Brown Financial Advisory

Q4 2025 13F-HR Holdings

Location
Fairhope, AL
Holdings as of
12/31/2025
Date filed
1/29/2026
Form type
13F-HR
Num holdings
56
Total value ($000)
$197,854
Net value change ($000)
+6,886 (3.6%)
New positions
2
Sold out positions
1
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/27/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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 4,367 5.4%
DEXC 2,017 9.9%
VB 1,618 5.3%
GOOGL 251 NEW
GOOGL 201 NEW
AAPL 97 6.8%
AVDE 88 4.4%
VONE 79 2.2%
WMT 43 8.0%
CAT 43 19.7%
Top Reduces (Value $000, Stocks/ETFs)
DFAR -727 -20.9%
SPDW -264 -2.8%
IWB -208 -1.9%
HYS -206 -100.0%
IWD -200 -19.3%
IWF -195 -8.6%
MSFT -88 -5.2%
VTI -87 -11.4%
HD -50 -10.0%
USRT -23 -9.2%
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