BAILARD, INC. Q4 2025 Filing

Filed February 4, 2026

Portfolio Value

$4.5B

Holdings

744

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (744 positions)

#StockSharesValue% PortfolioType
1
AAPLAPPLE INC
828,481$225.2M4.99%
2
MSFTMICROSOFT CORP
422,852$204.5M4.53%
3
NVDANVIDIA CORPORATION
914,400$170.5M3.78%
4
GOOGLALPHABET INC
461,402$144.4M3.20%
5
SPYSPDR S&P 500 ETF TR
202,575$138.1M3.06%
6
NDQINVESCO QQQ TR
220,922$135.7M3.00%
7
GQ9SPDR GOLD TR
310,893$123.2M2.73%
8
EFAISHARES TR
1,272,638$122.2M2.71%
9
GILDGILEAD SCIENCES INC
734,057$90.1M1.99%
10
VGTVANGUARD WORLD FD
113,885$85.8M1.90%
11
CMFISHARES TR
1,439,125$82.7M1.83%
12
JMTGJ P MORGAN EXCHANGE TRADED F
1,450,504$74.1M1.64%
13
AQLTISHARES TR
794,385$71.1M1.57%
14
VTIVANGUARD INDEX FDS
202,079$67.8M1.50%
15
IBTGISHARES TR
2,824,210$64.6M1.43%
16
AMZNAMAZON COM INC
258,962$59.8M1.32%
17
VVISA INC
154,467$54.2M1.20%
18
VBRVANGUARD INDEX FDS
249,231$52.8M1.17%
19
JPMJPMORGAN CHASE & CO.
154,817$49.9M1.10%
20
IVVISHARES TR
69,847$47.8M1.06%
21
AVGOBROADCOM INC
125,712$43.5M0.96%
22
AQLTISHARES TR
1,879,087$43.3M0.96%
23
VOOVANGUARD INDEX FDS
67,501$42.3M0.94%
24
METAMETA PLATFORMS INC
61,095$40.3M0.89%
25
JMUBJ P MORGAN EXCHANGE TRADED F
794,545$40.1M0.89%
26
VEUVANGUARD INTL EQUITY INDEX F
540,697$39.8M0.88%
27
TSMTAIWAN SEMICONDUCTOR MFG LTD
127,890$38.9M0.86%
28
DWDMORGAN STANLEY
194,271$34.5M0.76%
29
COSTCOSTCO WHSL CORP NEW
39,354$33.9M0.75%
30
XLKSELECT SECTOR SPDR TR
233,201$33.6M0.74%
31
GOOGALPHABET INC
99,867$31.3M0.69%
32
TJXTJX COS INC NEW
203,821$31.3M0.69%
33
HDHOME DEPOT INC
90,342$31.1M0.69%
34
JNJJOHNSON & JOHNSON
149,439$30.9M0.68%
35
IJSISHARES TR
270,840$30.8M0.68%
36
CMICUMMINS INC
57,435$29.3M0.65%
37
BLKBLACKROCK INC
26,691$28.6M0.63%
38
VTIPVANGUARD MALVERN FDS
538,707$26.6M0.59%
39
KLACKLA CORP
21,598$26.2M0.58%
40
NFLXNETFLIX INC
248,046$23.3M0.51%
41
UBERUBER TECHNOLOGIES INC
282,988$23.1M0.51%
42
TTTRANE TECHNOLOGIES PLC
58,918$22.9M0.51%
43
QCOMQUALCOMM INC
132,313$22.6M0.50%
44
SUBISHARES TR
199,528$21.3M0.47%
45
INTUINTUIT
31,255$20.7M0.46%
46
PGPROCTER AND GAMBLE CO
142,108$20.4M0.45%
47
IJHISHARES TR
307,238$20.3M0.45%
48
UNHUNITEDHEALTH GROUP INC
60,224$19.9M0.44%
49
PANWPALO ALTO NETWORKS INC
106,025$19.5M0.43%
50
SPOTSPOTIFY TECHNOLOGY S A
33,284$19.3M0.43%
51
BSXBOSTON SCIENTIFIC CORP
202,156$19.3M0.43%
52
CBCHUBB LIMITED
60,213$18.8M0.42%
53
VEAVANGUARD TAX-MANAGED FDS
299,526$18.7M0.41%
54
ETNEATON CORP PLC
56,843$18.1M0.40%
55
WMWASTE MGMT INC DEL
79,667$17.5M0.39%
56
STLDSTEEL DYNAMICS INC
102,031$17.3M0.38%
57
IGMISHARES TR
130,075$16.8M0.37%
58
COPCONOCOPHILLIPS
177,475$16.6M0.37%
59
SPGIS&P GLOBAL INC
31,748$16.6M0.37%
60
VWOVANGUARD INTL EQUITY INDEX F
303,791$16.3M0.36%
61
CVXCHEVRON CORP NEW
107,005$16.3M0.36%
62
AMGNAMGEN INC
49,565$16.2M0.36%
63
DHRDANAHER CORPORATION
69,384$15.9M0.35%
64
IGIBISHARES TR
294,024$15.8M0.35%
65
VRTXVERTEX PHARMACEUTICALS INC
33,975$15.4M0.34%
66
BRK/BBERKSHIRE HATHAWAY INC DEL
29,262$14.7M0.33%
67
AZNASTRAZENECA PLC
159,013$14.6M0.32%
68
IJRISHARES TR
121,596$14.6M0.32%
69
ACWXISHARES TR
212,394$14.3M0.32%
70
LLYELI LILLY & CO
12,772$13.7M0.30%
71
EEMISHARES TR
247,528$13.5M0.30%
72
ACNACCENTURE PLC IRELAND
49,138$13.2M0.29%
73
ABBVABBVIE INC
56,246$12.9M0.28%
74
IWNISHARES TR
69,165$12.5M0.28%
75
BACBANK AMERICA CORP
227,456$12.5M0.28%
76
IWRISHARES TR
129,460$12.5M0.28%
77
AGZISHARES TR
112,826$12.4M0.28%
78
COFCAPITAL ONE FINL CORP
50,996$12.4M0.27%
79
ADBEADOBE INC
35,229$12.3M0.27%
80
ORCLORACLE CORP
62,727$12.2M0.27%
81
NOWSERVICENOW INC
79,350$12.2M0.27%
82
MUNIPIMCO ETF TR
230,890$12.1M0.27%
83
ABTABBOTT LABS
93,322$11.7M0.26%
84
VOVANGUARD INDEX FDS
40,041$11.6M0.26%
85
MCDMCDONALDS CORP
37,918$11.6M0.26%
86
VNQVANGUARD INDEX FDS
130,662$11.6M0.26%
87
CSCOCISCO SYS INC
149,204$11.5M0.25%
88
PEPPEPSICO INC
79,214$11.4M0.25%
89
PLDPROLOGIS INC.
88,954$11.4M0.25%
90
EXPEEXPEDIA GROUP INC
39,902$11.3M0.25%
91
CATCATERPILLAR INC
19,655$11.3M0.25%
92
DISDISNEY WALT CO
97,628$11.1M0.25%
93
PNCPNC FINL SVCS GROUP INC
50,824$10.6M0.23%
94
KOCOCA COLA CO
149,523$10.5M0.23%
95
IGSBISHARES TR
191,272$10.1M0.22%
96
EFAXSPDR INDEX SHS FDS
197,825$10.0M0.22%
97
TXNTEXAS INSTRS INC
56,096$9.7M0.22%
98
VCRVANGUARD WORLD FD
24,594$9.7M0.21%
99
XJHISHARES TR
213,468$9.5M0.21%
100
LINLINDE PLC
21,737$9.3M0.21%
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