SEC 13F Intelligence

Managers / Q1 2026

Brown Financial Advisory

CIK 0001843853 · 54 S. GREENO ROAD., FAIRHOPE, AL, 36532 · 2519289498

Reported Value
$202M
Q1 2026
Positions
49
Filings on Record
22
2019–present window
Filed
Apr 27, 2026
original filing

Summary

Brown Financial Advisory reported $202M in U.S.-listed holdings across 49 positions for Q1 2026.

The portfolio is heavily concentrated: Spdr Series alone accounts for 41.0% of reported value.

Compared with Q4 2025, the fund opened 2 new positions and exited 9.

Portfolio Metrics

Turnover
+5.4%
vs prior filed quarter
Top-10 Concentration
+89.5%
share of reported value
Largest Position
+41.0%
Spdr Series
New / Exited
2 / 9
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’20: $113MQ4 ’20Q1 ’21: $113MQ2 ’21: $120MQ3 ’21: $121MQ3 ’21Q4 ’21: $114MQ1 ’22: $123MQ2 ’22: $93MQ2 ’22Q3 ’22: $104MQ4 ’22: $97MQ1 ’23: $104MQ1 ’23Q2 ’23: $123MQ3 ’23: $113MQ4 ’23: $123MQ4 ’23Q1 ’24: $129MQ2 ’24: $130MQ3 ’24: $141MQ3 ’24Q4 ’24: $141MQ1 ’25: $160MQ2 ’25: $181MQ2 ’25Q3 ’25: $191MQ4 ’25: $198MQ1 ’26: $202MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 95.2%Common Stock: 4.8%
  • ETP · 95.2% · $192M
  • Common Stock · 4.8% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD INTL EQUITY INDEX FNEW+8.0K8.0K+$431,860$431,860
EXMOCEXXON MOBIL CORPNEW+1.6K1.6K+$275,310$275,310
DFARDIMENSIONAL ETF TRUSTSOLD OUT−119.8K0−$3M$0
VANGUARD WORLD FDSOLD OUT−2.3K0−$586,317$0
VANGUARD INDEX FDSSOLD OUT−5.1K0−$450,149$0
SCHWAB STRATEGIC TRSOLD OUT−8.2K0−$268,791$0
ISHARES TRSOLD OUT−4.0K0−$228,011$0
ABTABBOTT LABSSOLD OUT−1.8K0−$226,024$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SERIES TRUSTSTATE STREET SPD42.07%$85M1.15M
2VANGUARD INDEX FDSSMALL CP ETF · TOTAL STK MKT · EXTEND MKT ETF · MCAP VL IDXVIP18.99%$38M146.5K
3DIMENSIONAL ETF TRUSTEMERGING MRKTETS13.75%$28M427.3K
4ISHARES TRRUS 1000 ETF · RUS 1000 GRW ETF · CORE S&P500 ETF · RUS 1000 VAL ETF · MSCI USA MIN VOL · RUSSELL 2000 ETF · MSCI INTL QUALTY7.61%$15M53.6K
5SPDR INDEX SHS FDSSTATE STREET SPD5.37%$11M236.5K
6VGSHVANGUARD SCOTTSDALE FDSVNG RUS1000IDX · VNG RUS2000IDX · SHORT TERM TREAS3.39%$7M29.2K
7AMERICAN CENTY ETF TRINTL EQT ETF · AVANTIS EMGMKT1.23%$2M29.3K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.02%$2M4.3K
9INVESCO EXCH TRD SLF IDX FDBULETSHS 2029 · INVSCO BLSH 28 · BULSHS 2027 CB0.63%$1M65.0K
10AAPLAPPLE INCCOM0.62%$1M5.0K
11MSFTMICROSOFT CORPCOM0.60%$1M3.3K
12VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.48%$967,09615.1K
13VANGUARD WHITEHALL FDSHIGH DIV YLD0.46%$932,3736.3K
14ABBVABBVIE INCCOM0.40%$809,5893.7K
15WMTWALMART INCCOM0.29%$587,8324.7K
16SSFSENSIENT TECHNOLOGIES CORPCOM0.28%$568,6896.6K
17SCHWAB STRATEGIC TRFUNDAMENTAL US L0.28%$561,10820.1K
18NVDANVIDIA CORPORATIONCOM0.27%$540,9873.1K
19AMZNAMAZON COM INCCOM0.26%$526,5072.5K
20FIDELITY MERRIMACK STR TRTOTAL BD ETF0.26%$523,41011.5K
21STATE STR SPDR S&P 500 ETF TTR UNIT0.25%$497,405765
22VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.21%$431,8608.0K
23HDHOME DEPOT INCCOM0.20%$397,7351.2K
24INVESCO EXCHANGE TRADED FD TS&P MDCP QUALITY0.19%$392,5633.8K
25JPMJPMORGAN CHASE & COCOM0.18%$362,0511.2K
26LLOEWS CORPCOM0.18%$360,4613.4K
27CATCATERPILLAR INCCOM0.14%$290,498410
28SOSOUTHERN COCOM0.14%$284,9873.0K
29EXMOCEXXON MOBIL CORPCOM0.14%$275,3101.6K
30GOOGALPHABET INCCAP STK CL C0.11%$220,002767

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$202M49Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$198M56Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$191M55Oct 27, 202513F-HRchanges · EDGAR ↗
Q2 2025$181M55Jul 28, 202513F-HRchanges · EDGAR ↗
Q1 2025$160M52Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024$141M35Jan 24, 202513F-HRchanges · EDGAR ↗
Q3 2024$141M36Oct 25, 202413F-HRchanges · EDGAR ↗
Q2 2024$130M32Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$129M32Apr 25, 202413F-HRchanges · EDGAR ↗
Q4 2023$123M32Jan 26, 202413F-HRchanges · EDGAR ↗
Q3 2023$113M29Oct 25, 202313F-HRchanges · EDGAR ↗
Q2 2023$123M30Jul 21, 202313F-HRchanges · EDGAR ↗
Q1 2023$104M28Apr 24, 202313F-HRchanges · EDGAR ↗
Q4 2022$97M29Jan 25, 202313F-HRchanges · EDGAR ↗
Q3 2022$104M27Oct 21, 202213F-HRchanges · EDGAR ↗
Q2 2022$93M26Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$123M29Apr 29, 202213F-HRchanges · EDGAR ↗
Q4 2021$114M28Jan 27, 202213F-HRchanges · EDGAR ↗
Q3 2021$121M26Oct 20, 202113F-HRchanges · EDGAR ↗
Q2 2021$120M26Jul 28, 202113F-HRchanges · EDGAR ↗
Q1 2021$113M26Apr 28, 202113F-HRchanges · EDGAR ↗
Q4 2020$113M27Feb 11, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.