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B
Bailard Portfolio holdings
AUM
$4.35B
1-Year Est. Return
23.57%
This Fund
S&P 500
This Quarter
Est. Return
+7.84%
1 Year Est. Return
+23.57%
3 Year Est. Return
+74.84%
5 Year Est. Return
+96.64%
10 Year Est. Return
+374.16%
AUM
$2.86B
AUM Growth
+$68.2M
(+2.4%)
Cap. Flow
-$107M
Cap. Flow
% of AUM
-3.75%
Top 10 Holdings %
Top 10 Hldgs %
31.09%
Holding
808
New
98
Increased
228
Reduced
272
Closed
125
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$71.5M |
| 2 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$11.1M |
| 3 |
NextEra Energy
NEE
|
+$6.48M |
| 4 |
Chevron
CVX
|
+$5.6M |
| 5 |
Shift4
FOUR
|
+$4.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$75.1M |
| 2 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$71.3M |
| 3 |
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
|
+$16.5M |
| 4 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$13M |
| 5 |
Illinois Tool Works
ITW
|
+$6.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.56% |
| 2 | Healthcare | 8.06% |
| 3 | Financials | 6.75% |
| 4 | Consumer Discretionary | 4.78% |
| 5 | Communication Services | 4.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.8T
| $171M | 5.98% |
881,381
-17,834
| -2% | -$3.11M |
|
2
Microsoft
MSFT
$2.99T
| $158M | 5.54% |
464,935
-7,643
| -2% | -$2.4M |
|
|
3
Invesco QQQ Trust
QQQ
$463B
| $110M | 3.86% |
298,507
+212,368
| +247% | +$71.5M |
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $95.3M | 3.33% |
215,099
+6,490
| +3% | +$2.72M |
|
5
iShares MSCI EAFE ETF
EFA
$75.8B
| $79.2M | 2.77% |
1,092,416
+13,012
| +1% | +$945K |
|
6
Alphabet (Google) Class A
GOOGL
$4.3T
| $64.2M | 2.25% |
536,513
-2,101
| -0.4% | -$242K |
|
7
Vanguard Total Stock Market ETF
VTI
$657B
| $57.1M | 2% |
259,244
-6,171
| -2% | -$1.29M |
|
8
iShares Core MSCI EAFE ETF
IEFA
$185B
| $55.9M | 1.95% |
827,453
-1,826
| -0.2% | -$124K |
|
9
Vanguard Information Technology ETF
VGT
$139B
| $51.7M | 1.81% |
935,616
-3,200
| -0.3% | -$161K |
|
10
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.75B
| $46M | 1.61% |
1,006,049
+15,862
| +2% | +$732K |
|
11
iShares California Muni Bond ETF
CMF
$4.59B
| $43.9M | 1.53% |
770,548
-37,963
| -5% | -$2.16M |
|
12
Visa
V
$686B
| $37.7M | 1.32% |
158,830
-4,342
| -3% | -$994K |
|
|
13
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.08B
| $37.1M | 1.3% |
804,605
-281,615
| -26% | -$13M |
|
14
iShares US Treasury Bond ETF
GOVT
$43.8B
| $36.9M | 1.29% |
1,613,100
-145,994
| -8% | -$3.39M |
|
15
UnitedHealth
UNH
$383B
| $36.1M | 1.26% |
75,105
-1,415
| -2% | -$692K |
|
16
iShares Core S&P 500 ETF
IVV
$879B
| $35.7M | 1.25% |
80,129
+6,944
| +9% | +$2.93M |
|
|
17
iShares Short-Term National Muni Bond ETF
SUB
$11.4B
| $35.3M | 1.24% |
339,647
+106,396
| +46% | +$11.1M |
|
18
Vanguard Small-Cap Value ETF
VBR
$36.8B
| $34.7M | 1.21% |
209,752
+8,256
| +4% | +$1.3M |
|
19
NVIDIA
NVDA
$4.92T
| $34.3M | 1.2% |
810,350
-38,810
| -5% | -$1.29M |
|
20
iShares National Muni Bond ETF
MUB
$45.5B
| $34.1M | 1.19% |
319,041
-9,924
| -3% | -$1.06M |
|
21
Amazon
AMZN
$2.69T
| $31.5M | 1.1% |
242,020
-1,107
| -0.5% | -$126K |
|
22
Vanguard FTSE All-World ex-US ETF
VEU
$65.3B
| $29.8M | 1.04% |
548,327
+19,849
| +4% | +$1.08M |
|
23
iShares S&P Small-Cap 600 Value ETF
IJS
$8.12B
| $29.8M | 1.04% |
313,310
+4,395
| +1% | +$402K |
|
24
Home Depot
HD
$332B
| $24.6M | 0.86% |
79,348
-1,703
| -2% | -$503K |
|
25
Adobe
ADBE
$93.3B
| $23M | 0.8% |
47,068
-1,223
| -3% | -$493K |
|
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Bailard's Q2 2023 Portfolio in Review
As of Q2 2023, Bailard held 808 positions worth $2.86B, up 2.4% from $2.79B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Bailard withdrew a net $107M in Q2 2023, closing 125 positions and reducing 272 holdings. Its most notable exit was iShares iBonds Dec 2024 Term Treasury ETF, an estimated $16.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Bailard opened a new position in Shift4 worth $4.2M.
- Bailard's largest Q2 2023 buy was Shift4: 61,842 shares worth $4.2M.
- Bailard added most to Invesco QQQ Trust in Q2 2023, an estimated $71.5M increase.
- Bailard's biggest Q2 2023 reduction was SPDR Gold Trust, cutting an estimated $75.1M.
- Bailard fully exited iShares iBonds Dec 2024 Term Treasury ETF in Q2 2023, selling an estimated $16.5M.
- Bailard's ten largest holdings make up 31% of its $2.86B portfolio in Q2 2023.
- Bailard opened 98 new positions and closed 125 in Q2 2023.
- Bailard's portfolio value rose 2.4% quarter-over-quarter to $2.86B.
Based on Bailard's 13F filing for Q2 2023, filed 20 Jul 2023.