BAILARD, INC.

PrivateCIK: 750641

Location

FOSTER CITY, CA

746

Positions

$4.94B

Total AUM (reported)

40.78M

Total Shares

Allocation by class

COM$2.17B44.0%

TR UNIT$230.05M4.7%

CAP STK CL A$153.33M3.1%

MSCI EAFE ETF$137.42M2.8%

COM NEW$127.25M2.6%

INF TECH ETF$110.27M2.2%

CL A$103.59M2.1%

Portfolio Concentration

Top 3$718.15M14.5%

4–10$899.67M18.2%

11–25$829.92M16.8%

Rest$2.49B50.5%

Top 3 weight

14.5%

Top 10 weight

32.7%

Voting Authority Distribution

Total shares with voting rights: 40.78M

Sole

Full voting authority

39.70M

% of voting shares97.4%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.08M

% of voting shares2.6%

Investment Discretion (by position count)

Sole746

Shared0

Other0

Dominant voting typeSole · 97.4% of voting shares

Institutional Holdings746

Rows:

APPLE INC

SOLE

COM

Shares817.79K

TypeSH

Market value$272.34M

5.51%

Sole

781.28K

Shared

0.00

None

36.51K

STATE STR SPDR S&P 500 ETF T

SOLE

TR UNIT

Shares301.65K

TypeSH

Market value$230.05M

4.66%

Sole

301.65K

Shared

0.00

None

0.00

MICROSOFT CORP

SOLE

COM

Shares420.66K

TypeSH

Market value$215.76M

4.37%

Sole

404.11K

Shared

0.00

None

16.55K

NVIDIA CORPORATION

SOLE

COM

Shares906.84K

TypeSH

Market value$207.10M

4.19%

Sole

852.69K

Shared

0.00

None

54.16K

ALPHABET INC

SOLE

CAP STK CL A

Shares445.62K

TypeSH

Market value$153.33M

3.10%

Sole

417.61K

Shared

0.00

None

28.01K

ISHARES TR

SOLE

MSCI EAFE ETF

Shares1.32M

TypeSH

Market value$137.42M

2.78%

Sole

1.32M

Shared

0.00

None

0.00

VANGUARD WORLD FD

SOLE

INF TECH ETF

Shares877.43K

TypeSH

Market value$110.27M

2.23%

Sole

877.43K

Shared

0.00

None

0.00

GILEAD SCIENCES INC

SOLE

COM

Shares734.72K

TypeSH

Market value$109.51M

2.22%

Sole

725.76K

Shared

0.00

None

8.96K

ISHARES TR

SOLE

RUS 2000 VAL ETF

Shares492.59K

TypeSH

Market value$103.17M

2.09%

Sole

492.59K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE MSCI EAFE

Shares814.01K

TypeSH

Market value$78.86M

1.60%

Sole

814.01K

Shared

0.00

None

0.00

J P MORGAN EXCHANGE TRADED F

SOLE

MORTGAGE BACKED

Shares1.53M

TypeSH

Market value$74.07M

1.50%

Sole

1.53M

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

MRNGSTR TTL STK

Shares194.82K

TypeSH

Market value$72.91M

1.48%

Sole

194.82K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares270.17K

TypeSH

Market value$67.31M

1.36%

Sole

246.56K

Shared

0.00

None

23.61K

VANGUARD INDEX FDS

SOLE

MRNGSTR SML CP V

Shares259.45K

TypeSH

Market value$59.94M

1.21%

Sole

259.45K

Shared

0.00

None

0.00

VISA INC

SOLE

COM CL A

Shares154.97K

TypeSH

Market value$55.69M

1.13%

Sole

147.59K

Shared

0.00

None

7.38K

TAIWAN SEMICONDUCTOR MANUFAC

SOLE

ISHARES TR

SOLE

CALIF MUN BD ETF

Shares985.23K

TypeSH

Market value$53.32M

1.08%

Sole

985.23K

Shared

0.00

None

0.00

ISHARES TR

SOLE

TRS FLT RT BD

Shares1.05M

TypeSH

Market value$53.03M

1.07%

Sole

1.05M

Shared

0.00

None

0.00

PALO ALTO NETWORKS INC

SOLE

COM

Shares131.12K

TypeSH

Market value$52.09M

1.05%

Sole

125.83K

Shared

0.00

None

5.29K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares66.68K

TypeSH

Market value$51.06M

1.03%

Sole

66.68K

Shared

0.00

None

0.00

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares67.86K

TypeSH

Market value$50.20M

1.02%

Sole

67.86K

Shared

0.00

None

0.00

JPMORGAN CHASE & CO

SOLE

COM

Shares151.58K

TypeSH

Market value$50.15M

1.01%

Sole

140.84K

Shared

0.00

None

10.74K

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares65.75K

TypeSH

Market value$46.09M

0.93%

Sole

65.75K

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX F

SOLE

ALLWRLD EX US

Shares549.29K

TypeSH

Market value$45.58M

0.92%

Sole

549.29K

Shared

0.00

None

0.00

BROADCOM INC

SOLE

COM

Shares128.43K

TypeSH

Market value$45.10M

0.91%

Sole

116.07K

Shared

0.00

None

12.37K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
APPLE INCSOLE	COM	817.79K	SH	$272.34M 5.51%	781.28K	36.51K
STATE STR SPDR S&P 500 ETF TSOLE	TR UNIT	301.65K	SH	$230.05M 4.66%	301.65K	0.00
MICROSOFT CORPSOLE	COM	420.66K	SH	$215.76M 4.37%	404.11K	16.55K
NVIDIA CORPORATIONSOLE	COM	906.84K	SH	$207.10M 4.19%	852.69K	54.16K
ALPHABET INCSOLE	CAP STK CL A	445.62K	SH	$153.33M 3.10%	417.61K	28.01K
ISHARES TRSOLE	MSCI EAFE ETF	1.32M	SH	$137.42M 2.78%	1.32M	0.00
VANGUARD WORLD FDSOLE	INF TECH ETF	877.43K	SH	$110.27M 2.23%	877.43K	0.00
GILEAD SCIENCES INCSOLE	COM	734.72K	SH	$109.51M 2.22%	725.76K	8.96K
ISHARES TRSOLE	RUS 2000 VAL ETF	492.59K	SH	$103.17M 2.09%	492.59K	0.00
ISHARES TRSOLE	CORE MSCI EAFE	814.01K	SH	$78.86M 1.60%	814.01K	0.00
J P MORGAN EXCHANGE TRADED FSOLE	MORTGAGE BACKED	1.53M	SH	$74.07M 1.50%	1.53M	0.00
VANGUARD INDEX FDSSOLE	MRNGSTR TTL STK	194.82K	SH	$72.91M 1.48%	194.82K	0.00
AMAZON COM INCSOLE	COM	270.17K	SH	$67.31M 1.36%	246.56K	23.61K
VANGUARD INDEX FDSSOLE	MRNGSTR SML CP V	259.45K	SH	$59.94M 1.21%	259.45K	0.00
VISA INCSOLE	COM CL A	154.97K	SH	$55.69M 1.13%	147.59K	7.38K
TAIWAN SEMICONDUCTOR MANUFACSOLE	SPONSORED ADS	117.01K	SH	$53.38M 1.08%	117.01K	0.00
ISHARES TRSOLE	CALIF MUN BD ETF	985.23K	SH	$53.32M 1.08%	985.23K	0.00
ISHARES TRSOLE	TRS FLT RT BD	1.05M	SH	$53.03M 1.07%	1.05M	0.00
PALO ALTO NETWORKS INCSOLE	COM	131.12K	SH	$52.09M 1.05%	125.83K	5.29K
ISHARES TRSOLE	CORE S&P500 ETF	66.68K	SH	$51.06M 1.03%	66.68K	0.00
INVESCO QQQ TRSOLE	UNIT SER 1	67.86K	SH	$50.20M 1.02%	67.86K	0.00
JPMORGAN CHASE & COSOLE	COM	151.58K	SH	$50.15M 1.01%	140.84K	10.74K
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	65.75K	SH	$46.09M 0.93%	65.75K	0.00
VANGUARD INTL EQUITY INDEX FSOLE	ALLWRLD EX US	549.29K	SH	$45.58M 0.92%	549.29K	0.00
BROADCOM INCSOLE	COM	128.43K	SH	$45.10M 0.91%	116.07K	12.37K

Page 1 of 30

…