Brandywine Asset Management, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 22, 2026), Brandywine Asset Management, Inc. reported 14 stock positions worth $126.0 million. Its top holding was Vanguard Ftse Developed ETF (VEA) at 23.0% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 15.4%) and Vanguard S&P 500 ETF (VOO, 14.2%). Compared with Q4 2025, it sold out of 1, added to 9 and reduced 2. The biggest buy was Vanguard Ftse Developed ETF (VEA, shares +0%) and the biggest sale an exit from Invesco Nasdaq 100 ETF (QQQM).

Most Recent 13F
Q1 2026
Location
THORNTON, PA
CIK
0002106766
Portfolio Value
$126.0M (Q1 2026)
SEC Filing
0002000324-26-001612 ↗ filed Apr 22, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q4 2025: $142.3M Q4 2025 Q1 2026: $126.0M $126.0M Q1 2026

Holdings 14 stocks · $126.0M

VEA Vanguard Ftse Developed ETF 23.03% 445,676 $29.0M Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US 15.43% 29,900 $19.4M Reduce -12.1%
VOO Vanguard S&P 500 ETF 14.21% 29,573 $17.9M No change
VTWO Vanguard Russell 2000 ETF 11.93% 147,440 $15.0M Reduce -0.3%
AGG iShares Core U.S. Aggregate 10.62% 135,175 $13.4M Add +0.1%
VONG Vanguard Russell 1000 Growth 8.94% 101,346 $11.3M Add +6.4%
VONV Vanguard Russell 1000 Value 7.31% 96,915 $9.2M Add +0.4%
VTWG Vanguard Russell 2000 Growth 3.43% 18,550 $4.3M Add +0.1%
VTWV Vanguard Russell 2000 Value 3.08% 22,843 $3.9M Add +0.4%
BNDX Vanguard Total Intl Bond ETF 1.11% 29,282 $1.4M Add +0.4%
SPHY SS SPDR P High Yield ETF 0.49% 26,607 $621K Add +1.8%
VWOB Vanguard Emerg MKTS Gov BND 0.41% 7,774 $511K Add +1.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.00% 1 $291 No change
VB Vanguard Most SM-Cap ETF-Usd 0.00% 1 $91 No change

Portfolio Sells Q4 2025 → Q1 2026

QQQM Invesco Nasdaq 100 ETF Sold out 0.00% −7.11
SPY SS SPDR S&P 500 ETF Trust-US Reduce -12.1% 15.43% −0.86
VTWO Vanguard Russell 2000 ETF Reduce -0.3% 11.93% +1.00

Portfolio Buys Q4 2025 → Q1 2026

VEA Vanguard Ftse Developed ETF Add +0.2% 23.03% +2.13
AGG iShares Core U.S. Aggregate Add +0.1% 10.62% +1.16
VONG Vanguard Russell 1000 Growth Add +6.4% 8.94% +1.11
VONV Vanguard Russell 1000 Value Add +0.4% 7.31% +0.68
VTWV Vanguard Russell 2000 Value Add +0.4% 3.08% +0.30
VTWG Vanguard Russell 2000 Growth Add +0.1% 3.43% +0.29
BNDX Vanguard Total Intl Bond ETF Add +0.4% 1.11% +0.12
SPHY SS SPDR P High Yield ETF Add +1.8% 0.49% +0.06
VWOB Vanguard Emerg MKTS Gov BND Add +1.0% 0.41% +0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2026 14$126.0MVEA, SPY, VOO, VTWO, AGG
Q4 2025 15$142.3MVEA, SPY, VOO, VTWO, AGG