BAILARD, INC.
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 SPYHypothetical 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, 2025Top 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 |
|---|---|---|
| Technology | 32.1% | $898,259,867 |
| Financial Services | 11.7% | $327,278,394 |
| Healthcare | 11.3% | $315,812,734 |
| Unclassified | 11.0% | $307,573,575 |
| Communication Services | 8.3% | $233,533,567 |
| Industrials | 7.1% | $197,312,070 |
| Consumer Cyclical | 6.9% | $191,950,573 |
| Consumer Defensive | 4.0% | $111,028,739 |
| Energy | 3.4% | $94,348,297 |
| Basic Materials | 2.1% | $57,541,127 |
| Real Estate | 1.2% | $32,725,320 |
| Utilities | 1.1% | $30,538,652 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
32 positions ·
$94,348,297 total
· Energy 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 | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CVX |
Chevron Corp
Energy
|
Added | 123,855 | $25,625,599 | 27.16% | |
| COP |
Conocophillips
Energy
|
Added | 178,891 | $23,613,612 | 25.03% | |
| VLO |
Valero Energy Corp/Tx
Energy
|
Reduced | 54,657 | $13,504,651 | 14.31% | |
| XOM |
Exxon Mobil Corp
Energy
|
Reduced | 45,223 | $7,672,534 | 8.13% | |
| LNG |
Cheniere Energy, Inc.
Energy
|
Added | 15,287 | $4,337,839 | 4.60% | |
| EOG |
Eog Resources Inc
Energy
|
Added | 23,046 | $3,331,760 | 3.53% | |
| MPC |
Marathon Petroleum Corp
Energy
|
NEW | 11,092 | $2,708,444 | 2.87% | |
| TTE |
TotalEnergies SE
Energy
|
Reduced | 15,946 | $1,450,767 | 1.54% | |
| PARR |
Par Pacific Holdings, Inc.
Energy
|
Reduced | 14,000 | $876,960 | 0.93% | |
| GPOR |
Gulfport Energy Corp
Energy
|
Added | 3,885 | $821,949 | 0.87% | |
| EE |
Excelerate Energy, Inc.
Energy
|
Reduced | 24,000 | $802,080 | 0.85% | |
| BKR |
Baker Hughes Co
Energy
|
Added | 12,483 | $762,087 | 0.81% | |
| LPG |
Dorian Lpg Ltd.
Energy
|
NEW | 22,200 | $759,240 | 0.80% | |
| DHT |
DHT Holdings, Inc.
Energy
|
Reduced | 41,300 | $754,551 | 0.80% | |
| NFG |
National Fuel Gas Co
Energy
|
Reduced | 7,789 | $731,854 | 0.78% | |
| NOV |
NOV Inc.
Energy
|
NEW | 37,700 | $709,137 | 0.75% | |
| FET |
Forum Energy Technologies, Inc.
Energy
|
Held | 10,700 | $627,662 | 0.67% | |
| NCSM |
NCS Multistage Holdings, Inc.
Energy
|
Held | 8,687 | $537,204 | 0.57% | |
| WMB |
Williams Companies, Inc.
Energy
|
Reduced | 7,252 | $527,800 | 0.56% | |
| NBR |
Nabors Industries Ltd
Energy
|
NEW | 5,300 | $456,118 | 0.48% | |
| XPRO |
Expro Group Holdings N.V.
Energy
|
NEW | 25,200 | $438,732 | 0.47% | |
| CRC |
California Resources Corp
Energy
|
Held | 6,260 | $433,317 | 0.46% | |
| RNGR |
Ranger Energy Services, Inc.
Energy
|
Held | 20,100 | $344,514 | 0.37% | |
| DTI |
Drilling Tools International Corp
Energy
|
Held | 77,646 | $336,207 | 0.36% | |
| KMI |
Kinder Morgan, Inc.
Energy
|
Held | 9,430 | $316,187 | 0.34% | |
| CLNE |
Clean Energy Fuels Corp.
Energy
|
Held | 124,000 | $307,520 | 0.33% | |
| PTEN |
Patterson Uti Energy Inc
Energy
|
NEW | 27,500 | $297,825 | 0.32% | |
| DEC |
Diversified Energy Co
Energy
|
Reduced | 17,000 | $296,480 | 0.31% | |
| VTOL |
Bristow Group Inc.
Energy
|
NEW | 6,100 | $286,029 | 0.30% | |
| REPX |
Riley Exploration Permian, Inc.
Energy
|
Reduced | 7,600 | $277,020 | 0.29% | |
| UEC |
Uranium Energy Corp
Energy
|
Added | 17,916 | $241,866 | 0.26% | |
| TALO |
Talos Energy Inc.
Energy
|
NEW | 10,200 | $160,752 | 0.17% |