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Brown Financial Advisory

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13F filer, CIK 1843853, FAIRHOPE, AL

Brown Financial Advisory reported $201,644,295 across 49 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-04-27. Its ten largest share positions make up 89.5% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001843853-26-000002

Period
2026-03-31
Reported value
$202M
Holdings
49
Top 10 weight
89.5%
New
2
Sold out
9

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VBadded+17,345$4.54M
DEXCadded+57,593$3.74M
VONEadded+9,380$2.77M
SPYMadded+23,817$1.82M
VEAadded+7,189$461K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
DFARexited-119,825-$2.74M
MGCexited-2,334-$586K
VNQexited-5,087-$450K
SPEMreduced-8,985-$421K
VYMreduced-1,954-$289K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001843853-26-000002, largest first. % of portfolio is the value over $201,644,295, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPYMSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 882,589 shares; 2024Q4: 911,088 shares; 2025Q1: 963,502 shares; 2025Q2: 1,029,929 shares; 2025Q3: 1,025,811 shares; 2025Q4: 1,056,203 shares; 2026Q1: 1,080,020 shares 1,080,020$82.7M41%+23,817Timeline
VBVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 80,614 shares; 2024Q4: 83,936 shares; 2025Q1: 100,508 shares; 2025Q2: 117,257 shares; 2025Q3: 119,437 shares; 2025Q4: 124,007 shares; 2026Q1: 141,352 shares 141,352$37M18.36%+17,345Timeline
DEXCDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 334,602 shares; 2025Q2: 348,784 shares; 2025Q3: 359,973 shares; 2025Q4: 369,748 shares; 2026Q1: 427,341 shares 427,341$27.7M13.75%+57,593Timeline
IWBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 33,774 shares; 2024Q4: 31,979 shares; 2025Q1: 29,504 shares; 2025Q2: 29,407 shares; 2025Q3: 29,240 shares; 2025Q4: 28,058 shares; 2026Q1: 27,359 shares 27,359$9.75M4.84%-699Timeline
SPDWSPDR INDEX SHS FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 220,111 shares; 2024Q4: 219,460 shares; 2025Q1: 231,973 shares; 2025Q2: 223,341 shares; 2025Q3: 220,182 shares; 2025Q4: 206,217 shares; 2026Q1: 207,722 shares 207,722$9.48M4.7%+1,505Timeline
VONEVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 12,094 shares; 2024Q4: 12,094 shares; 2025Q1: 11,997 shares; 2025Q2: 11,985 shares; 2025Q3: 11,810 shares; 2025Q4: 11,810 shares; 2026Q1: 21,190 shares 21,190$6.25M3.1%+9,380Timeline
AVDEAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 28,078 shares; 2024Q4: 28,078 shares; 2025Q1: 25,603 shares; 2025Q2: 25,603 shares; 2025Q3: 25,603 shares; 2025Q4: 25,603 shares; 2026Q1: 25,603 shares 25,603$2.17M1.08%0Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,927 shares; 2024Q4: 3,934 shares; 2025Q1: 4,177 shares; 2025Q2: 4,346 shares; 2025Q3: 4,346 shares; 2025Q4: 4,336 shares; 2026Q1: 4,281 shares 4,281$2.05M1.02%-55Timeline
IWFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,737 shares; 2024Q4: 3,691 shares; 2025Q1: 4,771 shares; 2025Q2: 4,869 shares; 2025Q3: 4,830 shares; 2025Q4: 4,367 shares; 2026Q1: 4,367 shares 4,367$1.86M0.92%0Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,537 shares; 2024Q4: 2,444 shares; 2025Q1: 2,416 shares; 2025Q2: 2,391 shares; 2025Q3: 2,375 shares; 2025Q4: 2,336 shares; 2026Q1: 2,274 shares 2,274$1.49M0.74%-62Timeline
SPEMSPDR INDEX SHS FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 144,152 shares; 2024Q4: 139,501 shares; 2025Q1: 47,452 shares; 2025Q2: 42,338 shares; 2025Q3: 37,742 shares; 2025Q4: 37,742 shares; 2026Q1: 28,757 shares 28,757$1.35M0.67%-8,985Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,365 shares; 2024Q4: 1,798 shares; 2025Q1: 3,770 shares; 2025Q2: 5,686 shares; 2025Q3: 5,586 shares; 2025Q4: 5,587 shares; 2026Q1: 4,957 shares 4,957$1.26M0.62%-630Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 648 shares; 2025Q1: 2,159 shares; 2025Q2: 3,213 shares; 2025Q3: 3,280 shares; 2025Q4: 3,330 shares; 2026Q1: 3,271 shares 3,271$1.21M0.6%-59Timeline
SPHYSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 39,089 shares; 2024Q4: 38,669 shares; 2025Q1: 39,448 shares; 2025Q2: 42,148 shares; 2025Q3: 42,327 shares; 2025Q4: 42,978 shares; 2026Q1: 42,842 shares 42,842$999K0.5%-136Timeline
VEAVANGUARD TAX-MANAGED FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 6,471 shares; 2024Q4: 6,471 shares; 2025Q1: 6,471 shares; 2025Q2: 7,903 shares; 2025Q3: 7,903 shares; 2025Q4: 7,903 shares; 2026Q1: 15,092 shares 15,092$967K0.48%+7,189Timeline
VYMVANGUARD WHITEHALL FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,419 shares; 2025Q2: 8,250 shares; 2025Q3: 8,250 shares; 2025Q4: 8,250 shares; 2026Q1: 6,296 shares 6,296$932K0.46%-1,954Timeline
IWDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,207 shares; 2024Q4: 5,117 shares; 2025Q1: 5,117 shares; 2025Q2: 5,117 shares; 2025Q3: 5,082 shares; 2025Q4: 3,970 shares; 2026Q1: 3,949 shares 3,949$844K0.42%-21Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,765 shares; 2024Q4: 1,920 shares; 2025Q1: 3,051 shares; 2025Q2: 3,713 shares; 2025Q3: 3,713 shares; 2025Q4: 3,713 shares; 2026Q1: 3,722 shares 3,722$810K0.4%+9Timeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,367 shares; 2024Q4: 2,344 shares; 2025Q1: 2,339 shares; 2025Q2: 2,339 shares; 2025Q3: 2,319 shares; 2025Q4: 2,009 shares; 2026Q1: 2,102 shares 2,102$674K0.33%+93Timeline
USMVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,235 shares; 2025Q2: 8,412 shares; 2025Q3: 8,412 shares; 2025Q4: 8,412 shares; 2026Q1: 6,452 shares 6,452$598K0.3%-1,960Timeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,737 shares; 2025Q2: 4,755 shares; 2025Q3: 5,226 shares; 2025Q4: 5,226 shares; 2026Q1: 4,730 shares 4,730$588K0.29%-496Timeline
SXTSENSIENT TECHNOLOGIES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 10,708 shares; 2024Q4: 10,579 shares; 2025Q1: 10,579 shares; 2025Q2: 6,579 shares; 2025Q3: 6,579 shares; 2025Q4: 6,579 shares; 2026Q1: 6,579 shares 6,579$569K0.28%0Timeline
FNDXSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 16,897 shares; 2025Q2: 25,314 shares; 2025Q3: 23,647 shares; 2025Q4: 23,647 shares; 2026Q1: 20,147 shares 20,147$561K0.28%-3,500Timeline
SPSMSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 13,663 shares; 2024Q4: 13,495 shares; 2025Q1: 13,495 shares; 2025Q2: 13,495 shares; 2025Q3: 13,495 shares; 2025Q4: 13,495 shares; 2026Q1: 11,331 shares 11,331$548K0.27%-2,164Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,796 shares; 2025Q2: 3,848 shares; 2025Q3: 3,298 shares; 2025Q4: 3,298 shares; 2026Q1: 3,102 shares 3,102$541K0.27%-196Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,193 shares; 2025Q2: 2,541 shares; 2025Q3: 2,541 shares; 2025Q4: 2,541 shares; 2026Q1: 2,528 shares 2,528$527K0.26%-13Timeline
FBNDFIDELITY MERRIMACK STR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 13,702 shares; 2025Q2: 16,287 shares; 2025Q3: 14,285 shares; 2025Q4: 14,285 shares; 2026Q1: 11,473 shares 11,473$523K0.26%-2,812Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 579 shares; 2024Q4: 579 shares; 2025Q1: 768 shares; 2025Q2: 768 shares; 2025Q3: 768 shares; 2025Q4: 765 shares; 2026Q1: 765 shares 765$497K0.25%0Timeline
IWMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,980 shares; 2024Q4: 1,980 shares; 2025Q1: 1,811 shares; 2025Q2: 1,811 shares; 2025Q3: 1,811 shares; 2025Q4: 1,811 shares; 2026Q1: 1,811 shares 1,811$449K0.22%0Timeline
VWOVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 6,267 shares; 2024Q4: 6,267 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 7,990 shares 7,990$432K0.21%newTimeline
BSCTINVESCO EXCH TRD SLF IDX FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 14,683 shares; 2024Q4: not reported; 2025Q1: 16,196 shares; 2025Q2: 22,730 shares; 2025Q3: 22,730 shares; 2025Q4: 22,730 shares; 2026Q1: 22,730 shares 22,730$424K0.21%0Timeline
BSCSINVESCO EXCH TRD SLF IDX FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 14,789 shares; 2025Q2: 20,734 shares; 2025Q3: 20,734 shares; 2025Q4: 20,734 shares; 2026Q1: 20,734 shares 20,734$423K0.21%0Timeline
BSCRINVESCO EXCH TRD SLF IDX FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 13,493 shares; 2024Q4: not reported; 2025Q1: 15,372 shares; 2025Q2: 21,549 shares; 2025Q3: 21,549 shares; 2025Q4: 21,549 shares; 2026Q1: 21,549 shares 21,549$423K0.21%0Timeline
SPABSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 18,145 shares; 2024Q4: 18,068 shares; 2025Q1: 15,755 shares; 2025Q2: 87,149 shares; 2025Q3: 15,755 shares; 2025Q4: 15,755 shares; 2026Q1: 15,755 shares 15,755$404K0.2%0Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 803 shares; 2025Q2: 1,053 shares; 2025Q3: 1,236 shares; 2025Q4: 1,311 shares; 2026Q1: 1,209 shares 1,209$398K0.2%-102Timeline
XMHQINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,425 shares; 2025Q2: 4,229 shares; 2025Q3: 3,855 shares; 2025Q4: 3,798 shares; 2026Q1: 3,798 shares 3,798$393K0.19%0Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 918 shares; 2025Q2: 1,183 shares; 2025Q3: 1,219 shares; 2025Q4: 1,219 shares; 2026Q1: 1,231 shares 1,231$362K0.18%+12Timeline
LLOEWS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,377 shares; 2024Q4: 3,377 shares; 2025Q1: 3,377 shares; 2025Q2: 3,377 shares; 2025Q3: 3,377 shares; 2025Q4: 3,377 shares; 2026Q1: 3,377 shares 3,377$360K0.18%0Timeline
IQLTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 7,436 shares; 2025Q2: 8,538 shares; 2025Q3: 8,179 shares; 2025Q4: 8,179 shares; 2026Q1: 7,401 shares 7,401$342K0.17%-778Timeline
VXFVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,487 shares; 2025Q2: 1,487 shares; 2025Q3: 1,487 shares; 2025Q4: 1,487 shares; 2026Q1: 1,487 shares 1,487$306K0.15%0Timeline
AVEMAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 46,691 shares; 2024Q4: 46,376 shares; 2025Q1: 5,559 shares; 2025Q2: 5,559 shares; 2025Q3: 5,559 shares; 2025Q4: 5,559 shares; 2026Q1: 3,706 shares 3,706$299K0.15%-1,853Timeline
VTWOVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,947 shares; 2024Q4: 2,947 shares; 2025Q1: 2,947 shares; 2025Q2: 2,947 shares; 2025Q3: 2,947 shares; 2025Q4: 2,947 shares; 2026Q1: 2,947 shares 2,947$295K0.15%0Timeline
VGSHVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,686 shares; 2025Q2: 6,015 shares; 2025Q3: 6,015 shares; 2025Q4: 6,015 shares; 2026Q1: 5,029 shares 5,029$294K0.15%-986Timeline
CATCATERPILLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 456 shares; 2025Q4: 456 shares; 2026Q1: 410 shares 410$290K0.14%-46Timeline
SOSOUTHERN COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,443 shares; 2024Q4: 2,487 shares; 2025Q1: 2,803 shares; 2025Q2: 4,043 shares; 2025Q3: 3,043 shares; 2025Q4: 3,043 shares; 2026Q1: 2,953 shares 2,953$285K0.14%-90Timeline
VOEVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,463 shares; 2025Q3: 1,463 shares; 2025Q4: 1,527 shares; 2026Q1: 1,527 shares 1,527$281K0.14%0Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,214 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,623 shares 1,623$275K0.14%newTimeline
QUSSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,720 shares; 2025Q2: 1,720 shares; 2025Q3: 1,501 shares; 2025Q4: 1,501 shares; 2026Q1: 1,308 shares 1,308$224K0.11%-193Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 800 shares; 2026Q1: 767 shares 767$220K0.11%-33Timeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
DFARDIMENSIONAL ETF TRUST119,825$2.74Mshares
MGCVANGUARD WORLD FD2,334$586Kshares
VNQVANGUARD INDEX FDS5,087$450Kshares
SCHGSCHWAB STRATEGIC TR8,240$269Kshares
USRTISHARES TR4,003$228Kshares
ABTABBOTT LABORATORIES1,804$226Kshares
MGVVANGUARD WORLD FD1,587$224Kshares
USFRWISDOMTREE TR4,127$208Kshares
GOOGLALPHABET INC641$201Kshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001843853-26-000002 base2026-04-27acceptance time not in the bulk data set