# Brown Advisory Securities, LLC

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1389479. Source: https://holderbook.com/funds/1389479-brown-advisory-securities-llc/

- Reported value: $27.3M
- Positions: 52
- Weight of the ten largest: 48.9%
- Filed: 2022-11-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.5M | 24,951 | 12.6% | 16 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $1.6M | 21,950 | 5.7% | 16 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.3M | 4,732 | 4.9% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.3M | 5,020 | 4.9% | 16 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.3M | 15,471 | 4.9% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.3M | 5,507 | 4.7% | 16 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $880.0K | 6,555 | 3.2% | 16 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $812.0K | 8,605 | 3.0% | 16 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $724.0K | 6,398 | 2.6% | 16 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $636.0K | 1,775 | 2.3% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $563.0K | 5,886 | 2.1% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $558.0K | 5,803 | 2.0% | 16 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $514.0K | 1,992 | 1.9% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $487.0K | 2,973 | 1.8% | 16 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $461.0K | 3,852 | 1.7% | 16 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $444.0K | 3,731 | 1.6% | 16 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $435.0K | 3,000 | 1.6% | 11 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $423.0K | 3,789 | 1.5% | 16 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $422.0K | 6,798 | 1.5% | 16 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $420.0K | 4,799 | 1.5% | 16 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $416.0K | 4,956 | 1.5% | 13 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $414.0K | 876 | 1.5% | 16 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $413.0K | 3,942 | 1.5% | 16 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $408.0K | 1,861 | 1.5% | 16 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $402.0K | 1,454 | 1.5% | 16 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $400.0K | 5,341 | 1.5% | 16 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $398.0K | 1,848 | 1.5% | 16 |
| FIRST TR EXCHANGE-TRADED FD | [FBT](https://holderbook.com/stocks/FBT/) | $384.0K | 2,905 | 1.4% | 16 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $370.0K | 2,900 | 1.4% | 16 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $370.0K | 15,397 | 1.4% | 16 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $352.0K | 6,916 | 1.3% | 16 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $346.0K | 2,408 | 1.3% | 16 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $341.0K | 5,092 | 1.2% | 16 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $274.0K | 2,263 | 1.0% | 16 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $248.0K | 3,475 | 0.9% | 16 |
| FIRST TR EXCH TRADED FD III | [FPE](https://holderbook.com/stocks/FPE/) | $246.0K | 14,736 | 0.9% | 16 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $245.0K | 540 | 0.9% | 16 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $242.0K | 2,265 | 0.9% | 16 |
| VOYA FINANCIAL INC | [VOYA](https://holderbook.com/stocks/VOYA/) | $241.0K | 4,000 | 0.9% | 16 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $229.0K | 974 | 0.8% | 10 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $227.0K | 2,366 | 0.8% | 16 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $223.0K | 5,586 | 0.8% | 16 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $223.0K | 1,192 | 0.8% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $220.0K | 1,227 | 0.8% | 16 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $218.0K | 792 | 0.8% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $216.0K | 1,593 | 0.8% | 16 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $216.0K | 3,478 | 0.8% | 16 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $216.0K | 1,718 | 0.8% | 16 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $209.0K | 584 | 0.8% | 16 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $207.0K | 6,810 | 0.8% | 16 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $203.0K | 902 | 0.7% | 16 |
| OAKTREE SPECIALTY LENDING CO | [OCSL](https://holderbook.com/stocks/OCSL/) | $135.0K | 22,578 | 0.5% | 16 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2022 | -5.3% | -5.3% | +0.1% | 100% |
| Q2 2022 | -15.0% | -16.5% | +1.5% | 100% |
| Q1 2022 | -4.5% | -4.9% | +0.4% | 100% |
| Q4 2021 | +9.3% | +10.7% | -1.4% | 100% |
| Q3 2021 | -0.3% | +0.3% | -0.5% | 100% |
| Q2 2021 | +8.9% | +8.0% | +0.9% | 100% |
| Q1 2021 | +4.2% | +6.0% | -1.8% | 100% |
| Q4 2020 | +11.8% | +11.6% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $27.3M | 52 |
| Q2 2022 | $105.8M | 140 |
| Q1 2022 | $170.9M | 171 |
| Q4 2021 | $234.9M | 217 |
| Q3 2021 | $337.9M | 239 |
| Q2 2021 | $638.5M | 256 |
| Q1 2021 | $588.6M | 250 |
| Q4 2020 | $584.8M | 249 |
| Q3 2020 | $490.9M | 233 |
| Q2 2020 | $468.9M | 232 |
| Q1 2020 | $390.2M | 226 |
| Q4 2019 | $418.1M | 243 |