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Leadership

Christopher M. Passarelli

Founder, CEO & Portfolio Manager

Investment manager, strategist, and founder of Bull Run Investment Management — building institutional-grade equity strategies for individuals, advisors, and organizations from McLean, Virginia.

Christopher M. Passarelli
License Series 65
Education CU Boulder
Location McLean, VA
Since 2019
About Christopher

Markets Since Age 10


Christopher Passarelli started investing before most people open a bank account. He bought his first stock at ten years old, and by eighteen he was working professionally in the financial industry — not because someone told him to, but because he couldn't imagine doing anything else.

That single-minded drive led him through equity derivatives research, advisor platform strategy, institutional operations on Morgan Stanley's Listed Commodity Derivatives desk in New York, and quantitative fund analysis — roles that gave him an institutional toolkit most solo portfolio managers never get. He studied at Virginia Tech before earning his B.S. in Finance from the University of Colorado Boulder, where he placed in the top 1% nationally in the CME Group Trading Challenge.

He founded Bull Run Investment Management in 2019 with a conviction that a concentrated, actively managed portfolio of the world's most innovative companies — selected through rigorous fundamental and quantitative analysis — can meaningfully and consistently outperform passive benchmarks over complete market cycles. That thesis has been validated: the firm's flagship Equity Innovation SMA has ranked among the top 2% of over 3,400 non-leveraged ETFs by total return since 2023.

Today, Passarelli serves as Founder, CEO, and sole Portfolio Manager of BRIM, managing four proprietary equity SMA strategies on the Charles Schwab platform for individuals, families, financial advisors, and institutional clients. He is personally involved in every investment decision, every client relationship, and every strategic direction the firm takes.

At a Glance
License
Series 65 — Uniform Investment Adviser
Education
B.S. Finance, University of Colorado Boulder
CME Trading Challenge
Top 1% Nationally
Strategies Managed
4 Proprietary Equity SMAs
Founded
2019 • McLean, Virginia
Registered In
CA, DC, FL, MD, NC, TX, VA
Career Experience

From Wall Street to Founder


Bull Run Investment Management
Founder, CEO & Portfolio Manager
Founded a fee-only RIA delivering institutional-grade, actively managed SMA strategies directly to individuals and financial advisors on the Charles Schwab platform. Sole portfolio manager across four proprietary equity strategies spanning the full risk spectrum.
Spectrum Financial
Quantitative Equity & Mutual Fund Research Analyst
Developed proprietary quantitative frameworks for equity and fund selection, contributing to research behind over $400 million in client assets and the firm's top 1% performing bond mutual fund.
Morgan Stanley
Derivatives Operations — New York
Supported institutional trade routing, order management systems, and derivatives infrastructure on the Listed Commodity Derivatives desk, interfacing with institutional counterparties and internal technology teams.
TD Ameritrade
Advisor Services
Helped independent RIAs identify, evaluate, and implement separately managed account solutions for their retail client base, building expertise in SMA platforms and advisor workflows.
IPS Strategic Capital
Equity Derivatives & Quantitative Strategy Research Analyst
Conducted deep-dive quantitative research on equity derivatives strategies, performing scenario analysis and portfolio optimization within systematic investment frameworks.
Track Record

Innovation SMA Performance

Flagship strategy results, net of the 1.50% annual advisory fee. Past performance does not guarantee future results.


Equity Innovation SMA
Equity Innovation SMA
Equity Innovation SMA
Cumulative
Since Jan 2023 • Net of Fees
Net of Fee Performance
Investment Philosophy

How Christopher Invests


01
Revenue-Growth Leadership
Targets companies with accelerating revenue growth, expanding margins, and clear trajectories toward market dominance — the compounding dynamics that drive long-term capital appreciation.
02
Fundamental Analysis
Every position is researched bottom-up: business models, competitive moats, management quality, unit economics, total addressable market, and forward earnings trajectory.
03
Concentrated Conviction
High-conviction positions in 15–30 companies rather than broad diversification. Deep knowledge of each holding enables faster decision-making and higher portfolio impact.
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No obligations, no pressure. Schedule a call to discuss your goals and see if BRIM is the right fit for you.

Bull Run Investment Management, LLC is a fee-only Registered Investment Adviser (CRD #306763). All performance figures shown are net of the 1.50% annual advisory fee unless otherwise noted. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal. Registration does not imply a certain level of skill or training. For additional information, refer to our Form ADV at adviserinfo.sec.gov.
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