MARYLAND CAPITAL ADVISORS INC. Q4 2025 Filing

Filed January 20, 2026

Portfolio Value

$295.5M

Holdings

271

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (271 positions)

#	Stock	Shares	Value	% Portfolio
1	IGSBISHARES TR	1,241,553	$65.7M	22.22%
2	VCSHVANGUARD SCOTTSDALE FDS	280,664	$22.4M	7.57%
3	VTIVANGUARD INDEX FDS	56,289	$18.9M	6.39%
4	DFAUDIMENSIONAL ETF TRUST	375,239	$17.6M	5.94%
5	AAPLAPPLE INC	48,491	$13.2M	4.46%
6	VTVVANGUARD INDEX FDS	68,943	$13.2M	4.46%
7	DFLVDIMENSIONAL ETF TRUST	351,235	$12.0M	4.07%
8	DFIVDIMENSIONAL ETF TRUST	232,118	$11.6M	3.92%
9	DFAIDIMENSIONAL ETF TRUST	216,531	$8.3M	2.79%
10	ISTBISHARES TR	163,051	$7.9M	2.69%
11	DFNMDIMENSIONAL ETF TRUST	147,095	$7.1M	2.40%
12	EFVISHARES TR	75,742	$5.4M	1.83%
13	DFATDIMENSIONAL ETF TRUST	83,791	$5.0M	1.69%
14	DFEVDIMENSIONAL ETF TRUST	133,218	$4.5M	1.52%
15	VTIPVANGUARD MALVERN FDS	85,416	$4.2M	1.43%
16	DFARDIMENSIONAL ETF TRUST	163,162	$3.7M	1.26%
17	DFASDIMENSIONAL ETF TRUST	49,616	$3.5M	1.17%
18	VNQIVANGUARD INTL EQUITY INDEX F	72,782	$3.3M	1.13%
19	EMXCISHARES INC	44,735	$3.3M	1.10%
20	IWFISHARES TR	6,529	$3.1M	1.05%
21	DISVDIMENSIONAL ETF TRUST	77,065	$2.9M	0.99%
22	DFUSDIMENSIONAL ETF TRUST	37,731	$2.8M	0.95%
23	VBRVANGUARD INDEX FDS	12,892	$2.7M	0.92%
24	VEAVANGUARD TAX-MANAGED FDS	43,581	$2.7M	0.92%
25	DFSDDIMENSIONAL ETF TRUST	53,835	$2.6M	0.87%
26	DFISDIMENSIONAL ETF TRUST	57,663	$1.9M	0.64%
27	VBVANGUARD INDEX FDS	7,326	$1.9M	0.64%
28	IWDISHARES TR	8,964	$1.9M	0.64%
29	DUHPDIMENSIONAL ETF TRUST	48,233	$1.8M	0.62%
30	VNQVANGUARD INDEX FDS	19,640	$1.7M	0.59%
31	WMTWALMART INC	14,378	$1.6M	0.54%
32	EWXSPDR INDEX SHS FDS	24,141	$1.6M	0.54%
33	NVDANVIDIA CORPORATION	7,905	$1.5M	0.50%
34	SUBISHARES TR	13,433	$1.4M	0.48%
35	IUSVISHARES TR	13,061	$1.3M	0.45%
36	IYWISHARES TR	6,680	$1.3M	0.45%
37	VYMIVANGUARD WHITEHALL FDS	14,608	$1.3M	0.44%
38	MSFTMICROSOFT CORP	2,288	$1.1M	0.37%
39	BRK/BBERKSHIRE HATHAWAY INC DEL	2,058	$1.0M	0.35%
40	AVGOBROADCOM INC	2,977	$1.0M	0.35%
41	VOOVANGUARD INDEX FDS	1,466	$919K	0.31%
42	SPYSPDR S&P 500 ETF TR	1,066	$726K	0.25%
43	DIHPDIMENSIONAL ETF TRUST	21,927	$694K	0.23%
44	VIGVANGUARD SPECIALIZED FUNDS	3,002	$659K	0.22%
45	MGKVANGUARD WORLD FD	1,570	$648K	0.22%
46	IWPISHARES TR	4,656	$637K	0.22%
47	IEMGISHARES INC	9,186	$617K	0.21%
48	IBDRISHARES TR	24,864	$602K	0.20%
49	CVXCHEVRON CORP NEW	3,856	$587K	0.20%
50	ICSHISHARES TR	11,250	$569K	0.19%
51	IFGLISHARES TR	23,987	$553K	0.19%
52	ADPAUTOMATIC DATA PROCESSING IN	2,080	$535K	0.18%
53	EDIVSPDR INDEX SHS FDS	12,726	$498K	0.17%
54	VSSVANGUARD INTL EQUITY INDEX F	3,328	$476K	0.16%
55	JPMJPMORGAN CHASE & CO.	1,409	$453K	0.15%
56	DEHPDIMENSIONAL ETF TRUST	13,349	$430K	0.15%
57	VWOVANGUARD INTL EQUITY INDEX F	7,965	$428K	0.14%
58	RWXSPDR INDEX SHS FDS	14,837	$415K	0.14%
59	EEMISHARES TR	7,445	$407K	0.14%
60	AQLTISHARES TR	4,046	$361K	0.12%
61	ITWILLINOIS TOOL WKS INC	1,440	$354K	0.12%
62	HDHOME DEPOT INC	975	$335K	0.11%
63	MCXMCCORMICK & CO INC	4,883	$332K	0.11%
64	GBLIGLOBAL INDEMNITY GROUP LLC	11,629	$330K	0.11%
65	XOMEXXON MOBIL CORP	2,720	$327K	0.11%
66	DFUVDIMENSIONAL ETF TRUST	6,714	$312K	0.11%
67	PGPROCTER AND GAMBLE CO	2,171	$311K	0.11%
68	IBDSISHARES TR	12,429	$301K	0.10%
69	ACWIISHARES TR	2,130	$301K	0.10%
70	JNJJOHNSON & JOHNSON	1,445	$299K	0.10%
71	DFAEDIMENSIONAL ETF TRUST	9,154	$298K	0.10%
72	JETSETF SER SOLUTIONS	10,461	$293K	0.10%
73	MRKMERCK & CO INC	2,777	$292K	0.10%
74	MDYSPDR S&P MIDCAP 400 ETF TR	476	$287K	0.10%
75	IWSISHARES TR	2,028	$286K	0.10%
76	IBMINTERNATIONAL BUSINESS MACHS	944	$279K	0.09%
77	BLKBLACKROCK INC	238	$254K	0.09%
78	IJRISHARES TR	1,964	$236K	0.08%
79	NSCNORFOLK SOUTHN CORP	789	$227K	0.08%
80	AMGNAMGEN INC	696	$227K	0.08%
81	ABBVABBVIE INC	987	$225K	0.08%
82	SYYSYSCO CORP	2,999	$220K	0.07%
83	VUGVANGUARD INDEX FDS	421	$205K	0.07%
84	METAMETA PLATFORMS INC	289	$190K	0.06%
85	GEGE AEROSPACE	617	$190K	0.06%
86	SCHDSCHWAB STRATEGIC TR	6,581	$180K	0.06%
87	DFEMDIMENSIONAL ETF TRUST	5,401	$178K	0.06%
88	IGLBISHARES TR	3,472	$175K	0.06%
89	USMVISHARES TR	1,848	$174K	0.06%
90	EFAISHARES TR	1,744	$167K	0.06%
91	CSCOCISCO SYS INC	2,034	$156K	0.05%
92	TLTISHARES TR	1,772	$154K	0.05%
93	VTVANGUARD INTL EQUITY INDEX F	1,098	$154K	0.05%
94	IYJISHARES TR	1,000	$148K	0.05%
95	MCDMCDONALDS CORP	479	$146K	0.05%
96	GWWWW GRAINGER INC	139	$140K	0.05%
97	DISDISNEY WALT CO	1,216	$138K	0.05%
98	VGTVANGUARD WORLD FD	179	$134K	0.05%
99	DFICDIMENSIONAL ETF TRUST	3,801	$130K	0.04%
100	VONGVANGUARD SCOTTSDALE FDS	898	$109K	0.04%

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