Brown Financial Advisors

Name: Brown Financial Advisors 13F holdings, Q1 2025
Creator: Brown Financial Advisors
Published: 2025-05-12

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024

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%
ICE Intercontinental Exchange Inc.	0.20%	2,757	$476K	Reduce -8.8%
RTX RTX Corp.	0.20%	3,589	$475K	Reduce -14.0%
ABBV Abbvie Inc.	0.20%	2,266	$475K	Reduce -14.5%
AMT American Tower Corp.	0.20%	2,181	$475K	Reduce -4.8%
KVUE Kenvue Inc.	0.20%	19,774	$474K	Reduce -2.7%
NOC Northrop Grumman Corp.	0.19%	913	$467K	Reduce -3.9%
AMGN Amgen Inc.	0.19%	1,500	$467K	Reduce -8.1%
SYY Sysco Corp.	0.19%	6,175	$463K	Reduce -0.8%
NYT New York Times Co. Class A	0.19%	9,218	$457K	Add +2.5%
CI The Cigna Group	0.19%	1,387	$456K	Reduce -3.3%
IPG Interpublic Group of Cos Inc.	0.19%	16,787	$456K	Add +3.3%
HON Honeywell International Inc.	0.19%	2,146	$454K	Add +2.7%
ACN Accenture PLC Class A	0.19%	1,456	$454K	Add +9.7%
PEP Pepsico Inc.	0.19%	3,025	$454K	Add +1.8%
AXP American Express Co.	0.18%	1,641	$442K	Add +3.7%
ARES Ares Management Corp. Class A	0.18%	2,999	$440K	Add +6.7%
LHX L3HARRIS Technologies Inc.	0.18%	2,098	$439K	Add +6.9%
AVY Avery Dennison Corp.	0.18%	2,466	$439K	Add +7.4%
BALL Ball Corp.	0.18%	8,427	$439K	Add +9.4%
STZ Constellation Brands Inc. Class A	0.18%	2,334	$428K	Add +20.6%
ARE Alexandria Real Estate Equit	0.17%	4,528	$419K	Add +2.5%
WEN The Wendy's Co.	0.17%	28,569	$418K	Add +5.9%
CRM Salesforce Inc.	0.17%	1,547	$415K	Add +15.4%
BX Blackstone Inc.	0.17%	2,875	$402K	Add +17.2%
ORCL Oracle Corp.	0.16%	2,845	$398K	Add +13.8%
XBOC Innovator US Eqy Acc 9 Buff	0.16%	12,803	$381K	Add +6.7%
DSI iShares ESG MSCI KLD 400 ETF	0.10%	2,300	$236K	Add +1.7%
CTAS Cintas Corp.	0.09%	1,080	$222K	New
BALT Inn Defined Wealth Shield	0.09%	6,591	$207K	New
CRPT FT Skybr Crypt & Dig Econ	0.06%	11,344	$139K	Add +3.2%

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