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Institutional Investment Manager
Brown Advisory Securities, LLC
Brown Advisory Securities, LLC (CIK: 0001389479) incorporated in Maryland, located at 901 South Bond Street, Suite 400, Baltimore, MD. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 315 holdings with a total value of $342,978,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 KIMBERLY CLARK CORP 4,499 566,000 0.17%
152 UNITED TECHNOLOGIES CORP 5,581 566,000 0.17%
153 VANECK VECTORS ETF TR 22,668 560,000 0.16%
154 ICON PLC 7,200 557,000 0.16%
155 UNILEVER N V 12,076 556,000 0.16%
156 MAGELLAN MIDSTREAM PRTNRS LP 7,867 556,000 0.16%
157 WESTERN ASSET MUN HI INCM FD 69,504 554,000 0.16%
158 CARMAX INC 10,278 549,000 0.16%
159 ANADARKO PETE CORP 8,511 541,000 0.16%
160 ALLERGAN PLC 2,335 539,000 0.16%
161 ISHARES TR 4,610 537,000 0.16%
162 DIAGEO P L C 4,590 533,000 0.16%
163 SELECT SECTOR SPDR TR 7,461 529,000 0.15%
164 POWERSHARES ETF TRUST 12,452 527,000 0.15%
165 ISHARES TR 4,244 522,000 0.15%
166 ASTRONICS CORP 11,500 518,000 0.15%
167 ISHARES 10-20 YEAR TREASURY BOND ETF 3,496 506,000 0.15%
168 ISHARES TR 4,437 501,000 0.15%
169 NOVARTIS A G 6,289 500,000 0.15%
170 RYDEX ETF TRUST 4,610 486,000 0.14%
171 TRIPADVISOR INC 7,694 485,000 0.14%
172 MEAD JOHNSON NUTRITI 6,119 481,000 0.14%
173 COGNIZANT TECHNOLOGY SOLUTIO 10,012 478,000 0.14%
174 CROWN CASTLE INTL CORP NEW 5,021 474,000 0.14%
175 BP PLC 13,346 470,000 0.14%
176 DOW CHEM CO 8,979 466,000 0.14%
177 ANTARES PHARMA INC 275,000 462,000 0.13%
178 POWERSHARES ETF TR II 30,430 460,000 0.13%
179 POWERSHARES ETF TR II 11,017 457,000 0.13%
180 SPDR GOLD TR 3,619 455,000 0.13%
181 SPDR INDEX SHS FDS 10,456 449,000 0.13%
182 ISHARES TR 3,349 446,000 0.13%
183 ACNB CORP 16,746 445,000 0.13%
184 AUTOMATIC DATA PROCESSING IN 4,941 436,000 0.13%
185 HEXCEL CORP NEW COM 9,782 434,000 0.13%
186 ISHARES TR 6,944 411,000 0.12%
187 BOEING CO 3,107 408,000 0.12%
188 ADOBE INC 3,750 407,000 0.12%
189 LOWES COS INC 5,608 402,000 0.12%
190 ACUITY BRANDS INC 1,504 398,000 0.12%
191 SUNTRUST BKS INC 9,102 396,000 0.12%
192 ORACLE CORP 9,859 391,000 0.11%
193 AETNA INC NEW 3,418 390,000 0.11%
194 INGERSOLL-RAND PLC 5,693 387,000 0.11%
195 FIRST TR EXCHANGE-TRADED FD 19,700 386,000 0.11%
196 TARGET CORP 5,621 384,000 0.11%
197 THERMO FISHER SCIENTIFIC INC 2,391 383,000 0.11%
198 CELGENE CORP 3,667 382,000 0.11%
199 ULTIMATE SOFTWARE GROUP INCORPORATED 1,835 371,000 0.11%
200 BANK AMER CORP 23,192 365,000 0.11%
Page 4 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-004717, filed 2016.11.10).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.