Brown Advisory Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Brown Advisory Inc. reported 1,379 stock positions worth $71.7 billion. Its top holding was Microsoft (MSFT) at 7.3% of the portfolio, followed by Visa Class A (V, 3.6%) and Alphabet Class C (GOOG, 3.3%). Compared with Q3 2025, it opened 78 new positions, sold out of 79, added to 447 and reduced 697. The biggest buy was Broadcom (AVGO, shares +1025%) and the biggest sale KLA (KLAC, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0001345929
- Portfolio Value
- $71.7B (Q4 2025)
- SEC Filing
- 0001345929-26-000018 ↗ filed Feb 13, 2026
Holdings Value
Holdings 1,379 stocks · $71.7B
| MSFT Microsoft Corp. | 7.25% | 10,751,255 | $5.2B | Reduce -5.5% |
| V Visa Inc. Class A | 3.62% | 7,399,041 | $2.6B | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 3.32% | 7,579,834 | $2.4B | Reduce -9.5% |
| AMZN Amazon.com Inc. | 3.00% | 9,325,106 | $2.2B | Reduce -18.2% |
| NVDA Nvidia Corp. | 2.92% | 11,239,254 | $2.1B | Reduce -16.3% |
| TSM Taiwan Semiconductor-SP ADR | 2.74% | 6,469,279 | $2.0B | Reduce -1.7% |
| MA Mastercard Inc. Class A | 2.52% | 3,161,082 | $1.8B | Reduce -4.4% |
| INTU Intuit Inc. | 2.35% | 2,540,153 | $1.7B | Reduce -10.9% |
| BAFE Brown Flex Equity ETF | 2.08% | 54,540,208 | $1.5B | Add +4.0% |
| SCHW Schwab (charles) Corp. | 1.70% | 12,195,433 | $1.2B | Reduce -2.4% |
| AAPL Apple Inc. | 1.48% | 3,893,193 | $1.1B | Add +0.4% |
| GE General Electric filed as GE AEROSPACE | 1.36% | 3,173,608 | $977.6M | Reduce -31.1% |
| IVV iShares Core S&P 500 ETF | 1.36% | 1,420,800 | $973.2M | Add +12.3% |
| KKR KKR & Co. Inc. | 1.23% | 6,910,360 | $880.9M | Reduce -10.0% |
| ISRG Intuitive Surgical Inc. | 1.20% | 1,519,981 | $860.9M | Reduce -17.7% |
| AVGO Broadcom Inc. | 1.20% | 2,478,453 | $857.8M | Add +1024.8% |
| DHR Danaher Corp. | 1.11% | 3,487,241 | $798.3M | Add +11.1% |
| DSPY Tema S&P 500 Hist Weight ETF | 1.07% | 13,145,432 | $766.4M | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.02% | 2,171,354 | $728.0M | Add +14.9% |
| UBER Uber Technologies Inc. | 0.98% | 8,568,930 | $700.2M | Reduce -18.1% |
| ADSK Autodesk Inc. | 0.94% | 2,283,617 | $676.0M | Reduce -21.8% |
| PGR Progressive Corp. | 0.94% | 2,944,493 | $670.5M | Reduce -10.0% |
| GOOGL Alphabet Inc. Class A | 0.92% | 2,101,637 | $657.8M | Reduce -0.9% |
| META Meta Platforms Inc. Class A | 0.90% | 977,291 | $645.1M | Reduce -10.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.87% | 919,437 | $627.0M | Add +22.7% |
| EW Edwards Lifesciences Corp. | 0.87% | 7,332,126 | $625.1M | Reduce -0.3% |
| EFX Equifax Inc. | 0.85% | 2,809,879 | $609.7M | Add +57.2% |
| MRVL Marvell Technology Inc. | 0.80% | 6,788,665 | $576.9M | Reduce -42.0% |
| BKNG Booking Holdings Inc. | 0.79% | 105,854 | $566.9M | Add +10.5% |
| FERG Ferguson Enterprises Inc. | 0.78% | 2,504,453 | $557.6M | Reduce -0.1% |
| CARR Carrier Global Corp. | 0.75% | 10,231,691 | $540.6M | Reduce -3.7% |
| WST West Pharmaceutical Services | 0.75% | 1,943,606 | $534.8M | Reduce -22.2% |
| CDNS Cadence Design SYS Inc. | 0.73% | 1,684,199 | $526.5M | Reduce -16.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.73% | 1,045,050 | $525.3M | Add +1.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.73% | 2,027,929 | $524.8M | Reduce -19.5% |
| NOW ServiceNow Inc. | 0.71% | 3,337,919 | $511.3M | Reduce -32.9% |
| ZTS Zoetis Inc. | 0.71% | 4,047,625 | $509.3M | Reduce -14.3% |
| SPOT Spotify Technology SA | 0.68% | 834,718 | $484.7M | Add +33.2% |
| BASG Brown Adviso Sustain Gro ETF | 0.68% | 18,728,774 | $484.5M | Reduce -1.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.68% | 452,246 | $483.8M | Reduce -15.3% |
| DDOG Datadog Inc. Class A | 0.66% | 3,460,038 | $470.5M | Reduce -27.5% |
| MPWR Monolithic Power Systems Inc. | 0.63% | 500,755 | $453.9M | Reduce -31.4% |
| HDB HDFC Bank Ltd.-ADR | 0.61% | 11,929,832 | $435.9M | Reduce -0.3% |
| AZO AutoZone Inc. | 0.61% | 128,130 | $434.6M | Reduce -7.3% |
| VLTO Veralto Corp. | 0.60% | 4,322,993 | $431.4M | Reduce -23.0% |
| DT Dynatrace Inc. | 0.58% | 9,648,974 | $418.2M | Reduce -0.4% |
| IOT Samsara Inc. Class A | 0.55% | 11,213,972 | $397.5M | Add +42.1% |
| ECL Ecolab Inc. | 0.55% | 1,503,650 | $394.7M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 0.55% | 1,222,791 | $394.0M | Add +0.6% |
| ARES Ares Management Corp. Class A | 0.54% | 2,391,001 | $386.5M | Reduce -16.7% |
| ABNB Airbnb Inc. Class A | 0.51% | 2,709,126 | $367.7M | Reduce -25.6% |
| WDAY Workday Inc. Class A | 0.51% | 1,709,736 | $367.2M | Add +39.7% |
| COST Costco Wholesale Corp. | 0.47% | 390,072 | $336.4M | Reduce -21.3% |
| VRSK Verisk Analytics Inc. | 0.47% | 1,495,476 | $334.5M | Reduce -17.3% |
| ALLE Allegion PLC | 0.43% | 1,940,820 | $309.0M | Reduce -0.1% |
| SNOW Snowflake Inc. | 0.42% | 1,370,622 | $300.7M | Reduce -8.6% |
| WCN Waste Connections Inc. | 0.41% | 1,677,773 | $294.2M | Add +32.7% |
| SHOP Shopify Inc. Class A | 0.39% | 1,744,474 | $280.8M | Reduce -19.2% |
| VOO Vanguard S&P 500 ETF | 0.37% | 419,594 | $263.1M | Add +16.4% |
| BASV Brown Advisory SV ETF | 0.36% | 9,247,637 | $256.8M | Add +36.0% |
| IWF iShares Russell 1000 Growth | 0.35% | 536,841 | $254.1M | Add +74.2% |
| IWM iShares Russell 2000 ETF | 0.35% | 1,018,260 | $250.7M | Add +13.4% |
| UNH Unitedhealth Group Inc. | 0.34% | 736,220 | $243.0M | Reduce -6.0% |
| XOM Exxon Mobil Corp. | 0.31% | 1,867,893 | $224.8M | Add +0.7% |
| EAGL Eagle Capital Select Eqty | 0.31% | 6,772,608 | $219.8M | Add +50.4% |
| URI United Rentals Inc. | 0.31% | 271,500 | $219.7M | Reduce -1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 3,994,549 | $219.7M | Reduce -0.9% |
| HLT Hilton Worldwide Holdings Inc. | 0.30% | 758,403 | $217.9M | Reduce -26.3% |
| VIG Vanguard Dividend Apprec ETF | 0.30% | 978,762 | $215.1M | Add +0.1% |
| JNJ Johnson & Johnson | 0.28% | 984,507 | $203.7M | Add +3.0% |
| FCNCA First Citizens Bcshs Class A | 0.28% | 93,619 | $200.9M | Reduce -6.1% |
| ABBV Abbvie Inc. | 0.28% | 874,943 | $199.9M | Reduce -0.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.27% | 2,648,382 | $194.8M | Add +62.4% |
| BX Blackstone Inc. | 0.27% | 1,237,227 | $190.7M | Add +0.1% |
| NFLX Netflix Inc. | 0.26% | 1,967,386 | $184.5M | Reduce -17.0% |
| OII Oceaneering Intl Inc. | 0.25% | 7,426,981 | $178.5M | Reduce -3.6% |
| ELV Elevance Health Inc. | 0.24% | 499,939 | $175.3M | Add +4.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 1,110,111 | $170.5M | Reduce -12.9% |
| RSP Invesco S&P 500 Equal Weight | 0.23% | 858,865 | $164.5M | Reduce -4.2% |
| CTAS Cintas Corp. | 0.23% | 868,220 | $163.3M | Reduce -27.1% |
| CCC CCC Intelligent Solutions Ho | 0.22% | 19,774,972 | $157.2M | Reduce -0.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.21% | 1,496,375 | $153.2M | Reduce -2.2% |
| ADI Analog Devices Inc. | 0.21% | 560,657 | $152.1M | Reduce -1.1% |
| LOW Lowe's Cos Inc. | 0.21% | 624,514 | $150.6M | Reduce -1.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.21% | 197 | $148.7M | No change |
| FICO Fair Isaac Corp. | 0.21% | 87,436 | $147.8M | Reduce -20.7% |
| ESTA Establishment Labs Holdings | 0.20% | 1,994,298 | $145.3M | Reduce -8.0% |
| SU Suncor Energy Inc. | 0.20% | 3,252,060 | $144.3M | Reduce -1.8% |
| HQY Healthequity Inc. | 0.19% | 1,515,259 | $138.8M | Reduce -5.6% |
| PB Prosperity Bancshares Inc. | 0.19% | 2,006,168 | $138.6M | Reduce -1.0% |
| MRK Merck & Co. Inc. | 0.19% | 1,304,926 | $137.4M | Add +2.9% |
| SPGI S&P Global Inc. | 0.19% | 257,156 | $134.4M | Reduce -17.6% |
| KLAC KLA Corp. | 0.19% | 109,493 | $133.0M | Reduce -78.6% |
| IWD iShares Russell 1000 Value E | 0.18% | 619,817 | $130.4M | Add +52.7% |
| VT Vanguard Tot World STK ETF | 0.18% | 920,278 | $129.8M | Add +258.9% |
| TDG Transdigm Group Inc. | 0.18% | 97,112 | $129.1M | Reduce -21.8% |
| BIPC Brookfield Infrastructure-A | 0.18% | 2,824,144 | $128.2M | Reduce -3.2% |
| CSGP Costar Group Inc. | 0.18% | 1,906,345 | $128.2M | Reduce -22.6% |
| LLY Eli Lilly & Co. | 0.18% | 118,575 | $127.4M | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 0.18% | 1,052,614 | $126.5M | Add +23.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $346K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 285 | $345K | Reduce -9.2% |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 10,833 | $513 | No change |
Total filed on the 13F, all lines: $71.7B.
Portfolio Sells Q3 2025 → Q4 2025
| KLAC KLA Corp. | Reduce -78.6% | 0.19% | −0.53 |
| CMG Chipotle Mexican Grill Inc. | Reduce -97.7% | 0.01% | −0.52 |
| TTD Trade Desk Inc./the Class A | Reduce -82.7% | 0.08% | −0.48 |
| NOW ServiceNow Inc. | Reduce -32.9% | 0.71% | −0.48 |
| MRVL Marvell Technology Inc. | Reduce -42.0% | 0.80% | −0.48 |
| GE General Electric | Reduce -31.1% | 1.36% | −0.44 |
| MSFT Microsoft Corp. | Reduce -5.5% | 7.25% | −0.42 |
| UBER Uber Technologies Inc. | Reduce -18.1% | 0.98% | −0.36 |
| NVDA Nvidia Corp. | Reduce -16.3% | 2.92% | −0.34 |
| AJG Arthur J Gallagher & Co. | Reduce -19.5% | 0.73% | −0.28 |
| ADSK Autodesk Inc. | Reduce -21.8% | 0.94% | −0.26 |
| SHW The Sherwin-Williams Co. | Reduce -91.0% | 0.03% | −0.26 |
| AMZN Amazon.com Inc. | Reduce -18.2% | 3.00% | −0.26 |
| MPWR Monolithic Power Systems Inc. | Reduce -31.4% | 0.63% | −0.24 |
| DDOG Datadog Inc. Class A | Reduce -27.5% | 0.66% | −0.23 |
| ZTS Zoetis Inc. | Reduce -14.3% | 0.71% | −0.19 |
| CDNS Cadence Design SYS Inc. | Reduce -16.6% | 0.73% | −0.19 |
| INTU Intuit Inc. | Reduce -10.9% | 2.35% | −0.19 |
| MCO Moody's Corp. | Reduce -90.4% | 0.02% | −0.18 |
| FISV Fiserv Inc. | Reduce -97.1% | 0.00% | −0.18 |
| VLTO Veralto Corp. | Reduce -23.0% | 0.60% | −0.18 |
| NXPI NXP Semiconductors NV | Reduce -82.0% | 0.04% | −0.17 |
| AZO AutoZone Inc. | Reduce -7.3% | 0.61% | −0.17 |
| META Meta Platforms Inc. Class A | Reduce -10.5% | 0.90% | −0.14 |
| COST Costco Wholesale Corp. | Reduce -21.3% | 0.47% | −0.13 |
| VRSK Verisk Analytics Inc. | Reduce -17.3% | 0.47% | −0.13 |
| PGR Progressive Corp. | Reduce -10.0% | 0.94% | −0.12 |
| NFLX Netflix Inc. | Reduce -17.0% | 0.26% | −0.11 |
| WST West Pharmaceutical Services | Reduce -22.2% | 0.75% | −0.11 |
| CSGP Costar Group Inc. | Reduce -22.6% | 0.18% | −0.09 |
| CTAS Cintas Corp. | Reduce -27.1% | 0.23% | −0.09 |
| ADBE Adobe Inc. | Reduce -70.6% | 0.04% | −0.09 |
| DKNG Draftkings Inc. Class A | Reduce -36.3% | 0.13% | −0.08 |
| FLR Fluor Corp. | Reduce -99.5% | 0.00% | −0.08 |
| CARR Carrier Global Corp. | Reduce -3.7% | 0.75% | −0.07 |
| KKR KKR & Co. Inc. | Reduce -10.0% | 1.23% | −0.07 |
| VEEV Veeva Systems Inc. Class A | Reduce -24.9% | 0.11% | −0.07 |
| GNRC Generac Holdings Inc. | Reduce -17.6% | 0.17% | −0.06 |
| ABNB Airbnb Inc. Class A | Reduce -25.6% | 0.51% | −0.06 |
| ARES Ares Management Corp. Class A | Reduce -16.7% | 0.54% | −0.06 |
| BFAM Bright Horizons Family Solut | Reduce -29.0% | 0.14% | −0.06 |
| TT Trane Technologies PLC | Reduce -24.7% | 0.17% | −0.06 |
| CCOI Cogent Communications Holdin | Reduce -94.7% | 0.00% | −0.05 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -26.3% | 0.30% | −0.04 |
| NBIX Neurocrine Biosciences Inc. | Reduce -51.9% | 0.04% | −0.04 |
| MOD Modine Manufacturing Co. | Reduce -64.2% | 0.02% | −0.04 |
| JHX James Hardie Ind PLC | Reduce -62.3% | 0.03% | −0.04 |
| URI United Rentals Inc. | Reduce -1.6% | 0.31% | −0.04 |
| CASY Casey's General Stores Inc. | Reduce -26.4% | 0.12% | −0.03 |
| TDG Transdigm Group Inc. | Reduce -21.8% | 0.18% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | Add +1024.8% | 1.20% | +1.10 |
| DHR Danaher Corp. | Add +11.1% | 1.11% | +0.30 |
| IVV iShares Core S&P 500 ETF | Add +12.3% | 1.36% | +0.25 |
| EFX Equifax Inc. | Add +57.2% | 0.85% | +0.25 |
| BAFE Brown Flex Equity ETF | Add +4.0% | 2.08% | +0.23 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +22.7% | 0.87% | +0.22 |
| VTI VG Morningstar TS MKT ETF-US | Add +14.9% | 1.02% | +0.21 |
| AAPL Apple Inc. | Add +0.4% | 1.48% | +0.19 |
| IOT Samsara Inc. Class A | Add +42.1% | 0.55% | +0.17 |
| IWF iShares Russell 1000 Growth | Add +74.2% | 0.35% | +0.17 |
| AKRE Akre Focus ETF | New | 0.15% | +0.15 |
| VT Vanguard Tot World STK ETF | Add +258.9% | 0.18% | +0.14 |
| WDAY Workday Inc. Class A | Add +39.7% | 0.51% | +0.13 |
| EAGL Eagle Capital Select Eqty | Add +50.4% | 0.31% | +0.12 |
| WCN Waste Connections Inc. | Add +32.7% | 0.41% | +0.12 |
| VEU Vanguard Ftse All-World Ex-U | Add +62.4% | 0.27% | +0.12 |
| BASV Brown Advisory SV ETF | Add +36.0% | 0.36% | +0.12 |
| BKNG Booking Holdings Inc. | Add +10.5% | 0.79% | +0.12 |
| SPOT Spotify Technology SA | Add +33.2% | 0.68% | +0.11 |
| USFD US Foods Holding Corp. | Add +24117.4% | 0.09% | +0.09 |
| VOO Vanguard S&P 500 ETF | Add +16.4% | 0.37% | +0.08 |
| IWD iShares Russell 1000 Value E | Add +52.7% | 0.18% | +0.07 |
| BTSG Brightspring Health Services | Add +170.6% | 0.10% | +0.07 |
| IWV iShares Russell 3000 ETF | Add +345.6% | 0.09% | +0.07 |
| IWM iShares Russell 2000 ETF | Add +13.4% | 0.35% | +0.07 |
| CFLT Confluent Inc. Class A | Add +32.0% | 0.12% | +0.07 |
| IJT iShares S&P Small-Cap 600 GR | Add +55.9% | 0.16% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +84.7% | 0.12% | +0.06 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.18% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.3% | 0.73% | +0.06 |
| JNJ Johnson & Johnson | Add +3.0% | 0.28% | +0.05 |
| MRK Merck & Co. Inc. | Add +2.9% | 0.19% | +0.05 |
| EEFT Euronet Worldwide Inc. | New | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 0.55% | +0.05 |
| KYN Kayne Anderson Energy Infra | New | 0.05% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Add +38.0% | 0.13% | +0.05 |
| ICUI Icu Medical Inc. | New | 0.05% | +0.05 |
| IJR iShares Core S&P Small-Cap E | Add +23.7% | 0.18% | +0.04 |
| XLG Invesco S&P 500 Top 50 ETF | Add +1359.5% | 0.05% | +0.04 |
| ELV Elevance Health Inc. | Add +4.1% | 0.24% | +0.04 |
| MELI MercadoLibre Inc. | Add +2494.9% | 0.04% | +0.04 |
| XOM Exxon Mobil Corp. | Add +0.7% | 0.31% | +0.04 |
| ANDG Andersen Group Inc. Class A | New | 0.04% | +0.04 |
| ODFL Old Dominion Freight Line | Add +28.0% | 0.11% | +0.04 |
| GOVT iShares US Treasury Bond ETF | Add +50.7% | 0.09% | +0.04 |
| CTS CTS Corp. | Add +90.5% | 0.06% | +0.03 |
| PSN Parsons Corp. | Add +142.2% | 0.07% | +0.03 |
| GLOB Globant SA | New | 0.03% | +0.03 |
| TKR Timken Co. | Add +5.6% | 0.15% | +0.03 |
| ACWI iShares MSCI Acwi ETF | Add +17.4% | 0.14% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -9.2% | 285 | $345K |
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 | 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 |