SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Brown Financial Advisory

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

Reported Value
$160M
Q1 2025
Positions
52
Filings on Record
22
2019–present window
Filed
Apr 30, 2025
original filing

Summary

Brown Financial Advisory reported $160M in U.S.-listed holdings across 52 positions for Q1 2025.

The portfolio is heavily concentrated: Spdr alone accounts for 39.6% of reported value.

Compared with Q4 2024, the fund opened 20 new positions and exited 3.

Portfolio Metrics

Turnover
+6.7%
vs prior filed quarter
Top-10 Concentration
+86.9%
share of reported value
Largest Position
+39.6%
Spdr
New / Exited
20 / 3
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: 94.4%Common Stock: 5.6%
  • ETP · 94.4% · $151M
  • Common Stock · 5.6% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DIMENSIONAL ETF TRUSTNEW+334.6K334.6K+$16M$16M
VANGUARD WHITEHALL FDSNEW+6.4K6.4K+$827,797$827,797
FIDELITY MERRIMACK STR TRNEW+13.7K13.7K+$625,480$625,480
ISHARES TRNEW+6.2K6.2K+$583,946$583,946
SCHWAB STRATEGIC TRNEW+16.9K16.9K+$398,932$398,932
INVESCO EXCHANGE TRADED FD TNEW+3.4K3.4K+$313,528$313,528
NVDANVIDIA CORPORATIONNEW+2.8K2.8K+$303,054$303,054
INVESCO EXCH TRD SLF IDX FDNEW+15.4K15.4K+$301,138$301,138

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

Holdings — Q1 2025

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SER TRPORTFOLIO S&P500 · PORTFLI HIGH YLD · PORTFOLIO S&P600 · PORTFOLIO AGRGTE · MSCI USA STRTGIC40.91%$66M1.03M
2DFARDIMENSIONAL ETF TRUSTEMERGING MRKTETS · US REAL ESTATE E16.90%$27M802.2K
3VANGUARD INDEX FDSSMALL CP ETF · TOTAL STK MKT · REAL ESTATE ETF · EXTEND MKT ETF14.77%$24M109.5K
4ISHARES TRRUS 1000 ETF · RUS 1000 GRW ETF · CORE S&P500 ETF · RUS 1000 VAL ETF · MSCI USA MIN VOL · CRE U S REIT ETF · RUSSELL 2000 ETF · MSCI INTL QUALTY9.23%$15M65.0K
5SPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK6.44%$10M279.4K
6VGSHVANGUARD SCOTTSDALE FDSVNG RUS1000IDX · SHORT TERM TREAS · VNG RUS2000IDX2.22%$4M19.6K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.39%$2M4.2K
8AMERICAN CENTY ETF TRINTL EQT ETF · AVANTIS EMGMKT1.27%$2M31.2K
9INVESCO EXCH TRD SLF IDX FDBULSHS 2027 CB · INVSCO BLSH 28 · BULETSHS 20290.56%$902,20746.4K
10AAPLAPPLE INCCOM0.52%$837,3863.8K
11VANGUARD WHITEHALL FDSHIGH DIV YLD0.52%$827,7976.4K
12MSFTMICROSOFT CORPCOM0.51%$810,4722.2K
13SSFSENSIENT TECHNOLOGIES CORPCOM0.49%$787,39510.6K
14ABBVABBVIE INCCOM0.40%$639,2173.1K
15FIDELITY MERRIMACK STR TRTOTAL BD ETF0.39%$625,48013.7K
16SPDR S&P 500 ETF TRTR UNIT0.27%$429,522768
17SCHWAB STRATEGIC TRFUNDAMENTAL US L0.25%$398,93216.9K
18VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.21%$328,9216.5K
19INVESCO EXCHANGE TRADED FD TS&P MDCP QUALITY0.20%$313,5283.4K
20LLOEWS CORPCOM0.19%$310,3813.4K
21NVDANVIDIA CORPORATIONCOM0.19%$303,0542.8K
22HDHOME DEPOT INCCOM0.18%$294,154803
23SOSOUTHERN COCOM0.16%$257,7222.8K
24VANGUARD WORLD FDMEGA CAP INDEX0.15%$241,2631.2K
25WMTWALMART INCCOM0.15%$240,2952.7K
26ABTABBOTT LABSCOM0.15%$239,3011.8K
27AMZNAMAZON COM INCCOM0.14%$226,9811.2K
28JPMJPMORGAN CHASE & CO.COM0.14%$225,189918

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 ↗.