BAILARD, INC.

Filed: 10/30/2025ACC: 0001172661-25-004491

📋 What this filing means

BAILARD, INC. filed this quarterly 13F‑HR report disclosing 777 equity positions with a total reported market value of $4.60B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

777

Positions

$4.60B

Total AUM (reported)

42.64M

Total Shares

Allocation by class

COM$2.03B44.1%

TR UNIT$136.59M3.0%

UNIT SER 1$136.45M3.0%

MSCI EAFE ETF$133.27M2.9%

CL A$123.98M2.7%

CAP STK CL A$113.91M2.5%

GOLD SHS$112.14M2.4%

Portfolio Concentration

Top 3$625.00M13.6%

4–10$799.09M17.4%

11–25$850.93M18.5%

Rest$2.33B50.6%

Top 3 weight

13.6%

Top 10 weight

30.9%

Voting Authority Distribution

Total shares with voting rights: 42.64M

Sole

Full voting authority

41.87M

% of voting shares98.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

766.70K

% of voting shares1.8%

Investment Discretion (by position count)

Sole777

Shared0

Other0

Dominant voting typeSole · 98.2% of voting shares

Institutional Holdings777

Rows:

MICROSOFT CORP

SOLE

COM

Shares430.92K

TypeSH

Market value$223.20M

4.85%

Sole

420.87K

Shared

0.00

None

10.06K

APPLE INC

SOLE

COM

Shares847.96K

TypeSH

Market value$215.92M

4.69%

Sole

826.01K

Shared

0.00

None

21.94K

NVIDIA CORPORATION

SOLE

COM

Shares996.29K

TypeSH

Market value$185.89M

4.04%

Sole

962.19K

Shared

0.00

None

34.10K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares205.03K

TypeSH

Market value$136.59M

2.97%

Sole

205.03K

Shared

0.00

None

0.00

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares227.27K

TypeSH

Market value$136.45M

2.96%

Sole

227.27K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE ETF

Shares1.43M

TypeSH

Market value$133.27M

2.90%

Sole

1.43M

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL A

Shares468.59K

TypeSH

Market value$113.91M

2.48%

Sole

452.70K

Shared

0.00

None

15.90K

SPDR GOLD TR

SOLE

GOLD SHS

Shares315.46K

TypeSH

Market value$112.14M

2.44%

Sole

315.46K

Shared

0.00

None

0.00

VANGUARD WORLD FD

SOLE

INF TECH ETF

Shares113.70K

TypeSH

Market value$84.89M

1.84%

Sole

113.70K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CALIF MUN BD ETF

Shares1.43M

TypeSH

Market value$81.84M

1.78%

Sole

1.43M

Shared

0.00

None

0.00

GILEAD SCIENCES INC

SOLE

COM

Shares669K

TypeSH

Market value$74.26M

1.61%

Sole

660.95K

Shared

0.00

None

8.05K

ISHARES TR

SOLE

IBONDS 26 TRM TS

Shares3.10M

TypeSH

Market value$71.05M

1.54%

Sole

3.10M

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE MSCI EAFE

Shares794.63K

TypeSH

Market value$69.38M

1.51%

Sole

794.63K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares205.90K

TypeSH

Market value$67.57M

1.47%

Sole

205.90K

Shared

0.00

None

0.00

J P MORGAN EXCHANGE TRADED F

SOLE

MORTGAGE BACKED

Shares1.30M

TypeSH

Market value$66.31M

1.44%

Sole

1.30M

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares100.49K

TypeSH

Market value$61.54M

1.34%

Sole

100.49K

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

CL A

Shares82.36K

TypeSH

Market value$60.48M

1.31%

Sole

82.36K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares271.84K

TypeSH

Market value$59.69M

1.30%

Sole

258.76K

Shared

0.00

None

13.08K

VISA INC

SOLE

COM CL A

Shares161.43K

TypeSH

Market value$55.11M

1.20%

Sole

157.38K

Shared

0.00

None

4.05K

VANGUARD INDEX FDS

SOLE

SM CP VAL ETF

Shares247.84K

TypeSH

Market value$51.73M

1.12%

Sole

247.84K

Shared

0.00

None

0.00

JPMORGAN CHASE & CO.

SOLE

COM

Shares162.11K

TypeSH

Market value$51.13M

1.11%

Sole

156.49K

Shared

0.00

None

5.62K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares70.54K

TypeSH

Market value$47.21M

1.03%

Sole

70.54K

Shared

0.00

None

0.00

TAIWAN SEMICONDUCTOR MFG LTD

SOLE

J P MORGAN EXCHANGE TRADED F

SOLE

MUNICIPAL ETF

Shares762.66K

TypeSH

Market value$38.49M

0.84%

Sole

762.66K

Shared

0.00

None

0.00

HOME DEPOT INC

SOLE

COM

Shares93.38K

TypeSH

Market value$37.84M

0.82%

Sole

89.22K

Shared

0.00

None

4.16K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
MICROSOFT CORPSOLE	COM	430.92K	SH	$223.20M 4.85%	420.87K	10.06K
APPLE INCSOLE	COM	847.96K	SH	$215.92M 4.69%	826.01K	21.94K
NVIDIA CORPORATIONSOLE	COM	996.29K	SH	$185.89M 4.04%	962.19K	34.10K
SPDR S&P 500 ETF TRSOLE	TR UNIT	205.03K	SH	$136.59M 2.97%	205.03K	0.00
INVESCO QQQ TRSOLE	UNIT SER 1	227.27K	SH	$136.45M 2.96%	227.27K	0.00
ISHARES TRSOLE	MSCI EAFE ETF	1.43M	SH	$133.27M 2.90%	1.43M	0.00
ALPHABET INCSOLE	CAP STK CL A	468.59K	SH	$113.91M 2.48%	452.70K	15.90K
SPDR GOLD TRSOLE	GOLD SHS	315.46K	SH	$112.14M 2.44%	315.46K	0.00
VANGUARD WORLD FDSOLE	INF TECH ETF	113.70K	SH	$84.89M 1.84%	113.70K	0.00
ISHARES TRSOLE	CALIF MUN BD ETF	1.43M	SH	$81.84M 1.78%	1.43M	0.00
GILEAD SCIENCES INCSOLE	COM	669K	SH	$74.26M 1.61%	660.95K	8.05K
ISHARES TRSOLE	IBONDS 26 TRM TS	3.10M	SH	$71.05M 1.54%	3.10M	0.00
ISHARES TRSOLE	CORE MSCI EAFE	794.63K	SH	$69.38M 1.51%	794.63K	0.00
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	205.90K	SH	$67.57M 1.47%	205.90K	0.00
J P MORGAN EXCHANGE TRADED FSOLE	MORTGAGE BACKED	1.30M	SH	$66.31M 1.44%	1.30M	0.00
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	100.49K	SH	$61.54M 1.34%	100.49K	0.00
META PLATFORMS INCSOLE	CL A	82.36K	SH	$60.48M 1.31%	82.36K	0.00
AMAZON COM INCSOLE	COM	271.84K	SH	$59.69M 1.30%	258.76K	13.08K
VISA INCSOLE	COM CL A	161.43K	SH	$55.11M 1.20%	157.38K	4.05K
VANGUARD INDEX FDSSOLE	SM CP VAL ETF	247.84K	SH	$51.73M 1.12%	247.84K	0.00
JPMORGAN CHASE & CO.SOLE	COM	162.11K	SH	$51.13M 1.11%	156.49K	5.62K
ISHARES TRSOLE	CORE S&P500 ETF	70.54K	SH	$47.21M 1.03%	70.54K	0.00
TAIWAN SEMICONDUCTOR MFG LTDSOLE	SPONSORED ADS	140.13K	SH	$39.14M 0.85%	140.13K	0.00
J P MORGAN EXCHANGE TRADED FSOLE	MUNICIPAL ETF	762.66K	SH	$38.49M 0.84%	762.66K	0.00
HOME DEPOT INCSOLE	COM	93.38K	SH	$37.84M 0.82%	89.22K	4.16K

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