Brown Advisory Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Brown Advisory Inc. reported 1,377 stock positions worth $76.8 billion. Its top holding was Microsoft (MSFT) at 7.7% of the portfolio, followed by Visa Class A (V, 3.4%) and Nvidia (NVDA, 3.3%). Compared with Q2 2025, it opened 72 new positions, sold out of 50, added to 504 and reduced 594. The biggest buy was a new position in Tema S&P 500 Hist Weight ETF (DSPY) and the biggest sale Marvell Technology (MRVL, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0001345929
- Portfolio Value
- $76.8B (Q3 2025)
- SEC Filing
- 0001345929-25-000002 ↗ filed Nov 14, 2025
Holdings Value
Holdings 1,377 stocks · $76.8B
| MSFT Microsoft Corp. | 7.67% | 11,379,540 | $5.9B | Reduce -3.5% |
| V Visa Inc. Class A | 3.40% | 7,646,735 | $2.6B | Add +6.3% |
| NVDA Nvidia Corp. | 3.26% | 13,426,055 | $2.5B | Reduce -22.8% |
| AMZN Amazon.com Inc. | 3.26% | 11,399,359 | $2.5B | Reduce -7.5% |
| GOOG Alphabet Inc. Class C | 2.65% | 8,371,690 | $2.0B | Add +11.1% |
| INTU Intuit Inc. | 2.53% | 2,849,786 | $1.9B | Reduce -6.2% |
| MA Mastercard Inc. Class A | 2.45% | 3,305,779 | $1.9B | Add +3.5% |
| TSM Taiwan Semiconductor-SP ADR | 2.39% | 6,581,814 | $1.8B | Reduce -1.0% |
| BAFE Brown Flex Equity ETF | 1.85% | 52,446,852 | $1.4B | Add +6.3% |
| GE General Electric filed as GE AEROSPACE | 1.80% | 4,606,667 | $1.4B | Reduce -9.8% |
| SCHW Schwab (charles) Corp. | 1.55% | 12,492,261 | $1.2B | Add +2.7% |
| UBER Uber Technologies Inc. | 1.33% | 10,464,804 | $1.0B | Reduce -4.5% |
| KKR KKR & Co. Inc. | 1.30% | 7,678,170 | $997.8M | Reduce -20.7% |
| AAPL Apple Inc. | 1.29% | 3,878,501 | $987.6M | Reduce -5.0% |
| MRVL Marvell Technology Inc. | 1.28% | 11,712,426 | $984.7M | Reduce -43.8% |
| ADSK Autodesk Inc. | 1.21% | 2,918,725 | $927.2M | Reduce -1.4% |
| NOW ServiceNow Inc. | 1.19% | 994,732 | $915.5M | Reduce -5.7% |
| IVV iShares Core S&P 500 ETF | 1.10% | 1,265,755 | $847.2M | Reduce -7.2% |
| ISRG Intuitive Surgical Inc. | 1.08% | 1,847,247 | $826.2M | Add +18.0% |
| PGR Progressive Corp. | 1.05% | 3,273,274 | $808.3M | Reduce -24.7% |
| META Meta Platforms Inc. Class A | 1.04% | 1,092,482 | $802.3M | Reduce -3.7% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.02% | 2,517,922 | $779.9M | Add +10.1% |
| DSPY Tema S&P 500 Hist Weight ETF | 0.98% | 13,158,560 | $751.8M | New |
| CDNS Cadence Design SYS Inc. | 0.92% | 2,018,170 | $708.9M | Reduce -7.1% |
| ZTS Zoetis Inc. | 0.90% | 4,723,767 | $691.2M | Add +1.4% |
| DDOG Datadog Inc. Class A | 0.88% | 4,772,774 | $679.6M | Reduce -20.2% |
| MPWR Monolithic Power Systems Inc. | 0.88% | 730,119 | $672.2M | Reduce -15.5% |
| WST West Pharmaceutical Services | 0.85% | 2,498,082 | $655.3M | Reduce -17.3% |
| CARR Carrier Global Corp. | 0.83% | 10,627,069 | $634.4M | Add +3.4% |
| DHR Danaher Corp. | 0.81% | 3,139,462 | $622.4M | Reduce -14.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.81% | 1,889,194 | $620.0M | Reduce -0.3% |
| VLTO Veralto Corp. | 0.78% | 5,616,440 | $598.8M | Reduce -8.9% |
| AZO AutoZone Inc. | 0.77% | 138,189 | $592.9M | Add +5.3% |
| EW Edwards Lifesciences Corp. | 0.74% | 7,357,788 | $572.2M | Add +0.6% |
| FERG Ferguson Enterprises Inc. | 0.73% | 2,508,070 | $563.3M | Add +2.7% |
| KLAC KLA Corp. | 0.72% | 512,488 | $552.8M | Reduce -26.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.68% | 1,031,324 | $518.5M | Reduce -1.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.67% | 534,112 | $517.1M | Add +19.0% |
| BKNG Booking Holdings Inc. | 0.67% | 95,758 | $517.0M | Reduce -2.7% |
| GOOGL Alphabet Inc. Class A | 0.67% | 2,121,190 | $515.7M | Reduce -5.2% |
| BASG Brown Adviso Sustain Gro ETF | 0.66% | 19,023,453 | $503.9M | Add +1.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.65% | 749,406 | $499.2M | Add +17.5% |
| DT Dynatrace Inc. | 0.61% | 9,688,749 | $469.4M | Reduce -17.9% |
| ARES Ares Management Corp. Class A | 0.60% | 2,870,962 | $459.0M | Reduce -16.8% |
| COST Costco Wholesale Corp. | 0.60% | 495,867 | $459.0M | Reduce -4.6% |
| EFX Equifax Inc. | 0.60% | 1,787,060 | $458.4M | Add +3425.7% |
| VRSK Verisk Analytics Inc. | 0.59% | 1,808,298 | $454.8M | Add +13.8% |
| ABNB Airbnb Inc. Class A | 0.58% | 3,640,511 | $442.0M | Reduce -10.7% |
| SPOT Spotify Technology SA | 0.57% | 626,816 | $437.5M | Add +72.8% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.56% | 8,774,279 | $430.0M | Add +5.4% |
| ECL Ecolab Inc. | 0.54% | 1,517,692 | $415.6M | Reduce -8.8% |
| CMG Chipotle Mexican Grill Inc. | 0.53% | 10,439,206 | $409.1M | Add +17.3% |
| HDB HDFC Bank Ltd.-ADR | 0.53% | 11,963,748 | $408.7M | Add +10.7% |
| JPM JPMorgan Chase & Co. | 0.50% | 1,215,838 | $383.5M | Reduce -1.6% |
| ALLE Allegion PLC | 0.45% | 1,942,114 | $344.4M | Add +1.8% |
| SNOW Snowflake Inc. | 0.44% | 1,500,083 | $338.4M | Add +15118.5% |
| SHOP Shopify Inc. Class A | 0.42% | 2,158,080 | $320.7M | Add +4.4% |
| WDAY Workday Inc. Class A | 0.38% | 1,223,728 | $294.6M | Reduce -59.5% |
| IOT Samsara Inc. Class A | 0.38% | 7,891,949 | $294.0M | New |
| NFLX Netflix Inc. | 0.37% | 236,931 | $284.1M | Reduce -4.4% |
| UNH Unitedhealth Group Inc. | 0.35% | 783,619 | $270.6M | Reduce -2.4% |
| HLT Hilton Worldwide Holdings Inc. | 0.35% | 1,029,190 | $267.0M | Reduce -7.5% |
| URI United Rentals Inc. | 0.34% | 275,943 | $263.4M | Reduce -1.4% |
| CTAS Cintas Corp. | 0.32% | 1,191,725 | $244.6M | Reduce -6.0% |
| WCN Waste Connections Inc. | 0.29% | 1,264,571 | $222.3M | Add +0.3% |
| VOO Vanguard S&P 500 ETF | 0.29% | 360,345 | $220.7M | Add +3.8% |
| SHW The Sherwin-Williams Co. | 0.29% | 635,231 | $220.0M | Add +1.3% |
| IWM iShares Russell 2000 ETF | 0.28% | 897,594 | $217.2M | Add +5.0% |
| BX Blackstone Inc. | 0.27% | 1,236,171 | $211.2M | Reduce -1.4% |
| VIG Vanguard Dividend Apprec ETF | 0.27% | 978,134 | $211.1M | Add +9.4% |
| XOM Exxon Mobil Corp. | 0.27% | 1,855,525 | $209.2M | Reduce -0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.27% | 4,032,316 | $208.0M | Add +1.5% |
| CSGP Costar Group Inc. | 0.27% | 2,464,724 | $207.9M | Reduce -7.9% |
| ABBV Abbvie Inc. | 0.27% | 882,665 | $204.4M | Add +1.6% |
| OII Oceaneering Intl Inc. | 0.25% | 7,702,263 | $190.9M | Add +4.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 1,274,578 | $184.2M | Reduce -1.2% |
| BASV Brown Advisory SV ETF | 0.24% | 6,800,151 | $183.1M | Add +36.9% |
| CCC CCC Intelligent Solutions Ho | 0.24% | 19,863,124 | $181.0M | Reduce -1.4% |
| FCNCA First Citizens Bcshs Class A | 0.23% | 99,678 | $178.3M | Reduce -1.1% |
| GNRC Generac Holdings Inc. | 0.23% | 1,060,675 | $177.6M | Add +16.9% |
| JNJ Johnson & Johnson | 0.23% | 956,115 | $177.3M | Reduce -0.8% |
| TT Trane Technologies PLC | 0.23% | 410,228 | $173.1M | Reduce -6.5% |
| RSP Invesco S&P 500 Equal Weight | 0.22% | 896,377 | $170.0M | Add +3.4% |
| FICO Fair Isaac Corp. | 0.21% | 110,204 | $164.9M | Add +10.9% |
| NXPI NXP Semiconductors NV | 0.21% | 721,935 | $164.4M | Add +1.1% |
| TDG Transdigm Group Inc. | 0.21% | 124,243 | $163.8M | Reduce -27.1% |
| LOW Lowe's Cos Inc. | 0.21% | 636,209 | $159.9M | Reduce -1.4% |
| MCO Moody's Corp. | 0.21% | 334,325 | $159.3M | Reduce -25.2% |
| DKNG Draftkings Inc. Class A | 0.21% | 4,259,014 | $159.3M | Add +5.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.20% | 1,529,693 | $157.0M | Add +0.3% |
| ELV Elevance Health Inc. | 0.20% | 480,179 | $155.2M | Add +21.1% |
| BFAM Bright Horizons Family Solut | 0.20% | 1,413,165 | $153.4M | Reduce -4.7% |
| HQY Healthequity Inc. | 0.20% | 1,605,273 | $152.1M | Reduce -1.3% |
| SPGI S&P Global Inc. | 0.20% | 311,895 | $151.8M | Add +10.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.19% | 197 | $148.6M | Reduce -5.3% |
| TMUS T-Mobile US Inc. | 0.19% | 615,769 | $147.4M | Add +2.7% |
| IWF iShares Russell 1000 Growth | 0.19% | 308,232 | $144.4M | Add +39.4% |
| EAGL Eagle Capital Select Eqty | 0.18% | 4,503,764 | $140.8M | Add +80.2% |
| FISV Fiserv Inc. | 0.18% | 1,087,205 | $140.2M | Add +8.9% |
| ADI Analog Devices Inc. | 0.18% | 567,080 | $139.3M | Add +8.4% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $389K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 314 | $388K | No change |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 10,833 | $1K | No change |
Total filed on the 13F, all lines: $76.8B.
Portfolio Sells Q2 2025 → Q3 2025
| MRVL Marvell Technology Inc. | Reduce -43.8% | 1.28% | −0.84 |
| INTU Intuit Inc. | Reduce -6.2% | 2.53% | −0.62 |
| WDAY Workday Inc. Class A | Reduce -59.5% | 0.38% | −0.57 |
| PGR Progressive Corp. | Reduce -24.7% | 1.05% | −0.47 |
| KKR KKR & Co. Inc. | Reduce -20.7% | 1.30% | −0.40 |
| NVDA Nvidia Corp. | Reduce -22.8% | 3.26% | −0.35 |
| AMZN Amazon.com Inc. | Reduce -7.5% | 3.26% | −0.30 |
| DT Dynatrace Inc. | Reduce -17.9% | 0.61% | −0.25 |
| NOW ServiceNow Inc. | Reduce -5.7% | 1.19% | −0.24 |
| ARES Ares Management Corp. Class A | Reduce -16.8% | 0.60% | −0.19 |
| DDOG Datadog Inc. Class A | Reduce -20.2% | 0.88% | −0.17 |
| DHR Danaher Corp. | Reduce -14.2% | 0.81% | −0.14 |
| ABNB Airbnb Inc. Class A | Reduce -10.7% | 0.58% | −0.14 |
| CHX Championx Corp. | Sold out | 0.00% | −0.13 |
| TDG Transdigm Group Inc. | Reduce -27.1% | 0.21% | −0.13 |
| KLAC KLA Corp. | Reduce -26.1% | 0.72% | −0.10 |
| MCO Moody's Corp. | Reduce -25.2% | 0.21% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -4.6% | 0.60% | −0.08 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.08 |
| BKNG Booking Holdings Inc. | Reduce -2.7% | 0.67% | −0.08 |
| INSM Insmed Inc. | Reduce -95.5% | 0.00% | −0.07 |
| MIR Mirion Technologies Inc. | Reduce -49.6% | 0.08% | −0.07 |
| PHR Phreesia Inc. | Reduce -66.8% | 0.03% | −0.07 |
| NFLX Netflix Inc. | Reduce -4.4% | 0.37% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -3.7% | 1.04% | −0.06 |
| APPF Appfolio Inc. Class A | Reduce -82.9% | 0.01% | −0.05 |
| CTAS Cintas Corp. | Reduce -6.0% | 0.32% | −0.05 |
| ECL Ecolab Inc. | Reduce -8.8% | 0.54% | −0.05 |
| AS Amer Sports Inc. | Reduce -15.9% | 0.14% | −0.05 |
| MSFT Microsoft Corp. | Reduce -3.5% | 7.67% | −0.05 |
| ACN Accenture PLC Class A | Reduce -22.2% | 0.08% | −0.05 |
| LFUS Littelfuse Inc. | Reduce -62.7% | 0.03% | −0.05 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -7.5% | 0.35% | −0.04 |
| CCOI Cogent Communications Holdin | Reduce -30.8% | 0.05% | −0.04 |
| TLN Talen Energy Corp. | Reduce -53.8% | 0.08% | −0.04 |
| BFAM Bright Horizons Family Solut | Reduce -4.7% | 0.20% | −0.04 |
| PRO Pros Holdings Inc. | Sold out | 0.00% | −0.04 |
| VLTO Veralto Corp. | Reduce -8.9% | 0.78% | −0.04 |
| PPBI Pacific Premier Bancorp Inc. | Sold out | 0.00% | −0.03 |
| FLR Fluor Corp. | Reduce -14.2% | 0.08% | −0.03 |
| CW Curtiss-Wright Corp. | Reduce -25.6% | 0.14% | −0.03 |
| KLC Kindercare Learning Cos Inc. | Reduce -20.4% | 0.03% | −0.03 |
| FCNCA First Citizens Bcshs Class A | Reduce -1.1% | 0.23% | −0.03 |
| TT Trane Technologies PLC | Reduce -6.5% | 0.23% | −0.03 |
| HQY Healthequity Inc. | Reduce -1.3% | 0.20% | −0.03 |
| SARO Standardaero Inc. | Reduce -3.1% | 0.13% | −0.03 |
| TNDM Tandem Diabetes Care Inc. | Sold out | 0.00% | −0.03 |
| CWST Casella Waste Systems Inc. Class A | Reduce -4.4% | 0.09% | −0.03 |
| TTWO Take-Two Interactive Softwre | Reduce -28.4% | 0.08% | −0.03 |
| MSA Msa Safety Inc. | Reduce -31.1% | 0.06% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| DSPY Tema S&P 500 Hist Weight ETF | New | 0.98% | +0.98 |
| GOOG Alphabet Inc. Class C | Add +11.1% | 2.65% | +0.90 |
| EFX Equifax Inc. | Add +3425.7% | 0.60% | +0.58 |
| SNOW Snowflake Inc. | Add +15118.5% | 0.44% | +0.44 |
| IOT Samsara Inc. Class A | New | 0.38% | +0.38 |
| SPOT Spotify Technology SA | Add +72.8% | 0.57% | +0.20 |
| ASML ASML Holding NV-NY Reg SHS | Add +19.0% | 0.67% | +0.20 |
| BAFE Brown Flex Equity ETF | Add +6.3% | 1.85% | +0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +17.5% | 0.65% | +0.13 |
| AZO AutoZone Inc. | Add +5.3% | 0.77% | +0.13 |
| SHOP Shopify Inc. Class A | Add +4.4% | 0.42% | +0.10 |
| CWK Cushman & Wakefield UK Holdc | New | 0.10% | +0.10 |
| VERX Vertex Inc. Class A | New | 0.10% | +0.10 |
| SCHW Schwab (charles) Corp. | Add +2.7% | 1.55% | +0.09 |
| ALLE Allegion PLC | Add +1.8% | 0.45% | +0.09 |
| MA Mastercard Inc. Class A | Add +3.5% | 2.45% | +0.09 |
| EAGL Eagle Capital Select Eqty | Add +80.2% | 0.18% | +0.08 |
| EXP Eagle Materials Inc. | Add +89.0% | 0.14% | +0.08 |
| SLB SLB Ltd. | Add +126.3% | 0.12% | +0.07 |
| BASV Brown Advisory SV ETF | Add +36.9% | 0.24% | +0.07 |
| JHX James Hardie Ind PLC | Add +383755.0% | 0.07% | +0.07 |
| IWF iShares Russell 1000 Growth | Add +39.4% | 0.19% | +0.06 |
| ECVT Ecovyst Inc. | New | 0.06% | +0.06 |
| GNRC Generac Holdings Inc. | Add +16.9% | 0.23% | +0.06 |
| CFLT Confluent Inc. Class A | New | 0.06% | +0.06 |
| ABBV Abbvie Inc. | Add +1.6% | 0.27% | +0.05 |
| AJG Arthur J Gallagher & Co. | Add +10.1% | 1.02% | +0.05 |
| OII Oceaneering Intl Inc. | Add +4.8% | 0.25% | +0.05 |
| IWM iShares Russell 2000 ETF | Add +5.0% | 0.28% | +0.04 |
| PSN Parsons Corp. | New | 0.04% | +0.04 |
| DCO Ducommun Inc. | Add +127.7% | 0.06% | +0.04 |
| V Visa Inc. Class A | Add +6.3% | 3.40% | +0.04 |
| OPLN Openlane Inc. | Add +20.3% | 0.12% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Add +9.4% | 0.27% | +0.03 |
| FERG Ferguson Enterprises Inc. | Add +2.7% | 0.73% | +0.03 |
| NOVT Novanta Inc. | Add +145.1% | 0.07% | +0.03 |
| TKR Timken Co. | Add +33.7% | 0.12% | +0.03 |
| AAON Aaon Inc. | Add +15.7% | 0.10% | +0.03 |
| BTSG Brightspring Health Services | New | 0.03% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +3.8% | 0.29% | +0.03 |
| CDRE Cadre Holdings Inc. | New | 0.03% | +0.03 |
| KMTS Kestra Medical Technologies | Add +117.1% | 0.04% | +0.03 |
| ACWI iShares MSCI Acwi ETF | Add +21.9% | 0.11% | +0.02 |
| GNL Global Net Lease Inc. | Add +48.2% | 0.07% | +0.02 |
| CABO Cable One Inc. | Add +63.3% | 0.05% | +0.02 |
| EPAC Enerpac Tool Group Corp. | New | 0.02% | +0.02 |
| BAC Bank of America Corp. | Add +1.5% | 0.27% | +0.02 |
| SW Smurfit Westrock PLC | New | 0.02% | +0.02 |
| IWP iShares Russell Mid-Cap Grow | Add +279.5% | 0.03% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +16.4% | 0.09% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,444 | $64.6B | MSFT, TSM, GOOG, V, NVDA |
| Q1 2026 | 1,391 | $60.9B | MSFT, V, TSM, GOOG, MA |
| Q4 2025 | 1,379 | $71.7B | MSFT, V, GOOG, AMZN, NVDA |
| Q3 2025 | 1,377 | $76.8B | MSFT, V, NVDA, AMZN, GOOG |
| Q2 2025 | 1,355 | $76.0B | MSFT, NVDA, AMZN, V, INTU |
| Q1 2025 | 1,320 | $70.0B | MSFT, AMZN, V, INTU, NVDA |
| Q4 2024 | 1,329 | $78.8B | MSFT, AMZN, NVDA, V, MRVL |
| Q3 2024 | 1,256 | $79.6B | MSFT, AMZN, NVDA, V, INTU |
| Q2 2024 | 1,220 | $76.5B | MSFT, NVDA, AMZN, INTU, V |
| Q1 2024 | 1,239 | $74.8B | MSFT, NVDA, AMZN, INTU, V |