Brown Financial Advisory

Portfolio Overview

Brown Financial Advisory disclosed 49 positions worth $201.6M in its Form 13F-HR for Q1 2026. During the quarter the fund opened 2 new positions and exited 4. The portfolio is most concentrated in Other (94.3% of disclosed assets). All figures are sourced directly from Brown Financial Advisory’s Form 13F-HR filing with the SEC under CIK 1843853.

• SPDR SERIES TRUST

  —

  Quality

  $82.7M1,080,020 sh

• VANGUARD INDEX FDS

  —

  Quality

  $37.0M141,352 sh

• DIMENSIONAL ETF TRUST

  —

  Quality

  $27.7M427,341 sh

• ISHARES TR

  —

  Quality

  $9.8M27,359 sh

• SPDR INDEX SHS FDS

  —

  Quality

  $9.5M207,722 sh

• VANGUARD SCOTTSDALE FDS

  —

  Quality

  $6.3M21,190 sh

• AMERICAN CENTY ETF TR

  —

  Quality

  $2.2M25,603 sh
• 

  BERKSHIRE HATHAWAY INC

  $BRK.B

  64.5

  Quality

  $2.1M4,281 sh

• ISHARES TR

  —

  Quality

  $1.9M4,367 sh

• ISHARES TR

  —

  Quality

  $1.5M2,274 sh

Company	Quality	Value	Shares
SPDR SERIES TRUST	—	$82.7M	1,080,020
VANGUARD INDEX FDS	—	$37.0M	141,352
DIMENSIONAL ETF TRUST	—	$27.7M	427,341
ISHARES TR	—	$9.8M	27,359
SPDR INDEX SHS FDS	—	$9.5M	207,722
VANGUARD SCOTTSDALE FDS	—	$6.3M	21,190
AMERICAN CENTY ETF TR	—	$2.2M	25,603
BERKSHIRE HATHAWAY INC$BRK.B	64.5	$2.1M	4,281
ISHARES TR	—	$1.9M	4,367
ISHARES TR	—	$1.5M	2,274

Showing top 10 of 49 holdings.

Full Holdings — Brown Financial Advisory (Q1 2026)

All 49 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	SPDR SERIES TRUST	$82.7M	41.0%	+2%	—
2	—	VANGUARD INDEX FDS	$37.0M	18.4%	+14%	—
3	—	DIMENSIONAL ETF TRUST	$27.7M	13.8%	+16%	—
4	—	ISHARES TR	$9.8M	4.8%	-2%	—
5	—	SPDR INDEX SHS FDS	$9.5M	4.7%	+1%	—
6	—	VANGUARD SCOTTSDALE FDS	$6.3M	3.1%	+79%	—
7	—	AMERICAN CENTY ETF TR	$2.2M	1.1%	+0%	—
8	$BRK.B	BERKSHIRE HATHAWAY INC	$2.1M	1.0%	-1%	64.5
9	—	ISHARES TR	$1.9M	0.9%	+0%	—
10	—	ISHARES TR	$1.5M	0.7%	-3%	—
11	—	SPDR INDEX SHS FDS	$1.3M	0.7%	-24%	—
12	$AAPL	Apple Inc.	$1.3M	0.6%	-11%	76.1
13	$MSFT	MICROSOFT CORP	$1.2M	0.6%	-2%	83.7
14	—	SPDR SERIES TRUST	$999,076	0.5%	-0%	—
15	—	VANGUARD TAX-MANAGED FDS	$967,096	0.5%	+91%	—
16	—	VANGUARD WHITEHALL FDS	$932,373	0.5%	-24%	—
17	—	ISHARES TR	$843,679	0.4%	-1%	—
18	$ABBV	AbbVie Inc.	$809,589	0.4%	+0%	59.3
19	—	VANGUARD INDEX FDS	$674,343	0.3%	+5%	—
20	—	ISHARES TR	$598,394	0.3%	-23%	—
21	$WMT	Walmart Inc.	$587,832	0.3%	-9%	63.2
22	$SXT	SENSIENT TECHNOLOGIES CORP	$568,689	0.3%	+0%	57.3
23	—	SCHWAB STRATEGIC TR	$561,108	0.3%	-15%	—
24	—	SPDR SERIES TRUST	$547,514	0.3%	-16%	—
25	$NVDA	NVIDIA CORP	$540,987	0.3%	-6%	90.2
26	$AMZN	AMAZON COM INC	$526,507	0.3%	-1%	74.6
27	—	FIDELITY MERRIMACK STR TR	$523,410	0.3%	-20%	—
28	$SPY	SPDR S&P 500 ETF TRUST	$497,405	0.3%	+0%	—
29	—	ISHARES TR	$449,128	0.2%	+0%	—
30	—	VANGUARD INTL EQUITY INDEX F	$431,860	0.2%	NEW	—
31	$IVZ	Invesco Ltd.	$424,151	0.2%	+0%	—
32	$IVZ	Invesco Ltd.	$423,451	0.2%	+0%	—
33	$IVZ	Invesco Ltd.	$422,900	0.2%	+0%	—
34	—	SPDR SERIES TRUST	$403,644	0.2%	+0%	—
35	$HD	HOME DEPOT, INC.	$397,735	0.2%	-8%	69.2
36	$IVZ	Invesco Ltd.	$392,563	0.2%	+0%	—
37	$JPM	JPMORGAN CHASE & CO	$362,051	0.2%	+1%	35.6
38	$L	LOEWS CORP	$360,461	0.2%	+0%	75.2
39	—	ISHARES TR	$342,140	0.2%	-10%	—
40	—	VANGUARD INDEX FDS	$306,108	0.1%	+0%	—
41	—	AMERICAN CENTY ETF TR	$298,630	0.1%	-33%	—
42	—	VANGUARD SCOTTSDALE FDS	$295,201	0.1%	+0%	—
43	—	VANGUARD SCOTTSDALE FDS	$294,393	0.1%	-16%	—
44	$CAT	CATERPILLAR INC	$290,498	0.1%	-10%	67.8
45	$SO	SOUTHERN CO	$284,987	0.1%	-3%	65.1
46	—	VANGUARD INDEX FDS	$281,425	0.1%	+0%	—
47	$XOM	EXXON MOBIL CORP	$275,310	0.1%	NEW	61.8
48	—	SPDR SERIES TRUST	$224,433	0.1%	-13%	—
49	$GOOGL	Alphabet Inc.	$220,002	0.1%	-4%	80.2