Skip to main content
Livermore
Livermore
ZHEN

Bailard, Inc.

SEC CIK
0000750641
Latest filing
Jul 30, 2026

The latest 13F from Bailard, Inc. covers Q2 2026 (filed Jul 30, 2026): 763 long positions worth $4.91B. The top 10 holdings make up 29.6% of the portfolio, and the largest is Apple Inc. (AAPL) at 4.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
132
Est. +$92.1M
Added
227
Est. +$312.5M
Reduced
244
Est. −$307.1M
Sold out
105
Est. −$48.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    4.9%$239.2MHistory
  2. NVDANVIDIA Corp
    3.6%$175.3MHistory
  3. GOOGLAlphabet Inc.
    3.3%$159.7MHistory
  4. MSFTMicrosoft Corp
    3.2%$157.2MHistory
  5. SPYSPDR S&P 500 ETF Trust
    3.1%$152.7MHistory

Share of portfolio

Top 5 holdings and the other 758 positions, by share of portfolio value

  1. AAPL4.9%
  2. NVDA3.6%
  3. GOOGL3.3%
  4. MSFT3.2%
  5. SPY3.1%
  6. Other 758 positions82.0%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464287630
    +$92.4MAdded
  2. Invesco QQQ Trust Series I46090E103
    +$75.0MAdded
  3. J P Morgan Exchange Traded F46641Q654
    +$41.3MAdded
  4. iShares Tr46429B655
    +$12.3MNew
  5. Vanguard World FD921910733
    +$11.7MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares Tr464287630
    +1.89 pp0.3% → 2.2%
  2. Invesco QQQ Trust Series I46090E103
    +1.64 pp0.9% → 2.6%
  3. J P Morgan Exchange Traded F46641Q654
    +0.80 pp0.4% → 1.2%
  4. PANWPalo Alto Networks Inc
    +0.46 pp0.4% → 0.9%History
  5. GOOGLAlphabet Inc.
    +0.33 pp2.9% → 3.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$89.6MReduced
  2. GLDSPDR Gold Trust
    −$69.3MReducedHistory
  3. iShares Tr46436E858
    −$33.4MReduced
  4. iShares U.S. Treasury Bond ETF46429B267
    −$13.3MReduced
  5. iShares Tr464288158
    −$7.52MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. GLDSPDR Gold Trust
    −2.12 pp2.9% → 0.8%History
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −2.07 pp2.1% → 0.1%
  3. iShares Tr46436E858
    −0.78 pp0.8% → 0.1%
  4. iShares U.S. Treasury Bond ETF46429B267
    −0.42 pp1.2% → 0.8%
  5. INTUIntuit Inc.
    −0.23 pp0.3% → 0.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$4.91B
+$562.0M (+12.9%) vs. prior quarter
Positions
763
+27 vs. prior quarter
Top 10 concentration
29.6%
Top 10 as share of value
Turnover
7.7%
Q2 2026, one quarter
Average holding period
19.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $4.91B (Q2 2026)

Q1 2021: $2.70BQ2 2021: $2.89BQ3 2021: $2.93BQ4 2021: $3.14BQ1 2022: $2.97BQ2 2022: $2.54BQ3 2022: $2.42BQ4 2022: $2.63BQ1 2023: $2.79BQ2 2023: $2.86BQ3 2023: $3.02BQ4 2023: $3.38BQ1 2024: $3.62BQ2 2024: $3.63BQ3 2024: $3.84BQ4 2024: $3.91BQ1 2025: $3.87BQ2 2025: $4.29BQ3 2025: $4.60BQ4 2025: $4.52BQ1 2026: $4.35BQ2 2026: $4.91B
Q1 2021Q2 2026
13F filings of Bailard, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 30, 2026763$4.91BAAPLNVDAGOOGLvs. Q1 2026SEC
Q1 2026May 11, 2026736$4.35BAAPLNVDAMSFTvs. Q4 2025SEC
Q4 2025Feb 4, 2026744$4.52BAAPLMSFTNVDAvs. Q3 2025SEC
Q3 2025Oct 30, 2025777$4.60BMSFTAAPLNVDAvs. Q2 2025SEC
Q2 2025Aug 8, 2025754$4.29BMSFTAAPLNVDAvs. Q1 2025SEC
Q1 2025May 2, 2025735$3.87BAAPLMSFTSPYvs. Q4 2024SEC
Q4 2024Feb 5, 2025725$3.91BAAPLMSFTInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Oct 30, 2024734$3.84BAAPLMSFTInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Jul 25, 2024722$3.63BMSFTAAPLInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 8, 2024731$3.62BMSFTAAPLInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Feb 2, 2024703$3.38BMSFTAAPLInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Oct 24, 2023694$3.02BAAPLMSFTInvesco QQQ Trust Series Ivs. Q2 2023SEC
Q2 2023Jul 20, 2023683$2.86BAAPLMSFTInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023May 8, 2023710$2.79BAAPLMSFTSPYvs. Q4 2022SEC
Q4 2022Feb 2, 2023701$2.63BAAPLMSFTSPDR Series Trustvs. Q3 2022SEC
Q3 2022Oct 18, 2022660$2.42BiShares TrAAPLMSFTvs. Q2 2022SEC
Q2 2022Jul 27, 2022678$2.54BState Street SPDR Bloomberg 1-3 Month T-Bill ETFAAPLMSFTvs. Q1 2022SEC
Q1 2022Apr 25, 2022715$2.97BAAPLMSFTSPYvs. Q4 2021SEC
Q4 2021Feb 10, 2022712$3.14BAAPLMSFTInvesco QQQ Trust Series Ivs. Q3 2021SEC
Q3 2021Nov 15, 2021698$2.93BMSFTAAPLInvesco QQQ Trust Series Ivs. Q2 2021SEC
Q2 2021Aug 13, 2021700$2.89BMSFTAAPLInvesco QQQ Trust Series Ivs. Q1 2021SEC
Q1 2021May 13, 2021687$2.70BAAPLMSFTInvesco QQQ Trust Series I–SEC