Brown Financial Advisory
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 27, 2026), Brown Financial Advisory reported 49 stock positions worth $201.6 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 41.0% of the portfolio, followed by Vanguard Most SM-Cap ETF-Usd (VB, 18.4%) and Dimensional Em Ex Cce ETF (DEXC, 13.7%). Compared with Q4 2025, it opened 2 new positions, sold out of 9, added to 9 and reduced 24. The biggest buy was Dimensional Em Ex Cce ETF (DEXC, shares +16%) and the biggest sale an exit from Dimensional US Real Est ETF (DFAR).
- Most Recent 13F
- Q2 2026
- Location
- FAIRHOPE, AL
- CIK
- 0001843853
- Portfolio Value
- $201.6M (Q1 2026)
- SEC Filing
- 0001843853-26-000002 ↗ filed Apr 27, 2026
Holdings Value
Holdings 49 stocks · $201.6M
| SPYM Ste STR SPDR PT S&P 500 ETF | 41.00% | 1,080,020 | $82.7M | Add +2.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 18.36% | 141,352 | $37.0M | Add +14.0% |
| DEXC Dimensional Em Ex Cce ETF | 13.75% | 427,341 | $27.7M | Add +15.6% |
| IWB iShares Russell 1000 ETF | 4.84% | 27,359 | $9.8M | Reduce -2.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 4.70% | 207,722 | $9.5M | Add +0.7% |
| VONE Vanguard Russell 1000 | 3.10% | 21,190 | $6.3M | Add +79.4% |
| AVDE Avantis International Equity | 1.08% | 25,603 | $2.2M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 4,281 | $2.1M | Reduce -1.3% |
| IWF iShares Russell 1000 Growth | 0.92% | 4,367 | $1.9M | No change |
| IVV iShares Core S&P 500 ETF | 0.74% | 2,274 | $1.5M | Reduce -2.6% |
| SPEM State Street SP PTF Em ETF | 0.67% | 28,757 | $1.3M | Reduce -23.8% |
| AAPL Apple Inc. | 0.62% | 4,957 | $1.3M | Reduce -11.3% |
| MSFT Microsoft Corp. | 0.60% | 3,271 | $1.2M | Reduce -1.8% |
| SPHY SS SPDR P High Yield ETF | 0.50% | 42,842 | $999K | Reduce -0.3% |
| VEA Vanguard Ftse Developed ETF | 0.48% | 15,092 | $967K | Add +91.0% |
| VYM Vanguard High DVD Yield ETF | 0.46% | 6,296 | $932K | Reduce -23.7% |
| IWD iShares Russell 1000 Value E | 0.42% | 3,949 | $844K | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.40% | 3,722 | $810K | Add +0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.33% | 2,102 | $674K | Add +4.6% |
| USMV iShares MSCI USA Min Vol Fac | 0.30% | 6,452 | $598K | Reduce -23.3% |
| WMT Walmart Inc. | 0.29% | 4,730 | $588K | Reduce -9.5% |
| SXT Sensient Technologies Corp. | 0.28% | 6,579 | $569K | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.28% | 20,147 | $561K | Reduce -14.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.27% | 11,331 | $548K | Reduce -16.0% |
| NVDA Nvidia Corp. | 0.27% | 3,102 | $541K | Reduce -5.9% |
| AMZN Amazon.com Inc. | 0.26% | 2,528 | $527K | Reduce -0.5% |
| FBND Fidelity Total Bond ETF | 0.26% | 11,473 | $523K | Reduce -19.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 765 | $497K | No change |
| IWM iShares Russell 2000 ETF | 0.22% | 1,811 | $449K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.21% | 7,990 | $432K | New |
| BSCT Invesco Bulletshares 2029 CB | 0.21% | 22,730 | $424K | No change |
| BSCS Invesco Bulletshares 2028 CB | 0.21% | 20,734 | $423K | No change |
| BSCR Invesco Bulletshares 2027 CB | 0.21% | 21,549 | $423K | No change |
| SPAB SS SPDR P Agg Bond ETF | 0.20% | 15,755 | $404K | No change |
| HD Home Depot Inc. | 0.20% | 1,209 | $398K | Reduce -7.8% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.19% | 3,798 | $393K | No change |
| JPM JPMorgan Chase & Co. | 0.18% | 1,231 | $362K | Add +1.0% |
| L Loews Corp. | 0.18% | 3,377 | $360K | No change |
| IQLT iShares MSCI International Q | 0.17% | 7,401 | $342K | Reduce -9.5% |
| VXF Vanguard Extended Market ETF | 0.15% | 1,487 | $306K | No change |
| AVEM Avantis Emerging Markets Eq | 0.15% | 3,706 | $299K | Reduce -33.3% |
| VTWO Vanguard Russell 2000 ETF | 0.15% | 2,947 | $295K | No change |
| VGSH Vanguard Short-Term Treasury | 0.15% | 5,029 | $294K | Reduce -16.4% |
| CAT Caterpillar Inc. | 0.14% | 410 | $290K | Reduce -10.1% |
| SO The Southern Co. | 0.14% | 2,953 | $285K | Reduce -3.0% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.14% | 1,527 | $281K | No change |
| XOM Exxon Mobil Corp. | 0.14% | 1,623 | $275K | New |
| QUS SS SPDR MSCI U Stratfact ETF | 0.11% | 1,308 | $224K | Reduce -12.9% |
| GOOG Alphabet Inc. Class C | 0.11% | 767 | $220K | Reduce -4.1% |
Portfolio Sells Q4 2025 → Q1 2026
| DFAR Dimensional US Real Est ETF | Sold out | 0.00% | −1.39 |
| IWB iShares Russell 1000 ETF | Reduce -2.5% | 4.84% | −0.46 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Sold out | 0.00% | −0.30 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.23 |
| SPEM State Street SP PTF Em ETF | Reduce -23.8% | 0.67% | −0.22 |
| MSFT Microsoft Corp. | Reduce -1.8% | 0.60% | −0.21 |
| AAPL Apple Inc. | Reduce -11.3% | 0.62% | −0.14 |
| VYM Vanguard High DVD Yield ETF | Reduce -23.7% | 0.46% | −0.14 |
| SCHG Schwab US Large-Cap Growth | Sold out | 0.00% | −0.14 |
| USRT iShares Core US REIT ETF | Sold out | 0.00% | −0.12 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.11 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Sold out | 0.00% | −0.11 |
| USFR Wisdomtree Floating Rate Tre | Sold out | 0.00% | −0.10 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -23.3% | 0.30% | −0.10 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.3% | 1.02% | −0.08 |
| FBND Fidelity Total Bond ETF | Reduce -19.7% | 0.26% | −0.07 |
| IVV iShares Core S&P 500 ETF | Reduce -2.6% | 0.74% | −0.07 |
| AVEM Avantis Emerging Markets Eq | Reduce -33.3% | 0.15% | −0.07 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -16.0% | 0.27% | −0.05 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -14.8% | 0.28% | −0.05 |
| NVDA Nvidia Corp. | Reduce -5.9% | 0.27% | −0.04 |
| AMZN Amazon.com Inc. | Reduce -0.5% | 0.26% | −0.04 |
| VGSH Vanguard Short-Term Treasury | Reduce -16.4% | 0.15% | −0.03 |
| HD Home Depot Inc. | Reduce -7.8% | 0.20% | −0.03 |
| QUS SS SPDR MSCI U Stratfact ETF | Reduce -12.9% | 0.11% | −0.02 |
| SPHY SS SPDR P High Yield ETF | Reduce -0.3% | 0.50% | −0.02 |
| IQLT iShares MSCI International Q | Reduce -9.5% | 0.17% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -4.1% | 0.11% | −0.02 |
| IWD iShares Russell 1000 Value E | Reduce -0.5% | 0.42% | −0.00 |
| WMT Walmart Inc. | Reduce -9.5% | 0.29% | −0.00 |
| SO The Southern Co. | Reduce -3.0% | 0.14% | +0.01 |
| CAT Caterpillar Inc. | Reduce -10.1% | 0.14% | +0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| DEXC Dimensional Em Ex Cce ETF | Add +15.6% | 13.75% | +2.44 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +14.0% | 18.36% | +2.19 |
| VONE Vanguard Russell 1000 | Add +79.4% | 3.10% | +1.26 |
| VEA Vanguard Ftse Developed ETF | Add +91.0% | 0.48% | +0.23 |
| VWO Vanguard Ftse Emerging Marke | New | 0.21% | +0.21 |
| XOM Exxon Mobil Corp. | New | 0.14% | +0.14 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +0.7% | 4.70% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | Add +4.6% | 0.33% | −0.01 |
| JPM JPMorgan Chase & Co. | Add +1.0% | 0.18% | −0.02 |
| ABBV Abbvie Inc. | Add +0.2% | 0.40% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +2.3% | 41.00% | −1.83 |
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 |