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 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$140M |
| 2 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$67.5M |
| 3 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$13.6M |
| 4 |
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
|
+$10.6M |
| 5 |
iShares National Muni Bond ETF
MUB
|
+$6.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$76.3M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$73.7M |
| 3 |
Vanguard Real Estate ETF
VNQ
|
+$63.4M |
| 4 |
iShares California Muni Bond ETF
CMF
|
+$18.7M |
| 5 |
iShares US Real Estate ETF
IYR
|
+$10.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 44.81% |
| 2 | Technology | 17.33% |
| 3 | Healthcare | 8.9% |
| 4 | Financials | 6.64% |
| 5 | Consumer Staples | 4.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$48.4B
| $145M | 5.7% |
1,583,333
+1,531,740
| +2,969% | +$140M |
2020 Q2
8 quarters
|
|
2
Apple
AAPL
$4.94T
| $125M | 4.94% |
917,608
-17,929
| -2% | -$2.72M |
2013 Q2
36 quarters
|
|
3
Microsoft
MSFT
$3.77T
| $122M | 4.79% |
473,539
-7,582
| -2% | -$2.06M |
2013 Q2
36 quarters
|
|
4
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$7.76B
| $83.4M | 3.28% |
4,623,001
-117,643
| -2% | -$2.24M |
2020 Q4
6 quarters
|
|
|
5
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$2.96B
| $69.3M | 2.73% |
1,511,154
+293,567
| +24% | +$13.6M |
2016 Q1
25 quarters
|
|
|
6
iShares 1-3 Year Treasury Bond ETF
SHY
$27.5B
| $67.4M | 2.65% |
+813,570
| New | +$67.5M |
2022 Q2
0 quarters
|
|
7
Alphabet (Google) Class A
GOOGL
$3.43T
| $58.8M | 2.31% |
539,620
-4,520
| -0.8% | -$532K |
2015 Q4
26 quarters
|
|
8
Vanguard Morningstar Total Stock Market ETF
VTI
$681B
| $52.3M | 2.06% |
277,499
-2,310
| -0.8% | -$475K |
2016 Q1
25 quarters
|
|
9
iShares Core MSCI EAFE ETF
IEFA
$190B
| $47.4M | 1.87% |
805,989
+298
| +0% | +$19.1K |
2018 Q4
14 quarters
|
|
10
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.36B
| $39.4M | 1.55% |
822,361
+1,172
| +0.1% | +$56.6K |
2020 Q4
6 quarters
|
|
11
Vanguard Information Technology ETF
VGT
$140B
| $37.7M | 1.48% |
923,616
-10,400
| -1% | -$468K |
2016 Q1
25 quarters
|
|
12
UnitedHealth
UNH
$359B
| $37.6M | 1.48% |
73,124
-1,908
| -3% | -$958K |
2016 Q1
25 quarters
|
|
|
13
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
| $35.3M | 1.39% |
746,501
+226,701
| +44% | +$10.6M |
2016 Q1
25 quarters
|
|
14
iShares Core S&P 500 ETF
IVV
$866B
| $33.1M | 1.3% |
87,329
+9,965
| +13% | +$4.1M |
2016 Q1
25 quarters
|
|
15
Visa
V
$795B
| $30.3M | 1.19% |
153,758
+555
| +0.4% | +$115K |
2016 Q2
24 quarters
|
|
16
Vanguard FTSE All-World ex-US ETF
VEU
$66.4B
| $29M | 1.14% |
580,879
+40,559
| +8% | +$2.17M |
2016 Q1
25 quarters
|
|
17
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.4B
| $29M | 1.14% |
193,232
-20
| -0% | -$3.28K |
2013 Q4
34 quarters
|
|
18
Amazon
AMZN
$2.66T
| $27.5M | 1.08% |
258,712
-3,048
| -1% | -$381K |
2013 Q3
35 quarters
|
|
19
iShares S&P Small-Cap 600 Value ETF
IJS
$7.79B
| $27.3M | 1.07% |
306,424
+741
| +0.2% | +$71K |
2016 Q1
25 quarters
|
|
20
Invesco QQQ Trust
QQQ
$460B
| $24.5M | 0.97% |
87,562
-2,473
| -3% | -$767K |
2016 Q1
25 quarters
|
|
21
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.19B
| $24.5M | 0.97% |
508,203
-45,585
| -8% | -$2.24M |
2020 Q1
9 quarters
|
|
22
iShares US Treasury Bond ETF
GOVT
$43B
| $23.7M | 0.93% |
990,058
+128,270
| +15% | +$3.09M |
2019 Q1
13 quarters
|
|
23
Johnson & Johnson
JNJ
$651B
| $23.4M | 0.92% |
131,790
+11,700
| +10% | +$2.08M |
2016 Q1
25 quarters
|
|
24
Procter & Gamble
PG
$379B
| $23M | 0.91% |
160,268
+11,247
| +8% | +$1.69M |
2016 Q1
25 quarters
|
|
25
Home Depot
HD
$340B
| $20.6M | 0.81% |
75,256
+67
| +0.1% | +$19.8K |
2016 Q1
25 quarters
|
|
Similar funds
Bailard's Q2 2022 Portfolio in Review
As of Q2 2022, Bailard held 847 positions worth $2.54B, down 15% from $2.97B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Bailard's Q2 2022 filing shows 132 new, 213 increased, 233 reduced and 169 closed positions. Its largest new stake was iShares 1-3 Year Treasury Bond ETF: 813,570 shares worth $67.4M. The largest sale was SPDR Gold Trust, an estimated $76.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 45% of assets, up from 43% a quarter earlier, followed by Technology and Healthcare.
- Bailard's largest Q2 2022 buy was iShares 1-3 Year Treasury Bond ETF: 813,570 shares worth $67.4M.
- Bailard added most to State Street SPDR Bloomberg 1-3 Month T-Bill ETF in Q2 2022, an estimated $140M increase.
- Bailard's biggest Q2 2022 reduction was SPDR Gold Trust, cutting an estimated $76.3M.
- Bailard fully exited ZYNGA INC. CL A COMMON in Q2 2022, selling an estimated $3.67M.
- Bailard's ten largest holdings make up 32% of its $2.54B portfolio in Q2 2022.
- Bailard opened 132 new positions and closed 169 in Q2 2022.
- Bailard's portfolio value fell 15% quarter-over-quarter to $2.54B.
Based on Bailard's 13F filing for Q2 2022, filed 27 Jul 2022.