BAILARD, INC.

PrivateCIK: 750641

Location

FOSTER CITY, CA

763

Positions

$4.91B

Total AUM (reported)

41.76M

Total Shares

Allocation by class

COM$2.07B42.1%

CAP STK CL A$159.70M3.3%

COM NEW$157.34M3.2%

TR UNIT$152.68M3.1%

MSCI EAFE ETF$133.34M2.7%

UNIT SER 1$125.54M2.6%

INF TECH ETF$109.02M2.2%

Portfolio Concentration

Top 3$574.18M11.7%

4–10$878.04M17.9%

11–25$888.25M18.1%

Rest$2.57B52.4%

Top 3 weight

11.7%

Top 10 weight

29.6%

Voting Authority Distribution

Total shares with voting rights: 41.76M

Sole

Full voting authority

40.68M

% of voting shares97.4%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.09M

% of voting shares2.6%

Investment Discretion (by position count)

Sole763

Shared0

Other0

Dominant voting typeSole · 97.4% of voting shares

Institutional Holdings763

Rows:

APPLE INC

SOLE

COM

Shares826.57K

TypeSH

Market value$239.18M

4.87%

Sole

792.27K

Shared

0.00

None

34.30K

NVIDIA CORPORATION

SOLE

COM

Shares876.12K

TypeSH

Market value$175.30M

3.57%

Sole

827.78K

Shared

0.00

None

48.34K

ALPHABET INC

SOLE

CAP STK CL A

Shares446.88K

TypeSH

Market value$159.70M

3.25%

Sole

421.78K

Shared

0.00

None

25.10K

MICROSOFT CORP

SOLE

COM

Shares421.51K

TypeSH

Market value$157.23M

3.20%

Sole

405.96K

Shared

0.00

None

15.54K

STATE STR SPDR S&P 500 ETF T

SOLE

TR UNIT

Shares204.45K

TypeSH

Market value$152.68M

3.11%

Sole

204.45K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE ETF

Shares1.28M

TypeSH

Market value$133.34M

2.71%

Sole

1.28M

Shared

0.00

None

0.00

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares170.48K

TypeSH

Market value$125.54M

2.56%

Sole

170.48K

Shared

0.00

None

0.00

VANGUARD WORLD FD

SOLE

INF TECH ETF

Shares912.14K

TypeSH

Market value$109.02M

2.22%

Sole

912.14K

Shared

0.00

None

0.00

ISHARES TR

SOLE

RUS 2000 VAL ETF

Shares485.65K

TypeSH

Market value$107.43M

2.19%

Sole

485.65K

Shared

0.00

None

0.00

GILEAD SCIENCES INC

SOLE

COM

Shares734.61K

TypeSH

Market value$92.81M

1.89%

Sole

726.30K

Shared

0.00

None

8.31K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares808.65K

TypeSH

Market value$78.10M

1.59%

Sole

808.65K

Shared

0.00

None

0.00

J P MORGAN EXCHANGE TRADED F

SOLE

MORTGAGE BACKED

Shares1.51M

TypeSH

Market value$76.62M

1.56%

Sole

1.51M

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares195.70K

TypeSH

Market value$72.42M

1.47%

Sole

195.70K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CALIF MUN BD ETF

Shares1.21M

TypeSH

Market value$69.94M

1.42%

Sole

1.21M

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares265.94K

TypeSH

Market value$63.38M

1.29%

Sole

245.97K

Shared

0.00

None

19.96K

VANGUARD INDEX FDS

SOLE

SM CP VAL ETF

Shares257.47K

TypeSH

Market value$62.56M

1.27%

Sole

257.47K

Shared

0.00

None

0.00

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHT MUNCPL

Shares1.15M

TypeSH

Market value$58.50M

1.19%

Sole

1.15M

Shared

0.00

None

0.00

KLA CORP

SOLE

COM NEW

Shares193.37K

TypeSH

Market value$58.34M

1.19%

Sole

193.37K

Shared

0.00

None

0.00

TAIWAN SEMICONDUCTOR MANUFAC

SOLE

VISA INC

SOLE

COM CL A

Shares151.62K

TypeSH

Market value$52.02M

1.06%

Sole

147.31K

Shared

0.00

None

4.31K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares68.99K

TypeSH

Market value$51.66M

1.05%

Sole

68.99K

Shared

0.00

None

0.00

JPMORGAN CHASE & CO

SOLE

COM

Shares151.50K

TypeSH

Market value$49.59M

1.01%

Sole

141.41K

Shared

0.00

None

10.10K

BROADCOM INC

SOLE

COM

Shares127.02K

TypeSH

Market value$47.98M

0.98%

Sole

115.50K

Shared

0.00

None

11.52K

VANGUARD INTL EQUITY INDEX F

SOLE

ALLWRLD EX US

Shares547.45K

TypeSH

Market value$45.85M

0.93%

Sole

547.45K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares65.55K

TypeSH

Market value$45.02M

0.92%

Sole

65.55K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
APPLE INCSOLE	COM	826.57K	SH	$239.18M 4.87%	792.27K	34.30K
NVIDIA CORPORATIONSOLE	COM	876.12K	SH	$175.30M 3.57%	827.78K	48.34K
ALPHABET INCSOLE	CAP STK CL A	446.88K	SH	$159.70M 3.25%	421.78K	25.10K
MICROSOFT CORPSOLE	COM	421.51K	SH	$157.23M 3.20%	405.96K	15.54K
STATE STR SPDR S&P 500 ETF TSOLE	TR UNIT	204.45K	SH	$152.68M 3.11%	204.45K	0.00
ISHARES TRSOLE	MSCI EAFE ETF	1.28M	SH	$133.34M 2.71%	1.28M	0.00
INVESCO QQQ TRSOLE	UNIT SER 1	170.48K	SH	$125.54M 2.56%	170.48K	0.00
VANGUARD WORLD FDSOLE	INF TECH ETF	912.14K	SH	$109.02M 2.22%	912.14K	0.00
ISHARES TRSOLE	RUS 2000 VAL ETF	485.65K	SH	$107.43M 2.19%	485.65K	0.00
GILEAD SCIENCES INCSOLE	COM	734.61K	SH	$92.81M 1.89%	726.30K	8.31K
ISHARES TRSOLE	CORE MSCI EAFE	808.65K	SH	$78.10M 1.59%	808.65K	0.00
J P MORGAN EXCHANGE TRADED FSOLE	MORTGAGE BACKED	1.51M	SH	$76.62M 1.56%	1.51M	0.00
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	195.70K	SH	$72.42M 1.47%	195.70K	0.00
ISHARES TRSOLE	CALIF MUN BD ETF	1.21M	SH	$69.94M 1.42%	1.21M	0.00
AMAZON COM INCSOLE	COM	265.94K	SH	$63.38M 1.29%	245.97K	19.96K
VANGUARD INDEX FDSSOLE	SM CP VAL ETF	257.47K	SH	$62.56M 1.27%	257.47K	0.00
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHT MUNCPL	1.15M	SH	$58.50M 1.19%	1.15M	0.00
KLA CORPSOLE	COM NEW	193.37K	SH	$58.34M 1.19%	193.37K	0.00
TAIWAN SEMICONDUCTOR MANUFACSOLE	SPONSORED ADS	117.80K	SH	$56.26M 1.15%	117.80K	0.00
VISA INCSOLE	COM CL A	151.62K	SH	$52.02M 1.06%	147.31K	4.31K
ISHARES TRSOLE	CORE S&P500 ETF	68.99K	SH	$51.66M 1.05%	68.99K	0.00
JPMORGAN CHASE & COSOLE	COM	151.50K	SH	$49.59M 1.01%	141.41K	10.10K
BROADCOM INCSOLE	COM	127.02K	SH	$47.98M 0.98%	115.50K	11.52K
VANGUARD INTL EQUITY INDEX FSOLE	ALLWRLD EX US	547.45K	SH	$45.85M 0.93%	547.45K	0.00
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	65.55K	SH	$45.02M 0.92%	65.55K	0.00

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