Bailard Portfolio holdings
Bailard is an independent wealth and asset manager, started in 1969 by three alumni of the Stanford Graduate School of Business. In 1979 it brought out one of the earliest US mutual funds that invests in foreign stocks, and in 1990 it began serving pension funds, endowments and foundations and introduced a commercial real estate fund. Its equity portfolios mix model-based research, company analysis and judgment, and for clients who want their investments to reflect social and environmental values it builds sustainable and impact portfolios. It was formerly called Bailard, Biehl & Kaiser, and is a wholly owned subsidiary of the privately owned BB&K Holdings; Sonya Mughal became chief executive in 2021 after 27 years at the firm.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$54.7M |
| 2 |
iShares US Real Estate ETF
IYR
|
+$54.5M |
| 3 |
Sprott Physical Gold
PHYS
|
+$2.91M |
| 4 |
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
|
+$2.7M |
| 5 |
Valero Energy
VLO
|
+$2.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$56.3M |
| 2 |
iShares Russell 2000 Value ETF
IWN
|
+$54.6M |
| 3 |
SPDR Gold Trust
GLD
|
+$2.88M |
| 4 |
Generac Holdings
GNRC
|
+$2.06M |
| 5 |
VCA Inc.
WOOF
|
+$1.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 74.94% |
| 2 | Technology | 5.71% |
| 3 | Healthcare | 4.18% |
| 4 | Industrials | 3.13% |
| 5 | Real Estate | 2.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
State Street SPDR S&P 500 ETF Trust
SPY
$780B
| $76.3M | 12.11% |
408,233
-7,100
| -2% | -$1.3M |
2013 Q2
3 quarters
|
|
2
Invesco QQQ Trust
QQQ
$445B
| $68.4M | 10.84% |
779,727
+2,049
| +0.3% | +$181K |
2013 Q2
3 quarters
|
|
|
3
iShares US Real Estate ETF
IYR
$4.04B
| $56.7M | 8.99% |
837,929
+820,554
| +4,723% | +$54.5M |
2013 Q2
3 quarters
|
|
|
4
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.7B
| $55.7M | 8.84% |
476,343
+472,018
| +10,914% | +$54.7M |
2013 Q2
3 quarters
|
|
5
Vanguard Morningstar Total Stock Market ETF
VTI
$672B
| $44.9M | 7.13% |
461,029
+1,306
| +0.3% | +$125K |
2013 Q2
3 quarters
|
|
|
6
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.51B
| $34.1M | 5.41% |
703,581
+55,367
| +9% | +$2.7M |
2013 Q2
3 quarters
|
|
7
iShares Core US Aggregate Bond ETF
AGG
$139B
| $27.7M | 4.39% |
256,716
+5,587
| +2% | +$601K |
2013 Q2
3 quarters
|
|
8
State Street Financial Select Sector SPDR ETF
XLF
$54.2B
| $7.64M | 1.21% |
389,772
-3,691
| -0.9% | -$70.5K |
2013 Q2
3 quarters
|
|
9
iShares S&P Small-Cap 600 Value ETF
IJS
$7.55B
| $7.58M | 1.2% |
133,708
+650
| +0.5% | +$35.9K |
2013 Q2
3 quarters
|
|
10
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$2.99B
| $7.41M | 1.17% |
159,282
+18,165
| +13% | +$839K |
2013 Q4
1 quarter
|
|
11
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.7B
| $6M | 0.95% |
113,722
+10,060
| +10% | +$531K |
2013 Q2
3 quarters
|
|
12
Vanguard Information Technology ETF
VGT
$135B
| $6M | 0.95% |
524,000
+12,400
| +2% | +$140K |
2013 Q3
2 quarters
|
|
13
Vanguard Health Care ETF
VHT
$20.7B
| $5.67M | 0.9% |
53,045
+825
| +2% | +$87.3K |
2013 Q3
2 quarters
|
|
14
Vanguard Consumer Staples ETF
VDC
$8.2B
| $5.64M | 0.89% |
50,910
-410
| -0.8% | -$44.1K |
2013 Q3
2 quarters
|
|
15
Vanguard Consumer Discretionary ETF
VCR
$6.03B
| $5.49M | 0.87% |
51,870
-405
| -0.8% | -$42.8K |
2013 Q3
2 quarters
|
|
16
Vanguard Industrials ETF
VIS
$7.82B
| $4.95M | 0.79% |
49,230
-475
| -1% | -$46.8K |
2013 Q3
2 quarters
|
|
17
Apple
AAPL
$4.98T
| $4.91M | 0.78% |
255,976
-9,212
| -3% | -$175K |
2013 Q2
3 quarters
|
|
18
iShares California Muni Bond ETF
CMF
$5.48B
| $4.89M | 0.78% |
86,440
+6,816
| +9% | +$382K |
2013 Q2
3 quarters
|
|
19
IBM
IBM
$232B
| $4.55M | 0.72% |
24,731
-1,914
| -7% | -$337K |
2013 Q2
3 quarters
|
|
20
ExxonMobil
XOM
$677B
| $4.25M | 0.67% |
43,466
-3,280
| -7% | -$313K |
2013 Q2
3 quarters
|
|
|
21
iShares MSCI EAFE ETF
EFA
$75.6B
| $4.08M | 0.65% |
60,792
-852,171
| -93% | -$56.3M |
2013 Q2
3 quarters
|
|
22
Johnson & Johnson
JNJ
$665B
| $3.87M | 0.61% |
39,373
-14
| -0% | -$1.3K |
2013 Q2
3 quarters
|
|
23
Vanguard Energy ETF
VDE
$10.4B
| $3.82M | 0.61% |
29,775
+1,240
| +4% | +$153K |
2013 Q3
2 quarters
|
|
|
BT
24
DELISTED
BT Group plc (ADR)
BT
| $3.7M | 0.59% |
115,878
-128
| -0.1% | -$4.15K |
2013 Q2
3 quarters
|
|
25
Microsoft
MSFT
$3.94T
| $3.5M | 0.56% |
85,382
-32,133
| -27% | -$1.21M |
2013 Q2
3 quarters
|
|
Similar funds
Bailard's Q1 2014 Portfolio in Review
As of Q1 2014, Bailard held 265 positions worth $630M, up 1.7% from $620M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Bailard's Q1 2014 filing shows 41 new, 53 increased, 84 reduced and 50 closed positions. Its largest new stake was Sprott Physical Gold: 270,375 shares worth $2.88M. The largest sale was iShares MSCI EAFE ETF, an estimated $56.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 75% of assets, up from 74% a quarter earlier, followed by Technology and Healthcare.
- Bailard's largest Q1 2014 buy was Sprott Physical Gold: 270,375 shares worth $2.88M.
- Bailard added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q1 2014, an estimated $54.7M increase.
- Bailard's biggest Q1 2014 reduction was iShares MSCI EAFE ETF, cutting an estimated $56.3M.
- Bailard fully exited Generac Holdings in Q1 2014, selling an estimated $2.06M.
- Bailard's ten largest holdings make up 61% of its $630M portfolio in Q1 2014.
- Bailard opened 41 new positions and closed 50 in Q1 2014.
- Bailard's portfolio value rose 1.7% quarter-over-quarter to $630M.
Based on Bailard's 13F filing for Q1 2014, filed 30 Apr 2014.