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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
-2.92%
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
$3.02B
AUM Growth
+$160M
(+5.6%)
Cap. Flow
+$272M
Cap. Flow
% of AUM
9%
Top 10 Holdings %
Top 10 Hldgs %
29.34%
Holding
801
New
118
Increased
262
Reduced
198
Closed
107
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
|
+$62.6M |
| 2 |
Gilead Sciences
GILD
|
+$55M |
| 3 |
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
|
+$38.9M |
| 4 |
Vanguard S&P 500 ETF
VOO
|
+$20.7M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$15.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$25.7M |
| 2 |
Union Pacific
UNP
|
+$6.76M |
| 3 |
Avery Dennison
AVY
|
+$5.93M |
| 4 |
iShares US Treasury Bond ETF
GOVT
|
+$5.02M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$4.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.47% |
| 2 | Healthcare | 9.65% |
| 3 | Financials | 6.47% |
| 4 | Communication Services | 4.69% |
| 5 | Consumer Discretionary | 4.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.81T
| $154M | 5.11% |
901,105
+19,724
| +2% | +$3.62M |
|
2
Microsoft
MSFT
$2.95T
| $148M | 4.92% |
470,301
+5,366
| +1% | +$1.77M |
|
|
3
Invesco QQQ Trust
QQQ
$471B
| $102M | 3.38% |
285,171
-13,336
| -4% | -$4.95M |
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$787B
| $95.6M | 3.17% |
223,620
+8,521
| +4% | +$3.79M |
|
|
5
iShares MSCI EAFE ETF
EFA
$76.9B
| $90M | 2.98% |
1,306,109
+213,693
| +20% | +$15.3M |
|
6
Alphabet (Google) Class A
GOOGL
$4.24T
| $71.2M | 2.36% |
544,126
+7,613
| +1% | +$985K |
|
|
7
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$5.72B
| $64.2M | 2.13% |
4,295,779
+4,272,741
| +18,546% | +$62.6M |
|
|
8
Gilead Sciences
GILD
$162B
| $54.1M | 1.79% |
722,345
+714,494
| +9,101% | +$55M |
|
9
iShares Core MSCI EAFE ETF
IEFA
$187B
| $52.9M | 1.75% |
822,331
-5,122
| -0.6% | -$343K |
|
10
Vanguard Total Stock Market ETF
VTI
$662B
| $52.7M | 1.75% |
248,300
-10,944
| -4% | -$2.42M |
|
11
Vanguard Information Technology ETF
VGT
$142B
| $48.2M | 1.6% |
929,208
-6,408
| -0.7% | -$348K |
|
12
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.74B
| $48.1M | 1.59% |
1,107,340
+101,291
| +10% | +$4.53M |
|
13
iShares California Muni Bond ETF
CMF
$4.58B
| $45.2M | 1.5% |
825,059
+54,511
| +7% | +$3.07M |
|
14
UnitedHealth
UNH
$396B
| $39.2M | 1.3% |
77,832
+2,727
| +4% | +$1.34M |
|
|
IBTE
15
DELISTED
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
| $38.9M | 1.29% |
+1,633,576
| New | +$38.9M |
|
16
iShares National Muni Bond ETF
MUB
$45.4B
| $37.6M | 1.25% |
366,822
+47,781
| +15% | +$5.04M |
|
17
Visa
V
$677B
| $37.6M | 1.24% |
163,316
+4,486
| +3% | +$1.08M |
|
18
Vanguard Small-Cap Value ETF
VBR
$37B
| $35.3M | 1.17% |
221,283
+11,531
| +5% | +$1.93M |
|
19
NVIDIA
NVDA
$5.02T
| $35.2M | 1.16% |
808,080
-2,270
| -0.3% | -$102K |
|
20
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.07B
| $34.1M | 1.13% |
781,176
-23,429
| -3% | -$1.06M |
|
21
Amazon
AMZN
$2.66T
| $32.3M | 1.07% |
254,215
+12,195
| +5% | +$1.63M |
|
22
iShares Core S&P 500 ETF
IVV
$887B
| $32.2M | 1.07% |
75,043
-5,086
| -6% | -$2.27M |
|
|
23
iShares US Treasury Bond ETF
GOVT
$43.7B
| $30.6M | 1.01% |
1,390,160
-222,940
| -14% | -$5.02M |
|
24
Vanguard FTSE All-World ex-US ETF
VEU
$66.4B
| $30.2M | 1% |
582,502
+34,175
| +6% | +$1.85M |
|
25
iShares S&P Small-Cap 600 Value ETF
IJS
$8.2B
| $27.6M | 0.91% |
309,421
-3,889
| -1% | -$370K |
|
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Bailard's Q3 2023 Portfolio in Review
As of Q3 2023, Bailard held 801 positions worth $3.02B, up 5.6% from $2.86B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Bailard deployed $272M of net new capital in Q3 2023, opening 118 new positions and adding to 262 existing holdings. Its largest new stake was iShares iBonds Dec 2024 Term Treasury ETF: 1,633,576 shares worth $38.9M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 22% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was iShares Short-Term National Muni Bond ETF, an estimated $25.7M trimmed.
- Bailard's largest Q3 2023 buy was iShares iBonds Dec 2024 Term Treasury ETF: 1,633,576 shares worth $38.9M.
- Bailard added most to Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in Q3 2023, an estimated $62.6M increase.
- Bailard's biggest Q3 2023 reduction was iShares Short-Term National Muni Bond ETF, cutting an estimated $25.7M.
- Bailard fully exited iShares Agency Bond ETF in Q3 2023, selling an estimated $2.91M.
- Bailard's ten largest holdings make up 29% of its $3.02B portfolio in Q3 2023.
- Bailard opened 118 new positions and closed 107 in Q3 2023.
- Bailard's portfolio value rose 5.6% quarter-over-quarter to $3.02B.
Based on Bailard's 13F filing for Q3 2023, filed 24 Oct 2023.