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 1-3 Year Treasury Bond ETF
SHY
|
+$70.6M |
| 2 |
iShares National Muni Bond ETF
MUB
|
+$50.4M |
| 3 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$31.1M |
| 4 |
iShares California Muni Bond ETF
CMF
|
+$17.6M |
| 5 |
iShares US Treasury Bond ETF
GOVT
|
+$12.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$69.2M |
| 2 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$60.8M |
| 3 |
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
|
+$26.1M |
| 4 |
First Trust Senior Loan Fund ETF
FTSL
|
+$15.1M |
| 5 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$11.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 44.86% |
| 2 | Technology | 17.42% |
| 3 | Healthcare | 8.88% |
| 4 | Financials | 6.64% |
| 5 | Industrials | 4.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares 1-3 Year Treasury Bond ETF
SHY
$27.4B
| $136M | 5.61% |
1,670,941
+857,371
| +105% | +$70.6M |
2022 Q2
1 quarter
|
|
2
Apple
AAPL
$5.18T
| $127M | 5.26% |
920,320
+2,712
| +0.3% | +$426K |
2013 Q2
37 quarters
|
|
3
Microsoft
MSFT
$3.89T
| $111M | 4.58% |
475,764
+2,225
| +0.5% | +$588K |
2013 Q2
37 quarters
|
|
|
4
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$48.4B
| $75.7M | 3.13% |
826,677
-756,656
| -48% | -$69.2M |
2020 Q2
9 quarters
|
|
5
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$7.38B
| $74.1M | 3.06% |
4,580,330
-42,671
| -0.9% | -$732K |
2020 Q4
7 quarters
|
|
|
6
iShares National Muni Bond ETF
MUB
$54.4B
| $65.9M | 2.73% |
642,591
+473,872
| +281% | +$50.4M |
2016 Q4
23 quarters
|
|
7
Alphabet (Google) Class A
GOOGL
$3.64T
| $51.4M | 2.12% |
537,102
-2,518
| -0.5% | -$279K |
2015 Q4
27 quarters
|
|
8
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $48.6M | 2.01% |
270,730
-6,769
| -2% | -$1.35M |
2016 Q1
26 quarters
|
|
9
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.21B
| $46M | 1.9% |
1,021,448
+199,087
| +24% | +$9.5M |
2020 Q4
7 quarters
|
|
10
iShares Core MSCI EAFE ETF
IEFA
$191B
| $41.7M | 1.72% |
791,008
-14,981
| -2% | -$881K |
2018 Q4
15 quarters
|
|
11
UnitedHealth
UNH
$365B
| $37.4M | 1.55% |
74,138
+1,014
| +1% | +$533K |
2016 Q1
26 quarters
|
|
12
Vanguard Information Technology ETF
VGT
$138B
| $35.3M | 1.46% |
918,152
-5,464
| -0.6% | -$240K |
2016 Q1
26 quarters
|
|
|
13
iShares US Treasury Bond ETF
GOVT
$42.6B
| $34.2M | 1.41% |
1,501,837
+511,779
| +52% | +$12.1M |
2019 Q1
14 quarters
|
|
|
14
iShares Short-Term National Muni Bond ETF
SUB
$13.3B
| $31.7M | 1.31% |
308,704
+298,079
| +2,805% | +$31.1M |
2022 Q2
1 quarter
|
|
15
Amazon
AMZN
$2.88T
| $28.8M | 1.19% |
254,492
-4,220
| -2% | -$533K |
2013 Q3
36 quarters
|
|
16
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.5B
| $27.6M | 1.14% |
192,497
-735
| -0.4% | -$117K |
2013 Q4
35 quarters
|
|
17
Visa
V
$794B
| $27M | 1.12% |
151,989
-1,769
| -1% | -$360K |
2016 Q2
25 quarters
|
|
18
iShares Core S&P 500 ETF
IVV
$875B
| $26.7M | 1.1% |
74,457
-12,872
| -15% | -$5.14M |
2016 Q1
26 quarters
|
|
19
iShares S&P Small-Cap 600 Value ETF
IJS
$7.7B
| $25.5M | 1.05% |
309,106
+2,682
| +0.9% | +$248K |
2016 Q1
26 quarters
|
|
20
Vanguard FTSE All-World ex-US ETF
VEU
$66.6B
| $25.4M | 1.05% |
571,911
-8,968
| -2% | -$444K |
2016 Q1
26 quarters
|
|
21
Invesco QQQ Trust
QQQ
$461B
| $23.4M | 0.97% |
87,389
-173
| -0.2% | -$52.2K |
2016 Q1
26 quarters
|
|
|
22
iShares California Muni Bond ETF
CMF
$5.41B
| $22.3M | 0.92% |
410,766
+311,366
| +313% | +$17.6M |
2016 Q1
26 quarters
|
|
23
Johnson & Johnson
JNJ
$688B
| $21.5M | 0.89% |
131,670
-120
| -0.1% | -$20.3K |
2016 Q1
26 quarters
|
|
24
Home Depot
HD
$348B
| $21.2M | 0.88% |
76,740
+1,484
| +2% | +$438K |
2016 Q1
26 quarters
|
|
25
ConocoPhillips
COP
$168B
| $21M | 0.87% |
204,788
+6,381
| +3% | +$636K |
2016 Q4
23 quarters
|
|
Similar funds
Bailard's Q3 2022 Portfolio in Review
As of Q3 2022, Bailard held 794 positions worth $2.42B, down 4.8% from $2.54B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Bailard's Q3 2022 filing shows 116 new, 220 increased, 211 reduced and 134 closed positions. Its largest new stake was iShares ESG Screened S&P Mid-Cap ETF: 141,107 shares worth $4.2M. The largest sale was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, an estimated $69.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 45% of assets, up from 45% a quarter earlier, followed by Technology and Healthcare.
- Bailard's largest Q3 2022 buy was iShares ESG Screened S&P Mid-Cap ETF: 141,107 shares worth $4.2M.
- Bailard added most to iShares 1-3 Year Treasury Bond ETF in Q3 2022, an estimated $70.6M increase.
- Bailard's biggest Q3 2022 reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, cutting an estimated $69.2M.
- Bailard fully exited First Trust Senior Loan Fund ETF in Q3 2022, selling an estimated $15.1M.
- Bailard's ten largest holdings make up 32% of its $2.42B portfolio in Q3 2022.
- Bailard opened 116 new positions and closed 134 in Q3 2022.
- Bailard's portfolio value fell 4.8% quarter-over-quarter to $2.42B.
Based on Bailard's 13F filing for Q3 2022, filed 18 Oct 2022.