Baltimore-Washington Financial Advisors, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Baltimore-Washington Financial Advisors, Inc. reported 171 stock positions worth $2.1 billion. Its top holding was Vngrd Mrgstr LRG-Cap ETF-Usd (VV) at 4.9% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 4.4%) and Nvidia (NVDA, 3.7%). Compared with Q1 2025, it opened 21 new positions, sold out of 1, added to 77 and reduced 55. The biggest buy was Progressive (PGR, shares +2951%) and the biggest sale SS Health Care Select Sector (XLV, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- Columbia, MD
- CIK
- 0001555486
- Portfolio Value
- $2.1B (Q2 2025)
- SEC Filing
- 0001172661-25-003090 ↗ filed Aug 13, 2025
Holdings Value
Holdings 171 stocks · $2.1B
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 4.95% | 372,042 | $106.1M | Reduce -3.5% |
| QQQ Invesco QQQ Trust Series 1 | 4.42% | 171,809 | $94.8M | Reduce -10.6% |
| NVDA Nvidia Corp. | 3.72% | 505,601 | $79.9M | Add +0.5% |
| MSFT Microsoft Corp. | 3.08% | 132,761 | $66.0M | Add +5.2% |
| VIG Vanguard Dividend Apprec ETF | 2.85% | 299,135 | $61.2M | Add +2.2% |
| RSP Invesco S&P 500 Equal Weight | 2.84% | 335,741 | $61.0M | Reduce -0.8% |
| IVV iShares Core S&P 500 ETF | 2.82% | 97,469 | $60.5M | Add +23.1% |
| AMZN Amazon.com Inc. | 2.41% | 235,304 | $51.6M | Add +4.1% |
| VONG Vanguard Russell 1000 Growth | 2.40% | 472,030 | $51.5M | Reduce -0.7% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 2.34% | 671,034 | $50.3M | Add +4.4% |
| LGLV SPDR US LC Low Vol Idx | 2.28% | 279,627 | $48.8M | Add +1.5% |
| AAPL Apple Inc. | 2.17% | 226,876 | $46.5M | Add +4.1% |
| RSPT Invesco S&P 500 Equal Weight | 2.13% | 1,118,333 | $45.6M | Reduce -0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.04% | 247,946 | $43.8M | Reduce -3.7% |
| VYM Vanguard High DVD Yield ETF | 2.00% | 322,077 | $42.9M | Reduce -2.3% |
| COST Costco Wholesale Corp. | 1.97% | 42,788 | $42.4M | Add +3.8% |
| META Meta Platforms Inc. Class A | 1.84% | 53,367 | $39.4M | Add +2.8% |
| GOOG Alphabet Inc. Class C | 1.81% | 219,382 | $38.9M | Add +1.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.79% | 403,403 | $38.5M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 1.68% | 124,376 | $36.1M | Add +4.6% |
| UBER Uber Technologies Inc. | 1.67% | 383,394 | $35.8M | Add +7.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.60% | 70,586 | $34.3M | Add +23.8% |
| V Visa Inc. Class A | 1.57% | 95,150 | $33.8M | Add +5.9% |
| IYG iShares U.S. Financial Servi | 1.57% | 393,663 | $33.7M | Reduce -0.7% |
| BKNG Booking Holdings Inc. | 1.56% | 5,778 | $33.5M | Add +7.7% |
| BX Blackstone Inc. | 1.51% | 216,584 | $32.4M | Add +5.4% |
| SYK Stryker Corp. | 1.37% | 74,261 | $29.4M | Add +6.6% |
| CMG Chipotle Mexican Grill Inc. | 1.27% | 483,679 | $27.2M | Add +5.7% |
| ANET Arista Networks Inc. | 1.23% | 257,913 | $26.4M | Add +13.0% |
| ICE Intercontinental Exchange Inc. | 1.18% | 138,461 | $25.4M | Add +7.2% |
| IBHH iShares Ibonds 2028 TM HY Inc. | 1.18% | 1,062,806 | $25.2M | Reduce -0.3% |
| VOO Vanguard S&P 500 ETF | 1.14% | 43,158 | $24.5M | Reduce -1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.13% | 39,079 | $24.1M | Reduce -2.5% |
| RCL Royal Caribbean Cruises Ltd. | 1.12% | 76,846 | $24.1M | Add +12.2% |
| MAR Marriott International Class A | 1.10% | 86,307 | $23.6M | Add +9.9% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.09% | 923,155 | $23.5M | Add +2.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.06% | 70,936 | $22.7M | Add +29.3% |
| EFIV SS SPDR S&P 500 ESG ETF | 1.04% | 379,823 | $22.2M | Add +0.3% |
| SDY SS SPDR S&P Dividend ETF | 1.03% | 163,402 | $22.2M | Add +0.5% |
| PGR Progressive Corp. | 0.97% | 77,996 | $20.8M | Add +2951.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.93% | 161,049 | $19.9M | Add +4245.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.91% | 44,591 | $19.5M | Reduce -1.1% |
| BLK BlackRock Inc. | 0.89% | 18,208 | $19.1M | Add +17.9% |
| FTNT Fortinet Inc. | 0.82% | 166,953 | $17.7M | Add +14.4% |
| MMTM SS SPDR S&P 1500 Mom Tilt | 0.80% | 64,409 | $17.2M | Add +3.1% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.77% | 317,611 | $16.5M | Add +10.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.77% | 32,253 | $16.4M | Add +39.5% |
| IBTI iShares Ibonds Dec 2028 Term | 0.66% | 633,631 | $14.2M | Add +5.4% |
| XLV SS Health Care Select Sector | 0.65% | 104,178 | $14.0M | Reduce -55.5% |
| SOFI Sofi Technologies Inc. | 0.65% | 763,386 | $13.9M | Add +26.2% |
| TXN Texas Instruments Inc. | 0.61% | 63,177 | $13.1M | Reduce -3.8% |
| AVGO Broadcom Inc. | 0.59% | 46,317 | $12.8M | Add +23.6% |
| CPRT Copart Inc. | 0.59% | 257,443 | $12.6M | Add +14.2% |
| IBDR iShares Ibonds Dec 2026 Term | 0.59% | 520,027 | $12.6M | New |
| SHOP Shopify Inc. Class A | 0.56% | 103,684 | $12.0M | Add +19.9% |
| IGRO iShares Intl Div Growth ETF | 0.54% | 145,997 | $11.5M | Add +17.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.54% | 170,926 | $11.5M | Add +5.1% |
| ARCC Ares Capital Corp. | 0.53% | 516,655 | $11.3M | Add +11.7% |
| DGT SS SPDR Global Dow ETF | 0.49% | 70,328 | $10.6M | Add +5.7% |
| CRM Salesforce Inc. | 0.48% | 38,060 | $10.4M | Add +17.8% |
| IBHF iShares Ibond 2026 HY & Inc. | 0.48% | 445,589 | $10.4M | Reduce -9.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.47% | 51,909 | $10.1M | Reduce -8.5% |
| IBTG iShares Ibonds Dec 2026 Term | 0.47% | 435,120 | $10.0M | Reduce -9.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.46% | 136,906 | $10.0M | Reduce -1.2% |
| IDEV iShares Core MSCI Dev MKTS | 0.46% | 128,871 | $9.8M | Add +16.1% |
| SO The Southern Co. | 0.46% | 106,443 | $9.8M | Add +18.9% |
| HD Home Depot Inc. | 0.43% | 25,372 | $9.3M | Reduce -50.2% |
| IBTF iShares Ibonds Dec 2025 Term | 0.43% | 396,749 | $9.3M | Reduce -6.5% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.43% | 362,597 | $9.1M | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.42% | 32,588 | $9.1M | Reduce -52.5% |
| GOOGL Alphabet Inc. Class A | 0.42% | 50,727 | $8.9M | Add +12.9% |
| KKR KKR & Co. Inc. | 0.35% | 56,720 | $7.5M | Add +24.8% |
| IWR iShares Russell Mid-Cap ETF | 0.35% | 81,786 | $7.5M | Reduce -3.0% |
| UNH Unitedhealth Group Inc. | 0.34% | 23,611 | $7.4M | Reduce -6.3% |
| RACE Ferrari NV | 0.33% | 14,297 | $7.0M | Add +32.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.31% | 8,311 | $6.7M | New |
| SAP Sap SE-Sponsored ADR | 0.30% | 20,871 | $6.3M | New |
| IJT iShares S&P Small-Cap 600 GR | 0.28% | 44,706 | $5.9M | Reduce -60.5% |
| T AT&T Inc. | 0.13% | 96,597 | $2.8M | New |
| MDY State Street SPDR S&P Midcap | 0.12% | 4,481 | $2.5M | Reduce -5.2% |
| IBHI iShares Ibonds 2029 TM HY Inc. | 0.10% | 88,737 | $2.1M | Add +497.0% |
| IBDU iShares Ibonds Dec 2029 Term | 0.09% | 83,094 | $1.9M | Add +465.0% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.07% | 16,811 | $1.6M | Add +0.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.07% | 27,507 | $1.4M | Reduce -3.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 4,701 | $1.4M | Reduce -16.7% |
| XOM Exxon Mobil Corp. | 0.06% | 12,387 | $1.3M | Add +9.0% |
| IWF iShares Russell 1000 Growth | 0.06% | 3,136 | $1.3M | Reduce -0.4% |
| IWM iShares Russell 2000 ETF | 0.06% | 6,149 | $1.3M | Reduce -73.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.06% | 31,389 | $1.3M | Reduce -1.1% |
| IBHE iShares Ibonds 2025 H/Y Inc. | 0.05% | 49,273 | $1.1M | Reduce -8.1% |
| TSLA Tesla Inc. | 0.05% | 3,369 | $1.1M | Add +2.9% |
| IWS iShares Russell Mid-Cap Valu | 0.04% | 7,301 | $965K | Reduce -2.6% |
| PSCT Invesco S&P Smallcap Informa | 0.04% | 20,569 | $951K | No change |
| DKNG Draftkings Inc. Class A | 0.04% | 21,610 | $927K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.04% | 6,957 | $863K | Add +1.3% |
| IBB iShares Biotechnology ETF | 0.04% | 6,799 | $860K | Reduce -0.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.04% | 20,009 | $852K | Reduce -0.5% |
| IJR iShares Core S&P Small-Cap E | 0.04% | 7,749 | $847K | Reduce -91.4% |
| TY Tri-Continental Corp. | 0.04% | 24,416 | $773K | Reduce -40.2% |
| CEG Constellation Energy | 0.04% | 2,356 | $760K | Reduce -4.1% |
Portfolio Sells Q1 2025 → Q2 2025
| XLV SS Health Care Select Sector | Reduce -55.5% | 0.65% | −1.18 |
| IWY iShares Russell Top 200 Grow | Reduce -95.2% | 0.03% | −0.57 |
| HD Home Depot Inc. | Reduce -50.2% | 0.43% | −0.57 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -52.5% | 0.42% | −0.53 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -60.5% | 0.28% | −0.48 |
| IJR iShares Core S&P Small-Cap E | Reduce -91.4% | 0.04% | −0.47 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -10.6% | 4.42% | −0.43 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -3.5% | 4.95% | −0.39 |
| UNH Unitedhealth Group Inc. | Reduce -6.3% | 0.34% | −0.37 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -3.7% | 2.04% | −0.35 |
| RSP Invesco S&P 500 Equal Weight | Reduce -0.8% | 2.84% | −0.31 |
| VYM Vanguard High DVD Yield ETF | Reduce -2.3% | 2.00% | −0.29 |
| IWM iShares Russell 2000 ETF | Reduce -73.7% | 0.06% | −0.19 |
| IBHH iShares Ibonds 2028 TM HY Inc. | Reduce -0.3% | 1.18% | −0.16 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -9.8% | 0.47% | −0.13 |
| IBHF iShares Ibond 2026 HY & Inc. | Reduce -9.0% | 0.48% | −0.13 |
| IYG iShares U.S. Financial Servi | Reduce -0.7% | 1.57% | −0.11 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -6.5% | 0.43% | −0.10 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -8.5% | 0.47% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.5% | 1.13% | −0.08 |
| VOO Vanguard S&P 500 ETF | Reduce -1.3% | 1.14% | −0.07 |
| IWR iShares Russell Mid-Cap ETF | Reduce -3.0% | 0.35% | −0.04 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -71.0% | 0.01% | −0.03 |
| TY Tri-Continental Corp. | Reduce -40.2% | 0.04% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -1.2% | 0.46% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -3.8% | 0.61% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -5.2% | 0.12% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -16.7% | 0.07% | −0.02 |
| IBHE iShares Ibonds 2025 H/Y Inc. | Reduce -8.1% | 0.05% | −0.01 |
| USHY iShares Broad Usd High Yield | Sold out | 0.00% | −0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -3.7% | 0.07% | −0.01 |
| BND Vanguard Total Bond Market | Reduce -33.0% | 0.01% | −0.01 |
| IBB iShares Biotechnology ETF | Reduce -0.2% | 0.04% | −0.01 |
| IWS iShares Russell Mid-Cap Valu | Reduce -2.6% | 0.04% | −0.01 |
| D Dominion Energy Inc. | Reduce -0.1% | 0.03% | −0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -0.5% | 0.04% | −0.00 |
| XLE SS Energy Select Sector | Reduce -0.5% | 0.01% | −0.00 |
| EXC Exelon Corp. | Reduce -7.7% | 0.01% | −0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -2.3% | 0.02% | −0.00 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -1.1% | 0.02% | −0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -1.1% | 0.06% | −0.00 |
| UPS United Parcel Service Class B | Reduce -1.4% | 0.01% | −0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -1.6% | 0.02% | −0.00 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -0.3% | 0.03% | −0.00 |
| LH Labcorp Holdings Inc. | Reduce -11.1% | 0.01% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.4% | 0.02% | −0.00 |
| BAC Bank of America Corp. | Reduce -1.6% | 0.02% | −0.00 |
| CSX CSX Corp. | Reduce -1.7% | 0.01% | −0.00 |
| CAT Caterpillar Inc. | Reduce -0.7% | 0.01% | +0.00 |
| IWF iShares Russell 1000 Growth | Reduce -0.4% | 0.06% | +0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| PGR Progressive Corp. | Add +2951.5% | 0.97% | +0.93 |
| TJX TJX Companies Inc. | Add +4245.6% | 0.93% | +0.90 |
| NVDA Nvidia Corp. | Add +0.5% | 3.72% | +0.79 |
| IBDR iShares Ibonds Dec 2026 Term | New | 0.59% | +0.59 |
| MSFT Microsoft Corp. | Add +5.2% | 3.08% | +0.53 |
| IVV iShares Core S&P 500 ETF | Add +23.1% | 2.82% | +0.43 |
| IBDQ iShares Ibonds Dec 2025 Term | New | 0.43% | +0.43 |
| RCL Royal Caribbean Cruises Ltd. | Add +12.2% | 1.12% | +0.36 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +39.5% | 0.77% | +0.33 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.31% | +0.31 |
| SAP Sap SE-Sponsored ADR | New | 0.30% | +0.30 |
| ANET Arista Networks Inc. | Add +13.0% | 1.23% | +0.28 |
| UBER Uber Technologies Inc. | Add +7.8% | 1.67% | +0.27 |
| SOFI Sofi Technologies Inc. | Add +26.2% | 0.65% | +0.27 |
| AVGO Broadcom Inc. | Add +23.6% | 0.59% | +0.26 |
| BKNG Booking Holdings Inc. | Add +7.7% | 1.56% | +0.23 |
| META Meta Platforms Inc. Class A | Add +2.8% | 1.84% | +0.23 |
| T AT&T Inc. | New | 0.13% | +0.13 |
| SHOP Shopify Inc. Class A | Add +19.9% | 0.56% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +4.6% | 1.68% | +0.11 |
| BLK BlackRock Inc. | Add +17.9% | 0.89% | +0.10 |
| ONON On Holding AG Class A | Add +10.9% | 0.77% | +0.09 |
| MAR Marriott International Class A | Add +9.9% | 1.10% | +0.09 |
| AMZN Amazon.com Inc. | Add +4.1% | 2.41% | +0.09 |
| IBHI iShares Ibonds 2029 TM HY Inc. | Add +497.0% | 0.10% | +0.08 |
| RACE Ferrari NV | Add +32.7% | 0.33% | +0.08 |
| IBDU iShares Ibonds Dec 2029 Term | Add +465.0% | 0.09% | +0.07 |
| KKR KKR & Co. Inc. | Add +24.8% | 0.35% | +0.07 |
| FTNT Fortinet Inc. | Add +14.4% | 0.82% | +0.07 |
| IGRO iShares Intl Div Growth ETF | Add +17.2% | 0.54% | +0.05 |
| IDEV iShares Core MSCI Dev MKTS | Add +16.1% | 0.46% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +12.9% | 0.42% | +0.04 |
| AJG Arthur J Gallagher & Co. | Add +29.3% | 1.06% | +0.04 |
| PPL PPL Corp. | New | 0.03% | +0.03 |
| CMG Chipotle Mexican Grill Inc. | Add +5.7% | 1.27% | +0.03 |
| RDDT Reddit Inc. Class A | New | 0.02% | +0.02 |
| GEV GE Vernova Inc. | New | 0.02% | +0.02 |
| PNC PNC Financial Services Group | Add +142.0% | 0.04% | +0.02 |
| PFE Pfizer Inc. | New | 0.02% | +0.02 |
| CRM Salesforce Inc. | Add +17.8% | 0.48% | +0.02 |
| CSCO Cisco Systems Inc. | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | New | 0.01% | +0.01 |
| EMF Templeton Emerging Markets | New | 0.01% | +0.01 |
| SO The Southern Co. | Add +18.9% | 0.46% | +0.01 |
| ROK Rockwell Automation Inc. | New | 0.01% | +0.01 |
| FDN First Trust DJ Internet Ind | New | 0.01% | +0.01 |
| BA The Boeing Co. | New | 0.01% | +0.01 |
| TDF Templeton Dragon Fund Inc. | New | 0.01% | +0.01 |
| TFC Truist Financial Corp. | New | 0.01% | +0.01 |
| VZ Verizon Communications Inc. | Add +87.5% | 0.03% | +0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | Sold out | 632,647 | $15.3Mbefore exit |
| IBDQ iShares Ibonds Dec 2025 Term | IBONDS DEC25 ETF · principal | Sold out | 452,364 | $11.4Mbefore exit |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Sold out | 11,000 | $11Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 204 | $2.7B | VV, QQQ, RSPT, NVDA, IVV |
| Q1 2026 | 185 | $2.3B | VV, QQQ, NVDA, RSPT, VIG |
| Q4 2025 | 187 | $2.4B | VV, QQQ, NVDA, RSPT, VIG |
| Q3 2025 | 177 | $2.3B | VV, QQQ, NVDA, MSFT, IVV |
| Q2 2025 | 171 | $2.1B | VV, QQQ, NVDA, MSFT, VIG |
| Q1 2025 | 151 | $1.9B | VV, QQQ, RSP, VIG, NVDA |
| Q4 2024 | 150 | $1.9B | VV, QQQ, NVDA, RSP, VIG |
| Q3 2024 | 145 | $1.8B | VV, QQQ, NVDA, RSP, VIG |
| Q2 2024 | 136 | $1.7B | VV, QQQ, NVDA, RSP, MSFT |
| Q1 2024 | 122 | $1.6B | VV, QQQ, RSP, MSFT, VIG |