Brown Financial Advisory
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), Brown Financial Advisory reported 49 stock positions worth $239.4 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 42.3% of the portfolio, followed by Vanguard Most SM-Cap ETF-Usd (VB, 18.7%) and Dimensional Em Ex Cce ETF (DEXC, 14.8%). Compared with Q1 2026, it opened 4 new positions, sold out of 4, added to 5 and reduced 23. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +7%) and the biggest sale Ste STR SPDR PT DW Eu ETF (SPDW, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- FAIRHOPE, AL
- CIK
- 0001843853
- Portfolio Value
- $239.4M (Q2 2026)
- SEC Filing
- 0001843853-26-000004 ↗ filed Jul 28, 2026
Holdings Value
Holdings 49 stocks · $239.4M
| SPYM Ste STR SPDR PT S&P 500 ETF | 42.28% | 1,151,975 | $101.2M | Add +6.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 18.72% | 147,831 | $44.8M | Add +4.6% |
| DEXC Dimensional Em Ex Cce ETF | 14.82% | 429,629 | $35.5M | Add +0.5% |
| IWB iShares Russell 1000 ETF | 4.65% | 27,165 | $11.1M | Reduce -0.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 4.34% | 206,062 | $10.4M | Reduce -0.8% |
| VONE Vanguard Russell 1000 | 3.00% | 21,172 | $7.2M | Reduce -0.1% |
| AVDE Avantis International Equity | 0.95% | 25,603 | $2.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.86% | 4,135 | $2.1M | Reduce -3.4% |
| IWF iShares Russell 1000 Growth | 0.86% | 16,563 | $2.1M | Reduce -5.2% |
| IVV iShares Core S&P 500 ETF | 0.70% | 2,236 | $1.7M | Reduce -1.7% |
| SPEM State Street SP PTF Em ETF | 0.62% | 28,757 | $1.5M | No change |
| AAPL Apple Inc. | 0.51% | 4,253 | $1.2M | Reduce -14.2% |
| MSFT Microsoft Corp. | 0.47% | 3,014 | $1.1M | Reduce -7.9% |
| SPHY SS SPDR P High Yield ETF | 0.45% | 45,996 | $1.1M | Add +7.4% |
| VEA Vanguard Ftse Developed ETF | 0.45% | 15,092 | $1.1M | No change |
| IWD iShares Russell 1000 Value E | 0.40% | 3,949 | $957K | No change |
| ABBV Abbvie Inc. | 0.35% | 3,303 | $831K | Reduce -11.3% |
| VYM Vanguard High DVD Yield ETF | 0.33% | 5,074 | $802K | Reduce -19.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.32% | 2,102 | $778K | No change |
| SPSM SS SPDR P S&P 600 Small Cap | 0.27% | 11,331 | $653K | No change |
| SXT Sensient Technologies Corp. | 0.23% | 4,551 | $561K | Reduce -30.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.23% | 744 | $555K | Reduce -2.8% |
| AMZN Amazon.com Inc. | 0.23% | 2,318 | $552K | Reduce -8.3% |
| IWM iShares Russell 2000 ETF | 0.22% | 1,732 | $520K | Reduce -4.4% |
| COKE Coca-Cola Consolidated Inc. | 0.21% | 2,580 | $493K | New |
| USMV iShares MSCI USA Min Vol Fac | 0.20% | 5,054 | $488K | Reduce -21.7% |
| NVDA Nvidia Corp. | 0.20% | 2,436 | $487K | Reduce -21.5% |
| VWO Vanguard Ftse Emerging Marke | 0.20% | 7,990 | $477K | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.19% | 14,733 | $458K | Reduce -26.9% |
| CAT Caterpillar Inc. | 0.18% | 410 | $437K | No change |
| BSCR Invesco Bulletshares 2027 CB | 0.18% | 21,549 | $423K | No change |
| BSCS Invesco Bulletshares 2028 CB | 0.18% | 20,734 | $422K | No change |
| BSCT Invesco Bulletshares 2029 CB | 0.18% | 22,730 | $422K | No change |
| SPAB SS SPDR P Agg Bond ETF | 0.17% | 15,755 | $402K | No change |
| WMT Walmart Inc. | 0.16% | 3,415 | $387K | Reduce -27.8% |
| L Loews Corp. | 0.16% | 3,377 | $382K | No change |
| VXF Vanguard Extended Market ETF | 0.15% | 1,487 | $366K | No change |
| VTWO Vanguard Russell 2000 ETF | 0.15% | 2,947 | $358K | No change |
| AVEM Avantis Emerging Markets Eq | 0.15% | 3,706 | $358K | No change |
| HD Home Depot Inc. | 0.15% | 986 | $348K | Reduce -18.4% |
| SO The Southern Co. | 0.12% | 2,945 | $282K | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 0.12% | 859 | $281K | Reduce -30.2% |
| GOOG Alphabet Inc. Class C | 0.11% | 767 | $271K | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.11% | 1,277 | $252K | Reduce -16.4% |
| GOOGL Alphabet Inc. Class A | 0.10% | 657 | $235K | New |
| VOO Vanguard S&P 500 ETF | 0.10% | 335 | $230K | New |
| XOM Exxon Mobil Corp. | 0.09% | 1,624 | $222K | Add +0.1% |
| QUS SS SPDR MSCI U Stratfact ETF | 0.09% | 1,155 | $216K | Reduce -11.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.09% | 2,513 | $210K | New |
Portfolio Sells Q1 2026 → Q2 2026
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.8% | 4.34% | −0.37 |
| FBND Fidelity Total Bond ETF | Sold out | 0.00% | −0.26 |
| XMHQ Invesco S&P Midcap Qual ETF | Sold out | 0.00% | −0.19 |
| IWB iShares Russell 1000 ETF | Reduce -0.7% | 4.65% | −0.19 |
| IQLT iShares MSCI International Q | Sold out | 0.00% | −0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.4% | 0.86% | −0.15 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.15 |
| MSFT Microsoft Corp. | Reduce -7.9% | 0.47% | −0.13 |
| WMT Walmart Inc. | Reduce -27.8% | 0.16% | −0.13 |
| VYM Vanguard High DVD Yield ETF | Reduce -19.4% | 0.33% | −0.13 |
| AAPL Apple Inc. | Reduce -14.2% | 0.51% | −0.11 |
| VONE Vanguard Russell 1000 | Reduce -0.1% | 3.00% | −0.11 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -21.7% | 0.20% | −0.09 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -26.9% | 0.19% | −0.09 |
| NVDA Nvidia Corp. | Reduce -21.5% | 0.20% | −0.06 |
| IWF iShares Russell 1000 Growth | Reduce -5.2% | 0.86% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -30.2% | 0.12% | −0.06 |
| ABBV Abbvie Inc. | Reduce -11.3% | 0.35% | −0.05 |
| HD Home Depot Inc. | Reduce -18.4% | 0.15% | −0.05 |
| SXT Sensient Technologies Corp. | Reduce -30.8% | 0.23% | −0.05 |
| IVV iShares Core S&P 500 ETF | Reduce -1.7% | 0.70% | −0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -16.4% | 0.11% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -8.3% | 0.23% | −0.03 |
| SO The Southern Co. | Reduce -0.3% | 0.12% | −0.02 |
| QUS SS SPDR MSCI U Stratfact ETF | Reduce -11.7% | 0.09% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.8% | 0.23% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -4.4% | 0.22% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +6.7% | 42.28% | +1.29 |
| DEXC Dimensional Em Ex Cce ETF | Add +0.5% | 14.82% | +1.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +4.6% | 18.72% | +0.36 |
| COKE Coca-Cola Consolidated Inc. | New | 0.21% | +0.21 |
| GOOGL Alphabet Inc. Class A | New | 0.10% | +0.10 |
| VOO Vanguard S&P 500 ETF | New | 0.10% | +0.10 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.09% | +0.09 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.09% | −0.04 |
| SPHY SS SPDR P High Yield ETF | Add +7.4% | 0.45% | −0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 49 | $239.4M | SPYM, VB, DEXC, IWB, SPDW |
| Q1 2026 | 49 | $201.6M | SPYM, VB, DEXC, IWB, SPDW |
| Q4 2025 | 56 | $197.9M | SPYM, VB, DEXC, IWB, SPDW |
| Q3 2025 | 55 | $191.0M | SPYM, VB, DEXC, IWB, SPDW |
| Q2 2025 | 55 | $181.2M | SPYM, VB, DEXC, IWB, SPDW |
| Q1 2025 | 51 | $158.6M | SPYM, VB, DEXC, DFAR, IWB |
| Q4 2024 | 34 | $140.4M | SPYM, VB, DFAR, IWB, SPDW |
| Q3 2024 | 36 | $141.3M | SPYM, VB, DFAR, IWB, SPDW |
| Q2 2024 | 32 | $130.1M | SPYM, VB, DFAR, IWB, SPDW |
| Q1 2024 | 32 | $128.7M | SPYM, VB, DFAR, IWB, SPDW |