Brown Financial Advisory historic quarter change: USA ETF, Sold out
In exchange-traded fund shares (known by the fund name on the filing) (listed in the US), over 10 quarters from 2023-12-31 to 2026-06-30, Brown Financial Advisory opened 40 positions, added to 49, reduced 122 and sold out of 33.
- Q2 2026: Stock SPYM; Country of operation United States; Class STATE STREET SPD; Shares before 1,080,020.
- Q2 2026: Stock SPDW; Country of operation —; Class STATE STREET SPD; Shares before 207,722.
- Q2 2026: Stock SPEM; Country of operation —; Class STATE STREET SPD; Shares before 28,757.
- Q2 2026: Stock SPHY; Country of operation —; Class STATE STREET SPD; Shares before 42,842.
Each consecutive pair of Form 13F-HR filings compared (SEC CIK 1843853), 10 quarters: Q2 2026 (2026-03-31 to 2026-06-30, filed 2026-07-28); Q1 2026 (2025-12-31 to 2026-03-31, filed 2026-04-27); Q4 2025 (2025-09-30 to 2025-12-31, filed 2026-01-29); Q3 2025 (2025-06-30 to 2025-09-30, filed 2025-10-27); Q2 2025 (2025-03-31 to 2025-06-30, filed 2025-07-28); Q1 2025 (2024-12-31 to 2025-03-31, filed 2025-04-30); Q4 2024 (2024-09-30 to 2024-12-31, filed 2025-01-24); Q3 2024 (2024-06-30 to 2024-09-30, filed 2024-10-25); Q2 2024 (2024-03-31 to 2024-06-30, filed 2024-07-25); Q1 2024 (2023-12-31 to 2024-03-31, filed 2024-04-25). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move. Only the filings held here are compared; the firm's 13F-HR filings go back to the quarter ended 2020-12-31.
| Quarter | Stock | Country of operation | Class | Shares before | Shares after | Share change | Value before | Value after | Value change | Filed |
|---|
| Q2 2026 | SPYM
SPDR SERIES TRUST | United States | STATE STREET SPD | 1,080,020 | 0 | -1,080,020 | $82,664,714 | $0 | -$82,664,714 | 2026-07-28 |
|---|
| Q2 2026 | SPDW
SPDR INDEX SHS FDS | | STATE STREET SPD | 207,722 | 0 | -207,722 | $9,482,510 | $0 | -$9,482,510 | 2026-07-28 |
|---|
| Q2 2026 | SPEM
SPDR INDEX SHS FDS | | STATE STREET SPD | 28,757 | 0 | -28,757 | $1,348,991 | $0 | -$1,348,991 | 2026-07-28 |
|---|
| Q2 2026 | SPHY
SPDR SERIES TRUST | | STATE STREET SPD | 42,842 | 0 | -42,842 | $999,076 | $0 | -$999,076 | 2026-07-28 |
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| Q2 2026 | USMV
ISHARES TR | | MSCI USA MIN VOL | 6,452 | 0 | -6,452 | $598,394 | $0 | -$598,394 | 2026-07-28 |
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| Q2 2026 | SPSM
SPDR SERIES TRUST | | STATE STREET SPD | 11,331 | 0 | -11,331 | $547,514 | $0 | -$547,514 | 2026-07-28 |
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| Q2 2026 | FBND
FIDELITY MERRIMACK STR TR | | TOTAL BD ETF | 11,473 | 0 | -11,473 | $523,410 | $0 | -$523,410 | 2026-07-28 |
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| Q2 2026 | SPAB
SPDR SERIES TRUST | | STATE STREET SPD | 15,755 | 0 | -15,755 | $403,644 | $0 | -$403,644 | 2026-07-28 |
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| Q2 2026 | XMHQ
INVESCO EXCHANGE TRADED FD T | | S&P MDCP QUALITY | 3,798 | 0 | -3,798 | $392,563 | $0 | -$392,563 | 2026-07-28 |
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| Q2 2026 | IQLT
ISHARES TR | | MSCI INTL QUALTY | 7,401 | 0 | -7,401 | $342,140 | $0 | -$342,140 | 2026-07-28 |
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| Q2 2026 | VGSH
VANGUARD SCOTTSDALE FDS | | SHORT TERM TREAS | 5,029 | 0 | -5,029 | $294,393 | $0 | -$294,393 | 2026-07-28 |
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| Q2 2026 | QUS
SPDR SERIES TRUST | | STATE STREET SPD | 1,308 | 0 | -1,308 | $224,433 | $0 | -$224,433 | 2026-07-28 |
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| Q1 2026 | SPDW
SPDR INDEX SHS FDS | | PORTFOLIO DEVLPD | 206,217 | 0 | -206,217 | $9,158,097 | $0 | -$9,158,097 | 2026-04-27 |
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| Q1 2026 | DFAR
DIMENSIONAL ETF TRUST | | US REAL ESTATE E | 119,825 | 0 | -119,825 | $2,744,137 | $0 | -$2,744,137 | 2026-04-27 |
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| Q1 2026 | SPEM
SPDR INDEX SHS FDS | | PORTFOLIO EMG MK | 37,742 | 0 | -37,742 | $1,766,704 | $0 | -$1,766,704 | 2026-04-27 |
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| Q1 2026 | MGC
VANGUARD WORLD FD | | MEGA CAP INDEX | 2,334 | 0 | -2,334 | $586,317 | $0 | -$586,317 | 2026-04-27 |
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| Q1 2026 | VNQ
VANGUARD INDEX FDS | | REAL ESTATE ETF | 5,087 | 0 | -5,087 | $450,149 | $0 | -$450,149 | 2026-04-27 |
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| Q1 2026 | SCHG
SCHWAB STRATEGIC TR | | US LCAP GR ETF | 8,240 | 0 | -8,240 | $268,791 | $0 | -$268,791 | 2026-04-27 |
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| Q1 2026 | USRT
ISHARES TR | | CRE U S REIT ETF | 4,003 | 0 | -4,003 | $228,011 | $0 | -$228,011 | 2026-04-27 |
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| Q1 2026 | MGV
VANGUARD WORLD FD | | MEGA CAP VAL ETF | 1,587 | 0 | -1,587 | $224,090 | $0 | -$224,090 | 2026-04-27 |
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| Q1 2026 | USFR
WISDOMTREE TR | | FLOATNG RAT TREA | 4,127 | 0 | -4,127 | $207,683 | $0 | -$207,683 | 2026-04-27 |
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| Q4 2025 | SPYM
SPDR SERIES TRUST | United States | PORTFOLIO S&P500 | 1,025,811 | 0 | -1,025,811 | $80,362,016 | $0 | -$80,362,016 | 2026-01-29 |
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| Q4 2025 | SPHY
SPDR SERIES TRUST | | PORTFLI HIGH YLD | 42,327 | 0 | -42,327 | $1,013,309 | $0 | -$1,013,309 | 2026-01-29 |
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| Q4 2025 | SPSM
SPDR SERIES TRUST | | PORTFOLIO S&P600 | 13,495 | 0 | -13,495 | $625,089 | $0 | -$625,089 | 2026-01-29 |
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| Q4 2025 | SPAB
SPDR SERIES TRUST | | PORTFOLIO AGRGTE | 15,755 | 0 | -15,755 | $407,267 | $0 | -$407,267 | 2026-01-29 |
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| Q4 2025 | QUS
SPDR SERIES TRUST | | MSCI USA STRTGIC | 1,501 | 0 | -1,501 | $257,013 | $0 | -$257,013 | 2026-01-29 |
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| Q4 2025 | HYS
PIMCO ETF TR | | 0-5 HIGH YIELD | 2,158 | 0 | -2,158 | $206,454 | $0 | -$206,454 | 2026-01-29 |
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| Q3 2025 | PRF
INVESCO EXCHANGE TRADED FD T | | RAFI US 1000 ETF | 4,993 | 0 | -4,993 | $211,037 | $0 | -$211,037 | 2025-10-27 |
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| Q1 2025 | VWO
VANGUARD INTL EQUITY INDEX F | | FTSE EMR MKT ETF | 6,267 | 0 | -6,267 | $275,999 | $0 | -$275,999 | 2025-04-30 |
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| Q1 2025 | BNDX
VANGUARD CHARLOTTE FDS | | TOTAL INT BD ETF | 5,601 | 0 | -5,601 | $274,730 | $0 | -$274,730 | 2025-04-30 |
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| Q4 2024 | BSCT
INVESCO EXCH TRD SLF IDX FD | | BULETSHS 2029 | 14,683 | 0 | -14,683 | $276,188 | $0 | -$276,188 | 2025-01-24 |
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| Q4 2024 | BSCR
INVESCO EXCH TRD SLF IDX FD | | BULSHS 2027 CB | 13,493 | 0 | -13,493 | $266,082 | $0 | -$266,082 | 2025-01-24 |
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| Q2 2024 | IAGG
ISHARES TR | | CORE INTL AGGR | 4,031 | 0 | -4,031 | $201,349 | $0 | -$201,349 | 2024-07-25 |
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