BAILARD, INC.

Filed: 8/8/2025ACC: 0001172661-25-002963

📋 What this filing means

BAILARD, INC. filed this quarterly 13F‑HR report disclosing 754 equity positions with a total reported market value of $4.29B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

754

Positions

$4.29B

Total AUM (reported)

42.15M

Total Shares

Allocation by class

COM$1.91B44.5%

TR UNIT$127.68M3.0%

MSCI EAFE ETF$123.90M2.9%

CL A$121.50M2.8%

GOLD SHS$96.71M2.3%

SHS$93.17M2.2%

MSCI EMG MKT ETF$91.39M2.1%

Portfolio Concentration

Top 3$552.62M12.9%

4–10$675.57M15.7%

11–25$830.22M19.4%

Rest$2.23B52.0%

Top 3 weight

12.9%

Top 10 weight

28.6%

Voting Authority Distribution

Total shares with voting rights: 42.15M

Sole

Full voting authority

41.34M

% of voting shares98.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

814.09K

% of voting shares1.9%

Investment Discretion (by position count)

Sole754

Shared0

Other0

Dominant voting typeSole · 98.1% of voting shares

Institutional Holdings754

Rows:

MICROSOFT CORP

SOLE

COM

Shares435.57K

TypeSH

Market value$216.66M

5.05%

Sole

429.86K

Shared

0.00

None

5.72K

APPLE INC

SOLE

COM

Shares881.29K

TypeSH

Market value$180.82M

4.21%

Sole

867.95K

Shared

0.00

None

13.34K

NVIDIA CORPORATION

SOLE

COM

Shares982.01K

TypeSH

Market value$155.15M

3.62%

Sole

962.95K

Shared

0.00

None

19.05K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares206.65K

TypeSH

Market value$127.68M

2.98%

Sole

206.65K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE ETF

Shares1.39M

TypeSH

Market value$123.90M

2.89%

Sole

1.39M

Shared

0.00

None

0.00

SPDR GOLD TR

SOLE

GOLD SHS

Shares317.26K

TypeSH

Market value$96.71M

2.25%

Sole

317.26K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EMG MKT ETF

Shares1.89M

TypeSH

Market value$91.39M

2.13%

Sole

1.89M

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL A

Shares476.40K

TypeSH

Market value$83.96M

1.96%

Sole

464.24K

Shared

0.00

None

12.16K

VANGUARD WORLD FD

SOLE

INF TECH ETF

Shares116.05K

TypeSH

Market value$76.98M

1.79%

Sole

116.05K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CALIF MUN BD ETF

Shares1.34M

TypeSH

Market value$74.96M

1.75%

Sole

1.34M

Shared

0.00

None

0.00

GILEAD SCIENCES INC

SOLE

COM

Shares666.04K

TypeSH

Market value$73.84M

1.72%

Sole

660.70K

Shared

0.00

None

5.35K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares821.33K

TypeSH

Market value$68.56M

1.60%

Sole

821.33K

Shared

0.00

None

0.00

J P MORGAN EXCHANGE TRADED F

SOLE

MUNICIPAL ETF

Shares1.34M

TypeSH

Market value$66.61M

1.55%

Sole

1.34M

Shared

0.00

None

0.00

JANUS DETROIT STR TR

SOLE

HENDERSON MTG

Shares1.42M

TypeSH

Market value$63.92M

1.49%

Sole

1.42M

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares202.69K

TypeSH

Market value$61.60M

1.44%

Sole

202.69K

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

CL A

Shares82.22K

TypeSH

Market value$60.69M

1.41%

Sole

82.22K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares264.47K

TypeSH

Market value$58.02M

1.35%

Sole

255.75K

Shared

0.00

None

8.72K

VISA INC

SOLE

COM CL A

Shares161.75K

TypeSH

Market value$57.43M

1.34%

Sole

159.05K

Shared

0.00

None

2.70K

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares98.44K

TypeSH

Market value$55.92M

1.30%

Sole

98.44K

Shared

0.00

None

0.00

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares88.28K

TypeSH

Market value$48.70M

1.14%

Sole

88.28K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

SM CP VAL ETF

Shares246.70K

TypeSH

Market value$48.11M

1.12%

Sole

246.70K

Shared

0.00

None

0.00

JPMORGAN CHASE & CO.

SOLE

COM

Shares163.32K

TypeSH

Market value$47.35M

1.10%

Sole

158.76K

Shared

0.00

None

4.56K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares71.19K

TypeSH

Market value$44.20M

1.03%

Sole

71.19K

Shared

0.00

None

0.00

COSTCO WHSL CORP NEW

SOLE

COM

Shares41.02K

TypeSH

Market value$40.60M

0.95%

Sole

40.45K

Shared

0.00

None

568.00

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHT MUNCPL

Shares680.49K

TypeSH

Market value$34.65M

0.81%

Sole

680.49K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
MICROSOFT CORPSOLE	COM	435.57K	SH	$216.66M 5.05%	429.86K	5.72K
APPLE INCSOLE	COM	881.29K	SH	$180.82M 4.21%	867.95K	13.34K
NVIDIA CORPORATIONSOLE	COM	982.01K	SH	$155.15M 3.62%	962.95K	19.05K
SPDR S&P 500 ETF TRSOLE	TR UNIT	206.65K	SH	$127.68M 2.98%	206.65K	0.00
ISHARES TRSOLE	MSCI EAFE ETF	1.39M	SH	$123.90M 2.89%	1.39M	0.00
SPDR GOLD TRSOLE	GOLD SHS	317.26K	SH	$96.71M 2.25%	317.26K	0.00
ISHARES TRSOLE	MSCI EMG MKT ETF	1.89M	SH	$91.39M 2.13%	1.89M	0.00
ALPHABET INCSOLE	CAP STK CL A	476.40K	SH	$83.96M 1.96%	464.24K	12.16K
VANGUARD WORLD FDSOLE	INF TECH ETF	116.05K	SH	$76.98M 1.79%	116.05K	0.00
ISHARES TRSOLE	CALIF MUN BD ETF	1.34M	SH	$74.96M 1.75%	1.34M	0.00
GILEAD SCIENCES INCSOLE	COM	666.04K	SH	$73.84M 1.72%	660.70K	5.35K
ISHARES TRSOLE	CORE MSCI EAFE	821.33K	SH	$68.56M 1.60%	821.33K	0.00
J P MORGAN EXCHANGE TRADED FSOLE	MUNICIPAL ETF	1.34M	SH	$66.61M 1.55%	1.34M	0.00
JANUS DETROIT STR TRSOLE	HENDERSON MTG	1.42M	SH	$63.92M 1.49%	1.42M	0.00
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	202.69K	SH	$61.60M 1.44%	202.69K	0.00
META PLATFORMS INCSOLE	CL A	82.22K	SH	$60.69M 1.41%	82.22K	0.00
AMAZON COM INCSOLE	COM	264.47K	SH	$58.02M 1.35%	255.75K	8.72K
VISA INCSOLE	COM CL A	161.75K	SH	$57.43M 1.34%	159.05K	2.70K
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	98.44K	SH	$55.92M 1.30%	98.44K	0.00
INVESCO QQQ TRSOLE	UNIT SER 1	88.28K	SH	$48.70M 1.14%	88.28K	0.00
VANGUARD INDEX FDSSOLE	SM CP VAL ETF	246.70K	SH	$48.11M 1.12%	246.70K	0.00
JPMORGAN CHASE & CO.SOLE	COM	163.32K	SH	$47.35M 1.10%	158.76K	4.56K
ISHARES TRSOLE	CORE S&P500 ETF	71.19K	SH	$44.20M 1.03%	71.19K	0.00
COSTCO WHSL CORP NEWSOLE	COM	41.02K	SH	$40.60M 0.95%	40.45K	568.00
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHT MUNCPL	680.49K	SH	$34.65M 0.81%	680.49K	0.00

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