Brown Financial Advisors

Name: Brown Financial Advisors 13F holdings, Q2 2025
Creator: Brown Financial Advisors
Published: 2025-08-15

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

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 15, 2025), Brown Financial Advisors reported 138 stock positions worth $256.2 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 5.7% of the portfolio, followed by Microsoft (MSFT, 2.8%) and Nvidia (NVDA, 2.6%). Compared with Q1 2025, it opened 15 new positions, sold out of 7, added to 29 and reduced 92. The biggest buy was Broadcom (AVGO, shares +10%) and the biggest sale Invesco Ultra Short Duration (GSY, shares −17%).

Most Recent 13F: Q2 2026
Location: MILFORD, OH
CIK: 0002035548
Portfolio Value: $256.2M (Q2 2025)
SEC Filing: 0002035548-25-000003 ↗ filed Aug 15, 2025

Holdings Value

Holdings 138 stocks · $256.2M


SPYM Ste STR SPDR PT S&P 500 ETF	5.66%	199,417	$14.5M	Add +1.5%
MSFT Microsoft Corp.	2.78%	14,330	$7.1M	Reduce -6.1%
NVDA Nvidia Corp.	2.64%	42,879	$6.8M	Reduce -10.9%
AMZN Amazon.com Inc.	2.62%	30,543	$6.7M	Reduce -1.2%
DMBS Doubleline Mortgage ETF	2.45%	127,770	$6.3M	Reduce -2.2%
SPYI Neos S&P 500 High Income ETF	2.37%	120,855	$6.1M	Reduce -1.8%
AVDE Avantis International Equity	2.06%	71,278	$5.3M	Reduce -3.0%
META Meta Platforms Inc. Class A	1.98%	6,883	$5.1M	Add +1.1%
SPDW Ste STR SPDR PT DW Eu ETF	1.86%	117,828	$4.8M	Reduce -3.2%
AAPL Apple Inc.	1.81%	22,630	$4.6M	Add +2.0%
GOOG Alphabet Inc. Class C	1.78%	25,740	$4.6M	Reduce -1.7%
RECS Columbia Resear Enh Cor ETF	1.66%	115,356	$4.2M	Reduce -2.4%
XBJL Inn US Eq Acc 9 Buff July	1.63%	115,856	$4.2M	Reduce -11.6%
JMBS Janus Henderson Mortg Backed	1.60%	91,056	$4.1M	Reduce -2.0%
ULST SS Ultra Short TM Bond ETF	1.57%	99,048	$4.0M	Reduce -17.4%
GSY Invesco Ultra Short Duration	1.56%	79,933	$4.0M	Reduce -17.5%
AVEM Avantis Emerging Markets Eq	1.55%	58,061	$4.0M	Reduce -2.8%
QUAL iShares MSCI USA Quality Fac	1.55%	21,653	$4.0M	Reduce -2.4%
XFIV Bondbloxx BBG 5 YR US Treas	1.39%	72,359	$3.6M	Reduce -2.1%
HELO JPMorgan Hedged Equity ETF	1.37%	56,268	$3.5M	Reduce -2.4%
BBUS JPMorgan Betabuilders US Equ	1.36%	31,109	$3.5M	Reduce -1.6%
JAAA Janus Henderson Aaa Clo ETF	1.28%	64,617	$3.3M	Reduce -2.5%
AVGO Broadcom Inc.	1.22%	11,334	$3.1M	Add +10.0%
DABS Doubleline Asset-Backed ETF	1.17%	58,883	$3.0M	Reduce -0.9%
PG The Procter & Gamble Co.	1.14%	18,273	$2.9M	Reduce -10.8%
TJUL Innovator Equity Defined Pro	1.13%	100,743	$2.9M	Reduce -3.1%
GS Goldman Sachs Group Inc.	1.11%	4,015	$2.8M	Reduce -9.2%
JPM JPMorgan Chase & Co.	1.09%	9,662	$2.8M	Reduce -2.6%
MBS Angel Oak Mortg-Bcked SE ETF	1.08%	321,190	$2.8M	Reduce -2.6%
BBBS BBLX BBB 1-5Y Corp. Bond ETF	1.07%	53,394	$2.7M	Reduce -2.2%
SMOT Vaneck Morningstar Smid Moat	1.00%	73,269	$2.5M	Reduce -1.8%
V Visa Inc. Class A	0.99%	7,130	$2.5M	Reduce -2.1%
XSVN Bondbloxx BBG 7 YR US Treas	0.96%	51,485	$2.5M	Reduce -3.0%
MS Morgan Stanley	0.94%	17,062	$2.4M	Reduce -6.4%
SPAB SS SPDR P Agg Bond ETF	0.92%	92,276	$2.4M	Reduce -5.4%
CVX Chevron Corp.	0.90%	16,039	$2.3M	Add +8.1%
WMT Walmart Inc.	0.88%	22,980	$2.2M	Reduce -6.5%
XTRE Bondbloxx BBG 3Y US TSY ETF	0.86%	44,063	$2.2M	Reduce -1.0%
IGTR Innovator Grad Tact Rotation	0.85%	88,140	$2.2M	Reduce -3.3%
BRK.B Berkshire Hathaway Inc. Class B	0.84%	4,437	$2.2M	Add +10.1%
OCTW Alianzim US Eq BFR20 Oct-Usd	0.84%	58,052	$2.1M	Reduce -25.3%
UNH Unitedhealth Group Inc.	0.77%	6,338	$2.0M	Add +11.2%
MDT Medtronic PLC	0.77%	22,497	$2.0M	Add +3.7%
ABT Abbott Laboratories	0.74%	13,936	$1.9M	Add +1.4%
PCMM BBLX Private Credit Clo ETF	0.74%	37,567	$1.9M	Reduce -0.7%
NFLX Netflix Inc.	0.73%	1,401	$1.9M	Reduce -1.5%
GLDM SPDR Gold Minishares Trust	0.72%	28,282	$1.9M	Reduce -2.2%
RSP Invesco S&P 500 Equal Weight	0.71%	9,940	$1.8M	Reduce -1.8%
URI United Rentals Inc.	0.70%	2,386	$1.8M	Reduce -9.4%
KO The Coca-Cola Co.	0.69%	25,088	$1.8M	Reduce -0.2%
LOW Lowe's Cos Inc.	0.69%	7,960	$1.8M	Add +10.1%
MCD McDonald's Corp.	0.69%	6,034	$1.8M	Add +4.9%
PANW Palo Alto Networks Inc.	0.67%	8,446	$1.7M	Add +1.3%
EXR Extra Space Storage Inc.	0.67%	11,654	$1.7M	Add +2.4%
JNJ Johnson & Johnson	0.65%	10,979	$1.7M	Add +4.4%
SBUX Starbucks Corp.	0.65%	18,032	$1.7M	Add +8.2%
PRFD PIMCO Pref and Cap Sec Act	0.64%	32,158	$1.6M	Reduce -2.0%
SPTI SS SPDR P Int Term TSY ETF	0.64%	56,943	$1.6M	Reduce -0.8%
IGSB iShares 1-5Y Inv Grade Corp.	0.62%	30,007	$1.6M	Reduce -1.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.61%	33,182	$1.6M	Reduce -5.8%
ETN Eaton Corp. PLC	0.61%	4,371	$1.6M	Reduce -0.5%
APH Amphenol Corp. Class A	0.61%	15,783	$1.6M	Reduce -16.3%
TGT Target Corp.	0.60%	15,710	$1.5M	Reduce -6.3%
PWR Quanta Services Inc.	0.58%	3,955	$1.5M	Reduce -14.4%
AZEK The Azek Co. Inc.	0.58%	27,352	$1.5M	Reduce -7.5%
NEE Nextera Energy Inc.	0.55%	20,256	$1.4M	Add +2.2%
NOW ServiceNow Inc.	0.54%	1,347	$1.4M	Reduce -14.5%
INTU Intuit Inc.	0.54%	1,743	$1.4M	Reduce -20.0%
XTEN Bondbloxx BBG 10Y US TSY ETF	0.53%	29,440	$1.4M	Reduce -3.5%
PYPL PayPal Holdings Inc.	0.52%	17,847	$1.3M	Reduce -9.2%
ECL Ecolab Inc.	0.51%	4,885	$1.3M	Add +5.3%
DXCM Dexcom Inc.	0.51%	14,893	$1.3M	Reduce -7.8%
LRCX Lam Research Corp.	0.51%	13,297	$1.3M	Add +3.1%
COST Costco Wholesale Corp.	0.50%	1,301	$1.3M	Reduce -7.8%
WCN Waste Connections Inc.	0.49%	6,792	$1.3M	Add +20.0%
SNPS Synopsys Inc.	0.49%	2,466	$1.3M	Add +18.8%
BSX Boston Scientific Corp.	0.49%	11,713	$1.3M	Reduce -1.9%
COP Conocophillips	0.48%	13,752	$1.2M	Reduce -17.8%
BIL SS SPDR BB 1-3M T-Bill ETF	0.47%	13,251	$1.2M	Add +47.2%
EQIX Equinix Inc.	0.45%	1,465	$1.2M	Add +13.1%
PFE Pfizer Inc.	0.44%	46,542	$1.1M	Reduce -15.4%
IGIB iShares 5-10Y Inv Grade Corp.	0.44%	21,095	$1.1M	Reduce -5.7%
UBER Uber Technologies Inc.	0.41%	11,167	$1.0M	New
LUV Southwest Airlines Co.	0.41%	32,036	$1.0M	Add +7.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.40%	30,650	$1.0M	Reduce -12.8%
PODD Insulet Corp.	0.40%	3,295	$1.0M	New
BKR Baker Hughes Co.	0.40%	26,883	$1.0M	Add +23.2%
VRTX Vertex Pharmaceuticals Inc.	0.39%	2,253	$1.0M	New
ZBH Zimmer Biomet Holdings Inc.	0.39%	10,858	$990K	Add +0.6%
CSNR C&S Nat Resources Active ETF	0.38%	36,708	$971K	Reduce -2.1%
FTSM First Trust Enh Short Mat FD	0.36%	15,561	$932K	Reduce -1.5%
TOLZ Proshares GLB Infrastructure	0.36%	17,245	$929K	Reduce -2.1%
CSHI Neos Enhanced Income 1-3 Mon	0.33%	16,965	$844K	Reduce -2.5%
ORCL Oracle Corp.	0.24%	2,789	$610K	Reduce -2.0%
SPTS SS SPDR P St Term TSY ETF	0.24%	20,818	$610K	Reduce -0.1%
CAH Cardinal Health Inc.	0.23%	3,484	$585K	Reduce -6.0%
SPTL SS SPDR PF LNG TRM TSY E-Usd	0.23%	21,868	$581K	Reduce -1.6%
DCRE DBL Comm Real Est Debt	0.23%	11,149	$580K	Reduce -2.6%
FEBT Allianzim US Eq BFFR10 FB-US	0.21%	15,423	$541K	New
BAPR Innovator U.S. Equity Buffer	0.21%	11,886	$537K	New
XBAP Innovator US Eqy Accel 9 Buf	0.21%	14,528	$534K	New
AVUS Avantis U.S. Equity ETF	0.21%	5,275	$532K	New
RTX RTX Corp.	0.20%	3,501	$511K	Reduce -2.5%
LHX L3HARRIS Technologies Inc.	0.20%	2,031	$509K	Reduce -3.2%
ARES Ares Management Corp. Class A	0.20%	2,923	$506K	Reduce -2.5%
NYT New York Times Co. Class A	0.20%	8,969	$502K	Reduce -2.7%
ICE Intercontinental Exchange Inc.	0.19%	2,697	$495K	Reduce -2.2%
HON Honeywell International Inc.	0.19%	2,094	$488K	Reduce -2.4%
SYY Sysco Corp.	0.19%	6,417	$486K	Add +3.9%
BALL Ball Corp.	0.18%	8,312	$466K	Reduce -1.4%
AMT American Tower Corp.	0.18%	2,096	$463K	Reduce -3.9%
XEL Xcel Energy Inc.	0.18%	6,622	$451K	Reduce -2.1%
CB Chubb Ltd.	0.17%	1,547	$448K	Reduce -2.0%
NOC Northrop Grumman Corp.	0.17%	889	$444K	Reduce -2.6%
CI The Cigna Group	0.17%	1,343	$444K	Reduce -3.2%
XOM Exxon Mobil Corp.	0.17%	4,117	$444K	Reduce -2.3%
HD Home Depot Inc.	0.17%	1,195	$438K	Reduce -8.6%
T AT&T Inc.	0.17%	15,092	$437K	New
BX Blackstone Inc.	0.17%	2,885	$432K	Add +0.3%
AVY Avery Dennison Corp.	0.17%	2,436	$427K	Reduce -1.2%
ACN Accenture PLC Class A	0.17%	1,429	$427K	Reduce -1.9%
CRM Salesforce Inc.	0.16%	1,535	$419K	Reduce -0.8%
ABBV Abbvie Inc.	0.16%	2,246	$417K	Reduce -0.9%
AMGN Amgen Inc.	0.16%	1,487	$415K	Reduce -0.9%
KVUE Kenvue Inc.	0.16%	19,480	$408K	Reduce -1.5%
ALL Allstate Corp.	0.16%	2,007	$404K	New
PEP Pepsico Inc.	0.15%	3,001	$396K	Reduce -0.8%
NAPR Innovator Growth 100 Power B	0.15%	7,441	$380K	New
MUB iShares National Muni Bond E	0.15%	3,601	$376K	New
STZ Constellation Brands Inc. Class A	0.15%	2,308	$375K	Reduce -1.1%
WEN The Wendy's Co.	0.13%	29,908	$342K	Add +4.7%
CRPT FT Skybr Crypt & Dig Econ	0.13%	14,006	$325K	Add +23.5%
JULT All US Equ BUF10 Jul ETF-Usd	0.11%	6,679	$279K	New
DSI iShares ESG MSCI KLD 400 ETF	0.10%	2,300	$267K	No change
ISEP Innovator Intl Dev Eq Power	0.10%	8,520	$263K	New
CTAS Cintas Corp.	0.09%	1,080	$241K	No change
ARKW ARK Next Generation Technolo	0.09%	1,514	$223K	New
BLOK Amplify Blockchain Tech ETF	0.08%	3,795	$217K	New

Portfolio Sells Q1 2025 → Q2 2025


GSY Invesco Ultra Short Duration	Reduce -17.5%	1.56%	−0.44
ULST SS Ultra Short TM Bond ETF	Reduce -17.4%	1.57%	−0.44
GPN Global Payments Inc.	Sold out	0.00%	−0.41
PG The Procter & Gamble Co.	Reduce -10.8%	1.14%	−0.30
OCTW Alianzim US Eq BFR20 Oct-Usd	Reduce -25.3%	0.84%	−0.29
COP Conocophillips	Reduce -17.8%	0.48%	−0.24
JUNW Alianzim US Eq BFR20 Jun-Usd	Sold out	0.00%	−0.21
SLB SLB Ltd.	Reduce -12.8%	0.40%	−0.20
XBJL Inn US Eq Acc 9 Buff July	Reduce -11.6%	1.63%	−0.20
DMBS Doubleline Mortgage ETF	Reduce -2.2%	2.45%	−0.19
IPG Interpublic Group of Cos Inc.	Sold out	0.00%	−0.19
AXP American Express Co.	Sold out	0.00%	−0.18
ARE Alexandria Real Estate Equit	Sold out	0.00%	−0.17
XBOC Innovator US Eqy Acc 9 Buff	Sold out	0.00%	−0.16
PFE Pfizer Inc.	Reduce -15.4%	0.44%	−0.13
JMBS Janus Henderson Mortg Backed	Reduce -2.0%	1.60%	−0.13
TGT Target Corp.	Reduce -6.3%	0.60%	−0.12
JAAA Janus Henderson Aaa Clo ETF	Reduce -2.5%	1.28%	−0.11
SPAB SS SPDR P Agg Bond ETF	Reduce -5.4%	0.92%	−0.11
XFIV Bondbloxx BBG 5 YR US Treas	Reduce -2.1%	1.39%	−0.10
MBS Angel Oak Mortg-Bcked SE ETF	Reduce -2.6%	1.08%	−0.10
BALT Inn Defined Wealth Shield	Sold out	0.00%	−0.09
XSVN Bondbloxx BBG 7 YR US Treas	Reduce -3.0%	0.96%	−0.08
BBBS BBLX BBB 1-5Y Corp. Bond ETF	Reduce -2.2%	1.07%	−0.08
TJUL Innovator Equity Defined Pro	Reduce -3.1%	1.13%	−0.07
IGTR Innovator Grad Tact Rotation	Reduce -3.3%	0.85%	−0.07
V Visa Inc. Class A	Reduce -2.1%	0.99%	−0.06
DABS Doubleline Asset-Backed ETF	Reduce -0.9%	1.17%	−0.06
XTEN Bondbloxx BBG 10Y US TSY ETF	Reduce -3.5%	0.53%	−0.06
SPYI Neos S&P 500 High Income ETF	Reduce -1.8%	2.37%	−0.06
PCMM BBLX Private Credit Clo ETF	Reduce -0.7%	0.74%	−0.05
XTRE Bondbloxx BBG 3Y US TSY ETF	Reduce -1.0%	0.86%	−0.05
KO The Coca-Cola Co.	Reduce -0.2%	0.69%	−0.05
COST Costco Wholesale Corp.	Reduce -7.8%	0.50%	−0.05
IGIB iShares 5-10Y Inv Grade Corp.	Reduce -5.7%	0.44%	−0.05
HELO JPMorgan Hedged Equity ETF	Reduce -2.4%	1.37%	−0.04
PRFD PIMCO Pref and Cap Sec Act	Reduce -2.0%	0.64%	−0.04
SPTI SS SPDR P Int Term TSY ETF	Reduce -0.8%	0.64%	−0.04
IGSB iShares 1-5Y Inv Grade Corp.	Reduce -1.0%	0.62%	−0.04
KVUE Kenvue Inc.	Reduce -1.5%	0.16%	−0.04
XOM Exxon Mobil Corp.	Reduce -2.3%	0.17%	−0.03
ABBV Abbvie Inc.	Reduce -0.9%	0.16%	−0.03
PEP Pepsico Inc.	Reduce -0.8%	0.15%	−0.03
AMGN Amgen Inc.	Reduce -0.9%	0.16%	−0.03
STZ Constellation Brands Inc. Class A	Reduce -1.1%	0.15%	−0.03
CSHI Neos Enhanced Income 1-3 Mon	Reduce -2.5%	0.33%	−0.03
HD Home Depot Inc.	Reduce -8.6%	0.17%	−0.03
FTSM First Trust Enh Short Mat FD	Reduce -1.5%	0.36%	−0.03
SPTL SS SPDR PF LNG TRM TSY E-Usd	Reduce -1.6%	0.23%	−0.02
CB Chubb Ltd.	Reduce -2.0%	0.17%	−0.02

Portfolio Buys Q1 2025 → Q2 2025


AVGO Broadcom Inc.	Add +10.0%	1.22%	+0.51
UBER Uber Technologies Inc.	New	0.41%	+0.41
PODD Insulet Corp.	New	0.40%	+0.40
VRTX Vertex Pharmaceuticals Inc.	New	0.39%	+0.39
META Meta Platforms Inc. Class A	Add +1.1%	1.98%	+0.36
SPYM Ste STR SPDR PT S&P 500 ETF	Add +1.5%	5.66%	+0.33
FEBT Allianzim US Eq BFFR10 FB-US	New	0.21%	+0.21
BAPR Innovator U.S. Equity Buffer	New	0.21%	+0.21
XBAP Innovator US Eqy Accel 9 Buf	New	0.21%	+0.21
AVUS Avantis U.S. Equity ETF	New	0.21%	+0.21
T AT&T Inc.	New	0.17%	+0.17
ALL Allstate Corp.	New	0.16%	+0.16
NAPR Innovator Growth 100 Power B	New	0.15%	+0.15
MUB iShares National Muni Bond E	New	0.15%	+0.15
BIL SS SPDR BB 1-3M T-Bill ETF	Add +47.2%	0.47%	+0.13
SNPS Synopsys Inc.	Add +18.8%	0.49%	+0.13
LRCX Lam Research Corp.	Add +3.1%	0.51%	+0.12
JULT All US Equ BUF10 Jul ETF-Usd	New	0.11%	+0.11
ISEP Innovator Intl Dev Eq Power	New	0.10%	+0.10
PANW Palo Alto Networks Inc.	Add +1.3%	0.67%	+0.09
ARKW ARK Next Generation Technolo	New	0.09%	+0.09
BLOK Amplify Blockchain Tech ETF	New	0.08%	+0.08
CRPT FT Skybr Crypt & Dig Econ	Add +23.5%	0.13%	+0.07
WCN Waste Connections Inc.	Add +20.0%	0.49%	+0.04
ECL Ecolab Inc.	Add +5.3%	0.51%	+0.03
EQIX Equinix Inc.	Add +13.1%	0.45%	+0.02
BKR Baker Hughes Co.	Add +23.2%	0.40%	+0.01
BX Blackstone Inc.	Add +0.3%	0.17%	+0.00
SYY Sysco Corp.	Add +3.9%	0.19%	−0.00
LOW Lowe's Cos Inc.	Add +10.1%	0.69%	−0.01
LUV Southwest Airlines Co.	Add +7.7%	0.41%	−0.01
ABT Abbott Laboratories	Add +1.4%	0.74%	−0.01
EXR Extra Space Storage Inc.	Add +2.4%	0.67%	−0.03
SBUX Starbucks Corp.	Add +8.2%	0.65%	−0.03
NEE Nextera Energy Inc.	Add +2.2%	0.55%	−0.03
MDT Medtronic PLC	Add +3.7%	0.77%	−0.04
WEN The Wendy's Co.	Add +4.7%	0.13%	−0.04
BRK.B Berkshire Hathaway Inc. Class B	Add +10.1%	0.84%	−0.04
MCD McDonald's Corp.	Add +4.9%	0.69%	−0.05
JNJ Johnson & Johnson	Add +4.4%	0.65%	−0.06
ZBH Zimmer Biomet Holdings Inc.	Add +0.6%	0.39%	−0.12
CVX Chevron Corp.	Add +8.1%	0.90%	−0.13
AAPL Apple Inc.	Add +2.0%	1.81%	−0.22
UNH Unitedhealth Group Inc.	Add +11.2%	0.77%	−0.46

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