Brown Financial Advisors
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Brown Financial Advisors reported 152 stock positions worth $273.2 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 6.0% of the portfolio, followed by Doubleline Mortgage ETF (DMBS, 3.0%) and Nvidia (NVDA, 2.7%). Compared with Q3 2025, it opened 25 new positions, sold out of 20, added to 56 and reduced 70. The biggest buy was a new position in Invsco GLXY BTCN ETF (BTCO) and the biggest sale JPMorgan Hedged Equity ETF (HELO, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- MILFORD, OH
- CIK
- 0002035548
- Portfolio Value
- $273.2M (Q4 2025)
- SEC Filing
- 0002035548-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 152 stocks · $273.2M
| SPYM Ste STR SPDR PT S&P 500 ETF | 6.01% | 204,769 | $16.4M | Add +1.7% |
| DMBS Doubleline Mortgage ETF | 2.97% | 163,395 | $8.1M | Reduce -0.2% |
| NVDA Nvidia Corp. | 2.67% | 39,163 | $7.3M | Reduce -8.4% |
| AMZN Amazon.com Inc. | 2.61% | 30,841 | $7.1M | Add +0.3% |
| MSFT Microsoft Corp. | 2.55% | 14,431 | $7.0M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 2.37% | 20,657 | $6.5M | Reduce -17.1% |
| SPYI Neos S&P 500 High Income ETF | 2.32% | 120,573 | $6.3M | Reduce -0.3% |
| AVDE Avantis International Equity | 2.25% | 74,636 | $6.1M | Reduce -0.1% |
| AAPL Apple Inc. | 2.23% | 22,436 | $6.1M | Reduce -0.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.85% | 113,902 | $5.1M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 1.79% | 7,408 | $4.9M | Add +6.2% |
| RECS Columbia Resear Enh Cor ETF | 1.73% | 115,698 | $4.7M | Reduce -1.1% |
| AVEM Avantis Emerging Markets Eq | 1.64% | 58,354 | $4.5M | Reduce -0.8% |
| XBJL Inn US Eq Acc 9 Buff July | 1.58% | 113,115 | $4.3M | Reduce -2.0% |
| JMBS Janus Henderson Mortg Backed | 1.58% | 94,525 | $4.3M | Reduce -1.5% |
| GSY Invesco Ultra Short Duration | 1.45% | 78,674 | $4.0M | Add +9.9% |
| UYLD Angel Oak Ultrashort Income | 1.44% | 77,114 | $3.9M | Add +9.8% |
| XFIV Bondbloxx BBG 5 YR US Treas | 1.38% | 76,432 | $3.8M | Add +0.5% |
| QQQM Invesco Nasdaq 100 ETF | 1.28% | 13,880 | $3.5M | Reduce -0.9% |
| JAAA Janus Henderson Aaa Clo ETF | 1.25% | 67,754 | $3.4M | Add +0.1% |
| AVGO Broadcom Inc. | 1.22% | 9,643 | $3.3M | Reduce -13.1% |
| GS Goldman Sachs Group Inc. | 1.14% | 3,556 | $3.1M | Reduce -8.9% |
| DABS Doubleline Asset-Backed ETF | 1.14% | 61,245 | $3.1M | Add +0.6% |
| JPM JPMorgan Chase & Co. | 1.11% | 9,428 | $3.0M | Reduce -1.7% |
| TJUL Innovator Equity Defined Pro | 1.10% | 101,273 | $3.0M | Reduce -0.3% |
| SEPU Allianzim US BF15 Uncap Sep | 1.07% | 101,075 | $2.9M | Reduce -1.5% |
| BBBS BBLX BBB 1-5Y Corp. Bond ETF | 1.06% | 56,261 | $2.9M | Add +0.7% |
| IETC iShares U.S. Tech Independen | 1.06% | 28,379 | $2.9M | Add +0.8% |
| MS Morgan Stanley | 1.04% | 15,939 | $2.8M | Reduce -5.7% |
| XLF SS Financial Select Sector | 0.98% | 49,019 | $2.7M | Add +1.1% |
| PG The Procter & Gamble Co. | 0.97% | 18,543 | $2.7M | Add +2.7% |
| XSVN Bondbloxx BBG 7 YR US Treas | 0.95% | 54,220 | $2.6M | Add +0.5% |
| CVX Chevron Corp. | 0.90% | 16,060 | $2.4M | Reduce -0.1% |
| WMT Walmart Inc. | 0.86% | 21,105 | $2.4M | Reduce -9.2% |
| XTRE Bondbloxx BBG 3Y US TSY ETF | 0.84% | 46,364 | $2.3M | Add +0.5% |
| GLDM SPDR Gold Minishares Trust | 0.83% | 26,480 | $2.3M | Reduce -4.2% |
| V Visa Inc. Class A | 0.81% | 6,336 | $2.2M | Reduce -11.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.80% | 4,348 | $2.2M | Reduce -3.6% |
| MDT Medtronic PLC | 0.79% | 22,458 | $2.2M | Reduce -0.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.79% | 39,845 | $2.1M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.77% | 6,397 | $2.1M | Reduce -2.1% |
| TGT Target Corp. | 0.77% | 21,548 | $2.1M | Add +34.9% |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 0.77% | 45,295 | $2.1M | Add +0.6% |
| SPAB SS SPDR P Agg Bond ETF | 0.75% | 79,352 | $2.0M | Reduce -1.0% |
| ABT Abbott Laboratories | 0.74% | 16,053 | $2.0M | Add +14.1% |
| PCMM BBLX Private Credit Clo ETF | 0.73% | 39,892 | $2.0M | Add +1.3% |
| IGTR Innovator Grad Tact Rotation | 0.71% | 69,387 | $1.9M | Reduce -2.4% |
| BTCO Invsco GLXY BTCN ETF | 0.71% | 22,132 | $1.9M | New |
| LOW Lowe's Cos Inc. | 0.70% | 7,898 | $1.9M | Reduce -0.5% |
| KO The Coca-Cola Co. | 0.68% | 26,620 | $1.9M | Add +5.1% |
| ETN Eaton Corp. PLC | 0.67% | 5,724 | $1.8M | Add +12.4% |
| MCD McDonald's Corp. | 0.67% | 5,949 | $1.8M | Reduce -1.2% |
| SMOT Vaneck Morningstar Smid Moat | 0.64% | 48,398 | $1.8M | Add +1.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.64% | 31,846 | $1.8M | Reduce -3.1% |
| URI United Rentals Inc. | 0.63% | 2,135 | $1.7M | Reduce -8.6% |
| PRFD PIMCO Pref and Cap Sec Act | 0.62% | 33,051 | $1.7M | Reduce -0.4% |
| SPTI SS SPDR P Int Term TSY ETF | 0.62% | 58,969 | $1.7M | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.60% | 7,868 | $1.6M | Reduce -27.6% |
| HELO JPMorgan Hedged Equity ETF | 0.59% | 24,312 | $1.6M | Reduce -56.4% |
| PANW Palo Alto Networks Inc. | 0.59% | 8,749 | $1.6M | Reduce -0.3% |
| NFLX Netflix Inc. | 0.56% | 16,309 | $1.5M | Add +12.6% |
| MLM Martin Marietta Materials | 0.54% | 2,391 | $1.5M | Add +1.4% |
| SBUX Starbucks Corp. | 0.54% | 17,382 | $1.5M | Add +5.6% |
| FTSM First Trust Enh Short Mat FD | 0.52% | 23,881 | $1.4M | Reduce -1.6% |
| APH Amphenol Corp. Class A | 0.52% | 10,559 | $1.4M | Reduce -32.6% |
| LRCX Lam Research Corp. | 0.52% | 8,244 | $1.4M | Reduce -37.8% |
| ECL Ecolab Inc. | 0.52% | 5,369 | $1.4M | Add +8.4% |
| WCN Waste Connections Inc. | 0.50% | 7,770 | $1.4M | Add +11.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.49% | 14,635 | $1.3M | Add +8.8% |
| COP Conocophillips | 0.49% | 14,239 | $1.3M | Add +2.8% |
| PWR Quanta Services Inc. | 0.48% | 3,116 | $1.3M | Reduce -22.2% |
| CTAS Cintas Corp. | 0.47% | 6,839 | $1.3M | Add +533.2% |
| AVUS Avantis U.S. Equity ETF | 0.44% | 10,825 | $1.2M | Add +30.8% |
| PRIV SS Ig Publ Priv Cred ETF-Usd | 0.44% | 47,354 | $1.2M | Add +0.4% |
| EXR Extra Space Storage Inc. | 0.44% | 9,217 | $1.2M | Reduce -13.7% |
| NOW ServiceNow Inc. | 0.44% | 7,819 | $1.2M | Add +11.2% |
| COST Costco Wholesale Corp. | 0.43% | 1,371 | $1.2M | Add +2.1% |
| DXCM Dexcom Inc. | 0.41% | 16,818 | $1.1M | Add +8.5% |
| CSNR C&S Nat Resources Active ETF | 0.41% | 36,066 | $1.1M | Reduce -0.4% |
| BKR Baker Hughes Co. | 0.41% | 24,313 | $1.1M | Reduce -8.4% |
| BSX Boston Scientific Corp. | 0.40% | 11,583 | $1.1M | Reduce -3.2% |
| LUV Southwest Airlines Co. | 0.40% | 26,683 | $1.1M | Reduce -17.9% |
| LLY Eli Lilly & Co. | 0.40% | 1,017 | $1.1M | New |
| NEE Nextera Energy Inc. | 0.40% | 13,586 | $1.1M | Reduce -33.0% |
| PYPL PayPal Holdings Inc. | 0.40% | 18,493 | $1.1M | Add +1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.39% | 6,995 | $1.1M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.39% | 2,368 | $1.1M | Add +1.7% |
| SNPS Synopsys Inc. | 0.39% | 2,285 | $1.1M | Reduce -6.3% |
| EQIX Equinix Inc. | 0.39% | 1,395 | $1.1M | Reduce -5.2% |
| ISRG Intuitive Surgical Inc. | 0.39% | 1,884 | $1.1M | New |
| PODD Insulet Corp. | 0.39% | 3,720 | $1.1M | Add +11.5% |
| TOLZ Proshares GLB Infrastructure | 0.37% | 18,733 | $1.0M | Add +0.9% |
| MUB iShares National Muni Bond E | 0.34% | 8,583 | $919K | Add +23.3% |
| CSHI Neos Enhanced Income 1-3 Mon | 0.32% | 17,498 | $870K | Reduce -2.3% |
| FEBT Allianzim US Eq BFFR10 FB-US | 0.23% | 16,526 | $630K | Reduce -5.6% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.23% | 23,649 | $626K | Reduce -3.3% |
| KEY Keycorp | 0.22% | 29,684 | $613K | New |
| JEF Jefferies Financial Group Inc. | 0.22% | 9,707 | $602K | New |
| C Citigroup Inc. | 0.22% | 5,140 | $600K | New |
| SPTS SS SPDR P St Term TSY ETF | 0.22% | 20,192 | $591K | Reduce -2.5% |
Portfolio Sells Q3 2025 → Q4 2025
| HELO JPMorgan Hedged Equity ETF | Reduce -56.4% | 0.59% | −0.75 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.41 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.40 |
| NVDA Nvidia Corp. | Reduce -8.4% | 2.67% | −0.27 |
| JHX James Hardie Ind PLC | Sold out | 0.00% | −0.27 |
| MSFT Microsoft Corp. | Reduce -0.1% | 2.55% | −0.21 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.21 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.20 |
| WELL Welltower Inc. | Sold out | 0.00% | −0.19 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.19 |
| APH Amphenol Corp. Class A | Reduce -32.6% | 0.52% | −0.19 |
| URI United Rentals Inc. | Reduce -8.6% | 0.63% | −0.19 |
| NEE Nextera Energy Inc. | Reduce -33.0% | 0.40% | −0.17 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.16 |
| PZZA Papa John's Intl Inc. | Sold out | 0.00% | −0.16 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.16 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.16 |
| T AT&T Inc. | Sold out | 0.00% | −0.16 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.16 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.16 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.16 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.15 |
| JNJ Johnson & Johnson | Reduce -27.6% | 0.60% | −0.15 |
| BALL Ball Corp. | Sold out | 0.00% | −0.15 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.15 |
| LRCX Lam Research Corp. | Reduce -37.8% | 0.52% | −0.14 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.14 |
| PWR Quanta Services Inc. | Reduce -22.2% | 0.48% | −0.13 |
| AVGO Broadcom Inc. | Reduce -13.1% | 1.22% | −0.13 |
| EXR Extra Space Storage Inc. | Reduce -13.7% | 0.44% | −0.12 |
| V Visa Inc. Class A | Reduce -11.5% | 0.81% | −0.09 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.08 |
| BKR Baker Hughes Co. | Reduce -8.4% | 0.41% | −0.07 |
| PANW Palo Alto Networks Inc. | Reduce -0.3% | 0.59% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -2.1% | 0.77% | −0.06 |
| SNPS Synopsys Inc. | Reduce -6.3% | 0.39% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -0.5% | 0.70% | −0.04 |
| JMBS Janus Henderson Mortg Backed | Reduce -1.5% | 1.58% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.6% | 0.80% | −0.04 |
| DMBS Doubleline Mortgage ETF | Reduce -0.2% | 2.97% | −0.04 |
| EQIX Equinix Inc. | Reduce -5.2% | 0.39% | −0.03 |
| BSX Boston Scientific Corp. | Reduce -3.2% | 0.40% | −0.03 |
| CVX Chevron Corp. | Reduce -0.1% | 0.90% | −0.03 |
| WMT Walmart Inc. | Reduce -9.2% | 0.86% | −0.02 |
| RTX RTX Corp. | Reduce -17.5% | 0.17% | −0.02 |
| ABBV Abbvie Inc. | Reduce -8.0% | 0.18% | −0.02 |
| SPYI Neos S&P 500 High Income ETF | Reduce -0.3% | 2.32% | −0.02 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -1.0% | 0.75% | −0.02 |
| RECS Columbia Resear Enh Cor ETF | Reduce -1.1% | 1.73% | −0.01 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -3.3% | 0.23% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| BTCO Invsco GLXY BTCN ETF | New | 0.71% | +0.71 |
| LLY Eli Lilly & Co. | New | 0.40% | +0.40 |
| TJX TJX Companies Inc. | New | 0.39% | +0.39 |
| ISRG Intuitive Surgical Inc. | New | 0.39% | +0.39 |
| CTAS Cintas Corp. | Add +533.2% | 0.47% | +0.39 |
| TGT Target Corp. | Add +34.9% | 0.77% | +0.24 |
| KEY Keycorp | New | 0.22% | +0.22 |
| JEF Jefferies Financial Group Inc. | New | 0.22% | +0.22 |
| C Citigroup Inc. | New | 0.22% | +0.22 |
| EIX Edison International | New | 0.19% | +0.19 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.19% | +0.19 |
| HII Huntington Ingalls Industrie | New | 0.19% | +0.19 |
| ITW Illinois Tool Works | New | 0.19% | +0.19 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +1.7% | 6.01% | +0.18 |
| UPS United Parcel Service Class B | New | 0.18% | +0.18 |
| CSCO Cisco Systems Inc. | New | 0.18% | +0.18 |
| EOG EOG Resources Inc. | New | 0.17% | +0.17 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.17% | +0.17 |
| FLEX Flex Ltd. | New | 0.17% | +0.17 |
| ARE Alexandria Real Estate Equit | New | 0.16% | +0.16 |
| QCOM Qualcomm Inc. | New | 0.16% | +0.16 |
| MHO M/I Homes Inc. | New | 0.16% | +0.16 |
| KHC The Kraft Heinz Co. | New | 0.16% | +0.16 |
| KLAC KLA Corp. | New | 0.16% | +0.16 |
| LYB Lyondellbasell Indu Class A | New | 0.16% | +0.16 |
| GSY Invesco Ultra Short Duration | Add +9.9% | 1.45% | +0.12 |
| UYLD Angel Oak Ultrashort Income | Add +9.8% | 1.44% | +0.12 |
| AMZN Amazon.com Inc. | Add +0.3% | 2.61% | +0.11 |
| AVUS Avantis U.S. Equity ETF | Add +30.8% | 0.44% | +0.11 |
| GOOGL Alphabet Inc. Class A | New | 0.11% | +0.11 |
| BOXX Alpha Architect 1-3 MNTH Box | New | 0.09% | +0.09 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.09% | +0.09 |
| MUB iShares National Muni Bond E | Add +23.3% | 0.34% | +0.06 |
| KO The Coca-Cola Co. | Add +5.1% | 0.68% | +0.06 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1.7% | 0.39% | +0.06 |
| WCN Waste Connections Inc. | Add +11.8% | 0.50% | +0.05 |
| ABT Abbott Laboratories | Add +14.1% | 0.74% | +0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +8.8% | 0.49% | +0.03 |
| DXCM Dexcom Inc. | Add +8.5% | 0.41% | +0.02 |
| SBUX Starbucks Corp. | Add +5.6% | 0.54% | +0.02 |
| JMST JPM Ultra-Short Muni Income | Add +23.4% | 0.11% | +0.02 |
| XLF SS Financial Select Sector | Add +1.1% | 0.98% | +0.02 |
| TXN Texas Instruments Inc. | Add +19.6% | 0.16% | +0.02 |
| ECL Ecolab Inc. | Add +8.4% | 0.52% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +15.0% | 0.10% | +0.01 |
| IBM Intl Business Machines Corp. | Add +4.9% | 0.16% | +0.01 |
| QTUM Defiance Quantum ETF | Add +7.4% | 0.09% | +0.01 |
| LOUP Innovator Deepwater Frontier | Add +6.8% | 0.09% | +0.01 |
| PODD Insulet Corp. | Add +11.5% | 0.39% | +0.01 |
| SMOT Vaneck Morningstar Smid Moat | Add +1.3% | 0.64% | +0.00 |
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 |