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B

Bailard Portfolio holdings

AUM $4.35B
1-Year Est. Return 23.57%
This Fund
S&P 500
This Quarter Est. Return
+12.46%
1 Year Est. Return
+23.57%
3 Year Est. Return
+74.84%
5 Year Est. Return
+96.64%
10 Year Est. Return
+374.16%
AUM
$3.38B
AUM Growth
+$357M
Cap. Flow
+$11.3M
Cap. Flow %
0.33%
Top 10 Hldgs %
28.56%
Holding
841
New
147
Increased
207
Reduced
242
Closed
138

Top Buys

Rank Stock Value
1
GLD icon
SPDR Gold Trust
GLD
+$62.8M
2
MUNI icon
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
+$41M
3
VTEB icon
Vanguard Tax-Exempt Bond Index Fund
VTEB
+$22.2M
4
TFI icon
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
+$17.5M
5
IBTG icon
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
+$13M

Top Sells

Rank Stock Value
1
PDBC icon
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
+$61.4M
2
CMF icon
iShares California Muni Bond ETF
CMF
+$37.9M
3
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
+$29.8M
4
MUB icon
iShares National Muni Bond ETF
MUB
+$12.4M
5
BMY icon
Bristol-Myers Squibb
BMY
+$8.52M

Sector Composition

Rank Sector Weight
1 Technology 20.41%
2 Healthcare 8.75%
3 Financials 6.76%
4 Consumer Discretionary 4.63%
5 Communication Services 4.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HD icon
26
Home Depot
HD
$330B
$28.8M 0.85%
83,026
+493
+0.6% +$153K
MUB icon
27
iShares National Muni Bond ETF
MUB
$45.2B
$26.9M 0.8%
248,340
-118,482
-32% -$12.4M
COST icon
28
Costco
COST
$411B
$26M 0.77%
39,435
+434
+1% +$257K
META icon
29
Meta Platforms (Facebook)
META
$1.59T
$25M 0.74%
70,698
-3,182
-4% -$1.04M
PG icon
30
Procter & Gamble
PG
$347B
$23.7M 0.7%
161,422
-665
-0.4% -$98.5K
JPM icon
31
JPMorgan Chase
JPM
$926B
$23.3M 0.69%
136,977
-427
-0.3% -$64.7K
JNJ icon
32
Johnson & Johnson
JNJ
$615B
$23.2M 0.69%
147,863
-3,014
-2% -$462K
VTEB icon
33
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
$23.1M 0.68%
+452,690
New +$22.2M
XLK icon
34
State Street Technology Select Sector SPDR ETF
XLK
$117B
$22.9M 0.68%
238,448
+2,464
+1% +$219K
BLK icon
35
Blackrock
BLK
$164B
$21.7M 0.64%
26,715
-162
-0.6% -$113K
COP icon
36
ConocoPhillips
COP
$145B
$21.4M 0.63%
184,630
-318
-0.2% -$37.2K
MS icon
37
Morgan Stanley
MS
$343B
$20.2M 0.6%
216,165
-2,245
-1% -$180K
TJX icon
38
TJX Companies
TJX
$172B
$20.1M 0.6%
214,222
+1,377
+0.6% +$124K
ACN icon
39
Accenture
ACN
$85.7B
$19.7M 0.58%
56,133
+1,429
+3% +$461K
QCOM icon
40
Qualcomm
QCOM
$185B
$19M 0.56%
131,616
-528
-0.4% -$65.4K
DHR icon
41
Danaher
DHR
$126B
$18.7M 0.55%
80,770
-18,716
-19% -$3.98M
IJH icon
42
iShares Core S&P Mid-Cap ETF
IJH
$123B
$18.5M 0.55%
333,360
+17,020
+5% +$863K
AMD icon
43
Advanced Micro Devices
AMD
$901B
$17.2M 0.51%
116,772
-9,327
-7% -$1.1M
WM icon
44
Waste Management
WM
$94.9B
$16M 0.48%
89,579
+2,016
+2% +$338K
KLAC icon
45
KLA
KLAC
$280B
$16M 0.47%
275,630
+530
+0.2% +$27.6K
VRTX icon
46
Vertex Pharmaceuticals
VRTX
$120B
$15.6M 0.46%
38,330
+908
+2% +$335K
ETN icon
47
Eaton
ETN
$158B
$15.5M 0.46%
64,299
+1,558
+2% +$344K
GOOG icon
48
Alphabet (Google) Class C
GOOG
$4.17T
$14.9M 0.44%
105,509
-238
-0.2% -$32.3K
VWO icon
49
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$14.5M 0.43%
353,277
-19,276
-5% -$765K
SUB icon
50
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
$13.8M 0.41%
131,350
+39,572
+43% +$4.12M
1
2
3 4 5

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EC
Eminence Capital New York $4.36B AUM 3.1% 1-Year Est. Return
SFM
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Skandinaviska Enskilda Banken (SEB)
Skandinaviska Enskilda Banken (SEB) Stockholm, Sweden $4.34B AUM 19.31% 1-Year Est. Return
NHC
Nicholas Hoffman & Company Atlanta, Georgia $4.33B AUM 18.98% 1-Year Est. Return
EQF
Evergreen Quality Fund Grand Cayman, Cayman Islands $4.37B AUM 119.42% 1-Year Est. Return
CCM
Context Capital Management Lajolla, California $4.33B AUM 1.35% 1-Year Est. Return
NEI
Northwest & Ethical Investments Toronto, Ontario, Canada $4.32B AUM 23.26% 1-Year Est. Return
Kovitz Investment Group Partners
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Bailard's Q4 2023 Portfolio in Review

As of Q4 2023, Bailard held 841 positions worth $3.38B, up 12% from $3.02B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Bailard's Q4 2023 filing shows 147 new, 207 increased, 242 reduced and 138 closed positions. Its largest new stake was Vanguard Tax-Exempt Bond Index Fund: 452,690 shares worth $23.1M. The largest sale was Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, an estimated $61.4M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.

  • Bailard's largest Q4 2023 buy was Vanguard Tax-Exempt Bond Index Fund: 452,690 shares worth $23.1M.
  • Bailard added most to SPDR Gold Trust in Q4 2023, an estimated $62.8M increase.
  • Bailard's biggest Q4 2023 reduction was Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, cutting an estimated $61.4M.
  • Bailard fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q4 2023, selling an estimated $5.5M.
  • Bailard's ten largest holdings make up 29% of its $3.38B portfolio in Q4 2023.
  • Bailard opened 147 new positions and closed 138 in Q4 2023.
  • Bailard's portfolio value rose 12% quarter-over-quarter to $3.38B.

Based on Bailard's 13F filing for Q4 2023, filed 2 Feb 2024.