Managers / Q1 2022 · view latest →
Brown Financial Advisory
CIK 0001843853 · 54 S. GREENO ROAD., FAIRHOPE, AL, 36532 · 2519289498
Summary
Brown Financial Advisory reported $123M in U.S.-listed holdings across 29 positions for Q1 2022.
The portfolio is heavily concentrated: SPYM alone accounts for 34.6% of reported value.
Compared with Q4 2021, the fund opened 3 new positions and exited 2.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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 · 97.8% · $120M
- Common Stock · 2.2% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BNDXVANGUARD CHARLOTTE FDS | NEW | +35.4K | 35.4K | +$2M | $2M |
| SUBISHARES TR | NEW | +10.1K | 10.1K | +$1M | $1M |
| LLOEWS CORP | NEW | +3.4K | 3.4K | +$219,000 | $219,000 |
| VTEBVANGUARD MUN BD FDS | ADDED | +152.1K | 175.9K | +$8M | $9M |
| SPDR SER TR | ADDED | +191.5K | 264.5K | +$5M | $7M |
| VTWOVANGUARD SCOTTSDALE FDS | ADDED | +5.3K | 7.9K | +$424,000 | $658,000 |
| BNDVANGUARD BD INDEX FDS | SOLD OUT | −23.8K | 0 | −$2M | $0 |
| AAPLAPPLE INC | SOLD OUT | −1.5K | 0 | −$273,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SPYMSPDR SER TR | PORTFOLIO S&P500 · PORTFOLIO AGRGTE · PORTFOLIO S&P600 | 34.56% | $43M | 934.0K |
| 2 | IWBISHARES TR | RUS 1000 ETF · CRE U S REIT ETF · CORE INTL AGGR · 0-5YR HI YL CP · CORE S&P500 ETF · RUS 1000 GRW ETF · RUS 1000 VAL ETF · SHRT NAT MUN ETF · RUSSELL 2000 ETF | 24.83% | $31M | 221.3K |
| 3 | SPDWSPDR INDEX SHS FDS | PORTFOLIO DEVLPD · PORTFOLIO EMG MK | 17.03% | $21M | 578.4K |
| 4 | VBVANGUARD INDEX FDS | SMALL CP ETF · TOTAL STK MKT | 10.37% | $13M | 59.9K |
| 5 | VTEBVANGUARD MUN BD FDShistory → | TAX EXEMPT BD | 7.37% | $9M | 175.9K |
| 6 | BNDXVANGUARD CHARLOTTE FDShistory → | TOTAL INT BD ETF | 1.51% | $2M | 35.4K |
| 7 | VONEVANGUARD SCOTTSDALE FDS | VNG RUS1000IDX · VNG RUS2000IDX | 1.40% | $2M | 13.1K |
| 8 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 1.13% | $1M | 3.9K |
| 9 | MKCMCCORMICK & CO INC | COM NON VTG | 0.27% | $337,000 | 3.4K |
| 10 | SOSOUTHERN CO | COM | 0.27% | $335,000 | 4.6K |
| 11 | VEAVANGUARD TAX-MANAGED INTL FD | FTSE DEV MKT ETF | 0.27% | $333,000 | 6.9K |
| 12 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 0.26% | $320,000 | 6.9K |
| 13 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.21% | $260,000 | 576 |
| 14 | LLOEWS CORP | COM | 0.18% | $219,000 | 3.4K |
| 15 | VFCV F CORP | COM | 0.17% | $211,000 | 3.7K |
| 16 | BBBYOVERSTOCK COM INC DEL | COM | 0.16% | $201,000 | 4.6K |
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 ↗.