BAILARD, INC.

CIK

750641

Location

Foster City, CA

Portfolio Value

Mid $2,797,902,915

Diversification

Diversified

Filing Date

Global Rank

#980 / 8,588 ▼ 40

Top Industry

Semiconductors 11.4%

3Y Alpha vs SPY

-3.0%

Period ended 3 months ago

Filed May 11, 2026 · 37d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+64.0%

SPY

+76.8%

Annualised alpha

-3.0%

Max drawdown

−18.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

575 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.5%

−0.1 pts

Top 5

27.9%

−1.6 pts

Top 10

41.2%

−3.6 pts

HHI

237

Diversified−27

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	32.1%	$898,259,867	82
Financial Services	11.7%	$327,278,394	94
Healthcare	11.3%	$315,812,734	75
Unclassified	11.0%	$307,573,575	9
Communication Services	8.3%	$233,533,567	29
Industrials	7.1%	$197,312,070	85
Consumer Cyclical	6.9%	$191,950,573	61
Consumer Defensive	4.0%	$111,028,739	26
Energy	3.4%	$94,348,297	32
Basic Materials	2.1%	$57,541,127	24
Real Estate	1.2%	$32,725,320	34
Utilities	1.1%	$30,538,652	24

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NOW	ServiceNow, Inc.	+70,155	149,505	$15,630,747
P	Everpure, Inc.	+54,487	155,518	$9,181,782
TLS	Telos Corp	+52,000	64,300	$269,417
MITT	TPG Mortgage Investment Trust, Inc.	+43,126	89,326	$652,973
DRH	DiamondRock Hospitality Co	+34,900	88,500	$829,245
FROG	JFrog Ltd	+33,390	42,329	$1,986,499
BROS	Dutch Bros Inc.	+30,548	82,068	$4,157,564
RELY	Remitly Global, Inc.	+29,500	59,500	$932,365
TWI	Titan International Inc	+24,099	74,100	$512,031
MRVL	Marvell Technology, Inc.	+23,627	34,632	$3,430,299
GTES	Gates Industrial Corp plc	+18,900	31,900	$721,259
KRNY	Kearny Financial Corp.	+16,900	112,825	$851,828
CVX	Chevron Corp	+16,850	123,855	$25,625,599
EXPE	Expedia Group, Inc.	+16,759	56,661	$13,082,458
STLD	Steel Dynamics Inc	+14,792	116,823	$21,028,140
ACN	Accenture plc	+12,874	62,012	$12,296,359
BA	Boeing Co	+12,294	14,044	$2,795,177
BSX	Boston Scientific Corp	+11,041	213,197	$13,378,111
UBER	Uber Technologies, Inc	+10,050	293,038	$21,078,223
EFSC	Enterprise Financial Services Corp	+9,900	14,900	$806,239
PANW	Palo Alto Networks Inc	+9,789	115,814	$18,567,300
DLX	Deluxe Corp	+9,100	27,400	$754,596
LC	LendingClub Corp	+8,800	19,800	$283,536
SBH	Sally Beauty Holdings, Inc.	+8,218	41,318	$572,254
ACIW	Aci Worldwide, Inc.	+8,073	18,100	$742,281
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	−152,231	68,691	$39,647,071
DNOW	DNOW Inc.	−52,580	84,761	$1,009,503
VOD	Vodafone Group Public Ltd Co	−41,014	21,868	$328,457
QCOM	Qualcomm Inc/De	−36,760	95,553	$12,305,315
PSTL	Postal Realty Trust, Inc.	−34,100	12,200	$226,432
LTRX	Lantronix Inc	−33,300	15,600	$81,744
DUK	Duke Energy CORP	−32,053	2,155	$282,175
ORCL	Oracle Corp	−30,982	31,745	$4,670,006
MFG	Mizuho Financial Group Inc	−23,661	77,042	$611,713
ERAS	Erasca, Inc.	−22,092	13,146	$212,702
GOOGL	Alphabet Inc.	−19,193	442,209	$127,161,620
DASH	DoorDash, Inc.	−17,531	3,029	$454,804
GLD	Spdr Gold Trust	−15,674	295,219	$127,029,783
ZDGE	Zedge, Inc.	−15,315	44,785	$131,220
ZTS	Zoetis Inc.	−13,976	52,836	$6,245,743
NVDA	Nvidia Corp	−13,951	900,449	$157,038,305
FFBC	First Financial Bancorp /Oh/	−13,562	7,700	$214,676
INTT	Intest Corp	−12,536	23,267	$317,594
PNC	Pnc Financial Services Group, Inc.	−12,172	38,652	$8,043,094
INTC	Intel Corp	−11,953	74,770	$3,299,600
CCBG	Capital City Bank Group Inc	−10,529	5,400	$234,684
FAST	Fastenal Co	−10,247	28,200	$1,308,480
CDP	Copt Defense Properties	−9,504	7,896	$241,617
CTKB	Cytek Biosciences, Inc.	−9,400	19,900	$86,963
CSTM	Constellium SE	−8,200	37,900	$931,582
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	78,509	$15,483,544
NDAQ	Nasdaq, Inc.	76,136	$6,463,185
NTR	Nutrien Ltd.	43,073	$3,250,288
MPC	Marathon Petroleum Corp	11,092	$2,708,444
ROKU	Roku, Inc	18,224	$1,724,354
EQIX	Equinix Inc	1,450	$1,421,348
STX	Seagate Technology Holdings plc	3,166	$1,240,312
WDC	Western Digital Corp	4,040	$1,092,779
NXT	Nextpower Inc.	7,561	$911,478
BANR	Banner Corp	14,400	$873,792
BKU	BankUnited, Inc.	19,200	$867,072
NNN	Nnn REIT, Inc.	20,500	$861,615
ORRF	Orrstown Financial Services Inc	23,400	$844,272
DECK	Deckers Outdoor Corp	8,086	$809,327
UNFI	United Natural Foods Inc	17,700	$797,562
WSFS	Wsfs Financial Corp	11,800	$772,428
PRDO	PERDOCEO EDUCATION Corp	20,600	$766,526
MYRG	Myr Group Inc.	2,700	$762,264
LPG	Dorian Lpg Ltd.	22,200	$759,240
ST	Sensata Technologies Holding plc	21,510	$757,582
HLMN	Hillman Solutions Corp.	90,700	$754,624
ASTE	Astec Industries Inc	13,600	$732,224
PLUS	Eplus Inc	9,600	$722,400
NOV	NOV Inc.	37,700	$709,137
DOCN	DigitalOcean Holdings, Inc.	7,410	$635,629
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
DXCM	Dexcom Inc	46,699	$3,099,412
FIVE	Five Below, Inc	7,946	$1,496,708
KSS	KOHLS Corp	49,736	$1,015,111
HPE	Hewlett Packard Enterprise Co	37,814	$908,292
GWRE	Guidewire Software, Inc.	4,463	$897,107
PFS	Provident Financial Services Inc	44,400	$876,900
ARGX	Argenx SE	1,000	$840,950
NRIM	Northrim Bancorp Inc	30,136	$801,918
HOPE	Hope Bancorp Inc	68,452	$750,233
ACR	ACRES Commercial Realty Corp.	34,194	$729,699
AGL	agilon health, inc.	42,157	$726,154
WOR	Worthington Enterprises, Inc.	13,700	$706,509
OI	O-I Glass, Inc. /DE/	47,700	$704,052
RAMP	LiveRamp Holdings, Inc.	23,800	$699,006
MHK	Mohawk Industries Inc	6,265	$684,764
RUSHA	Rush Enterprises Inc \Tx\	11,900	$641,886
BE	Bloom Energy Corp	6,981	$606,579
WCC	Wesco International Inc	2,435	$595,698
JXN	Jackson Financial Inc.	5,477	$584,122
DOX	Amdocs Ltd	7,000	$563,570
TPH	Tri Pointe Homes, Inc.	17,733	$558,057
UHT	Universal Health Realty Income Trust	13,800	$541,098
VMI	Valmont Industries Inc	1,300	$523,016
AMAL	Amalgamated Financial Corp.	16,303	$522,185
GAP	Gap Inc	20,200	$517,120
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

575 positions · $2,797,902,915 total · as of Mar 31, 2026

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

Showing 151–200 of 575 positions by value · page 4 of 12

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
INTT	Intest Corp Technology	Reduced	23,267	-12,536	$317,594	+18.7%	0.01%
NWPX	NWPX Infrastructure, Inc. Basic Materials	NEW	4,100	NEW	$319,226	NEW	0.01%
ORN	Orion Group Holdings Inc Industrials	Held	29,400	0	$320,460	+9.7%	0.01%
CNC	Centene Corp Healthcare	Held	9,800	0	$320,852	−20.4%	0.01%
TTMI	Ttm Technologies Inc Technology	NEW	3,300	NEW	$321,486	NEW	0.01%
UCTT	Ultra Clean Holdings, Inc. Technology	NEW	5,200	NEW	$323,336	NEW	0.01%
COUR	Coursera, Inc. Consumer Defensive	Held	55,600	0	$323,592	−20.9%	0.01%
S	SentinelOne, Inc. Technology	Held	25,200	0	$324,576	−14.1%	0.01%
ATNI	ATN International, Inc. Communication Services	Held	12,000	0	$326,640	+19.4%	0.01%
HBB	Hamilton Beach Brands Holding Co Consumer Cyclical	Held	17,257	0	$327,020	+15.2%	0.01%
VOD	Vodafone Group Public Ltd Co Communication Services	Reduced	21,868	-41,014	$328,457	−60.5%	0.01%
GCO	Genesco Inc Consumer Cyclical	NEW	11,400	NEW	$330,486	NEW	0.01%
TPC	Tutor Perini Corp Industrials	Held	4,300	0	$331,917	+15.2%	0.01%
OOMA	Ooma Inc Technology	Held	23,000	0	$334,650	+24.0%	0.01%
NYT	New York Times Co Communication Services	Held	4,000	0	$334,920	+20.6%	0.01%
DTI	Drilling Tools International Corp Energy	Held	77,646	0	$336,207	+76.7%	0.01%
CCI	Crown Castle Inc. Real Estate	Added	4,137	+411	$336,379	+1.6%	0.01%
DGII	Digi International Inc Technology	Held	7,000	0	$337,400	+11.3%	0.01%
IOSP	Innospec Inc. Basic Materials	NEW	4,700	NEW	$343,194	NEW	0.01%
LIVN	LivaNova PLC Healthcare	Added	5,400	+400	$343,224	+11.6%	0.01%
RNGR	Ranger Energy Services, Inc. Energy	Held	20,100	0	$344,514	+22.6%	0.01%
CVLG	Covenant Logistics Group, Inc. Industrials	Held	12,707	0	$344,995	+23.2%	0.01%
CZFS	Citizens Financial Services Inc Financial Services	Reduced	5,645	-1,600	$345,191	−16.4%	0.01%
RFIL	R F Industries Ltd Industrials	Reduced	33,525	-3,100	$345,642	+63.3%	0.01%
ACM	Aecom Industrials	Held	4,080	0	$346,065	−11.0%	0.01%
CCLD	CareCloud, Inc. Healthcare	Added	96,000	+7,049	$350,400	+34.9%	0.01%
BMY	Bristol Myers Squibb Co Healthcare	Added	5,824	+100	$353,225	+14.4%	0.01%
LEGH	Legacy Housing Corp Consumer Cyclical	Held	17,565	0	$358,852	+4.7%	0.01%
RCKY	Rocky Brands, Inc. Consumer Cyclical	Held	9,300	0	$360,096	+32.0%	0.01%
TSBK	Timberland Bancorp Inc Financial Services	NEW	9,137	NEW	$360,271	NEW	0.01%
POR	Portland General Electric Co /Or/ Utilities	Reduced	6,900	-600	$364,113	+1.2%	0.01%
UCB	United Community Banks Inc Financial Services	Reduced	11,600	-2,000	$365,284	−14.0%	0.01%
PLOW	Douglas Dynamics, Inc Consumer Cyclical	Held	8,700	0	$366,183	+28.9%	0.01%
BAND	Bandwidth Inc. Technology	Added	20,600	+3,400	$367,092	+38.1%	0.01%
NJR	New Jersey Resources Corp Utilities	Reduced	6,700	-1,500	$367,964	−2.7%	0.01%
LMT	Lockheed Martin Corp Industrials	Added	610	+2	$368,677	+25.4%	0.01%
MYE	Myers Industries Inc Consumer Cyclical	Held	17,618	0	$373,149	+13.1%	0.01%
NEOG	Neogen Corp Healthcare	Held	40,500	0	$376,245	+32.9%	0.01%
CART	Maplebear Inc. Consumer Cyclical	Added	10,149	+4,400	$380,181	+47.0%	0.01%
UVE	Universal Insurance Holdings, Inc. Financial Services	Held	11,209	0	$382,899	+1.1%	0.01%
CUBI	Customers Bancorp, Inc. Financial Services	NEW	5,600	NEW	$388,696	NEW	0.01%
DAR	Darling Ingredients Inc. Consumer Defensive	Held	6,400	0	$395,840	+71.8%	0.01%
UFCS	United Fire Group Inc Financial Services	Added	10,700	+1,200	$396,542	+14.8%	0.01%
APEI	American Public Education Inc Consumer Defensive	Reduced	6,995	-1,000	$397,875	+31.7%	0.01%
ZWS	Zurn Elkay Water Solutions Corp Industrials	NEW	8,900	NEW	$399,076	NEW	0.01%
MITK	Mitek Systems Inc Technology	Added	29,900	+3,300	$403,650	+43.8%	0.01%
CPT	Camden Property Trust Real Estate	Reduced	4,136	-384	$403,921	−18.8%	0.01%
LASR	Nlight, Inc. Technology	Held	7,100	0	$404,842	+52.0%	0.01%
LNT	Alliant Energy Corp Utilities	Added	5,702	+8	$409,175	+10.5%	0.01%
HG	Hamilton Insurance Group, Ltd. Financial Services	Held	13,882	0	$414,100	+6.9%	0.01%