Baltimore-Washington Financial Advisors, Inc.

Columbia, MD · CIK 1555486 · 13F filing filed 2023-08-09

SEC-registered investment adviser since 2012 · corporation

Assets managed$3.0bn
Staff36 · 13 in investment roles
Main clients (by assets)High net worth individuals 69%, Individuals 30%
Form ADV · 2026-03-19SEC adviser record

$1.2bn reported value +10.7% vs Q1 2023

135positions

32.9%in top 10

14 new 49 added 68 reduced 18 sold out vs Q1 2023

Options: 0 call positions (— notional), 2 put positions ($5.9m notional) – listed below, not included above.

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS LARGE CAP ETF VV	VV	343,855	$69.7m5.58%	5.58%	Added +26.2k	+26,174 8.2%
2	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	170,665	$63.0m5.05%	5.05%	Reduced -4.9k	-4,895 -2.8%
3	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	314,320	$47.0m3.77%	3.77%	Added +88.7k	+88,746 39.3%
4	MICROSOFT CORP COM MSFT	MSFT	117,671	$40.1m3.21%	3.21%	Reduced -17.6k	-17,551 -13.0%
5	APPLE INC COM AAPL	AAPL	198,898	$38.6m3.09%	3.09%	Reduced -48.0k	-47,997 -19.4%
6	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	224,220	$36.4m2.92%	2.92%	Added +43.2k	+43,223 23.9%
7	SPDR SER TR SSGA US LRG ETF LGLV	LGLV	231,492	$32.6m2.61%	2.61%	Added +89.0k	+89,014 62.5%
8	VANGUARD INDEX FDS VALUE ETF VTV	VTV	215,204	$30.6m2.45%	2.45%	Reduced -22.3k	-22,274 -9.4%
9	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	205,910	$27.3m2.19%	2.19%	Added +31.4k	+31,428 18.0%
10	INVESCO EXCHANGE TRADED FD T S&P500 EQL TEC RSPT	RSPT	87,134	$25.6m2.05%	2.05%	Added +3.6k	+3,632 4.3%
11	NVIDIA CORPORATION COM NVDA	NVDA	60,527	$25.6m2.05%	2.05%	Reduced -26.8k	-26,824 -30.7%
12	ISHARES TR CORE S&P500 ETF IVV	IVV	56,532	$25.2m2.02%	2.02%	Added +19.2k	+19,182 51.4%
13	AMAZON COM INC COM AMZN	AMZN	181,140	$23.6m1.89%	1.89%	Added +2.1k	+2,111 1.2%
14	ALPHABET INC CAP STK CL C GOOG	GOOG	191,280	$23.1m1.85%	1.85%	Reduced -11.0k	-10,994 -5.4%
15	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	324,669	$23.0m1.84%	1.84%	Added +213.6k	+213,574 192.2%
16	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	213,886	$22.7m1.82%	1.82%	Added +9.1k	+9,080 4.4%
17	ISHARES TR U.S. MED DVC ETF IHI	IHI	394,290	$22.3m1.78%	1.78%	Added +63.4k	+63,393 19.2%
18	TEXAS INSTRS INC COM TXN	TXN	107,564	$19.4m1.55%	1.55%	Reduced -20.1k	-20,148 -15.8%
19	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	41,652	$18.5m1.48%	1.48%	Reduced -2.1k	-2,120 -4.8%
20	VISA INC COM CL A V	V	76,794	$18.2m1.46%	1.46%	Reduced -13.8k	-13,751 -15.2%
21	STRYKER CORPORATION COM SYK	SYK	58,957	$18.0m1.44%	1.44%	Reduced -16.6k	-16,574 -21.9%
22	SPDR SER TR S&P DIVID ETF SDY	SDY	146,658	$18.0m1.44%	1.44%	Added +44.4k	+44,399 43.4%
23	SPDR SERIES TRUST PORTFOLI S&P1500 SPTM	SPTM	318,112	$17.3m1.39%	1.39%	Added +204.6k	+204,616 180.3%
24	ISHARES TR U.S. FIN SVC ETF IYG	IYG	107,464	$17.0m1.36%	1.36%	Added +40.8k	+40,771 61.1%
25	SPDR SERIES TRUST PRTFLO S&P500 GW SPYG	SPYG	277,573	$16.9m1.36%	1.36%	Added +113.9k	+113,878 69.6%
26	COSTCO WHSL CORP NEW COM COST	COST	30,520	$16.4m1.32%	1.32%	Reduced -3.9k	-3,913 -11.4%
27	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	7,679	$16.4m1.31%	1.31%	Reduced -1.5k	-1,545 -16.8%
28	BLACKSTONE INC COM BX	BX	172,237	$16.0m1.28%	1.28%	Reduced -72.0k	-71,957 -29.5%
29	LABORATORY CORP AMER HLDGS COM NEW COM NEW		60,812	$14.7m1.17%	1.17%	Reduced -13.3k	-13,324 -18.0%
30	SPDR SER TR S&P 500 ESG ETF EFIV	EFIV	340,159	$14.6m1.17%	1.17%	Added +161.1k	+161,061 89.9%
31	ISHARES TR IBONDS 23 TRM TS IBONDS 23 TRM TS		551,667	$13.7m1.10%	1.10%	Added +185.7k	+185,738 50.8%
32	ISHARES TR IBONDS 24 TRM TS IBTE	IBTE	573,885	$13.7m1.09%	1.09%	Added +236.1k	+236,112 69.9%
33	UNITEDHEALTH GROUP INC COM UNH	UNH	28,325	$13.6m1.09%	1.09%	Reduced -12.2k	-12,201 -30.1%
34	ADOBE INC COM ADBE	ADBE	27,474	$13.4m1.08%	1.08%	Added +1.4k	+1,423 5.5%
35	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	116,593	$13.2m1.06%	1.06%	Reduced -23.7k	-23,740 -16.9%
36	VANGUARD INDEX FDS MID CAP ETF VO	VO	59,485	$13.1m1.05%	1.05%	Reduced -9.7k	-9,722 -14.1%
37	ISHARES TR S&P SML 600 GWT IJT	IJT	113,017	$13.0m1.04%	1.04%	Added +5.2k	+5,229 4.8%
38	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	36,298	$12.4m0.99%	0.99%	Reduced -2.4k	-2,448 -6.3%
39	BOOKING HOLDINGS INC COM BKNG	BKNG	4,373	$11.8m0.95%	0.95%	Reduced -748	-748 -14.6%
40	ISHARES TR IBONDS DEC23 ETF · principal IBONDS DEC23 ETF · principal		456,584	$11.5m0.92%	0.92%	Added +258.2k	+258,199 130.2%
41	HOME DEPOT INC COM HD	HD	36,283	$11.3m0.90%	0.90%	Reduced -12.3k	-12,345 -25.4%
42	JPMORGAN CHASE & CO COM JPM	JPM	75,918	$11.0m0.88%	0.88%	Reduced -32.9k	-32,878 -30.2%
43	MARRIOTT INTL INC NEW CL A MAR	MAR	58,744	$10.8m0.86%	0.86%	Added +6.7k	+6,730 12.9%
44	ISHARES TR IBONDS DEC24 ETF · principal IBDP · principal	IBDP	436,611	$10.7m0.86%	0.86%	Added +163.5k	+163,547 59.9%
45	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	25,406	$10.3m0.83%	0.83%	Added +8.1k	+8,096 46.8%
46	ARISTA NETWORKS INC COM COM		54,798	$8.9m0.71%	0.71%	Reduced -28.5k	-28,503 -34.2%
47	ISHARES TR CORE S&P SCP ETF IJR	IJR	88,159	$8.8m0.70%	0.70%	Added +22.8k	+22,805 34.9%
48	ON HLDG AG NAMEN AKT A ONON	ONON	265,132	$8.7m0.70%	0.70%	New
49	INMODE LTD SHS INMD	INMD	232,645	$8.7m0.70%	0.70%	Reduced -63.6k	-63,617 -21.5%
50	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	51,226	$8.5m0.68%	0.68%	Reduced -2.6k	-2,551 -4.7%
51	STARBUCKS CORP COM SBUX	SBUX	83,667	$8.3m0.66%	0.66%	Reduced -20.3k	-20,261 -19.5%
52	BLACKROCK INC COM BLK	BLK	11,687	$8.1m0.65%	0.65%	Reduced -3.8k	-3,756 -24.3%
53	ISHARES TR IBONDS 24 TRM HG IBHD	IBHD	343,129	$7.9m0.63%	0.63%	Added +139.9k	+139,887 68.8%
54	SCHWAB CHARLES CORP COM SCHW	SCHW	137,321	$7.8m0.62%	0.62%	Added +2.4k	+2,375 1.8%
55	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	149,336	$7.8m0.62%	0.62%	Reduced -39.4k	-39,360 -20.9%
56	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	24,553	$6.9m0.56%	0.56%	Added +15.2k	+15,245 163.8%
57	ROYAL CARIBBEAN GROUP COM RCL	RCL	66,199	$6.9m0.55%	0.55%	Added +247	+247 0.4%
58	COPART INC COM CPRT	CPRT	75,080	$6.8m0.55%	0.55%	Reduced -30.0k	-30,002 -28.6%
59	ARES CAPITAL CORP COM ARCC	ARCC	345,880	$6.5m0.52%	0.52%	Added +112.7k	+112,727 48.4%
60	SPDR SER TR S&P1500MOMTILT MMTM	MMTM	34,823	$6.5m0.52%	0.52%	Added +15.4k	+15,401 79.3%
61	ISHARES TR RUS MID CAP ETF IWR	IWR	87,420	$6.4m0.51%	0.51%	Reduced -52.8k	-52,788 -37.6%
62	HERSHEY CO COM HSY	HSY	25,510	$6.4m0.51%	0.51%	Added +11.1k	+11,105 77.1%
63	ISHARES TR IBONDS 25 TRM TS IBONDS 25 TRM TS		274,723	$6.4m0.51%	0.51%	Added +58.3k	+58,267 26.9%
64	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	116,604	$6.3m0.51%	0.51%	Added +20.1k	+20,134 20.9%
65	ISHARES TR IBONDS 23 TRM HG IBONDS 23 TRM HG		254,773	$6.0m0.48%	0.48%	Added +196.4k	+196,362 336.2%
66	ISHARES TR IBONDS DEC25 ETF · principal IBDQ · principal	IBDQ	244,768	$6.0m0.48%	0.48%	Added +163.7k	+163,746 202.1%
67	META PLATFORMS INC CL A META	META	20,623	$5.9m0.47%	0.47%	Reduced -7.1k	-7,097 -25.6%
68	ISHARES TR PFD AND INCM SEC PFF	PFF	188,397	$5.8m0.47%	0.47%	Reduced -38.6k	-38,644 -17.0%
69	ISHARES TR RUS TP200 GR ETF IWY	IWY	36,520	$5.8m0.46%	0.46%	Added +25.0k	+24,960 215.9%
70	AMN HEALTHCARE SVCS INC COM AMN	AMN	51,412	$5.6m0.45%	0.45%	Reduced -25.1k	-25,065 -32.8%
71	ALPHABET INC CAP STK CL A GOOGL	GOOGL	46,434	$5.6m0.44%	0.44%	Reduced -27.6k	-27,563 -37.2%
72	SALESFORCE INC COM CRM	CRM	24,422	$5.2m0.41%	0.41%	Reduced -13.0k	-13,049 -34.8%
73	HA SUSTAINABLE INFRA CAP INC COM HASI	HASI	202,230	$5.1m0.40%	0.40%	Reduced -49.2k	-49,215 -19.6%
74	NIKE INC CL B NKE	NKE	44,905	$5.0m0.40%	0.40%	Reduced -14.2k	-14,200 -24.0%
75	ISHARES TR CORE MSCI INTL IDEV	IDEV	76,071	$4.6m0.37%	0.37%	New
76	ISHARES TR INTL DIV GRWTH IGRO	IGRO	72,984	$4.5m0.36%	0.36%	New
77	ISHARES TR MSCI GBL SUS DEV SDG	SDG	56,951	$4.5m0.36%	0.36%	Added +38.2k	+38,214 203.9%
78	SPDR SERIES TRUST GLB DOW ETF DGT	DGT	39,836	$4.5m0.36%	0.36%	New
79	ADVANCED MICRO DEVICES INC COM AMD	AMD	35,618	$4.1m0.32%	0.32%	Reduced -12.2k	-12,187 -25.5%
80	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	6,128	$2.9m0.23%	0.23%	Reduced -4.6k	-4,625 -43.0%
81	ISHARES TR RUSSELL 2000 ETF IWM	IWM	15,219	$2.9m0.23%	0.23%	Added +6.8k	+6,782 80.4%
82	SOFI TECHNOLOGIES INC COM SOFI	SOFI	330,686	$2.8m0.22%	0.22%	Added +127.0k	+127,011 62.4%
83	YETI HLDGS INC COM YETI	YETI	64,509	$2.5m0.20%	0.20%	Reduced -14.6k	-14,608 -18.5%
84	PINTEREST INC CL A PINS	PINS	89,624	$2.5m0.20%	0.20%	Reduced -21.5k	-21,488 -19.3%
85	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	34,461	$2.2m0.18%	0.18%	New
86	UBER TECHNOLOGIES INC COM UBER	UBER	51,051	$2.2m0.18%	0.18%	New
87	AIRBNB INC COM CL A ABNB	ABNB	17,021	$2.2m0.17%	0.17%	New
88	ISHARES TR 0-3 MNTH TREASRY SGOV	SGOV	17,977	$1.8m0.14%	0.14%	New
89	TESLA INC COM TSLA	TSLA	5,907	$1.5m0.12%	0.12%	Added +135	+135 2.3%
90	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	32,915	$1.4m0.11%	0.11%	Reduced -16.9k	-16,917 -34.0%
91	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	40,173	$1.3m0.10%	0.10%	Reduced -51.7k	-51,740 -56.3%
92	ISHARES TR ISHARES BIOTECH IBB	IBB	9,979	$1.3m0.10%	0.10%	Reduced -12.5k	-12,454 -55.5%
93	EXXON MOBIL CORP COM XOM	XOM	11,309	$1.2m0.10%	0.10%	Reduced -1.2k	-1,230 -9.8%
94	ISHARES TR IBONDS DEC2026 · principal IBDR · principal	IBDR	50,670	$1.2m0.10%	0.10%	New
95	NUSHARES ETF TR NUVEEN ESG LRGCP NULG	NULG	17,701	$1.1m0.09%	0.09%	Reduced -1.2k	-1,151 -6.1%
96	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	13,784	$1.0m0.08%	0.08%	Reduced -168.4k	-168,441 -92.4%
97	ISHARES TR RUS MDCP VAL ETF IWS	IWS	8,839	$970.9k0.08%	0.08%	Reduced -6.5k	-6,545 -42.5%
98	ISHARES TR IBONDS 26 TRM TS IBTG	IBTG	41,289	$935.2k0.07%	0.07%	New
99	SMARTSHEET INC COM CL A SMAR	SMAR	22,480	$860.1k0.07%	0.07%	Reduced -15.5k	-15,547 -40.9%
100	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	21,996	$854.3k0.07%	0.07%	Reduced -15.5k	-15,451 -41.3%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
DISNEY WALT CO DIS	DIS	81,930	$8.2m81.9k shares
PAYPAL HLDGS INC PYPL	PYPL	68,306	$5.2m68.3k shares
CARLYLE GROUP INC CG	CG	151,832	$4.7m151.8k shares
TARGET CORP TGT	TGT	27,338	$4.5m27.3k shares
GLOBAL X FDS FINX	FINX	215,396	$4.5m215.4k shares
CHEWY INC CHWY	CHWY	72,783	$2.7m72.8k shares
ISHARES TR IBHE	IBHE	19,355	$443.4k19.4k shares
AT&T INC T	T	14,445	$278.1k14.4k shares
SPDR SER TR MDYV	MDYV	3,907	$258.2k3.9k shares
MARATHON PETE CORP MPC	MPC	1,908	$257.3k1.9k shares
ALLIANCEBERNSTEIN HLDG L P AB	AB	6,809	$248.9k6.8k shares
ISHARES TR ESML	ESML	7,216	$245.3k7.2k shares
ABBVIE INC ABBV	ABBV	1,484	$236.5k1.5k shares
NETFLIX INC NFLX	NFLX	682	$235.6k682 shares
PFIZER INC PFE	PFE	5,729	$233.8k5.7k shares
SPDR SER TR SLYV	SLYV	3,015	$229.7k3.0k shares
RIO TINTO PLC RIO	RIO	2,992	$205.3k3.0k shares
ARK ETF TR ARKK	ARKK	2	$812 shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Put	QQQ	Put	10,000	$3.7m10.0k shares	Unchanged
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	5,000	$2.2m5.0k shares	Reduced