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 Russell 2000 Value ETF
IWN
|
+$59.2M |
| 2 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$2.45M |
| 3 |
Dana Inc
DAN
|
+$2.16M |
| 4 |
LXK
Lexmark Intl Inc
LXK
|
+$2.09M |
| 5 |
iShares California Muni Bond ETF
CMF
|
+$1.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$55.1M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$6.38M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$3.59M |
| 4 |
ICICI Bank
IBN
|
+$2.86M |
| 5 |
Pilgrim's Pride
PPC
|
+$2.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 71.47% |
| 2 | Healthcare | 8.41% |
| 3 | Technology | 6.9% |
| 4 | Industrials | 3.39% |
| 5 | Real Estate | 2.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Invesco QQQ Trust
QQQ
$455B
| $69M | 9.57% |
653,303
-34,147
| -5% | -$3.59M |
2013 Q2
7 quarters
|
|
2
iShares 20+ Year Treasury Bond ETF
TLT
$48.3B
| $68.1M | 9.45% |
521,406
-15,237
| -3% | -$1.99M |
2014 Q3
2 quarters
|
|
3
iShares US Real Estate ETF
IYR
$4B
| $65M | 9.02% |
820,095
-15,397
| -2% | -$1.23M |
2013 Q2
7 quarters
|
|
|
4
iShares Russell 2000 Value ETF
IWN
$14.1B
| $63.6M | 8.83% |
616,372
+587,162
| +2,010% | +$59.2M |
2013 Q2
7 quarters
|
|
5
Vanguard Morningstar Total Stock Market ETF
VTI
$683B
| $43.6M | 6.05% |
406,756
+3,930
| +1% | +$420K |
2013 Q2
7 quarters
|
|
6
iShares Core US Aggregate Bond ETF
AGG
$138B
| $34.9M | 4.84% |
313,336
-10,069
| -3% | -$1.12M |
2013 Q2
7 quarters
|
|
7
Teva Pharmaceutical Industries Limited
TEVA
$48.9B
| $15.6M | 2.16% |
250,300
| – | – |
2014 Q2
3 quarters
|
|
8
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.51B
| $15.4M | 2.14% |
316,431
+29,805
| +10% | +$1.45M |
2013 Q2
7 quarters
|
|
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$793B
| $15.3M | 2.12% |
74,156
-266,902
| -78% | -$55.1M |
2013 Q2
7 quarters
|
|
10
State Street SPDR Portfolio Short Term Corporate Bond Index ETF
SPSB
$11B
| $11.5M | 1.59% |
373,385
-48,273
| -11% | -$1.48M |
2014 Q2
3 quarters
|
|
11
Apple
AAPL
$5.06T
| $11.1M | 1.54% |
357,312
+37,840
| +12% | +$1.14M |
2013 Q2
7 quarters
|
|
12
iShares S&P Small-Cap 600 Value ETF
IJS
$7.7B
| $11.1M | 1.54% |
186,618
+10,260
| +6% | +$597K |
2013 Q2
7 quarters
|
|
|
13
iShares California Muni Bond ETF
CMF
$5.44B
| $9.39M | 1.3% |
158,828
+32,654
| +26% | +$1.93M |
2013 Q2
7 quarters
|
|
|
14
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$2.95B
| $8.36M | 1.16% |
172,483
+50,570
| +41% | +$2.45M |
2013 Q4
5 quarters
|
|
15
State Street Financial Select Sector SPDR ETF
XLF
$55.1B
| $8.22M | 1.14% |
388,495
-3,201
| -0.8% | -$67.7K |
2013 Q2
7 quarters
|
|
16
Vanguard Information Technology ETF
VGT
$136B
| $7.57M | 1.05% |
568,760
-800
| -0.1% | -$10.6K |
2013 Q3
6 quarters
|
|
17
Vanguard Health Care ETF
VHT
$21.1B
| $7.32M | 1.01% |
53,975
+425
| +0.8% | +$56K |
2013 Q3
6 quarters
|
|
18
Vanguard Consumer Staples ETF
VDC
$8.31B
| $6.55M | 0.91% |
51,554
+440
| +0.9% | +$55.7K |
2013 Q3
6 quarters
|
|
19
Vanguard Consumer Discretionary ETF
VCR
$6.19B
| $6.2M | 0.86% |
50,620
-190
| -0.4% | -$22.6K |
2013 Q3
6 quarters
|
|
20
Vanguard Industrials ETF
VIS
$7.74B
| $5.37M | 0.75% |
50,030
+200
| +0.4% | +$21.3K |
2013 Q3
6 quarters
|
|
|
AVDL
21
DELISTED
Avadel Pharmaceuticals
AVDL
| $4.4M | 0.61% |
245,000
+110,000
| +81% | +$1.72M |
2014 Q1
4 quarters
|
|
22
Vanguard FTSE All-World ex-US ETF
VEU
$66.4B
| $4.2M | 0.58% |
86,118
+18,143
| +27% | +$872K |
2013 Q2
7 quarters
|
|
23
Johnson & Johnson
JNJ
$678B
| $4.1M | 0.57% |
40,799
+600
| +1% | +$61K |
2013 Q2
7 quarters
|
|
24
Huntington Ingalls Industries
HII
$12.2B
| $3.74M | 0.52% |
26,670
-143
| -0.5% | -$18.4K |
2013 Q3
6 quarters
|
|
25
Alaska Air
ALK
$4.65B
| $3.62M | 0.5% |
54,722
-155
| -0.3% | -$10.1K |
2013 Q3
6 quarters
|
|
Similar funds
Bailard's Q1 2015 Portfolio in Review
As of Q1 2015, Bailard held 268 positions worth $721M, up 1.8% from $708M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Bailard's Q1 2015 filing shows 36 new, 70 increased, 92 reduced and 34 closed positions. Its largest new stake was Dana Inc: 99,989 shares worth $2.12M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $55.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 71% of assets, down from 72% a quarter earlier, followed by Healthcare and Technology.
- Bailard's largest Q1 2015 buy was Dana Inc: 99,989 shares worth $2.12M.
- Bailard added most to iShares Russell 2000 Value ETF in Q1 2015, an estimated $59.2M increase.
- Bailard's biggest Q1 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $55.1M.
- Bailard fully exited Pilgrim's Pride in Q1 2015, selling an estimated $2.25M.
- Bailard's ten largest holdings make up 56% of its $721M portfolio in Q1 2015.
- Bailard opened 36 new positions and closed 34 in Q1 2015.
- Bailard's portfolio value rose 1.8% quarter-over-quarter to $721M.
Based on Bailard's 13F filing for Q1 2015, filed 7 May 2015.