SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Brown Financial Advisory

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

Reported Value
$123M
Q2 2023
Positions
30
Filings on Record
22
2019–present window
Filed
Jul 21, 2023
original filing

Summary

Brown Financial Advisory reported $123M in U.S.-listed holdings across 30 positions for Q2 2023.

The portfolio is heavily concentrated: Spdr alone accounts for 35.9% of reported value.

Compared with Q1 2023, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+1.1%
vs prior filed quarter
Top-10 Concentration
+89.8%
share of reported value
Largest Position
+35.9%
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: 97.3%Common Stock: 2.7%
  • ETP · 97.3% · $119M
  • Common Stock · 2.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AAPLAPPLE INCNEW+1.1K1.1K+$220,544$220,544
ABTABBOTT LABSNEW+1.9K1.9K+$207,575$207,575
LLOEWS CORPNEW+3.4K3.4K+$200,527$200,527
DFARDIMENSIONAL ETF TRUSTADDED+546.1K619.9K+$12M$13M
SOSOUTHERN COSOLD OUT−3.3K0−$232,746$0
ISHARES TRTRIMMED−9.6K26.5K−$458,430$1M
ISHARES TRADDED+8.5K65.9K+$439,063$3M
SPDR SER TRTRIMMED−2.8K20.0K−$82,788$776,140

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

Holdings — Q2 2023

19 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SER TRPORTFOLIO S&P500 · PORTFOLIO S&P60036.52%$45M863.9K
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 ETF16.35%$20M191.4K
3SPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK14.82%$18M544.8K
4VANGUARD INDEX FDSSMALL CP ETF · TOTAL STK MKT11.88%$15M73.0K
5DFARDIMENSIONAL ETF TRUSThistory →US REAL ESTATE E10.89%$13M619.9K
6VANGUARD SCOTTSDALE FDSVNG RUS1000IDX · VNG RUS2000IDX2.49%$3M17.3K
7VANGUARD MUN BD FDSTAX EXEMPT BD2.08%$3M50.8K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.09%$1M3.9K
9VANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.97%$1M24.3K
10SSFSENSIENT TECHNOLOGIES CORPCOM0.64%$782,85711.0K
11AMERICAN CENTY ETF TRAVANTIS EMGMKT0.63%$769,69914.3K
12VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.25%$302,1566.5K
13MCXMCCORMICK & CO INCCOM NON VTG0.24%$294,8383.4K
14SPDR S&P 500 ETF TRTR UNIT0.24%$289,906654
15VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.21%$254,9426.3K
16ABBVABBVIE INCCOM0.20%$243,0531.8K
17AAPLAPPLE INCCOM0.18%$220,5441.1K
18ABTABBOTT LABSCOM0.17%$207,5751.9K
19LLOEWS CORPCOM0.16%$200,5273.4K

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 ↗.