BI
Bailard, Inc. — 13F Portfolio Report & Top Holdings (Q2 2026)
Bailard, Inc.CIK: 0000750641
Diversified strategyMomentum follower
Total reported value
$4.9B
Reporting period: 2026-06-30 · Number of holdings: 763
BAILARD, INC. disclosed 763 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $4.9B and a quarterly turnover rate of 29.5%.
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Personality snowflake
- Concentration
- 5.37
- Portfolio Stability
- 29.46
- Momentum
- 100
- Sector conviction
- 64.32
- Diversification
- 100
- Sizing Uniformity
- 69.59
Bailard, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.013 — mathematically equivalent to about 75 equally-sized positions, well below its 763 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.04), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 56% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim GLD
-63.7% -$87.5M
Trim BIL
-96.2% -$89.6M
Add IWN
+617.1% $94.6M
Add QQQ
+148.2% $85.9M
Add JMST
+240.5% $41.3M
Trim IBTG
-90.7% -$33.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 763 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 4.87% | +0.08% | +0.64% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 3.57% | -0.04% | -2.70% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.25% | +0.33% | +1.06% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 3.20% | -0.38% | +0.11% | |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.11% | +0.10% | +1.48% | |
| 6 | EFA | Ishares Msci Eafe ETF | ETF-Other | 2.71% | -0.14% | +0.67% | |
| 7 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 2.56% | +1.65% | +148.19% | |
| 8 | VGT | Vanguard Info Tech ETF | ETF-Tech | 2.22% | +0.40% | +703.89% | |
| 9 | IWN | Ishares Russell 2000 Value E | ETF-Small Cap | 2.19% | +1.89% | +617.12% | |
| 10 | GILD | Gilead Sciences Inc | Stock-Healthcare | 1.89% | -0.45% | +0.43% | |
| 11 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 1.59% | -0.10% | -0.29% | |
| 12 | JMTG | Mortgage-backed Securities | ETF-Other | 1.56% | -0.15% | +3.83% | |
| 13 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.47% | — | -1.80% | |
| 14 | CMF | Ishares California Muni Bond | ETF-Other | 1.42% | -0.19% | -1.72% | |
| 15 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.29% | +0.02% | +0.33% | |
| 16 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 1.27% | — | +1.49% | |
| 17 | JMST | JPM Ultra-short Muni Income | ETF-Other | 1.19% | +0.80% | +240.46% | |
| 18 | KLAC | Kla CORP | Stock-Tech | 1.19% | +0.53% | +888.03% | |
| 19 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.15% | +0.21% | -2.20% | |
| 20 | V | Visa Inc-class A Shares | Stock-Financials | 1.06% | — | -0.78% | |
| 21 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.05% | +0.02% | +0.12% | |
| 22 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.01% | -0.01% | +0.77% | |
| 23 | AVGO | Broadcom Inc | Stock-Tech | 0.98% | +0.12% | +4.93% | |
| 24 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.93% | — | +1.34% | |
| 25 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.92% | +0.02% | -0.04% | |
| 26 | XLK | Ss Technology Select Sector | ETF-Tech | 0.90% | +0.19% | -0.04% | |
| 27 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.89% | +0.46% | +10.71% | |
| 28 | CMI | Cummins Inc | Stock-Industrials | 0.84% | +0.13% | +1.45% | |
| 29 | GOVT | Ishares US Treasury Bond ETF | ETF-Gov Bonds | 0.82% | -0.42% | -24.88% | |
| 30 | MS | Morgan Stanley | Stock-Financials | 0.81% | +0.09% | -0.68% | |
| 31 | GLD | Spdr Gold Shares | ETF-Commodities | 0.80% | -2.12% | -63.69% | |
| 32 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.76% | -0.08% | -0.81% | |
| 33 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.76% | -0.15% | +1.42% | |
| 34 | IJS | Ishares S&p Small-cap 600 Va | ETF-Other | 0.74% | +0.01% | -1.45% | |
| 35 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.68% | -0.11% | -0.98% | |
| 36 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.68% | +0.04% | -2.68% | |
| 37 | JMUB | Jpmorgan Municipal ETF | ETF-Other | 0.67% | -0.11% | -3.91% | |
| 38 | IBTI | Ishares Ibonds Dec 2028 Term | ETF-Other | 0.65% | -0.05% | +5.71% | |
| 39 | HD | Home Depot Inc | Stock-Consumer Disc | 0.64% | -0.04% | -0.84% | |
| 40 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.62% | -0.13% | -1.31% | |
| 41 | TT | Trane Technologies plc | Stock-Industrials | 0.60% | +0.04% | +2.20% | |
| 42 | STLD | Steel Dynamics Inc | Stock-Materials | 0.54% | +0.06% | -1.00% | |
| 43 | BLK | Blackrock Inc | Stock-Financials | 0.52% | -0.07% | -1.38% | |
| 44 | ETN | Eaton Corporation plc | Stock-Industrials | 0.50% | +0.03% | -0.34% | |
| 45 | MU | Micron Technology Inc | Stock-Tech | 0.49% | +0.32% | -4.87% | |
| 46 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.48% | — | -0.65% | |
| 47 | AMD | Advanced Micro Devices | Stock-Tech | 0.46% | +0.30% | +14.90% | |
| 48 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.45% | — | +1.37% | |
| 49 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.45% | +0.12% | -0.05% | |
| 50 | IGM | Ishares Expanded Tech Sector | ETF-Tech | 0.44% | +0.07% | -3.10% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.9%
Performance Last 4 Quarters
+20.4%
- Stdev
- +11.4%
- Beta
- +0.86
- Alpha
- -0.4%
- Max Drawdown
- -6.5%
- Annualized Perf
- +17.5%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.96
- Stutzer
- +0.43
- Treynor
- +0.2
- Sterling
- +1.15
- Calmar
- +2.67
- Information Ratio
- -1.12
- Tracking Error
- +2.8%
- Stdev Down
- +5.7%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +28.4%
- Worst 12 Months
- +4.9%
- Efficiency Ratio
- +0.6
- Sharpe
- +1.48
- Stdev Sectors
- +10.6%
- Skewness
- -0.04
- Kurtosis
- -0.06
- Upside Potential
- +4.51
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 763 | $4.9B | 29 | ||
| 2026 Q1 | 736 | $4.4B | 21 | ||
| 2025 Q4 | 744 | $4.5B | 15 | ||
| 2025 Q3 | 777 | $4.6B | 35 | ||
| 2025 Q2 | 754 | $4.3B | 0 | ||
| 2025 Q1 | 735 | $3.9B | 100 | ||
| 2024 Q4 | 725 | $3.9B | 0 | ||
| 2024 Q3 | 734 | $3.8B | 0 | ||
| 2024 Q2 | 722 | $3.6B | 0 | ||
| 2024 Q1 | 731 | $3.6B | 0 | ||
| 2023 Q4 | 703 | $3.4B | 0 | ||
| 2023 Q3 | 694 | $3.0B | 0 | ||
| 2023 Q2 | 683 | $2.9B | 0 | ||
| 2023 Q1 | 710 | $2.8B | 0 | ||
| 2022 Q4 | 701 | $2.6B | 0 | ||
| 2022 Q3 | 660 | $2.4B | 0 | ||
| 2022 Q2 | 678 | $2.5B | 0 | ||
| 2022 Q1 | 715 | $3.0B | 0 | ||
| 2021 Q4 | 712 | $3.1B | 0 | ||
| 2021 Q3 | 698 | $2.9B | 0 | ||
| 2021 Q2 | 700 | $2.9B | 96 | ||
| 2021 Q1 | 687 | $2.7B | 28 | ||
| 2020 Q4 | 623 | $2.2B | 26 | ||
| 2020 Q3 | 550 | $1.9B | 23 | ||
| 2020 Q2 | 500 | $1.8B | 31 | ||
| 2020 Q1 | 446 | $1.4B | 59 | ||
| 2019 Q4 | 537 | $1.8B | 35 | ||
| 2019 Q3 | 528 | $1.7B | 33 | ||
| 2019 Q2 | 539 | $1.6B | 33 | ||
| 2019 Q1 | 539 | $1.6B | 36 | ||
| 2018 Q4 | 488 | $1.5B | 51 | ||
| 2018 Q3 | 526 | $1.7B | 27 | ||
| 2018 Q2 | 510 | $1.7B | 33 | ||
| 2018 Q1 | 475 | $1.6B | 29 | ||
| 2017 Q4 | 429 | $1.6B | 100 | ||
| 2017 Q3 | 298 | $1.3B | 0 | ||
| 2017 Q2 | 270 | $1.2B | 0 | ||
| 2017 Q1 | 290 | $1.2B | 0 | ||
| 2016 Q4 | 297 | $1.1B | 0 | ||
| 2016 Q3 | 313 | $1.1B | 0 | ||
| 2016 Q2 | 294 | $839.2M | 0 | ||
| 2016 Q1 | 248 | $715.9M | 100 | ||
| 2015 Q4 | 199 | $226.0M | 0 | ||
| 2015 Q3 | 239 | $636.4M | 99 | ||
| 2015 Q2 | 239 | $645.9M | 0 | ||
| 2015 Q1 | 233 | $720.2M | 0 | ||
| 2014 Q4 | 231 | $706.5M | 41 | ||
| 2014 Q3 | 233 | $651.7M | 58 | ||
| 2014 Q2 | 235 | $650.1M | 54 | ||
| 2014 Q1 | 215 | $630.5M | 52 | ||
| 2013 Q4 | 224 | $620.2M | 55 | ||
| 2013 Q3 | 214 | $526.5M | 76 | ||
| 2013 Q2 | 185 | $549.6M | 0 |
Holding changes this quarter
Bailard, Inc.'s most significant position changes for 2026-06-30: New buy: Ishares Floating Rate Bond E (FLOT); New buy: Ishares Treasury Floating Ra (TFLO); New buy: AerCap Holdings N.V. (AER); Sold out: Honeywell International Inc (HON); New buy: Sunbelt Rentals Holdings Inc (SUNB).
Showing top 200 changes by size (of 868 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IWN | Ishares Russell 2000 Value E | +1.9% | +617.12% | Add |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +1.7% | +148.19% | Add |
| 3 | JMST | JPM Ultra-short Muni Income | +0.8% | +240.46% | Add |
| 4 | KLAC | Kla CORP | +0.5% | +888.03% | Add |
| 5 | PANW | Palo Alto Networks Inc | +0.5% | +10.71% | Add |
| 6 | VGT | Vanguard Info Tech ETF | +0.4% | +703.89% | Add |
| 7 | GOOGL | Alphabet Inc-cl A | +0.3% | +1.06% | Add |
| 8 | MU | Micron Technology Inc | +0.3% | -4.87% | Trim |
| 9 | AMD | Advanced Micro Devices | +0.3% | +14.90% | Add |
| 10 | FLOT | Ishares Floating Rate Bond E | +0.3% | NEW | New buy |
| 11 | ESGV | Vanguard Esg US Stock ETF | +0.2% | +627.27% | Add |
| 12 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | -2.20% | Trim |
| 13 | XLK | Ss Technology Select Sector | +0.2% | -0.04% | Trim |
| 14 | AMAT | Applied Materials Inc | +0.2% | -3.72% | Trim |
| 15 | LRCX | Lam Research CORP | +0.2% | +3.18% | Add |
| 16 | ANET | Arista Networks Inc | +0.2% | +114.57% | Add |
| 17 | IEF | Ishares 7-10 Year Treasury B | +0.2% | +1546.58% | Add |
| 18 | CMI | Cummins Inc | +0.1% | +1.45% | Add |
| 19 | AVGO | Broadcom Inc | +0.1% | +4.93% | Add |
| 20 | UNH | Unitedhealth Group Inc | +0.1% | -0.05% | Trim |
| 21 | CAT | Caterpillar Inc | +0.1% | +11.71% | Add |
| 22 | MRVL | Marvell Technology Inc | +0.1% | -5.51% | Trim |
| 23 | TFLO | Ishares Treasury Floating Ra | +0.1% | NEW | New buy |
| 24 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +1.48% | Add |
| 25 | CSCO | Cisco Systems Inc | +0.1% | +3.69% | Add |
| 26 | AER | AerCap Holdings N.V. | +0.1% | NEW | New buy |
| 27 | MS | Morgan Stanley | +0.1% | -0.68% | Trim |
| 28 | TXN | Texas Instruments Inc | +0.1% | +1.20% | Add |
| 29 | ASML | ASML Holding N.V. | +0.1% | +3.96% | Add |
| 30 | P | Everpure Inc-a | +0.1% | +20.06% | Add |
| 31 | GLW | Corning Inc | +0.1% | +25.28% | Add |
| 32 | SUNB | Sunbelt Rentals Holdings Inc | +0.1% | NEW | New buy |
| 33 | AAPL | Apple Inc | +0.1% | +0.64% | Add |
| 34 | INTC | Intel CORP | +0.1% | -26.85% | Trim |
| 35 | IGM | Ishares Expanded Tech Sector | +0.1% | -3.10% | Trim |
| 36 | QCOM | Qualcomm Inc | +0.1% | -1.41% | Trim |
| 37 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -11.36% | Trim |
| 38 | STLD | Steel Dynamics Inc | +0.1% | -1.00% | Trim |
| 39 | DDOG | Datadog Inc - Class A | +0.1% | -27.80% | Trim |
| 40 | ✓ | +0.1% | NEW | New buy | |
| 41 | ✓ | +0.1% | NEW | New buy | |
| 42 | SE | Sea Ltd-adr | +0.1% | +45.40% | Add |
| 43 | SUSL | Ishares Esg Msci USA Leaders | +0.1% | NEW | New buy |
| 44 | CALI | Ishrs Sh-trm Ca Muni Act ETF | +0.1% | +490.95% | Add |
| 45 | CRDO | Credo Technology Group Holding Ltd | +0.1% | NEW | New buy |
| 46 | GOOG | Alphabet Inc-cl C | 0% | -2.68% | Trim |
| 47 | TT | Trane Technologies plc | 0% | +2.20% | Add |
| 48 | LLY | Eli Lilly & Co | 0% | -0.18% | Trim |
| 49 | AYI | Acuity Inc | 0% | +119.20% | Add |
| 50 | STX | Seagate Technology Holdings plc | 0% | +14.21% | Add |
1–50 of 200
Filing History
FAQ
What is Bailard, Inc. and what type of investor is it?
Bailard, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $4.9B, spread across 763 disclosed positions.
What are Bailard, Inc.'s largest equity positions?
Based on the latest 13F filing, Bailard, Inc.'s top holdings by market value are:
1. Apple Inc (AAPL) — $239.2M (4.9%)
2. Nvidia CORP (NVDA) — $175.3M (3.6%)
3. Alphabet Inc-cl A (GOOGL) — $159.7M (3.3%)
4. Microsoft CORP (MSFT) — $157.2M (3.2%)
5. Ss Spdr S&p 500 ETF Trust-us (SPY) — $152.7M (3.1%)
What changes did Bailard, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Bailard, Inc. made 198 notable position adjustments: 26 new positions were initiated, 71 existing holdings were added to, 84 positions were partially reduced, and 17 were completely exited. The largest of these moves: New buy: Ishares Floating Rate Bond E (FLOT); New buy: Ishares Treasury Floating Ra (TFLO); New buy: AerCap Holdings N.V. (AER); Sold out: Honeywell International Inc (HON); New buy: Sunbelt Rentals Holdings Inc (SUNB)
What sectors does Bailard, Inc. focus on?
Bailard, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.2%
• Financials: 11.9%
• Health Care: 11.2%
• Communication Services: 10.4%
• Industrials: 8.6%
• Consumer Discretionary: 7.0%
Investment Profile
Bailard, Inc. returned an annualized 17.5% over the trailing 36 months — underperforming the S&P 500 by 0.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.86 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 40.2% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 29 over the past 4 quarters — a shift toward more active trading.
It has added to its IWN position over the past two quarters (+$94.9M, now $107.4M), while trimming IBTG over the same stretch (-$61.2M, still holding $3.4M).
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