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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
+3.12%
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
$4.52B
AUM Growth
-$85.5M
(-1.9%)
Cap. Flow
-$178M
Cap. Flow
% of AUM
-3.94%
Top 10 Holdings %
Top 10 Hldgs %
31.88%
Holding
897
New
120
Increased
212
Reduced
333
Closed
153
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
|
+$26.9M |
| 2 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$8.23M |
| 3 |
Gilead Sciences
GILD
|
+$7.91M |
| 4 |
JMTG
JPMorgan Mortgage-Backed Securities ETF
JMTG
|
+$7.7M |
| 5 |
iShares US Treasury Bond ETF
GOVT
|
+$7.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$20.5M |
| 2 |
NVIDIA
NVDA
|
+$15.2M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$14.7M |
| 4 |
Meta Platforms (Facebook)
META
|
+$14.2M |
| 5 |
Advanced Micro Devices
AMD
|
+$11.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.36% |
| 2 | Financials | 7.83% |
| 3 | Healthcare | 7.13% |
| 4 | Communication Services | 6.57% |
| 5 | Consumer Discretionary | 4.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.8T
| $225M | 4.99% |
828,481
-19,475
| -2% | -$5.23M |
|
2
Microsoft
MSFT
$2.99T
| $205M | 4.53% |
422,852
-8,071
| -2% | -$4.04M |
|
|
3
NVIDIA
NVDA
$4.92T
| $171M | 3.78% |
914,400
-81,895
| -8% | -$15.2M |
|
4
Alphabet (Google) Class A
GOOGL
$4.3T
| $144M | 3.2% |
461,402
-7,190
| -2% | -$2.05M |
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $138M | 3.06% |
202,575
-2,457
| -1% | -$1.66M |
|
6
Invesco QQQ Trust
QQQ
$463B
| $136M | 3% |
220,922
-6,347
| -3% | -$3.89M |
|
7
SPDR Gold Trust
GLD
$129B
| $123M | 2.73% |
310,893
-4,564
| -1% | -$1.74M |
|
|
8
iShares MSCI EAFE ETF
EFA
$75.8B
| $122M | 2.71% |
1,272,638
-154,678
| -11% | -$14.7M |
|
|
9
Gilead Sciences
GILD
$165B
| $90.1M | 1.99% |
734,057
+65,056
| +10% | +$7.91M |
|
10
Vanguard Information Technology ETF
VGT
$139B
| $85.8M | 1.9% |
911,080
+1,448
| +0.2% | +$138K |
|
11
iShares California Muni Bond ETF
CMF
$4.59B
| $82.7M | 1.83% |
1,439,125
+4,372
| +0.3% | +$251K |
|
|
JMTG
12
JPMorgan Mortgage-Backed Securities ETF
JMTG
$6.73B
| $74.1M | 1.64% |
1,450,504
+150,367
| +12% | +$7.7M |
|
13
iShares Core MSCI EAFE ETF
IEFA
$185B
| $71.1M | 1.57% |
794,385
-247
| -0% | -$21.8K |
|
14
Vanguard Total Stock Market ETF
VTI
$657B
| $67.8M | 1.5% |
202,079
-3,825
| -2% | -$1.27M |
|
15
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
$2.25B
| $64.6M | 1.43% |
2,824,210
-271,689
| -9% | -$6.22M |
|
16
Amazon
AMZN
$2.69T
| $59.8M | 1.32% |
258,962
-12,876
| -5% | -$2.95M |
|
17
Visa
V
$686B
| $54.2M | 1.2% |
154,467
-6,964
| -4% | -$2.37M |
|
18
Vanguard Small-Cap Value ETF
VBR
$36.8B
| $52.8M | 1.17% |
249,231
+1,390
| +0.6% | +$291K |
|
19
JPMorgan Chase
JPM
$901B
| $49.9M | 1.1% |
154,817
-7,291
| -4% | -$2.26M |
|
20
iShares Core S&P 500 ETF
IVV
$879B
| $47.8M | 1.06% |
69,847
-695
| -1% | -$472K |
|
21
Broadcom
AVGO
$1.8T
| $43.5M | 0.96% |
125,712
+11,338
| +10% | +$4.05M |
|
|
22
iShares US Treasury Bond ETF
GOVT
$43.8B
| $43.3M | 0.96% |
1,879,087
+319,691
| +21% | +$7.4M |
|
|
23
Vanguard S&P 500 ETF
VOO
$973B
| $42.3M | 0.94% |
67,501
-32,986
| -33% | -$20.5M |
|
|
24
Meta Platforms (Facebook)
META
$1.64T
| $40.3M | 0.89% |
61,095
-21,266
| -26% | -$14.2M |
|
25
JPMorgan Municipal ETF
JMUB
$8.26B
| $40.1M | 0.89% |
794,545
+31,886
| +4% | +$1.61M |
|
Similar funds
EC
SFM
NHC
EQF
CCM
NEI
Bailard's Q4 2025 Portfolio in Review
As of Q4 2025, Bailard held 897 positions worth $4.52B, down 1.9% from $4.6B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Bailard withdrew a net $178M in Q4 2025, closing 153 positions and reducing 333 holdings. Its most notable exit was Vanguard Small-Cap Growth ETF, an estimated $5.29M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Bailard opened a new position in Vanguard Short-Term Inflation-Protected Securities Index Fund worth $26.6M.
- Bailard's largest Q4 2025 buy was Vanguard Short-Term Inflation-Protected Securities Index Fund: 538,707 shares worth $26.6M.
- Bailard added most to iShares Short-Term National Muni Bond ETF in Q4 2025, an estimated $8.23M increase.
- Bailard's biggest Q4 2025 reduction was Vanguard S&P 500 ETF, cutting an estimated $20.5M.
- Bailard fully exited Vanguard Small-Cap Growth ETF in Q4 2025, selling an estimated $5.29M.
- Bailard's ten largest holdings make up 32% of its $4.52B portfolio in Q4 2025.
- Bailard opened 120 new positions and closed 153 in Q4 2025.
- Bailard's portfolio value fell 1.9% quarter-over-quarter to $4.52B.
Based on Bailard's 13F filing for Q4 2025, filed 4 Feb 2026.