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 US Real Estate ETF
IYR
|
+$60.2M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$6.86M |
| 3 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$3.9M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$3.05M |
| 5 |
Sprott Physical Gold
PHYS
|
+$3.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$59.1M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$7.79M |
| 3 |
SPDR Gold Trust
GLD
|
+$3.43M |
| 4 |
Vanguard Energy ETF
VDE
|
+$2.57M |
| 5 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$2.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 71.64% |
| 2 | Technology | 6.67% |
| 3 | Healthcare | 6.46% |
| 4 | Industrials | 3.54% |
| 5 | Financials | 2.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Invesco QQQ Trust
QQQ
$460B
| $71M | 10.03% |
687,450
-13,937
| -2% | -$1.41M |
2013 Q2
6 quarters
|
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$795B
| $70.1M | 9.9% |
341,058
-38,759
| -10% | -$7.79M |
2013 Q2
6 quarters
|
|
3
iShares 20+ Year Treasury Bond ETF
TLT
$47.6B
| $67.6M | 9.54% |
536,643
-5,247
| -1% | -$636K |
2014 Q3
1 quarter
|
|
|
4
iShares US Real Estate ETF
IYR
$4.02B
| $64.2M | 9.07% |
835,492
+805,071
| +2,646% | +$60.2M |
2013 Q2
6 quarters
|
|
5
Vanguard Morningstar Total Stock Market ETF
VTI
$681B
| $42.7M | 6.03% |
402,826
-3,772
| -0.9% | -$390K |
2013 Q2
6 quarters
|
|
|
6
iShares Core US Aggregate Bond ETF
AGG
$140B
| $35.6M | 5.03% |
323,405
+27,749
| +9% | +$3.05M |
2013 Q2
6 quarters
|
|
|
7
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
| $14.4M | 2.03% |
250,300
+70,000
| +39% | +$3.9M |
2014 Q2
2 quarters
|
|
8
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
| $13.9M | 1.97% |
286,626
-46,938
| -14% | -$2.29M |
2013 Q2
6 quarters
|
|
9
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$11.3B
| $12.9M | 1.82% |
421,658
+40,962
| +11% | +$1.26M |
2014 Q2
2 quarters
|
|
10
iShares S&P Small-Cap 600 Value ETF
IJS
$7.79B
| $10.4M | 1.47% |
176,358
+50,476
| +40% | +$2.85M |
2013 Q2
6 quarters
|
|
11
Apple
AAPL
$4.94T
| $8.82M | 1.25% |
319,472
+7,640
| +2% | +$208K |
2013 Q2
6 quarters
|
|
12
State Street Financial Select Sector SPDR ETF
XLF
$53.7B
| $8.5M | 1.2% |
391,696
-4,740
| -1% | -$99.3K |
2013 Q2
6 quarters
|
|
|
13
iShares Core S&P 500 ETF
IVV
$866B
| $7.5M | 1.06% |
36,261
+33,879
| +1,422% | +$6.86M |
2013 Q2
6 quarters
|
|
14
Vanguard Information Technology ETF
VGT
$140B
| $7.44M | 1.05% |
569,560
+39,984
| +8% | +$510K |
2013 Q3
5 quarters
|
|
15
iShares California Muni Bond ETF
CMF
$5.37B
| $7.43M | 1.05% |
126,174
+11,946
| +10% | +$703K |
2013 Q2
6 quarters
|
|
16
Vanguard Health Care ETF
VHT
$20.6B
| $6.72M | 0.95% |
53,550
-350
| -0.6% | -$43K |
2013 Q3
5 quarters
|
|
17
Vanguard Consumer Staples ETF
VDC
$8.33B
| $6.4M | 0.9% |
51,114
+49
| +0.1% | +$6.03K |
2013 Q3
5 quarters
|
|
18
Vanguard Consumer Discretionary ETF
VCR
$6.08B
| $5.94M | 0.84% |
50,810
-370
| -0.7% | -$41.4K |
2013 Q3
5 quarters
|
|
|
19
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$2.96B
| $5.89M | 0.83% |
121,913
-50,681
| -29% | -$2.44M |
2013 Q4
4 quarters
|
|
20
Vanguard Industrials ETF
VIS
$8.15B
| $5.32M | 0.75% |
49,830
+175
| +0.4% | +$18.3K |
2013 Q3
5 quarters
|
|
21
ICICI Bank
IBN
$108B
| $4.39M | 0.62% |
418,385
+297,000
| +245% | +$3.03M |
2014 Q1
3 quarters
|
|
22
Johnson & Johnson
JNJ
$651B
| $4.2M | 0.59% |
40,199
+28
| +0.1% | +$2.95K |
2013 Q2
6 quarters
|
|
23
ExxonMobil
XOM
$733B
| $3.97M | 0.56% |
42,900
+269
| +0.6% | +$25.1K |
2013 Q2
6 quarters
|
|
24
Microsoft
MSFT
$3.77T
| $3.82M | 0.54% |
82,141
-2,020
| -2% | -$94.8K |
2013 Q2
6 quarters
|
|
25
Enanta Pharmaceuticals
ENTA
$304M
| $3.79M | 0.54% |
74,500
-17,000
| -19% | -$761K |
2013 Q3
5 quarters
|
|
Similar funds
Bailard's Q4 2014 Portfolio in Review
As of Q4 2014, Bailard held 272 positions worth $708M, up 8.6% from $652M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Bailard deployed $26.5M of net new capital in Q4 2014, opening 40 new positions and adding to 81 existing holdings. Its largest new stake was Sprott Physical Gold: 306,380 shares worth $2.99M.
By sector, the portfolio is most concentrated in Miscellaneous at 72% of assets, down from 74% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $59.1M trimmed.
- Bailard's largest Q4 2014 buy was Sprott Physical Gold: 306,380 shares worth $2.99M.
- Bailard added most to iShares US Real Estate ETF in Q4 2014, an estimated $60.2M increase.
- Bailard's biggest Q4 2014 reduction was Vanguard Total Bond Market, cutting an estimated $59.1M.
- Bailard fully exited Helmerich & Payne in Q4 2014, selling an estimated $2.04M.
- Bailard's ten largest holdings make up 57% of its $708M portfolio in Q4 2014.
- Bailard opened 40 new positions and closed 40 in Q4 2014.
- Bailard's portfolio value rose 8.6% quarter-over-quarter to $708M.
Based on Bailard's 13F filing for Q4 2014, filed 26 Jan 2015.