Managers / Q3 2021 · view latest →
Brown Financial Advisory
CIK 0001843853 · 54 S. GREENO ROAD., FAIRHOPE, AL, 36532 · 2519289498
Summary
Brown Financial Advisory reported $121M in U.S.-listed holdings across 26 positions for Q3 2021.
The portfolio is heavily concentrated: Spdr alone accounts for 24.4% of reported value.
The book was largely unchanged from Q2 2021.
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 · 98.2% · $119M
- Common Stock · 1.8% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHARES TR | ADDED | +7.7K | 88.1K | +$417,000 | $5M |
| VANGUARD BD INDEX FDS | ADDED | +12.2K | 203.5K | +$960,000 | $17M |
| ISHARES TR | TRIMMED | −297 | 4.6K | −$117,000 | $1M |
| ISHARES TR | HELD | −316 | 6.0K | −$70,000 | $2M |
| SPDR SER TR | HELD | +26.4K | 587.0K | +$1M | $30M |
| ISHARES TR | HELD | +1.3K | 30.8K | +$48,000 | $1M |
| VANGUARD SCOTTSDALE FDS | HELD | +202 | 5.4K | +$40,000 | $1M |
| VANGUARD INDEX FDS | HELD | +1.9K | 54.3K | +$66,000 | $12M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SPDR SER TR | PORTFOLIO S&P500 · PORTFOLIO AGRGTE · PORTFOLIO S&P600 | 27.62% | $34M | 702.1K |
| 2 | ISHARES TR | RUS 1000 ETF · CORE INTL AGGR · CRE U S REIT ETF · RUS 1000 GRW ETF · 0-5YR HI YL CP · CORE S&P500 ETF · RUS 1000 VAL ETF · RUSSELL 2000 ETF | 26.68% | $32M | 260.5K |
| 3 | SPDR INDEX SHS FDS | PORTFOLIO DEVLPD · PORTFOLIO EMG MK | 17.59% | $21M | 549.3K |
| 4 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 14.33% | $17M | 203.5K |
| 5 | VANGUARD INDEX FDS | SMALL CP ETF · TOTAL STK MKT | 10.15% | $12M | 56.3K |
| 6 | VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX · VNG RUS2000IDX | 1.07% | $1M | 8.0K |
| 7 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.81% | $985,000 | 3.6K |
| 8 | VANGUARD TAX-MANAGED INTL FD | FTSE DEV MKT ETF | 0.29% | $357,000 | 7.1K |
| 9 | OVEROVERSTOCK COM INC DEL | COM | 0.29% | $356,000 | 4.6K |
| 10 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 0.29% | $353,000 | 7.1K |
| 11 | SOSOUTHERN CO | COM | 0.24% | $286,000 | 4.6K |
| 12 | MCXMCCORMICK & CO INC | COM NON VTG | 0.23% | $274,000 | 3.4K |
| 13 | VFCV F CORP | COM | 0.20% | $248,000 | 3.7K |
| 14 | SPDR S&P 500 ETF TR | TR UNIT | 0.20% | $247,000 | 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 ↗.