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
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$72M |
| 2 |
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
|
+$33.6M |
| 3 |
iShares MBS ETF
MBB
|
+$17.4M |
| 4 |
Apple
AAPL
|
+$6.96M |
| 5 |
Merck
MRK
|
+$5.74M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 43.15% |
| 2 | Technology | 18.56% |
| 3 | Healthcare | 8.59% |
| 4 | Financials | 7.3% |
| 5 | Consumer Discretionary | 5.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.88T
| $133M | 4.58% |
489,494
-20,222
| -4% | -$5.14M |
2013 Q2
32 quarters
|
|
|
2
Apple
AAPL
$5.16T
| $129M | 4.45% |
940,172
-53,739
| -5% | -$6.96M |
2013 Q2
32 quarters
|
|
3
Invesco QQQ Trust
QQQ
$467B
| $109M | 3.76% |
306,709
+1,787
| +0.6% | +$601K |
2016 Q1
21 quarters
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$803B
| $96.8M | 3.34% |
226,123
+2,698
| +1% | +$1.13M |
2016 Q1
21 quarters
|
|
5
iShares Russell 2000 Value ETF
IWN
$14B
| $89.3M | 3.09% |
538,799
+4,071
| +0.8% | +$672K |
2013 Q2
32 quarters
|
|
6
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$7.41B
| $79.2M | 2.73% |
3,939,925
+3,923,155
| +23,394% | +$74.6M |
2020 Q4
2 quarters
|
|
7
Vanguard Morningstar Total Stock Market ETF
VTI
$691B
| $65.3M | 2.26% |
293,083
-15,081
| -5% | -$3.27M |
2016 Q1
21 quarters
|
|
8
Alphabet (Google) Class A
GOOGL
$3.67T
| $64.3M | 2.22% |
526,800
-10,020
| -2% | -$1.17M |
2015 Q4
22 quarters
|
|
9
iShares Core MSCI EAFE ETF
IEFA
$191B
| $60.9M | 2.1% |
812,894
-18,282
| -2% | -$1.38M |
2018 Q4
10 quarters
|
|
10
Vanguard Information Technology ETF
VGT
$140B
| $45.6M | 1.58% |
914,576
+5,736
| +0.6% | +$271K |
2016 Q1
21 quarters
|
|
11
iShares National Muni Bond ETF
MUB
$54.6B
| $44.1M | 1.52% |
375,945
+14,165
| +4% | +$1.66M |
2016 Q4
18 quarters
|
|
12
Amazon
AMZN
$2.89T
| $42.3M | 1.46% |
245,820
-6,720
| -3% | -$1.12M |
2013 Q3
31 quarters
|
|
13
Vanguard Mortgage-Backed Securities ETF
VMBS
$16B
| $39.2M | 1.36% |
734,947
+37,034
| +5% | +$1.98M |
2020 Q3
3 quarters
|
|
14
Visa
V
$784B
| $37.7M | 1.3% |
161,138
-4,494
| -3% | -$1.03M |
2016 Q2
20 quarters
|
|
15
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.17B
| $34.9M | 1.21% |
613,535
+92,270
| +18% | +$5.17M |
2020 Q1
5 quarters
|
|
16
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.21B
| $32.9M | 1.14% |
618,485
+303,033
| +96% | +$16.1M |
2020 Q4
2 quarters
|
|
17
iShares S&P Small-Cap 600 Value ETF
IJS
$7.7B
| $32.6M | 1.12% |
308,778
-5,077
| -2% | -$531K |
2016 Q1
21 quarters
|
|
18
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.4B
| $31.8M | 1.1% |
183,134
+8,815
| +5% | +$1.53M |
2013 Q4
30 quarters
|
|
19
Meta Platforms (Facebook)
META
$1.59T
| $30.6M | 1.06% |
87,898
+140
| +0.2% | +$44.9K |
2015 Q3
23 quarters
|
|
20
iShares Core S&P 500 ETF
IVV
$878B
| $30.5M | 1.06% |
71,031
+1,281
| +2% | +$537K |
2016 Q1
21 quarters
|
|
21
Vanguard FTSE All-World ex-US ETF
VEU
$66.6B
| $30.4M | 1.05% |
479,197
+17,911
| +4% | +$1.13M |
2016 Q1
21 quarters
|
|
22
UnitedHealth
UNH
$363B
| $28.8M | 0.99% |
71,863
-1,031
| -1% | -$411K |
2016 Q1
21 quarters
|
|
23
Adobe
ADBE
$92.8B
| $25.6M | 0.89% |
43,797
+37
| +0.1% | +$19.1K |
2016 Q2
20 quarters
|
|
24
Home Depot
HD
$347B
| $24.9M | 0.86% |
78,221
+715
| +0.9% | +$227K |
2016 Q1
21 quarters
|
|
25
iShares US Treasury Bond ETF
GOVT
$42.7B
| $24M | 0.83% |
900,887
-192,897
| -18% | -$5.09M |
2019 Q1
9 quarters
|
|
Similar funds
Bailard's Q2 2021 Portfolio in Review
As of Q2 2021, Bailard held 781 positions worth $2.89B, up 7.3% from $2.7B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Bailard's Q2 2021 filing shows 94 new, 203 increased, 222 reduced and 81 closed positions. Its largest new stake was First Trust Senior Loan Fund ETF: 335,979 shares worth $16.1M. The largest sale was iShares MSCI Emerging Markets ETF, an estimated $72M.
By sector, the portfolio is most concentrated in Miscellaneous at 43% of assets, down from 43% a quarter earlier, followed by Technology and Healthcare.
- Bailard's largest Q2 2021 buy was First Trust Senior Loan Fund ETF: 335,979 shares worth $16.1M.
- Bailard added most to Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in Q2 2021, an estimated $74.6M increase.
- Bailard's biggest Q2 2021 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $72M.
- Bailard fully exited Nice in Q2 2021, selling an estimated $2.62M.
- Bailard's ten largest holdings make up 30% of its $2.89B portfolio in Q2 2021.
- Bailard opened 94 new positions and closed 81 in Q2 2021.
- Bailard's portfolio value rose 7.3% quarter-over-quarter to $2.89B.
Based on Bailard's 13F filing for Q2 2021, filed 13 Aug 2021.