SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Brown Financial Advisory

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

Reported Value
$97M
Q4 2022
Positions
29
Filings on Record
22
2019–present window
Filed
Jan 25, 2023
original filing

Summary

Brown Financial Advisory reported $97M in U.S.-listed holdings across 29 positions for Q4 2022.

The portfolio is heavily concentrated: Spdr alone accounts for 36.1% of reported value.

Compared with Q3 2022, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+88.2%
share of reported value
Largest Position
+36.1%
Spdr
New / Exited
3 / 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: 97.7%Common Stock: 2.3%
  • ETP · 97.7% · $95M
  • Common Stock · 2.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD INDEX FDSNEW+11.4K11.4K+$940,602$940,602
AMERICAN CENTY ETF TRNEW+14.6K14.6K+$734,754$734,754
ABTABBOTT LABSNEW+1.9K1.9K+$209,040$209,040
VANGUARD BD INDEX FDSSOLD OUT−14.3K0−$1M$0
SPDR SER TRTRIMMED−149.7K27.1K−$4M$680,269
VANGUARD TAX-MANAGED FDSTRIMMED−19.5K6.5K−$671,390$274,610
VANGUARD MUN BD FDSTRIMMED−128.2K50.8K−$6M$3M
VANGUARD INTL EQUITY INDEX FTRIMMED−15.5K6.4K−$548,216$249,784

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

Holdings — Q4 2022

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SER TRPORTFOLIO S&P500 · PORTFOLIO S&P600 · PORTFOLIO AGRGTE37.79%$37M831.2K
2ISHARES TRRUS 1000 ETF · CORE INTL AGGR · CRE U S REIT ETF · 0-5YR HI YL CP · CORE S&P500 ETF · RUS 1000 VAL ETF · RUS 1000 GRW ETF · RUSSELL 2000 ETF19.60%$19M203.8K
3SPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK18.16%$18M565.9K
4VANGUARD INDEX FDSSMALL CP ETF · REAL ESTATE ETF · TOTAL STK MKT13.95%$14M79.9K
5VANGUARD SCOTTSDALE FDSVNG RUS1000IDX · VNG RUS2000IDX2.81%$3M17.7K
6VANGUARD MUN BD FDSTAX EXEMPT BD2.59%$3M50.8K
7VANGUARD CHARLOTTE FDSTOTAL INT BD ETF1.29%$1M26.4K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.25%$1M3.9K
9AMERICAN CENTY ETF TRAVANTIS EMGMKT0.76%$734,75414.6K
10ABBVABBVIE INCCOM0.30%$291,5441.8K
11MCXMCCORMICK & CO INCCOM NON VTG0.29%$280,1683.4K
12VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.28%$274,6106.5K
13VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.26%$249,7846.4K
14SPDR S&P 500 ETF TRTR UNIT0.23%$220,280576
15SOSOUTHERN COCOM0.22%$216,9443.0K
16ABTABBOTT LABSCOM0.22%$209,0401.9K

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 ↗.