Brown Financial Advisors
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Brown Financial Advisors reported 147 stock positions worth $270.7 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 5.8% of the portfolio, followed by Doubleline Mortgage ETF (DMBS, 3.0%) and Nvidia (NVDA, 2.9%). Compared with Q2 2025, it opened 33 new positions, sold out of 24, added to 69 and reduced 43. The biggest buy was a new position in Angel Oak Ultrashort Income (UYLD) and the biggest sale an exit from SS Ultra Short TM Bond ETF (ULST).
- Most Recent 13F
- Q2 2026
- Location
- MILFORD, OH
- CIK
- 0002035548
- Portfolio Value
- $270.7M (Q3 2025)
- SEC Filing
- 0002035548-25-000005 ↗ filed Nov 14, 2025
Holdings Value
Holdings 147 stocks · $270.7M
| SPYM Ste STR SPDR PT S&P 500 ETF | 5.83% | 201,420 | $15.8M | Add +1.0% |
| DMBS Doubleline Mortgage ETF | 3.01% | 163,775 | $8.1M | Add +28.2% |
| NVDA Nvidia Corp. | 2.95% | 42,736 | $8.0M | Reduce -0.3% |
| MSFT Microsoft Corp. | 2.76% | 14,442 | $7.5M | Add +0.8% |
| AMZN Amazon.com Inc. | 2.49% | 30,734 | $6.7M | Add +0.6% |
| SPYI Neos S&P 500 High Income ETF | 2.34% | 120,880 | $6.3M | Add +0.0% |
| GOOG Alphabet Inc. Class C | 2.24% | 24,926 | $6.1M | Reduce -3.2% |
| AVDE Avantis International Equity | 2.18% | 74,677 | $5.9M | Add +4.8% |
| AAPL Apple Inc. | 2.12% | 22,545 | $5.7M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 1.89% | 6,979 | $5.1M | Add +1.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.81% | 114,666 | $4.9M | Reduce -2.7% |
| RECS Columbia Resear Enh Cor ETF | 1.74% | 117,003 | $4.7M | Add +1.4% |
| AVEM Avantis Emerging Markets Eq | 1.63% | 58,820 | $4.4M | Add +1.3% |
| JMBS Janus Henderson Mortg Backed | 1.62% | 95,955 | $4.4M | Add +5.4% |
| XBJL Inn US Eq Acc 9 Buff July | 1.60% | 115,446 | $4.3M | Reduce -0.3% |
| XFIV Bondbloxx BBG 5 YR US Treas | 1.39% | 76,082 | $3.8M | Add +5.2% |
| AVGO Broadcom Inc. | 1.35% | 11,099 | $3.7M | Reduce -2.1% |
| HELO JPMorgan Hedged Equity ETF | 1.34% | 55,771 | $3.6M | Reduce -0.9% |
| GSY Invesco Ultra Short Duration | 1.33% | 71,587 | $3.6M | Reduce -10.4% |
| UYLD Angel Oak Ultrashort Income | 1.33% | 70,203 | $3.6M | New |
| QQQM Invesco Nasdaq 100 ETF | 1.28% | 14,010 | $3.5M | New |
| JAAA Janus Henderson Aaa Clo ETF | 1.27% | 67,662 | $3.4M | Add +4.7% |
| DABS Doubleline Asset-Backed ETF | 1.15% | 60,905 | $3.1M | Add +3.4% |
| GS Goldman Sachs Group Inc. | 1.15% | 3,902 | $3.1M | Reduce -2.8% |
| JPM JPMorgan Chase & Co. | 1.12% | 9,590 | $3.0M | Reduce -0.8% |
| TJUL Innovator Equity Defined Pro | 1.10% | 101,543 | $3.0M | Add +0.8% |
| SEPU Allianzim US BF15 Uncap Sep | 1.08% | 102,575 | $2.9M | New |
| BBBS BBLX BBB 1-5Y Corp. Bond ETF | 1.07% | 55,852 | $2.9M | Add +4.6% |
| IETC iShares U.S. Tech Independen | 1.06% | 28,149 | $2.9M | New |
| PG The Procter & Gamble Co. | 1.02% | 18,049 | $2.8M | Reduce -1.2% |
| MS Morgan Stanley | 0.99% | 16,907 | $2.7M | Reduce -0.9% |
| XLF SS Financial Select Sector | 0.96% | 48,471 | $2.6M | New |
| XSVN Bondbloxx BBG 7 YR US Treas | 0.96% | 53,976 | $2.6M | Add +4.8% |
| CVX Chevron Corp. | 0.92% | 16,084 | $2.5M | Add +0.3% |
| V Visa Inc. Class A | 0.90% | 7,160 | $2.4M | Add +0.4% |
| WMT Walmart Inc. | 0.88% | 23,230 | $2.4M | Add +1.1% |
| XTRE Bondbloxx BBG 3Y US TSY ETF | 0.85% | 46,122 | $2.3M | Add +4.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.84% | 4,511 | $2.3M | Add +1.7% |
| UNH Unitedhealth Group Inc. | 0.83% | 6,534 | $2.3M | Add +3.1% |
| URI United Rentals Inc. | 0.82% | 2,335 | $2.2M | Reduce -2.1% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.79% | 39,709 | $2.1M | Add +88.2% |
| MDT Medtronic PLC | 0.79% | 22,462 | $2.1M | Reduce -0.2% |
| GLDM SPDR Gold Minishares Trust | 0.78% | 27,651 | $2.1M | Reduce -2.2% |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 0.78% | 45,043 | $2.1M | Add +53.0% |
| SPAB SS SPDR P Agg Bond ETF | 0.77% | 80,120 | $2.1M | Reduce -13.2% |
| JNJ Johnson & Johnson | 0.74% | 10,870 | $2.0M | Reduce -1.0% |
| LOW Lowe's Cos Inc. | 0.74% | 7,938 | $2.0M | Reduce -0.3% |
| PCMM BBLX Private Credit Clo ETF | 0.74% | 39,369 | $2.0M | Add +4.8% |
| APH Amphenol Corp. Class A | 0.72% | 15,676 | $1.9M | Reduce -0.7% |
| ETN Eaton Corp. PLC | 0.70% | 5,093 | $1.9M | Add +16.5% |
| ABT Abbott Laboratories | 0.70% | 14,073 | $1.9M | Add +1.0% |
| IGTR Innovator Grad Tact Rotation | 0.69% | 71,107 | $1.9M | Reduce -19.3% |
| MCD McDonald's Corp. | 0.68% | 6,021 | $1.8M | Reduce -0.2% |
| PANW Palo Alto Networks Inc. | 0.66% | 8,771 | $1.8M | Add +3.9% |
| LRCX Lam Research Corp. | 0.66% | 13,252 | $1.8M | Reduce -0.3% |
| NFLX Netflix Inc. | 0.64% | 1,449 | $1.7M | Add +3.4% |
| SMOT Vaneck Morningstar Smid Moat | 0.64% | 47,785 | $1.7M | Reduce -34.8% |
| PRFD PIMCO Pref and Cap Sec Act | 0.64% | 33,191 | $1.7M | Add +3.2% |
| SPTI SS SPDR P Int Term TSY ETF | 0.63% | 59,166 | $1.7M | Add +3.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.63% | 32,872 | $1.7M | Reduce -0.9% |
| KO The Coca-Cola Co. | 0.62% | 25,323 | $1.7M | Add +0.9% |
| PWR Quanta Services Inc. | 0.61% | 4,005 | $1.7M | Add +1.3% |
| NEE Nextera Energy Inc. | 0.57% | 20,266 | $1.5M | Add +0.1% |
| EXR Extra Space Storage Inc. | 0.56% | 10,682 | $1.5M | Reduce -8.3% |
| MLM Martin Marietta Materials | 0.55% | 2,358 | $1.5M | New |
| FTSM First Trust Enh Short Mat FD | 0.54% | 24,280 | $1.5M | Add +56.0% |
| TGT Target Corp. | 0.53% | 15,979 | $1.4M | Add +1.7% |
| SBUX Starbucks Corp. | 0.51% | 16,462 | $1.4M | Reduce -8.7% |
| ECL Ecolab Inc. | 0.50% | 4,951 | $1.4M | Add +1.4% |
| COP Conocophillips | 0.48% | 13,846 | $1.3M | Add +0.7% |
| NOW ServiceNow Inc. | 0.48% | 1,406 | $1.3M | Add +4.4% |
| BKR Baker Hughes Co. | 0.48% | 26,548 | $1.3M | Reduce -1.3% |
| COST Costco Wholesale Corp. | 0.46% | 1,343 | $1.2M | Add +3.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.46% | 13,452 | $1.2M | Add +1.5% |
| PYPL PayPal Holdings Inc. | 0.45% | 18,254 | $1.2M | Add +2.3% |
| WCN Waste Connections Inc. | 0.45% | 6,953 | $1.2M | Add +2.4% |
| PRIV SS Ig Publ Priv Cred ETF-Usd | 0.44% | 47,184 | $1.2M | New |
| SNPS Synopsys Inc. | 0.44% | 2,438 | $1.2M | Reduce -1.1% |
| BSX Boston Scientific Corp. | 0.43% | 11,963 | $1.2M | Add +2.1% |
| EQIX Equinix Inc. | 0.43% | 1,471 | $1.2M | Add +0.4% |
| UBER Uber Technologies Inc. | 0.41% | 11,312 | $1.1M | Add +1.3% |
| ZBH Zimmer Biomet Holdings Inc. | 0.40% | 10,919 | $1.1M | Add +0.6% |
| CSNR C&S Nat Resources Active ETF | 0.39% | 36,200 | $1.1M | Reduce -1.4% |
| DXCM Dexcom Inc. | 0.39% | 15,506 | $1.0M | Add +4.1% |
| LUV Southwest Airlines Co. | 0.38% | 32,500 | $1.0M | Add +1.4% |
| PODD Insulet Corp. | 0.38% | 3,335 | $1.0M | Add +1.2% |
| TOLZ Proshares GLB Infrastructure | 0.37% | 18,568 | $1.0M | Add +7.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 2,329 | $912K | Add +3.4% |
| AVUS Avantis U.S. Equity ETF | 0.33% | 8,274 | $899K | Add +56.9% |
| CSHI Neos Enhanced Income 1-3 Mon | 0.33% | 17,917 | $891K | Add +5.6% |
| MUB iShares National Muni Bond E | 0.27% | 6,960 | $741K | Add +93.3% |
| JHX James Hardie Ind PLC | 0.27% | 37,850 | $727K | New |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.24% | 24,462 | $659K | Add +11.9% |
| FEBT Allianzim US Eq BFFR10 FB-US | 0.24% | 17,513 | $649K | Add +13.6% |
| SPTS SS SPDR P St Term TSY ETF | 0.22% | 20,720 | $608K | Reduce -0.5% |
| DCRE DBL Comm Real Est Debt | 0.22% | 11,376 | $592K | Add +2.0% |
| ORCL Oracle Corp. | 0.21% | 1,989 | $559K | Reduce -28.7% |
| LHX L3HARRIS Technologies Inc. | 0.20% | 1,785 | $545K | Reduce -12.1% |
| ABBV Abbvie Inc. | 0.20% | 2,280 | $528K | Add +1.5% |
| WELL Welltower Inc. | 0.19% | 2,960 | $527K | New |
Portfolio Sells Q2 2025 → Q3 2025
| ULST SS Ultra Short TM Bond ETF | Sold out | 0.00% | −1.57 |
| QUAL iShares MSCI USA Quality Fac | Sold out | 0.00% | −1.55 |
| BBUS JPMorgan Betabuilders US Equ | Reduce -91.4% | 0.12% | −1.24 |
| MBS Angel Oak Mortg-Bcked SE ETF | Sold out | 0.00% | −1.08 |
| OCTW Alianzim US Eq BFR20 Oct-Usd | Sold out | 0.00% | −0.84 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.71 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.58 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.54 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -85.6% | 0.08% | −0.53 |
| SMOT Vaneck Morningstar Smid Moat | Reduce -34.8% | 0.64% | −0.36 |
| PFE Pfizer Inc. | Reduce -75.3% | 0.11% | −0.33 |
| SLB SLB Ltd. | Reduce -72.7% | 0.11% | −0.30 |
| GSY Invesco Ultra Short Duration | Reduce -10.4% | 1.33% | −0.24 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.23 |
| BAPR Innovator U.S. Equity Buffer | Sold out | 0.00% | −0.21 |
| XBAP Innovator US Eqy Accel 9 Buf | Sold out | 0.00% | −0.21 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.20 |
| NYT New York Times Co. Class A | Sold out | 0.00% | −0.20 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.19 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.18 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.18 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.17 |
| CI The Cigna Group | Sold out | 0.00% | −0.17 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.17 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.16 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.16 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -13.2% | 0.77% | −0.16 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.15 |
| IGTR Innovator Grad Tact Rotation | Reduce -19.3% | 0.69% | −0.15 |
| NAPR Innovator Growth 100 Power B | Sold out | 0.00% | −0.15 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.15 |
| WEN The Wendy's Co. | Sold out | 0.00% | −0.13 |
| SBUX Starbucks Corp. | Reduce -8.7% | 0.51% | −0.13 |
| EXR Extra Space Storage Inc. | Reduce -8.3% | 0.56% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -1.2% | 1.02% | −0.11 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -2.7% | 1.81% | −0.05 |
| SNPS Synopsys Inc. | Reduce -1.1% | 0.44% | −0.05 |
| HON Honeywell International Inc. | Reduce -7.3% | 0.15% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -6.3% | 0.16% | −0.04 |
| HELO JPMorgan Hedged Equity ETF | Reduce -0.9% | 1.34% | −0.04 |
| BALL Ball Corp. | Reduce -4.1% | 0.15% | −0.03 |
| ORCL Oracle Corp. | Reduce -28.7% | 0.21% | −0.03 |
| XBJL Inn US Eq Acc 9 Buff July | Reduce -0.3% | 1.60% | −0.03 |
| AVY Avery Dennison Corp. | Reduce -0.5% | 0.15% | −0.02 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -0.5% | 0.22% | −0.01 |
| MCD McDonald's Corp. | Reduce -0.2% | 0.68% | −0.01 |
| RTX RTX Corp. | Reduce -11.2% | 0.19% | −0.01 |
| LHX L3HARRIS Technologies Inc. | Reduce -12.1% | 0.20% | +0.00 |
| HD Home Depot Inc. | Reduce -1.6% | 0.18% | +0.01 |
| CSNR C&S Nat Resources Active ETF | Reduce -1.4% | 0.39% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| UYLD Angel Oak Ultrashort Income | New | 1.33% | +1.33 |
| QQQM Invesco Nasdaq 100 ETF | New | 1.28% | +1.28 |
| SEPU Allianzim US BF15 Uncap Sep | New | 1.08% | +1.08 |
| IETC iShares U.S. Tech Independen | New | 1.06% | +1.06 |
| XLF SS Financial Select Sector | New | 0.96% | +0.96 |
| DMBS Doubleline Mortgage ETF | Add +28.2% | 3.01% | +0.56 |
| MLM Martin Marietta Materials | New | 0.55% | +0.55 |
| PRIV SS Ig Publ Priv Cred ETF-Usd | New | 0.44% | +0.44 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +88.2% | 0.79% | +0.35 |
| JHX James Hardie Ind PLC | New | 0.27% | +0.27 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | Add +53.0% | 0.78% | +0.25 |
| WELL Welltower Inc. | New | 0.19% | +0.19 |
| MO Altria Group Inc. | New | 0.19% | +0.19 |
| AEP American Electric Power | New | 0.18% | +0.18 |
| DDTL Invtr Eq D Di 10 B ETF - Jul | New | 0.18% | +0.18 |
| SJM The JM Smucker Co. | New | 0.18% | +0.18 |
| USB US Bancorp | New | 0.17% | +0.17 |
| FTSM First Trust Enh Short Mat FD | Add +56.0% | 0.54% | +0.17 |
| PRU Prudential Financial Inc. | New | 0.17% | +0.17 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +1.0% | 5.83% | +0.17 |
| ROK Rockwell Automation Inc. | New | 0.17% | +0.17 |
| KMI Kinder Morgan Inc. | New | 0.17% | +0.17 |
| NAUG Innov G-100 Powr BF ETF -Aug | New | 0.17% | +0.17 |
| CME Cme Group Inc. | New | 0.16% | +0.16 |
| PZZA Papa John's Intl Inc. | New | 0.16% | +0.16 |
| WFC Wells Fargo & Co. | New | 0.16% | +0.16 |
| GIS General Mills Inc. | New | 0.16% | +0.16 |
| MOS The Mosaic Co. | New | 0.16% | +0.16 |
| DIS The Walt Disney Co. | New | 0.16% | +0.16 |
| MCO Moody's Corp. | New | 0.16% | +0.16 |
| TXN Texas Instruments Inc. | New | 0.15% | +0.15 |
| IBM Intl Business Machines Corp. | New | 0.14% | +0.14 |
| MUB iShares National Muni Bond E | Add +93.3% | 0.27% | +0.13 |
| AVUS Avantis U.S. Equity ETF | Add +56.9% | 0.33% | +0.12 |
| AVDE Avantis International Equity | Add +4.8% | 2.18% | +0.12 |
| ETN Eaton Corp. PLC | Add +16.5% | 0.70% | +0.10 |
| JMST JPM Ultra-Short Muni Income | New | 0.09% | +0.09 |
| CHAT Roundhill Gen AI & Tech ETF | New | 0.09% | +0.09 |
| RECS Columbia Resear Enh Cor ETF | Add +1.4% | 1.74% | +0.09 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.08% | +0.08 |
| IVV iShares Core S&P 500 ETF | New | 0.08% | +0.08 |
| LOUP Innovator Deepwater Frontier | New | 0.08% | +0.08 |
| AVEM Avantis Emerging Markets Eq | Add +1.3% | 1.63% | +0.08 |
| QTUM Defiance Quantum ETF | New | 0.08% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +3.1% | 0.83% | +0.06 |
| BLOK Amplify Blockchain Tech ETF | Add +35.9% | 0.13% | +0.04 |
| ARKW ARK Next Generation Technolo | Add +32.3% | 0.13% | +0.04 |
| ABBV Abbvie Inc. | Add +1.5% | 0.20% | +0.03 |
| PWR Quanta Services Inc. | Add +1.3% | 0.61% | +0.03 |
| FEBT Allianzim US Eq BFFR10 FB-US | Add +13.6% | 0.24% | +0.03 |
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 |