Baltimore-Washington Financial Advisors, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Baltimore-Washington Financial Advisors, Inc. reported 187 stock positions worth $2.4 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, 4.5%) and Nvidia (NVDA, 4.2%). Compared with Q3 2025, it opened 20 new positions, sold out of 10, added to 105 and reduced 47. The biggest buy was SS Comm Select Sector SPDR (XLC, shares +263%) and the biggest sale an exit from Progressive (PGR).
- Most Recent 13F
- Q2 2026
- Location
- Columbia, MD
- CIK
- 0001555486
- Portfolio Value
- $2.4B (Q4 2025)
- SEC Filing
- 0001172661-26-000706 ↗ filed Feb 13, 2026
Holdings Value
Holdings 187 stocks · $2.4B
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 5.00% | 380,128 | $119.7M | Add +0.8% |
| QQQ Invesco QQQ Trust Series 1 | 4.47% | 174,093 | $106.9M | Add +1.7% |
| NVDA Nvidia Corp. | 4.20% | 538,326 | $100.4M | Add +5.5% |
| RSPT Invesco S&P 500 Equal Weight | 3.15% | 1,656,784 | $75.4M | Add +19.0% |
| VIG Vanguard Dividend Apprec ETF | 2.92% | 317,797 | $69.8M | Add +2.4% |
| IVV iShares Core S&P 500 ETF | 2.92% | 101,896 | $69.8M | Add +1.8% |
| RSP Invesco S&P 500 Equal Weight | 2.84% | 354,814 | $68.0M | Add +2.6% |
| MSFT Microsoft Corp. | 2.80% | 138,715 | $67.1M | Add +3.2% |
| GOOG Alphabet Inc. Class C | 2.79% | 212,942 | $66.8M | Reduce -3.8% |
| AAPL Apple Inc. | 2.65% | 233,508 | $63.5M | Add +1.5% |
| VONG Vanguard Russell 1000 Growth | 2.60% | 510,720 | $62.2M | Add +4.9% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 2.53% | 732,998 | $60.5M | Add +2.3% |
| AMZN Amazon.com Inc. | 2.36% | 244,874 | $56.5M | Add +2.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.27% | 283,710 | $54.2M | Add +3.9% |
| LGLV SPDR US LC Low Vol Idx | 2.17% | 295,425 | $51.9M | Add +2.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.94% | 434,944 | $46.4M | Add +4.2% |
| VYM Vanguard High DVD Yield ETF | 1.91% | 318,956 | $45.8M | Reduce -3.4% |
| XLC SS Comm Select Sector SPDR | 1.90% | 387,052 | $45.6M | Add +262.6% |
| JPM JPMorgan Chase & Co. | 1.86% | 138,007 | $44.5M | Add +8.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.65% | 78,427 | $39.4M | Add +1.3% |
| IYG iShares U.S. Financial Servi | 1.61% | 416,568 | $38.4M | Add +2.9% |
| COST Costco Wholesale Corp. | 1.60% | 44,496 | $38.4M | Add +1.9% |
| META Meta Platforms Inc. Class A | 1.58% | 57,103 | $37.7M | Add +3.9% |
| V Visa Inc. Class A | 1.49% | 101,424 | $35.6M | Add +3.9% |
| BX Blackstone Inc. | 1.47% | 227,877 | $35.1M | Add +2.0% |
| ANET Arista Networks Inc. | 1.45% | 265,376 | $34.8M | Add +1.6% |
| UBER Uber Technologies Inc. | 1.40% | 408,615 | $33.4M | Add +3.0% |
| BKNG Booking Holdings Inc. | 1.35% | 6,041 | $32.4M | Add +2.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.22% | 189,288 | $29.1M | Add +4.7% |
| MAR Marriott International Class A | 1.19% | 91,998 | $28.5M | Add +3.2% |
| IBHH iShares Ibonds 2028 TM HY Inc. | 1.19% | 1,201,619 | $28.4M | Add +6.7% |
| SYK Stryker Corp. | 1.17% | 79,781 | $28.0M | Add +1.4% |
| VOO Vanguard S&P 500 ETF | 1.14% | 43,527 | $27.3M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.13% | 39,690 | $27.1M | Add +2.0% |
| EFIV SS SPDR S&P 500 ESG ETF | 1.09% | 394,279 | $26.1M | Add +1.3% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.06% | 992,996 | $25.3M | Add +4.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.01% | 49,504 | $24.2M | Add +7.1% |
| ICE Intercontinental Exchange Inc. | 0.98% | 144,531 | $23.4M | Add +2.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.96% | 48,933 | $22.9M | Add +10.7% |
| RCL Royal Caribbean Cruises Ltd. | 0.94% | 80,317 | $22.4M | Add +2.8% |
| SOFI Sofi Technologies Inc. | 0.89% | 814,044 | $21.3M | Add +8.1% |
| MMTM SS SPDR S&P 1500 Mom Tilt | 0.89% | 72,494 | $21.2M | Add +7.0% |
| BLK BlackRock Inc. | 0.87% | 19,455 | $20.8M | Add +3.3% |
| NDAQ Nasdaq Inc. | 0.79% | 193,874 | $18.8M | Reduce -1.2% |
| SHOP Shopify Inc. Class A | 0.79% | 116,726 | $18.8M | Add +6.0% |
| AVGO Broadcom Inc. | 0.76% | 52,204 | $18.1M | Add +8.2% |
| GOOGL Alphabet Inc. Class A | 0.67% | 51,275 | $16.0M | Add +1.0% |
| IBTI iShares Ibonds Dec 2028 Term | 0.67% | 716,024 | $16.0M | Add +6.9% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.66% | 337,079 | $15.7M | Add +1.7% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.60% | 55,166 | $14.3M | Reduce -27.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.59% | 193,015 | $14.2M | Add +6.9% |
| IGRO iShares Intl Div Growth ETF | 0.58% | 167,855 | $13.9M | Add +7.7% |
| DGT SS SPDR Global Dow ETF | 0.56% | 79,646 | $13.3M | Add +6.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.55% | 61,958 | $13.1M | Add +2.7% |
| ARCC Ares Capital Corp. | 0.52% | 613,371 | $12.4M | Add +10.0% |
| IBHI iShares Ibonds 2029 TM HY Inc. | 0.50% | 502,656 | $11.9M | Add +129.9% |
| IDEV iShares Core MSCI Dev MKTS | 0.48% | 138,885 | $11.5M | Add +3.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.47% | 10,458 | $11.2M | Add +14.0% |
| IBHF iShares Ibond 2026 HY & Inc. | 0.46% | 477,694 | $11.0M | Add +4.8% |
| SO The Southern Co. | 0.45% | 122,816 | $10.7M | Add +8.3% |
| IBTG iShares Ibonds Dec 2026 Term | 0.43% | 451,747 | $10.3M | Add +4.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.40% | 120,474 | $9.7M | Reduce -11.7% |
| IBDU iShares Ibonds Dec 2029 Term | 0.40% | 410,573 | $9.6M | Add +208.2% |
| FTNT Fortinet Inc. | 0.38% | 115,145 | $9.1M | Reduce -32.2% |
| TXN Texas Instruments Inc. | 0.37% | 50,525 | $8.8M | Reduce -10.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.36% | 29,538 | $8.6M | Reduce -4.4% |
| KKR KKR & Co. Inc. | 0.31% | 58,882 | $7.5M | Reduce -9.9% |
| XLV SS Health Care Select Sector | 0.30% | 46,403 | $7.2M | Reduce -0.2% |
| IWR iShares Russell Mid-Cap ETF | 0.30% | 74,075 | $7.1M | Reduce -7.4% |
| SAP Sap SE-Sponsored ADR | 0.27% | 26,696 | $6.5M | Add +15.3% |
| HD Home Depot Inc. | 0.25% | 17,562 | $6.0M | Reduce -21.9% |
| RACE Ferrari NV | 0.25% | 16,088 | $5.9M | Add +1.5% |
| IJT iShares S&P Small-Cap 600 GR | 0.24% | 41,089 | $5.8M | Reduce -5.7% |
| SDY SS SPDR S&P Dividend ETF | 0.16% | 27,816 | $3.9M | Reduce -5.6% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.15% | 168,262 | $3.7M | New |
| LLY Eli Lilly & Co. | 0.15% | 3,378 | $3.6M | Add +0.2% |
| MDY State Street SPDR S&P Midcap | 0.10% | 4,090 | $2.5M | Reduce -5.6% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.07% | 16,233 | $1.6M | Reduce -0.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.06% | 4,543 | $1.5M | Add +4.9% |
| XOM Exxon Mobil Corp. | 0.06% | 12,536 | $1.5M | Add +0.8% |
| IWF iShares Russell 1000 Growth | 0.06% | 3,158 | $1.5M | Add +1.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.06% | 25,202 | $1.4M | Reduce -5.0% |
| TSLA Tesla Inc. | 0.06% | 3,163 | $1.4M | Add +2.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 12,375 | $1.4M | Reduce -10.5% |
| T AT&T Inc. | 0.06% | 55,766 | $1.4M | Add +42.1% |
| IWM iShares Russell 2000 ETF | 0.06% | 5,592 | $1.4M | Reduce -2.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.06% | 29,731 | $1.3M | Reduce -3.4% |
| NEE Nextera Energy Inc. | 0.05% | 16,330 | $1.3M | New |
| DKNG Draftkings Inc. Class A | 0.05% | 34,864 | $1.2M | Add +49.8% |
| PSCT Invesco S&P Smallcap Informa | 0.05% | 20,569 | $1.2M | No change |
| IBB iShares Biotechnology ETF | 0.05% | 6,557 | $1.1M | Reduce -3.1% |
| IWS iShares Russell Mid-Cap Valu | 0.04% | 6,903 | $974K | Reduce -3.3% |
| RKLB Rocket Lab Corp. | 0.04% | 13,344 | $931K | No change |
| RDDT Reddit Inc. Class A | 0.04% | 4,044 | $930K | No change |
| CEG Constellation Energy | 0.04% | 2,620 | $926K | Add +3.3% |
| PNC PNC Financial Services Group | 0.04% | 4,415 | $922K | Add +7.2% |
| IJR iShares Core S&P Small-Cap E | 0.04% | 7,592 | $912K | Reduce -5.5% |
| VGT Vanguard Info Tech ETF | 0.04% | 1,121 | $845K | Add +19.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.03% | 17,229 | $807K | Reduce -12.6% |
| JNJ Johnson & Johnson | 0.03% | 3,856 | $798K | Add +8.7% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $11.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | 489,849 | $11.9M | New |
Total filed on the 13F, all lines: $2.4B.
Portfolio Sells Q3 2025 → Q4 2025
| PGR Progressive Corp. | Sold out | 0.00% | −1.04 |
| IBDR iShares Ibonds Dec 2026 Term | Sold out | 0.00% | −0.51 |
| CPRT Copart Inc. | Reduce -97.5% | 0.01% | −0.47 |
| AJG Arthur J Gallagher & Co. | Reduce -27.2% | 0.60% | −0.41 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.38 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.38 |
| FTNT Fortinet Inc. | Reduce -32.2% | 0.38% | −0.23 |
| CMG Chipotle Mexican Grill Inc. | Reduce -89.3% | 0.02% | −0.19 |
| HD Home Depot Inc. | Reduce -21.9% | 0.25% | −0.14 |
| VYM Vanguard High DVD Yield ETF | Reduce -3.4% | 1.91% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -10.2% | 0.37% | −0.08 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -11.7% | 0.40% | −0.05 |
| IBHE iShares Ibonds 2025 H/Y Inc. | Sold out | 0.00% | −0.05 |
| KKR KKR & Co. Inc. | Reduce -9.9% | 0.31% | −0.05 |
| IWR iShares Russell Mid-Cap ETF | Reduce -7.4% | 0.30% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -4.4% | 0.36% | −0.03 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -5.7% | 0.24% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Reduce -5.6% | 0.16% | −0.02 |
| APD Air Products & Chemicals Inc. | Reduce -49.0% | 0.01% | −0.01 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.01 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.01 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.01 |
| DIS The Walt Disney Co. | Reduce -10.5% | 0.06% | −0.01 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.01 |
| PEP Pepsico Inc. | Reduce -43.8% | 0.01% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -5.6% | 0.10% | −0.01 |
| XSORX Source Capital Inc. | Reduce -16.7% | 0.03% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -12.6% | 0.03% | −0.01 |
| ADP Automatic Data Processing | Reduce -3.9% | 0.01% | −0.00 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Reduce -0.4% | 0.07% | −0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -5.0% | 0.06% | −0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -0.1% | 1.14% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -5.5% | 0.04% | −0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -12.2% | 0.02% | −0.00 |
| IWS iShares Russell Mid-Cap Valu | Reduce -3.3% | 0.04% | −0.00 |
| IWM iShares Russell 2000 ETF | Reduce -2.5% | 0.06% | −0.00 |
| GE General Electric | Reduce -11.4% | 0.01% | −0.00 |
| SPEM State Street SP PTF Em ETF | Reduce -6.7% | 0.02% | −0.00 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -4.4% | 0.02% | −0.00 |
| IWY iShares Russell Top 200 Grow | Reduce -4.5% | 0.03% | −0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -3.4% | 0.06% | −0.00 |
| UAMY United States Antimony Corp. | Reduce -3.8% | 0.00% | −0.00 |
| MCD McDonald's Corp. | Reduce -6.3% | 0.01% | −0.00 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -1.0% | 0.02% | −0.00 |
| KO The Coca-Cola Co. | Reduce -6.0% | 0.01% | −0.00 |
| DEXCOM INC (DXCM 0.25 11/15/25) | Sold out | 0.00% | −0.00 |
| WELL Welltower Inc. | Reduce -4.7% | 0.02% | −0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -4.1% | 0.01% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -5.0% | 0.01% | −0.00 |
| BA The Boeing Co. | Reduce -0.9% | 0.01% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| XLC SS Comm Select Sector SPDR | Add +262.6% | 1.90% | +1.36 |
| RSPT Invesco S&P 500 Equal Weight | Add +19.0% | 3.15% | +0.49 |
| IBHI iShares Ibonds 2029 TM HY Inc. | Add +129.9% | 0.50% | +0.27 |
| IBDU iShares Ibonds Dec 2029 Term | Add +208.2% | 0.40% | +0.27 |
| MAR Marriott International Class A | Add +3.2% | 1.19% | +0.20 |
| IBTJ iShares Ibonds Dec 2029 Term | New | 0.15% | +0.15 |
| AAPL Apple Inc. | Add +1.5% | 2.65% | +0.14 |
| GOOGL Alphabet Inc. Class A | Add +1.0% | 0.67% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +8.5% | 1.86% | +0.14 |
| NVDA Nvidia Corp. | Add +5.5% | 4.20% | +0.12 |
| AMZN Amazon.com Inc. | Add +2.1% | 2.36% | +0.10 |
| TJX TJX Companies Inc. | Add +4.7% | 1.22% | +0.09 |
| ASML ASML Holding NV-NY Reg SHS | Add +14.0% | 0.47% | +0.09 |
| SHOP Shopify Inc. Class A | Add +6.0% | 0.79% | +0.08 |
| VONG Vanguard Russell 1000 Growth | Add +4.9% | 2.60% | +0.08 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +3.9% | 2.27% | +0.08 |
| AVGO Broadcom Inc. | Add +8.2% | 0.76% | +0.07 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +4.2% | 1.94% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.7% | 4.47% | +0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +7.1% | 1.01% | +0.06 |
| V Visa Inc. Class A | Add +3.9% | 1.49% | +0.06 |
| MMTM SS SPDR S&P 1500 Mom Tilt | Add +7.0% | 0.89% | +0.06 |
| NEE Nextera Energy Inc. | New | 0.05% | +0.05 |
| ONON On Holding AG Class A | Add +1.7% | 0.66% | +0.05 |
| IYG iShares U.S. Financial Servi | Add +2.9% | 1.61% | +0.05 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +2.3% | 2.53% | +0.05 |
| IGRO iShares Intl Div Growth ETF | Add +7.7% | 0.58% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | Add +2.4% | 2.92% | +0.05 |
| IVV iShares Core S&P 500 ETF | Add +1.8% | 2.92% | +0.04 |
| LLY Eli Lilly & Co. | Add +0.2% | 0.15% | +0.04 |
| VEU Vanguard Ftse All-World Ex-U | Add +6.9% | 0.59% | +0.04 |
| DGT SS SPDR Global Dow ETF | Add +6.9% | 0.56% | +0.04 |
| SOFI Sofi Technologies Inc. | Add +8.1% | 0.89% | +0.04 |
| IBHH iShares Ibonds 2028 TM HY Inc. | Add +6.7% | 1.19% | +0.04 |
| ARCC Ares Capital Corp. | Add +10.0% | 0.52% | +0.03 |
| EFIV SS SPDR S&P 500 ESG ETF | Add +1.3% | 1.09% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +10.7% | 0.96% | +0.03 |
| RSP Invesco S&P 500 Equal Weight | Add +2.6% | 2.84% | +0.03 |
| AVUV Avantis US Small Cap Value | New | 0.03% | +0.03 |
| IBTI iShares Ibonds Dec 2028 Term | Add +6.9% | 0.67% | +0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.8% | 5.00% | +0.02 |
| WM Waste Management Inc. | New | 0.02% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.0% | 1.13% | +0.02 |
| OEF iShares S&P 100 ETF | New | 0.02% | +0.02 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 0.02% | +0.02 |
| IDEV iShares Core MSCI Dev MKTS | Add +3.8% | 0.48% | +0.02 |
| IWD iShares Russell 1000 Value E | Add +192.7% | 0.03% | +0.02 |
| GIS General Mills Inc. | New | 0.02% | +0.02 |
| VHT Vanguard Health Care ETF | New | 0.02% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | New | 0.01% | +0.01 |
Notes & Other Activity Q3 2025 → Q4 2025
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | New | 489,849 | $11.9M |
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 |