# Brown Financial Advisors

> Institutional holdings reported to the SEC as of Q1 2026 on Form 13F. CIK 2035548. Source: https://holderbook.com/funds/2035548-brown-financial-advisors/

- Reported value: $264.0M
- Positions: 209
- Weight of the ten largest: 26.8%
- Filed: 2026-05-15

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 |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $15.9M | 208,257 | 6.0% | 8 |
| DOUBLELINE ETF TRUST | [DMBS](https://holderbook.com/stocks/DMBS/) | $10.1M | 203,658 | 3.8% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.3M | 30,457 | 2.4% | 8 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $6.2M | 73,045 | 2.3% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $6.1M | 34,825 | 2.3% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.7M | 15,510 | 2.2% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.4M | 18,745 | 2.0% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.2M | 20,399 | 2.0% | 8 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $5.1M | 111,193 | 1.9% | 8 |
| BONDBLOXX ETF TRUST | [XFIV](https://holderbook.com/stocks/XFIV/) | $4.9M | 99,566 | 1.9% | 8 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $4.6M | 56,622 | 1.7% | 8 |
| COLUMBIA ETF TR I | [RECS](https://holderbook.com/stocks/RECS/) | $4.5M | 114,795 | 1.7% | 5 |
| JANUS DETROIT STR TR | [JMBS](https://holderbook.com/stocks/JMBS/) | $4.1M | 91,583 | 1.6% | 8 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $4.0M | 79,022 | 1.5% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.9M | 6,857 | 1.5% | 8 |
| BONDBLOXX ETF TRUST | [BBBS](https://holderbook.com/stocks/BBBS/) | $3.8M | 73,575 | 1.4% | 8 |
| DOUBLELINE ETF TRUST | [DABS](https://holderbook.com/stocks/DABS/) | $3.7M | 72,812 | 1.4% | 5 |
| BONDBLOXX ETF TRUST | [XSVN](https://holderbook.com/stocks/XSVN/) | $3.4M | 70,944 | 1.3% | 8 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $3.3M | 13,797 | 1.2% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.1M | 21,732 | 1.2% | 8 |
| BONDBLOXX ETF TRUST | [XTRE](https://holderbook.com/stocks/XTRE/) | $3.0M | 60,912 | 1.1% | 8 |
| AIM ETF PRODUCTS TRUST ALLIANZIM US EQUITY BUFFER15 UNCAPPED SE | [SEPU](https://holderbook.com/stocks/SEPU/) | $2.8M | 100,290 | 1.1% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.8M | 8,973 | 1.1% | 8 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $2.7M | 3,193 | 1.0% | 8 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $2.7M | 28,995 | 1.0% | 8 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.6M | 12,788 | 1.0% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.6M | 8,976 | 1.0% | 8 |
| BONDBLOXX ETF TRUST | [XTEN](https://holderbook.com/stocks/XTEN/) | $2.6M | 57,064 | 1.0% | 6 |
| BONDBLOXX ETF TRUST | [PCMM](https://holderbook.com/stocks/PCMM/) | $2.6M | 52,730 | 1.0% | 5 |
| ISHARES U S ETF TR | [IETC](https://holderbook.com/stocks/IETC/) | $2.6M | 28,966 | 1.0% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $2.5M | 15,130 | 0.9% | 8 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $2.4M | 49,281 | 0.9% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.2M | 17,931 | 0.8% | 8 |
| INVESCO ACTIVELY MANAGED EXC | [GSY](https://holderbook.com/stocks/GSY/) | $2.2M | 44,280 | 0.8% | 8 |
| ANGEL OAK FUNDS TRUST | [UYLD](https://holderbook.com/stocks/UYLD/) | $2.2M | 43,303 | 0.8% | 3 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $2.2M | 18,139 | 0.8% | 8 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $2.1M | 39,013 | 0.8% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.9M | 3,980 | 0.7% | 8 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.9M | 6,194 | 0.7% | 8 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.9M | 6,908 | 0.7% | 8 |
| NEOS ETF TRUST | [SPYI](https://holderbook.com/stocks/SPYI/) | $1.9M | 37,677 | 0.7% | 8 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.9M | 21,380 | 0.7% | 8 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.8M | 23,411 | 0.7% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.7M | 5,563 | 0.7% | 8 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.7M | 16,679 | 0.6% | 8 |
| VANECK ETF TRUST | [SMOT](https://holderbook.com/stocks/SMOT/) | $1.7M | 48,460 | 0.6% | 8 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.7M | 4,682 | 0.6% | 7 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $1.7M | 57,807 | 0.6% | 5 |
| PIMCO ETF TR | [PRFD](https://holderbook.com/stocks/PRFD/) | $1.6M | 31,961 | 0.6% | 8 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.6M | 16,834 | 0.6% | 8 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.6M | 6,522 | 0.6% | 8 |
| INVESCO GALAXY BITCOIN ETF | [BTCO](https://holderbook.com/stocks/BTCO/) | $1.6M | 23,532 | 0.6% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.6M | 6,579 | 0.6% | 8 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $1.5M | 13,829 | 0.6% | 4 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.5M | 11,644 | 0.6% | 8 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.5M | 31,328 | 0.6% | 8 |
| SSGA ACTIVE TR | [PRIV](https://holderbook.com/stocks/PRIV/) | $1.5M | 59,442 | 0.6% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.4M | 8,975 | 0.5% | 8 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $1.4M | 15,106 | 0.5% | 8 |
| FIRST TR EXCHANGE-TRADED FD | [FTSM](https://holderbook.com/stocks/FTSM/) | $1.4M | 22,804 | 0.5% | 8 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $1.3M | 2,430 | 0.5% | 8 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $1.3M | 1,831 | 0.5% | 8 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.3M | 14,823 | 0.5% | 8 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.3M | 12,484 | 0.5% | 4 |
| COHEN & STEERS ETF TRUST | [CSNR](https://holderbook.com/stocks/CSNR/) | $1.3M | 35,188 | 0.5% | 5 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.3M | 6,044 | 0.5% | 6 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $1.3M | 49,607 | 0.5% | 8 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $1.2M | 2,093 | 0.5% | 3 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $1.2M | 7,380 | 0.5% | 8 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.2M | 4,498 | 0.5% | 8 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.2M | 9,304 | 0.4% | 6 |
| PROSHARES TR | [TOLZ](https://holderbook.com/stocks/TOLZ/) | $1.1M | 18,775 | 0.4% | 5 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $1.1M | 17,863 | 0.4% | 6 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.1M | 11,497 | 0.4% | 8 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $1.1M | 1,086 | 0.4% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1M | 1,068 | 0.4% | 8 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.1M | 10,116 | 0.4% | 8 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $1.0M | 8,007 | 0.4% | 8 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $1.0M | 6,206 | 0.4% | 5 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.0M | 23,054 | 0.4% | 8 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.0M | 6,511 | 0.4% | 2 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $956.0K | 2,141 | 0.4% | 4 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $950.9K | 15,142 | 0.4% | 8 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $893.4K | 1,938 | 0.3% | 2 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $887.7K | 2,239 | 0.3% | 6 |
| NEOS ETF TRUST | [CSHI](https://holderbook.com/stocks/CSHI/) | $835.7K | 16,787 | 0.3% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $830.6K | 903 | 0.3% | 2 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $824.0K | 13,132 | 0.3% | 8 |
| INSULET CORP | [PODD](https://holderbook.com/stocks/PODD/) | $807.3K | 3,847 | 0.3% | 4 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $796.6K | 21,202 | 0.3% | 8 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $762.8K | 3,868 | 0.3% | 1 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $734.6K | 2,047 | 0.3% | 3 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $705.3K | 534 | 0.3% | 2 |
| KEYCORP | [KEY](https://holderbook.com/stocks/KEY/) | $674.6K | 33,647 | 0.3% | 2 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $659.0K | 8,180 | 0.2% | 2 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $626.3K | 4,332 | 0.2% | 2 |
| AIM ETF PRODUCTS TRUST | [FEBT](https://holderbook.com/stocks/FEBT/) | $601.2K | 16,050 | 0.2% | 4 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $598.4K | 22,751 | 0.2% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $586.4K | 3,457 | 0.2% | 8 |
| SPDR SERIES TRUST | [SPTS](https://holderbook.com/stocks/SPTS/) | $565.6K | 19,382 | 0.2% | 5 |

## 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 |
|---|---|---|---|---|
| Q1 2026 | -2.3% | -4.6% | +2.3% | 100% |
| Q4 2025 | +1.0% | +2.4% | -1.3% | 100% |
| Q3 2025 | +5.0% | +7.8% | -2.8% | 99% |
| Q2 2025 | +7.4% | +10.5% | -3.0% | 100% |
| Q1 2025 | -1.8% | -4.6% | +2.7% | 100% |
| Q4 2024 | -0.5% | +2.1% | -2.7% | 100% |
| Q3 2024 | +5.3% | +5.4% | -0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2026 | $264.0M | 209 |
| Q4 2025 | $273.2M | 152 |
| Q3 2025 | $270.7M | 147 |
| Q2 2025 | $256.2M | 138 |
| Q1 2025 | $242.5M | 130 |
| Q4 2024 | $249.0M | 125 |
| Q3 2024 | $242.9M | 125 |
| Q2 2024 | $223.8M | 219 |