Brown Advisory’s ProShares Short S&P500 SH Stock Holding History

Brown Advisory’s Portfolio SH Stock Details SH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-7,100	Closed	-$262K	–	1444
2025 Q3	$262K	Buy	+7,100	New	+$274K	﹤0.01%	1248
2023 Q4	–	Sell	-20,048	Closed	-$1.16M	–	1260
2023 Q3	$1.16M	Hold	20,048	–	–	﹤0.01%	713
2023 Q2	$1.11M	Hold	20,048	–	–	﹤0.01%	729
2023 Q1	$1.2M	Hold	20,048	–	–	﹤0.01%	710
2022 Q4	$1.29M	Hold	20,048	–	–	﹤0.01%	695
2022 Q3	$1.39M	Hold	20,048	–	–	﹤0.01%	642
2022 Q2	$1.32M	Hold	20,048	–	–	﹤0.01%	652
2022 Q1	$1.13M	Buy	+20,048	New	+$1.16M	﹤0.01%	701
2019 Q4	–	Sell	-5,236	Closed	-$547K	–	1060
2019 Q3	$547K	Buy	+5,236	New	+$554K	﹤0.01%	732

Other funds holding SH

SFM

Stack Financial Management Whitefish, Montana $1.28B AUM 18.06% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

SWA

Stratos Wealth Advisors Beachwood, Ohio $1.82B AUM 21.76% 1-Year Est. Return

Focus Partners Wealth Boston, Massachusetts $97.6B AUM 29.43% 1-Year Est. Return

Citadel Advisors Miami, Florida $875B AUM 40.89% 1-Year Est. Return

AWA

Arete Wealth Advisors Chicago, Illinois $1.51B AUM 33.02% 1-Year Est. Return

AWM

Axxcess Wealth Management Carlsbad, California $6.28B AUM 24.26% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

CPR Investments Rochester, Michigan $130M AUM 29.56% 1-Year Est. Return

NewEdge Advisors New Orleans, Louisiana $33.6B AUM 31.03% 1-Year Est. Return

Brown Advisory's SH Position: Q4 2025 in Review

Brown Advisory sold out of ProShares Short S&P500 (SH) in Q4 2025, closing a stake of 7,100 shares — an estimated $262K sold.

Brown Advisory first reported a position in SH in Q3 2019 and held it in 9 quarters. The position peaked at $1.39M in Q3 2022. 114 funds tracked by Wall St. Rank hold SH as of Q4 2025.

Brown Advisory reported no remaining ProShares Short S&P500 position as of Q4 2025 after selling out during the quarter.
Brown Advisory sold 7,100 ProShares Short S&P500 shares in Q4 2025, an estimated $262K.
Brown Advisory first reported a position in ProShares Short S&P500 in Q3 2019 and held it in 9 quarters.
Brown Advisory's ProShares Short S&P500 position peaked at $1.39M in Q3 2022.
114 funds tracked by Wall St. Rank held ProShares Short S&P500 as of Q4 2025.

Based on Brown Advisory's 13F filing for Q4 2025, filed 13 Feb 2026.