Brown Financial Advisory

CIK 1843853 · View on SEC EDGAR ↗

Portfolio value
$239.4M
#5,863 of 9,443 by 13F value · top 62.1%
Positions
49
As of
June 30, 2026

Portfolio value QoQ: +18.7% 13F does not disclose cash

Top 10 holdings weight
91.18%
Top 25 holdings weight
96.49%
Positions above 1%
6
Effective number of positions
4.1

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 1.64% Est. buys $11,232,535 · sells $3,625,451

Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 74.2% still held

New positions
4
Increased
6
Decreased
22
Closed
4
On this page

Sector breakdown

Technology
1.2%
Retail
0.5%
Healthcare
0.3%
Financials
0.3%
Materials
0.2%
Consumer Staples
0.2%
Industrials
0.2%
Communication Services
0.2%
Utilities
0.1%
Energy
0.1%
Other/Unmapped
96.6%

Full portfolio 49 positions

Type Streak 8Q trend
SPYM $101,235,544 42.28% 1,151,975 $18,570,830 Up ×3
VB $44,810,434 18.72% 147,831 $7,787,604 Up ×6
DEXC $35,492,426 14.82% 429,629 $7,775,088 Up ×5
IWB $11,123,863 4.65% 27,165 $1,368,916 Down ×6
SPDW $10,383,465 4.34% 206,062 $900,955 Down ×1
VONE Vanguard Russell 1000 ETF $7,171,380 3.00% 21,172 $917,787 Down ×1
AVDE $2,283,788 0.95% 25,603 $111,629
BRKB $2,069,113 0.86% 4,135 $17,657 Down ×3
IWF $2,056,675 0.86% 16,563 $194,416 Up ×1
IVV $1,674,519 0.70% 2,236 $189,119 Down ×6
SPEM $1,489,038 0.62% 28,757 $140,047
AAPL Apple Inc. - Common Stock $1,230,708 0.51% 4,253 $-27,332 Down ×2
MSFT Microsoft Corporation - Common Stock $1,124,312 0.47% 3,014 $-86,673 Down ×2
SPHY $1,078,147 0.45% 45,996 $79,071 Up ×1
VEA $1,075,305 0.45% 15,092 $108,209
IWD $957,239 0.40% 3,949 $113,560
ABBV AbbVie Inc. Common Stock $831,264 0.35% 3,303 $21,675 Down ×1
VYM $801,873 0.33% 5,074 $-130,500 Down ×2
VTI $777,825 0.32% 2,102 $103,482
SPSM $653,459 0.27% 11,331 $105,945
SXT Sensient Technologies Corporation Common Stock $561,093 0.23% 4,551 $-7,596 Down ×1
SPY SPY $555,477 0.23% 744 $58,072 Down ×1
AMZN Amazon.com, Inc. - Common Stock $552,473 0.23% 2,318 $25,966 Down ×2
IWM $520,380 0.22% 1,732 $71,252 Down ×1
COKE Coca-Cola Consolidated, Inc. - Common Stock $492,574 0.21% 2,580 Up ×1
USMV $487,534 0.20% 5,054 $-110,860 Down ×2
NVDA NVIDIA Corporation - Common Stock $487,472 0.20% 2,436 $-53,515 Down ×2
VWO $476,924 0.20% 7,990 $45,064
FNDX $458,205 0.19% 14,733 $-102,903 Down ×2
CAT Caterpillar, Inc. Common Stock $436,652 0.18% 410 $146,154
BSCR Invesco BulletShares 2027 Corporate Bond ETF $422,684 0.18% 21,549 $-216
BSCS Invesco BulletShares 2028 Corporate Bond ETF $422,248 0.18% 20,734 $-1,203
BSCT Invesco BulletShares 2029 Corporate Bond ETF $422,210 0.18% 22,730 $-1,941
SPAB $402,068 0.17% 15,755 $-1,576
WMT Walmart Inc. - Common Stock $386,792 0.16% 3,415 $-201,040 Down ×2
L Loews Corporation Common Stock $382,311 0.16% 3,377 $21,850
VXF $366,214 0.15% 1,487 $60,106
VTWO Vanguard Russell 2000 ETF $357,825 0.15% 2,947 $62,624
AVEM $357,592 0.15% 3,706 $58,962
HD Home Depot, Inc. (The) Common Stock $347,660 0.15% 986 $-50,075 Down ×2
SO Southern Company (The) Common Stock $281,829 0.12% 2,945 $-3,158 Down ×2
JPM JP Morgan Chase & Co. Common Stock $281,105 0.12% 859 $-80,946 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $270,980 0.11% 767 $50,978
VOE $252,388 0.11% 1,277 $-29,037 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $234,956 0.10% 657
VOO $229,773 0.10% 335 Up ×1
XOM Exxon Mobil Corporation Common Stock $222,099 0.09% 1,624 $-53,211 Up ×1
QUS $215,879 0.09% 1,155 $-8,554 Down ×2
VEU $210,423 0.09% 2,513 Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
SPYM $101,235,544 42.28% up ×3
VB $44,810,434 18.72% up ×6
DEXC $35,492,426 14.82% up ×5

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
COKE $492,574 2,580 0.21%
GOOGL $234,956 657 0.10%
VOO $229,773 335 0.10%
VEU $210,423 2,513 0.09%

Top movers (QoQ)

Security Action Shares Δ Value Δ
SPYM Bought more +72K +$18.6M
VB Bought more +6K +$7.8M
DEXC Bought more +2K +$7.8M
IWB Trimmed -194 +$1.4M
VONE Trimmed -18 +$918K
SPDW Trimmed -2K +$901K
WMT Trimmed -1K -$201K
IWF Bought more +12K +$194K
IVV Trimmed -38 +$189K
CAT Price move only +0 +$146K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
DFAR March 31, 2026 119,825 $2,744,137 No longer tracked
CVX June 30, 2025 9,223 $1,542,948 45.2%
MGC March 31, 2026 2,334 $586,317 No longer tracked
FBND June 30, 2026 11,473 $523,410 No longer tracked
VNQ March 31, 2026 5,087 $450,149 No longer tracked
XMHQ June 30, 2026 3,798 $392,563 No longer tracked
IQLT June 30, 2026 7,401 $342,140 No longer tracked
VGSH June 30, 2026 5,029 $294,393
VWO March 31, 2025 6,267 $275,999 No longer tracked
BNDX March 31, 2025 5,601 $274,730
SCHG March 31, 2026 8,240 $268,791 No longer tracked
XOM March 31, 2025 2,214 $238,199 40.8%
USRT March 31, 2026 4,003 $228,011 No longer tracked
ABT March 31, 2026 1,804 $226,024 11.9%
MGV March 31, 2026 1,587 $224,090 No longer tracked
PRF Sept. 30, 2025 4,993 $211,037 No longer tracked
USFR March 31, 2026 4,127 $207,683 No longer tracked
HYS Dec. 31, 2025 2,158 $206,454 No longer tracked
GOOGL March 31, 2026 641 $200,777 19.3%