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
|
+$56.7M |
| 2 |
Vanguard Total Bond Market
BND
|
+$56M |
| 3 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$16.8M |
| 4 |
iShares US Treasury Bond ETF
GOVT
|
+$11.4M |
| 5 |
iShares MBS ETF
MBB
|
+$11.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$58.5M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$31.9M |
| 3 |
iShares Gold Trust
IAU
|
+$29.4M |
| 4 |
SPDR Gold Trust
GLD
|
+$22.9M |
| 5 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$8.19M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 54.76% |
| 2 | Technology | 14.2% |
| 3 | Healthcare | 7.25% |
| 4 | Financials | 4.98% |
| 5 | Communication Services | 4.91% |
| 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
$795B
| $78.6M | 4.81% |
268,327
+1,548
| +0.6% | +$446K |
2016 Q1
13 quarters
|
|
2
Vanguard Morningstar Total Stock Market ETF
VTI
$681B
| $75.7M | 4.63% |
504,079
+4,621
| +0.9% | +$681K |
2016 Q1
13 quarters
|
|
3
Invesco QQQ Trust
QQQ
$460B
| $71.3M | 4.36% |
381,898
-810
| -0.2% | -$149K |
2016 Q1
13 quarters
|
|
|
4
iShares US Real Estate ETF
IYR
$4.02B
| $58.2M | 3.56% |
667,045
+647,157
| +3,254% | +$56.7M |
2016 Q1
13 quarters
|
|
|
5
Vanguard Total Bond Market
BND
$164B
| $57.1M | 3.49% |
+687,016
| New | +$56M |
2019 Q2
0 quarters
|
|
6
Microsoft
MSFT
$3.77T
| $48.2M | 2.95% |
360,099
-23,666
| -6% | -$3M |
2013 Q2
24 quarters
|
|
|
7
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$11.3B
| $38.1M | 2.33% |
1,236,347
+549,576
| +80% | +$16.8M |
2016 Q1
13 quarters
|
|
8
Apple
AAPL
$4.94T
| $34.3M | 2.1% |
694,196
-11,420
| -2% | -$556K |
2013 Q2
24 quarters
|
|
9
iShares S&P Small-Cap 600 Value ETF
IJS
$7.79B
| $28.9M | 1.77% |
389,316
+20,102
| +5% | +$1.49M |
2016 Q1
13 quarters
|
|
10
Vanguard Information Technology ETF
VGT
$140B
| $24.8M | 1.52% |
942,320
+192
| +0% | +$4.95K |
2016 Q1
13 quarters
|
|
11
Meta Platforms (Facebook)
META
$1.58T
| $24.4M | 1.49% |
126,301
-17,348
| -12% | -$3.17M |
2015 Q3
15 quarters
|
|
12
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
| $21.6M | 1.32% |
441,178
-92,293
| -17% | -$4.49M |
2016 Q1
13 quarters
|
|
13
iShares California Muni Bond ETF
CMF
$5.37B
| $21.3M | 1.3% |
350,827
-1,793
| -0.5% | -$108K |
2016 Q1
13 quarters
|
|
14
Cisco
CSCO
$401B
| $20.9M | 1.28% |
382,531
-95
| -0% | -$5.25K |
2013 Q2
24 quarters
|
|
15
Vanguard FTSE All-World ex-US ETF
VEU
$66.4B
| $20.5M | 1.25% |
401,294
+36,099
| +10% | +$1.82M |
2016 Q1
13 quarters
|
|
16
Alphabet (Google) Class A
GOOGL
$3.43T
| $19.9M | 1.22% |
367,800
-6,480
| -2% | -$375K |
2015 Q4
14 quarters
|
|
|
17
iShares US Treasury Bond ETF
GOVT
$43B
| $19.2M | 1.17% |
742,708
+449,117
| +153% | +$11.4M |
2019 Q1
1 quarter
|
|
|
18
iShares Core US Aggregate Bond ETF
AGG
$140B
| $18.1M | 1.11% |
162,684
-291,374
| -64% | -$31.9M |
2016 Q1
13 quarters
|
|
19
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.4B
| $17.9M | 1.09% |
136,914
+8,611
| +7% | +$1.12M |
2013 Q4
22 quarters
|
|
20
iShares Core S&P 500 ETF
IVV
$866B
| $16M | 0.98% |
54,199
+1,333
| +3% | +$386K |
2016 Q1
13 quarters
|
|
21
iShares National Muni Bond ETF
MUB
$54.3B
| $13.3M | 0.81% |
117,431
+16,646
| +17% | +$1.86M |
2016 Q4
10 quarters
|
|
22
Johnson & Johnson
JNJ
$651B
| $13M | 0.79% |
93,064
-2,615
| -3% | -$362K |
2016 Q1
13 quarters
|
|
23
Adobe
ADBE
$97.9B
| $12.4M | 0.76% |
41,950
+519
| +1% | +$144K |
2016 Q2
12 quarters
|
|
24
iShares Core S&P Mid-Cap ETF
IJH
$124B
| $11.8M | 0.72% |
302,445
-930
| -0.3% | -$35.6K |
2016 Q2
12 quarters
|
|
|
25
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$2.96B
| $11.5M | 0.7% |
229,965
-164,842
| -42% | -$8.19M |
2016 Q1
13 quarters
|
|
Similar funds
Bailard's Q2 2019 Portfolio in Review
As of Q2 2019, Bailard held 630 positions worth $1.64B, up 1.5% from $1.61B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Bailard's Q2 2019 filing shows 91 new, 163 increased, 168 reduced and 91 closed positions. Its largest new stake was Vanguard Total Bond Market: 687,016 shares worth $57.1M. The largest sale was PIMCO Enhanced Short Maturity Active Exchange-Traded Fund, an estimated $58.5M.
By sector, the portfolio is most concentrated in Miscellaneous at 55% of assets, up from 53% a quarter earlier, followed by Technology and Healthcare.
- Bailard's largest Q2 2019 buy was Vanguard Total Bond Market: 687,016 shares worth $57.1M.
- Bailard added most to iShares US Real Estate ETF in Q2 2019, an estimated $56.7M increase.
- Bailard's biggest Q2 2019 reduction was PIMCO Enhanced Short Maturity Active Exchange-Traded Fund, cutting an estimated $58.5M.
- Bailard fully exited Teva Pharmaceutical Industries Limited in Q2 2019, selling an estimated $5.65M.
- Bailard's ten largest holdings make up 32% of its $1.64B portfolio in Q2 2019.
- Bailard opened 91 new positions and closed 91 in Q2 2019.
- Bailard's portfolio value rose 1.5% quarter-over-quarter to $1.64B.
Based on Bailard's 13F filing for Q2 2019, filed 26 Jul 2019.