BAILARD, INC.

CIK

750641

Location

Foster City, CA

Portfolio Value

Small $111,028,739

Diversification

Diversified

Filing Date

Global Rank

#980 / 8,586 ▼ 40

Top Industry

Semiconductors 11.4%

3Y Alpha vs SPY

-3.4%

Period ended 3 months ago

Filed May 11, 2026 · 36d

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

+63.7%

SPY

+78.1%

Annualised alpha

-3.4%

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

26 positions · $111,028,739 total · Consumer Defensive only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
COST	Costco Wholesale Corp /New Consumer Defensive	Added	39,522	+168	$39,380,906	+16.0%	35.47%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	137,399	-4,709	$19,845,911	−2.6%	17.87%
PEP	Pepsico Inc Consumer Defensive	Added	79,238	+24	$12,304,869	+8.2%	11.08%
KO	Coca Cola Co Consumer Defensive	Added	149,587	+64	$11,376,091	+8.8%	10.25%
SYY	Sysco Corp Consumer Defensive	Added	101,697	+1,046	$7,254,047	−2.2%	6.53%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	75,949	+1,374	$4,377,700	+9.1%	3.94%
WMT	Walmart Inc. Consumer Defensive	Reduced	30,190	-70	$3,752,013	+11.3%	3.38%
TGT	Target Corp Consumer Defensive	Reduced	22,733	-178	$2,755,239	+23.0%	2.48%
LINC	Lincoln Educational Services Corp Consumer Defensive	Held	42,071	0	$1,711,448	+68.4%	1.54%
MNST	Monster Beverage Corp Consumer Defensive	Added	20,142	+36	$1,459,489	−5.3%	1.31%
UNFI	United Natural Foods Inc Consumer Defensive	NEW	17,700	NEW	$797,562	NEW	0.72%
PRDO	PERDOCEO EDUCATION Corp Consumer Defensive	NEW	20,600	NEW	$766,526	NEW	0.69%
UL	Unilever PLC Consumer Defensive	Added	13,414	+1,549	$764,195	−1.5%	0.69%
LAUR	Laureate Education, Inc. Consumer Defensive	Reduced	19,429	-2,800	$676,906	−9.6%	0.61%
FDP	Fresh Del Monte Produce Inc Consumer Defensive	Held	13,700	0	$551,562	+13.0%	0.50%
SJM	J M SMUCKER Co Consumer Defensive	Reduced	4,869	-75	$469,566	−2.9%	0.42%
APEI	American Public Education Inc Consumer Defensive	Reduced	6,995	-1,000	$397,875	+31.7%	0.36%
DAR	Darling Ingredients Inc. Consumer Defensive	Held	6,400	0	$395,840	+71.8%	0.36%
COUR	Coursera, Inc. Consumer Defensive	Held	55,600	0	$323,592	−20.9%	0.29%
VLGEA	Village Super Market Inc Consumer Defensive	NEW	6,800	NEW	$287,164	NEW	0.26%
EWCZ	European Wax Center, Inc. Consumer Defensive	NEW	48,630	NEW	$281,081	NEW	0.25%
PM	Philip Morris International Inc. Consumer Defensive	Added	1,625	+23	$268,677	+4.6%	0.24%
GIS	General Mills Inc Consumer Defensive	Added	6,320	+1,355	$235,230	+1.9%	0.21%
NWL	Newell Brands Inc. Consumer Defensive	NEW	68,300	NEW	$234,269	NEW	0.21%
CHD	Church & Dwight Co Inc /De/ Consumer Defensive	NEW	2,411	NEW	$224,994	NEW	0.20%
GO	Grocery Outlet Holding Corp. Consumer Defensive	Held	19,289	0	$135,987	−30.2%	0.12%