Brown Financial Advisory

Portfolio Overview

Brown Financial Advisory disclosed 49 positions worth $239.4M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 3 new positions and exited 3 — including a new stake in $COKE. The portfolio is most concentrated in Other (95.2% 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 - ST STR P500ETF

  —

  Quality

  $101.2M1,151,975 sh

• VANGUARD INDEX FDS - SMALL CP ETF

  —

  Quality

  $44.8M147,831 sh

• DIMENSIONAL ETF TRUST - EMERGING MRKTETS

  —

  Quality

  $35.5M429,629 sh

• ISHARES TR - RUS 1000 ETF

  —

  Quality

  $11.1M27,165 sh

• SPDR INDEX SHS FDS - ST STR PO EX ETF

  —

  Quality

  $10.4M206,062 sh

• VANGUARD SCOTTSDALE FDS - VNG RUS1000IDX

  —

  Quality

  $7.2M21,172 sh

• AMERICAN CENTY ETF TR - INTL EQT ETF

  —

  Quality

  $2.3M25,603 sh
• 

  BERKSHIRE HATHAWAY INC

  $BRK.B

  73.6

  Quality

  $2.1M4,135 sh

• ISHARES TR - RUS 1000 GRW ETF

  —

  Quality

  $2.1M16,563 sh

• ISHARES TR - CORE S&P500 ETF

  —

  Quality

  $1.7M2,236 sh

Company	Quality	Value	Shares
SPDR SERIES TRUST - ST STR P500ETF	—	$101.2M	1,151,975
VANGUARD INDEX FDS - SMALL CP ETF	—	$44.8M	147,831
DIMENSIONAL ETF TRUST - EMERGING MRKTETS	—	$35.5M	429,629
ISHARES TR - RUS 1000 ETF	—	$11.1M	27,165
SPDR INDEX SHS FDS - ST STR PO EX ETF	—	$10.4M	206,062
VANGUARD SCOTTSDALE FDS - VNG RUS1000IDX	—	$7.2M	21,172
AMERICAN CENTY ETF TR - INTL EQT ETF	—	$2.3M	25,603
BERKSHIRE HATHAWAY INC$BRK.B	73.6	$2.1M	4,135
ISHARES TR - RUS 1000 GRW ETF	—	$2.1M	16,563
ISHARES TR - CORE S&P500 ETF	—	$1.7M	2,236

Showing top 10 of 49 holdings.

Full Holdings — Brown Financial Advisory (Q2 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 - ST STR P500ETF	$101.2M	42.3%	+7%	—
2	—	VANGUARD INDEX FDS - SMALL CP ETF	$44.8M	18.7%	+5%	—
3	—	DIMENSIONAL ETF TRUST - EMERGING MRKTETS	$35.5M	14.8%	+1%	—
4	—	ISHARES TR - RUS 1000 ETF	$11.1M	4.7%	-1%	—
5	—	SPDR INDEX SHS FDS - ST STR PO EX ETF	$10.4M	4.3%	-1%	—
6	—	VANGUARD SCOTTSDALE FDS - VNG RUS1000IDX	$7.2M	3.0%	-0%	—
7	—	AMERICAN CENTY ETF TR - INTL EQT ETF	$2.3M	0.9%	+0%	—
8	$BRK.B	BERKSHIRE HATHAWAY INC	$2.1M	0.9%	-3%	73.6
9	—	ISHARES TR - RUS 1000 GRW ETF	$2.1M	0.9%	+279%	—
10	—	ISHARES TR - CORE S&P500 ETF	$1.7M	0.7%	-2%	—
11	—	SPDR INDEX SHS FDS - ST PORT MARK ETF	$1.5M	0.6%	+0%	—
12	$AAPL	Apple Inc.	$1.2M	0.5%	-14%	76.3
13	$MSFT	MICROSOFT CORP	$1.1M	0.5%	-8%	79.7
14	—	SPDR SERIES TRUST - ST PORT HIGH ETF	$1.1M	0.5%	+7%	—
15	—	VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT	$1.1M	0.5%	+0%	—
16	—	ISHARES TR - RUS 1000 VAL ETF	$957,239	0.4%	+0%	—
17	$ABBV	AbbVie Inc.	$831,264	0.3%	-11%	72.5
18	—	VANGUARD WHITEHALL FDS - HIGH DIV YLD	$801,873	0.3%	-19%	—
19	—	VANGUARD INDEX FDS - TOTAL STK MKT	$777,825	0.3%	+0%	—
20	—	SPDR SERIES TRUST - ST STR SP600 SML	$653,459	0.3%	+0%	—
21	$SXT	SENSIENT TECHNOLOGIES CORP	$561,093	0.2%	-31%	51.9
22	$SPY	SPDR S&P 500 ETF TRUST	$555,477	0.2%	-3%	—
23	$AMZN	AMAZON COM INC	$552,473	0.2%	-8%	68.4
24	—	ISHARES TR - RUSSELL 2000 ETF	$520,380	0.2%	-4%	—
25	$COKE	Coca-Cola Consolidated, Inc.	$492,574	0.2%	NEW	63.1
26	—	ISHARES TR - MSCI USA MIN ETF	$487,534	0.2%	-22%	—
27	$NVDA	NVIDIA CORP	$487,472	0.2%	-21%	85.9
28	—	VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETF	$476,924	0.2%	+0%	—
29	—	SCHWAB STRATEGIC TR - FUNDAMENTAL US L	$458,205	0.2%	-27%	—
30	$CAT	CATERPILLAR INC	$436,652	0.2%	+0%	66.3
31	$IVZ	Invesco Ltd.	$422,684	0.2%	+0%	—
32	$IVZ	Invesco Ltd.	$422,248	0.2%	+0%	—
33	$IVZ	Invesco Ltd.	$422,210	0.2%	+0%	—
34	—	SPDR SERIES TRUST - ST STR AGGRE ETF	$402,068	0.2%	+0%	—
35	$WMT	Walmart Inc.	$386,792	0.2%	-28%	59.9
36	$L	LOEWS CORP	$382,311	0.2%	+0%	64.7
37	—	VANGUARD INDEX FDS - EXTEND MKT ETF	$366,214	0.1%	+0%	—
38	—	VANGUARD SCOTTSDALE FDS - VNG RUS2000IDX	$357,825	0.1%	+0%	—
39	—	AMERICAN CENTY ETF TR - AVANTIS EMGMKT	$357,592	0.1%	+0%	—
40	$HD	HOME DEPOT, INC.	$347,660	0.1%	-18%	60.1
41	$SO	SOUTHERN CO	$281,829	0.1%	-0%	61.7
42	$JPM	JPMORGAN CHASE & CO	$281,105	0.1%	-30%	70.3
43	$GOOGL	Alphabet Inc.	$270,980	0.1%	+0%	78.1
44	—	VANGUARD INDEX FDS - MCAP VL IDXVIP	$252,388	0.1%	-16%	—
45	$GOOG	Alphabet Inc.	$234,956	0.1%	NEW	78.1
46	—	VANGUARD INDEX FDS - S&P 500 ETF SHS	$229,773	0.1%	NEW	—
47	$XOM.R34088	EXXON MOBIL CORP	$222,099	0.1%	+0%	57.7
48	—	SPDR SERIES TRUST - ST STR MSCI USAQ	$215,879	0.1%	-12%	—
49	—	VANGUARD INTL EQUITY INDEX F - ALLWRLD EX US	$210,423	0.1%	NEW	—