13F HOLDINGS REPORT
Brown Financial Advisory
Quarter ended Q3 2025 · Filed October 27, 2025 · Accession 0001843853-25-000002
Total Value
$191.0M
Positions
55
Other Managers
0
Confidential Omitted
No
Holdings (55)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | 78464A854 | 1,025,811 | $80.4M | 42.08% |
| 2 | VANGUARD INDEX FDS | 922908751 | 119,437 | $30.4M | 15.90% |
| 3 | DIMENSIONAL ETF TRUST | 25434V534 | 359,973 | $20.4M | 10.66% |
| 4 | ISHARES TR | 464287622 | 29,240 | $10.7M | 5.60% |
| 5 | SPDR INDEX SHS FDS | 78463X889 | 220,182 | $9.4M | 4.93% |
| 6 | VANGUARD SCOTTSDALE FDS | 92206C730 | 11,810 | $3.6M | 1.87% |
| 7 | DIMENSIONAL ETF TRUST | 25434V823 | 145,517 | $3.5M | 1.82% |
| 8 | ISHARES TR | 464287614 | 4,830 | $2.3M | 1.18% |
| 9 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 4,346 | $2.2M | 1.14% |
| 10 | AMERICAN CENTY ETF TR | 025072703 | 25,603 | $2.0M | 1.06% |
| 11 | SPDR INDEX SHS FDS | 78463X509 | 37,742 | $1.8M | 0.93% |
| 12 | MICROSOFT CORP | MSFT | 3,280 | $1.7M | 0.89% |
| 13 | ISHARES TR | 464287200 | 2,375 | $1.6M | 0.83% |
| 14 | APPLE INC | AAPL | 5,586 | $1.4M | 0.74% |
| 15 | VANGUARD WHITEHALL FDS | 921946406 | 8,250 | $1.2M | 0.61% |
| 16 | ISHARES TR | 464287598 | 5,082 | $1.0M | 0.54% |
| 17 | SPDR SERIES TRUST | 78468R606 | 42,327 | $1.0M | 0.53% |
| 18 | ABBVIE INC | ABBV | 3,713 | $859,656 | 0.45% |
| 19 | ISHARES TR | 46429B697 | 8,412 | $800,357 | 0.42% |
| 20 | VANGUARD INDEX FDS | 922908769 | 2,319 | $761,027 | 0.40% |
| 21 | FIDELITY MERRIMACK STR TR | 316188309 | 14,285 | $660,558 | 0.35% |
| 22 | SPDR SERIES TRUST | 78468R853 | 13,495 | $625,089 | 0.33% |
| 23 | SCHWAB STRATEGIC TR | 808524771 | 23,647 | $621,921 | 0.33% |
| 24 | SENSIENT TECHNOLOGIES CORP | SXT | 6,579 | $617,440 | 0.32% |
| 25 | NVIDIA CORPORATION | NVDA | 3,298 | $615,352 | 0.32% |
| 26 | VANGUARD WORLD FD | 921910873 | 2,334 | $569,790 | 0.30% |
| 27 | AMAZON COM INC | AMZN | 2,541 | $557,928 | 0.29% |
| 28 | WALMART INC | WMT | 5,226 | $538,630 | 0.28% |
| 29 | SPDR S&P 500 ETF TR | SPY | 768 | $511,519 | 0.27% |
| 30 | HOME DEPOT INC | HD | 1,236 | $501,010 | 0.26% |
| 31 | VANGUARD TAX-MANAGED FDS | 921943858 | 7,903 | $473,541 | 0.25% |
| 32 | VANGUARD INDEX FDS | 922908553 | 5,087 | $465,054 | 0.24% |
| 33 | ISHARES TR | 464287655 | 1,811 | $438,190 | 0.23% |
| 34 | INVESCO EXCH TRD SLF IDX FD | IVZ | 22,730 | $427,552 | 0.22% |
| 35 | INVESCO EXCH TRD SLF IDX FD | IVZ | 20,734 | $426,499 | 0.22% |
| 36 | INVESCO EXCH TRD SLF IDX FD | IVZ | 21,549 | $424,731 | 0.22% |
| 37 | AMERICAN CENTY ETF TR | 025072604 | 5,559 | $417,537 | 0.22% |
| 38 | SPDR SERIES TRUST | 78464A649 | 15,755 | $407,267 | 0.21% |
| 39 | INVESCO EXCHANGE TRADED FD T | IVZ | 3,855 | $404,584 | 0.21% |
| 40 | JPMORGAN CHASE & CO. | VYLD | 1,219 | $384,445 | 0.20% |
| 41 | ISHARES TR | 46434V456 | 8,179 | $361,411 | 0.19% |
| 42 | VANGUARD SCOTTSDALE FDS | 92206C102 | 6,015 | $353,962 | 0.19% |
| 43 | LOEWS CORP | L | 3,377 | $339,018 | 0.18% |
| 44 | VANGUARD INDEX FDS | 922908652 | 1,487 | $311,373 | 0.16% |
| 45 | SOUTHERN CO | SOMN | 3,043 | $288,419 | 0.15% |
| 46 | VANGUARD SCOTTSDALE FDS | 92206C664 | 2,947 | $288,276 | 0.15% |
| 47 | SCHWAB STRATEGIC TR | 808524300 | 8,240 | $262,940 | 0.14% |
| 48 | SPDR SERIES TRUST | 78468R812 | 1,501 | $257,013 | 0.13% |
| 49 | VANGUARD INDEX FDS | 922908512 | 1,463 | $255,368 | 0.13% |
| 50 | ISHARES TR | 464288521 | 4,270 | $250,735 | 0.13% |
| 51 | ABBOTT LABS | ABLZF | 1,804 | $241,628 | 0.13% |
| 52 | VANGUARD WORLD FD | 921910840 | 1,587 | $218,661 | 0.11% |
| 53 | CATERPILLAR INC | CAT | 456 | $217,526 | 0.11% |
| 54 | WISDOMTREE TR | WT | 4,127 | $207,477 | 0.11% |
| 55 | PIMCO ETF TR | 72201R783 | 2,158 | $206,454 | 0.11% |