SCHEDULE 13G/A: Brown Advisory Group Discloses 7.1% Stake in Guardian Pharmacy Services

Brown Advisory Inc. and its affiliates have filed an amended Schedule 13G, disclosing a collective beneficial ownership of 7.1% of Guardian Pharmacy Services, Inc.'s Class A Common Stock as of March 31, 2025.

Summary

• Brown Advisory Inc., along with its subsidiaries Brown Investment Advisory & Trust Co., Brown Advisory LLC, and Signature Financial Management, Inc., collectively reported beneficial ownership of 1,607,467 shares of Guardian Pharmacy Services, Inc.'s Class A Common Stock.
• This aggregate ownership represents 7.1% of the Class A Common Stock outstanding.
• Brown Advisory Inc. holds sole voting power over 1,600,407 shares and shared dispositive power over 1,607,467 shares.
• Brown Investment Advisory & Trust Co. holds sole voting power and shared dispositive power over 29,001 shares, representing 0.1% of the class.
• Brown Advisory LLC holds sole voting power over 1,570,715 shares and shared dispositive power over 1,576,749 shares, representing 6.9% of the class.
• Signature Financial Management, Inc. holds sole voting power over 691 shares and shared dispositive power over 1,717 shares, representing 0% of the class.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating previous disclosures of beneficial ownership.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative performance indicators or forward-looking statements from the issuer.

Future Outlook

NA

Management Comments

• Brett D. Rogers, General Counsel & Chief Compliance Officer for Brown Advisory Inc., Brown Investment Advisory & Trust Co., Brown Advisory LLC, and Signature Financial Management, Inc., certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of Guardian Pharmacy Services, Inc.

Industry Context

This filing is a standard disclosure of beneficial ownership by an institutional investor group and does not provide broader industry trends or context for the pharmacy services sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake (7.1%) by Brown Advisory Group may be viewed positively by other shareholders as it indicates institutional confidence in the company, although the filing explicitly states the shares are not held for control purposes.

Key Dates

Keywords

Guardian Pharmacy Services, Brown Advisory, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Investment Advisory