CIK: 0001345929
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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Brown Advisory INC's disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 71 equally-sized positions, well below its 2375 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.30), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
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 |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-13 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-30 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-13 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-24 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-08 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-25 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-31 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-08 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-11-14 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-09-13 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-08-02 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-11-14 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-09-13 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-09 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-27 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-29 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-14 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-12 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-13 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-10 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-06-28 | Amendment | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-12 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-13 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-09 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-08 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-11 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-14 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | Amendment | View on EDGAR |
| 2014-12-31 | 2015-02-09 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-10 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-08 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-13 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-11 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-08 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-13 | 13F-HR | View on EDGAR |
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