BAILARD, INC.

Filed: 5/2/2025ACC: 0001172661-25-001565

📋 What this filing means

BAILARD, INC. filed this quarterly 13F‑HR report disclosing 735 equity positions with a total reported market value of $3.87B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

735

Positions

$3.87B

Total AUM (reported)

40.41M

Total Shares

Allocation by class

COM$1.71B44.2%

TR UNIT$113.58M2.9%

MSCI EAFE ETF$110.44M2.9%

CL A$105.16M2.7%

GOLD SHS$93.17M2.4%

TOTAL BND MRKT$78.20M2.0%

SHS$75.13M1.9%

Portfolio Concentration

Top 3$469.26M12.1%

4–10$604.71M15.6%

11–25$763.25M19.7%

Rest$2.04B52.6%

Top 3 weight

12.1%

Top 10 weight

27.7%

Voting Authority Distribution

Total shares with voting rights: 40.41M

Sole

Full voting authority

39.92M

% of voting shares98.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

491.61K

% of voting shares1.2%

Investment Discretion (by position count)

Sole735

Shared0

Other0

Dominant voting typeSole · 98.8% of voting shares

Institutional Holdings735

Rows:

APPLE INC

SOLE

COM

Shares869.38K

TypeSH

Market value$193.11M

4.98%

Sole

857.08K

Shared

0.00

None

12.29K

MICROSOFT CORP

SOLE

COM

Shares433.06K

TypeSH

Market value$162.57M

4.20%

Sole

426.17K

Shared

0.00

None

6.89K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares203.05K

TypeSH

Market value$113.58M

2.93%

Sole

203.05K

Shared

0.00

None

0.00

NVIDIA CORPORATION

SOLE

COM

Shares1.02M

TypeSH

Market value$110.59M

2.85%

Sole

997.56K

Shared

0.00

None

22.85K

ISHARES TR

SOLE

MSCI EAFE ETF

Shares1.35M

TypeSH

Market value$110.44M

2.85%

Sole

1.35M

Shared

0.00

None

0.00

SPDR GOLD TR

SOLE

GOLD SHS

Shares323.34K

TypeSH

Market value$93.17M

2.40%

Sole

323.34K

Shared

0.00

None

0.00

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares1.06M

TypeSH

Market value$78.20M

2.02%

Sole

1.06M

Shared

0.00

None

0.00

GILEAD SCIENCES INC

SOLE

COM

Shares666.11K

TypeSH

Market value$74.64M

1.93%

Sole

660.68K

Shared

0.00

None

5.42K

ALPHABET INC

SOLE

CAP STK CL A

Shares470.99K

TypeSH

Market value$72.83M

1.88%

Sole

460.59K

Shared

0.00

None

10.40K

ISHARES TR

SOLE

CALIF MUN BD ETF

Shares1.15M

TypeSH

Market value$64.84M

1.67%

Sole

1.15M

Shared

0.00

None

0.00

JANUS DETROIT STR TR

SOLE

HENDERSON MTG

Shares1.43M

TypeSH

Market value$64.78M

1.67%

Sole

1.43M

Shared

0.00

None

0.00

VANGUARD WORLD FD

SOLE

INF TECH ETF

Shares111.69K

TypeSH

Market value$60.58M

1.56%

Sole

111.69K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE MSCI EAFE

Shares793.90K

TypeSH

Market value$60.06M

1.55%

Sole

793.90K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares213.50K

TypeSH

Market value$58.68M

1.51%

Sole

213.50K

Shared

0.00

None

0.00

VISA INC

SOLE

COM CL A

Shares164.12K

TypeSH

Market value$57.52M

1.48%

Sole

161.38K

Shared

0.00

None

2.74K

J P MORGAN EXCHANGE TRADED F

SOLE

MUNICIPAL ETF

Shares1.10M

TypeSH

Market value$54.79M

1.41%

Sole

1.10M

Shared

0.00

None

0.00

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHT MUNCPL

Shares1.04M

TypeSH

Market value$52.73M

1.36%

Sole

1.04M

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares97.85K

TypeSH

Market value$50.28M

1.30%

Sole

97.85K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares262.05K

TypeSH

Market value$49.86M

1.29%

Sole

253.23K

Shared

0.00

None

8.82K

META PLATFORMS INC

SOLE

CL A

Shares82.27K

TypeSH

Market value$47.42M

1.22%

Sole

82.27K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

SM CP VAL ETF

Shares245.79K

TypeSH

Market value$45.79M

1.18%

Sole

245.79K

Shared

0.00

None

0.00

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares92.43K

TypeSH

Market value$43.34M

1.12%

Sole

92.43K

Shared

0.00

None

0.00

UNITEDHEALTH GROUP INC

SOLE

COM

Shares75.88K

TypeSH

Market value$39.74M

1.03%

Sole

75.09K

Shared

0.00

None

789.00

ISHARES TR

SOLE

CORE S&P500 ETF

Shares70.64K

TypeSH

Market value$39.69M

1.02%

Sole

70.64K

Shared

0.00

None

0.00

COSTCO WHSL CORP NEW

SOLE

COM

Shares40.19K

TypeSH

Market value$38.01M

0.98%

Sole

39.62K

Shared

0.00

None

571.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
APPLE INCSOLE	COM	869.38K	SH	$193.11M 4.98%	857.08K	12.29K
MICROSOFT CORPSOLE	COM	433.06K	SH	$162.57M 4.20%	426.17K	6.89K
SPDR S&P 500 ETF TRSOLE	TR UNIT	203.05K	SH	$113.58M 2.93%	203.05K	0.00
NVIDIA CORPORATIONSOLE	COM	1.02M	SH	$110.59M 2.85%	997.56K	22.85K
ISHARES TRSOLE	MSCI EAFE ETF	1.35M	SH	$110.44M 2.85%	1.35M	0.00
SPDR GOLD TRSOLE	GOLD SHS	323.34K	SH	$93.17M 2.40%	323.34K	0.00
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	1.06M	SH	$78.20M 2.02%	1.06M	0.00
GILEAD SCIENCES INCSOLE	COM	666.11K	SH	$74.64M 1.93%	660.68K	5.42K
ALPHABET INCSOLE	CAP STK CL A	470.99K	SH	$72.83M 1.88%	460.59K	10.40K
ISHARES TRSOLE	CALIF MUN BD ETF	1.15M	SH	$64.84M 1.67%	1.15M	0.00
JANUS DETROIT STR TRSOLE	HENDERSON MTG	1.43M	SH	$64.78M 1.67%	1.43M	0.00
VANGUARD WORLD FDSOLE	INF TECH ETF	111.69K	SH	$60.58M 1.56%	111.69K	0.00
ISHARES TRSOLE	CORE MSCI EAFE	793.90K	SH	$60.06M 1.55%	793.90K	0.00
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	213.50K	SH	$58.68M 1.51%	213.50K	0.00
VISA INCSOLE	COM CL A	164.12K	SH	$57.52M 1.48%	161.38K	2.74K
J P MORGAN EXCHANGE TRADED FSOLE	MUNICIPAL ETF	1.10M	SH	$54.79M 1.41%	1.10M	0.00
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHT MUNCPL	1.04M	SH	$52.73M 1.36%	1.04M	0.00
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	97.85K	SH	$50.28M 1.30%	97.85K	0.00
AMAZON COM INCSOLE	COM	262.05K	SH	$49.86M 1.29%	253.23K	8.82K
META PLATFORMS INCSOLE	CL A	82.27K	SH	$47.42M 1.22%	82.27K	0.00
VANGUARD INDEX FDSSOLE	SM CP VAL ETF	245.79K	SH	$45.79M 1.18%	245.79K	0.00
INVESCO QQQ TRSOLE	UNIT SER 1	92.43K	SH	$43.34M 1.12%	92.43K	0.00
UNITEDHEALTH GROUP INCSOLE	COM	75.88K	SH	$39.74M 1.03%	75.09K	789.00
ISHARES TRSOLE	CORE S&P500 ETF	70.64K	SH	$39.69M 1.02%	70.64K	0.00
COSTCO WHSL CORP NEWSOLE	COM	40.19K	SH	$38.01M 0.98%	39.62K	571.00

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