Brown Financial Advisors

Registered adviser

CIK

2035548

Location

MILFORD, OH

Portfolio Value

Small $281,672,811

Diversification

Diversified

Filing Date

Global Rank

#5,428 / 8,827 ▼ 128

Top Industry

Semiconductors 8.5%

Period ended 4 months ago

Filed Aug 26, 2026 · 2mo

9 quarters · since Jun 2024

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 147056

Roster of Nov 1, 2026

Regulatory AUM

$323,336,194

Main clients

Individuals and high net worth (100% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
May 2026 to Nov 2026	$323,336,194	Individuals and high net worth (100%)
Apr 2025 to Apr 2026	$298,778,630	Individuals and high net worth (100%)
Apr 2024 to Mar 2025	$244,889,450	Individuals and high net worth (100%)
Jun 2023 to Mar 2024	$192,584,904	Individuals and high net worth (100%)
May 2023	$257,041,917	Individuals and high net worth (100%)
May 2022 to Apr 2023	$257,041,917	Individuals and high net worth (100%)

2 earlier changes not shown.

Stated strategy

Wealth management / planning Form ADV Part 2A, Apr 29, 2026 · original

In the firm's words

Wealth management / planning: In developing a financial review for a client, BFA’s analysis may include cash flow analysis, investment planning, risk management, tax planning and estate planning.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 38.8%, 42.4 effective positions, active share 66.6% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

42.1% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 7.1 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 66.6%; sector active share 32.5% against the combined 13F book's sector weights.

Over time 9 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

209 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.7%

+1.0 pts

Top 5

27.3%

+0.7 pts

Top 10

38.8%

+0.9 pts

HHI

236

Diversified+13

Portfolio Trend

9 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	44.2%	$124,519,463	57
Technology	13.8%	$38,909,543	21
Financial Services	11.5%	$32,344,035	37
Industrials	5.5%	$15,597,914	24
Consumer Cyclical	5.2%	$14,552,162	13
Healthcare	5.0%	$13,982,773	13
Consumer Defensive	4.5%	$12,570,424	11
Communication Services	4.4%	$12,354,251	7
Energy	2.4%	$6,824,187	9
Real Estate	1.3%	$3,540,638	6
Basic Materials	1.2%	$3,424,210	5
Utilities	1.1%	$3,053,211	6

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
XTEN	BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF	+77,426	134,490	$6,130,054
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp	+38,754	48,653	$281,214
XSVN	BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF	+33,479	104,423	$4,936,075
DMBS	DoubleLine Mortgage ETF	+13,281	216,939	$10,649,535
PRIV	State Street(R) IG Public & Private Credit ETF	+12,334	71,776	$1,806,960
BSX	Boston Scientific Corp	+7,749	20,881	$891,201
NVDA	Nvidia Corp	+7,404	42,229	$8,449,600
JMBS	Janus Henderson Mortgage-Backed Securities ETF	+5,996	97,579	$4,390,079
XLF	State Street Corp	+5,456	54,737	$2,934,450
LUV	Southwest Airlines Co	+4,788	25,990	$1,336,405
SEPU	AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF	+4,571	104,861	$3,257,506
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	+3,985	61,792	$1,754,274
CRPT	First Trust SkyBridge Crypto Industry and Digital Economy ETF	+3,839	26,174	$297,336
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	+2,534	210,791	$18,524,313
AVUS	Avantis U.S. Equity ETF	+2,519	16,348	$2,093,851
NEE	Nextera Energy Inc	+2,448	13,945	$1,223,952
MUB	iShares National Muni Bond ETF	+2,435	14,919	$1,605,582
DXCM	Dexcom Inc	+2,080	17,222	$1,159,901
KLAC	Kla Corp	+2,074	2,320	$699,967
NOW	ServiceNow, Inc.	+1,821	11,937	$1,185,105
JMST	JPMorgan Ultra-Short Municipal Income ETF	+1,768	10,853	$553,503
SPTL	State Street(R) SPDR(R) Portfolio Long Term Treasury ETF	+1,599	24,350	$638,700
COP	Conocophillips	+1,306	12,950	$1,346,282
IETC	iShares U.S. Tech Independence Focused ETF	+1,266	30,232	$3,245,405
PRFD	PIMCO Preferred and Capital Securities Active Exchange-Traded Fund	+1,210	33,171	$1,703,231
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
XFIV	BondBloxx Bloomberg Five Year Target Duration US Treasury ETF	−61,896	37,670	$1,833,775
SPAB	State Street(R) SPDR(R) Portfolio Aggregate Bond ETF	−17,938	31,669	$808,192
AVEM	Avantis Emerging Markets Equity ETF	−7,473	49,149	$4,742,387
JAAA	Janus Henderson AAA CLO ETF	−7,384	71,638	$3,617,002
NFLX	Netflix Inc	−5,397	11,437	$816,601
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	−4,966	106,227	$5,352,778
ABT	Abbott Laboratories	−4,107	12,572	$1,140,783
CSNR	Cohen & Steers Natural Resources Active ETF	−3,949	31,239	$1,043,226
AMZN	Amazon Com Inc	−3,655	26,802	$6,387,988
DABS	DoubleLine Asset-Backed Securities ETF	−3,027	69,785	$3,536,564
—		−3,006	12,100	$1,108,844
GLDM	World Gold Trust	−2,396	26,599	$2,112,492
MSFT	Microsoft Corp	−2,341	13,169	$4,912,300
TGT	Target Corp	−2,158	15,981	$2,087,278
BKR	Baker Hughes Co	−1,322	16,541	$918,025
UNH	Unitedhealth Group Inc	−1,134	5,774	$2,399,847
MS	Morgan Stanley	−1,108	14,022	$2,931,158
WCN	Waste Connections, Inc.	−994	6,386	$1,064,482
GOOG	Alphabet Inc.	−937	17,808	$6,292,100
CHAT	Roundhill Generative AI & Technology ETF	−937	3,043	$300,283
QQQM	Invesco Ltd.	−873	12,924	$3,915,584
BAC	Bank Of America Corp	−838	30,490	$1,737,320
BRK-B	Berkshire Hathaway Inc	−810	3,170	$1,586,236
EXR	Extra Space Storage Inc.	−761	7,246	$1,052,843
PANW	Palo Alto Networks Inc	−744	8,231	$2,806,935
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
XTWY	BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	83,222	$3,123,737
SPIB	State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF	67,060	$2,243,827
FOXY		56,984	$1,697,553
CRWD	CrowdStrike Holdings, Inc.	2,128	$1,623,961
AGGH	Simplify Exchange Traded Funds	26,857	$541,705
DDFZ		25,341	$491,361
TSCO	Tractor Supply Co	15,480	$489,322
AIS	VistaShares Artificial Intelligence Supercycle ETF	4,268	$364,103
SKYD	Skydance Corp	17,783	$350,680
JANB	Aptus January Buffer ETF	12,003	$326,841
NJUN		9,920	$325,971
IMAR		9,714	$295,742
OKTA	Okta, Inc.	2,049	$279,586
AAL	American Airlines Group Inc.	13,669	$246,998
AYI	Acuity Inc. (De)	625	$235,412
COHR	Coherent Corp.	577	$227,609
CWST	Casella Waste Systems Inc	2,340	$226,909
ALAB	Astera Labs, Inc.	450	$217,359
EXPE	Expedia Group, Inc.	814	$208,286
EWBC	East West Bancorp Inc	1,606	$207,318
ASB	Associated Banc-Corp	6,674	$205,358
DKS	Dick's Sporting Goods, Inc.	888	$201,407
CNP	Centerpoint Energy Inc	4,548	$200,293
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	3,576	$200,005
HODL	VanEck Bitcoin ETF	10,437	$173,358
No positions match the current search.

Sold Out

Positions the filer fully exited

22 positions

Ticker	Company	Shares	Value
XTRE	BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	60,912	$3,015,753
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	39,013	$2,076,271
BTCO	Invesco Galaxy Bitcoin ETF	23,532	$1,587,704
VRTX	Vertex Pharmaceuticals Inc	2,141	$956,042
PODD	Insulet Corp	3,847	$807,254
FLEX	Flex Ltd.	7,341	$480,541
DDTL		22,031	$455,601
NAUG		14,602	$422,698
QCOM	Qualcomm Inc	3,171	$408,361
RJF	Raymond James Financial Inc	2,342	$339,098
ISEP		9,277	$304,192
JULT	AllianzIM U.S. Equity Buffer10 Jul ETF	6,906	$303,580
COO	Cooper Companies, Inc.	3,770	$269,555
—		2,206	$266,065
CNR	Core Natural Resources, Inc.	2,264	$237,108
HLT	Hilton Worldwide Holdings Inc.	762	$231,708
ULTA	Ulta Beauty, Inc.	441	$230,515
BABA	Alibaba Group Holding Ltd	1,814	$227,584
EXE	EXPAND ENERGY Corp	1,946	$213,631
—		6,021	$211,578
ROST	Ross Stores, Inc.	962	$208,398
TTWO	Take Two Interactive Software Inc	1,015	$200,462
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

209 tracked positions · $281,672,811 total · filing declares 212 positions · $286,372,531 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 209 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Added	210,791	+2,534	$18,524,313	+16.2%	9	before history	6.58%
DMBS	DoubleLine Mortgage ETF	Added	216,939	+13,281	$10,649,535	+5.9%	9	before history	3.78%
NVDA	Nvidia Corp Technology	Added	42,229	+7,404	$8,449,600	+39.1%	9	before history	3.00%
AVDE	Avantis International Equity ETF	Reduced	72,728	-317	$6,487,337	+4.7%	7	$64.96	2.30%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	26,802	-3,655	$6,387,988	+0.7%	9	before history	2.27%
GOOG	Alphabet Inc. Communication Services	Reduced	17,808	-937	$6,292,100	+17.0%	9	before history	2.23%
XTEN	BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF	Added	134,490	+77,426	$6,130,054	+134.2%	7	$45.77	2.18%
AAPL	Apple Inc. Technology	Reduced	20,104	-295	$5,817,293	+12.4%	9	before history	2.07%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Reduced	106,227	-4,966	$5,352,778	+5.5%	9	before history	1.90%
RECS	Columbia Research Enhanced Core ETF	Added	114,939	+144	$4,974,559	+11.2%	6	$34.84	1.77%
XSVN	BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF	Added	104,423	+33,479	$4,936,075	+45.8%	9	before history	1.75%
MSFT	Microsoft Corp Technology	Reduced	13,169	-2,341	$4,912,300	−14.4%	9	before history	1.74%
AVEM	Avantis Emerging Markets Equity ETF	Reduced	49,149	-7,473	$4,742,387	+3.9%	9	before history	1.68%
JMBS	Janus Henderson Mortgage-Backed Securities ETF	Added	97,579	+5,996	$4,390,079	+6.1%	9	before history	1.56%
QQQM	Invesco Ltd. Financial Services	Reduced	12,924	-873	$3,915,584	+19.4%	4	$235.73	1.39%
META	Meta Platforms, Inc. Communication Services	Reduced	6,828	-29	$3,846,144	−2.0%	9	before history	1.37%
JAAA	Janus Henderson AAA CLO ETF	Reduced	71,638	-7,384	$3,617,002	−9.1%	9	before history	1.28%
DABS	DoubleLine Asset-Backed Securities ETF	Reduced	69,785	-3,027	$3,536,564	−4.4%	6	$50.25	1.26%
AVGO	Broadcom Inc. Technology	Added	9,168	+195	$3,463,212	+24.7%	9	before history	1.23%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	22,274	+542	$3,266,259	+4.1%	9	before history	1.16%
SEPU	AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF	Added	104,861	+4,571	$3,257,506	+16.0%	4	$27.66	1.16%
IETC	iShares U.S. Tech Independence Focused ETF	Added	30,232	+1,266	$3,245,405	+26.8%	4	$98.49	1.15%
GS	Goldman Sachs Group Inc Financial Services	Reduced	3,159	-34	$3,194,917	+18.3%	9	before history	1.13%
XTWY	BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	NEW	83,222	NEW	$3,123,737	NEW	1	$37.19	1.11%
JPM	Jpmorgan Chase & Co Financial Services	Added	9,025	+49	$2,954,153	+11.9%	9	before history	1.05%
XLF	State Street Corp Financial Services	Added	54,737	+5,456	$2,934,450	+20.6%	4	$52.88	1.04%
MS	Morgan Stanley Financial Services	Reduced	14,022	-1,108	$2,931,158	+17.7%	9	before history	1.04%
LRCX	Lam Research Corp Technology	Added	6,727	+683	$2,915,010	+125.7%	9	before history	1.03%
PANW	Palo Alto Networks Inc Technology	Reduced	8,231	-744	$2,806,935	+95.1%	9	before history	1.00%
UNH	Unitedhealth Group Inc Healthcare	Reduced	5,774	-1,134	$2,399,847	+28.4%	9	before history	0.85%
SPIB	State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF	NEW	67,060	NEW	$2,243,827	NEW	1	$33.47	0.80%
GSY	Invesco Ultra Short Duration ETF	Reduced	44,105	-175	$2,211,865	−0.3%	9	before history	0.79%
CVX	Chevron Corp Energy	Added	13,306	+518	$2,205,602	−16.6%	9	before history	0.78%
UYLD	Angel Oak UltraShort Income ETF	Reduced	43,230	-73	$2,204,946	−0.2%	4	$51.22	0.78%
V	Visa Inc. Financial Services	Added	6,325	+131	$2,170,044	+15.9%	9	before history	0.77%
URI	United Rentals, Inc. Industrials	Added	1,909	+78	$2,162,687	+62.1%	9	before history	0.77%
GLDM	World Gold Trust	Reduced	26,599	-2,396	$2,112,492	−21.4%	9	before history	0.75%
ETN	Eaton Corp plc Industrials	Added	4,945	+263	$2,107,163	+25.8%	8	$325.63	0.75%
AVUS	Avantis U.S. Equity ETF	Added	16,348	+2,519	$2,093,851	+36.2%	5	$106.67	0.74%
TGT	Target Corp Consumer Defensive	Reduced	15,981	-2,158	$2,087,278	−5.1%	9	before history	0.74%
SPYI	NEOS S&P 500(R) High Income ETF	Added	38,420	+743	$2,039,717	+9.7%	9	before history	0.72%
WMT	Walmart Inc. Consumer Defensive	Reduced	17,383	-548	$1,968,798	−11.7%	9	before history	0.70%
SMOT	VanEck Morningstar SMID Moat ETF	Added	48,946	+486	$1,902,041	+11.5%	9	before history	0.68%
KO	Coca Cola Co Consumer Defensive	Reduced	22,836	-575	$1,855,881	+4.2%	9	before history	0.66%
XFIV	BondBloxx Bloomberg Five Year Target Duration US Treasury ETF	Reduced	37,670	-61,896	$1,833,775	−62.5%	9	before history	0.65%
JNJ	Johnson & Johnson Healthcare	Added	7,216	+694	$1,832,647	+15.0%	9	before history	0.65%
APH	Amphenol Corp Technology	Added	10,386	+1,082	$1,831,259	+55.8%	7	$77.44	0.65%
PRIV	State Street(R) IG Public & Private Credit ETF	Added	71,776	+12,334	$1,806,960	+20.5%	4	$25.26	0.64%
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	Added	61,792	+3,985	$1,754,274	+5.9%	6	$28.18	0.62%
BAC	Bank Of America Corp Financial Services	Reduced	30,490	-838	$1,737,320	+13.8%	9	before history	0.62%

Showing the top 50 of 209 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.