Brown Financial Advisory

CIK 0001843853 · Q2 2026

13F Equity AUM

$239.4M

+18.7% QoQ

Positions

0 QoQ

AUM Rank

#7,388

Top 59%

Skill Alpha (FF)

-1.4%/yr^ns

No Clear Edge

Rank #4,954 · Top 60%

vs S&P -2.9%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 84.8%Top 10: 91.2%Top 20: 95.4%

SPYM42.3%

VB18.7%

DEXC14.8%

IWB4.7%

SPDW4.3%

VONE3.0%

AVDE0.9%

BRK/B0.9%

IWF0.9%

IVV0.7%

Others (39)8.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services96.9%

Other3.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 49Median: 0.21%Avg: 2.04%

0–0.5%

37(7.7%)

0.5–1%

6(4.5%)

1–3%

1(3.0%)

3–5%

2(9.0%)

5%+

3(75.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 49vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Loading overlap analysis...

Position Changes This Quarter

New4Increased6Decreased22Exited4

New Positions

COKE0.2%

+3K

GOOGL0.1%

+657

VOO0.1%

+335

VEU0.1%

+3K

Increased

SPYM42.3%

+72K(+7%)

IWF0.9%

+12K(+279%)

VB18.7%

+6K(+5%)

SPHY0.5%

+3K(+7%)

DEXC14.8%

+2K(+1%)

XOM0.1%

+1(+0%)

Decreased

FNDX0.2%

-5,414(-27%)

SSF0.2%

-2,028(-31%)

SPDW4.3%

-1,660(-1%)

USMV0.2%

-1,398(-22%)

WMT0.2%

-1,315(-28%)

VYM0.3%

-1,222(-19%)

AAPL0.5%

-704(-14%)

NVDA0.2%

-666(-21%)

ABBV0.3%

-419(-11%)

JPM0.1%

-372(-30%)

Exited

-11,473

-3,798

-7,401

-5,029

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...