Brown Financial Advisory
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 24, 2025), Brown Financial Advisory reported 34 stock positions worth $140.4 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 44.7% of the portfolio, followed by Vanguard Most SM-Cap ETF-Usd (VB, 14.4%) and Dimensional US Real Est ETF (DFAR, 9.0%). Compared with Q3 2024, it opened 3 new positions, sold out of 5, added to 7 and reduced 15. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +3%) and the biggest sale Dimensional US Real Est ETF (DFAR, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- FAIRHOPE, AL
- CIK
- 0001843853
- Portfolio Value
- $140.4M (Q4 2024)
- SEC Filing
- 0001085146-25-000458 ↗ filed Jan 24, 2025
Holdings Value
Holdings 34 stocks · $140.4M
| SPYM Ste STR SPDR PT S&P 500 ETF | 44.73% | 911,088 | $62.8M | Add +3.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 14.36% | 83,936 | $20.2M | Add +4.1% |
| DFAR Dimensional US Real Est ETF | 9.00% | 543,195 | $12.6M | Reduce -5.6% |
| IWB iShares Russell 1000 ETF | 7.34% | 31,979 | $10.3M | Reduce -5.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.33% | 219,460 | $7.5M | Reduce -0.3% |
| SPEM State Street SP PTF Em ETF | 3.81% | 139,501 | $5.4M | Reduce -3.2% |
| VONE Vanguard Russell 1000 | 2.30% | 12,094 | $3.2M | No change |
| AVEM Avantis Emerging Markets Eq | 1.94% | 46,376 | $2.7M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.27% | 3,934 | $1.8M | Add +0.2% |
| AVDE Avantis International Equity | 1.23% | 28,078 | $1.7M | No change |
| IWF iShares Russell 1000 Growth | 1.06% | 3,691 | $1.5M | Reduce -1.2% |
| IVV iShares Core S&P 500 ETF | 1.02% | 2,444 | $1.4M | Reduce -3.7% |
| IWD iShares Russell 1000 Value E | 0.67% | 5,117 | $947K | Reduce -1.7% |
| SPHY SS SPDR P High Yield ETF | 0.65% | 38,669 | $908K | Reduce -1.1% |
| SXT Sensient Technologies Corp. | 0.54% | 10,579 | $754K | Reduce -1.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.48% | 2,344 | $679K | Reduce -1.0% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.43% | 13,495 | $606K | Reduce -1.2% |
| USRT iShares Core US REIT ETF | 0.36% | 8,856 | $508K | Reduce -4.5% |
| VNQ Vanguard Real Estate ETF | 0.34% | 5,288 | $471K | No change |
| SPAB SS SPDR P Agg Bond ETF | 0.32% | 18,068 | $452K | Reduce -0.4% |
| AAPL Apple Inc. | 0.32% | 1,798 | $450K | Add +31.7% |
| IWM iShares Russell 2000 ETF | 0.31% | 1,980 | $438K | No change |
| ABBV Abbvie Inc. | 0.24% | 1,920 | $341K | Add +8.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 579 | $339K | No change |
| VEA Vanguard Ftse Developed ETF | 0.22% | 6,471 | $309K | No change |
| L Loews Corp. | 0.20% | 3,377 | $286K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.20% | 6,267 | $276K | No change |
| BNDX Vanguard Total Intl Bond ETF | 0.20% | 5,601 | $275K | Reduce -9.7% |
| MSFT Microsoft Corp. | 0.19% | 648 | $273K | New |
| VTWO Vanguard Russell 2000 ETF | 0.19% | 2,947 | $263K | No change |
| XOM Exxon Mobil Corp. | 0.17% | 2,214 | $238K | New |
| ABT Abbott Laboratories | 0.15% | 1,896 | $214K | Add +5.1% |
| SO The Southern Co. | 0.15% | 2,487 | $205K | Add +1.8% |
| CVX Chevron Corp. | 0.03% | 283 | $41K | New |
Options reported separately and not counted above: CVX puts ($362K).
Portfolio Sells Q3 2024 → Q4 2024
| DFAR Dimensional US Real Est ETF | Reduce -5.6% | 9.00% | −1.44 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.3% | 5.33% | −0.52 |
| SPEM State Street SP PTF Em ETF | Reduce -3.2% | 3.81% | −0.40 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −0.21 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.20 |
| BSCT Invesco Bulletshares 2029 CB | Sold out | 0.00% | −0.20 |
| AVEM Avantis Emerging Markets Eq | Reduce -0.7% | 1.94% | −0.19 |
| BSCR Invesco Bulletshares 2027 CB | Sold out | 0.00% | −0.19 |
| IWB iShares Russell 1000 ETF | Reduce -5.3% | 7.34% | −0.18 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.15 |
| SXT Sensient Technologies Corp. | Reduce -1.2% | 0.54% | −0.07 |
| USRT iShares Core US REIT ETF | Reduce -4.5% | 0.36% | −0.04 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -9.7% | 0.20% | −0.02 |
| IWD iShares Russell 1000 Value E | Reduce -1.7% | 0.67% | −0.02 |
| SPHY SS SPDR P High Yield ETF | Reduce -1.1% | 0.65% | −0.02 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -0.4% | 0.32% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -3.7% | 1.02% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -1.2% | 0.43% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.0% | 0.48% | +0.01 |
| IWF iShares Russell 1000 Growth | Reduce -1.2% | 1.06% | +0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +3.2% | 44.73% | +2.58 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +4.1% | 14.36% | +0.83 |
| MSFT Microsoft Corp. | New | 0.19% | +0.19 |
| XOM Exxon Mobil Corp. | New | 0.17% | +0.17 |
| AAPL Apple Inc. | Add +31.7% | 0.32% | +0.10 |
| CVX Chevron Corp. | New | 0.03% | +0.03 |
| ABT Abbott Laboratories | Add +5.1% | 0.15% | +0.01 |
| ABBV Abbvie Inc. | Add +8.8% | 0.24% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.2% | 1.27% | −0.01 |
| SO The Southern Co. | Add +1.8% | 0.15% | −0.01 |
Options Activity Q3 2024 → Q4 2024
| CVX Chevron Corp. | put | New | 2,500 | $362K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |