Bailard, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), Bailard, Inc. reported 725 stock positions worth $3.9 billion. Its top holding was Apple (AAPL) at 5.4% of the portfolio, followed by Microsoft (MSFT, 4.6%) and Invesco QQQ Trust Series 1 (QQQ, 3.3%). Compared with Q3 2024, it opened 119 new positions, sold out of 128, added to 277 and reduced 217. The biggest buy was a new position in JPM Ultra-Short Muni Income (JMST) and the biggest sale iShares Ibonds Dec 2026 Term (IBTG, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- Foster City, CA
- CIK
- 0000750641
- Portfolio Value
- $3.9B (Q4 2024)
- SEC Filing
- 0001172661-25-000513 ↗ filed Feb 5, 2025
Holdings Value
Holdings 725 stocks · $3.9B
| AAPL Apple Inc. | 5.42% | 846,560 | $212.0M | Reduce -0.3% |
| MSFT Microsoft Corp. | 4.58% | 424,807 | $179.1M | Reduce -2.2% |
| QQQ Invesco QQQ Trust Series 1 | 3.33% | 254,941 | $130.3M | Reduce -1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.05% | 203,736 | $119.4M | Reduce -0.8% |
| NVDA Nvidia Corp. | 2.73% | 795,668 | $106.9M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 2.27% | 469,714 | $88.9M | Reduce -1.4% |
| IWN iShares Russell 2000 Value E | 2.11% | 502,799 | $82.5M | Reduce -0.8% |
| GLD SPDR Gold Shares | 2.02% | 325,708 | $78.9M | Add +0.1% |
| VGT Vanguard Info Tech ETF | 1.81% | 113,699 | $70.7M | Reduce -0.4% |
| JMBS Janus Henderson Mortg Backed | 1.67% | 1,475,003 | $65.2M | Add +4.0% |
| VTI VG Morningstar TS MKT ETF-US | 1.64% | 221,411 | $64.2M | Reduce -0.7% |
| GILD Gilead Sciences Inc. | 1.59% | 672,909 | $62.2M | Add +0.0% |
| CMF iShares California Muni Bond | 1.56% | 1,063,062 | $60.9M | Add +25.1% |
| AMZN Amazon.com Inc. | 1.50% | 267,904 | $58.8M | Add +0.7% |
| IEFA iShares Core MSCI Eafe ETF | 1.44% | 800,502 | $56.3M | Reduce -0.5% |
| V Visa Inc. Class A | 1.30% | 160,499 | $50.7M | Reduce -0.2% |
| VOO Vanguard S&P 500 ETF | 1.24% | 89,778 | $48.4M | Add +40.2% |
| META Meta Platforms Inc. Class A | 1.23% | 81,862 | $47.9M | Add +0.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.20% | 236,518 | $46.9M | Reduce -2.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 1.11% | 858,245 | $43.5M | New |
| IVV iShares Core S&P 500 ETF | 1.06% | 70,750 | $41.6M | Reduce -0.5% |
| UNH Unitedhealth Group Inc. | 0.97% | 75,294 | $38.1M | Reduce -0.5% |
| JMUB JPMorgan Municipal ETF | 0.94% | 735,933 | $36.9M | New |
| COST Costco Wholesale Corp. | 0.91% | 38,906 | $35.6M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 0.89% | 144,866 | $34.7M | Add +7.1% |
| HD Home Depot Inc. | 0.86% | 86,842 | $33.8M | Add +3.9% |
| IJS iShares S&P Small-Cap 600 Va | 0.85% | 305,852 | $33.2M | Add +1.8% |
| EFA iShares MSCI Eafe ETF | 0.85% | 437,720 | $33.1M | Add +49.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.81% | 552,812 | $31.7M | Add +4.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.71% | 141,561 | $28.0M | Add +0.3% |
| BLK BlackRock Inc. | 0.71% | 26,965 | $27.6M | Add +0.8% |
| XLK SS Technology Select Sector | 0.70% | 117,087 | $27.2M | Reduce -0.2% |
| MS Morgan Stanley | 0.69% | 214,107 | $26.9M | Add +1.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.67% | 216,537 | $26.2M | Add +0.7% |
| IJH iShares Core S&P Midcap ETF | 0.66% | 412,320 | $25.7M | Add +23.0% |
| PG The Procter & Gamble Co. | 0.63% | 146,621 | $24.6M | Reduce -3.6% |
| VWO Vanguard Ftse Emerging Marke | 0.56% | 500,025 | $22.0M | Add +38.8% |
| TT Trane Technologies PLC | 0.55% | 58,068 | $21.4M | Reduce -6.0% |
| QLTA iShares Aaa - A Rated Corpor | 0.55% | 458,303 | $21.4M | Reduce -2.8% |
| GOVT iShares US Treasury Bond ETF | 0.55% | 931,471 | $21.4M | Reduce -17.4% |
| NFLX Netflix Inc. | 0.54% | 23,882 | $21.3M | Add +1.1% |
| ADBE Adobe Inc. | 0.53% | 46,642 | $20.7M | Reduce -9.8% |
| FISV Fiserv Inc. | 0.51% | 97,115 | $19.9M | Reduce -0.0% |
| JNJ Johnson & Johnson | 0.50% | 135,207 | $19.6M | Reduce -3.6% |
| CMI Cummins Inc. | 0.50% | 55,946 | $19.5M | Reduce -2.3% |
| QCOM Qualcomm Inc. | 0.50% | 126,859 | $19.5M | Add +1.0% |
| ACN Accenture PLC Class A | 0.49% | 54,958 | $19.3M | Add +0.1% |
| ETN Eaton Corp. PLC | 0.48% | 56,966 | $18.9M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 0.48% | 98,278 | $18.7M | Add +0.7% |
| DHR Danaher Corp. | 0.47% | 79,795 | $18.3M | Reduce -11.6% |
| BSX Boston Scientific Corp. | 0.47% | 204,025 | $18.2M | Add +0.1% |
| COP Conocophillips | 0.47% | 183,757 | $18.2M | Reduce -1.3% |
| SPOT Spotify Technology SA | 0.46% | 40,648 | $18.2M | Add +79.2% |
| IBTG iShares Ibonds Dec 2026 Term | 0.46% | 788,846 | $18.0M | Reduce -52.2% |
| UBER Uber Technologies Inc. | 0.45% | 292,442 | $17.6M | Add +95.1% |
| SPTS SS SPDR P St Term TSY ETF | 0.45% | 603,985 | $17.5M | Add +37.6% |
| WM Waste Management Inc. | 0.44% | 85,262 | $17.2M | Reduce -0.1% |
| CB Chubb Ltd. | 0.44% | 61,942 | $17.1M | Reduce -0.8% |
| KLAC KLA Corp. | 0.42% | 26,162 | $16.5M | Reduce -2.0% |
| NOW ServiceNow Inc. | 0.42% | 15,408 | $16.3M | Reduce -2.5% |
| IGM iShares Expanded Tech Sector | 0.40% | 151,791 | $15.5M | Reduce 0.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.39% | 37,415 | $15.1M | Reduce -2.9% |
| SPGI S&P Global Inc. | 0.38% | 29,867 | $14.9M | Add +0.3% |
| IWM iShares Russell 2000 ETF | 0.37% | 65,714 | $14.5M | Add +69.3% |
| IJR iShares Core S&P Small-Cap E | 0.36% | 122,711 | $14.1M | Reduce -0.8% |
| AVGO Broadcom Inc. | 0.36% | 60,331 | $14.0M | Add +6.7% |
| VNQ Vanguard Real Estate ETF | 0.35% | 153,335 | $13.7M | Add +0.0% |
| ORCL Oracle Corp. | 0.35% | 81,094 | $13.5M | Reduce -0.6% |
| VEA Vanguard Ftse Developed ETF | 0.34% | 275,568 | $13.2M | Add +14.8% |
| MUNI PIMCO Intermediate Municipal | 0.33% | 247,798 | $12.8M | Reduce -43.3% |
| TXN Texas Instruments Inc. | 0.33% | 68,284 | $12.8M | Add +0.6% |
| PANW Palo Alto Networks Inc. | 0.33% | 69,917 | $12.7M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 28,037 | $12.7M | Reduce -0.8% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.32% | 241,350 | $12.6M | Add +3.7% |
| IWR iShares Russell Mid-Cap ETF | 0.31% | 138,104 | $12.2M | Reduce -1.3% |
| CVX Chevron Corp. | 0.31% | 84,211 | $12.2M | Add +0.7% |
| INTU Intuit Inc. | 0.30% | 18,988 | $11.9M | Add +4.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 270,703 | $11.9M | Add +1.1% |
| AMGN Amgen Inc. | 0.30% | 45,525 | $11.9M | Reduce -2.6% |
| TGT Target Corp. | 0.28% | 81,156 | $11.0M | Reduce -0.1% |
| AMD Advanced Micro Devices | 0.28% | 90,813 | $11.0M | Add +3.2% |
| PEP Pepsico Inc. | 0.28% | 71,769 | $10.9M | Reduce -0.1% |
| MCD McDonald's Corp. | 0.27% | 37,105 | $10.8M | Add +3.2% |
| ZTS Zoetis Inc. | 0.27% | 64,636 | $10.5M | Reduce -6.9% |
| PLD Prologis Inc. | 0.27% | 99,502 | $10.5M | Reduce -3.0% |
| STLD Steel Dynamics Inc. | 0.26% | 90,580 | $10.3M | Reduce -1.5% |
| VCR Vanguard Consumer Discre ETF | 0.26% | 27,034 | $10.1M | Add +10.0% |
| LLY Eli Lilly & Co. | 0.26% | 13,045 | $10.1M | Add +16.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 90,124 | $10.0M | Reduce -7.2% |
| EEM iShares MSCI Emerging Market | 0.26% | 239,679 | $10.0M | Reduce -0.0% |
| LIN Linde PLC | 0.25% | 23,436 | $9.8M | Reduce -0.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.25% | 149,048 | $9.8M | Add +0.5% |
| PNC PNC Financial Services Group | 0.25% | 50,397 | $9.7M | Add +0.8% |
| MUB iShares National Muni Bond E | 0.25% | 90,215 | $9.6M | Reduce -63.0% |
| REGN Regeneron Pharmaceuticals | 0.24% | 13,422 | $9.6M | Add +10.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.24% | 182,091 | $9.4M | Add +27.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.24% | 35,182 | $9.3M | No change |
| SYK Stryker Corp. | 0.23% | 25,518 | $9.2M | Add +0.1% |
| XJH Ishare ESG SS S&P Midcap ETF | 0.23% | 211,044 | $8.8M | Add +2.5% |
| ABT Abbott Laboratories | 0.22% | 76,445 | $8.6M | Reduce -0.0% |
Portfolio Sells Q3 2024 → Q4 2024
| IBTG iShares Ibonds Dec 2026 Term | Reduce -52.2% | 0.46% | −0.53 |
| MUB iShares National Muni Bond E | Reduce -63.0% | 0.25% | −0.44 |
| TFI SS SPDR N Ice Muni Bond ETF | Reduce -94.7% | 0.02% | −0.30 |
| MSFT Microsoft Corp. | Reduce -2.2% | 4.58% | −0.29 |
| MUNI PIMCO Intermediate Municipal | Reduce -43.3% | 0.33% | −0.28 |
| SUB iShares Short-Term National | Reduce -72.7% | 0.07% | −0.20 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.5% | 1.44% | −0.20 |
| DHR Danaher Corp. | Reduce -11.6% | 0.47% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -0.5% | 0.97% | −0.18 |
| ADBE Adobe Inc. | Reduce -9.8% | 0.53% | −0.17 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.15 |
| GOVT iShares US Treasury Bond ETF | Reduce -17.4% | 0.55% | −0.14 |
| BOND PIMCO Active Bond Exchange-T | Sold out | 0.00% | −0.13 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.13 |
| KLAC KLA Corp. | Reduce -2.0% | 0.42% | −0.12 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.12 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -43.7% | 0.12% | −0.10 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -78.2% | 0.03% | −0.10 |
| IWN iShares Russell 2000 Value E | Reduce -0.8% | 2.11% | −0.09 |
| JNJ Johnson & Johnson | Reduce -3.6% | 0.50% | −0.09 |
| AMGN Amgen Inc. | Reduce -2.6% | 0.30% | −0.09 |
| IEF iShares 7-10 Year Treasury B | Reduce -72.6% | 0.03% | −0.09 |
| ZTS Zoetis Inc. | Reduce -6.9% | 0.27% | −0.08 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -2.9% | 0.39% | −0.08 |
| TT Trane Technologies PLC | Reduce -6.0% | 0.55% | −0.08 |
| NSIT Insight Enterprises Inc. | Reduce -16.6% | 0.10% | −0.08 |
| ELV Elevance Health Inc. | Reduce -73.3% | 0.02% | −0.07 |
| AMT American Tower Corp. | Reduce -58.6% | 0.03% | −0.07 |
| PLD Prologis Inc. | Reduce -3.0% | 0.27% | −0.07 |
| LRCX Lam Research Corp. | Reduce -27.6% | 0.11% | −0.07 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -2.1% | 1.20% | −0.06 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -50.0% | 0.06% | −0.06 |
| CRH CRH PLC | Sold out | 0.00% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -3.6% | 0.63% | −0.06 |
| NKE Nike Inc. Class B | Reduce -27.3% | 0.09% | −0.06 |
| QLTA iShares Aaa - A Rated Corpor | Reduce -2.8% | 0.55% | −0.06 |
| EW Edwards Lifesciences Corp. | Reduce -79.6% | 0.02% | −0.05 |
| TGT Target Corp. | Reduce -0.1% | 0.28% | −0.05 |
| MU Micron Technology Inc. | Reduce -15.0% | 0.10% | −0.05 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -39.2% | 0.07% | −0.05 |
| IYR iShares US Real Estate ETF | Reduce -13.0% | 0.17% | −0.05 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.05 |
| LHX L3HARRIS Technologies Inc. | Reduce -15.9% | 0.12% | −0.05 |
| COP Conocophillips | Reduce -1.3% | 0.47% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -9.9% | 0.12% | −0.04 |
| LIN Linde PLC | Reduce -0.3% | 0.25% | −0.04 |
| PEP Pepsico Inc. | Reduce -0.1% | 0.28% | −0.04 |
| STLD Steel Dynamics Inc. | Reduce -1.5% | 0.26% | −0.04 |
| VOD Vodafone Group PLC-SP ADR | Reduce -76.8% | 0.01% | −0.04 |
| CB Chubb Ltd. | Reduce -0.8% | 0.44% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| JMST JPM Ultra-Short Muni Income | New | 1.11% | +1.11 |
| JMUB JPMorgan Municipal ETF | New | 0.94% | +0.94 |
| VOO Vanguard S&P 500 ETF | Add +40.2% | 1.24% | +0.36 |
| CMF iShares California Muni Bond | Add +25.1% | 1.56% | +0.27 |
| SPOT Spotify Technology SA | Add +79.2% | 0.46% | +0.25 |
| NVDA Nvidia Corp. | Add +0.3% | 2.73% | +0.22 |
| AMZN Amazon.com Inc. | Add +0.7% | 1.50% | +0.21 |
| EFA iShares MSCI Eafe ETF | Add +49.1% | 0.85% | +0.21 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.17% | +0.17 |
| UBER Uber Technologies Inc. | Add +95.1% | 0.45% | +0.16 |
| IWM iShares Russell 2000 ETF | Add +69.3% | 0.37% | +0.15 |
| JPM JPMorgan Chase & Co. | Add +7.1% | 0.89% | +0.15 |
| RSP Invesco S&P 500 Equal Weight | Add +211.3% | 0.22% | +0.14 |
| GILD Gilead Sciences Inc. | Add +0.0% | 1.59% | +0.12 |
| VWO Vanguard Ftse Emerging Marke | Add +38.8% | 0.56% | +0.11 |
| MS Morgan Stanley | Add +1.1% | 0.69% | +0.11 |
| IJH iShares Core S&P Midcap ETF | Add +23.0% | 0.66% | +0.11 |
| SPTS SS SPDR P St Term TSY ETF | Add +37.6% | 0.45% | +0.11 |
| NFLX Netflix Inc. | Add +1.1% | 0.54% | +0.11 |
| AVGO Broadcom Inc. | Add +6.7% | 0.36% | +0.10 |
| TEAM Atlassian Corp. Class A | Add +347.2% | 0.10% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.3% | 0.71% | +0.08 |
| SE Sea Ltd.-ADR | Add +49.9% | 0.17% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +23.1% | 0.20% | +0.07 |
| HUBS HubSpot Inc. | Add +9.7% | 0.22% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +0.7% | 0.48% | +0.05 |
| TSLA Tesla Inc. | Add +13.6% | 0.12% | +0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +27.7% | 0.24% | +0.05 |
| BLK BlackRock Inc. | Add +0.8% | 0.71% | +0.05 |
| DDOG Datadog Inc. Class A | Add +8.8% | 0.18% | +0.04 |
| DXCM Dexcom Inc. | Add +40.9% | 0.12% | +0.04 |
| TTD Trade Desk Inc./the Class A | New | 0.04% | +0.04 |
| VCR Vanguard Consumer Discre ETF | Add +10.0% | 0.26% | +0.04 |
| TEL Te Connectivity PLC | New | 0.04% | +0.04 |
| EXPE Expedia Group Inc. | Add +2.7% | 0.19% | +0.04 |
| P Everpure Inc. Class A | Add +4.0% | 0.20% | +0.04 |
| BE Bloom Energy Corp. Class A | New | 0.03% | +0.03 |
| SHOP Shopify Inc. Class A | Add +0.5% | 0.13% | +0.03 |
| COF Capital One Financial Corp. | Add +1.8% | 0.19% | +0.03 |
| CRM Salesforce Inc. | Add +0.3% | 0.17% | +0.03 |
| BAC Bank of America Corp. | Add +1.1% | 0.30% | +0.03 |
| CART Maplebear Inc. | New | 0.03% | +0.03 |
| CSCO Cisco Systems Inc. | Add +5.1% | 0.20% | +0.03 |
| EMR Emerson Electric Co. | Add +10.0% | 0.14% | +0.03 |
| VYM Vanguard High DVD Yield ETF | Add +122.8% | 0.04% | +0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +148.8% | 0.04% | +0.02 |
| MNDY Monday.com Ltd. | Add +147.5% | 0.04% | +0.02 |
| C Citigroup Inc. | Add +9.5% | 0.12% | +0.02 |
| BSX Boston Scientific Corp. | Add +0.1% | 0.47% | +0.02 |
| IVT Inventrust Properties Corp. | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 763 | $4.9B | AAPL, NVDA, GOOGL, MSFT, SPY |
| Q1 2026 | 736 | $4.4B | AAPL, NVDA, MSFT, SPY, GOOGL |
| Q4 2025 | 743 | $4.5B | AAPL, MSFT, NVDA, GOOGL, SPY |
| Q3 2025 | 776 | $4.6B | MSFT, AAPL, NVDA, SPY, QQQ |
| Q2 2025 | 753 | $4.3B | MSFT, AAPL, NVDA, SPY, EFA |
| Q1 2025 | 735 | $3.9B | AAPL, MSFT, SPY, NVDA, EFA |
| Q4 2024 | 725 | $3.9B | AAPL, MSFT, QQQ, SPY, NVDA |
| Q3 2024 | 734 | $3.8B | AAPL, MSFT, QQQ, SPY, NVDA |
| Q2 2024 | 722 | $3.6B | MSFT, AAPL, QQQ, SPY, EFA |
| Q1 2024 | 731 | $3.6B | MSFT, AAPL, QQQ, SPY, EFA |