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 |
SPDR Gold Trust
GLD
|
+$66.9M |
| 2 |
Meta Platforms (Facebook)
META
|
+$6.4M |
| 3 |
PIMCO Active Bond Exchange-Traded Fund
BOND
|
+$4.94M |
| 4 |
Stryker
SYK
|
+$4.8M |
| 5 |
Vanguard High Dividend Yield ETF
VYM
|
+$4.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 Value ETF
IWN
|
+$66M |
| 2 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$10M |
| 3 |
Microsoft
MSFT
|
+$8.82M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$8.72M |
| 5 |
Vanguard Tax-Exempt Bond Index Fund
VTEB
|
+$8.66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 40.45% |
| 2 | Technology | 22.77% |
| 3 | Healthcare | 8.03% |
| 4 | Financials | 6.57% |
| 5 | Communication Services | 5.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.97T
| $195M | 5.36% |
435,487
-20,895
| -5% | -$8.82M |
2013 Q2
44 quarters
|
|
2
Apple
AAPL
$5.06T
| $180M | 4.96% |
854,154
-25,921
| -3% | -$4.83M |
2013 Q2
44 quarters
|
|
3
Invesco QQQ Trust
QQQ
$456B
| $126M | 3.46% |
262,021
-11,861
| -4% | -$5.33M |
2016 Q1
33 quarters
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$794B
| $112M | 3.09% |
205,869
-1,767
| -0.9% | -$925K |
2016 Q1
33 quarters
|
|
5
iShares MSCI EAFE ETF
EFA
$77.4B
| $100M | 2.75% |
1,273,732
-10,367
| -0.8% | -$821K |
2016 Q1
33 quarters
|
|
6
NVIDIA
NVDA
$4.07T
| $87.1M | 2.4% |
705,410
-54,850
| -7% | -$5.55M |
2017 Q4
26 quarters
|
|
|
7
Alphabet (Google) Class A
GOOGL
$3.53T
| $86.8M | 2.39% |
476,519
-51,705
| -10% | -$8.72M |
2015 Q4
34 quarters
|
|
|
8
SPDR Gold Trust
GLD
$135B
| $69.4M | 1.91% |
322,823
+309,429
| +2,310% | +$66.9M |
2016 Q1
33 quarters
|
|
9
Vanguard Information Technology ETF
VGT
$137B
| $63.7M | 1.76% |
884,072
-32,496
| -4% | -$2.16M |
2016 Q1
33 quarters
|
|
10
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
| $60.8M | 1.67% |
227,125
-9,455
| -4% | -$2.45M |
2016 Q1
33 quarters
|
|
11
iShares Core MSCI EAFE ETF
IEFA
$192B
| $58.8M | 1.62% |
809,802
-29,891
| -4% | -$2.2M |
2018 Q4
22 quarters
|
|
12
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.27B
| $57.2M | 1.58% |
1,281,319
+74,704
| +6% | +$3.31M |
2020 Q4
14 quarters
|
|
13
Amazon
AMZN
$2.92T
| $50.4M | 1.39% |
260,689
-880
| -0.3% | -$162K |
2013 Q3
43 quarters
|
|
14
Gilead Sciences
GILD
$211B
| $46.2M | 1.27% |
672,677
+36
| +0% | +$2.4K |
2015 Q3
35 quarters
|
|
15
Visa
V
$792B
| $42.6M | 1.17% |
162,179
-1,042
| -0.6% | -$286K |
2016 Q2
32 quarters
|
|
16
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.8B
| $41.5M | 1.14% |
227,499
-5,917
| -3% | -$1.09M |
2013 Q4
42 quarters
|
|
|
17
Meta Platforms (Facebook)
META
$1.64T
| $40.7M | 1.12% |
80,708
+13,164
| +19% | +$6.4M |
2015 Q3
35 quarters
|
|
18
iShares California Muni Bond ETF
CMF
$5.45B
| $40.5M | 1.12% |
712,097
+49,388
| +7% | +$2.81M |
2016 Q1
33 quarters
|
|
19
iShares Core S&P 500 ETF
IVV
$868B
| $39.2M | 1.08% |
71,677
-49
| -0.1% | -$25.8K |
2016 Q1
33 quarters
|
|
20
UnitedHealth
UNH
$362B
| $39.1M | 1.08% |
76,873
-602
| -0.8% | -$295K |
2016 Q1
33 quarters
|
|
21
iShares US Treasury Bond ETF
GOVT
$43B
| $37.2M | 1.02% |
1,646,756
+98,877
| +6% | +$2.22M |
2019 Q1
21 quarters
|
|
22
Costco
COST
$473B
| $33.3M | 0.92% |
39,175
-527
| -1% | -$411K |
2016 Q2
32 quarters
|
|
23
Vanguard S&P 500 ETF
VOO
$1.04T
| $32.1M | 0.88% |
64,179
-1,414
| -2% | -$680K |
2018 Q2
24 quarters
|
|
24
Vanguard FTSE All-World ex-US ETF
VEU
$66.6B
| $30.9M | 0.85% |
526,536
-12,366
| -2% | -$726K |
2016 Q1
33 quarters
|
|
25
Adobe
ADBE
$91.3B
| $29M | 0.8% |
52,216
-1,055
| -2% | -$511K |
2016 Q2
32 quarters
|
|
Similar funds
Bailard's Q2 2024 Portfolio in Review
As of Q2 2024, Bailard held 834 positions worth $3.63B, up 0.18% from $3.62B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Bailard's Q2 2024 filing shows 103 new, 176 increased, 279 reduced and 112 closed positions. Its largest new stake was PIMCO Active Bond Exchange-Traded Fund: 54,597 shares worth $4.97M. The largest sale was iShares Russell 2000 Value ETF, an estimated $66M.
By sector, the portfolio is most concentrated in Miscellaneous at 40% of assets, down from 41% a quarter earlier, followed by Technology and Healthcare.
- Bailard's largest Q2 2024 buy was PIMCO Active Bond Exchange-Traded Fund: 54,597 shares worth $4.97M.
- Bailard added most to SPDR Gold Trust in Q2 2024, an estimated $66.9M increase.
- Bailard's biggest Q2 2024 reduction was iShares Russell 2000 Value ETF, cutting an estimated $66M.
- Bailard fully exited Sumitomo Mitsui Financial Group, Inc American Depositary Shares (each representing 1.2 shares of Common Stock) in Q2 2024, selling an estimated $5.59M.
- Bailard's ten largest holdings make up 30% of its $3.63B portfolio in Q2 2024.
- Bailard opened 103 new positions and closed 112 in Q2 2024.
- Bailard's portfolio value rose 0.18% quarter-over-quarter to $3.63B.
Based on Bailard's 13F filing for Q2 2024, filed 25 Jul 2024.