Brown Financial Advisors
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Brown Financial Advisors reported 130 stock positions worth $242.5 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 5.3% of the portfolio, followed by Doubleline Mortgage ETF (DMBS, 2.6%) and Neos S&P 500 High Income ETF (SPYI, 2.4%). Compared with Q4 2024, it opened 11 new positions, sold out of 6, added to 83 and reduced 36. The biggest buy was a new position in Columbia Resear Enh Cor ETF (RECS) and the biggest sale Ste STR SPDR PT S&P 500 ETF (SPYM, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- MILFORD, OH
- CIK
- 0002035548
- Portfolio Value
- $242.5M (Q1 2025)
- SEC Filing
- 0002035548-25-000002 ↗ filed May 12, 2025
Holdings Value
Holdings 130 stocks · $242.5M
| SPYM Ste STR SPDR PT S&P 500 ETF | 5.33% | 196,428 | $12.9M | Reduce -33.1% |
| DMBS Doubleline Mortgage ETF | 2.64% | 130,636 | $6.4M | Reduce -23.1% |
| SPYI Neos S&P 500 High Income ETF | 2.43% | 123,016 | $5.9M | Reduce -37.9% |
| AMZN Amazon.com Inc. | 2.43% | 30,917 | $5.9M | Add +14.1% |
| MSFT Microsoft Corp. | 2.36% | 15,259 | $5.7M | Add +17.5% |
| NVDA Nvidia Corp. | 2.15% | 48,154 | $5.2M | Add +27.1% |
| AAPL Apple Inc. | 2.03% | 22,176 | $4.9M | Add +18.6% |
| ULST SS Ultra Short TM Bond ETF | 2.01% | 119,851 | $4.9M | Add +36.0% |
| AVDE Avantis International Equity | 2.01% | 73,448 | $4.9M | Add +68.8% |
| GSY Invesco Ultra Short Duration | 2.00% | 96,868 | $4.9M | Add +36.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.83% | 121,778 | $4.4M | Reduce -45.6% |
| XBJL Inn US Eq Acc 9 Buff July | 1.83% | 130,986 | $4.4M | Reduce -49.4% |
| JMBS Janus Henderson Mortg Backed | 1.73% | 92,921 | $4.2M | Add +28.8% |
| GOOG Alphabet Inc. Class C | 1.69% | 26,196 | $4.1M | Add +11.3% |
| META Meta Platforms Inc. Class A | 1.62% | 6,810 | $3.9M | Add +5.7% |
| RECS Columbia Resear Enh Cor ETF | 1.62% | 118,174 | $3.9M | New |
| QUAL iShares MSCI USA Quality Fac | 1.56% | 22,178 | $3.8M | Add +3.5% |
| XFIV Bondbloxx BBG 5 YR US Treas | 1.50% | 73,893 | $3.6M | Add +9.3% |
| AVEM Avantis Emerging Markets Eq | 1.48% | 59,743 | $3.6M | Add +72.7% |
| PG The Procter & Gamble Co. | 1.44% | 20,490 | $3.5M | Add +4.5% |
| HELO JPMorgan Hedged Equity ETF | 1.42% | 57,673 | $3.4M | Reduce -39.2% |
| JAAA Janus Henderson Aaa Clo ETF | 1.39% | 66,277 | $3.4M | Reduce -3.4% |
| BBUS JPMorgan Betabuilders US Equ | 1.31% | 31,607 | $3.2M | New |
| UNH Unitedhealth Group Inc. | 1.23% | 5,700 | $3.0M | Add +21.6% |
| DABS Doubleline Asset-Backed ETF | 1.23% | 59,420 | $3.0M | New |
| TJUL Innovator Equity Defined Pro | 1.20% | 103,952 | $2.9M | Reduce -52.7% |
| MBS Angel Oak Mortg-Bcked SE ETF | 1.18% | 329,687 | $2.9M | Reduce -4.3% |
| BBBS BBLX BBB 1-5Y Corp. Bond ETF | 1.15% | 54,571 | $2.8M | Reduce -6.3% |
| OCTW Alianzim US Eq BFR20 Oct-Usd | 1.13% | 77,685 | $2.7M | Reduce -19.4% |
| V Visa Inc. Class A | 1.05% | 7,281 | $2.6M | Reduce -0.4% |
| XSVN Bondbloxx BBG 7 YR US Treas | 1.05% | 53,102 | $2.5M | Add +39.1% |
| SPAB SS SPDR P Agg Bond ETF | 1.03% | 97,560 | $2.5M | Reduce -8.8% |
| CVX Chevron Corp. | 1.02% | 14,832 | $2.5M | Add +6.0% |
| SMOT Vaneck Morningstar Smid Moat | 1.01% | 74,579 | $2.4M | Add +4.2% |
| JPM JPMorgan Chase & Co. | 1.00% | 9,922 | $2.4M | Add +9.7% |
| GS Goldman Sachs Group Inc. | 1.00% | 4,420 | $2.4M | Add +12.8% |
| IGTR Innovator Grad Tact Rotation | 0.92% | 91,182 | $2.2M | Reduce -16.6% |
| XTRE Bondbloxx BBG 3Y US TSY ETF | 0.91% | 44,525 | $2.2M | Add +22.8% |
| WMT Walmart Inc. | 0.89% | 24,564 | $2.2M | Add +15.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.88% | 4,029 | $2.1M | Add +2.4% |
| MS Morgan Stanley | 0.88% | 18,234 | $2.1M | Add +16.7% |
| MDT Medtronic PLC | 0.80% | 21,702 | $2.0M | Add +1.6% |
| PCMM BBLX Private Credit Clo ETF | 0.79% | 37,822 | $1.9M | New |
| ABT Abbott Laboratories | 0.75% | 13,743 | $1.8M | Reduce -1.1% |
| KO The Coca-Cola Co. | 0.74% | 25,131 | $1.8M | Add +0.6% |
| MCD McDonald's Corp. | 0.74% | 5,754 | $1.8M | Add +2.1% |
| GLDM SPDR Gold Minishares Trust | 0.74% | 28,931 | $1.8M | Reduce -3.6% |
| COP Conocophillips | 0.72% | 16,730 | $1.8M | Add +17.0% |
| RSP Invesco S&P 500 Equal Weight | 0.72% | 10,125 | $1.8M | New |
| TGT Target Corp. | 0.72% | 16,758 | $1.7M | Add +30.7% |
| JNJ Johnson & Johnson | 0.72% | 10,512 | $1.7M | Add +2.3% |
| AVGO Broadcom Inc. | 0.71% | 10,302 | $1.7M | Add +1.8% |
| EXR Extra Space Storage Inc. | 0.70% | 11,380 | $1.7M | Add +17.7% |
| LOW Lowe's Cos Inc. | 0.70% | 7,228 | $1.7M | Add +27.5% |
| PRFD PIMCO Pref and Cap Sec Act | 0.68% | 32,800 | $1.7M | Reduce -25.7% |
| URI United Rentals Inc. | 0.68% | 2,633 | $1.6M | Add +44.0% |
| SPTI SS SPDR P Int Term TSY ETF | 0.68% | 57,392 | $1.6M | New |
| SBUX Starbucks Corp. | 0.67% | 16,672 | $1.6M | Add +7.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.65% | 30,319 | $1.6M | Add +5.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.61% | 35,220 | $1.5M | Add +11.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.61% | 35,158 | $1.5M | Add +9.0% |
| AZEK The Azek Co. Inc. | 0.60% | 29,583 | $1.4M | Add +32.1% |
| PANW Palo Alto Networks Inc. | 0.59% | 8,335 | $1.4M | Add +17.9% |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 0.59% | 30,508 | $1.4M | Add +14.8% |
| NEE Nextera Energy Inc. | 0.58% | 19,816 | $1.4M | Add +12.9% |
| PFE Pfizer Inc. | 0.58% | 55,047 | $1.4M | Add +5.8% |
| INTU Intuit Inc. | 0.55% | 2,179 | $1.3M | Add +19.7% |
| COST Costco Wholesale Corp. | 0.55% | 1,411 | $1.3M | Add +24.9% |
| NFLX Netflix Inc. | 0.55% | 1,422 | $1.3M | Add +5.7% |
| PYPL PayPal Holdings Inc. | 0.53% | 19,652 | $1.3M | Add +31.2% |
| NOW ServiceNow Inc. | 0.52% | 1,576 | $1.3M | Add +45.4% |
| APH Amphenol Corp. Class A | 0.51% | 18,852 | $1.2M | Add +22.4% |
| ZBH Zimmer Biomet Holdings Inc. | 0.50% | 10,796 | $1.2M | Add +9.2% |
| BSX Boston Scientific Corp. | 0.50% | 11,944 | $1.2M | Reduce -0.5% |
| ETN Eaton Corp. PLC | 0.49% | 4,391 | $1.2M | Add +34.9% |
| ECL Ecolab Inc. | 0.48% | 4,637 | $1.2M | Add +8.9% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.48% | 22,369 | $1.2M | Reduce -70.3% |
| PWR Quanta Services Inc. | 0.48% | 4,622 | $1.2M | Add +34.7% |
| WCN Waste Connections Inc. | 0.46% | 5,661 | $1.1M | Add +11.5% |
| DXCM Dexcom Inc. | 0.45% | 16,147 | $1.1M | Add +10.3% |
| EQIX Equinix Inc. | 0.44% | 1,295 | $1.1M | Add +26.1% |
| LUV Southwest Airlines Co. | 0.41% | 29,741 | $999K | Add +7.3% |
| GPN Global Payments Inc. | 0.41% | 10,088 | $988K | Add +28.2% |
| BKR Baker Hughes Co. | 0.40% | 21,817 | $959K | Add +9.1% |
| FTSM First Trust Enh Short Mat FD | 0.39% | 15,805 | $946K | Reduce -37.0% |
| LRCX Lam Research Corp. | 0.39% | 12,894 | $937K | Add +5.9% |
| CSNR C&S Nat Resources Active ETF | 0.39% | 37,492 | $934K | New |
| TOLZ Proshares GLB Infrastructure | 0.38% | 17,610 | $927K | New |
| SNPS Synopsys Inc. | 0.37% | 2,076 | $890K | Add +33.3% |
| CSHI Neos Enhanced Income 1-3 Mon | 0.36% | 17,398 | $863K | Reduce -23.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.34% | 9,000 | $826K | Add +26.3% |
| SPTS SS SPDR P St Term TSY ETF | 0.25% | 20,842 | $609K | New |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.25% | 22,221 | $606K | Reduce -48.6% |
| DCRE DBL Comm Real Est Debt | 0.24% | 11,444 | $594K | Reduce -35.2% |
| CAH Cardinal Health Inc. | 0.21% | 3,706 | $511K | Reduce -7.4% |
| JUNW Alianzim US Eq BFR20 Jun-Usd | 0.21% | 17,162 | $510K | Add +6.7% |
| XOM Exxon Mobil Corp. | 0.21% | 4,212 | $501K | Reduce -1.1% |
| HD Home Depot Inc. | 0.20% | 1,308 | $479K | Add +7.3% |
| XEL Xcel Energy Inc. | 0.20% | 6,761 | $479K | Reduce -2.2% |
| CB Chubb Ltd. | 0.20% | 1,579 | $477K | Reduce -5.8% |
Portfolio Sells Q4 2024 → Q1 2025
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -33.1% | 5.33% | −2.81 |
| JSI JH Securitized Income ETF | Sold out | 0.00% | −1.99 |
| XBJL Inn US Eq Acc 9 Buff July | Reduce -49.4% | 1.83% | −1.72 |
| SPYI Neos S&P 500 High Income ETF | Reduce -37.9% | 2.43% | −1.62 |
| TJUL Innovator Equity Defined Pro | Reduce -52.7% | 1.20% | −1.25 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -45.6% | 1.83% | −1.24 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -70.3% | 0.48% | −1.08 |
| HELO JPMorgan Hedged Equity ETF | Reduce -39.2% | 1.42% | −0.94 |
| BBRE JPM Betabldrs MSCI US REIT | Sold out | 0.00% | −0.71 |
| DMBS Doubleline Mortgage ETF | Reduce -23.1% | 2.64% | −0.64 |
| GBUY Goldman Sachs Fut Consumer | Sold out | 0.00% | −0.45 |
| MEM Matthews Em MKT Eqty Active | Sold out | 0.00% | −0.36 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.34 |
| OCTW Alianzim US Eq BFR20 Oct-Usd | Reduce -19.4% | 1.13% | −0.25 |
| FTSM First Trust Enh Short Mat FD | Reduce -37.0% | 0.39% | −0.21 |
| PRFD PIMCO Pref and Cap Sec Act | Reduce -25.7% | 0.68% | −0.21 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -48.6% | 0.25% | −0.20 |
| IGTR Innovator Grad Tact Rotation | Reduce -16.6% | 0.92% | −0.16 |
| DCRE DBL Comm Real Est Debt | Reduce -35.2% | 0.24% | −0.12 |
| CSHI Neos Enhanced Income 1-3 Mon | Reduce -23.9% | 0.36% | −0.10 |
| ARKW ARK Next Generation Technolo | Sold out | 0.00% | −0.08 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -8.8% | 1.03% | −0.05 |
| BBBS BBLX BBB 1-5Y Corp. Bond ETF | Reduce -6.3% | 1.15% | −0.03 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -3.4% | 1.39% | −0.01 |
| SYY Sysco Corp. | Reduce -0.8% | 0.19% | −0.00 |
| MBS Angel Oak Mortg-Bcked SE ETF | Reduce -4.3% | 1.18% | 0.00 |
| RTX RTX Corp. | Reduce -14.0% | 0.20% | +0.00 |
| ABBV Abbvie Inc. | Reduce -14.5% | 0.20% | +0.01 |
| XEL Xcel Energy Inc. | Reduce -2.2% | 0.20% | +0.01 |
| CB Chubb Ltd. | Reduce -5.8% | 0.20% | +0.01 |
| NOC Northrop Grumman Corp. | Reduce -3.9% | 0.19% | +0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -8.8% | 0.20% | +0.02 |
| CAH Cardinal Health Inc. | Reduce -7.4% | 0.21% | +0.02 |
| KVUE Kenvue Inc. | Reduce -2.7% | 0.20% | +0.02 |
| AMGN Amgen Inc. | Reduce -8.1% | 0.19% | +0.02 |
| XOM Exxon Mobil Corp. | Reduce -1.1% | 0.21% | +0.02 |
| AMT American Tower Corp. | Reduce -4.8% | 0.20% | +0.03 |
| CI The Cigna Group | Reduce -3.3% | 0.19% | +0.03 |
| BSX Boston Scientific Corp. | Reduce -0.5% | 0.50% | +0.07 |
| GLDM SPDR Gold Minishares Trust | Reduce -3.6% | 0.74% | +0.11 |
| ABT Abbott Laboratories | Reduce -1.1% | 0.75% | +0.12 |
| V Visa Inc. Class A | Reduce -0.4% | 1.05% | +0.12 |
Portfolio Buys Q4 2024 → Q1 2025
| RECS Columbia Resear Enh Cor ETF | New | 1.62% | +1.62 |
| BBUS JPMorgan Betabuilders US Equ | New | 1.31% | +1.31 |
| DABS Doubleline Asset-Backed ETF | New | 1.23% | +1.23 |
| AVDE Avantis International Equity | Add +68.8% | 2.01% | +0.93 |
| PCMM BBLX Private Credit Clo ETF | New | 0.79% | +0.79 |
| RSP Invesco S&P 500 Equal Weight | New | 0.72% | +0.72 |
| SPTI SS SPDR P Int Term TSY ETF | New | 0.68% | +0.68 |
| AVEM Avantis Emerging Markets Eq | Add +72.7% | 1.48% | +0.67 |
| ULST SS Ultra Short TM Bond ETF | Add +36.0% | 2.01% | +0.58 |
| GSY Invesco Ultra Short Duration | Add +36.1% | 2.00% | +0.57 |
| JMBS Janus Henderson Mortg Backed | Add +28.8% | 1.73% | +0.45 |
| CSNR C&S Nat Resources Active ETF | New | 0.39% | +0.39 |
| TOLZ Proshares GLB Infrastructure | New | 0.38% | +0.38 |
| XSVN Bondbloxx BBG 7 YR US Treas | Add +39.1% | 1.05% | +0.34 |
| UNH Unitedhealth Group Inc. | Add +21.6% | 1.23% | +0.28 |
| SPTS SS SPDR P St Term TSY ETF | New | 0.25% | +0.25 |
| CVX Chevron Corp. | Add +6.0% | 1.02% | +0.21 |
| XTRE Bondbloxx BBG 3Y US TSY ETF | Add +22.8% | 0.91% | +0.20 |
| XFIV Bondbloxx BBG 5 YR US Treas | Add +9.3% | 1.50% | +0.19 |
| AZEK The Azek Co. Inc. | Add +32.1% | 0.60% | +0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.4% | 0.88% | +0.17 |
| URI United Rentals Inc. | Add +44.0% | 0.68% | +0.16 |
| MSFT Microsoft Corp. | Add +17.5% | 2.36% | +0.16 |
| COP Conocophillips | Add +17.0% | 0.72% | +0.15 |
| AAPL Apple Inc. | Add +18.6% | 2.03% | +0.15 |
| COST Costco Wholesale Corp. | Add +24.9% | 0.55% | +0.13 |
| JPM JPMorgan Chase & Co. | Add +9.7% | 1.00% | +0.13 |
| LOW Lowe's Cos Inc. | Add +27.5% | 0.70% | +0.13 |
| JNJ Johnson & Johnson | Add +2.3% | 0.72% | +0.12 |
| PG The Procter & Gamble Co. | Add +4.5% | 1.44% | +0.12 |
| MDT Medtronic PLC | Add +1.6% | 0.80% | +0.12 |
| KO The Coca-Cola Co. | Add +0.6% | 0.74% | +0.12 |
| EXR Extra Space Storage Inc. | Add +17.7% | 0.70% | +0.12 |
| WMT Walmart Inc. | Add +15.3% | 0.89% | +0.12 |
| SLB SLB Ltd. | Add +9.0% | 0.61% | +0.11 |
| NVDA Nvidia Corp. | Add +27.1% | 2.15% | +0.11 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | Add +14.8% | 0.59% | +0.11 |
| SBUX Starbucks Corp. | Add +7.6% | 0.67% | +0.11 |
| WCN Waste Connections Inc. | Add +11.5% | 0.46% | +0.11 |
| META Meta Platforms Inc. Class A | Add +5.7% | 1.62% | +0.10 |
| GS Goldman Sachs Group Inc. | Add +12.8% | 1.00% | +0.09 |
| INTU Intuit Inc. | Add +19.7% | 0.55% | +0.09 |
| CTAS Cintas Corp. | New | 0.09% | +0.09 |
| MS Morgan Stanley | Add +16.7% | 0.88% | +0.09 |
| BALT Inn Defined Wealth Shield | New | 0.09% | +0.09 |
| MCD McDonald's Corp. | Add +2.1% | 0.74% | +0.08 |
| ZBH Zimmer Biomet Holdings Inc. | Add +9.2% | 0.50% | +0.08 |
| ECL Ecolab Inc. | Add +8.9% | 0.48% | +0.08 |
| APH Amphenol Corp. Class A | Add +22.4% | 0.51% | +0.08 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +26.3% | 0.34% | +0.08 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 212 | $286.4M | SPYM, DMBS, NVDA, AVDE, AMZN |
| Q1 2026 | 209 | $264.0M | SPYM, DMBS, AMZN, AVDE, NVDA |
| Q4 2025 | 152 | $273.2M | SPYM, DMBS, NVDA, AMZN, MSFT |
| Q3 2025 | 147 | $270.7M | SPYM, DMBS, NVDA, MSFT, AMZN |
| Q2 2025 | 138 | $256.2M | SPYM, MSFT, NVDA, AMZN, DMBS |
| Q1 2025 | 130 | $242.5M | SPYM, DMBS, SPYI, AMZN, MSFT |
| Q4 2024 | 125 | $249.0M | SPYM, SPYI, XBJL, DMBS, SPDW |
| Q3 2024 | 125 | $242.9M | SPYM, SPYI, SPDW, XBJL, HELO |
| Q2 2024 | 219 | $223.8M | SPYM, SPDW, DMBS, IGIB, MSFT |