 0