BAILARD, INC. — 13F Holdings & Portfolio
CIK 750641 · latest 13F-HR filed 2026-02-04
BAILARD, INC. manages $4.52B in 13F-reported U.S. long-equity assets across 744 reported positions as of its 2025-12-31 13F-HR filing. Its largest disclosed positions are AAPL (4.99%), MSFT (4.53%), NVDA (3.78%). Quarter over quarter (versus its 2025-09-30 filing) the fund opened 124 new positions, exited 157, added to 208, and trimmed 214.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$4.52B
Long-equity book
744
Distinct positions
2025-12-31
Filed 2026-02-04
+124 / −157 / ↑208 / ↓214
vs 2025-09-30
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ALPHABET INC$30.5M +26.8%
- GILEAD SCIENCES INC$15.8M +21.3%
- SPDR GOLD TR$11.1M +9.9%
- ISHARES TR$8.2M +63.0%
- J P MORGAN EXCHANGE TRADED F$7.8M +11.7%
Top Trims
- META PLATFORMS INC-$20.2M -33.3%
- VANGUARD INDEX FDS-$19.2M -31.2%
- MICROSOFT CORP-$18.7M -8.4%
- NVIDIA CORPORATION-$15.4M -8.3%
- ORACLE CORP-$11.4M -48.2%
New Positions
- VANGUARD MALVERN FDS$26.6M
- ISHARES TR$3.9M
- SYNOPSYS INC$2.0M
- DNOW INC$1.8M
- FIVE BELOW INC$1.5M
Exited Positions
- VANGUARD INDEX FDS$5.3M
- NUTANIX INC$4.9M
- VARONIS SYS INC$3.3M
- COCA-COLA EUROPACIFIC PARTNE$2.0M
- FUTU HLDGS LTD$1.7M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | APPLE INC | AAPL | 037833100 | $225.2M | 4.99% | 828,481 | SH |
| 2 | MICROSOFT CORP | MSFT | 594918104 | $204.5M | 4.53% | 422,852 | SH |
| 3 | NVIDIA CORPORATION | NVDA | 67066G104 | $170.5M | 3.78% | 914,400 | SH |
| 4 | ALPHABET INC | GOOGL | 02079K305 | $144.4M | 3.20% | 461,402 | SH |
| 5 | SPDR S&P 500 ETF TR | SPY | 78462F103 | $138.1M | 3.06% | 202,575 | SH |
| 6 | INVESCO QQQ TR | QQQ | 46090E103 | $135.7M | 3.00% | 220,922 | SH |
| 7 | SPDR GOLD TR | GLD | 78463V107 | $123.2M | 2.73% | 310,893 | SH |
| 8 | ISHARES TR | EFA | 464287465 | $122.2M | 2.71% | 1,272,638 | SH |
| 9 | GILEAD SCIENCES INC | GILD | 375558103 | $90.1M | 1.99% | 734,057 | SH |
| 10 | VANGUARD WORLD FD | VGT | 92204A702 | $85.8M | 1.90% | 113,885 | SH |
| 11 | ISHARES TR | CMF | 464288356 | $82.7M | 1.83% | 1,439,125 | SH |
| 12 | J P MORGAN EXCHANGE TRADED F | JMTG | 46654Q575 | $74.1M | 1.64% | 1,450,504 | SH |
| 13 | ISHARES TR | IEFA | 46432F842 | $71.1M | 1.57% | 794,385 | SH |
| 14 | VANGUARD INDEX FDS | VTI | 922908769 | $67.8M | 1.50% | 202,079 | SH |
| 15 | ISHARES TR | IBTG | 46436E858 | $64.6M | 1.43% | 2,824,210 | SH |
| 16 | AMAZON COM INC | AMZN | 023135106 | $59.8M | 1.32% | 258,962 | SH |
| 17 | VISA INC | V | 92826C839 | $54.2M | 1.20% | 154,467 | SH |
| 18 | VANGUARD INDEX FDS | VBR | 922908611 | $52.8M | 1.17% | 249,231 | SH |
| 19 | JPMORGAN CHASE & CO. | JPM | 46625H100 | $49.9M | 1.10% | 154,817 | SH |
| 20 | ISHARES TR | IVV | 464287200 | $47.8M | 1.06% | 69,847 | SH |
| 21 | BROADCOM INC | AVGO | 11135F101 | $43.5M | 0.96% | 125,712 | SH |
| 22 | ISHARES TR | GOVT | 46429B267 | $43.3M | 0.96% | 1,879,087 | SH |
| 23 | VANGUARD INDEX FDS | VOO | 922908363 | $42.3M | 0.94% | 67,501 | SH |
| 24 | META PLATFORMS INC | META | 30303M102 | $40.3M | 0.89% | 61,095 | SH |
| 25 | J P MORGAN EXCHANGE TRADED F | JMUB | 46641Q647 | $40.1M | 0.89% | 794,545 | SH |
| 26 | VANGUARD INTL EQUITY INDEX F | VEU | 922042775 | $39.8M | 0.88% | 540,697 | SH |
| 27 | TAIWAN SEMICONDUCTOR MFG LTD | TSM | 874039100 | $38.9M | 0.86% | 127,890 | SH |
| 28 | MORGAN STANLEY | MS | 617446448 | $34.5M | 0.76% | 194,271 | SH |
| 29 | COSTCO WHSL CORP NEW | COST | 22160K105 | $33.9M | 0.75% | 39,354 | SH |
| 30 | SELECT SECTOR SPDR TR | XLK | 81369Y803 | $33.6M | 0.74% | 233,201 | SH |
| 31 | ALPHABET INC | GOOG | 02079K107 | $31.3M | 0.69% | 99,867 | SH |
| 32 | TJX COS INC NEW | TJX | 872540109 | $31.3M | 0.69% | 203,821 | SH |
| 33 | HOME DEPOT INC | HD | 437076102 | $31.1M | 0.69% | 90,342 | SH |
| 34 | JOHNSON & JOHNSON | JNJ | 478160104 | $30.9M | 0.68% | 149,439 | SH |
| 35 | ISHARES TR | IJS | 464287879 | $30.8M | 0.68% | 270,840 | SH |
| 36 | CUMMINS INC | CMI | 231021106 | $29.3M | 0.65% | 57,435 | SH |
| 37 | BLACKROCK INC | BLK | 09290D101 | $28.6M | 0.63% | 26,691 | SH |
| 38 | VANGUARD MALVERN FDS | VTIP | 922020805 | $26.6M | 0.59% | 538,707 | SH |
| 39 | KLA CORP | KLAC | 482480100 | $26.2M | 0.58% | 21,598 | SH |
| 40 | NETFLIX INC | NFLX | 64110L106 | $23.3M | 0.51% | 248,046 | SH |
| 41 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $23.1M | 0.51% | 282,988 | SH |
| 42 | TRANE TECHNOLOGIES PLC | TT | G8994E103 | $22.9M | 0.51% | 58,918 | SH |
| 43 | QUALCOMM INC | QCOM | 747525103 | $22.6M | 0.50% | 132,313 | SH |
| 44 | ISHARES TR | SUB | 464288158 | $21.3M | 0.47% | 199,528 | SH |
| 45 | INTUIT | INTU | 461202103 | $20.7M | 0.46% | 31,255 | SH |
| 46 | PROCTER AND GAMBLE CO | PG | 742718109 | $20.4M | 0.45% | 142,108 | SH |
| 47 | ISHARES TR | IJH | 464287507 | $20.3M | 0.45% | 307,238 | SH |
| 48 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $19.9M | 0.44% | 60,224 | SH |
| 49 | PALO ALTO NETWORKS INC | PANW | 697435105 | $19.5M | 0.43% | 106,025 | SH |
| 50 | SPOTIFY TECHNOLOGY S A | SPOT | L8681T102 | $19.3M | 0.43% | 33,284 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2025-12-31 | 2026-02-04 | $4.52B | 744 | 0001172661-26-000466 |
| 2025-09-30 | 2025-10-30 | $4.60B | 777 | 0001172661-25-004491 |