13F HOLDINGS REPORT
Brown Financial Advisory
Quarter ended Q4 2025 · Filed January 29, 2026 · Accession 0001843853-26-000001
Total Value
$197.9M
Positions
56
Other Managers
0
Confidential Omitted
No
Holdings (56)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | 78464A854 | 1,056,203 | $84.7M | 42.82% |
| 2 | VANGUARD INDEX FDS | 922908751 | 124,007 | $32.0M | 16.17% |
| 3 | DIMENSIONAL ETF TRUST | 25434V534 | 369,748 | $22.4M | 11.31% |
| 4 | ISHARES TR | 464287622 | 28,058 | $10.5M | 5.30% |
| 5 | SPDR INDEX SHS FDS | 78463X889 | 206,217 | $9.2M | 4.63% |
| 6 | VANGUARD SCOTTSDALE FDS | 92206C730 | 11,810 | $3.6M | 1.84% |
| 7 | DIMENSIONAL ETF TRUST | 25434V823 | 119,825 | $2.7M | 1.39% |
| 8 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 4,336 | $2.2M | 1.10% |
| 9 | AMERICAN CENTY ETF TR | 025072703 | 25,603 | $2.1M | 1.07% |
| 10 | ISHARES TR | 464287614 | 4,367 | $2.1M | 1.04% |
| 11 | SPDR INDEX SHS FDS | 78463X509 | 37,742 | $1.8M | 0.89% |
| 12 | MICROSOFT CORP | MSFT | 3,330 | $1.6M | 0.81% |
| 13 | ISHARES TR | 464287200 | 2,336 | $1.6M | 0.81% |
| 14 | APPLE INC | AAPL | 5,587 | $1.5M | 0.77% |
| 15 | VANGUARD WHITEHALL FDS | 921946406 | 8,250 | $1.2M | 0.60% |
| 16 | SPDR SERIES TRUST | 78468R606 | 42,978 | $1.0M | 0.51% |
| 17 | ABBVIE INC | ABBV | 3,713 | $848,332 | 0.43% |
| 18 | ISHARES TR | 464287598 | 3,970 | $834,948 | 0.42% |
| 19 | ISHARES TR | 46429B697 | 8,412 | $792,113 | 0.40% |
| 20 | VANGUARD INDEX FDS | 922908769 | 2,009 | $673,558 | 0.34% |
| 21 | FIDELITY MERRIMACK STR TR | 316188309 | 14,285 | $657,701 | 0.33% |
| 22 | SCHWAB STRATEGIC TR | 808524771 | 23,647 | $643,440 | 0.33% |
| 23 | SPDR SERIES TRUST | 78468R853 | 13,495 | $632,376 | 0.32% |
| 24 | SENSIENT TECHNOLOGIES CORP | SXT | 6,579 | $618,098 | 0.31% |
| 25 | NVIDIA CORPORATION | NVDA | 3,298 | $615,090 | 0.31% |
| 26 | AMAZON COM INC | AMZN | 2,541 | $586,514 | 0.30% |
| 27 | VANGUARD WORLD FD | 921910873 | 2,334 | $586,317 | 0.30% |
| 28 | WALMART INC | WMT | 5,226 | $582,270 | 0.29% |
| 29 | SPDR S&P 500 ETF TR | SPY | 765 | $521,559 | 0.26% |
| 30 | VANGUARD TAX-MANAGED FDS | 921943858 | 7,903 | $493,693 | 0.25% |
| 31 | HOME DEPOT INC | HD | 1,311 | $451,281 | 0.23% |
| 32 | VANGUARD INDEX FDS | 922908553 | 5,087 | $450,149 | 0.23% |
| 33 | ISHARES TR | 464287655 | 1,811 | $445,796 | 0.23% |
| 34 | AMERICAN CENTY ETF TR | 025072604 | 5,559 | $428,155 | 0.22% |
| 35 | INVESCO EXCH TRD SLF IDX FD | IVZ | 22,730 | $428,120 | 0.22% |
| 36 | INVESCO EXCH TRD SLF IDX FD | IVZ | 20,734 | $427,121 | 0.22% |
| 37 | INVESCO EXCH TRD SLF IDX FD | IVZ | 21,549 | $425,378 | 0.21% |
| 38 | SPDR SERIES TRUST | 78464A649 | 15,755 | $405,692 | 0.21% |
| 39 | JPMORGAN CHASE & CO. | VYLD | 1,219 | $392,720 | 0.20% |
| 40 | INVESCO EXCHANGE TRADED FD T | IVZ | 3,798 | $388,955 | 0.20% |
| 41 | ISHARES TR | 46434V456 | 8,179 | $371,716 | 0.19% |
| 42 | LOEWS CORP | L | 3,377 | $355,632 | 0.18% |
| 43 | VANGUARD SCOTTSDALE FDS | 92206C102 | 6,015 | $353,241 | 0.18% |
| 44 | VANGUARD INDEX FDS | 922908652 | 1,487 | $311,046 | 0.16% |
| 45 | VANGUARD SCOTTSDALE FDS | 92206C664 | 2,947 | $293,286 | 0.15% |
| 46 | VANGUARD INDEX FDS | 922908512 | 1,527 | $270,873 | 0.14% |
| 47 | SCHWAB STRATEGIC TR | 808524300 | 8,240 | $268,791 | 0.14% |
| 48 | SOUTHERN CO | SOMN | 3,043 | $265,381 | 0.13% |
| 49 | SPDR SERIES TRUST | 78468R812 | 1,501 | $261,494 | 0.13% |
| 50 | CATERPILLAR INC | CAT | 456 | $261,163 | 0.13% |
| 51 | ALPHABET INC | GOOG | 800 | $251,019 | 0.13% |
| 52 | ISHARES TR | 464288521 | 4,003 | $228,011 | 0.12% |
| 53 | ABBOTT LABS | ABLZF | 1,804 | $226,024 | 0.11% |
| 54 | VANGUARD WORLD FD | 921910840 | 1,587 | $224,090 | 0.11% |
| 55 | WISDOMTREE TR | WT | 4,127 | $207,683 | 0.10% |
| 56 | ALPHABET INC | GOOG | 641 | $200,777 | 0.10% |