Brown Advisory Securities 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABBOTT LABS	COM	002824100	883	6,276	SH		DFND		0	0	6,276
ABBVIE INC	COM	00287Y109	5,070	37,414	SH		DFND		0	0	37,414
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	1,272	3,062	SH		DFND		0	0	3,062
ADOBE SYSTEMS INCORPORATED	COM	00724F101	804	1,414	SH		DFND		0	0	1,414
ALPHABET INC	CAP STK CL A	02079K305	3,813	1,318	SH		DFND		0	0	1,318
ALPHABET INC	CAP STK CL C	02079K107	4,941	1,707	SH		DFND		0	0	1,707
ALTRIA GROUP INC	COM	02209S103	564	11,901	SH		DFND		0	0	11,901
AMAZON COM INC	COM	023135106	4,045	1,214	SH		DFND		0	0	1,214
AMERICAN EXPRESS CO	COM	025816109	528	3,233	SH		DFND		0	0	3,233
AMERICAN TOWER CORP NEW	COM	03027X100	4,100	14,012	SH		DFND		0	0	14,012
AMERIPRISE FINL INC	COM	03076C106	551	1,827	SH		DFND		0	0	1,827
AMGEN INC	COM	031162100	900	4,015	SH		DFND		0	0	4,015
AMPHENOL CORP NEW	CL A	032095101	237	2,708	SH		DFND		0	0	2,708
ANALOG DEVICES INC	COM	032654105	313	1,797	SH		DFND		0	0	1,797
ANNALY CAPITAL MANAGEMENT IN	COM	035710409	86	11,017	SH		DFND		0	0	11,017
ANTHEM INC	COM	036752103	782	1,688	SH		DFND		0	0	1,688
APPLE INC	COM	037833100	26,817	150,985	SH		DFND		0	0	150,985
ARES MANAGEMENT CORPORATION	CL A COM STK	03990B101	1,607	19,748	SH		DFND		0	0	19,748
AT&T INC	COM	00206R102	575	23,329	SH		DFND		0	0	23,329
AUTODESK INC	COM	052769106	692	2,472	SH		DFND		0	0	2,472
AUTOMATIC DATA PROCESSING IN	COM	053015103	442	1,793	SH		DFND		0	0	1,793
AZEK CO INC	CL A	05478C105	254	5,486	SH		DFND		0	0	5,486
BALL CORP	COM	058498106	388	4,023	SH		DFND		0	0	4,023
BECTON DICKINSON & CO	COM	075887109	529	2,105	SH		DFND		0	0	2,105
BED BATH & BEYOND INC	COM	075896100	147	10,076	SH		DFND		0	0	10,076
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	451	1	SH		DFND		0	0	1
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	7,841	26,188	SH		DFND		0	0	26,188
BEST BUY INC	COM	086516101	225	2,202	SH		DFND		0	0	2,202
BK OF AMERICA CORP	COM	060505104	865	19,479	SH		DFND		0	0	19,479
BLACKSTONE INC	COM	09260D107	2,699	20,850	SH		DFND		0	0	20,850
BOEING CO	COM	097023105	321	1,600	SH		DFND		0	0	1,600
BOOKING HOLDINGS INC	COM	09857L108	519	216	SH		DFND		0	0	216
BRISTOL-MYERS SQUIBB CO	COM	110122108	351	5,696	SH		DFND		0	0	5,696
BROADCOM INC	COM	11135F101	550	824	SH		DFND		0	0	824
BUILDERS FIRSTSOURCE INC	COM	12008R107	938	10,950	SH		DFND		0	0	10,950
CANADIAN NATL RY CO	COM	136375102	416	3,389	SH		DFND		0	0	3,389
CARMAX INC	COM	143130102	749	5,757	SH		DFND		0	0	5,757
CARRIER GLOBAL CORPORATION	COM	14448C104	1,165	21,500	SH		DFND		0	0	21,500
CHARTER COMMUNICATIONS INC N	CL A	16119P108	232	356	SH		DFND		0	0	356
CHEVRON CORP NEW	COM	166764100	209	1,776	SH		DFND		0	0	1,776
CHEWY INC	CL A	16679L109	216	3,693	SH		DFND		0	0	3,693
CINTAS CORP	COM	172908105	511	1,160	SH		DFND		0	0	1,160
CISCO SYS INC	COM	17275R102	895	14,155	SH		DFND		0	0	14,155
COCA COLA CO	COM	191216100	646	10,871	SH		DFND		0	0	10,871
COMCAST CORP NEW	CL A	20030N101	330	6,555	SH		DFND		0	0	6,555
CONSOLIDATED EDISON INC	COM	209115104	223	2,609	SH		DFND		0	0	2,609
COSTCO WHSL CORP NEW	COM	22160K105	1,517	2,672	SH		DFND		0	0	2,672
CROWN CASTLE INTL CORP NEW	COM	22822V101	222	1,066	SH		DFND		0	0	1,066
CVS HEALTH CORP	COM	126650100	1,301	12,589	SH		DFND		0	0	12,589
DANAHER CORPORATION	COM	235851102	1,896	5,756	SH		DFND		0	0	5,756
DEXCOM INC	COM	252131107	339	629	SH		DFND		0	0	629
DIGITAL RLTY TR INC	COM	253868103	229	1,300	SH		DFND		0	0	1,300
DISNEY WALT CO	COM	254687106	2,763	17,838	SH		DFND		0	0	17,838
DOMINION ENERGY INC	COM	25746U109	551	7,017	SH		DFND		0	0	7,017
DOW INC	COM	260557103	358	6,312	SH		DFND		0	0	6,312
DUKE ENERGY CORP NEW	COM NEW	26441C204	279	2,675	SH		DFND		0	0	2,675
DYNATRACE INC	COM NEW	268150109	931	15,412	SH		DFND		0	0	15,412
EASTERLY GOVT PPTYS INC	COM	27616P103	285	12,420	SH		DFND		0	0	12,420
EASTMAN CHEM CO	COM	277432100	225	1,856	SH		DFND		0	0	1,856
EATON VANCE TAX-MANAGED DIVE	COM	27828N102	160	10,640	SH		DFND		0	0	10,640
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	134	12,605	SH		DFND		0	0	12,605
ECOLAB INC	COM	278865100	300	1,277	SH		DFND		0	0	1,277
EDWARDS LIFESCIENCES CORP	COM	28176E108	935	7,209	SH		DFND		0	0	7,209
EMERSON ELEC CO	COM	291011104	285	3,079	SH		DFND		0	0	3,079
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	320	39,138	SH		DFND		0	0	39,138
ENTERPRISE PRODS PARTNERS L	COM	293792107	301	13,630	SH		DFND		0	0	13,630
EVERQUOTE INC	COM CL A	30041R108	223	14,197	SH		DFND		0	0	14,197
EXELON CORP	COM	30161N101	215	3,713	SH		DFND		0	0	3,713
EXXON MOBIL CORP	COM	30231G102	1,040	17,016	SH		DFND		0	0	17,016
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620R303	210	4,030	SH		DFND		0	0	4,030
FIRST TR EXCH TRADED FD III	PFD SECS INC ETF	33739E108	1,404	69,238	SH		DFND		0	0	69,238
FIRST TR EXCHANGE-TRADED FD	FIRST TR ENH NEW	33739Q408	253	4,218	SH		DFND		0	0	4,218
FIRST TR EXCHANGE-TRADED FD	NY ARCA BIOTECH	33733E203	1,618	9,980	SH		DFND		0	0	9,980
FIRST TR EXCHANGE-TRADED FD	RISNG DIVD ACHIV	33738R506	249	4,796	SH		DFND		0	0	4,796
FIRST TR EXCHANGE-TRADED FD	SENIOR LN FD	33738D309	254	5,280	SH		DFND		0	0	5,280
FISKER INC	CL A COM STK	33813J106	204	13,000	SH		DFND		0	0	13,000
FORD MTR CO DEL	COM	345370860	313	15,000	SH		DFND		0	0	15,000
FORTIVE CORP	COM	34959J108	341	4,433	SH		DFND		0	0	4,433
GENERAL MTRS CO	COM	37045V100	342	5,846	SH		DFND		0	0	5,846
GILEAD SCIENCES INC	COM	375558103	1,265	17,441	SH		DFND		0	0	17,441
GOLUB CAP BDC INC	COM	38173M102	364	23,603	SH		DFND		0	0	23,603
HOME DEPOT INC	COM	437076102	2,305	5,548	SH		DFND		0	0	5,548
HONEYWELL INTL INC	COM	438516106	319	1,528	SH		DFND		0	0	1,528
HORIZON TECHNOLOGY FIN CORP	COM	44045A102	249	15,662	SH		DFND		0	0	15,662
IDEX CORP	COM	45167R104	200	847	SH		DFND		0	0	847
INTEL CORP	COM	458140100	547	10,639	SH		DFND		0	0	10,639
INTERNATIONAL BUSINESS MACHS	COM	459200101	3,743	28,032	SH		DFND		0	0	28,032
INTUIT	COM	461202103	902	1,403	SH		DFND		0	0	1,403
INTUITIVE SURGICAL INC	COM NEW	46120E602	1,789	4,972	SH		DFND		0	0	4,972
INVESCO EXCHANGE TRADED FD T	S&P 500 TOP 50	46137V233	411	1,112	SH		DFND		0	0	1,112
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	4,959	30,463	SH		DFND		0	0	30,463
INVESCO EXCHANGE TRADED FD T	S&P500 PUR VAL	46137V258	250	3,100	SH		DFND		0	0	3,100
IONIS PHARMACEUTICALS INC	COM	462222100	394	13,000	SH		DFND		0	0	13,000
ISHARES INC	CORE MSCI EMKT	46434G103	247	4,119	SH		DFND		0	0	4,119
ISHARES TR	20 YR TR BD ETF	464287432	296	1,991	SH		DFND		0	0	1,991
ISHARES TR	CORE MSCI TOTAL	46432F834	499	7,035	SH		DFND		0	0	7,035
ISHARES TR	CORE S&P MCP ETF	464287507	1,604	5,666	SH		DFND		0	0	5,666
ISHARES TR	CORE S&P SCP ETF	464287804	1,927	16,828	SH		DFND		0	0	16,828
ISHARES TR	CORE S&P500 ETF	464287200	4,362	9,147	SH		DFND		0	0	9,147
ISHARES TR	CORE US AGGBD ET	464287226	268	2,337	SH		DFND		0	0	2,337
ISHARES TR	FLTG RATE NT ETF	46429B655	557	10,936	SH		DFND		0	0	10,936
ISHARES TR	MSCI EAFE ETF	464287465	316	4,015	SH		DFND		0	0	4,015
ISHARES TR	MSCI EMG MKT ETF	464287234	205	4,188	SH		DFND		0	0	4,188
ISHARES TR	RUS 1000 ETF	464287622	917	3,463	SH		DFND		0	0	3,463
ISHARES TR	RUS 1000 GRW ETF	464287614	484	1,588	SH		DFND		0	0	1,588
ISHARES TR	RUS 1000 VAL ETF	464287598	476	2,834	SH		DFND		0	0	2,834
ISHARES TR	RUS 2000 VAL ETF	464287630	225	1,355	SH		DFND		0	0	1,355
ISHARES TR	RUSSELL 2000 ETF	464287655	790	3,552	SH		DFND		0	0	3,552
ISHARES TR	SELECT DIVID ETF	464287168	1,413	11,540	SH		DFND		0	0	11,540
ISHARES TR	TIPS BD ETF	464287176	429	3,311	SH		DFND		0	0	3,311
ISHARES TR	U.S. UTILITS ETF	464287697	309	3,500	SH		DFND		0	0	3,500
JOHNSON & JOHNSON	COM	478160104	1,719	10,050	SH		DFND		0	0	10,050
JPMORGAN CHASE & CO	COM	46625H100	2,463	15,562	SH		DFND		0	0	15,562
KIMBERLY-CLARK CORP	COM	494368103	229	1,600	SH		DFND		0	0	1,600
KINDER MORGAN INC DEL	COM	49456B101	274	17,198	SH		DFND		0	0	17,198
KKR & CO INC	COM	48251W104	344	4,625	SH		DFND		0	0	4,625
L3HARRIS TECHNOLOGIES INC	COM	502431109	324	1,518	SH		DFND		0	0	1,518
LAUDER ESTEE COS INC	CL A	518439104	394	1,066	SH		DFND		0	0	1,066
LINDE PLC	SHS	G5494J103	262	758	SH		DFND		0	0	758
LOCKHEED MARTIN CORP	COM	539830109	299	838	SH		DFND		0	0	838
LOWES COS INC	COM	548661107	1,191	4,607	SH		DFND		0	0	4,607
MASIMO CORP	COM	574795100	1,999	6,825	SH		DFND		0	0	6,825
MASONITE INTL CORP	COM	575385109	284	2,410	SH		DFND		0	0	2,410
MASTERCARD INCORPORATED	CL A	57636Q104	7,575	21,072	SH		DFND		0	0	21,072
MATCH GROUP INC NEW	COM	57667L107	227	1,714	SH		DFND		0	0	1,714
MCCORMICK & CO INC	COM NON VTG	579780206	2,399	24,832	SH		DFND		0	0	24,832
MCDONALDS CORP	COM	580135101	678	2,529	SH		DFND		0	0	2,529
MEDTRONIC PLC	SHS	G5960L103	469	4,540	SH		DFND		0	0	4,540
MERCADOLIBRE INC	COM	58733R102	202	150	SH		DFND		0	0	150
MERCK & CO INC	COM	58933Y105	4,281	55,789	SH		DFND		0	0	55,789
META PLATFORMS INC	CL A	30303M102	4,103	12,192	SH		DFND		0	0	12,192
MICROSOFT CORP	COM	594918104	12,723	37,819	SH		DFND		0	0	37,819
MONDELEZ INTL INC	CL A	609207105	251	3,789	SH		DFND		0	0	3,789
MP MATERIALS CORP	COM CL A	553368101	331	7,300	SH		DFND		0	0	7,300
NEXTERA ENERGY INC	COM	65339F101	305	3,266	SH		DFND		0	0	3,266
NIKE INC	CL B	654106103	324	1,941	SH		DFND		0	0	1,941
NOMAD FOODS LTD	USD ORD SHS	G6564A105	459	18,089	SH		DFND		0	0	18,089
NOVARTIS AG	SPONSORED ADR	66987V109	221	2,517	SH		DFND		0	0	2,517
NUVEEN QUALITY MUNCP INCOME	COM	67066V101	210	13,035	SH		DFND		0	0	13,035
NXP SEMICONDUCTORS N V	COM	N6596X109	811	3,558	SH		DFND		0	0	3,558
NYMOX PHARMACEUTICAL CORP	COM	P73398102	36	28,000	SH		DFND		0	0	28,000
OAKTREE SPECIALTY LENDING CO	COM	67401P108	913	122,443	SH		DFND		0	0	122,443
ONEOK INC NEW	COM	682680103	1,094	18,578	SH		DFND		0	0	18,578
OTIS WORLDWIDE CORP	COM	68902V107	764	8,725	SH		DFND		0	0	8,725
PARK NATL CORP	COM	700658107	237	1,721	SH		DFND		0	0	1,721
PAYCHEX INC	COM	704326107	327	2,400	SH		DFND		0	0	2,400
PAYPAL HLDGS INC	COM	70450Y103	1,328	7,030	SH		DFND		0	0	7,030
PEPSICO INC	COM	713448108	256	1,468	SH		DFND		0	0	1,468
PFIZER INC	COM	717081103	1,728	29,175	SH		DFND		0	0	29,175
PHILIP MORRIS INTL INC	COM	718172109	357	3,747	SH		DFND		0	0	3,747
PINTEREST INC	CL A	72352L106	209	5,718	SH		DFND		0	0	5,718
PNC FINL SVCS GROUP INC	COM	693475105	341	1,700	SH		DFND		0	0	1,700
PRICE T ROWE GROUP INC	COM	74144T108	1,087	5,541	SH		DFND		0	0	5,541
PROCTER AND GAMBLE CO	COM	742718109	1,289	7,907	SH		DFND		0	0	7,907
QUALCOMM INC	COM	747525103	1,711	9,346	SH		DFND		0	0	9,346
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	1,723	20,048	SH		DFND		0	0	20,048
REGENERON PHARMACEUTICALS	COM	75886F107	903	1,429	SH		DFND		0	0	1,429
ROPER TECHNOLOGIES INC	COM	776696106	644	1,312	SH		DFND		0	0	1,312
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	352	8,125	SH		DFND		0	0	8,125
S&P GLOBAL INC	COM	78409V104	250	531	SH		DFND		0	0	531
SALESFORCE COM INC	COM	79466L302	970	3,813	SH		DFND		0	0	3,813
SALIENT MIDSTREAM & MLP FD	SH BEN INT	79471V105	74	11,000	SH		DFND		0	0	11,000
SBA COMMUNICATIONS CORP NEW	CL A	78410G104	598	1,541	SH		DFND		0	0	1,541
SCHWAB CHARLES CORP	COM	808513105	1,753	20,844	SH		DFND		0	0	20,844
SEAGATE TECHNOLOGY HLDNGS PL	ORD SHS	G7997R103	215	1,900	SH		DFND		0	0	1,900
SELECT SECTOR SPDR TR	ENERGY	81369Y506	875	15,743	SH		DFND		0	0	15,743
SELECT SECTOR SPDR TR	FINANCIAL	81369Y605	548	13,998	SH		DFND		0	0	13,998
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	356	2,529	SH		DFND		0	0	2,529
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	736	4,234	SH		DFND		0	0	4,234
SERVICENOW INC	COM	81762P102	424	649	SH		DFND		0	0	649
SHERWIN WILLIAMS CO	COM	824348106	1,435	4,077	SH		DFND		0	0	4,077
SHOPIFY INC	CL A	82509L107	352	256	SH		DFND		0	0	256
SPDR GOLD TR	GOLD SHS	78463V107	538	3,144	SH		DFND		0	0	3,144
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,566	3,296	SH		DFND		0	0	3,296
SPDR SER TR	PORTFOLIO SHORT	78464A474	274	8,894	SH		DFND		0	0	8,894
SPDR SER TR	S&P 600 SMCP VAL	78464A300	900	10,620	SH		DFND		0	0	10,620
SPDR SER TR	S&P DIVID ETF	78464A763	1,123	8,695	SH		DFND		0	0	8,695
STARBUCKS CORP	COM	855244109	3,352	28,660	SH		DFND		0	0	28,660
STORE CAP CORP	COM	862121100	207	6,000	SH		DFND		0	0	6,000
STRYKER CORPORATION	COM	863667101	232	867	SH		DFND		0	0	867
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	495	4,129	SH		DFND		0	0	4,129
TARGET CORP	COM	87612E106	208	899	SH		DFND		0	0	899
TESLA INC	COM	88160R101	334	315	SH		DFND		0	0	315
THERMO FISHER SCIENTIFIC INC	COM	883556102	686	1,029	SH		DFND		0	0	1,029
TJX COS INC NEW	COM	872540109	264	3,473	SH		DFND		0	0	3,473
TRANE TECHNOLOGIES PLC	SHS	G8994E103	629	3,117	SH		DFND		0	0	3,117
TRUIST FINL CORP	COM	89832Q109	793	13,458	SH		DFND		0	0	13,458
TWITTER INC	COM	90184L102	358	8,258	SH		DFND		0	0	8,258
UNITED PARCEL SERVICE INC	CL B	911312106	308	1,446	SH		DFND		0	0	1,446
UNITED RENTALS INC	COM	911363109	483	1,452	SH		DFND		0	0	1,452
UNITEDHEALTH GROUP INC	COM	91324P102	903	1,788	SH		DFND		0	0	1,788
VALERO ENERGY CORP	COM	91913Y100	512	6,800	SH		DFND		0	0	6,800
VANECK ETF TRUST	GOLD MINERS ETF	92189F106	1,807	56,547	SH		DFND		0	0	56,547
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	432	5,341	SH		DFND		0	0	5,341
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	406	4,787	SH		DFND		0	0	4,787
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	779	5,178	SH		DFND		0	0	5,178
VANGUARD INDEX FDS	MID CAP ETF	922908629	647	2,542	SH		DFND		0	0	2,542
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	215	1,848	SH		DFND		0	0	1,848
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	1,462	3,348	SH		DFND		0	0	3,348
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	365	2,042	SH		DFND		0	0	2,042
VANGUARD INDEX FDS	SMALL CP ETF	922908751	966	4,272	SH		DFND		0	0	4,272
VANGUARD INDEX FDS	SML CP GRW ETF	922908595	210	745	SH		DFND		0	0	745
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	804	4,681	SH		DFND		0	0	4,681
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	881	7,856	SH		DFND		0	0	7,856
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	332	974	SH		DFND		0	0	974
VEEVA SYS INC	CL A COM	922475108	231	904	SH		DFND		0	0	904
VERIZON COMMUNICATIONS INC	COM	92343V104	925	17,835	SH		DFND		0	0	17,835
VICTORIAS SECRET AND CO	COMMON STOCK	926400102	241	4,350	SH		DFND		0	0	4,350
VISA INC	COM CL A	92826C839	1,941	8,953	SH		DFND		0	0	8,953
VOYA FINANCIAL INC	COM	929089100	2,341	35,301	SH		DFND		0	0	35,301
WALMART INC	COM	931142103	782	5,416	SH		DFND		0	0	5,416
WEC ENERGY GROUP INC	COM	92939U106	227	2,350	SH		DFND		0	0	2,350
WHEATON PRECIOUS METALS CORP	COM	962879102	214	5,000	SH		DFND		0	0	5,000
WP CAREY INC	COM	92936U109	562	6,846	SH		DFND		0	0	6,846
YUM BRANDS INC	COM	988498101	556	4,008	SH		DFND		0	0	4,008
ZOETIS INC	CL A	98978V103	344	1,411	SH		DFND		0	0	1,411
ZYNGA INC	CL A	98986T108	125	19,458	SH		DFND		0	0	19,458