Q2 2026 13F · SEC CIK 1843853

Brown Financial Advisory

Wealth managerFiled 2026-07-28 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $239.4M
Reported positions: 49
Top holdings a year, 3 yrs: +16.2%
Assets under management: $468.2M

Brown Financial Advisory is a wealth manager that reported 49 positions worth $239.4M in its Q2 2026 13F, filed 2026-07-28. Its largest holdings were Spdr Series Trust (SPLG, 42.3%), Vanguard Index Fds (VB, 18.7%), Dimensional ETF Trust (DEXC, 14.8%). A portfolio copying its top holdings returned 16.2% a year over the last 3 years, against 19.9% for the S&P 500.

Brown Financial Advisory holdings all 49 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Brown Financial Advisory 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SPLGSpdr Series Trust	42.3%	41.0%	1,151,975	+6.7%	$101.2M
VBVanguard Index Fds	18.7%	18.4%	147,831	+4.6%	$44.8M
DEXCDimensional ETF Trust	14.8%	13.7%	429,629	+0.5%	$35.5M
IWBIshares Tr	4.6%	4.8%	27,165	-0.7%	$11.1M
SPDWSpdr Index Shs Fds	4.3%	4.7%	206,062	-0.8%	$10.4M
VONEVanguard Scottsdale Fds	3.0%	3.1%	21,172	-0.1%	$7.2M
AVDEAvantis International Equity ETF	1.0%	1.1%	25,603	+0.0%	$2.3M
BRK-BBerkshire Hathaway Inc Del	0.9%	1.0%	4,135	-3.4%	$2.1M
IWFIshares Tr	0.9%	0.9%	16,563	+279.3%	$2.1M
IVVIshares Tr	0.7%	0.7%	2,236	-1.7%	$1.7M
SPEMSpdr Index Shs Fds	0.6%	0.7%	28,757	+0.0%	$1.5M
AAPLApple Inc	0.5%	0.6%	4,253	-14.2%	$1.2M
MSFTMicrosoft Corp	0.5%	0.6%	3,014	-7.9%	$1.1M
SPHYSpdr Series Trust	0.5%	0.5%	45,996	+7.4%	$1.1M
VEAVanguard Ftse Developed Markets Index Fu	0.4%	0.5%	15,092	+0.0%	$1.1M
IWDIshares Tr	0.4%	0.4%	3,949	+0.0%	$957K
ABBVAbbvie Inc	0.3%	0.4%	3,303	-11.3%	$831K
VYMVanguard Whitehall Fds	0.3%	0.5%	5,074	-19.4%	$802K
VTIVanguard Index Fds	0.3%	0.3%	2,102	+0.0%	$778K
SPSMSpdr Series Trust	0.3%	0.3%	11,331	+0.0%	$653K
SXTSensient Technologies Corp	0.2%	0.3%	4,551	-30.8%	$561K
SPYState Str Spdr S&p 500 ETF T	0.2%	0.2%	744	-2.7%	$555K
AMZNAmazon Com Inc	0.2%	0.3%	2,318	-8.3%	$552K
IWMIshares Tr	0.2%	0.2%	1,732	-4.4%	$520K
COKECoca Cola Cons Inc	0.2%	New	2,580	—	$493K
USMVIshares Tr	0.2%	0.3%	5,054	-21.7%	$488K
NVDANvidia Corporation	0.2%	0.3%	2,436	-21.5%	$487K
VWOVanguard Intl Equity Index F	0.2%	0.2%	7,990	+0.0%	$477K
FNDXSchwab Strategic Tr	0.2%	0.3%	14,733	-26.9%	$458K
CATCaterpillar Inc	0.2%	0.1%	410	+0.0%	$437K
BSCRInvesco Exch Trd Slf Idx Fd	0.2%	0.2%	21,549	+0.0%	$423K
BSCSInvesco Exch Trd Slf Idx Fd	0.2%	0.2%	20,734	+0.0%	$422K
BSCTInvesco Exch Trd Slf Idx Fd	0.2%	0.2%	22,730	+0.0%	$422K
SPABSpdr Series Trust	0.2%	0.2%	15,755	+0.0%	$402K
WMTWalmart Inc	0.2%	0.3%	3,415	-27.8%	$387K
LLoews Corp	0.2%	0.2%	3,377	+0.0%	$382K
VXFVanguard Index Fds	0.2%	0.2%	1,487	+0.0%	$366K
VTWOVanguard Scottsdale Fds	0.1%	0.1%	2,947	+0.0%	$358K
AVEMAmerican Centy ETF Tr	0.1%	0.1%	3,706	+0.0%	$358K
HDHome Depot Inc	0.1%	0.2%	986	-18.4%	$348K
SOSouthern Co	0.1%	0.1%	2,945	-0.3%	$282K
JPMJpmorgan Chase & Co	0.1%	0.2%	859	-30.2%	$281K
GOOGAlphabet Inc	0.1%	0.1%	767	+0.0%	$271K
VOEVanguard Index Fds	0.1%	0.1%	1,277	-16.4%	$252K
GOOGLAlphabet Inc	0.1%	New	657	—	$235K
VOOVanguard Index Fds	0.1%	New	335	—	$230K
XOMExxon Mobil Corp	0.1%	0.1%	1,624	+0.1%	$222K
QUSSpdr Series Trust	0.1%	0.1%	1,155	-11.7%	$216K
VEUVanguard Intl Equity Index F	0.1%	New	2,513	—	$210K

What Brown Financial Advisory bought and sold in Q2 2026, against Q1 2026.

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: —
3 years: +16.2% /yr; S&P 500 +19.9%
5 years: +6.1% /yr; S&P 500 +9.8%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$239.4M	49
Q1 2026	$201.6M	49
Q4 2025	$197.9M	56
Q3 2025	$191.0M	55
Q2 2025	$181.2M	55
Q1 2025	$158.6M	51
Q4 2024	$140.4M	34
Q3 2024	$141.3M	36
Q2 2024	$130.1M	32
Q1 2024	$128.7M	32
Q4 2023	$122.8M	32
Q3 2023	$112.8M	29

Questions about Brown Financial Advisory's portfolio

What stocks does Brown Financial Advisory own?

Brown Financial Advisory's latest 13F, for Q2 2026 and filed Jul 28, 2026, lists 49 positions worth $239.4M. The largest are Spdr Series Trust (SPLG) at 42.3%, Vanguard Index Fds (VB) at 18.7%, Dimensional ETF Trust (DEXC) at 14.8%, Ishares Tr (IWB) at 4.6% and Spdr Index Shs Fds (SPDW) at 4.3%.

What did Brown Financial Advisory buy last quarter?

In Q2 2026, Brown Financial Advisory added a new position in Coca Cola Cons Inc (COKE), a new position in Alphabet Inc (GOOGL), a new position in Vanguard Index Fds (VOO), a new position in Vanguard Intl Equity Index F (VEU), Ishares Tr (IWF) (+279.3% shares), Spdr Series Trust (SPHY) (+7.4% shares) and Spdr Series Trust (SPLG) (+6.7% shares), compared with its Q1 2026 filing.

What did Brown Financial Advisory sell last quarter?

In Q2 2026, Brown Financial Advisory sold all of Fidelity Merrimack Str Tr (FBND), sold all of Invesco Exchange Traded Fd T (XMHQ), sold all of Ishares Tr (IQLT), sold all of Vanguard Scottsdale Fds (VGSH), Sensient Technologies Corp (SXT) (-30.8% shares), Jpmorgan Chase & Co (JPM) (-30.2% shares) and Walmart Inc (WMT) (-27.8% shares), compared with its Q1 2026 filing.

How has Brown Financial Advisory's portfolio performed?

A portfolio copying Brown Financial Advisory's 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.2% a year over the last 3 years, against +19.9% for the S&P 500. Over 5 years: +6.1% a year against +9.8%.

When is Brown Financial Advisory's next 13F filing due?

13F filings are due 45 days after each quarter ends. Brown Financial Advisory's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Brown Financial Advisory manage?

Brown Financial Advisory reported $468.2M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $239.4M.