Brown Financial Advisory

Q3 2025 13F-HR Holdings

Location
Fairhope, AL
Holdings as of
9/30/2025
Date filed
10/27/2025
Form type
13F-HR
Num holdings
55
Total value ($000)
$190,968
Net value change ($000)
+9,755 (5.4%)
New positions
1
Sold out positions
1
Turnover %
0.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/28/2025 Next filing: 1/29/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SPYM 5,496 7.3%
VB 2,583 9.3%
DEXC 1,327 7.0%
IWB 700 7.0%
SPDW 379 4.2%
AAPL 255 21.9%
CAT 218 NEW
VONE 205 6.1%
IWF 195 9.4%
ABBV 171 24.8%
Top Reduces (Value $000, Stocks/ETFs)
SPAB -1,824 -81.8%
DFAR -432 -11.1%
PRF -211 -100.0%
USRT -136 -35.1%
FBND -84 -11.3%
SO -83 -22.4%
MGV -55 -20.1%
SPEM -43 -2.4%
SXT -31 -4.8%
USFR -28 -11.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type