SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Brown Financial Advisory

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

Reported Value
$181M
Q2 2025
Positions
55
Filings on Record
22
2019–present window
Filed
Jul 28, 2025
original filing

Summary

Brown Financial Advisory reported $181M in U.S.-listed holdings across 55 positions for Q2 2025.

The portfolio is heavily concentrated: Spdr Series alone accounts for 41.3% of reported value.

Compared with Q1 2025, the fund opened 5 new positions and exited 1.

Portfolio Metrics

Turnover
+5.4%
vs prior filed quarter
Top-10 Concentration
+85.2%
share of reported value
Largest Position
+41.3%
Spdr Series
New / Exited
5 / 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: 94.8%Common Stock: 5.2%
  • ETP · 94.8% · $172M
  • Common Stock · 5.2% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD WORLD FDNEW+2.1K2.1K+$274,342$274,342
SCHWAB STRATEGIC TRNEW+8.2K8.2K+$240,692$240,692
VANGUARD INDEX FDSNEW+1.5K1.5K+$240,565$240,565
WISDOMTREE TRNEW+4.7K4.7K+$234,794$234,794
PIMCO ETF TRNEW+2.2K2.2K+$205,009$205,009
SPDR SERIES TRUSTADDED+71.4K87.1K+$2M$2M
AMZNAMAZON COM INCADDED+1.3K2.5K+$330,489$557,470
CHVCHEVRON CORP NEWSOLD OUT−9.2K0−$2M$0

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

Holdings — Q2 2025

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SERIES TRUSTPORTFOLIO S&P500 · PORTFOLIO AGRGTE · PORTFLI HIGH YLD · PORTFOLIO S&P600 · MSCI USA STRTGIC43.57%$79M1.17M
2VANGUARD INDEX FDSSMALL CP ETF · TOTAL STK MKT · REAL ESTATE ETF · EXTEND MKT ETF16.13%$29M126.2K
3DFARDIMENSIONAL ETF TRUSTEMERGING MRKTETS · US REAL ESTATE E12.66%$23M515.2K
4ISHARES TRRUS 1000 ETF · RUS 1000 GRW ETF · CORE S&P500 ETF · RUS 1000 VAL ETF · MSCI USA MIN VOL · RUSSELL 2000 ETF · CRE U S REIT ETF · MSCI INTL QUALTY9.09%$16M67.4K
5SPDR INDEX SHS FDSPORTFOLIO DEVLPD · PORTFOLIO EMG MK5.99%$11M265.7K
6VGSHVANGUARD SCOTTSDALE FDSVNG RUS1000IDX · SHORT TERM TREAS · VNG RUS2000IDX2.19%$4M20.9K
7AMERICAN CENTY ETF TRINTL EQT ETF · AVANTIS EMGMKT1.26%$2M31.2K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.17%$2M4.3K
9MSFTMICROSOFT CORPCOM0.88%$2M3.2K
10INVESCO EXCH TRD SLF IDX FDBULETSHS 2029 · INVSCO BLSH 28 · BULSHS 2027 CB0.70%$1M65.0K
11AAPLAPPLE INCCOM0.64%$1M5.7K
12VANGUARD WHITEHALL FDSHIGH DIV YLD0.61%$1M8.3K
13VANGUARD WORLD FDMEGA CAP INDEX · MEGA CAP VAL ETF0.44%$799,3824.4K
14FIDELITY MERRIMACK STR TRTOTAL BD ETF0.41%$745,13016.3K
15ABBVABBVIE INCCOM0.38%$689,1663.7K
16SSFSENSIENT TECHNOLOGIES CORPCOM0.36%$648,1646.6K
17SCHWAB STRATEGIC TRFUNDAMENTAL US L0.34%$621,19725.3K
18NVDANVIDIA CORPORATIONCOM0.34%$607,9543.8K
19AMZNAMAZON COM INCCOM0.31%$557,4702.5K
20SPDR S&P 500 ETF TRTR UNIT0.26%$474,409768
21WMTWALMART INCCOM0.26%$464,9804.8K
22VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.25%$450,5437.9K
23INVESCO EXCHANGE TRADED FD TS&P MDCP QUALITY0.23%$415,4914.2K
24HDHOME DEPOT INCCOM0.21%$386,2491.1K
25SOSOUTHERN COCOM0.20%$371,3014.0K
26JPMJPMORGAN CHASE & CO.COM0.19%$342,9041.2K
27LLOEWS CORPCOM0.17%$309,5363.4K
28ABTABBOTT LABSCOM0.14%$245,3631.8K

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 ↗.