BAILARD, INC.

PrivateCIK: 750641

Location

FOSTER CITY, CA

736

Positions

$4.35B

Total AUM (reported)

41.91M

Total Shares

Allocation by class

COM$1.87B43.0%

TR UNIT$131.03M3.0%

CAP STK CL A$127.16M2.9%

GOLD SHS$127.03M2.9%

STATE STREET SPD$125.17M2.9%

MSCI EAFE ETF$123.85M2.8%

COM NEW$105.87M2.4%

Portfolio Concentration

Top 3$521.34M12.0%

4–10$783.31M18.0%

11–25$780.93M18.0%

Rest$2.26B52.1%

Top 3 weight

12.0%

Top 10 weight

30.0%

Voting Authority Distribution

Total shares with voting rights: 41.91M

Sole

Full voting authority

41.13M

% of voting shares98.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

775.44K

% of voting shares1.9%

Investment Discretion (by position count)

Sole736

Shared0

Other0

Dominant voting typeSole · 98.1% of voting shares

Institutional Holdings736

Rows:

APPLE INC

SOLE

COM

Shares821.35K

TypeSH

Market value$208.45M

4.79%

Sole

794.55K

Shared

0.00

None

26.79K

NVIDIA CORPORATION

SOLE

COM

Shares900.45K

TypeSH

Market value$157.04M

3.61%

Sole

861.94K

Shared

0.00

None

38.51K

MICROSOFT CORP

SOLE

COM

Shares421.03K

TypeSH

Market value$155.85M

3.58%

Sole

408.76K

Shared

0.00

None

12.27K

STATE STR SPDR S&P 500 ETF T

SOLE

TR UNIT

Shares201.47K

TypeSH

Market value$131.03M

3.01%

Sole

201.47K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL A

Shares442.21K

TypeSH

Market value$127.16M

2.92%

Sole

423.78K

Shared

0.00

None

18.43K

SPDR GOLD TR

SOLE

GOLD SHS

Shares295.22K

TypeSH

Market value$127.03M

2.92%

Sole

295.22K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE ETF

Shares1.28M

TypeSH

Market value$123.85M

2.85%

Sole

1.28M

Shared

0.00

None

0.00

GILEAD SCIENCES INC

SOLE

COM

Shares731.50K

TypeSH

Market value$101.95M

2.34%

Sole

724.96K

Shared

0.00

None

6.54K

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares1.02M

TypeSH

Market value$93.13M

2.14%

Sole

1.02M

Shared

0.00

None

0.00

VANGUARD WORLD FD

SOLE

INF TECH ETF

Shares113.47K

TypeSH

Market value$79.17M

1.82%

Sole

113.47K

Shared

0.00

None

0.00

J P MORGAN EXCHANGE TRADED F

SOLE

MORTGAGE BACKED

Shares1.46M

TypeSH

Market value$74.26M

1.71%

Sole

1.46M

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE MSCI EAFE

Shares810.97K

TypeSH

Market value$73.42M

1.69%

Sole

810.97K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CALIF MUN BD ETF

Shares1.23M

TypeSH

Market value$70.20M

1.61%

Sole

1.23M

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares199.30K

TypeSH

Market value$63.94M

1.47%

Sole

199.30K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares265.06K

TypeSH

Market value$55.20M

1.27%

Sole

247.13K

Shared

0.00

None

17.94K

VANGUARD INDEX FDS

SOLE

SM CP VAL ETF

Shares253.68K

TypeSH

Market value$55.11M

1.27%

Sole

253.68K

Shared

0.00

None

0.00

ISHARES TR

SOLE

US TREAS BD ETF

Shares2.35M

TypeSH

Market value$53.89M

1.24%

Sole

2.35M

Shared

0.00

None

0.00

VISA INC

SOLE

COM CL A

Shares152.81K

TypeSH

Market value$46.18M

1.06%

Sole

149.41K

Shared

0.00

None

3.40K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares68.90K

TypeSH

Market value$45.01M

1.03%

Sole

68.90K

Shared

0.00

None

0.00

JPMORGAN CHASE & CO

SOLE

COM

Shares150.35K

TypeSH

Market value$44.23M

1.02%

Sole

142.38K

Shared

0.00

None

7.97K

TAIWAN SEMICONDUCTOR MANUFAC

SOLE

VANGUARD INTL EQUITY INDEX F

SOLE

ALLWRLD EX US

Shares540.19K

TypeSH

Market value$40.57M

0.93%

Sole

540.19K

Shared

0.00

None

0.00

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares68.69K

TypeSH

Market value$39.65M

0.91%

Sole

68.69K

Shared

0.00

None

0.00

COSTCO WHOLESALE CORPORATION

SOLE

COM

Shares39.52K

TypeSH

Market value$39.38M

0.91%

Sole

38.05K

Shared

0.00

None

1.47K

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares65.58K

TypeSH

Market value$39.18M

0.90%

Sole

65.58K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
APPLE INCSOLE	COM	821.35K	SH	$208.45M 4.79%	794.55K	26.79K
NVIDIA CORPORATIONSOLE	COM	900.45K	SH	$157.04M 3.61%	861.94K	38.51K
MICROSOFT CORPSOLE	COM	421.03K	SH	$155.85M 3.58%	408.76K	12.27K
STATE STR SPDR S&P 500 ETF TSOLE	TR UNIT	201.47K	SH	$131.03M 3.01%	201.47K	0.00
ALPHABET INCSOLE	CAP STK CL A	442.21K	SH	$127.16M 2.92%	423.78K	18.43K
SPDR GOLD TRSOLE	GOLD SHS	295.22K	SH	$127.03M 2.92%	295.22K	0.00
ISHARES TRSOLE	MSCI EAFE ETF	1.28M	SH	$123.85M 2.85%	1.28M	0.00
GILEAD SCIENCES INCSOLE	COM	731.50K	SH	$101.95M 2.34%	724.96K	6.54K
SPDR SERIES TRUSTSOLE	STATE STREET SPD	1.02M	SH	$93.13M 2.14%	1.02M	0.00
VANGUARD WORLD FDSOLE	INF TECH ETF	113.47K	SH	$79.17M 1.82%	113.47K	0.00
J P MORGAN EXCHANGE TRADED FSOLE	MORTGAGE BACKED	1.46M	SH	$74.26M 1.71%	1.46M	0.00
ISHARES TRSOLE	CORE MSCI EAFE	810.97K	SH	$73.42M 1.69%	810.97K	0.00
ISHARES TRSOLE	CALIF MUN BD ETF	1.23M	SH	$70.20M 1.61%	1.23M	0.00
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	199.30K	SH	$63.94M 1.47%	199.30K	0.00
AMAZON COM INCSOLE	COM	265.06K	SH	$55.20M 1.27%	247.13K	17.94K
VANGUARD INDEX FDSSOLE	SM CP VAL ETF	253.68K	SH	$55.11M 1.27%	253.68K	0.00
ISHARES TRSOLE	US TREAS BD ETF	2.35M	SH	$53.89M 1.24%	2.35M	0.00
VISA INCSOLE	COM CL A	152.81K	SH	$46.18M 1.06%	149.41K	3.40K
ISHARES TRSOLE	CORE S&P500 ETF	68.90K	SH	$45.01M 1.03%	68.90K	0.00
JPMORGAN CHASE & COSOLE	COM	150.35K	SH	$44.23M 1.02%	142.38K	7.97K
TAIWAN SEMICONDUCTOR MANUFACSOLE	SPONSORED ADS	120.46K	SH	$40.71M 0.94%	120.46K	0.00
VANGUARD INTL EQUITY INDEX FSOLE	ALLWRLD EX US	540.19K	SH	$40.57M 0.93%	540.19K	0.00
INVESCO QQQ TRSOLE	UNIT SER 1	68.69K	SH	$39.65M 0.91%	68.69K	0.00
COSTCO WHOLESALE CORPORATIONSOLE	COM	39.52K	SH	$39.38M 0.91%	38.05K	1.47K
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	65.58K	SH	$39.18M 0.90%	65.58K	0.00

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