Brandywine Financial Group — 13F Holdings & Portfolio
CIK 1779506 · latest 13F-HR filed 2026-07-06
Brandywine Financial Group manages $8.4M in 13F-reported U.S. long-equity assets across 20 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are PHYS (78.05%), XLE (8.22%), COST (6.69%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions and exited 18; 6 existing positions rose in reported value and 10 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$8.4M
Long-equity book
Holdings
20
Distinct positions
Period
2026-06-30
Filed 2026-07-06
Q/Q Activity
+2 / −18 / ↑6 / ↓10
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 99.2%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Sep 29, 2026.
Assets Under Management
$65.44B
Discretionary
$60.69B
Employees
157
Accounts
977
Address
1735 MARKET STREET
SUITE 1800
PHILADELPHIA, PA 19103
SUITE 1800
PHILADELPHIA, PA 19103
Phone
(215) 609-3500
This firm reports 3 disclosure items on its registration.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| CORREA, CHRISTIAN, KANAN Control | EXECUTIVE VICE PRESIDENT AND CHIEF INVESTMENT OFFICER since Feb 2026 | Less than 5% | Individual |
| DAVIS, BJORN, ANTHONY Control | CHIEF COMPLIANCE OFFICER since Sep 2026 | Less than 5% | Individual |
| DESAI, SONAL Control | EXECUTIVE VICE PRESIDENT AND DIRECTOR since Feb 2026 | Less than 5% | Individual |
| FETTER, THEODORE, W Control | SENIOR MANAGING DIRECTOR since Oct 2023 | Less than 5% | Individual |
| KASER, PATRICK, STANLEY Control | SENIOR MANAGING DIRECTOR since Jul 2012 | Less than 5% | Individual |
| LAWRENCE, RICHARD Control | SENIOR MANAGING DIRECTOR since Oct 2023 | Less than 5% | Individual |
| LEGG MASON, INC. Control | MANAGING MEMBER since Jan 1998 | 75% or more | Domestic Entity |
| OTTO, HENRY, FRED Control | SENIOR MANAGING DIRECTOR since Jul 1998 | Less than 5% | Individual |
| SAREEN, ANUJEET, SINGH Control | SENIOR MANAGING DIRECTOR since Oct 2023 | Less than 5% | Individual |
| TONKOVICH, STEVEN, MATHEW Control | SENIOR MANAGING DIRECTOR since Aug 2003 | Less than 5% | Individual |
| FRANKLIN TEMPLETON, INC. Control Indirect owner via LEGG MASON, INC. | SOLE SHAREHOLDER OF LEGG MASON, INC. since Jul 2020 | 75% or more | Domestic Entity |
Ownership & leadership changes · 22 filings with changes since Mar 30, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Sep 29, 2026 filing
- No longer listedLAMENT, LEIGH, DORAN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Oct 2024
- AddedDAVIS, BJORN, ANTHONY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Sep 16, 2026 filing
- No longer listedFRANKLIN RESOURCES, INC. · SOLE SHAREHOLDER OF LEGG MASON, INC. · 75% or more · indirect via LEGG MASON, INC. · control person · listed since Jul 2020
- AddedFRANKLIN TEMPLETON, INC. · SOLE SHAREHOLDER OF LEGG MASON, INC. · 75% or more · indirect via LEGG MASON, INC. · control person
Jul 1, 2026 filing
- No longer listedMURPHY, TERRENCE, JAMES · ELECTED MANAGER · Less than 5% · control person · listed since Jan 2024
- No longer listedNICHOLLS, MATTHEW · ELECTED MANAGER · Less than 5% · control person · listed since Aug 2020
- No longer listedOH, SEOK, SELENE · DIRECTOR · Less than 5% · control person · listed since Apr 2025
- No longer listedSPECTOR, ADAM, BENJAMIN · ELECTED MANAGER · Less than 5% · control person · listed since Jan 2015
- No longer listedWILCHUSKY, SUSAN, BORESKI · SENIOR MANAGING DIRECTOR · Less than 5% · control person · listed since Oct 2023
May 5, 2026 filing
- No longer listedCURTIS, JONATHAN, TOURTELLOTTE · EXECUTIVE VICE PRESIDENT AND CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Feb 2026
Feb 2, 2026 filing
- No longer listedHOFFMAN, DAVID, FENNO · SENIOR MANAGING DIRECTOR · Less than 5% · control person · listed since Oct 2007
- AddedCORREA, CHRISTIAN, KANAN · EXECUTIVE VICE PRESIDENT AND CHIEF INVESTMENT OFFICER · Less than 5% · control person
- AddedCURTIS, JONATHAN, TOURTELLOTTE · EXECUTIVE VICE PRESIDENT AND CHIEF INVESTMENT OFFICER · Less than 5% · control person
- AddedDESAI, SONAL · EXECUTIVE VICE PRESIDENT AND DIRECTOR · Less than 5% · control person
May 14, 2025 filing
- No longer listedPLAFKER, JED, ANDREW · ELECTED MANAGER · Less than 5% · control person · listed since Aug 2020
- AddedOH, SEOK, SELENE · DIRECTOR · Less than 5% · control person
Apr 4, 2025 filing
- No longer listedGLASSMAN, MARK, PAUL · CHIEF ADMINISTRATIVE OFFICER · Less than 5% · control person · listed since Jan 2007
- No longer listedMARZULLO, CHRISTOPHER, DAVID · GENERAL COUNSEL · Less than 5% · control person · listed since Mar 2007
Sep 27, 2024 filing
- AddedLAMENT, LEIGH, DORAN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedMARZULLO, CHRISTOPHER, DAVID · title GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER → GENERAL COUNSEL
Jan 12, 2024 filing
- AddedMURPHY, TERRENCE, JAMES · ELECTED MANAGER · Less than 5% · control person
- ChangedSPECTOR, ADAM, BENJAMIN · title ELECTED MANAGER & MANAGING PARTNER → ELECTED MANAGER
Dec 21, 2023 filing
- AddedFETTER, THEODORE, W · SENIOR MANAGING DIRECTOR · Less than 5% · control person
- AddedLAWRENCE, RICHARD · SENIOR MANAGING DIRECTOR · Less than 5% · control person
- AddedSAREEN, ANUJEET, SINGH · SENIOR MANAGING DIRECTOR · Less than 5% · control person
- AddedWILCHUSKY, SUSAN, BORESKI · SENIOR MANAGING DIRECTOR · Less than 5% · control person
- ChangedHOFFMAN, DAVID, FENNO · title ELECTED MANAGER - SENIOR MANAGING DIRECTOR → SENIOR MANAGING DIRECTOR
- ChangedOTTO, HENRY, FRED · title ELECTED MANAGER - SENIOR MANAGING DIRECTOR → SENIOR MANAGING DIRECTOR
- ChangedSPECTOR, ADAM, BENJAMIN · title ELECTED MANAGER - MANAGING PARTNER → ELECTED MANAGER & MANAGING PARTNER
Older changes (13 more filings)
Jul 13, 2023 filing
- No longer listedFRANKLIN RESOURCES, INC. · SOLE SHAREHOLDER OF LEGG MASON, INC. · 75% or more · control person · listed since Jul 2020
- AddedFRANKLIN RESOURCES, INC. · SOLE SHAREHOLDER OF LEGG MASON, INC. · 75% or more · indirect via LEGG MASON, INC. · control person
Jan 20, 2021 filing
- No longer listedSMITH, STEPHEN, SCOTT · SENIOR MANAGING DIRECTOR · Less than 5% · control person · listed since Jul 1998
- ChangedKASER, PATRICK, STANLEY · title MANAGING DIRECTOR → SENIOR MANAGING DIRECTOR
Aug 17, 2020 filing
- No longer listedGORMAN, GREGG, D · ELECTED MANAGER · Less than 5% · control person · listed since Jan 2020
- No longer listedJOHNSON, TERENCE, MATTHEW · ELECTED MANAGER · Less than 5% · control person · listed since Dec 2019
- No longer listedLATTIN, PATRICIA · ELECTED MANAGER · Less than 5% · control person · listed since Jul 2015
- AddedFRANKLIN RESOURCES, INC. · SOLE SHAREHOLDER OF LEGG MASON, INC. · 75% or more · control person
- AddedNICHOLLS, MATTHEW · ELECTED MANAGER · Less than 5% · control person
- AddedPLAFKER, JED, ANDREW · ELECTED MANAGER · Less than 5% · control person
Jun 19, 2020 filing
- No longer listedKENNEY, JOHN, DUFF · ELECTED MANAGER · Less than 5% · control person · listed since Jul 2015
- AddedGORMAN, GREGG, D · ELECTED MANAGER · Less than 5% · control person
- AddedJOHNSON, TERENCE, MATTHEW · ELECTED MANAGER · Less than 5% · control person
Jun 28, 2019 filing
- No longer listedSCHLIESSLER, URSULA, AMELIE · ELECTED MANAGER · Less than 5% · control person · listed since May 2017
Sep 28, 2018 filing
- No longer listedMASOM, JEFFREY, SCOTT · ELECTED MANAGER · Less than 5% · control person · listed since Jul 2015
Jun 29, 2017 filing
- No longer listedJOHNSON, TERRENCE, ANDREW · ELECTED MANAGER · Less than 5% · control person · listed since Jul 2015
- AddedSCHLIESSLER, URSULA, AMELIE · ELECTED MANAGER · Less than 5% · control person
Aug 19, 2015 filing
- ChangedGLASSMAN, MARK, PAUL · title EXECUTIVE VICE PRESIDENT & CHIEF ADMINISTRATIVE OFFICER → CHIEF ADMINISTRATIVE OFFICER
- ChangedHOFFMAN, DAVID, FENNO · title EXECUTIVE VICE PRESIDENT & MANAGER → ELECTED MANAGER - SENIOR MANAGING DIRECTOR
- ChangedJOHNSON, TERRENCE, ANDREW · title NON-EMPLOYEE MANAGER → ELECTED MANAGER
- ChangedKENNEY, JOHN, DUFF · title NON-EMPLOYEE MANAGER → ELECTED MANAGER
- ChangedLATTIN, PATRICIA · title NON-EMPLOYEE MANAGER → ELECTED MANAGER
- ChangedLEGG MASON, INC. · title SHAREHOLDER → MANAGING MEMBER
- ChangedMASOM, JEFFREY, SCOTT · title NON-EMPLOYEE MANAGER → ELECTED MANAGER
- ChangedOTTO, HENRY, FRED · title MANAGING DIRECTOR → ELECTED MANAGER - SENIOR MANAGING DIRECTOR
- ChangedSMITH, STEPHEN, SCOTT · title MANAGING DIRECTOR → SENIOR MANAGING DIRECTOR
- ChangedSPECTOR, ADAM, BENJAMIN · title MANAGING PARTNER → ELECTED MANAGER - MANAGING PARTNER
- ChangedTONKOVICH, STEVEN, MATHEW · title MANAGING DIRECTOR → SENIOR MANAGING DIRECTOR
Jul 24, 2015 filing
- No longer listedNACHTWEY, PETER, HAMILTON · NON-EMPLOYEE MANAGER · Less than 5% · control person · listed since Apr 2011
- No longer listedWILLIAMS MURPHY, JENNIFER · NON-EMPLOYEE MANAGER · Less than 5% · control person · listed since Aug 2013
- AddedJOHNSON, TERRENCE, ANDREW · NON-EMPLOYEE MANAGER · Less than 5% · control person
- AddedKASER, PATRICK, STANLEY · MANAGING DIRECTOR · Less than 5% · control person
- AddedKENNEY, JOHN, DUFF · NON-EMPLOYEE MANAGER · Less than 5% · control person
- AddedLATTIN, PATRICIA · NON-EMPLOYEE MANAGER · Less than 5% · control person
- AddedMASOM, JEFFREY, SCOTT · NON-EMPLOYEE MANAGER · Less than 5% · control person
- AddedOTTO, HENRY, FRED · MANAGING DIRECTOR · Less than 5% · control person
- AddedSMITH, STEPHEN, SCOTT · MANAGING DIRECTOR · Less than 5% · control person
- AddedTONKOVICH, STEVEN, MATHEW · MANAGING DIRECTOR · Less than 5% · control person
Jun 29, 2015 filing
- AddedSPECTOR, ADAM, BENJAMIN · MANAGING PARTNER · Less than 5% · control person
Jun 26, 2014 filing
- AddedWILLIAMS MURPHY, JENNIFER · NON-EMPLOYEE MANAGER · Less than 5% · control person
Jun 27, 2013 filing
- No longer listedDEWHURST, RONALD, RICHARD · NON-EMPLOYEE MANAGER · Less than 5% · control person · listed since Apr 2011
Mar 30, 2012 filing (earliest on record)
- ListedDEWHURST, RONALD, RICHARD · NON-EMPLOYEE MANAGER · Less than 5% · control person
- ListedGLASSMAN, MARK, PAUL · EXECUTIVE VICE PRESIDENT & CHIEF ADMINISTRATIVE OFFICER · Less than 5% · control person
- ListedHOFFMAN, DAVID, FENNO · EXECUTIVE VICE PRESIDENT & MANAGER · Less than 5% · control person
- ListedLEGG MASON, INC. · SHAREHOLDER · 75% or more · control person
- ListedMARZULLO, CHRISTOPHER, DAVID · GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedNACHTWEY, PETER, HAMILTON · NON-EMPLOYEE MANAGER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- SELECT SECTOR SPDR ETF STATE STREET CONSUMERS STAPLES$688.1K +74872.8%
- INVESCO QQQ TR ETF UNIT SER 1$99.4K +2725.0%
- GE AEROSPACE NEW$15.8K +31.4%
- GE VERNOVA LLC$13.6K +35.4%
- WSFS FINANCIAL CORP$625 +45.5%
Top Trims
- EXCHANGE LISTED FDS ETF TR PLUS KOREA DEFENSE IND INDEX-$15.8M -100.0%
- TESLA INC-$7.0M -99.7%
- BITWISE XRP ETF BENEFICIAL INT-$411.3K -97.9%
- COSTCO WHSL CORP NEW COM-$36.9K -6.2%
- LOWES COMPANIES INC-$13.0K -6.9%
Exited Positions
- AMPLIFY JUNIOR SILVR ETF$13.6M
- INVESCO QQQ TR ETF UNIT SER 1$11.9M
- ALPHABET INC VOTING CAP STK CL A$9.9M
- DANAHER CORP$8.7M
- SPROTT FDS TR ETF URANIUM MINERS$7.1M
Brandywine Financial Group Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | SPROTT PHYSICAL GOLD TR UNIT | PHYS | 85207T106 | $6.5M | 78.05% | 216,924 | SH |
| 2 | SELECT SECTOR SPDR ETF STATE STREET CONSUMERS STAPLES | XLE | 81369Y506 | $689.0K | 8.22% | 8,289 | SH |
| 3 | COSTCO WHSL CORP NEW COM | COST | 22160K105 | $561.0K | 6.69% | 600 | SH |
| 4 | LOWES COMPANIES INC | LOW | 548661107 | $176.0K | 2.10% | 800 | SH |
| 5 | INVESCO QQQ TR ETF UNIT SER 1 | RSP | 46137V357 | $103.0K | 1.23% | 140 | SH |
| 6 | GE AEROSPACE NEW | GE | 369604301 | $66.0K | 0.79% | 177 | SH |
| 7 | GE VERNOVA LLC | GEV | 36828A101 | $52.0K | 0.62% | 44 | SH |
| 8 | EXXON MOBIL CORP | XOM | 30231G102 | $43.0K | 0.51% | 311 | SH |
| 9 | HUNTINGTON INGALLS INDUSTRIES INC | HUBG | 443320106 | $43.0K | 0.51% | 155 | SH |
| 10 | CHEVRON CORPORATION | CVX | 166764100 | $40.0K | 0.48% | 242 | SH |
| 11 | TESLA INC | TSLA | 88160R101 | $23.0K | 0.27% | 55 | SH |
| 12 | PFIZER INCORPORATED | PFE | 717081103 | $12.0K | 0.14% | 500 | SH |
| 13 | BITWISE XRP ETF BENEFICIAL INT | XRP | 09174F107 | $9.0K | 0.11% | 744 | SH |
| 14 | GAMESTOP CORP CLASS A | GME | 36467W109 | $6.0K | 0.07% | 250 | SH |
| 15 | EXCHANGE LISTED FDS ETF TR PLUS KOREA DEFENSE IND INDEX | TILL | 53656F144 | $6.0K | 0.07% | 154 | SH |
| 16 | GE HEALTHCARE TECHS INC | GEHC | 36266G107 | $4.0K | 0.05% | 59 | SH |
| 17 | MID PENN BANCORP INC | MPB | 59540G107 | $3.0K | 0.04% | 100 | SH |
| 18 | WSFS FINANCIAL CORP | WSFS | 929328102 | $2.0K | 0.02% | 21 | SH |
| 19 | WABTEC | WAB | 929740108 | $2.0K | 0.02% | 7 | SH |
| 20 | VIATRIS INC COM | VTRS | 92556V906 | $1.0K | 0.01% | 78 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-06 | $8.4M | 20 | 0001779506-26-000004 |
| 2026-03-31 | 2026-06-10 | $117.8M | 36 | 0001779506-26-000003 |
| 2025-12-31 | 2026-06-10 | $46.1M | 45 | 0001779506-26-000002 |
Filer Information
Address
223 ASTERWOOD CIRCLETHOMPSONS STATION, TN 37179
Phone
(610) 828-1155
Filing Manager
Brandywine Financial Group
THOMPSONS STATION, TN
Signatory
RAYMOND CAROTA
President