Brown Financial Advisory
Long book
$201.6M
Q1 2026
Positions
49
Top-10 weight
89%
concentration
Last quarter
+18.6%
SPY +18.6%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsBrown Financial Advisory is a wealth-management firm allocating client money, running a $201.6M US long book across 49 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: STE STR SPDR PT S&P 500 ETF, VANGUARD SMALL-CAP ETF, DIMENSIONAL EM EX CCE ETF, ISHARES RUSSELL 1000 ETF, STE STR SPDR PT DW EU ETF.
Over the last 9 quarters its long book ran on average 0pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.0%
Q2 2024
+7.9%
Q3 2024
-0.3%
Q4 2024
-2.5%
Q1 2025
+9.6%
Q2 2025
+7.2%
Q3 2025
+2.9%
Q4 2025
-1.3%
Q1 2026
+18.6%
Sector allocation
Technology 33%
Financials 28%
Consumer discretionary 16%
Healthcare 8%
Other 6%
Industrials 3%
Utilities 3%
Energy 3%
Long book by quarter
What does Brown Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.3K | $2.1M | 1.0% | -1.3% |
| AAPL APPLE INC | Technology | 5.0K | $1.3M | 0.6% | -11.3% |
| MSFT MICROSOFT CORP | Technology | 3.3K | $1.2M | 0.6% | -1.8% |
| ABBV ABBVIE INC | Healthcare | 3.7K | $810K | 0.4% | +0.2% |
| WMT WALMART INC | Consumer discretionary | 4.7K | $588K | 0.3% | -9.5% |
| SXT SENSIENT TECHNOLOGIES CORP | Other | 6.6K | $569K | 0.3% | Held |
| NVDA NVIDIA CORP | Technology | 3.1K | $541K | 0.3% | -5.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.5K | $527K | 0.3% | -0.5% |
| HD HOME DEPOT INC | Consumer discretionary | 1.2K | $398K | 0.2% | -7.8% |
| JPM JPMORGAN CHASE & CO | Financials | 1.2K | $362K | 0.2% | +1.0% |
| L LOEWS CORP | Financials | 3.4K | $360K | 0.2% | Held |
| CAT CATERPILLAR INC | Industrials | 410 | $290K | 0.1% | -10.1% |
| SO SOUTHERN CO/THE | Utilities | 3.0K | $285K | 0.1% | -3.0% |
| XOM EXXON MOBIL CORP | Energy | 1.6K | $275K | 0.1% | New |
| GOOG ALPHABET INC-CL C | Technology | 767 | $220K | 0.1% | -4.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 49 | $201.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 56 | $197.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 55 | $191.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 55 | $181.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 52 | $160.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 35 | $140.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 36 | $141.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 32 | $130.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 25, 2024 | 32 | $128.7M | canonical | SEC ↗ |