Asset manager

Brown Advisory Inc

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1345929

Reported value: $64.6bn
Positions we cover: 946
Copy, a year: +14.7%
Copy Sharpe ratio: 0.75

How copying its 13F would have done

CopyS&P 500 $10,000 copying Brown Advisory Inc's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −33.1% (S&P 500 −31.8%); beta 1.07; alpha −0.0% a year (t = −0.03); last 12 months +7.4% against +12.1%.

Reported value by quarter

Brown Advisory Inc: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$25B
2013-09-30	$28B
2013-12-31	$30.8B
2014-03-31	$31.4B
2014-06-30	$31.8B
2014-09-30	$31.1B
2014-12-31	$31.7B
2015-03-31	$31.4B
2015-06-30	$30.7B
2015-09-30	$28B
2015-12-31	$29.5B
2016-03-31	$29B
2016-06-30	$28.5B
2016-09-30	$29.1B
2016-12-31	$28B
2017-03-31	$29.3B
2017-06-30	$32.7B
2017-09-30	$30.2B
2017-12-31	$31.6B
2018-03-31	$30.9B
2018-06-30	$32.5B
2018-09-30	$35.1B
2018-12-31	$29.8B
2019-03-31	$35.3B
2019-06-30	$35B
2019-09-30	$35.6B
2019-12-31	$39.4B
2020-03-31	$32.6B
2020-06-30	$42.9B
2020-09-30	$48.4B
2020-12-31	$56.3B
2021-03-31	$58.5B
2021-06-30	$66.3B
2021-09-30	$67.7B
2021-12-31	$80.7B
2022-03-31	$67.1B
2022-06-30	$53.2B
2022-09-30	$51.4B
2022-12-31	$53.8T
2023-03-31	$59.1B
2023-06-30	$64B
2023-09-30	$60.9B
2023-12-31	$71.1B
2024-03-31	$74.8B
2024-06-30	$76.5B
2024-09-30	$79.6B
2024-12-31	$78.8B
2025-03-31	$70B
2025-06-30	$76B
2025-09-30	$76.8B
2025-12-31	$71.7B
2026-03-31	$60.9B
2026-06-30	$64.6B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
MSFTMicrosoft Corporation	4.92%	$3.2bn	8.51M	−12.4% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	4.42%	$2.9bn	5.98M	−2.7% Reduced
VVisa Inc.	3.77%	$2.4bn	7.10M	−6.5% Reduced
NVDANVIDIA Corporation	3.19%	$2.1bn	10.29M	+5.7% Added
MAMastercard	2.74%	$1.8bn	3.44M	−1.4% Reduced
AMZNAmazon	2.28%	$1.5bn	6.18M	−19.2% Reduced
AAPLApple Inc.	1.81%	$1.2bn	4.03M	+0.5%
GEGE Aerospace	1.38%	$892.9m	2.39M	−9.0% Reduced
SCHWCharles Schwab Corporation	1.33%	$859.9m	9.32M	+1.9% Added
GOOGLAlphabet Inc. (Class A)	1.10%	$711.1m	1.99M	−3.8% Reduced
AVGOBroadcom	1.06%	$684.5m	1.81M	−25.3% Reduced
EWEdwards Lifesciences	1.03%	$666.3m	7.37M	+4.8% Added
ASMLAsml Holding NV	0.96%	$621.7m	312.5K	−5.5% Reduced
MRVLMarvell Technology	0.85%	$552.4m	1.85M	−62.7% Reduced
BKNGBooking Holdings	0.81%	$522.1m	2.93M	+2333.5% Added
EFXEquifax	0.81%	$521.9m	3.29M	−9.9% Reduced
DHRDanaher Corporation	0.78%	$500.7m	2.63M	−10.2% Reduced
PGRProgressive Corporation	0.75%	$483.7m	2.21M	+42.9% Added
KKRKKR & Co.	0.72%	$463.2m	5.05M	−16.3% Reduced
FERGFerguson Enterprises	0.70%	$452.7m	1.91M	−12.6% Reduced
SPOTSpotify Technology S.a.	0.69%	$448.8m	977.4K	+4.9% Added
AZOAutoZone	0.68%	$436.2m	136.5K	+9.9% Added
METAMeta Platforms	0.67%	$432.4m	767.6K	−11.4% Reduced
ISRGIntuitive Surgical	0.66%	$423.4m	1.06M	−16.1% Reduced
CARRCarrier Global	0.64%	$410.8m	5.60M	−30.8% Reduced
JPMJPMorgan Chase	0.62%	$401.7m	1.23M	+0.6% Added
WSTWest Pharmaceutical Services	0.60%	$386.0m	1.08M	−19.8% Reduced
MELIMercadolibre Inc	0.59%	$381.7m	224.9K	−6.3% Reduced
PANWPalo Alto Networks	0.56%	$361.3m	1.06M	−39.4% Reduced
UBERUber	0.54%	$347.7m	4.82M	−23.9% Reduced
SNOWSnowflake Inc.	0.52%	$334.9m	1.32M	−19.5% Reduced
ANETArista Networks	0.48%	$312.5m	1.84M	+7796.3% Added
DDOGDatadog, Inc.	0.48%	$312.2m	1.20M	−57.3% Reduced
CTASCintas	0.47%	$305.2m	1.79M	−5.3% Reduced
HDBHdfc Bank LTD	0.45%	$291.8m	11.30M	+18.1% Added
URIUnited Rentals	0.45%	$290.3m	256.3K	−3.9% Reduced
UNHUnitedHealth Group	0.45%	$288.2m	693.4K	−3.9% Reduced
CDNSCadence Design Systems Inc	0.44%	$283.1m	754.2K	−37.0% Reduced
AJGArthur J. Gallagher & Co.	0.44%	$282.4m	1.23M	−22.2% Reduced
ABNBAirbnb	0.43%	$275.7m	1.93M	−16.3% Reduced
JNJJohnson & Johnson	0.40%	$261.1m	1.03M	+2.9% Added
WCNWaste Connections, Inc.	0.39%	$254.0m	1.52M	−10.4% Reduced
KLACKLA Corporation	0.39%	$251.9m	834.9K	+772.0% Added
MPWRMonolithic Power Systems, Inc.	0.39%	$249.5m	180.4K	−52.5% Reduced
ECLEcolab	0.39%	$248.3m	891.1K	−17.8% Reduced
ALLEAllegion	0.38%	$247.7m	1.76M	−9.2% Reduced
TKRTimken Co	0.38%	$247.5m	1.70M	−0.6% Reduced
COSTCostco	0.36%	$232.3m	248.3K	−21.9% Reduced
IOTSamsara Inc.	0.36%	$230.6m	7.11M	−29.6% Reduced
SHOPShopify Inc.	0.34%	$220.1m	1.93M	+29.3% Added
ABBVAbbVie	0.34%	$219.1m	870.7K	−0.5%
BACBank of America	0.32%	$209.2m	3.67M	−2.3% Reduced
INTUIntuit	0.32%	$208.5m	798.8K	−29.0% Reduced
ELVElevance Health	0.32%	$206.1m	532.9K	−1.4% Reduced
ADIAnalog Devices	0.31%	$202.9m	510.8K	−8.0% Reduced
OIIOceaneering International Inc	0.31%	$201.3m	4.97M	−14.2% Reduced
ARESAres Management	0.28%	$180.9m	1.63M	−16.7% Reduced
MRKMerck & Co.	0.27%	$175.5m	1.37M	+1.8% Added
TJXTJX Companies	0.25%	$160.2m	1.06M	−3.3% Reduced
PGProcter & Gamble	0.24%	$154.0m	1.05M	+15.3% Added
LLYLilly (Eli)	0.23%	$145.3m	121.1K	+1.5% Added
SUSuncor Energy Inc	0.23%	$145.0m	2.70M	−3.5% Reduced
BTSGBrightspring Health Services, Inc.	0.21%	$136.6m	1.96M	−9.6% Reduced
BXBlackstone Inc.	0.21%	$134.6m	1.14M	−2.9% Reduced
LOWLowe's	0.20%	$131.9m	598.2K	−2.5% Reduced
CSCOCisco	0.20%	$131.7m	1.12M	+2.9% Added
MDLZMondelez International	0.20%	$128.0m	2.21M	+0.2%
HQYHealthequity, Inc.	0.19%	$124.0m	1.37M	−2.8% Reduced
ASAmer Sports, Inc.	0.18%	$115.2m	3.40M	−4.5% Reduced
ESTAEstablishment Labs Holdings Inc.	0.17%	$112.7m	1.31M	−14.0% Reduced
ACGLArch Capital Group	0.17%	$111.9m	1.15M	−0.8% Reduced
SAPSAP SE	0.17%	$110.2m	715.4K	+67.5% Added
HDThe Home Depot	0.17%	$108.4m	307.4K	+1.6% Added
PBProsperity Bancshares Inc	0.17%	$108.0m	1.48M	−5.5% Reduced
TLNTalen Energy Corp	0.16%	$104.5m	271.9K	+8.9% Added
CATCaterpillar Inc.	0.16%	$103.1m	96.8K	+10.5% Added
EHCEncompass Health Corp	0.16%	$102.4m	1.01M	+46.1% Added
LNTHLantheus Holdings, Inc.	0.16%	$101.6m	915.7K	+33.2% Added
USFDUS Foods Holding Corp.	0.16%	$100.5m	982.6K	+7.4% Added
ILMNIllumina, Inc.	0.15%	$99.9m	568.3K	−4.1% Reduced
NPOEnpro Inc.	0.15%	$95.3m	252.9K	−36.8% Reduced
AXPAmerican Express	0.14%	$93.5m	276.3K	+1.8% Added
AIGAmerican International Group	0.14%	$92.4m	1.24M	−3.8% Reduced
TECHBio-Techne	0.14%	$91.0m	1.29M	−11.3% Reduced
BRKRBruker Corp	0.14%	$86.9m	1.44M	−18.9% Reduced
CCCCCC Intelligent Solutions Holdings Inc.	0.13%	$85.3m	16.52M	+2.0% Added
APHAmphenol	0.13%	$84.8m	480.8K	+30.7% Added
CEGConstellation Energy	0.13%	$84.3m	339.3K	+6.9% Added
OPLNOpenlane, Inc.	0.13%	$83.3m	2.02M	−6.8% Reduced
NOVTNovanta Inc	0.13%	$82.6m	509.0K	+11.0% Added
IBMIBM	0.13%	$82.1m	292.1K	+4.3% Added
ADSKAutodesk, Inc.	0.13%	$81.9m	421.0K	−83.6% Reduced
ANDGAndersen Group Inc.	0.13%	$81.7m	2.17M	−11.2% Reduced
ENTGEntegris Inc	0.12%	$80.1m	445.3K	−27.9% Reduced
SAROStandardaero, Inc.	0.12%	$78.1m	2.61M	−8.8% Reduced
DELLDell Technologies	0.12%	$77.9m	180.6K	−18.6% Reduced
COFCapital One	0.12%	$77.4m	385.8K	+546.4% Added
FCNCAFirst Citizens Bancshares Inc	0.12%	$76.1m	36.6K	−58.0% Reduced
EXPEagle Materials Inc	0.12%	$74.0m	329.0K	−4.2% Reduced
NGVTIngevity Corp	0.11%	$72.7m	974.1K	−1.8% Reduced
TBBKBancorp, Inc.	0.11%	$71.4m	1.14M	+24.3% Added
AITApplied Industrial Technologies Inc	0.11%	$70.8m	209.4K	−10.9% Reduced
VMIValmont Industries Inc	0.11%	$70.4m	121.8K	−28.4% Reduced
PLXSPlexus Corp	0.11%	$70.0m	233.0K	New
ALGNAlign Technology	0.11%	$69.8m	413.6K	−4.7% Reduced
GNRCGenerac	0.11%	$69.5m	237.3K	−45.7% Reduced
CCitigroup	0.10%	$67.2m	480.4K	+1.2% Added
AMATApplied Materials	0.10%	$67.1m	92.8K	−10.3% Reduced
GHGuardant Health, Inc.	0.10%	$66.8m	445.6K	+35.2% Added
SLBSchlumberger	0.10%	$66.7m	1.43M	−11.4% Reduced
ADMArcher Daniels Midland	0.10%	$66.5m	870.4K	+11424.8% Added
GLWCorning Inc.	0.10%	$65.7m	257.1K	+68.8% Added
LMRILumexa Imaging Holdings, Inc.	0.10%	$65.2m	5.78M	+238.8% Added
CWSTCasella Waste Systems Inc	0.10%	$65.0m	670.2K	+3.2% Added
CWCurtiss Wright Corp	0.10%	$64.8m	85.5K	−25.4% Reduced
CWKCushman & Wakefield Ltd.	0.10%	$64.5m	4.82M	+0.3%
CTSCTS Corp	0.10%	$64.0m	981.8K	−3.9% Reduced
WSOWatsco Inc	0.10%	$63.2m	151.7K	+47.4% Added
HLTHilton Worldwide	0.10%	$62.4m	188.8K	−60.7% Reduced
DTDynatrace, Inc.	0.10%	$62.3m	1.42M	−44.5% Reduced
AAONAAON, Inc.	0.10%	$62.1m	489.5K	−27.2% Reduced
SSDSimpson Manufacturing Co., Inc.	0.10%	$62.1m	296.6K	−2.3% Reduced
DOVDover Corporation	0.10%	$62.0m	276.5K	+6.7% Added
WLYJohn Wiley & Sons, Inc.	0.10%	$61.4m	1.27M	+4.7% Added
KOThe Coca-Cola Company	0.09%	$61.0m	750.6K	−2.6% Reduced
TROWT. Rowe Price	0.09%	$60.3m	530.0K	+3.3% Added
OLEDUniversal Display Corp \pa\	0.09%	$60.1m	693.6K	+7.0% Added
STSensata Technologies Holding plc	0.09%	$59.5m	1.25M	−4.5% Reduced
HEIHeico Corp	0.09%	$59.2m	166.1K	+20.6% Added
MUMicron Technology	0.09%	$58.9m	51.0K	−24.7% Reduced
AXONAxon Enterprise	0.09%	$58.3m	104.0K	−16.0% Reduced
SPGIS&P Global	0.09%	$57.4m	141.0K	−38.4% Reduced
ODFLOld Dominion	0.09%	$57.2m	264.2K	−33.1% Reduced
ONBOLD National Bancorp	0.09%	$57.2m	2.21M	−2.0% Reduced
IDXXIdexx Laboratories	0.09%	$57.0m	108.2K	+0.2%
GNLGlobal Net Lease, Inc.	0.09%	$56.9m	6.36M	+7.8% Added
RTXRTX Corporation	0.09%	$56.7m	299.1K	−0.7% Reduced
ECVTEcovyst Inc.	0.09%	$56.4m	4.53M	−6.4% Reduced
SONSonoco Products Co	0.09%	$56.3m	999.2K	+0.4%
MSAMSA Safety Inc	0.09%	$56.3m	322.3K	−0.1%
WSFSWsfs Financial Corp	0.09%	$56.1m	731.6K	−1.8% Reduced
VMCVulcan Materials Company	0.09%	$56.0m	189.7K	−1.1% Reduced
LSCCLattice Semiconductor Corp	0.09%	$55.7m	364.3K	−48.0% Reduced
AMPAmeriprise Financial	0.09%	$55.7m	121.4K	−2.9% Reduced
PEPPepsiCo	0.09%	$55.6m	411.0K	+11.4% Added
FSVFirstservice Corp	0.09%	$55.0m	386.9K	−3.1% Reduced
LINLinde plc	0.08%	$54.3m	104.6K	−1.3% Reduced
GEVGE Vernova	0.08%	$53.7m	45.7K	+19.0% Added
ADPAutomatic Data Processing	0.08%	$53.6m	239.4K	+2.0% Added
VTOLBristow Group Inc.	0.08%	$53.0m	1.28M	−2.0% Reduced

Company	Bought (value)	Shares
BKNGBooking Holdings	$500.6m	2.81M
ANETArista Networks	$308.6m	1.82M
KLACKLA Corporation	$223.0m	739.1K
PGRProgressive Corporation	$145.2m	664.5K
NVDANVIDIA Corporation	$110.5m	552.3K
PLXSPlexus Corp	$70.0m	233.0K
ADMArcher Daniels Midland	$65.9m	862.8K
COFCapital One	$65.4m	326.1K
ITGRInteger Holdings Corp	$50.9m	544.3K
SHOPShopify Inc.	$49.9m	436.9K
ACVAACV Auctions Inc.	$49.4m	6.87M
LMRILumexa Imaging Holdings, Inc.	$45.9m	4.07M
HDBHdfc Bank LTD	$44.7m	1.73M
SAPSAP SE	$44.4m	288.2K
SPCXSpace Exploration Technologies Corp	$42.3m	247.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
MRVLMarvell Technology	−$929.4m	−3.12M
MSFTMicrosoft Corporation	−$450.9m	−1.21M
DDOGDatadog, Inc.	−$418.7m	−1.61M
ADSKAutodesk, Inc.	−$416.8m	−2.14M
AMZNAmazon	−$349.9m	−1.47M
ZTSZoetis	−$296.8m	−4.13M
MPWRMonolithic Power Systems, Inc.	−$275.8m	−199.5K
VLTOVeralto	−$240.6m	−2.71M
PANWPalo Alto Networks	−$234.7m	−688.3K
WDAYWorkday, Inc.	−$234.1m	−1.91M
AVGOBroadcom	−$231.7m	−613.3K
CARRCarrier Global	−$182.9m	−2.49M
VVisa Inc.	−$169.5m	−493.9K
CDNSCadence Design Systems Inc	−$166.2m	−442.9K
NOWServiceNow	−$113.6m	−1.14M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
DKNGDraftkings Inc.	$40.6m	1.88M
MIRMirion Technologies, Inc.	$24.2m	1.30M
CNXNPC Connection Inc	$19.9m	340.7K
CABOCable One, Inc.	$15.5m	170.2K
HUBSHubspot Inc	$1.4m	5.8K
SGISomnigroup International Inc.	$715,613	9.7K
ORAOrmat Technologies, Inc.	$663,102	5.9K
MYRGMYR Group Inc.	$572,693	2.0K
ACMAecom	$500,547	5.9K
TTGTTechtarget, Inc.	$495,189	127.6K
NXTNextpower Inc.	$473,936	3.9K
CHTRCharter Communications	$471,326	2.2K
SWXSouthwest Gas Holdings, Inc.	$438,410	5.0K
ARWArrow Electronics, Inc.	$429,369	3.0K
MTNVail Resorts Inc	$413,655	3.2K
FNDFloor & Decor Holdings, Inc.	$412,191	8.1K
JLLJones Lang Lasalle Inc	$405,050	1.3K
BGBunge Global	$400,171	3.1K
GNTXGentex Corp	$354,747	16.2K
TTDTrade Desk, Inc.	$337,196	14.9K
BNSBank Of Nova Scotia	$328,668	4.7K
UBSUBS Group AG	$324,047	8.3K
PIIPolaris Inc.	$320,896	5.9K
MTZMastec Inc	$316,379	983
BROBrown & Brown	$288,033	4.4K
AKAMAkamai Technologies	$275,066	2.4K
SEDGSolaredge Technologies, Inc.	$262,207	5.1K
AMTMAmentum Holdings, Inc.	$258,922	9.9K
KVYOKlaviyo, Inc.	$234,824	12.1K
HPHelmerich & Payne, Inc.	$233,320	6.5K

Technology34.3%
Financials20.0%
Industrials15.1%
Health Care11.0%
Consumer Discretionary8.1%
Communication Services4.1%
Consumer Staples2.5%
Materials1.9%
Energy1.5%
Real Estate0.9%
Utilities0.6%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 16, 2013 to November 2, 2026	+14.7%	+14.1%	0.75	0.78	−33.1%	1.07
2018 onwardsJanuary 5, 2018 to November 2, 2026	+13.8%	+13.9%	0.60	0.66	−33.1%	1.08
Last three yearsNovember 3, 2023 to November 2, 2026	+16.9%	+21.8%	0.80	1.16	−19.1%	1.03
Last yearNovember 7, 2025 to November 2, 2026	+9.6%	+14.2%	0.47	0.84	−13.1%	0.90

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.