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Livermore
Livermore
ZHEN

Bailard, Inc.

SEC CIK
0000750641
Latest filing
Jul 30, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 4, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
744
−33 vs. Q3 2025
Portfolio value
$4.52B
−$85.5M (−1.9%) vs. Q3 2025
Filed
Feb 4, 2026
SEC
Holdings of Bailard, Inc. in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
AAPLApple Inc.Stock828,481$225.2M5.0%−19,475−2.3%ReducedHistory
MSFTMicrosoft CorpStock422,852$204.5M4.5%−8,071−1.9%ReducedHistory
NVDANVIDIA CorpStock914,400$170.5M3.8%−81,895−8.2%ReducedHistory
GOOGLAlphabet Inc.Stock461,402$144.4M3.2%−7,190−1.5%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF202,575$138.1M3.1%−2,457−1.2%ReducedHistory
Invesco QQQ Trust Series I46090E103ETF220,922$135.7M3.0%−6,347−2.8%Reduced–
GLDSPDR Gold TrustETF310,893$123.2M2.7%−4,564−1.4%ReducedHistory
iShares MSCI Eafe ETF464287465ETF1,272,638$122.2M2.7%−154,678−10.8%Reduced–
GILDGilead Sciences, Inc.Stock734,057$90.1M2.0%+65,056+9.7%AddedHistory
Vanguard Information Technology ETF92204A702ETF113,885$85.8M1.9%+181+0.2%Added–
iShares Tr464288356CALIF MUN BD ETF1,439,125$82.7M1.8%+4,372+0.3%Added–
J P Morgan Exchange Traded F46654Q575MORTGAGE BACKED1,450,504$74.1M1.6%+150,367+11.6%Added–
iShares Core MSCI Eafe ETF46432F842ETF794,385$71.1M1.6%−2470.0%Reduced–
Vanguard Morningstar Total Stock Market ETF922908769ETF202,079$67.8M1.5%−3,825−1.9%Reduced–
iShares Tr46436E858IBONDS 26 TRM TS2,824,210$64.6M1.4%−271,689−8.8%Reduced–
AMZNAmazon Com IncStock258,962$59.8M1.3%−12,876−4.7%ReducedHistory
VVisa Inc.Stock154,467$54.2M1.2%−6,964−4.3%ReducedHistory
Vanguard Morningstar Small-Cap Value ETF922908611ETF249,231$52.8M1.2%+1,390+0.6%Added–
JPMJPMorgan Chase & CoStock154,817$49.9M1.1%−7,291−4.5%ReducedHistory
iShares Core S&P 500 ETF464287200ETF69,847$47.8M1.1%−695−1.0%Reduced–
AVGOBroadcom Inc.Stock125,712$43.5M1.0%+11,338+9.9%AddedHistory
iShares U.S. Treasury Bond ETF46429B267ETF1,879,087$43.3M1.0%+319,691+20.5%Added–
Vanguard S&P 500 ETF922908363ETF67,501$42.3M0.9%−32,986−32.8%Reduced–
METAMeta Platforms, Inc.Stock61,095$40.3M0.9%−21,266−25.8%ReducedHistory
J P Morgan Exchange Traded F46641Q647MUNICIPAL ETF794,545$40.1M0.9%+31,886+4.2%Added–
Vanguard Ftse All-World Ex-US Index Fund922042775ETF540,697$39.8M0.9%+20,670+4.0%Added–
TSMTaiwan Semiconductor Manufacturing Co LtdADR127,890$38.9M0.9%−12,239−8.7%ReducedHistory
MSMorgan StanleyStock194,271$34.5M0.8%−1,148−0.6%ReducedHistory
COSTCostco Wholesale CorpStock39,354$33.9M0.8%−754−1.9%ReducedHistory
State Street Technology Select Sector SPDR ETF81369Y803ETF233,201$33.6M0.7%−2,999−1.3%ReducedConverted for a 2-for-1 split–
GOOGAlphabet Inc.Stock99,867$31.3M0.7%−506−0.5%ReducedHistory
TJXTJX Companies IncStock203,821$31.3M0.7%−11,742−5.4%ReducedHistory
HDHome Depot, Inc.Stock90,342$31.1M0.7%−3,040−3.3%ReducedHistory
JNJJohnson & JohnsonStock149,439$30.9M0.7%−3,105−2.0%ReducedHistory
iShares S&P Small-Cap 600 Value ETF464287879ETF270,840$30.8M0.7%−2,374−0.9%Reduced–
CMICummins IncStock57,435$29.3M0.6%−2,395−4.0%ReducedHistory
BLKBlackRock, Inc.Stock26,691$28.6M0.6%−1,009−3.6%ReducedHistory
Vanguard Malvern FDS922020805STRM INFPROIDX538,707$26.6M0.6%+538,707New–
KLACKLA CorpCOM NEW21,598$26.2M0.6%−1,534−6.6%ReducedHistory
NFLXNetflix IncStock248,046$23.3M0.5%00.0%UnchangedConverted for a 10-for-1 splitHistory
UBERUber Technologies, IncStock282,988$23.1M0.5%+5,515+2.0%AddedHistory
TTTrane Technologies plcSHS58,918$22.9M0.5%−911−1.5%ReducedHistory
QCOMQualcomm IncStock132,313$22.6M0.5%−246−0.2%ReducedHistory
iShares Tr464288158SHRT NAT MUN ETF199,528$21.3M0.5%+77,237+63.2%Added–
INTUIntuit Inc.Stock31,255$20.7M0.5%−1,522−4.6%ReducedHistory
PGProcter & Gamble CoStock142,108$20.4M0.5%−11,845−7.7%ReducedHistory
iShares Core S&P Mid-Cap ETF464287507ETF307,238$20.3M0.4%−145,297−32.1%Reduced–
UNHUnitedHealth Group IncStock60,224$19.9M0.4%−3,685−5.8%ReducedHistory
PANWPalo Alto Networks IncStock106,025$19.5M0.4%−3,415−3.1%ReducedHistory
SPOTSpotify Technology S.A.Stock33,284$19.3M0.4%−701−2.1%ReducedHistory
BSXBoston Scientific CorpStock202,156$19.3M0.4%−1,291−0.6%ReducedHistory
CBChubb LtdStock60,213$18.8M0.4%−1,166−1.9%ReducedHistory
Vanguard Ftse Developed Markets ETF921943858ETF299,526$18.7M0.4%+7,801+2.7%Added–
ETNEaton Corp plcStock56,843$18.1M0.4%−1,901−3.2%ReducedHistory
WMWaste Management IncStock79,667$17.5M0.4%−3,485−4.2%ReducedHistory
STLDSteel Dynamics IncCOM102,031$17.3M0.4%+865+0.9%AddedHistory
iShares Tr464287549EXPND TEC SC ETF130,075$16.8M0.4%−7,563−5.5%Reduced–
COPConocoPhillipsStock177,475$16.6M0.4%+872+0.5%AddedHistory
SPGIS&P Global Inc.Stock31,748$16.6M0.4%+376+1.2%AddedHistory
Vanguard Ftse Emerging Markets ETF922042858ETF303,791$16.3M0.4%−191,642−38.7%Reduced–
CVXChevron CorpStock107,005$16.3M0.4%−7,962−6.9%ReducedHistory
AMGNAmgen IncStock49,565$16.2M0.4%+1,356+2.8%AddedHistory
DHRDanaher CorpStock69,384$15.9M0.4%−713−1.0%ReducedHistory
iShares Tr464288638ISHS 5-10YR INVT294,024$15.8M0.4%+21,190+7.8%Added–
VRTXVertex Pharmaceuticals IncStock33,975$15.4M0.3%−664−1.9%ReducedHistory
BRK.BBerkshire Hathaway IncStock29,262$14.7M0.3%−1,334−4.4%ReducedHistory
AZNAstraZeneca PLCSPONSORED ADR159,013$14.6M0.3%+9,601+6.4%AddedHistory
iShares Core S&P Small Cap ETF464287804ETF121,596$14.6M0.3%−923−0.8%Reduced–
iShares MSCI Acwi Ex U.S. ETF464288240ETF212,394$14.3M0.3%+5,590+2.7%Added–
LLYEli Lilly & CoStock12,772$13.7M0.3%−634−4.7%ReducedHistory
iShares Tr464287234MSCI EMG MKT ETF247,528$13.5M0.3%−197−0.1%Reduced–
ACNAccenture plcStock49,138$13.2M0.3%−5,283−9.7%ReducedHistory
ABBVAbbVie Inc.Stock56,246$12.9M0.3%+10,893+24.0%AddedHistory
iShares Tr464287630RUS 2000 VAL ETF69,165$12.5M0.3%+3,260+4.9%Added–
BACBank of America CorpStock227,456$12.5M0.3%+276+0.1%AddedHistory
iShares Russell Midcap ETF464287499ETF129,460$12.5M0.3%−416−0.3%Reduced–
iShares Tr464288166AGENCY BOND ETF112,826$12.4M0.3%+2,577+2.3%Added–
COFCapital One Financial CorpStock50,996$12.4M0.3%+254+0.5%AddedHistory
ADBEAdobe Inc.Stock35,229$12.3M0.3%−1,806−4.9%ReducedHistory
ORCLOracle CorpStock62,727$12.2M0.3%−21,264−25.3%ReducedHistory
NOWServiceNow, Inc.Stock79,350$12.2M0.3%+3,475+4.6%AddedConverted for a 5-for-1 splitHistory
PIMCO ETF Tr72201R866INTER MUN BD ACT230,890$12.1M0.3%−3,315−1.4%Reduced–
ABTAbbott LaboratoriesStock93,322$11.7M0.3%−6,536−6.5%ReducedHistory
Vanguard Morningstar Mid-Cap ETF922908629ETF40,041$11.6M0.3%+24+0.1%Added–
MCDMcDonalds CorpStock37,918$11.6M0.3%+637+1.7%AddedHistory
Vanguard Real Estate ETF922908553ETF130,662$11.6M0.3%−53,401−29.0%Reduced–
CSCOCisco Systems, Inc.Stock149,204$11.5M0.3%−6,963−4.5%ReducedHistory
PEPPepsiCo IncStock79,214$11.4M0.3%+605+0.8%AddedHistory
PLDPrologis, Inc.REIT88,954$11.4M0.3%−8,496−8.7%ReducedHistory
EXPEExpedia Group, Inc.Stock39,902$11.3M0.3%+166+0.4%AddedHistory
CATCaterpillar IncStock19,655$11.3M0.2%+379+2.0%AddedHistory
DISWalt Disney CoStock97,628$11.1M0.2%−651−0.7%ReducedHistory
PNCPNC Financial Services Group, Inc.Stock50,824$10.6M0.2%+272+0.5%AddedHistory
KOCoca Cola CoStock149,523$10.5M0.2%−2,308−1.5%ReducedHistory
iShares Tr464288646ISHS 1-5YR INVS191,272$10.1M0.2%−28,874−13.1%Reduced–
SPDR Index Shs FDS78470E106ST STR MSCI EAFE197,825$9.98M0.2%+20,331+11.5%Added–
TXNTexas Instruments IncStock56,096$9.73M0.2%−5,332−8.7%ReducedHistory
Vanguard Consumer Discretionary ETF92204A108ETF24,594$9.69M0.2%+723+3.0%Added–
iShares Tr46436E551ESG SELECT SCRE213,468$9.53M0.2%+2,022+1.0%Added–
LINLinde PLCStock21,737$9.27M0.2%−876−3.9%ReducedHistory

Sold out since Q3 2025 (154)

Positions held at the end of Q3 2025 that are gone from this filing.

The largest 100 of 154 by value last quarter.

Positions of Bailard, Inc. sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
Vanguard Morningstar Small-Cap Growth ETF922908595ETF17,766$5.29M0.1%–
NTNXNutanix, Inc.Stock65,284$4.86M0.1%History
VRNSVaronis Systems IncCOM57,984$3.33M0.1%History
CCEPCoca-Cola Europacific Partners plcSHS22,504$2.03M<0.1%History
FUTUFutu Holdings LtdSPON ADS CL A10,001$1.74M<0.1%History
JOBYJoby Aviation, Inc.COMMON STOCK77,395$1.25M<0.1%History
CMECME Group Inc.COM4,017$1.09M<0.1%History
WSMWilliams Sonoma IncCOM5,527$1.08M<0.1%History
CVLTCommvault Systems IncCOM5,313$1.00M<0.1%History
CIENCiena CorpCOM NEW6,706$976.9K<0.1%History
AEPAmerican Electric Power Co IncStock7,981$897.9K<0.1%History
ILPTIndustrial Logistics Properties TrustCOM SHS BEN INT148,999$868.7K<0.1%History
EPRTEssential Properties Realty Trust, Inc.COM28,953$861.6K<0.1%History
HAFCHanmi Financial CorpCOM NEW34,623$854.8K<0.1%History
HBNCHorizon Bancorp IncCOM52,000$832.5K<0.1%History
OSBCOld Second Bancorp IncCOM47,750$825.4K<0.1%History
NVONovo Nordisk A SADR14,737$817.8K<0.1%History
ULUnilever PLCSPON ADR NEW13,653$809.4K<0.1%History
KMBKimberly Clark CorpStock6,027$749.4K<0.1%History
CCNECNB Financial CorpCOM30,900$747.8K<0.1%History
MFAMfa Financial, Inc.COM80,800$742.6K<0.1%History
RYZRyerson Holding CorpCOM31,900$729.2K<0.1%History
MRCMRC Global Inc.COM50,500$728.2K<0.1%History
APOGApogee Enterprises, Inc.COM15,700$684.0K<0.1%History
SFNCSimmons First National CorpCL A $1 PAR34,800$667.1K<0.1%History
AAPAdvance Auto Parts IncCOM10,788$662.4K<0.1%History
EEFTEuronet Worldwide, Inc.COM7,500$658.6K<0.1%History
BBWIBath & Body Works, Inc.COM24,907$641.6K<0.1%History
MGNIMagnite, Inc.COM29,079$633.3K<0.1%History
GTNGray Media, IncCOM107,400$620.8K<0.1%History
SNOWSnowflake Inc.Stock2,750$620.3K<0.1%History
MATMattel IncCOM36,000$605.9K<0.1%History
WYNNWynn Resorts LtdCOM4,684$600.8K<0.1%History
AREAlexandria Real Estate Equities, Inc.COM7,089$590.8K<0.1%History
CUZCousins Properties IncCOM NEW20,172$583.8K<0.1%History
ODPODP CorpCOM20,800$579.3K<0.1%History
FBRTFranklin BSP Realty Trust, Inc.COMMON STOCK53,000$575.6K<0.1%History
URGUr-Energy IncCOM303,358$543.0K<0.1%History
WBSWebster Financial CorpCOM9,006$535.3K<0.1%History
GHCGraham Holdings CoCOM CL B453$533.3K<0.1%History
FLSFlowserve CorpCOM10,017$532.3K<0.1%History
State Street SPDR Portfolio S&P 500 ETF78464A854ETF6,653$521.2K<0.1%–
PKSTPeakstone Realty TrustCommon Stock37,900$497.2K<0.1%History
FRTFederal Realty Investment TrustSH BEN INT NEW4,900$496.4K<0.1%History
MDUMdu Resources Group IncStock27,788$494.9K<0.1%History
ZIONZions Bancorporation, National AssociationCOM8,600$486.6K<0.1%History
COOPMaverick Merger Sub 2, LLCCOM2,300$484.8K<0.1%History
STRAStrategic Education, Inc.COM5,463$469.9K<0.1%History
CIVBCivista Bancshares, Inc.COM NO PAR21,742$441.6K<0.1%History
MXLMaxlinear, IncCOM27,300$439.0K<0.1%History
ACTEnact Holdings, Inc.COM11,188$428.9K<0.1%History
GFFGriffon CorpCOM5,617$427.7K<0.1%History
LADLithia Motors IncCOM1,301$411.1K<0.1%History
ALEXAlexander & Baldwin, Inc.COM21,811$396.7K<0.1%History
RWTRedwood Trust IncCOM67,767$392.4K<0.1%History
SWXSouthwest Gas Holdings, Inc.COM5,000$391.7K<0.1%History
BTSGBrightSpring Health Services, Inc.COM12,800$378.4K<0.1%History
CRSRCorsair Gaming, Inc.COM40,800$363.9K<0.1%History
KRTKarat Packaging Inc.COM14,260$359.5K<0.1%History
SHWSherwin Williams CoCOM1,038$359.4K<0.1%History
BRYBerry Corp (bry)COM94,100$355.7K<0.1%History
ETREntergy CorpCOM3,717$346.4K<0.1%History
Vanguard Scottsdale FDS92206C706INTER TERM TREAS5,726$343.7K<0.1%–
DDD3D Systems CorpCOM NEW115,500$334.9K<0.1%History
PRCTPROCEPT BioRobotics CorpCOM9,126$325.7K<0.1%History
EPAMEPAM Systems, Inc.COM2,153$324.7K<0.1%History
GIIIG III Apparel Group LtdCOM12,200$324.6K<0.1%History
IOSPInnospec Inc.COM4,200$324.1K<0.1%History
Janus Detroit STR Tr47103U845HENDRSON AAA CL6,373$323.6K<0.1%–
SCSSteelcase IncCL A18,800$323.4K<0.1%History
MTXMinerals Technologies IncCOM5,200$323.0K<0.1%History
OLLIOllie's Bargain Outlet Holdings, Inc.Stock2,500$321.0K<0.1%History
INGRIngredion IncCOM2,589$316.1K<0.1%History
BLZEBackblaze, Inc.COM CL A33,900$314.6K<0.1%History
iShares Tr4642874407-10 YR TRSY BD3,205$309.2K<0.1%–
SMSM Energy CoCOM11,624$290.3K<0.1%History
GCOGenesco IncCOM10,000$289.9K<0.1%History
FOURShift4 Payments, Inc.CL A3,725$288.3K<0.1%History
RDNTRadNet, Inc.COM3,757$286.3K<0.1%History
MKSIMKS IncCOM2,310$285.9K<0.1%History
TBITrueBlue, Inc.COM46,380$284.3K<0.1%History
TFCTruist Financial CorpCOM6,212$284.0K<0.1%History
ASIXAdvanSix Inc.COM14,607$283.1K<0.1%History
WSBCWesbanco IncCOM8,859$282.9K<0.1%History
SCSCScansource, Inc.COM6,300$277.1K<0.1%History
ASLEAerSale CorpCOM33,500$274.4K<0.1%History
KELYAKelly Services IncCL A20,900$274.2K<0.1%History
MEIMethode Electronics IncCOM36,200$273.3K<0.1%History
HLLYHolley Inc.COM86,400$271.3K<0.1%History
NEMNEWMONT CorpStock3,193$269.2K<0.1%History
LPGDorian LPG Ltd.SHS USD9,000$268.2K<0.1%History
NEWTNewtekOne, Inc.COM NEW23,400$267.9K<0.1%History
SAMGSilvercrest Asset Management Group Inc.CL A16,969$267.3K<0.1%History
JBTMJBT Marel CorpCOM1,900$266.9K<0.1%History
DHILDiamond Hill Investment Group IncCOM NEW1,900$266.0K<0.1%History
ALTGAlta Equipment Group Inc.COMMON STOCK36,604$265.0K<0.1%History
RELLRichardson Electronics, Ltd.COM26,944$263.8K<0.1%History
DYDycom Industries IncCOM900$262.6K<0.1%History
CSTLCastle Biosciences IncCOM11,400$259.6K<0.1%History
LIVELive Ventures IncCOM NEW13,548$248.9K<0.1%History