Managers / Q4 2020 · view latest →
Brown Financial Advisory
CIK 0001843853 · 54 S. GREENO ROAD., FAIRHOPE, AL, 36532 · 2519289498
Summary
Brown Financial Advisory reported $113M in U.S.-listed holdings across 27 positions for Q4 2020.
The portfolio is heavily concentrated: Spdr alone accounts for 20.3% of reported value.
Portfolio Metrics
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
Portfolio Composition
- ETP · 98.3% · $111M
- Common Stock · 1.7% · $2M
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPDR SER TR | NEW | +520.0K | 520.0K | +$23M | $23M |
| ISHARES TR | NEW | +84.9K | 84.9K | +$18M | $18M |
| VANGUARD BD INDEX FDS | NEW | +152.6K | 152.6K | +$13M | $13M |
| SPDR INDEX SHS FDS | NEW | +354.1K | 354.1K | +$12M | $12M |
| SPDR INDEX SHS FDS | NEW | +259.2K | 259.2K | +$11M | $11M |
| VANGUARD INDEX FDS | NEW | +45.5K | 45.5K | +$9M | $9M |
| SPDR SER TR | NEW | +111.2K | 111.2K | +$4M | $4M |
| ISHARES TR | NEW | +64.2K | 64.2K | +$4M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | RUS 1000 ETF · CORE INTL AGGR · CRE U S REIT ETF · RUS 1000 GRW ETF · RUSSELL 2000 ETF · RUS 1000 VAL ETF · 0-5YR HI YL CP · CORE S&P500 ETF | 27.10% | $31M | 249.2K |
| 2 | SPDR SER TR | PORTFOLIO S&P500 · PORTFOLIO S&P600 · PORTFOLIO AGRGTE | 25.74% | $29M | 702.7K |
| 3 | SPDR INDEX SHS FDS | PORTFOLIO DEVLPD · PORTFOLIO EMG MK | 20.27% | $23M | 613.2K |
| 4 | VANGUARD BD INDEX FDS | TOTAL BND MRKT · SHORT TRM BOND | 12.17% | $14M | 155.9K |
| 5 | VANGUARD INDEX FDS | SMALL CP ETF · TOTAL STK MKT | 8.23% | $9M | 47.7K |
| 6 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 2.93% | $3M | 66.0K |
| 7 | VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX · VNG RUS2000IDX | 1.06% | $1M | 7.0K |
| 8 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.76% | $862,000 | 3.7K |
| 9 | VANGUARD TAX-MANAGED INTL FD | FTSE DEV MKT ETF | 0.55% | $624,000 | 13.2K |
| 10 | MCXMCCORMICK & CO INC | COM NON VTG | 0.29% | $323,000 | 3.4K |
| 11 | VFCV F CORP | COM | 0.28% | $316,000 | 3.7K |
| 12 | SOSOUTHERN CO | COM | 0.23% | $254,000 | 4.1K |
| 13 | OVEROVERSTOCK COM INC DEL | COM | 0.19% | $219,000 | 4.6K |
| 14 | SPDR S&P 500 ETF TR | TR UNIT | 0.19% | $215,000 | 576 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $202M | 49 | Apr 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $198M | 56 | Jan 29, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $191M | 55 | Oct 27, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $181M | 55 | Jul 28, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $160M | 52 | Apr 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $141M | 35 | Jan 24, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $141M | 36 | Oct 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $130M | 32 | Jul 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $129M | 32 | Apr 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $123M | 32 | Jan 26, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $113M | 29 | Oct 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $123M | 30 | Jul 21, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $104M | 28 | Apr 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $97M | 29 | Jan 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $104M | 27 | Oct 21, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $93M | 26 | Jul 18, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $123M | 29 | Apr 29, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $114M | 28 | Jan 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $121M | 26 | Oct 20, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $120M | 26 | Jul 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $113M | 26 | Apr 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $113M | 27 | Feb 11, 2021 | 13F-HR | changes · 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 ↗.