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	442	3,729	SH		DFND		0	0	3,729
ABBVIE INC	COM	00287Y109	3,999	24,696	SH		DFND		0	0	24,696
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	585	1,729	SH		DFND		0	0	1,729
ADOBE SYSTEMS INCORPORATED	COM	00724F101	520	1,142	SH		DFND		0	0	1,142
ALPHABET INC	CAP STK CL A	02079K305	2,972	1,068	SH		DFND		0	0	1,068
ALPHABET INC	CAP STK CL C	02079K107	2,949	1,055	SH		DFND		0	0	1,055
ALTRIA GROUP INC	COM	02209S103	621	11,901	SH		DFND		0	0	11,901
AMAZON COM INC	COM	023135106	3,342	1,025	SH		DFND		0	0	1,025
AMERICAN EXPRESS CO	COM	025816109	381	2,033	SH		DFND		0	0	2,033
AMERICAN TOWER CORP NEW	COM	03027X100	1,941	7,726	SH		DFND		0	0	7,726
AMERIPRISE FINL INC	COM	03076C106	510	1,698	SH		DFND		0	0	1,698
AMGEN INC	COM	031162100	773	3,199	SH		DFND		0	0	3,199
ANALOG DEVICES INC	COM	032654105	284	1,722	SH		DFND		0	0	1,722
ANNALY CAPITAL MANAGEMENT IN	COM	035710409	78	11,017	SH		DFND		0	0	11,017
ANTHEM INC	COM	036752103	443	900	SH		DFND		0	0	900
APPLE INC	COM	037833100	21,167	121,218	SH		DFND		0	0	121,218
ARES MANAGEMENT CORPORATION	CL A COM STK	03990B101	1,579	19,448	SH		DFND		0	0	19,448
AT&T INC	COM	00206R102	517	21,963	SH		DFND		0	0	21,963
AUTODESK INC	COM	052769106	314	1,458	SH		DFND		0	0	1,458
AUTOMATIC DATA PROCESSING IN	COM	053015103	408	1,793	SH		DFND		0	0	1,793
BECTON DICKINSON & CO	COM	075887109	532	2,000	SH		DFND		0	0	2,000
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	529	1	SH		DFND		0	0	1
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	7,042	19,952	SH		DFND		0	0	19,952
BK OF AMERICA CORP	COM	060505104	673	16,329	SH		DFND		0	0	16,329
BLACKSTONE INC	COM	09260D107	1,696	13,372	SH		DFND		0	0	13,372
BOOKING HOLDINGS INC	COM	09857L108	312	133	SH		DFND		0	0	133
BRISTOL-MYERS SQUIBB CO	COM	110122108	337	4,583	SH		DFND		0	0	4,583
BROADCOM INC	COM	11135F101	377	599	SH		DFND		0	0	599
BUILDERS FIRSTSOURCE INC	COM	12008R107	854	13,240	SH		DFND		0	0	13,240
CARMAX INC	COM	143130102	202	2,102	SH		DFND		0	0	2,102
CARRIER GLOBAL CORPORATION	COM	14448C104	893	19,481	SH		DFND		0	0	19,481
CHEVRON CORP NEW	COM	166764100	290	1,776	SH		DFND		0	0	1,776
CINTAS CORP	COM	172908105	234	550	SH		DFND		0	0	550
CISCO SYS INC	COM	17275R102	644	11,502	SH		DFND		0	0	11,502
COCA COLA CO	COM	191216100	674	10,870	SH		DFND		0	0	10,870
COMCAST CORP NEW	CL A	20030N101	217	4,637	SH		DFND		0	0	4,637
CONOCOPHILLIPS	COM	20825C104	222	2,214	SH		DFND		0	0	2,214
CONSOLIDATED EDISON INC	COM	209115104	218	2,309	SH		DFND		0	0	2,309
COSTCO WHSL CORP NEW	COM	22160K105	838	1,454	SH		DFND		0	0	1,454
CVS HEALTH CORP	COM	126650100	972	9,606	SH		DFND		0	0	9,606
DANAHER CORPORATION	COM	235851102	980	3,337	SH		DFND		0	0	3,337
DEXCOM INC	COM	252131107	235	460	SH		DFND		0	0	460
DISNEY WALT CO	COM	254687106	1,949	14,206	SH		DFND		0	0	14,206
DOMINION ENERGY INC	COM	25746U109	360	4,217	SH		DFND		0	0	4,217
DOW INC	COM	260557103	403	6,312	SH		DFND		0	0	6,312
DUKE ENERGY CORP NEW	COM NEW	26441C204	298	2,675	SH		DFND		0	0	2,675
DYNATRACE INC	COM NEW	268150109	361	7,688	SH		DFND		0	0	7,688
EASTERLY GOVT PPTYS INC	COM	27616P103	263	12,420	SH		DFND		0	0	12,420
EATON VANCE TAX-MANAGED DIVE	COM	27828N102	149	10,640	SH		DFND		0	0	10,640
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	113	11,605	SH		DFND		0	0	11,605
EDWARDS LIFESCIENCES CORP	COM	28176E108	523	4,459	SH		DFND		0	0	4,459
EMERSON ELEC CO	COM	291011104	249	2,550	SH		DFND		0	0	2,550
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	631	56,538	SH		DFND		0	0	56,538
ENTERPRISE PRODS PARTNERS L	COM	293792107	355	13,780	SH		DFND		0	0	13,780
EXXON MOBIL CORP	COM	30231G102	968	11,733	SH		DFND		0	0	11,733
FIRST TR EXCH TRADED FD III	PFD SECS INC ETF	33739E108	1,140	59,888	SH		DFND		0	0	59,888
FIRST TR EXCHANGE-TRADED FD	FIRST TR ENH NEW	33739Q408	251	4,218	SH		DFND		0	0	4,218
FIRST TR EXCHANGE-TRADED FD	NY ARCA BIOTECH	33733E203	1,173	7,845	SH		DFND		0	0	7,845
FIRST TR EXCHANGE-TRADED FD	RISNG DIVD ACHIV	33738R506	273	5,565	SH		DFND		0	0	5,565
FISKER INC	CL A COM STK	33813J106	168	13,000	SH		DFND		0	0	13,000
FORD MTR CO DEL	COM	345370860	186	11,000	SH		DFND		0	0	11,000
GENERAL MTRS CO	COM	37045V100	255	5,846	SH		DFND		0	0	5,846
GILEAD SCIENCES INC	COM	375558103	676	11,341	SH		DFND		0	0	11,341
GOLUB CAP BDC INC	COM	38173M102	339	22,203	SH		DFND		0	0	22,203
HOME DEPOT INC	COM	437076102	1,662	5,547	SH		DFND		0	0	5,547
HORIZON TECHNOLOGY FIN CORP	COM	44045A102	199	14,262	SH		DFND		0	0	14,262
INTEL CORP	COM	458140100	646	12,972	SH		DFND		0	0	12,972
INTERNATIONAL BUSINESS MACHS	COM	459200101	3,322	25,545	SH		DFND		0	0	25,545
INTUIT	COM	461202103	617	1,284	SH		DFND		0	0	1,284
INTUITIVE SURGICAL INC	COM NEW	46120E602	1,192	3,950	SH		DFND		0	0	3,950
INVESCO EXCHANGE TRADED FD T	S&P 500 TOP 50	46137V233	339	962	SH		DFND		0	0	962
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	3,360	21,291	SH		DFND		0	0	21,291
IONIS PHARMACEUTICALS INC	COM	462222100	370	10,000	SH		DFND		0	0	10,000
ISHARES TR	CORE MSCI TOTAL	46432F834	468	7,035	SH		DFND		0	0	7,035
ISHARES TR	CORE S&P MCP ETF	464287507	1,527	5,686	SH		DFND		0	0	5,686
ISHARES TR	CORE S&P SCP ETF	464287804	1,758	16,300	SH		DFND		0	0	16,300
ISHARES TR	CORE S&P500 ETF	464287200	3,798	8,371	SH		DFND		0	0	8,371
ISHARES TR	CORE US AGGBD ET	464287226	249	2,337	SH		DFND		0	0	2,337
ISHARES TR	FLTG RATE NT ETF	46429B655	516	10,196	SH		DFND		0	0	10,196
ISHARES TR	MSCI EAFE ETF	464287465	295	4,015	SH		DFND		0	0	4,015
ISHARES TR	RUS 1000 ETF	464287622	301	1,197	SH		DFND		0	0	1,197
ISHARES TR	RUS 1000 VAL ETF	464287598	471	2,835	SH		DFND		0	0	2,835
ISHARES TR	SELECT DIVID ETF	464287168	1,477	11,540	SH		DFND		0	0	11,540
ISHARES TR	TIPS BD ETF	464287176	269	2,177	SH		DFND		0	0	2,177
JOHNSON & JOHNSON	COM	478160104	1,712	9,681	SH		DFND		0	0	9,681
JPMORGAN CHASE & CO	COM	46625H100	1,596	11,686	SH		DFND		0	0	11,686
KINDER MORGAN INC DEL	COM	49456B101	323	17,198	SH		DFND		0	0	17,198
KKR & CO INC	COM	48251W104	273	4,655	SH		DFND		0	0	4,655
L3HARRIS TECHNOLOGIES INC	COM	502431109	288	1,164	SH		DFND		0	0	1,164
LAUDER ESTEE COS INC	CL A	518439104	257	947	SH		DFND		0	0	947
LINDE PLC	SHS	G5494J103	242	758	SH		DFND		0	0	758
LOCKHEED MARTIN CORP	COM	539830109	263	596	SH		DFND		0	0	596
LOWES COS INC	COM	548661107	503	2,486	SH		DFND		0	0	2,486
MASIMO CORP	COM	574795100	484	3,325	SH		DFND		0	0	3,325
MASONITE INTL CORP	COM	575385109	223	2,510	SH		DFND		0	0	2,510
MASTERCARD INCORPORATED	CL A	57636Q104	5,031	14,083	SH		DFND		0	0	14,083
MATCH GROUP INC NEW	COM	57667L107	224	2,056	SH		DFND		0	0	2,056
MCCORMICK & CO INC	COM NON VTG	579780206	2,398	24,032	SH		DFND		0	0	24,032
MCDONALDS CORP	COM	580135101	586	2,378	SH		DFND		0	0	2,378
MEDTRONIC PLC	SHS	G5960L103	462	4,161	SH		DFND		0	0	4,161
MERCK & CO INC	COM	58933Y105	3,575	43,612	SH		DFND		0	0	43,612
META PLATFORMS INC	CL A	30303M102	1,959	8,818	SH		DFND		0	0	8,818
MICROSOFT CORP	COM	594918104	9,691	31,432	SH		DFND		0	0	31,432
MP MATERIALS CORP	COM CL A	553368101	247	4,300	SH		DFND		0	0	4,300
NOVARTIS AG	SPONSORED ADR	66987V109	222	2,517	SH		DFND		0	0	2,517
NVIDIA CORPORATION	COM	67066G104	336	1,239	SH		DFND		0	0	1,239
NXP SEMICONDUCTORS N V	COM	N6596X109	296	1,592	SH		DFND		0	0	1,592
NYMOX PHARMACEUTICAL CORP	COM	P73398102	35	28,000	SH		DFND		0	0	28,000
OAKTREE SPECIALTY LENDING CO	COM	67401P108	743	100,693	SH		DFND		0	0	100,693
ONEOK INC NEW	COM	682680103	1,081	15,353	SH		DFND		0	0	15,353
OTIS WORLDWIDE CORP	COM	68902V107	598	7,751	SH		DFND		0	0	7,751
PAYCHEX INC	COM	704326107	327	2,400	SH		DFND		0	0	2,400
PAYPAL HLDGS INC	COM	70450Y103	405	3,505	SH		DFND		0	0	3,505
PEPSICO INC	COM	713448108	246	1,468	SH		DFND		0	0	1,468
PFIZER INC	COM	717081103	1,379	26,683	SH		DFND		0	0	26,683
PHILIP MORRIS INTL INC	COM	718172109	294	3,119	SH		DFND		0	0	3,119
PNC FINL SVCS GROUP INC	COM	693475105	314	1,700	SH		DFND		0	0	1,700
PRICE T ROWE GROUP INC	COM	74144T108	580	3,841	SH		DFND		0	0	3,841
PROCTER AND GAMBLE CO	COM	742718109	1,147	7,507	SH		DFND		0	0	7,507
QUALCOMM INC	COM	747525103	993	6,485	SH		DFND		0	0	6,485
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	1,601	16,160	SH		DFND		0	0	16,160
REGENERON PHARMACEUTICALS	COM	75886F107	998	1,429	SH		DFND		0	0	1,429
ROPER TECHNOLOGIES INC	COM	776696106	386	816	SH		DFND		0	0	816
SALESFORCE COM INC	COM	79466L302	549	2,582	SH		DFND		0	0	2,582
SALIENT MIDSTREAM & MLP FD	SH BEN INT	79471V105	91	11,000	SH		DFND		0	0	11,000
SBA COMMUNICATIONS CORP NEW	CL A	78410G104	355	1,029	SH		DFND		0	0	1,029
SCHWAB CHARLES CORP	COM	808513105	1,324	15,714	SH		DFND		0	0	15,714
SELECT SECTOR SPDR TR	ENERGY	81369Y506	1,187	15,529	SH		DFND		0	0	15,529
SELECT SECTOR SPDR TR	FINANCIAL	81369Y605	479	12,498	SH		DFND		0	0	12,498
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	346	2,529	SH		DFND		0	0	2,529
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	673	4,234	SH		DFND		0	0	4,234
SERVICENOW INC	COM	81762P102	313	562	SH		DFND		0	0	562
SHELL PLC	SPON ADS	780259305	457	8,325	SH		DFND		0	0	8,325
SHERWIN WILLIAMS CO	COM	824348106	301	1,211	SH		DFND		0	0	1,211
SPDR GOLD TR	GOLD SHS	78463V107	416	2,304	SH		DFND		0	0	2,304
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,356	2,998	SH		DFND		0	0	2,998
SPDR SER TR	PORTFOLIO SHORT	78464A474	223	7,394	SH		DFND		0	0	7,394
SPDR SER TR	S&P 600 SMCP VAL	78464A300	885	10,621	SH		DFND		0	0	10,621
SPDR SER TR	S&P DIVID ETF	78464A763	913	7,130	SH		DFND		0	0	7,130
STARBUCKS CORP	COM	855244109	2,414	26,540	SH		DFND		0	0	26,540
STRYKER CORPORATION	COM	863667101	232	867	SH		DFND		0	0	867
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	413	3,977	SH		DFND		0	0	3,977
TESLA INC	COM	88160R101	340	315	SH		DFND		0	0	315
THERMO FISHER SCIENTIFIC INC	COM	883556102	316	537	SH		DFND		0	0	537
TRANE TECHNOLOGIES PLC	SHS	G8994E103	476	3,110	SH		DFND		0	0	3,110
TRUIST FINL CORP	COM	89832Q109	591	10,458	SH		DFND		0	0	10,458
TWITTER INC	COM	90184L102	253	6,558	SH		DFND		0	0	6,558
UNITED PARCEL SERVICE INC	CL B	911312106	245	1,146	SH		DFND		0	0	1,146
UNITED RENTALS INC	COM	911363109	327	915	SH		DFND		0	0	915
UNITEDHEALTH GROUP INC	COM	91324P102	708	1,386	SH		DFND		0	0	1,386
VALERO ENERGY CORP	COM	91913Y100	646	6,359	SH		DFND		0	0	6,359
VANECK ETF TRUST	GOLD MINERS ETF	92189F106	1,909	49,747	SH		DFND		0	0	49,747
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	416	5,341	SH		DFND		0	0	5,341
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	380	4,787	SH		DFND		0	0	4,787
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	775	5,178	SH		DFND		0	0	5,178
VANGUARD INDEX FDS	MID CAP ETF	922908629	604	2,542	SH		DFND		0	0	2,542
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	1,527	3,678	SH		DFND		0	0	3,678
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	360	2,042	SH		DFND		0	0	2,042
VANGUARD INDEX FDS	SMALL CP ETF	922908751	932	4,392	SH		DFND		0	0	4,392
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	810	4,991	SH		DFND		0	0	4,991
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	628	5,606	SH		DFND		0	0	5,606
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	297	974	SH		DFND		0	0	974
VERIZON COMMUNICATIONS INC	COM	92343V104	854	16,858	SH		DFND		0	0	16,858
VISA INC	COM CL A	92826C839	1,610	7,266	SH		DFND		0	0	7,266
VOYA FINANCIAL INC	COM	929089100	1,583	23,851	SH		DFND		0	0	23,851
WALMART INC	COM	931142103	679	4,566	SH		DFND		0	0	4,566
WEC ENERGY GROUP INC	COM	92939U106	233	2,350	SH		DFND		0	0	2,350
WHEATON PRECIOUS METALS CORP	COM	962879102	238	5,000	SH		DFND		0	0	5,000
WP CAREY INC	COM	92936U109	492	6,100	SH		DFND		0	0	6,100
YUM BRANDS INC	COM	988498101	475	4,008	SH		DFND		0	0	4,008
ZOETIS INC	CL A	98978V103	238	1,261	SH		DFND		0	0	1,261