BAILARD, INC.

Registered adviser

CIK

750641

Location

Foster City, CA

Portfolio Value

Mid $4,802,211,358

Diversification

Diversified

Filing Date

Global Rank

#898 / 8,825 ▼ 8 · as of Jun 2026

Top Industry

Semiconductors 13.8%

Period ended 35 days ago

Filed Oct 13, 2026 · 22d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 110550

Roster of Nov 1, 2026

Regulatory AUM

$7,560,902,564

Main clients

Individuals and high net worth (71% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$14,478,179 gross assets

LEI

2549004D6S3HUIEOC148

Private funds on Schedule D 7.B.(1)

As filed Jun 20, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$20,221,446 gross assets in 1 fund Hedge funds $20,221,446 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Jun 2026 to Nov 2026	$7,560,902,564	Individuals and high net worth (71%)
Jun 2025 to May 2026	$6,538,323,255	Individuals and high net worth (71%)
Jul 2024 to May 2025	$6,062,652,350	Individuals and high net worth (70%)
Jul 2023 to Jun 2024	$5,297,962,012	Individuals and high net worth (71%)
May 2023 to Jun 2023	$5,504,752,654	Individuals and high net worth (73%)
Jul 2022 to Apr 2023	$5,504,752,654	Individuals and high net worth (73%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 47.6%, 25.4 effective positions, active share 49.3% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

26.7% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 22.2 quarters (12+), a floor since 73.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 49.3%; sector active share 28.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

746 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

15.7%

+0.1 pts

Top 5

35.0%

+2.9 pts

Top 10

50.8%

+3.3 pts

HHI

419

Diversified+25

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	38.4%	$1,844,613,098	173
Technology	25.9%	$1,243,078,537	88
Financial Services	7.5%	$360,887,036	101
Healthcare	7.0%	$337,216,738	72
Communication Services	5.9%	$285,506,610	23
Industrials	4.4%	$210,334,908	91
Consumer Cyclical	4.0%	$193,029,720	60
Consumer Defensive	2.3%	$110,088,234	27
Energy	2.0%	$93,791,676	29
Basic Materials	1.2%	$59,671,653	25
Real Estate	0.7%	$35,552,392	33
Utilities	0.6%	$28,440,756	24

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TFLO	iShares Treasury Floating Rate Bond ETF	+942,287	1,046,602	$53,031,323
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	+167,495	330,680	$9,020,950
VTEC	Vanguard California Tax-Exempt Bond ETF	+142,050	162,740	$15,343,127
IEF	iShares 7-10 Year Treasury Bond ETF	+125,460	211,247	$18,866,469
MUNI	PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund	+99,795	241,625	$12,006,346
SPY	Spdr S&P 500 ETF Trust	+97,207	301,655	$230,051,152
CALI		+74,481	132,246	$6,587,173
JMUB	JPMorgan Municipal ETF	+73,118	726,592	$34,571,247
GOVT	iShares U.S. Treasury Bond ETF	+58,611	1,825,667	$39,927,337
FRSH	Freshworks Inc.	+49,100	65,600	$839,024
EFA	iShares MSCI EAFE ETF	+39,188	1,322,769	$137,422,471
PTEN	Patterson Uti Energy Inc	+38,800	66,300	$723,996
CRWD	CrowdStrike Holdings, Inc.	+35,306	47,907	$12,683,378
AMRC	Ameresco, Inc.	+35,049	43,849	$908,112
BWA	Borgwarner Inc	+33,378	48,226	$2,898,864
NVDA	Nvidia Corp	+30,723	906,843	$207,104,804
OIS	Oil States International, Inc	+24,200	40,800	$324,360
HAFC	Hanmi Financial Corp	+22,870	29,670	$916,803
MNRO	Monro, Inc.	+20,900	36,200	$506,438
JMTG	JPMorgan Mortgage-Backed Securities ETF	+20,341	1,532,255	$74,069,206
MNST	Monster Beverage Corp	+20,157	40,300	$1,677,286
SM	SM Energy Co	+19,800	31,800	$1,074,204
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+19,726	344,964	$20,459,814
PNR	PENTAIR plc	+19,721	36,035	$1,909,494
NFLX	Netflix Inc	+18,206	257,981	$17,950,317
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
JMST	JPMorgan Ultra-Short Municipal Income ETF	−864,482	282,617	$14,289,115
IBTI	iShares iBonds Dec 2028 Term Treasury ETF	−715,665	724,059	$15,864,132
IBTK	iShares iBonds Dec 2030 Term Treasury ETF	−280,084	255,957	$4,860,623
CMF	iShares California Muni Bond ETF	−228,189	985,226	$53,320,431
QQQ	Invesco Qqq Trust, Series 1	−102,624	67,858	$50,199,312
SUB	iShares Short-Term National Muni Bond ETF	−95,974	8,034	$839,874
FLOT	iShares Floating Rate Bond ETF	−90,131	150,524	$7,684,250
ESGV	VANGUARD ESG U.S. STOCK ETF	−86,441	16,526	$2,239,768
SCHF	Schwab International Equity ETF	−61,795	302,256	$8,302,972
PHYS	Sprott Physical Gold Trust	−48,882	48,484	$1,516,094
NNBR	Nn Inc	−48,071	80,331	$294,814
NEOG	Neogen Corp	−42,600	40,500	$518,400
TLYS	Tilly's, Inc.	−37,557	43,384	$200,867
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	−34,716	877,429	$110,266,502
IBTG	iShares iBonds Dec 2026 Term Treasury ETF	−33,059	115,813	$2,649,801
LFST	LifeStance Health Group, Inc.	−31,707	53,793	$647,129
JBI	Janus International Group, Inc.	−30,836	73,900	$302,251
UBER	Uber Technologies, Inc	−27,401	229,186	$15,701,532
—		−25,985	58,433	$0
GLD	Spdr Gold Trust	−19,941	87,257	$33,230,955
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	−18,655	55,676	$2,636,815
SPIB	State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF	−17,072	32,540	$1,050,391
TWI	Titan International Inc	−16,800	86,000	$583,080
III	Information Services Group Inc.	−16,500	63,439	$350,817
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	−16,388	43,126	$2,209,344
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AIZ	Assurant, Inc.	10,146	$2,673,471
IBTH	iShares iBonds Dec 2027 Term Treasury ETF	50,870	$1,135,418
GTX	Garrett Motion Inc.	42,206	$1,098,622
SBRA	Sabra Health Care REIT, Inc.	54,592	$1,076,554
FSLR	First Solar, Inc.	5,680	$994,908
SSB	SouthState Bank Corp	8,985	$894,546
PK	Park Hotels & Resorts Inc.	56,100	$865,062
HAE	Haemonetics Corp	8,200	$863,460
LEA	Lear Corp	6,792	$801,659
EVTC	EVERTEC, Inc.	29,500	$795,025
COFS	Choiceone Financial Services Inc	24,500	$791,595
TALO	Talos Energy Inc.	47,900	$782,207
PEB	Pebblebrook Hotel Trust	39,708	$744,922
HOPE	Hope Bancorp Inc	50,905	$676,527
DKS	Dick's Sporting Goods, Inc.	4,519	$606,856
PGNY	Progyny, Inc.	23,000	$579,370
ANDE	Andersons, Inc.	8,100	$532,170
NCLH	Norwegian Cruise Line Holdings Ltd.	35,600	$521,896
EMN	Eastman Chemical Co	7,800	$505,752
APTV	Aptiv PLC	11,506	$494,988
HURN	Huron Consulting Group Inc.	3,124	$489,936
OPBK	OP Bancorp	29,128	$436,920
BHRB	Burke & Herbert Financial Services Corp.	6,351	$435,678
CHMG	Chemung Financial Corp	4,900	$396,214
REPX	Riley Exploration Permian, Inc.	9,700	$388,097
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
SUNB	Sunbelt Rentals Holdings, Inc.	60,016	$4,489,796
—		54,350	$2,823,482
NTR	Nutrien Ltd.	43,074	$2,711,508
NKE	NIKE, Inc.	56,821	$2,332,502
CMCSA	Comcast Corp	92,956	$2,282,069
ALK	Alaska Air Group, Inc.	42,668	$2,227,269
CASY	Caseys General Stores Inc	2,724	$2,165,007
—		6,737	$1,381,354
VECO	Veeco Instruments Inc	15,733	$1,192,561
AMN	Amn Healthcare Services Inc	36,508	$1,181,763
XHR	Xenia Hotels & Resorts, Inc.	51,900	$1,056,684
FRME	First Merchants Corp	23,700	$1,035,453
EPRT	Essential Properties Realty Trust, Inc.	34,180	$1,020,273
NTB	Bank of N.T. Butterfield & Son Ltd	16,377	$974,431
—		13,200	$946,968
DXPE	Dxp Enterprises Inc	5,200	$877,448
GPOR	Gulfport Energy Corp	5,085	$862,924
DHT	DHT Holdings, Inc.	49,862	$824,218
UNFI	United Natural Foods Inc	17,700	$808,359
PRDO	PERDOCEO EDUCATION Corp	23,500	$752,000
NWFL	Norwood Financial Corp	22,724	$730,576
SCHL	Scholastic Corp	15,500	$713,000
ICHR	Ichor Holdings, Ltd.	6,100	$684,908
HUBS	Hubspot Inc	3,698	$674,921
NOK	Nokia Corp	49,776	$661,025
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

746 tracked positions · $4,802,211,358 total · filing declares 746 positions · $4,941,140,673 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 746 positions by value · page 1 of 15

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	817,787	-8,782	$272,339,426	+13.9%	5.67%
SPY	Spdr S&P 500 ETF Trust	Added	301,655	+97,207	$230,051,152	+50.7%	4.79%
MSFT	Microsoft Corp Technology	Reduced	420,659	-848	$215,756,001	+37.2%	4.49%
NVDA	Nvidia Corp Technology	Added	906,843	+30,723	$207,104,804	+18.1%	4.31%
GOOGL	Alphabet Inc. Communication Services	Reduced	445,618	-1,262	$153,328,241	−4.0%	3.19%
EFA	iShares MSCI EAFE ETF	Added	1,322,769	+39,188	$137,422,471	+3.1%	2.86%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Reduced	877,429	-34,716	$110,266,502	+1.1%	2.30%
GILD	Gilead Sciences, Inc. Healthcare	Added	734,720	+110	$109,510,016	+18.0%	2.28%
IEFA	iShares Core MSCI EAFE ETF	Added	814,008	+5,355	$78,861,095	+1.0%	1.64%
JMTG	JPMorgan Mortgage-Backed Securities ETF	Added	1,532,255	+20,341	$74,069,206	−3.3%	1.54%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	194,820	-884	$72,909,436	+0.7%	1.52%
AMZN	Amazon Com Inc Consumer Cyclical	Added	270,167	+4,229	$67,312,108	+6.2%	1.40%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Added	259,453	+1,980	$59,941,426	−4.2%	1.25%
V	Visa Inc. Financial Services	Added	154,974	+3,354	$55,686,807	+7.1%	1.16%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	117,007	-796	$53,377,423	−5.1%	1.11%
CMF	iShares California Muni Bond ETF	Reduced	985,226	-228,189	$53,320,431	−23.8%	1.11%
TFLO	iShares Treasury Floating Rate Bond ETF	Added	1,046,602	+942,287	$53,031,323	+904.1%	1.10%
PANW	Palo Alto Networks Inc Technology	Added	131,115	+2,895	$52,093,300	+19.1%	1.08%
IVV	iShares Core S&P 500 ETF	Reduced	66,676	-2,310	$51,063,814	−1.2%	1.06%
QQQ	Invesco Qqq Trust, Series 1	Reduced	67,858	-102,624	$50,199,312	−60.0%	1.05%
JPM	Jpmorgan Chase & Co Financial Services	Added	151,584	+79	$50,148,534	+1.1%	1.04%
VOO	VANGUARD 500 INDEX FUND	Added	65,755	+207	$46,085,049	+2.4%	0.96%
VEU	Vanguard International Equity Index Funds	Added	549,295	+1,841	$45,575,006	−0.6%	0.95%
AVGO	Broadcom Inc. Technology	Added	128,433	+1,414	$45,104,385	−6.0%	0.94%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Reduced	226,549	-4,962	$44,346,966	+0.5%	0.92%
META	Meta Platforms, Inc. Communication Services	Reduced	58,789	-517	$42,632,607	+27.6%	0.89%
GOVT	iShares U.S. Treasury Bond ETF	Added	1,825,667	+58,611	$39,927,337	−0.8%	0.83%
JNJ	Johnson & Johnson Healthcare	Reduced	146,904	-898	$38,891,364	+3.6%	0.81%
KLAC	Kla Corp Technology	Reduced	190,150	-3,217	$37,065,939	−36.5%	0.77%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	39,815	-267	$36,245,187	−3.3%	0.75%
MS	Morgan Stanley Financial Services	Reduced	187,790	-1,874	$35,319,543	−10.9%	0.74%
JMUB	JPMorgan Municipal ETF	Added	726,592	+73,118	$34,571,247	+4.4%	0.72%
IJS	iShares S&P Small-Cap 600 Value ETF	Reduced	262,114	-3,049	$33,576,803	−7.4%	0.70%
GLD	Spdr Gold Trust	Reduced	87,257	-19,941	$33,230,955	−15.8%	0.69%
GOOG	Alphabet Inc. Communication Services	Reduced	93,259	-897	$31,777,071	−4.5%	0.66%
CMI	Cummins Inc Industrials	Reduced	57,777	-103	$29,845,864	−27.7%	0.62%
BLK	BlackRock, Inc. Financial Services	Added	26,363	+2	$27,899,699	+10.1%	0.58%
TT	Trane Technologies plc Industrials	Added	60,139	+84	$27,181,625	−7.8%	0.57%
TJX	Tjx Companies Inc Consumer Cyclical	Reduced	198,846	-2,181	$26,309,314	−13.6%	0.55%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	89,219	-193	$25,381,913	−19.5%	0.53%
STLD	Steel Dynamics Inc Basic Materials	Reduced	113,814	-1,844	$25,222,320	−5.0%	0.53%
AMD	Advanced Micro Devices Inc Technology	Added	40,434	+1,805	$24,735,903	+10.2%	0.52%
ETN	Eaton Corp plc Industrials	Reduced	56,762	-347	$24,391,199	+0.2%	0.51%
P	Everpure, Inc. Technology	Reduced	184,671	-2,040	$24,151,273	+64.2%	0.50%
CVX	Chevron Corp Energy	Reduced	115,460	-917	$23,578,086	+22.2%	0.49%
MU	Micron Technology Inc Technology	Reduced	20,698	-248	$22,045,646	−8.8%	0.46%
IGM	iShares Expanded Tech Sector ETF	Reduced	129,139	-2,388	$21,829,656	+1.5%	0.45%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	302,381	-2,066	$21,756,312	−7.3%	0.45%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	307,089	-4,717	$21,683,554	−2.4%	0.45%
AMGN	Amgen Inc Healthcare	Reduced	49,176	-410	$20,728,175	+15.4%	0.43%

Showing the top 50 of 746 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.