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Brown Financial Advisors — 13F Holdings & Portfolio

CIK 2035548 · latest 13F-HR filed 2026-08-26

Backtest portfolio

Brown Financial Advisors manages $286.4M in 13F-reported U.S. long-equity assets across 212 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPYM (6.47%), DMBS (3.72%), NVDA (2.95%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 25 new positions and exited 22; 117 existing positions rose in reported value and 35 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.

Loading holdings…
AUM
$286.4M

Long-equity book

Holdings
212

Distinct positions

Period
2026-06-30

Filed 2026-08-26

Q/Q Activity
+25 / −22 / ↑117 / ↓35

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
SPYM6.5% · +1%DMBS3.7% · +6%NVDA3.0% · +21%AVDE2.3% · -0%AMZN2.2% · -12%GOOG2.2% · -5%XTEN2.1% · +136%AAPL2.0% · -1%SPDW1.9% · -4%RECS1.7% · +0%XSVN1.7% · +47%MSFT1.7% · -15%AVEM1.7% · -13%JMBS1.5% · +6%QQQM1.4% · -6%META1.3% · -0%JAAA1.3% · -9%DABS1.2% · -4%AVGO1.2% · +2%PG1.1% · +2%SEPU1.1% · +5%IETC1.1% · +4%GS1.1% · -1%XTWY1.1% · newJPM1.0% · +0%MS1.0% · -7%XLF1.0% · +11%LRCX1.0% · +11%PANW1.0% · -8%BBBS1.0% · -26%UNH0.8% · -16%SPIB0.8% · newGSY0.8% · -0%CVX0.8% · +4%UYLD0.8% · -0%V0.8% · +2%URI0.8% · +4%GLDM0.7% · -8%ETN0.7% · +6%AVUS0.7% · +18%TGT0.7% · -12%SPYI0.7% · +2%WMT0.7% · -3%SMOT0.7% · +1%KO0.6% · -2%XFIV0.6% · -62%JNJ0.6% · +11%APH0.6% · +12%PCMM0.6% · -31%PRIV0.6% · +21%SPTI0.6% · +7%BAC0.6% · -3%PRFD0.6% · +4%FOXY0.6% · newMDT0.6% · -1%CRWD0.6% · newMUB0.6% · +20%BRK.B0.6% · -20%PWR0.6% · -10%LLY0.5% · +39%

Box 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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated 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

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 27.6%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$124.31B
Discretionary
$119.21B
Employees
782
Accounts
26,390
Address
901 SOUTH BOND STREET
SUITE 400
BALTIMORE, MD 21231-3340
Phone
(410) 537-5400
Website
Name Title / Status Ownership Type
BROWN ADVISORY MANAGEMENT LLC ControlHOLDING COMPANY AND MANAGING MEMEBER
since Jan 2012
75% or moreDomestic Entity
FERNANDEZ, VICTOR ControlCHIEF COMPLIANCE OFFICER
since May 2025
Less than 5%Individual
FITZWILLIAMS, LOGIE, CHARLES LLOYD ControlCO-PRESIDENT & CO-CEO
since Feb 2025
Less than 5%Individual
HANKIN, MICHAEL, DAVID ControlCO-PRESIDENT & CO-CEO
since Feb 2025
Less than 5%Individual
PIERCE, SHANNON, MARIE ControlCHIEF FINANCIAL OFFICER
since May 2024
Less than 5%Individual
ROGERS, BRETT, DAVID ControlGENERAL COUNSEL
since Apr 2010
Less than 5%Individual
WHITE, WILLIAM, OBRIEN ControlCHIEF OPERATING OFFICER
since Jun 2023
Less than 5%Individual
BROWN ADVISORY GROUP HOLDINGS LLC Control
Indirect owner via BROWN ADVISORY MANAGEMENT LLC
HOLDING COMPANY
since Jan 2016
25–50%Domestic Entity
BROWN ADVISORY INCORPORATED Control
Indirect owner via BROWN ADVISORY MANAGEMENT LLC
UNIT HOLDER AND MANAGING MEMBER
since Jul 2008
General partner, trustee or managerDomestic Entity
Ownership & leadership changes · 10 filings with changes since Mar 16, 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.

May 29, 2025 filing
  • AddedFERNANDEZ, VICTOR · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedROGERS, BRETT, DAVID · title GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER → GENERAL COUNSEL
Feb 27, 2025 filing
  • No longer listedCOLEMAN, JULIE, PROUDFIT · DEPUTY GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2023
  • AddedFITZWILLIAMS, LOGIE, CHARLES LLOYD · CO-PRESIDENT & CO-CEO · Less than 5% · control person
  • ChangedHANKIN, MICHAEL, DAVID · title PRESIDENT & CEO → CO-PRESIDENT & CO-CEO
  • ChangedROGERS, BRETT, DAVID · title GENERAL COUNSEL → GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER
May 17, 2024 filing
  • No longer listedCHURCHILL, DAVID, MICHAEL · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since Jul 2007
  • AddedPIERCE, SHANNON, MARIE · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Jul 28, 2023 filing
  • AddedWHITE, WILLIAM, OBRIEN · CHIEF OPERATING OFFICER · Less than 5% · control person
  • ChangedCHURCHILL, DAVID, MICHAEL · title CHIEF OPERATING OFFICER → CHIEF FINANCIAL OFFICER
Mar 30, 2023 filing
  • AddedCOLEMAN, JULIE, PROUDFIT · DEPUTY GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedROGERS, BRETT, DAVID · title GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER → GENERAL COUNSEL
Oct 21, 2016 filing
  • ChangedBROWN ADVISORY MANAGEMENT LLC · title HOLDING COMPANY → HOLDING COMPANY AND MANAGING MEMEBER
Jan 29, 2016 filing
  • AddedBROWN ADVISORY GROUP HOLDINGS LLC · HOLDING COMPANY · 25–50% · indirect via BROWN ADVISORY MANAGEMENT LLC · control person
Mar 30, 2015 filing
  • ChangedCHURCHILL, DAVID, MICHAEL · title EVP, FINANCE AND OPERATIONS → CHIEF OPERATING OFFICER
  • ChangedROGERS, BRETT, DAVID · title CHIEF COMPLIANCE OFFICER → GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER
Mar 31, 2014 filing
  • ChangedHANKIN, MICHAEL, DAVID · title PRESIDENT → PRESIDENT & CEO
Apr 1, 2013 filing
  • ChangedCHURCHILL, DAVID, MICHAEL · title VP AND TREASURER → EVP, FINANCE AND OPERATIONS
Older changes (1 more filing)
Mar 16, 2012 filing (earliest on record)
  • ListedBROWN ADVISORY INCORPORATED · UNIT HOLDER AND MANAGING MEMBER · General partner, trustee or manager · indirect via BROWN ADVISORY MANAGEMENT LLC · control person
  • ListedBROWN ADVISORY MANAGEMENT LLC · HOLDING COMPANY · 75% or more · control person
  • ListedCHURCHILL, DAVID, MICHAEL · VP AND TREASURER · Less than 5% · control person
  • ListedHANKIN, MICHAEL, DAVID · PRESIDENT · Less than 5% · control person
  • ListedROGERS, BRETT, DAVID · CHIEF COMPLIANCE OFFICER · 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.

Brown Financial Advisors 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 SPDR SERIES TRUST SPYM 78464A854 $18.5M 6.47% 210,791 SH
2 DOUBLELINE ETF TRUST DMBS 25861R402 $10.6M 3.72% 216,939 SH
3 NVIDIA CORPORATION NVDA 67066G104 $8.4M 2.95% 42,229 SH
4 AMERICAN CENTY ETF TR AVDE 025072703 $6.5M 2.27% 72,728 SH
5 AMAZON COM INC AMZN 023135106 $6.4M 2.23% 26,802 SH
6 ALPHABET INC GOOG 02079K107 $6.3M 2.20% 17,808 SH
7 BONDBLOXX ETF TRUST XTEN 09789C812 $6.1M 2.14% 134,490 SH
8 APPLE INC AAPL 037833100 $5.8M 2.03% 20,104 SH
9 SPDR INDEX SHS FDS SPDW 78463X889 $5.4M 1.87% 106,227 SH
10 COLUMBIA ETF TR I RECS 19761L706 $5.0M 1.74% 114,939 SH
11 BONDBLOXX ETF TRUST XSVN 09789C820 $4.9M 1.72% 104,423 SH
12 MICROSOFT CORP MSFT 594918104 $4.9M 1.72% 13,169 SH
13 AMERICAN CENTY ETF TR AVEM 025072604 $4.7M 1.66% 49,149 SH
14 JANUS DETROIT STR TR JMBS 47103U852 $4.4M 1.53% 97,579 SH
15 INVESCO EXCH TRADED FD TR II QQQM 46138G649 $3.9M 1.37% 12,924 SH
16 META PLATFORMS INC META 30303M102 $3.8M 1.34% 6,828 SH
17 JANUS DETROIT STR TR JAAA 47103U845 $3.6M 1.26% 71,638 SH
18 DOUBLELINE ETF TRUST DABS 25861R808 $3.5M 1.23% 69,785 SH
19 BROADCOM INC AVGO 11135F101 $3.5M 1.21% 9,168 SH
20 PROCTER & GAMBLE CO PG 742718109 $3.3M 1.14% 22,274 SH
21 AIM ETF PRODUCTS TRUST SEPU 00888H554 $3.3M 1.14% 104,861 SH
22 ISHARES U S ETF TR IETC 46431W648 $3.2M 1.13% 30,232 SH
23 GOLDMAN SACHS GROUP INC GS 38141G104 $3.2M 1.12% 3,159 SH
24 BONDBLOXX ETF TRUST XTWY 09789C796 $3.1M 1.09% 83,222 SH
25 JPMORGAN CHASE & CO JPM 46625H100 $3.0M 1.03% 9,025 SH
26 MORGAN STANLEY MS 617446448 $2.9M 1.02% 14,022 SH
27 SELECT SECTOR SPDR TR XLF 81369Y605 $2.9M 1.02% 54,737 SH
28 LAM RESEARCH CORP LRCX 512807306 $2.9M 1.02% 6,727 SH
29 PALO ALTO NETWORKS INC PANW 697435105 $2.8M 0.98% 8,231 SH
30 BONDBLOXX ETF TRUST BBBS 09789C754 $2.8M 0.97% 54,449 SH
31 UNITEDHEALTH GROUP INC UNH 91324P102 $2.4M 0.84% 5,774 SH
32 SPDR SERIES TRUST SPIB 78464A375 $2.2M 0.78% 67,060 SH
33 INVESCO ACTIVELY MANAGED EXC GSY 46090A887 $2.2M 0.77% 44,105 SH
34 CHEVRON CORPORATION CVX 166764100 $2.2M 0.77% 13,306 SH
35 ANGEL OAK FUNDS TRUST UYLD 03463K752 $2.2M 0.77% 43,230 SH
36 VISA INC V 92826C839 $2.2M 0.76% 6,325 SH
37 UNITED RENTALS INC URI 911363109 $2.2M 0.76% 1,909 SH
38 WORLD GOLD TR GLDM 98149E303 $2.1M 0.74% 26,599 SH
39 EATON CORP PLC ETN G29183103 $2.1M 0.74% 4,945 SH
40 AMERICAN CENTY ETF TR AVUS 025072885 $2.1M 0.73% 16,348 SH
41 TARGET CORP TGT 87612E106 $2.1M 0.73% 15,981 SH
42 NEOS ETF TRUST SPYI 78433H303 $2.0M 0.71% 38,420 SH
43 WALMART INC WMT 931142103 $2.0M 0.69% 17,383 SH
44 VANECK ETF TRUST SMOT 92189H730 $1.9M 0.66% 48,946 SH
45 COCA COLA CO KO 191216100 $1.9M 0.65% 22,836 SH
46 BONDBLOXX ETF TRUST XFIV 09789C838 $1.8M 0.64% 37,670 SH
47 JOHNSON & JOHNSON JNJ 478160104 $1.8M 0.64% 7,216 SH
48 AMPHENOL CORP APH 032095101 $1.8M 0.64% 10,386 SH
49 BONDBLOXX ETF TRUST PCMM 09789C671 $1.8M 0.64% 36,544 SH
50 SSGA ACTIVE TR PRIV 78470P622 $1.8M 0.63% 71,776 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-26 $286.4M 212 0002035548-26-000006
2026-03-31 2026-05-15 $264.0M 209 0002035548-26-000002
2025-12-31 2026-02-17 $273.2M 152 0002035548-26-000001
2025-09-30 2025-11-14 $270.7M 147 0002035548-25-000005
Filer Information
Address
964 BUSINESS 28
MILFORD, OH 45150
Phone
(513) 575-9654
Filing Manager
Brown Financial Advisors
MILFORD, OH
Signatory
Gregory A. Brown
President/Principal