Baltimore-Washington Financial Advisors, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Baltimore-Washington Financial Advisors, Inc. reported 177 stock positions worth $2.3 billion. Its top holding was Vngrd Mrgstr LRG-Cap ETF-Usd (VV) at 5.0% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 4.4%) and Nvidia (NVDA, 4.1%). Compared with Q2 2025, it opened 16 new positions, sold out of 10, added to 99 and reduced 51. The biggest buy was a new position in Nasdaq (NDAQ) and the biggest sale Chipotle Mexican Grill (CMG, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- Columbia, MD
- CIK
- 0001555486
- Portfolio Value
- $2.3B (Q3 2025)
- SEC Filing
- 0001172661-25-004696 ↗ filed Nov 12, 2025
Holdings Value
Holdings 177 stocks · $2.3B
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 4.98% | 377,035 | $116.1M | Add +1.3% |
| QQQ Invesco QQQ Trust Series 1 | 4.41% | 171,162 | $102.8M | Reduce -0.4% |
| NVDA Nvidia Corp. | 4.08% | 510,104 | $95.2M | Add +0.9% |
| MSFT Microsoft Corp. | 2.99% | 134,456 | $69.6M | Add +1.3% |
| IVV iShares Core S&P 500 ETF | 2.87% | 100,126 | $67.0M | Add +2.7% |
| VIG Vanguard Dividend Apprec ETF | 2.87% | 310,498 | $67.0M | Add +3.8% |
| RSP Invesco S&P 500 Equal Weight | 2.81% | 345,778 | $65.6M | Add +3.0% |
| RSPT Invesco S&P 500 Equal Weight | 2.66% | 1,392,499 | $62.1M | Add +24.5% |
| VONG Vanguard Russell 1000 Growth | 2.52% | 486,840 | $58.7M | Add +3.1% |
| AAPL Apple Inc. | 2.51% | 230,010 | $58.6M | Add +1.4% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 2.48% | 716,628 | $57.8M | Add +6.8% |
| GOOG Alphabet Inc. Class C | 2.31% | 221,391 | $53.9M | Add +0.9% |
| AMZN Amazon.com Inc. | 2.26% | 239,862 | $52.7M | Add +1.9% |
| LGLV SPDR US LC Low Vol Idx | 2.20% | 288,483 | $51.4M | Add +3.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.18% | 273,151 | $50.9M | Add +10.2% |
| VYM Vanguard High DVD Yield ETF | 2.00% | 330,252 | $46.5M | Add +2.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.87% | 417,295 | $43.6M | Add +3.4% |
| COST Costco Wholesale Corp. | 1.73% | 43,685 | $40.4M | Add +2.1% |
| META Meta Platforms Inc. Class A | 1.73% | 54,956 | $40.4M | Add +3.0% |
| JPM JPMorgan Chase & Co. | 1.72% | 127,189 | $40.1M | Add +2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.67% | 77,390 | $38.9M | Add +9.6% |
| UBER Uber Technologies Inc. | 1.67% | 396,804 | $38.9M | Add +3.5% |
| BX Blackstone Inc. | 1.64% | 223,352 | $38.2M | Add +3.1% |
| ANET Arista Networks Inc. | 1.63% | 261,291 | $38.1M | Add +1.3% |
| IYG iShares U.S. Financial Servi | 1.56% | 404,827 | $36.3M | Add +2.8% |
| V Visa Inc. Class A | 1.43% | 97,595 | $33.3M | Add +2.6% |
| BKNG Booking Holdings Inc. | 1.37% | 5,907 | $31.9M | Add +2.2% |
| SYK Stryker Corp. | 1.25% | 78,668 | $29.1M | Add +5.9% |
| IBHH iShares Ibonds 2028 TM HY Inc. | 1.15% | 1,126,660 | $26.9M | Add +6.0% |
| VOO Vanguard S&P 500 ETF | 1.14% | 43,564 | $26.7M | Add +0.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.12% | 180,844 | $26.1M | Add +12.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.11% | 38,904 | $25.9M | Reduce -0.5% |
| RCL Royal Caribbean Cruises Ltd. | 1.08% | 78,155 | $25.3M | Add +1.7% |
| EFIV SS SPDR S&P 500 ESG ETF | 1.06% | 389,065 | $24.7M | Add +2.4% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.04% | 954,127 | $24.3M | Add +3.4% |
| PGR Progressive Corp. | 1.04% | 98,484 | $24.3M | Add +26.3% |
| ICE Intercontinental Exchange Inc. | 1.02% | 141,752 | $23.9M | Add +2.4% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.01% | 75,734 | $23.5M | Add +6.8% |
| MAR Marriott International Class A | 1.00% | 89,124 | $23.2M | Add +3.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.95% | 46,205 | $22.2M | Add +3.6% |
| BLK BlackRock Inc. | 0.94% | 18,840 | $22.0M | Add +3.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.93% | 44,211 | $21.7M | Add +37.1% |
| SOFI Sofi Technologies Inc. | 0.85% | 753,318 | $19.9M | Reduce -1.3% |
| MMTM SS SPDR S&P 1500 Mom Tilt | 0.83% | 67,755 | $19.4M | Add +5.2% |
| NDAQ Nasdaq Inc. | 0.74% | 196,192 | $17.4M | New |
| SHOP Shopify Inc. Class A | 0.70% | 110,104 | $16.4M | Add +6.2% |
| AVGO Broadcom Inc. | 0.68% | 48,237 | $15.9M | Add +4.2% |
| IBTI iShares Ibonds Dec 2028 Term | 0.64% | 669,810 | $15.0M | Add +5.7% |
| FTNT Fortinet Inc. | 0.61% | 169,836 | $14.3M | Add +1.7% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.60% | 331,457 | $14.0M | Add +4.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.55% | 180,562 | $12.9M | Add +5.6% |
| XLC SS Comm Select Sector SPDR | 0.54% | 106,741 | $12.6M | New |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.54% | 60,303 | $12.6M | Add +16.2% |
| IGRO iShares Intl Div Growth ETF | 0.53% | 155,882 | $12.4M | Add +6.8% |
| GOOGL Alphabet Inc. Class A | 0.53% | 50,749 | $12.3M | Add +0.0% |
| DGT SS SPDR Global Dow ETF | 0.52% | 74,515 | $12.1M | Add +6.0% |
| IBDR iShares Ibonds Dec 2026 Term | 0.51% | 490,596 | $11.9M | Reduce -5.7% |
| ARCC Ares Capital Corp. | 0.49% | 557,492 | $11.4M | Add +7.9% |
| CPRT Copart Inc. | 0.48% | 247,687 | $11.1M | Reduce -3.8% |
| SO The Southern Co. | 0.46% | 113,460 | $10.8M | Add +6.6% |
| IDEV iShares Core MSCI Dev MKTS | 0.46% | 133,767 | $10.7M | Add +3.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.46% | 136,370 | $10.7M | Reduce -0.4% |
| IBHF iShares Ibond 2026 HY & Inc. | 0.46% | 455,692 | $10.7M | Add +2.3% |
| TXN Texas Instruments Inc. | 0.44% | 56,254 | $10.3M | Reduce -11.0% |
| IBTG iShares Ibonds Dec 2026 Term | 0.42% | 430,507 | $9.9M | Reduce -1.1% |
| HD Home Depot Inc. | 0.39% | 22,500 | $9.1M | Reduce -11.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.39% | 30,906 | $9.1M | Reduce -5.2% |
| IBTF iShares Ibonds Dec 2025 Term | 0.38% | 384,131 | $9.0M | Reduce -3.2% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.38% | 354,070 | $8.9M | Reduce -2.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.38% | 9,176 | $8.9M | Add +10.4% |
| KKR KKR & Co. Inc. | 0.36% | 65,323 | $8.5M | Add +15.2% |
| IWR iShares Russell Mid-Cap ETF | 0.33% | 79,961 | $7.7M | Reduce -2.2% |
| RACE Ferrari NV | 0.33% | 15,854 | $7.7M | Add +10.9% |
| XLV SS Health Care Select Sector | 0.28% | 46,488 | $6.5M | Reduce -55.4% |
| SAP Sap SE-Sponsored ADR | 0.27% | 23,145 | $6.2M | Add +10.9% |
| IJT iShares S&P Small-Cap 600 GR | 0.26% | 43,551 | $6.2M | Reduce -2.6% |
| IBHI iShares Ibonds 2029 TM HY Inc. | 0.22% | 218,677 | $5.2M | Add +146.4% |
| CMG Chipotle Mexican Grill Inc. | 0.21% | 122,959 | $4.8M | Reduce -74.6% |
| SDY SS SPDR S&P Dividend ETF | 0.18% | 29,460 | $4.1M | Reduce -82.0% |
| IBDU iShares Ibonds Dec 2029 Term | 0.13% | 133,204 | $3.1M | Add +60.3% |
| MDY State Street SPDR S&P Midcap | 0.11% | 4,334 | $2.6M | Reduce -3.3% |
| LLY Eli Lilly & Co. | 0.11% | 3,371 | $2.6M | Add +275.4% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.07% | 16,293 | $1.6M | Reduce -3.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.07% | 13,829 | $1.6M | Add +98.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.06% | 26,515 | $1.5M | Reduce -3.6% |
| IWF iShares Russell 1000 Growth | 0.06% | 3,116 | $1.5M | Reduce -0.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.06% | 4,330 | $1.4M | Reduce -7.9% |
| XOM Exxon Mobil Corp. | 0.06% | 12,438 | $1.4M | Add +0.4% |
| IWM iShares Russell 2000 ETF | 0.06% | 5,736 | $1.4M | Reduce -6.7% |
| TSLA Tesla Inc. | 0.06% | 3,089 | $1.4M | Reduce -8.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.06% | 30,762 | $1.3M | Reduce -2.0% |
| IBHE iShares Ibonds 2025 H/Y Inc. | 0.05% | 51,083 | $1.2M | Add +3.7% |
| T AT&T Inc. | 0.05% | 39,232 | $1.1M | Reduce -59.4% |
| PSCT Invesco S&P Smallcap Informa | 0.05% | 20,569 | $1.1M | No change |
| IWS iShares Russell Mid-Cap Valu | 0.04% | 7,137 | $997K | Reduce -2.3% |
| IBB iShares Biotechnology ETF | 0.04% | 6,769 | $977K | Reduce -0.4% |
| IJR iShares Core S&P Small-Cap E | 0.04% | 8,032 | $954K | Add +3.6% |
| RDDT Reddit Inc. Class A | 0.04% | 4,044 | $930K | Add +32.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.04% | 19,711 | $913K | Reduce -1.5% |
| DKNG Draftkings Inc. Class A | 0.04% | 23,276 | $871K | Add +7.7% |
Portfolio Sells Q2 2025 → Q3 2025
| CMG Chipotle Mexican Grill Inc. | Reduce -74.6% | 0.21% | −1.06 |
| SDY SS SPDR S&P Dividend ETF | Reduce -82.0% | 0.18% | −0.86 |
| CRM Salesforce Inc. | Reduce -97.3% | 0.01% | −0.47 |
| XLV SS Health Care Select Sector | Reduce -55.4% | 0.28% | −0.38 |
| UNH Unitedhealth Group Inc. | Reduce -96.8% | 0.01% | −0.33 |
| TXN Texas Instruments Inc. | Reduce -11.0% | 0.44% | −0.17 |
| CPRT Copart Inc. | Reduce -3.8% | 0.48% | −0.11 |
| T AT&T Inc. | Reduce -59.4% | 0.05% | −0.08 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -5.7% | 0.51% | −0.08 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -3.2% | 0.38% | −0.05 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -2.4% | 0.38% | −0.04 |
| HD Home Depot Inc. | Reduce -11.3% | 0.39% | −0.04 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -1.1% | 0.42% | −0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -5.2% | 0.39% | −0.04 |
| IWR iShares Russell Mid-Cap ETF | Reduce -2.2% | 0.33% | −0.02 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.02 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.02 |
| IBMN iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.02 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.5% | 1.11% | −0.01 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -2.6% | 0.26% | −0.01 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.01 |
| IBMO iShares Ibonds Dec 2026 Term | Sold out | 0.00% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.4% | 4.41% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.01 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.01 |
| CG The Carlyle Group Inc. | Sold out | 0.00% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -3.3% | 0.11% | −0.01 |
| PPL PPL Corp. | Reduce -24.5% | 0.02% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -20.0% | 0.02% | −0.01 |
| LUNR Intuitive Machines Inc. | Reduce -27.1% | 0.01% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -18.8% | 0.02% | −0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.4% | 0.46% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -7.9% | 0.06% | −0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -3.6% | 0.06% | −0.00 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Reduce -3.1% | 0.07% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -21.5% | 0.01% | −0.00 |
| GEV GE Vernova Inc. | Reduce -23.1% | 0.02% | −0.00 |
| MPT Medical Properties Trust Inc. | Sold out | 0.00% | −0.00 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -7.8% | 0.02% | −0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -2.0% | 0.06% | −0.00 |
| IWM iShares Russell 2000 ETF | Reduce -6.7% | 0.06% | −0.00 |
| IWS iShares Russell Mid-Cap Valu | Reduce -2.3% | 0.04% | −0.00 |
| IWY iShares Russell Top 200 Grow | Reduce -9.3% | 0.03% | −0.00 |
| UNP Union Pacific Corp. | Reduce -2.5% | 0.02% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -7.2% | 0.01% | −0.00 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -3.9% | 0.02% | −0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -0.7% | 0.02% | −0.00 |
| EXC Exelon Corp. | Reduce -0.9% | 0.01% | −0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -1.5% | 0.04% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| NDAQ Nasdaq Inc. | New | 0.74% | +0.74 |
| XLC SS Comm Select Sector SPDR | New | 0.54% | +0.54 |
| RSPT Invesco S&P 500 Equal Weight | Add +24.5% | 2.66% | +0.54 |
| GOOG Alphabet Inc. Class C | Add +0.9% | 2.31% | +0.50 |
| ANET Arista Networks Inc. | Add +1.3% | 1.63% | +0.40 |
| NVDA Nvidia Corp. | Add +0.9% | 4.08% | +0.36 |
| AAPL Apple Inc. | Add +1.4% | 2.51% | +0.34 |
| TJX TJX Companies Inc. | Add +12.3% | 1.12% | +0.19 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +37.1% | 0.93% | +0.16 |
| SHOP Shopify Inc. Class A | Add +6.2% | 0.70% | +0.14 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +10.2% | 2.18% | +0.14 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +6.8% | 2.48% | +0.14 |
| BX Blackstone Inc. | Add +3.1% | 1.64% | +0.13 |
| IBHI iShares Ibonds 2029 TM HY Inc. | Add +146.4% | 0.22% | +0.13 |
| VONG Vanguard Russell 1000 Growth | Add +3.1% | 2.52% | +0.11 |
| GOOGL Alphabet Inc. Class A | Add +0.0% | 0.53% | +0.11 |
| AVGO Broadcom Inc. | Add +4.2% | 0.68% | +0.09 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +3.4% | 1.87% | +0.08 |
| LLY Eli Lilly & Co. | Add +275.4% | 0.11% | +0.08 |
| PGR Progressive Corp. | Add +26.3% | 1.04% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.6% | 1.67% | +0.07 |
| ASML ASML Holding NV-NY Reg SHS | Add +10.4% | 0.38% | +0.07 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +16.2% | 0.54% | +0.07 |
| IVV iShares Core S&P 500 ETF | Add +2.7% | 2.87% | +0.05 |
| BLK BlackRock Inc. | Add +3.5% | 0.94% | +0.05 |
| IBDU iShares Ibonds Dec 2029 Term | Add +60.3% | 0.13% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +2.3% | 1.72% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +3.6% | 0.95% | +0.04 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +1.3% | 4.98% | +0.03 |
| MMTM SS SPDR S&P 1500 Mom Tilt | Add +5.2% | 0.83% | +0.03 |
| JNJ Johnson & Johnson | New | 0.03% | +0.03 |
| DIS The Walt Disney Co. | Add +98.8% | 0.07% | +0.03 |
| EFIV SS SPDR S&P 500 ESG ETF | Add +2.4% | 1.06% | +0.02 |
| DGT SS SPDR Global Dow ETF | Add +6.0% | 0.52% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +3.8% | 2.87% | +0.02 |
| AMGN Amgen Inc. | New | 0.02% | +0.02 |
| RDDT Reddit Inc. Class A | Add +32.8% | 0.04% | +0.02 |
| ADP Automatic Data Processing | New | 0.02% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +5.6% | 0.55% | +0.02 |
| CVX Chevron Corp. | New | 0.02% | +0.02 |
| GE General Electric | New | 0.02% | +0.02 |
| COHR Coherent Corp. | New | 0.01% | +0.01 |
| KKR KKR & Co. Inc. | Add +15.2% | 0.36% | +0.01 |
| IVW iShares S&P 500 Growth ETF | New | 0.01% | +0.01 |
| APD Air Products & Chemicals Inc. | Add +98.1% | 0.03% | +0.01 |
| MCD McDonald's Corp. | New | 0.01% | +0.01 |
| IGV iShares Expanded Tech-Softwa | New | 0.01% | +0.01 |
| ITOT iShares Core S&P Total U.S. | New | 0.01% | +0.01 |
| MPC Marathon Petroleum Corp. | New | 0.01% | +0.01 |
| HWM Howmet Aerospace Inc. | New | 0.01% | +0.01 |
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 |