Brown Financial Advisory

FAIRHOPE, AL

$239m in 49 US stocks at the end of 30 June 2026. The top 10 are 91.2% of the money. It changed about 3.3% of the portfolio this quarter.

Value

$239m

Stocks

Top 10 share

91.2%

Turnover

3.3%

What changed this quarter

New

Bought for the first time this quarter.

Coca-Cola ConsolidatedCOKE
0.2% of the fund
AlphabetGOOGL
<0.1% of the fund
Vanguard Index FDSVOO
<0.1% of the fund
Vanguard Intl Equity Index FVEU
<0.1% of the fund

Added

Bought more of a stock they already held.

Spdr Series TrustSPYM
42.3% of the fund
+7%
Vanguard Index FDSVB
18.7% of the fund
+5%
Spdr Series TrustSPHY
0.5% of the fund
+7%

Cut

Sold some of their stake.

Berkshire HathawayBRK-B
0.9% of the fund
-3%
Ishares TRIWF
0.9% of the fund
-5%
AppleAAPL
0.5% of the fund
-14%
MicrosoftMSFT
0.5% of the fund
-8%
AbbVieABBV
0.3% of the fund
-11%
Vanguard Whitehall FDSVYM
0.3% of the fund
-19%
Sensient TechnologiesSXT
0.2% of the fund
-31%
State STR Spdr S&P 500 ETF TSPY
0.2% of the fund
-3%
Amazon.comAMZN
0.2% of the fund
-8%
Ishares TRIWM
0.2% of the fund
-4%
Ishares TRUSMV
0.2% of the fund
-22%
NvidiaNVDA
0.2% of the fund
-21%
Schwab Strategic TRFNDX
0.2% of the fund
-27%
WalmartWMT
0.2% of the fund
-28%
Home DepotHD
0.1% of the fund
-18%
JPMorgan ChaseJPM
0.1% of the fund
-30%
Vanguard Index FDSVOE
0.1% of the fund
-16%
Spdr Series TrustQUS
<0.1% of the fund
-12%

Sold out

Sold their entire stake.

Fidelity Merrimack STR TRFBND
-100%
Invesco Exchange Traded FD TXMHQ
-100%
Ishares TRIQLT
-100%
Vanguard Scottsdale FDSVGSH
-100%

Holdings

Spdr Series TrustSPYM
Share
42.3%
Value
$101m
Shares
1,151,975
+7%
Vanguard Index FDSVB
Share
18.7%
Value
$45m
Shares
147,831
+5%
Dimensional EmergingDEXC
Share
14.8%
Value
$35m
Shares
429,629
Held
Ishares TRIWB
Share
4.6%
Value
$11m
Shares
27,165
Held
Spdr Index SHS FDSSPDW
Share
4.3%
Value
$10m
Shares
206,062
Held
Vanguard Scottsdale FDSVONE
Share
3.0%
Value
$7m
Shares
21,172
Held
American Centy ETF TRAVDE
Share
1.0%
Value
$2m
Shares
25,603
Held
Berkshire HathawayBRK-B
Share
0.9%
Value
$2m
Shares
4,135
-3%
Ishares TRIWF
Share
0.9%
Value
$2m
Shares
16,563
-5%
Ishares TRIVV
Share
0.7%
Value
$2m
Shares
2,236
Held
Spdr Index SHS FDSSPEM
Share
0.6%
Value
$1m
Shares
28,757
Held
AppleAAPL
Share
0.5%
Value
$1m
Shares
4,253
-14%
MicrosoftMSFT
Share
0.5%
Value
$1m
Shares
3,014
-8%
Spdr Series TrustSPHY
Share
0.5%
Value
$1m
Shares
45,996
+7%
Vanguard Tax-Managed FDSVEA
Share
0.4%
Value
$1m
Shares
15,092
Held
Ishares TRIWD
Share
0.4%
Value
$957,239
Shares
3,949
Held
AbbVieABBV
Share
0.3%
Value
$831,264
Shares
3,303
-11%
Vanguard Whitehall FDSVYM
Share
0.3%
Value
$801,873
Shares
5,074
-19%
Vanguard Index FDSVTI
Share
0.3%
Value
$777,825
Shares
2,102
Held
Spdr Series TrustSPSM
Share
0.3%
Value
$653,459
Shares
11,331
Held
Sensient TechnologiesSXT
Share
0.2%
Value
$561,093
Shares
4,551
-31%
State STR Spdr S&P 500 ETF TSPY
Share
0.2%
Value
$555,477
Shares
744
-3%
Amazon.comAMZN
Share
0.2%
Value
$552,473
Shares
2,318
-8%
Ishares TRIWM
Share
0.2%
Value
$520,380
Shares
1,732
-4%
Coca-Cola ConsolidatedCOKE
Share
0.2%
Value
$492,574
Shares
2,580
New
Ishares TRUSMV
Share
0.2%
Value
$487,534
Shares
5,054
-22%
NvidiaNVDA
Share
0.2%
Value
$487,472
Shares
2,436
-21%
Vanguard Intl Equity Index FVWO
Share
0.2%
Value
$476,924
Shares
7,990
Held
Schwab Strategic TRFNDX
Share
0.2%
Value
$458,205
Shares
14,733
-27%
CaterpillarCAT
Share
0.2%
Value
$436,652
Shares
410
Held
Invesco Exch TRD SLF IDX FDBSCR
Share
0.2%
Value
$422,684
Shares
21,549
Held
Invesco Exch TRD SLF IDX FDBSCS
Share
0.2%
Value
$422,248
Shares
20,734
Held
Invesco Exch TRD SLF IDX FDBSCT
Share
0.2%
Value
$422,210
Shares
22,730
Held
Spdr Series TrustSPAB
Share
0.2%
Value
$402,068
Shares
15,755
Held
WalmartWMT
Share
0.2%
Value
$386,792
Shares
3,415
-28%
LoewsL
Share
0.2%
Value
$382,311
Shares
3,377
Held
Vanguard Index FDSVXF
Share
0.2%
Value
$366,214
Shares
1,487
Held
Vanguard Scottsdale FDSVTWO
Share
0.1%
Value
$357,825
Shares
2,947
Held
American Centy ETF TRAVEM
Share
0.1%
Value
$357,592
Shares
3,706
Held
Home DepotHD
Share
0.1%
Value
$347,660
Shares
986
-18%
Southern CompanySO
Share
0.1%
Value
$281,829
Shares
2,945
Held
JPMorgan ChaseJPM
Share
0.1%
Value
$281,105
Shares
859
-30%
AlphabetGOOG
Share
0.1%
Value
$270,980
Shares
767
Held
Vanguard Index FDSVOE
Share
0.1%
Value
$252,388
Shares
1,277
-16%
AlphabetGOOGL
Share
<0.1%
Value
$234,956
Shares
657
New
Vanguard Index FDSVOO
Share
<0.1%
Value
$229,773
Shares
335
New
ExxonMobil HoldingsXOM
Share
<0.1%
Value
$222,099
Shares
1,624
Held
Spdr Series TrustQUS
Share
<0.1%
Value
$215,879
Shares
1,155
-12%
Vanguard Intl Equity Index FVEU
Share
<0.1%
Value
$210,423
Shares
2,513
New

Company	Share of fund	Value	Shares	Change
Spdr Series TrustSPYM	42.3%	$101m	1,151,975	+7%
Vanguard Index FDSVB	18.7%	$45m	147,831	+5%
Dimensional EmergingDEXC	14.8%	$35m	429,629	Held
Ishares TRIWB	4.6%	$11m	27,165	Held
Spdr Index SHS FDSSPDW	4.3%	$10m	206,062	Held
Vanguard Scottsdale FDSVONE	3.0%	$7m	21,172	Held
American Centy ETF TRAVDE	1.0%	$2m	25,603	Held
Berkshire HathawayBRK-B	0.9%	$2m	4,135	-3%
Ishares TRIWF	0.9%	$2m	16,563	-5%
Ishares TRIVV	0.7%	$2m	2,236	Held
Spdr Index SHS FDSSPEM	0.6%	$1m	28,757	Held
AppleAAPL	0.5%	$1m	4,253	-14%
MicrosoftMSFT	0.5%	$1m	3,014	-8%
Spdr Series TrustSPHY	0.5%	$1m	45,996	+7%
Vanguard Tax-Managed FDSVEA	0.4%	$1m	15,092	Held
Ishares TRIWD	0.4%	$957,239	3,949	Held
AbbVieABBV	0.3%	$831,264	3,303	-11%
Vanguard Whitehall FDSVYM	0.3%	$801,873	5,074	-19%
Vanguard Index FDSVTI	0.3%	$777,825	2,102	Held
Spdr Series TrustSPSM	0.3%	$653,459	11,331	Held
Sensient TechnologiesSXT	0.2%	$561,093	4,551	-31%
State STR Spdr S&P 500 ETF TSPY	0.2%	$555,477	744	-3%
Amazon.comAMZN	0.2%	$552,473	2,318	-8%
Ishares TRIWM	0.2%	$520,380	1,732	-4%
Coca-Cola ConsolidatedCOKE	0.2%	$492,574	2,580	New
Ishares TRUSMV	0.2%	$487,534	5,054	-22%
NvidiaNVDA	0.2%	$487,472	2,436	-21%
Vanguard Intl Equity Index FVWO	0.2%	$476,924	7,990	Held
Schwab Strategic TRFNDX	0.2%	$458,205	14,733	-27%
CaterpillarCAT	0.2%	$436,652	410	Held
Invesco Exch TRD SLF IDX FDBSCR	0.2%	$422,684	21,549	Held
Invesco Exch TRD SLF IDX FDBSCS	0.2%	$422,248	20,734	Held
Invesco Exch TRD SLF IDX FDBSCT	0.2%	$422,210	22,730	Held
Spdr Series TrustSPAB	0.2%	$402,068	15,755	Held
WalmartWMT	0.2%	$386,792	3,415	-28%
LoewsL	0.2%	$382,311	3,377	Held
Vanguard Index FDSVXF	0.2%	$366,214	1,487	Held
Vanguard Scottsdale FDSVTWO	0.1%	$357,825	2,947	Held
American Centy ETF TRAVEM	0.1%	$357,592	3,706	Held
Home DepotHD	0.1%	$347,660	986	-18%
Southern CompanySO	0.1%	$281,829	2,945	Held
JPMorgan ChaseJPM	0.1%	$281,105	859	-30%
AlphabetGOOG	0.1%	$270,980	767	Held
Vanguard Index FDSVOE	0.1%	$252,388	1,277	-16%
AlphabetGOOGL	<0.1%	$234,956	657	New
Vanguard Index FDSVOO	<0.1%	$229,773	335	New
ExxonMobil HoldingsXOM	<0.1%	$222,099	1,624	Held
Spdr Series TrustQUS	<0.1%	$215,879	1,155	-12%
Vanguard Intl Equity Index FVEU	<0.1%	$210,423	2,513	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 32.1% since 30 June 2025.

Where the money is

Technology1.2%

Financial services1.1%

Retail & consumer0.4%

Everyday goods0.4%

Health care0.3%

Materials0.2%

Media & telecom0.2%

Industrials0.2%

Utilities0.1%

Energy0.1%

Other95.7%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.