SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Brown Financial Advisory

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

Reported Value
$114M
Q4 2021
Positions
28
Filings on Record
22
2019–present window
Filed
Jan 27, 2022
original filing

Summary

Brown Financial Advisory reported $114M in U.S.-listed holdings across 28 positions for Q4 2021.

The portfolio is heavily concentrated: Spdr alone accounts for 29.1% of reported value.

Compared with Q3 2021, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+7.2%
vs prior filed quarter
Top-10 Concentration
+88.3%
share of reported value
Largest Position
+29.1%
Spdr

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: 97.6%Common Stock: 2.4%
  • ETP · 97.6% · $111M
  • Common Stock · 2.4% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD MUN BD FDSNEW+23.8K23.8K+$1M$1M
AAPLAPPLE INCNEW+1.5K1.5K+$273,000$273,000
VANGUARD BD INDEX FDSTRIMMED−179.7K23.8K−$15M$2M
BRK/BBERKSHIRE HATHAWAY INC DELADDED+5254.1K+$251,000$1M
ISHARES TRTRIMMED−5315.5K+$27,000$2M
SPDR INDEX SHS FDSADDED+19.8K250.1K+$584,000$10M
SPDR SER TRTRIMMED−4.8K73.0K−$159,000$2M
ISHARES TRTRIMMED−4416.8K+$8,000$1M

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

Holdings — Q4 2021

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SER TRPORTFOLIO S&P500 · PORTFOLIO AGRGTE · PORTFOLIO S&P60032.51%$37M705.8K
2ISHARES TRRUS 1000 ETF · CORE INTL AGGR · CRE U S REIT ETF · RUS 1000 GRW ETF · CORE S&P500 ETF · 0-5YR HI YL CP · RUS 1000 VAL ETF · RUSSELL 2000 ETF29.69%$34M255.5K
3SPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK19.11%$22M563.0K
4VANGUARD INDEX FDSSMALL CP ETF · TOTAL STK MKT11.33%$13M57.0K
5VANGUARD BD INDEX FDSTOTAL BND MRKT1.77%$2M23.8K
6VANGUARD SCOTTSDALE FDSVNG RUS1000IDX · VNG RUS2000IDX1.23%$1M8.0K
7VANGUARD MUN BD FDSTAX EXEMPT BD1.15%$1M23.8K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.08%$1M4.1K
9VANGUARD TAX-MANAGED INTL FDFTSE DEV MKT ETF0.32%$361,0007.1K
10VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.31%$349,0007.1K
11MCXMCCORMICK & CO INCCOM NON VTG0.29%$327,0003.4K
12SOSOUTHERN COCOM0.28%$316,0004.6K
13SPDR S&P 500 ETF TRTR UNIT0.24%$274,000576
14AAPLAPPLE INCCOM0.24%$273,0001.5K
15VFCV F CORPCOM0.24%$271,0003.7K
16OVEROVERSTOCK COM INC DELCOM0.24%$270,0004.6K

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 ↗.