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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
+12.46%
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
$3.38B
AUM Growth
+$357M
(+12%)
Cap. Flow
+$11.3M
Cap. Flow
% of AUM
0.33%
Top 10 Holdings %
Top 10 Hldgs %
28.56%
Holding
841
New
147
Increased
207
Reduced
242
Closed
138
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$62.8M |
| 2 |
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
|
+$41M |
| 3 |
Vanguard Tax-Exempt Bond Index Fund
VTEB
|
+$22.2M |
| 4 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$17.5M |
| 5 |
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
|
+$13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
|
+$61.4M |
| 2 |
iShares California Muni Bond ETF
CMF
|
+$37.9M |
| 3 |
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
IBTE
|
+$29.8M |
| 4 |
iShares National Muni Bond ETF
MUB
|
+$12.4M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$8.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.41% |
| 2 | Healthcare | 8.75% |
| 3 | Financials | 6.76% |
| 4 | Consumer Discretionary | 4.63% |
| 5 | Communication Services | 4.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.99T
| $171M | 5.05% |
453,613
-16,688
| -4% | -$5.94M |
|
2
Apple
AAPL
$4.8T
| $169M | 5.02% |
879,731
-21,374
| -2% | -$3.95M |
|
3
Invesco QQQ Trust
QQQ
$463B
| $114M | 3.39% |
279,438
-5,733
| -2% | -$2.18M |
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $98.6M | 2.92% |
207,458
-16,162
| -7% | -$7.2M |
|
5
iShares MSCI EAFE ETF
EFA
$75.8B
| $97.4M | 2.89% |
1,293,155
-12,954
| -1% | -$916K |
|
6
Alphabet (Google) Class A
GOOGL
$4.3T
| $74.9M | 2.22% |
536,306
-7,820
| -1% | -$1.05M |
|
|
7
SPDR Gold Trust
GLD
$129B
| $66.8M | 1.98% |
349,291
+342,496
| +5,040% | +$62.8M |
|
8
iShares Core MSCI EAFE ETF
IEFA
$185B
| $58.8M | 1.74% |
835,210
+12,879
| +2% | +$849K |
|
9
Vanguard Total Stock Market ETF
VTI
$657B
| $58M | 1.72% |
244,513
-3,787
| -2% | -$837K |
|
10
Vanguard Information Technology ETF
VGT
$139B
| $55.3M | 1.64% |
914,608
-14,600
| -2% | -$813K |
|
|
11
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.08B
| $55.1M | 1.63% |
1,171,566
+390,390
| +50% | +$17.5M |
|
12
Gilead Sciences
GILD
$165B
| $54.6M | 1.62% |
673,507
-48,838
| -7% | -$3.8M |
|
13
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.75B
| $52.7M | 1.56% |
1,146,912
+39,572
| +4% | +$1.73M |
|
|
14
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
$3.07B
| $43.9M | 1.3% |
831,039
+806,344
| +3,265% | +$41M |
|
15
Visa
V
$686B
| $42.7M | 1.26% |
163,916
+600
| +0.4% | +$148K |
|
16
UnitedHealth
UNH
$383B
| $41.4M | 1.23% |
78,661
+829
| +1% | +$442K |
|
17
Vanguard Small-Cap Value ETF
VBR
$36.8B
| $41.1M | 1.22% |
228,133
+6,850
| +3% | +$1.12M |
|
18
NVIDIA
NVDA
$4.92T
| $39.6M | 1.17% |
799,820
-8,260
| -1% | -$383K |
|
19
Amazon
AMZN
$2.69T
| $39.4M | 1.17% |
259,374
+5,159
| +2% | +$723K |
|
20
iShares Core S&P 500 ETF
IVV
$879B
| $34.8M | 1.03% |
72,903
-2,140
| -3% | -$958K |
|
21
iShares US Treasury Bond ETF
GOVT
$43.8B
| $33.1M | 0.98% |
1,437,810
+47,650
| +3% | +$1.06M |
|
22
iShares S&P Small-Cap 600 Value ETF
IJS
$8.12B
| $31.1M | 0.92% |
302,132
-7,289
| -2% | -$664K |
|
23
Vanguard S&P 500 ETF
VOO
$973B
| $30.5M | 0.9% |
69,923
-236
| -0.3% | -$96.6K |
|
24
Vanguard FTSE All-World ex-US ETF
VEU
$65.3B
| $30.5M | 0.9% |
543,270
-39,232
| -7% | -$2.08M |
|
25
Adobe
ADBE
$93.3B
| $29.6M | 0.88% |
49,562
+1,422
| +3% | +$820K |
|
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Bailard's Q4 2023 Portfolio in Review
As of Q4 2023, Bailard held 841 positions worth $3.38B, up 12% from $3.02B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Bailard's Q4 2023 filing shows 147 new, 207 increased, 242 reduced and 138 closed positions. Its largest new stake was Vanguard Tax-Exempt Bond Index Fund: 452,690 shares worth $23.1M. The largest sale was Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, an estimated $61.4M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.
- Bailard's largest Q4 2023 buy was Vanguard Tax-Exempt Bond Index Fund: 452,690 shares worth $23.1M.
- Bailard added most to SPDR Gold Trust in Q4 2023, an estimated $62.8M increase.
- Bailard's biggest Q4 2023 reduction was Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, cutting an estimated $61.4M.
- Bailard fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q4 2023, selling an estimated $5.5M.
- Bailard's ten largest holdings make up 29% of its $3.38B portfolio in Q4 2023.
- Bailard opened 147 new positions and closed 138 in Q4 2023.
- Bailard's portfolio value rose 12% quarter-over-quarter to $3.38B.
Based on Bailard's 13F filing for Q4 2023, filed 2 Feb 2024.