Baltimore-Washington Financial Advisors, Inc.

Columbia, MD · CIK 1555486 · 13F filing filed 2025-08-13

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

$2.1bn reported value +13.8% vs Q1 2025

171positions

31.8%in top 10

22 new 76 added 55 reduced 5 sold out vs Q1 2025

Holdings, Q2 2025

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	372,042	$106.1m4.95%	4.95%	Reduced -13.7k	-13,693 -3.5%
2	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	171,809	$94.8m4.42%	4.42%	Reduced -20.4k	-20,400 -10.6%
3	NVIDIA CORPORATION COM NVDA	NVDA	505,601	$79.9m3.72%	3.72%	Added +2.6k	+2,638 0.5%
4	MICROSOFT CORP COM MSFT	MSFT	132,761	$66.0m3.08%	3.08%	Added +6.6k	+6,587 5.2%
5	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	299,135	$61.2m2.85%	2.85%	Added +6.4k	+6,358 2.2%
6	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	335,741	$61.0m2.84%	2.84%	Reduced -2.8k	-2,784 -0.8%
7	ISHARES TR CORE S&P500 ETF IVV	IVV	97,469	$60.5m2.82%	2.82%	Added +18.3k	+18,301 23.1%
8	AMAZON COM INC COM AMZN	AMZN	235,304	$51.6m2.41%	2.41%	Added +9.3k	+9,342 4.1%
9	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	472,030	$51.5m2.40%	2.40%	Reduced -3.2k	-3,204 -0.7%
10	SPDR SERIES TRUST PORTFOLI S&P1500 SPTM	SPTM	671,034	$50.3m2.34%	2.34%	Added +28.2k	+28,171 4.4%
11	SPDR SER TR SSGA US LRG ETF LGLV	LGLV	279,627	$48.8m2.28%	2.28%	Added +4.0k	+4,016 1.5%
12	APPLE INC COM AAPL	AAPL	226,876	$46.5m2.17%	2.17%	Added +9.0k	+8,983 4.1%
13	INVESCO EXCHANGE TRADED FD T S&P500 EQL TEC RSPT	RSPT	1,118,333	$45.6m2.13%	2.13%	Reduced -2.5k	-2,537 -0.2%
14	VANGUARD INDEX FDS VALUE ETF VTV	VTV	247,946	$43.8m2.04%	2.04%	Reduced -9.6k	-9,613 -3.7%
15	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	322,077	$42.9m2.00%	2.00%	Reduced -7.5k	-7,512 -2.3%
16	COSTCO WHSL CORP NEW COM COST	COST	42,788	$42.4m1.97%	1.97%	Added +1.6k	+1,557 3.8%
17	META PLATFORMS INC CL A META	META	53,367	$39.4m1.84%	1.84%	Added +1.4k	+1,437 2.8%
18	ALPHABET INC CAP STK CL C GOOG	GOOG	219,382	$38.9m1.81%	1.81%	Added +3.8k	+3,844 1.8%
19	SPDR SERIES TRUST PRTFLO S&P500 GW SPYG	SPYG	403,403	$38.5m1.79%	1.79%	Reduced -3.9k	-3,874 -0.9%
20	JPMORGAN CHASE & CO COM JPM	JPM	124,376	$36.1m1.68%	1.68%	Added +5.5k	+5,471 4.6%
21	UBER TECHNOLOGIES INC COM UBER	UBER	383,394	$35.8m1.67%	1.67%	Added +27.8k	+27,847 7.8%
22	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	70,586	$34.3m1.60%	1.60%	Added +13.6k	+13,569 23.8%
23	VISA INC COM CL A V	V	95,150	$33.8m1.57%	1.57%	Added +5.3k	+5,295 5.9%
24	ISHARES TR U.S. FIN SVC ETF IYG	IYG	393,663	$33.7m1.57%	1.57%	Reduced -2.9k	-2,946 -0.7%
25	BOOKING HOLDINGS INC COM BKNG	BKNG	5,778	$33.5m1.56%	1.56%	Added +415	+415 7.7%
26	BLACKSTONE INC COM BX	BX	216,584	$32.4m1.51%	1.51%	Added +11.2k	+11,180 5.4%
27	STRYKER CORPORATION COM SYK	SYK	74,261	$29.4m1.37%	1.37%	Added +4.6k	+4,602 6.6%
28	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	483,679	$27.2m1.27%	1.27%	Added +25.9k	+25,921 5.7%
29	ARISTA NETWORKS INC COM SHS ANET	ANET	257,913	$26.4m1.23%	1.23%	Added +29.7k	+29,669 13.0%
30	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	138,461	$25.4m1.18%	1.18%	Added +9.3k	+9,330 7.2%
31	ISHARES TR IBONDS 28 TR HI IBHH	IBHH	1,062,806	$25.2m1.18%	1.18%	Reduced -3.0k	-3,005 -0.3%
32	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	43,158	$24.5m1.14%	1.14%	Reduced -576	-576 -1.3%
33	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	39,079	$24.1m1.13%	1.13%	Reduced -1.0k	-1,003 -2.5%
34	ROYAL CARIBBEAN GROUP COM RCL	RCL	76,846	$24.1m1.12%	1.12%	Added +8.4k	+8,358 12.2%
35	MARRIOTT INTL INC NEW CL A MAR	MAR	86,307	$23.6m1.10%	1.10%	Added +7.8k	+7,790 9.9%
36	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	923,155	$23.5m1.09%	1.09%	Added +22.8k	+22,804 2.5%
37	GALLAGHER ARTHUR J & CO COM AJG	AJG	70,936	$22.7m1.06%	1.06%	Added +16.1k	+16,076 29.3%
38	SPDR SER TR S&P 500 ESG ETF EFIV	EFIV	379,823	$22.2m1.04%	1.04%	Added +1.2k	+1,230 0.3%
39	SPDR SER TR S&P DIVID ETF SDY	SDY	163,402	$22.2m1.03%	1.03%	Added +844	+844 0.5%
40	PROGRESSIVE CORP COM PGR	PGR	77,996	$20.8m0.97%	0.97%	Added +75.4k	+75,440 2951.5%
41	TJX COS INC NEW COM TJX	TJX	161,049	$19.9m0.93%	0.93%	Added +157.3k	+157,343 4245.6%
42	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	44,591	$19.5m0.91%	0.91%	Reduced -492	-492 -1.1%
43	BLACKROCK INC COM BLK	BLK	18,208	$19.1m0.89%	0.89%	Added +2.8k	+2,767 17.9%
44	FORTINET INC COM FTNT	FTNT	166,953	$17.7m0.82%	0.82%	Added +21.0k	+21,037 14.4%
45	SPDR SER TR S&P1500MOMTILT MMTM	MMTM	64,409	$17.2m0.80%	0.80%	Added +1.9k	+1,942 3.1%
46	ON HLDG AG NAMEN AKT A ONON	ONON	317,611	$16.5m0.77%	0.77%	Added +31.3k	+31,274 10.9%
47	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	32,253	$16.4m0.77%	0.77%	Added +9.1k	+9,140 39.5%
48	ISHARES TR IBONDS 28 TRM TS IBTI	IBTI	633,631	$14.2m0.66%	0.66%	Added +32.6k	+32,649 5.4%
49	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	104,178	$14.0m0.65%	0.65%	Reduced -129.8k	-129,804 -55.5%
50	SOFI TECHNOLOGIES INC COM SOFI	SOFI	763,386	$13.9m0.65%	0.65%	Added +158.5k	+158,455 26.2%
51	TEXAS INSTRS INC COM TXN	TXN	63,177	$13.1m0.61%	0.61%	Reduced -2.5k	-2,520 -3.8%
52	BROADCOM INC COM AVGO	AVGO	46,317	$12.8m0.60%	0.60%	Added +8.8k	+8,829 23.6%
53	COPART INC COM CPRT	CPRT	257,443	$12.6m0.59%	0.59%	Added +32.0k	+32,048 14.2%
54	ISHARES TR IBONDS DEC2026 IBDR	IBDR	520,027	$12.6m0.59%	0.59%	New
55	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	103,684	$12.0m0.56%	0.56%	Added +17.2k	+17,222 19.9%
56	ISHARES TR INTL DIV GRWTH IGRO	IGRO	145,997	$11.5m0.54%	0.54%	Added +21.4k	+21,436 17.2%
57	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	170,926	$11.5m0.54%	0.54%	Added +8.3k	+8,337 5.1%
58	ARES CAPITAL CORP COM ARCC	ARCC	516,655	$11.3m0.53%	0.53%	Added +54.0k	+53,971 11.7%
59	SPDR SERIES TRUST GLB DOW ETF DGT	DGT	70,328	$10.6m0.49%	0.49%	Added +3.8k	+3,811 5.7%
60	SALESFORCE INC COM CRM	CRM	38,060	$10.4m0.48%	0.48%	Added +5.8k	+5,750 17.8%
61	ISHARES TR IBONDS 2026 TERM IBHF	IBHF	445,589	$10.4m0.48%	0.48%	Reduced -44.3k	-44,274 -9.0%
62	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	51,909	$10.1m0.47%	0.47%	Reduced -4.8k	-4,835 -8.5%
63	ISHARES TR IBONDS 26 TRM TS IBTG	IBTG	435,120	$10.0m0.46%	0.46%	Reduced -47.5k	-47,488 -9.8%
64	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	136,906	$10.0m0.46%	0.46%	Reduced -1.6k	-1,604 -1.2%
65	ISHARES TR CORE MSCI INTL IDEV	IDEV	128,871	$9.8m0.46%	0.46%	Added +17.9k	+17,896 16.1%
66	SOUTHERN CO COM SO	SO	106,443	$9.8m0.46%	0.46%	Added +16.9k	+16,913 18.9%
67	HOME DEPOT INC COM HD	HD	25,372	$9.3m0.43%	0.43%	Reduced -25.6k	-25,618 -50.2%
68	ISHARES TR IBONDS 25 TRM TS IBONDS 25 TRM TS		396,749	$9.3m0.43%	0.43%	Reduced -27.6k	-27,629 -6.5%
69	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	362,597	$9.1m0.43%	0.43%	New
70	VANGUARD INDEX FDS MID CAP ETF VO	VO	32,588	$9.1m0.42%	0.42%	Reduced -36.0k	-35,963 -52.5%
71	ALPHABET INC CAP STK CL A GOOGL	GOOGL	50,727	$8.9m0.42%	0.42%	Added +5.8k	+5,792 12.9%
72	KKR & CO INC COM KKR	KKR	56,720	$7.5m0.35%	0.35%	Added +11.3k	+11,271 24.8%
73	ISHARES TR RUS MID CAP ETF IWR	IWR	81,786	$7.5m0.35%	0.35%	Reduced -2.5k	-2,532 -3.0%
74	UNITEDHEALTH GROUP INC COM UNH	UNH	23,611	$7.4m0.34%	0.34%	Reduced -1.6k	-1,582 -6.3%
75	FERRARI N V COM RACE	RACE	14,297	$7.0m0.33%	0.33%	Added +3.5k	+3,523 32.7%
76	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	8,311	$6.7m0.31%	0.31%	New
77	SAP SE SPON ADR SAP	SAP	20,871	$6.3m0.30%	0.30%	New
78	ISHARES TR S&P SML 600 GWT IJT	IJT	44,706	$5.9m0.28%	0.28%	Reduced -68.6k	-68,553 -60.5%
79	AT&T INC COM T	T	96,597	$2.8m0.13%	0.13%	New
80	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	4,481	$2.5m0.12%	0.12%	Reduced -247	-247 -5.2%
81	ISHARES TR IBONDS 29 TR HI IBHI	IBHI	88,737	$2.1m0.10%	0.10%	Added +73.9k	+73,874 497.0%
82	ISHARES TR IBONDS DEC 29 IBDU	IBDU	83,094	$1.9m0.09%	0.09%	Added +68.4k	+68,388 465.0%
83	NUSHARES ETF TR NUVEEN ESG LRGCP NULG	NULG	16,811	$1.6m0.07%	0.07%	Added +98	+98 0.6%
84	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	27,507	$1.4m0.07%	0.07%	Reduced -1.0k	-1,044 -3.7%
85	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	4,701	$1.4m0.07%	0.07%	Reduced -945	-945 -16.7%
86	EXXON MOBIL CORP COM XOM	XOM	12,387	$1.3m0.06%	0.06%	Added +1.0k	+1,020 9.0%
87	ISHARES TR RUS 1000 GRW ETF IWF	IWF	3,136	$1.3m0.06%	0.06%	Reduced -14	-14 -0.4%
88	ISHARES TR RUSSELL 2000 ETF IWM	IWM	6,149	$1.3m0.06%	0.06%	Reduced -17.2k	-17,204 -73.7%
89	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	31,389	$1.3m0.06%	0.06%	Reduced -363	-363 -1.1%
90	ISHARES TR IBONDS 25 TRM HG IBHE	IBHE	49,273	$1.1m0.05%	0.05%	Reduced -4.4k	-4,358 -8.1%
91	TESLA INC COM TSLA	TSLA	3,369	$1.1m0.05%	0.05%	Added +94	+94 2.9%
92	ISHARES TR RUS MDCP VAL ETF IWS	IWS	7,301	$964.8k0.04%	0.04%	Reduced -193	-193 -2.6%
93	INVESCO EXCH TRADED FD TR II S&P SMLCP INFO PSCT	PSCT	20,569	$951.1k0.04%	0.04%	Unchanged
94	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	21,610	$926.9k0.04%	0.04%	Unchanged
95	DISNEY WALT CO COM DIS	DIS	6,957	$862.7k0.04%	0.04%	Added +88	+88 1.3%
96	ISHARES TR ISHARES BIOTECH IBB	IBB	6,799	$860.1k0.04%	0.04%	Reduced -16	-16 -0.2%
97	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	20,009	$852.4k0.04%	0.04%	Reduced -108	-108 -0.5%
98	ISHARES TR CORE S&P SCP ETF IJR	IJR	7,749	$846.8k0.04%	0.04%	Reduced -82.5k	-82,453 -91.4%
99	TRI CONTL CORP COM TY	TY	24,416	$773.0k0.04%	0.04%	Reduced -16.4k	-16,388 -40.2%
100	CONSTELLATION ENERGY CORP COM CEG	CEG	2,356	$760.4k0.04%	0.04%	Reduced -101	-101 -4.1%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
ISHARES TR IBDR	IBDR	632,647	$15.3m632.6k shares
ISHARES TR IBDQ	IBDQ	452,364	$11.4m452.4k shares
ROCKET LAB USA INC		13,102	$234.3k13.1k shares
ISHARES TR USHY	USHY	5,993	$220.6k6.0k shares
DEXCOM INC DXCM 0.25 11.15.25	DXCM 0.25 11.15.25	11,000	$10.7k11.0k shares