SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Brown Financial Advisory

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

Reported Value
$104M
Q3 2022
Positions
27
Filings on Record
22
2019–present window
Filed
Oct 21, 2022
original filing

Summary

Brown Financial Advisory reported $104M in U.S.-listed holdings across 27 positions for Q3 2022.

The portfolio is heavily concentrated: Spdr alone accounts for 31.1% of reported value.

Compared with Q2 2022, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+9.0%
vs prior filed quarter
Top-10 Concentration
+87.0%
share of reported value
Largest Position
+31.1%
Spdr
New / Exited
2 / 1
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: 98.2%Common Stock: 1.8%
  • ETP · 98.2% · $102M
  • Common Stock · 1.8% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD BD INDEX FDSNEW+14.3K14.3K+$1M$1M
ABBVABBVIE INCNEW+1.8K1.8K+$242,000$242,000
VANGUARD MUN BD FDSADDED+168.4K179.0K+$8M$9M
VANGUARD TAX-MANAGED FDSADDED+19.4K26.0K+$675,000$946,000
VANGUARD CHARLOTTE FDSADDED+25.5K36.6K+$1M$2M
VANGUARD SCOTTSDALE FDSADDED+10.6K16.2K+$2M$3M
VANGUARD INTL EQUITY INDEX FADDED+14.1K21.9K+$473,000$798,000
LLOEWS CORPSOLD OUT−3.4K0−$200,000$0

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

Holdings — Q3 2022

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SER TRPORTFOLIO S&P500 · PORTFOLIO AGRGTE · PORTFOLIO S&P60036.23%$38M975.7K
2ISHARES TRRUS 1000 ETF · CORE INTL AGGR · 0-5YR HI YL CP · CRE U S REIT ETF · CORE S&P500 ETF · RUS 1000 GRW ETF · RUS 1000 VAL ETF · RUSSELL 2000 ETF17.98%$19M215.3K
3SPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK17.11%$18M633.9K
4VANGUARD INDEX FDSSMALL CP ETF · TOTAL STK MKT11.10%$12M67.5K
5VANGUARD MUN BD FDSTAX EXEMPT BD8.27%$9M179.0K
6VANGUARD SCOTTSDALE FDSVNG RUS1000IDX · VNG RUS2000IDX2.97%$3M22.9K
7VANGUARD CHARLOTTE FDSTOTAL INT BD ETF1.68%$2M36.6K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.01%$1M3.9K
9VANGUARD BD INDEX FDSINTERMED TERM1.01%$1M14.3K
10VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.91%$946,00026.0K
11VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.77%$798,00021.9K
12SOSOUTHERN COCOM0.30%$314,0004.6K
13ABBVABBVIE INCCOM0.23%$242,0001.8K
14MCXMCCORMICK & CO INCCOM NON VTG0.23%$241,0003.4K
15SPDR S&P 500 ETF TRTR UNIT0.20%$206,000576

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 ↗.