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 0-1 Year Treasury Bond ETF
SHV
|
+$56M |
| 2 |
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
|
+$11.9M |
| 3 |
VanEck Vietnam ETF
VNM
|
+$8.98M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$8.51M |
| 5 |
Grupo Cibest SA
CIB
|
+$5.24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$58.1M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$53.7M |
| 3 |
State Street SPDR Portfolio Short Term Corporate Bond Index ETF
SPSB
|
+$10.1M |
| 4 |
NXP Semiconductors
NXPI
|
+$7.66M |
| 5 |
United Parcel Service
UPS
|
+$5.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 48.51% |
| 2 | Technology | 14.57% |
| 3 | Financials | 7.97% |
| 4 | Healthcare | 6.84% |
| 5 | Communication Services | 5.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.49B
| $78.9M | 5.04% |
1,650,884
+247,313
| +18% | +$11.9M |
2016 Q1
8 quarters
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $72.3M | 4.61% |
274,624
+2,076
| +0.8% | +$567K |
2016 Q1
8 quarters
|
|
3
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $64.8M | 4.14% |
477,365
-5,912
| -1% | -$829K |
2016 Q1
8 quarters
|
|
4
SPDR Gold Trust
GLD
$130B
| $59.3M | 3.78% |
471,032
+18,534
| +4% | +$2.34M |
2016 Q1
8 quarters
|
|
|
5
iShares 0-1 Year Treasury Bond ETF
SHV
$21.4B
| $56M | 3.57% |
+507,806
| New | +$56M |
2018 Q1
0 quarters
|
|
|
6
iShares Core US Aggregate Bond ETF
AGG
$137B
| $55.1M | 3.52% |
513,985
+79,298
| +18% | +$8.51M |
2016 Q1
8 quarters
|
|
7
Microsoft
MSFT
$3.89T
| $36.6M | 2.34% |
401,342
+2,085
| +0.5% | +$191K |
2013 Q2
19 quarters
|
|
8
Apple
AAPL
$5.18T
| $32.9M | 2.1% |
785,496
-35,192
| -4% | -$1.51M |
2013 Q2
19 quarters
|
|
9
Meta Platforms (Facebook)
META
$1.64T
| $29.8M | 1.9% |
186,422
+14,163
| +8% | +$2.54M |
2015 Q3
10 quarters
|
|
10
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$2.91B
| $23.6M | 1.5% |
490,558
+97,088
| +25% | +$4.67M |
2016 Q1
8 quarters
|
|
11
iShares S&P Small-Cap 600 Value ETF
IJS
$7.71B
| $21.2M | 1.35% |
281,262
+3,970
| +1% | +$305K |
2016 Q1
8 quarters
|
|
12
Alphabet (Google) Class A
GOOGL
$3.64T
| $20.1M | 1.29% |
388,340
+1,440
| +0.4% | +$79.8K |
2015 Q4
9 quarters
|
|
13
iShares California Muni Bond ETF
CMF
$5.42B
| $19.5M | 1.25% |
334,169
+35,136
| +12% | +$2.05M |
2016 Q1
8 quarters
|
|
14
Vanguard Information Technology ETF
VGT
$138B
| $18.5M | 1.18% |
867,464
-22,368
| -3% | -$488K |
2016 Q1
8 quarters
|
|
15
Vanguard FTSE All-World ex-US ETF
VEU
$66.6B
| $16M | 1.02% |
293,571
+5,064
| +2% | +$282K |
2016 Q1
8 quarters
|
|
16
Cisco
CSCO
$377B
| $15.9M | 1.02% |
370,943
+1
| +0% | +$42 |
2013 Q2
19 quarters
|
|
17
Johnson & Johnson
JNJ
$688B
| $12.7M | 0.81% |
99,016
+2,606
| +3% | +$352K |
2016 Q1
8 quarters
|
|
18
iShares Core S&P 500 ETF
IVV
$876B
| $12.5M | 0.8% |
47,169
+3,966
| +9% | +$1.09M |
2016 Q1
8 quarters
|
|
19
JPMorgan Chase
JPM
$919B
| $12M | 0.77% |
109,507
-207
| -0.2% | -$23.4K |
2016 Q2
7 quarters
|
|
20
iShares Core S&P Mid-Cap ETF
IJH
$124B
| $11.7M | 0.75% |
312,905
-14,280
| -4% | -$546K |
2016 Q2
7 quarters
|
|
21
Alphabet (Google) Class C
GOOG
$3.6T
| $11.4M | 0.73% |
221,380
-7,880
| -3% | -$435K |
2015 Q4
9 quarters
|
|
22
Adobe
ADBE
$94.6B
| $11.1M | 0.71% |
51,391
+18,079
| +54% | +$3.68M |
2016 Q2
7 quarters
|
|
|
23
Invesco QQQ Trust
QQQ
$467B
| $11.1M | 0.71% |
69,040
-351,804
| -84% | -$58.1M |
2016 Q1
8 quarters
|
|
24
Home Depot
HD
$348B
| $11M | 0.7% |
61,835
+51
| +0.1% | +$9.6K |
2016 Q1
8 quarters
|
|
25
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.5B
| $10.8M | 0.69% |
83,107
+1,620
| +2% | +$215K |
2013 Q4
17 quarters
|
|
Similar funds
Bailard's Q1 2018 Portfolio in Review
As of Q1 2018, Bailard held 528 positions worth $1.57B, down 1.4% from $1.59B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Bailard's Q1 2018 filing shows 99 new, 137 increased, 165 reduced and 53 closed positions. Its largest new stake was iShares 0-1 Year Treasury Bond ETF: 507,806 shares worth $56M. The largest sale was Invesco QQQ Trust, an estimated $58.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 49% of assets, down from 50% a quarter earlier, followed by Technology and Financials.
- Bailard's largest Q1 2018 buy was iShares 0-1 Year Treasury Bond ETF: 507,806 shares worth $56M.
- Bailard added most to State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in Q1 2018, an estimated $11.9M increase.
- Bailard's biggest Q1 2018 reduction was Invesco QQQ Trust, cutting an estimated $58.1M.
- Bailard fully exited NXP Semiconductors in Q1 2018, selling an estimated $7.66M.
- Bailard's ten largest holdings make up 33% of its $1.57B portfolio in Q1 2018.
- Bailard opened 99 new positions and closed 53 in Q1 2018.
- Bailard's portfolio value fell 1.4% quarter-over-quarter to $1.57B.
Based on Bailard's 13F filing for Q1 2018, filed 7 May 2018.