Total reported value
$60.9B
Reporting period: 2026-03-31 · Number of holdings: 2375
BROWN ADVISORY INC disclosed 2375 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $60.9B and a quarterly turnover rate of 26.7%.
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Trim INTU
-55.7% -$1.2B
Trim MSFT
-9.6% -$1.6B
Add TSM
-5.1% $109.3M
Add MELI
+1462.4% $384.1M
Add IVV
+21.1% $151.2M
Trim NOW
-56.2% -$358.6M
Brown Advisory runs a hyper-diversified, momentum-chasing mandate with near-zero conviction sizing. This quarter, they systematically trimmed mega-cap tech and financial giants to lock in gains, while aggressively adding Meli to capture breakout momentum. The play is pure position management: rotate capital out of stretched leadership buckets into fresh relative strength names.
The flows embed a bet that institutional crowding at the top has peaked and a liquidity-driven rotation toward mid-tier growth is underway. Opposing thesis: mega-cap productivity cycles remain intact, and premature trimming creates cash drag while buying back elevated on mean reversion.
Despite a 1,393-stock roster and an HHI of 0.014, the portfolio retains a structural IT overhang at 32.75%. When breadth narrows and the factor premium compresses, this diversified book behaves exactly like a concentrated tech index, leaving zero cushion against a sector-wide repricing event.
Produced with AI assistance from publicly disclosed 13F data. Historical only; not a personalized investment recommendation.
Showing top 1393 holdings (of 2375 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 5.91% | -1.34% | -9.61% | |
| 2 | V | Visa Inc-class A Shares | Stock-Financials | 3.77% | +0.15% | +2.65% | |
| 3 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 3.41% | +0.67% | -5.08% | |
| 4 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 3.19% | -0.13% | -10.76% | |
| 5 | MA | Mastercard INC - A | Stock-Financials | 2.87% | — | +10.41% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 2.79% | -0.13% | -13.33% | |
| 7 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.62% | -0.38% | -18.02% | |
| 8 | BAFE | Brown Flex Equity ETF | ETF-Other | 2.34% | +0.26% | +3.04% | |
| 9 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.85% | +0.49% | +21.15% | |
| 10 | AAPL | Apple INC | Stock-Tech | 1.67% | — | +3.11% | |
| 11 | SCHW | Schwab (charles) CORP | Stock-Financials | 1.41% | -0.29% | -25.04% | |
| 12 | AVGO | Broadcom INC | Stock-Tech | 1.23% | +0.03% | -2.14% | |
| 13 | DSPY | Tema S&p 500 Hist Weight ETF | ETF-Large Cap & Growth | 1.23% | — | — | |
| 14 | GE | General Electric | Stock-Industrials | 1.22% | -0.14% | -17.32% | |
| 15 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.16% | — | +1.74% | |
| 16 | EFX | Equifax INC | Stock-Industrials | 1.08% | — | +29.86% | |
| 17 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.04% | — | +5.37% | |
| 18 | ADSK | Autodesk INC | Stock-Tech | 1.01% | — | +12.32% | |
| 19 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.98% | — | -1.58% | |
| 20 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.96% | -0.24% | -16.51% | |
| 21 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 0.93% | — | -4.13% | |
| 22 | KKR | Kkr & Co INC | Stock-Financials | 0.92% | -0.31% | -12.70% | |
| 23 | DHR | Danaher CORP | Stock-Healthcare | 0.91% | -0.20% | -16.08% | |
| 24 | FERG | Ferguson Enterprises INC | Stock-Industrials | 0.84% | — | -12.82% | |
| 25 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 0.83% | — | +13.72% | |
| 26 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.81% | -0.09% | -11.31% | |
| 27 | ZTS | Zoetis INC | Stock-Healthcare | 0.81% | — | +3.48% | |
| 28 | MRVL | Marvell Technology INC | Stock-Tech | 0.81% | +0.01% | -26.73% | |
| 29 | INTU | Intuit INC | Stock-Tech | 0.80% | -1.55% | -55.72% | |
| 30 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.80% | — | -3.11% | |
| 31 | CARR | Carrier Global CORP | Stock-Industrials | 0.75% | — | -20.90% | |
| 32 | UBER | Uber Technologies INC | Stock-Industrials | 0.75% | -0.23% | -26.07% | |
| 33 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 0.74% | — | +11.67% | |
| 34 | ASML | ASML Holding N.V. | Stock-Tech | 0.72% | — | -26.91% | |
| 35 | AZO | Autozone INC | Stock-Consumer Disc | 0.69% | — | -3.07% | |
| 36 | MPWR | Monolithic Power Systems INC | Stock-Tech | 0.68% | — | -24.14% | |
| 37 | MELI | Mercadolibre INC | Stock-Consumer Disc | 0.68% | +0.64% | +1462.42% | |
| 38 | BASG | Brown Adviso Sustain Gro ETF | ETF-Other | 0.64% | -0.04% | -8.99% | |
| 39 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.59% | — | -0.23% | |
| 40 | EAGL | Eagle Capital Select Eqty | ETF-Other | 0.58% | +0.27% | +71.38% | |
| 41 | AJG | Arthur J Gallagher & Co | Stock-Financials | 0.56% | -0.17% | -22.07% | |
| 42 | WST | West Pharmaceutical Services | Stock-Healthcare | 0.55% | -0.20% | -31.01% | |
| 43 | CDNS | Cadence Design Sys INC | Stock-Tech | 0.55% | -0.18% | -28.92% | |
| 44 | DDOG | Datadog INC - Class A | Stock-Tech | 0.54% | -0.12% | -18.86% | |
| 45 | CTAS | Cintas CORP | Stock-Industrials | 0.53% | +0.30% | +118.24% | |
| 46 | IOT | Samsara Inc-cl A | Stock-Tech | 0.53% | -0.02% | -9.94% | |
| 47 | BASV | Brown Advisory Sv ETF | ETF-Other | 0.52% | — | +27.82% | |
| 48 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.52% | — | -18.54% | |
| 49 | XOM | Exxon Mobil CORP | Stock-Energy | 0.51% | +0.20% | -1.17% | |
| 50 | PGR | Progressive CORP | Stock-Financials | 0.50% | -0.44% | -47.37% |
Performance for Q3 2026
+3%
Performance Last 4 Quarters
+6.2%
Based on 68% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2375 | $60.9B | 27 | |
| 2025-12-31 | 2914 | $71.7B | 21 | |
| 2025-09-30 | 3106 | $76.8B | 29 | |
| 2025-06-30 | 3063 | $76.0B | 0 | |
| 2025-03-31 | 2949 | $70.0B | 100 | |
| 2024-12-31 | 2988 | $78.8B | 0 | |
| 2024-09-30 | 2892 | $79.6B | 0 | |
| 2024-06-30 | 2843 | $76.5B | 0 | |
| 2024-03-31 | 2324 | $74.8B | 0 | |
| 2023-12-31 | 2313 | $71.1B | 0 | |
| 2023-09-30 | 2277 | $60.9B | 0 | |
| 2023-06-30 | 2286 | $64.0B | 0 | |
| 2023-03-31 | 2559 | $59.1B | 0 | |
| 2022-12-31 | 2577 | $53.8B | 0 | |
| 2022-09-30 | 2520 | $51.4B | 0 | |
| 2022-06-30 | 2471 | $53.2B | 0 | |
| 2022-03-31 | 2485 | $67.1B | 0 | |
| 2021-12-31 | 2375 | $80.7B | 0 | |
| 2021-09-30 | 2102 | $67.7B | 0 | |
| 2021-06-30 | 2514 | $66.3B | 94 | |
| 2021-03-31 | 2426 | $58.5B | 18 | |
| 2020-12-31 | 2356 | $56.3B | 22 | |
| 2020-09-30 | 2238 | $48.4B | 19 | |
| 2020-06-30 | 2189 | $42.9B | 31 | |
| 2020-03-31 | 2162 | $32.6B | 30 | |
| 2019-12-31 | 2306 | $39.4B | 14 | |
| 2019-09-30 | 2399 | $35.6B | 12 | |
| 2019-06-30 | 2461 | $35.0B | 15 | |
| 2019-03-31 | 2848 | $35.3B | 22 | |
| 2018-12-31 | 2500 | $29.8B | 25 | |
| 2018-09-30 | 2469 | $35.1B | 17 | |
| 2018-06-30 | 2423 | $32.5B | 16 | |
| 2018-03-31 | 2269 | $30.9B | 25 | |
| 2017-12-31 | 2079 | $31.6B | 13 | |
| 2017-09-30 | 2027 | $30.2B | 20 | |
| 2017-06-30 | 2093 | $32.7B | 25 | |
| 2017-03-31 | 2377 | $29.3B | 20 | |
| 2016-12-31 | 2319 | $28.0B | 18 | |
| 2016-09-30 | 2195 | $29.1B | 22 | |
| 2016-06-30 | 2155 | $28.5B | 18 | |
| 2016-03-31 | 2057 | $29.0B | 15 | |
| 2015-12-31 | 1967 | $29.5B | 20 | |
| 2015-09-30 | 1868 | $28.0B | 23 | |
| 2015-06-30 | 1323 | $30.7B | 12 | |
| 2015-03-31 | 1616 | $31.4B | 24 | |
| 2014-12-31 | 1620 | $31.7B | 20 | |
| 2014-09-30 | 1611 | $31.1B | 14 | |
| 2014-06-30 | 1615 | $31.8B | 14 | |
| 2014-03-31 | 1650 | $31.4B | 18 | |
| 2013-12-31 | 1584 | $30.8B | 18 | |
| 2013-09-30 | 1527 | $28.0B | 19 | |
| 2013-06-30 | 1498 | $25.0B | 0 |
Brown Advisory INC's most significant position changes for 2026-03-31: Sold out: Confluent Inc-class A (8QR); Trim: Intuit INC (INTU) — shares -55.72%; Trim: Microsoft CORP (MSFT) — shares -9.61%; Trim: Taiwan Semiconductor-sp Adr (TSM) — shares -5.08%; Add: Mercadolibre INC (MELI) — shares +1462.42%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +0.7% | -5.08% | Trim |
| 2 | MELI | Mercadolibre INC | +0.6% | +1462.42% | Add |
| 3 | IVV | Ishares Core S&p 500 ETF | +0.5% | +21.15% | Add |
| 4 | PANW | Palo Alto Networks INC | +0.4% | +1138.53% | Add |
| 5 | CTAS | Cintas CORP | +0.3% | +118.24% | Add |
| 6 | EAGL | Eagle Capital Select Eqty | +0.3% | +71.38% | Add |
| 7 | BAFE | Brown Flex Equity ETF | +0.3% | +3.04% | Add |
| 8 | XOM | Exxon Mobil CORP | +0.2% | -1.17% | Trim |
| 9 | V | Visa Inc-class A Shares | +0.2% | +2.65% | Add |
| 10 | GOVT | Ishares US Treasury Bond ETF | +0.1% | +109.45% | Add |
| 11 | SAP | Sap Se-sponsored Adr | +0.1% | +7867.77% | Add |
| 12 | AVGO | Broadcom INC | 0% | -2.14% | Trim |
| 13 | MRVL | Marvell Technology INC | 0% | -26.73% | Trim |
| 14 | CARR | Carrier Global CORP | — | -20.90% | Trim |
| 15 | IOT | Samsara Inc-cl A | 0% | -9.94% | Trim |
| 16 | ABNB | Airbnb Inc-class A | 0% | -15.07% | Trim |
| 17 | BASG | Brown Adviso Sustain Gro ETF | 0% | -8.99% | Trim |
| 18 | HLT | Hilton Worldwide Holdings In | -0.1% | -36.65% | Trim |
| 19 | ECL | Ecolab INC | -0.1% | -27.87% | Trim |
| 20 | META | Meta Platforms Inc-class A | -0.1% | -11.31% | Trim |
| 21 | WDAY | Workday Inc-class A | -0.1% | +13.43% | Add |
| 22 | SHOP | Shopify INC - Class A | -0.1% | -14.56% | Trim |
| 23 | VEEV | Veeva Systems Inc-class A | -0.1% | -86.71% | Trim |
| 24 | DDOG | Datadog INC - Class A | -0.1% | -18.86% | Trim |
| 25 | GOOG | Alphabet Inc-cl C | -0.1% | -10.76% | Trim |
| 26 | NVDA | Nvidia CORP | -0.1% | -13.33% | Trim |
| 27 | TROW | T Rowe Price Group INC | -0.1% | -65.71% | Trim |
| 28 | TDG | Transdigm Group INC | -0.1% | -70.41% | Trim |
| 29 | GE | General Electric | -0.1% | -17.32% | Trim |
| 30 | VLTO | Veralto CORP | -0.2% | -30.42% | Trim |
| 31 | CSGP | Costar Group INC | -0.2% | -82.32% | Trim |
| 32 | AJG | Arthur J Gallagher & Co | -0.2% | -22.07% | Trim |
| 33 | CDNS | Cadence Design Sys INC | -0.2% | -28.92% | Trim |
| 34 | ARES | Ares Management CORP - A | -0.2% | -18.39% | Trim |
| 35 | DHR | Danaher CORP | -0.2% | -16.08% | Trim |
| 36 | WST | West Pharmaceutical Services | -0.2% | -31.01% | Trim |
| 37 | FICO | Fair Isaac CORP | -0.2% | -91.39% | Trim |
| 38 | HDB | Hdfc Bank Ltd-adr | -0.2% | -19.83% | Trim |
| 39 | UBER | Uber Technologies INC | -0.2% | -26.07% | Trim |
| 40 | ISRG | Intuitive Surgical INC | -0.2% | -16.51% | Trim |
| 41 | SCHW | Schwab (charles) CORP | -0.3% | -25.04% | Trim |
| 42 | KKR | Kkr & Co INC | -0.3% | -12.70% | Trim |
| 43 | AMZN | Amazon.com INC | -0.4% | -18.02% | Trim |
| 44 | DT | Dynatrace INC | -0.4% | -73.54% | Trim |
| 45 | PGR | Progressive CORP | -0.4% | -47.37% | Trim |
| 46 | NOW | Servicenow INC | -0.5% | -56.23% | Trim |
| 47 | VRSK | Verisk Analytics INC | -0.5% | -97.50% | Trim |
| 48 | MSFT | Microsoft CORP | -1.3% | -9.61% | Trim |
| 49 | INTU | Intuit INC | -1.6% | -55.72% | Trim |
| 50 | 8QR | Confluent Inc-class A | — | EXIT | Sold out |
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