Bailard, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Bailard, Inc. reported 736 stock positions worth $4.4 billion. Its top holding was Apple (AAPL) at 4.8% of the portfolio, followed by Nvidia (NVDA, 3.6%) and Microsoft (MSFT, 3.6%). Compared with Q4 2025, it opened 111 new positions, sold out of 118, added to 223 and reduced 266. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +1487%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- Foster City, CA
- CIK
- 0000750641
- Portfolio Value
- $4.4B (Q1 2026)
- SEC Filing
- 0001172661-26-001642 ↗ filed May 11, 2026
Holdings Value
Holdings 736 stocks · $4.4B
| AAPL Apple Inc. | 4.79% | 821,346 | $208.4M | Reduce -0.9% |
| NVDA Nvidia Corp. | 3.61% | 900,449 | $157.0M | Reduce -1.5% |
| MSFT Microsoft Corp. | 3.58% | 421,032 | $155.9M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.01% | 201,473 | $131.0M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 2.92% | 442,209 | $127.2M | Reduce -4.2% |
| GLD SPDR Gold Shares | 2.92% | 295,219 | $127.0M | Reduce -5.0% |
| EFA iShares MSCI Eafe ETF | 2.85% | 1,275,057 | $123.8M | Add +0.2% |
| GILD Gilead Sciences Inc. | 2.34% | 731,497 | $101.9M | Reduce -0.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.14% | 1,016,257 | $93.1M | Add +1487.3% |
| VGT Vanguard Info Tech ETF | 1.82% | 113,467 | $79.2M | Reduce -0.4% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 1.71% | 1,456,163 | $74.3M | Add +0.4% |
| IEFA iShares Core MSCI Eafe ETF | 1.69% | 810,969 | $73.4M | Add +2.1% |
| CMF iShares California Muni Bond | 1.61% | 1,234,606 | $70.2M | Reduce -14.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.47% | 199,297 | $63.9M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 1.27% | 265,063 | $55.2M | Add +2.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.27% | 253,684 | $55.1M | Add +1.8% |
| GOVT iShares US Treasury Bond ETF | 1.24% | 2,352,179 | $53.9M | Add +25.2% |
| V Visa Inc. Class A | 1.06% | 152,808 | $46.2M | Reduce -1.1% |
| IVV iShares Core S&P 500 ETF | 1.03% | 68,901 | $45.0M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 1.02% | 150,347 | $44.2M | Reduce -2.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.94% | 120,456 | $40.7M | Reduce -5.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.93% | 540,192 | $40.6M | Reduce -0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.91% | 68,691 | $39.6M | Reduce -68.9% |
| COST Costco Wholesale Corp. | 0.91% | 39,522 | $39.4M | Add +0.4% |
| VOO Vanguard S&P 500 ETF | 0.90% | 65,575 | $39.2M | Reduce -2.9% |
| AVGO Broadcom Inc. | 0.86% | 121,051 | $37.5M | Reduce -3.7% |
| IBTG iShares Ibonds Dec 2026 Term | 0.85% | 1,606,184 | $36.8M | Reduce -43.1% |
| JNJ Johnson & Johnson | 0.84% | 149,011 | $36.4M | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 0.79% | 59,891 | $34.3M | Reduce -2.0% |
| JMUB JPMorgan Municipal ETF | 0.78% | 680,094 | $34.0M | Reduce -14.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.75% | 203,696 | $32.5M | Reduce -0.1% |
| IJS iShares S&P Small-Cap 600 Va | 0.73% | 269,055 | $31.9M | Reduce -0.7% |
| MS Morgan Stanley | 0.72% | 190,960 | $31.4M | Reduce -1.7% |
| XLK SS Technology Select Sector | 0.71% | 231,604 | $30.8M | Reduce -0.7% |
| CMI Cummins Inc. | 0.71% | 57,055 | $30.7M | Reduce -0.7% |
| IBTI iShares Ibonds Dec 2028 Term | 0.70% | 1,361,953 | $30.3M | New |
| HD Home Depot Inc. | 0.68% | 90,169 | $29.7M | Reduce -0.2% |
| KLAC KLA Corp. | 0.66% | 19,571 | $28.8M | Reduce -9.4% |
| GOOG Alphabet Inc. Class C | 0.64% | 96,749 | $27.8M | Reduce -3.1% |
| BLK BlackRock Inc. | 0.59% | 26,729 | $25.7M | Add +0.1% |
| CVX Chevron Corp. | 0.59% | 123,855 | $25.6M | Add +15.8% |
| TT Trane Technologies PLC | 0.56% | 58,763 | $24.5M | Reduce -0.3% |
| COP Conocophillips | 0.54% | 178,891 | $23.6M | Add +0.8% |
| NFLX Netflix Inc. | 0.53% | 241,902 | $23.3M | Reduce -2.5% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.53% | 435,224 | $23.2M | Add +48.0% |
| UBER Uber Technologies Inc. | 0.48% | 293,038 | $21.1M | Add +3.5% |
| STLD Steel Dynamics Inc. | 0.48% | 116,823 | $21.0M | Add +14.5% |
| IJH iShares Core S&P Midcap ETF | 0.48% | 306,452 | $20.7M | Reduce -0.3% |
| ETN Eaton Corp. PLC | 0.47% | 57,306 | $20.5M | Add +0.8% |
| PG The Procter & Gamble Co. | 0.46% | 137,399 | $19.8M | Reduce -3.3% |
| VEA Vanguard Ftse Developed ETF | 0.45% | 307,596 | $19.7M | Add +2.7% |
| CB Chubb Ltd. | 0.45% | 60,047 | $19.6M | Reduce -0.3% |
| SUB iShares Short-Term National | 0.43% | 174,632 | $18.6M | Reduce -12.5% |
| PANW Palo Alto Networks Inc. | 0.43% | 115,814 | $18.6M | Add +9.2% |
| WM Waste Management Inc. | 0.42% | 79,721 | $18.3M | Add +0.1% |
| AMGN Amgen Inc. | 0.40% | 49,711 | $17.5M | Add +0.3% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.39% | 336,927 | $17.2M | Add +620.4% |
| SPOT Spotify Technology SA | 0.39% | 35,234 | $17.1M | Add +5.9% |
| VWO Vanguard Ftse Emerging Marke | 0.39% | 315,006 | $17.0M | Add +3.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.39% | 37,862 | $16.9M | Add +11.4% |
| IGM iShares Expanded Tech Sector | 0.37% | 135,740 | $16.1M | Add +4.4% |
| NOW ServiceNow Inc. | 0.36% | 149,505 | $15.6M | Add +88.4% |
| AZN Astrazeneca PLC | 0.36% | 78,509 | $15.5M | Reduce -1.3% |
| IJR iShares Core S&P Small-Cap E | 0.35% | 121,389 | $15.1M | Reduce -0.2% |
| UNH Unitedhealth Group Inc. | 0.33% | 53,397 | $14.4M | Reduce -11.3% |
| INTU Intuit Inc. | 0.32% | 32,629 | $14.1M | Add +4.4% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.32% | 205,696 | $14.1M | Reduce -3.1% |
| EEM iShares MSCI Emerging Market | 0.32% | 247,581 | $14.1M | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 28,970 | $13.9M | Reduce -1.0% |
| SPGI S&P Global Inc. | 0.31% | 31,770 | $13.5M | Add +0.1% |
| VLO Valero Energy Corp. | 0.31% | 54,657 | $13.5M | Reduce -0.2% |
| BSX Boston Scientific Corp. | 0.31% | 213,197 | $13.4M | Add +5.5% |
| EXPE Expedia Group Inc. | 0.30% | 56,661 | $13.1M | Add +42.0% |
| DHR Danaher Corp. | 0.30% | 67,970 | $12.9M | Reduce -2.0% |
| IWN iShares Russell 2000 Value E | 0.30% | 67,723 | $12.8M | Reduce -2.1% |
| IWR iShares Russell Mid-Cap ETF | 0.29% | 129,272 | $12.6M | Reduce -0.1% |
| LLY Eli Lilly & Co. | 0.29% | 13,534 | $12.4M | Add +6.0% |
| AGZ iShares Agency Bond ETF | 0.29% | 113,101 | $12.4M | Add +0.2% |
| QCOM Qualcomm Inc. | 0.28% | 95,553 | $12.3M | Reduce -27.8% |
| PEP Pepsico Inc. | 0.28% | 79,238 | $12.3M | Add +0.0% |
| ACN Accenture PLC Class A | 0.28% | 62,012 | $12.3M | Add +26.2% |
| CSCO Cisco Systems Inc. | 0.28% | 154,972 | $12.0M | Add +3.9% |
| PLD Prologis Inc. | 0.27% | 88,868 | $11.7M | Reduce -0.1% |
| EFAX State Street SPDR MSCI Eafe | 0.27% | 235,024 | $11.7M | Add +18.8% |
| ABBV Abbvie Inc. | 0.27% | 53,382 | $11.6M | Reduce -5.1% |
| MCD McDonald's Corp. | 0.26% | 36,873 | $11.5M | Reduce -2.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.26% | 39,868 | $11.4M | Reduce -0.4% |
| KO The Coca-Cola Co. | 0.26% | 149,587 | $11.4M | Add +0.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 226,900 | $11.1M | Reduce -0.2% |
| LIN Linde PLC | 0.25% | 22,193 | $11.0M | Add +2.1% |
| TXN Texas Instruments Inc. | 0.25% | 55,806 | $10.8M | Reduce -0.5% |
| CAT Caterpillar Inc. | 0.25% | 15,167 | $10.7M | Reduce -22.8% |
| IBTK iShares Ibonds Dec 2030 Trea | 0.24% | 539,401 | $10.6M | Add +172.9% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.23% | 7,605 | $10.0M | Reduce -1.1% |
| MUNI PIMCO Intermediate Municipal | 0.23% | 190,635 | $9.9M | Reduce -17.4% |
| XJH Ishare ESG SS S&P Midcap ETF | 0.23% | 217,416 | $9.9M | Add +1.9% |
| AMAT Applied Materials Inc. | 0.22% | 27,896 | $9.5M | Reduce -7.5% |
| IWM iShares Russell 2000 ETF | 0.21% | 37,398 | $9.3M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 95,456 | $9.2M | Reduce -2.2% |
| P Everpure Inc. Class A | 0.21% | 155,518 | $9.2M | Add +53.9% |
Portfolio Sells Q4 2025 → Q1 2026
| QQQ Invesco QQQ Trust Series 1 | Reduce -68.9% | 0.91% | −2.09 |
| MSFT Microsoft Corp. | Reduce -0.4% | 3.58% | −0.95 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.59 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -43.1% | 0.85% | −0.58 |
| GOOGL Alphabet Inc. Class A | Reduce -4.2% | 2.92% | −0.27 |
| QCOM Qualcomm Inc. | Reduce -27.8% | 0.28% | −0.22 |
| CMF iShares California Muni Bond | Reduce -14.2% | 1.61% | −0.22 |
| AAPL Apple Inc. | Reduce -0.9% | 4.79% | −0.20 |
| NVDA Nvidia Corp. | Reduce -1.5% | 3.61% | −0.17 |
| ORCL Oracle Corp. | Reduce -49.4% | 0.11% | −0.16 |
| V Visa Inc. Class A | Reduce -1.1% | 1.06% | −0.14 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -51.5% | 0.11% | −0.11 |
| UNH Unitedhealth Group Inc. | Reduce -11.3% | 0.33% | −0.11 |
| JMUB JPMorgan Municipal ETF | Reduce -14.4% | 0.78% | −0.11 |
| META Meta Platforms Inc. Class A | Reduce -2.0% | 0.79% | −0.11 |
| AVGO Broadcom Inc. | Reduce -3.7% | 0.86% | −0.10 |
| DASH DoorDash Inc. Class A | Reduce -85.3% | 0.01% | −0.09 |
| APP AppLovin Corp. Class A | Reduce -11.5% | 0.11% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -2.9% | 1.02% | −0.09 |
| ADBE Adobe Inc. | Reduce -4.7% | 0.19% | −0.09 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Sold out | 0.00% | −0.08 |
| DUK Duke Energy Corp. | Reduce -93.7% | 0.01% | −0.08 |
| VGT Vanguard Info Tech ETF | Reduce -0.4% | 1.82% | −0.08 |
| COF Capital One Financial Corp. | Reduce -5.8% | 0.20% | −0.07 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.07 |
| VNQ Vanguard Real Estate ETF | Reduce -29.6% | 0.19% | −0.07 |
| ABT Abbott Laboratories | Reduce -7.8% | 0.20% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -3.1% | 0.64% | −0.06 |
| DHR Danaher Corp. | Reduce -2.0% | 0.30% | −0.06 |
| PNC PNC Financial Services Group | Reduce -23.9% | 0.18% | −0.05 |
| REET iShares Global REIT ETF | Reduce -38.9% | 0.09% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.5% | 3.01% | −0.05 |
| SUB iShares Short-Term National | Reduce -12.5% | 0.43% | −0.04 |
| ZTS Zoetis Inc. | Reduce -20.9% | 0.14% | −0.04 |
| AXP American Express Co. | Reduce -10.1% | 0.13% | −0.04 |
| MS Morgan Stanley | Reduce -1.7% | 0.72% | −0.04 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.04 |
| MUNI PIMCO Intermediate Municipal | Reduce -17.4% | 0.23% | −0.04 |
| TTWO Take-Two Interactive Softwre | Reduce -18.4% | 0.07% | −0.04 |
| HUBS HubSpot Inc. | Reduce -9.1% | 0.05% | −0.04 |
| VOO Vanguard S&P 500 ETF | Reduce -2.9% | 0.90% | −0.04 |
| MBB iShares MBS ETF | Sold out | 0.00% | −0.04 |
| XLK SS Technology Select Sector | Reduce -0.7% | 0.71% | −0.04 |
| AMD Advanced Micro Devices | Reduce -17.1% | 0.16% | −0.04 |
| DIS The Walt Disney Co. | Reduce -2.2% | 0.21% | −0.03 |
| FIVE Five Below | Sold out | 0.00% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.4% | 1.47% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -1.4% | 1.03% | −0.02 |
| CRM Salesforce Inc. | Reduce -0.5% | 0.06% | −0.02 |
| ADP Automatic Data Processing | Reduce -2.9% | 0.09% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +1487.3% | 2.14% | +2.01 |
| IBTI iShares Ibonds Dec 2028 Term | New | 0.70% | +0.70 |
| JMST JPM Ultra-Short Muni Income | Add +620.4% | 0.39% | +0.34 |
| GOVT iShares US Treasury Bond ETF | Add +25.2% | 1.24% | +0.28 |
| CVX Chevron Corp. | Add +15.8% | 0.59% | +0.23 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +48.0% | 0.53% | +0.18 |
| COP Conocophillips | Add +0.8% | 0.54% | +0.17 |
| IBTK iShares Ibonds Dec 2030 Trea | Add +172.9% | 0.24% | +0.16 |
| COST Costco Wholesale Corp. | Add +0.4% | 0.91% | +0.15 |
| NDAQ Nasdaq Inc. | New | 0.15% | +0.15 |
| EFA iShares MSCI Eafe ETF | Add +0.2% | 2.85% | +0.14 |
| IEFA iShares Core MSCI Eafe ETF | Add +2.1% | 1.69% | +0.11 |
| STLD Steel Dynamics Inc. | Add +14.5% | 0.48% | +0.10 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +1.8% | 1.27% | +0.10 |
| NOW ServiceNow Inc. | Add +88.4% | 0.36% | +0.09 |
| NTR Nutrien Ltd. | New | 0.07% | +0.07 |
| ETN Eaton Corp. PLC | Add +0.8% | 0.47% | +0.07 |
| JMTG Mortgage-Backed Securities | Add +0.4% | 1.71% | +0.07 |
| MPC Marathon Petroleum Corp. | New | 0.06% | +0.06 |
| P Everpure Inc. Class A | Add +53.9% | 0.21% | +0.06 |
| MRVL Marvell Technology Inc. | Add +214.7% | 0.08% | +0.06 |
| BA The Boeing Co. | Add +702.5% | 0.06% | +0.06 |
| EXPE Expedia Group Inc. | Add +42.0% | 0.30% | +0.05 |
| EFAX State Street SPDR MSCI Eafe | Add +18.8% | 0.27% | +0.05 |
| LIN Linde PLC | Add +2.1% | 0.25% | +0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Add +11.4% | 0.39% | +0.05 |
| APD Air Products & Chemicals Inc. | Add +136.9% | 0.07% | +0.05 |
| LNG Cheniere Energy Inc. | Add +21.6% | 0.10% | +0.05 |
| AMGN Amgen Inc. | Add +0.3% | 0.40% | +0.04 |
| ROKU Roku Inc. | New | 0.04% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +2.7% | 0.45% | +0.04 |
| GEV GE Vernova Inc. | Add +95.7% | 0.06% | +0.04 |
| COHR Coherent Corp. | Add +570.4% | 0.04% | +0.04 |
| HON Honeywell International Inc. | Add +22.4% | 0.11% | +0.04 |
| LHX L3HARRIS Technologies Inc. | Add +0.5% | 0.18% | +0.03 |
| GLW Corning Inc. | Add +4.0% | 0.08% | +0.03 |
| WM Waste Management Inc. | Add +0.1% | 0.42% | +0.03 |
| FROG Jfrog Ltd. | Add +373.5% | 0.05% | +0.03 |
| EQIX Equinix Inc. | New | 0.03% | +0.03 |
| DMXF iShares ESG Advanc MSCI Eafe | Add +15.9% | 0.18% | +0.03 |
| PEP Pepsico Inc. | Add +0.0% | 0.28% | +0.03 |
| KO The Coca-Cola Co. | Add +0.0% | 0.26% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +3.7% | 0.39% | +0.03 |
| EOG EOG Resources Inc. | Add +13.1% | 0.08% | +0.03 |
| VGIT Vanguard Intermediate-Term T | New | 0.03% | +0.03 |
| STX Seagate Technology Holdings | New | 0.03% | +0.03 |
| BROS Dutch Bros Inc. Class A | Add +59.3% | 0.10% | +0.03 |
| NEE Nextera Energy Inc. | Add +1.1% | 0.15% | +0.03 |
| WDC Western Digital Corp. | New | 0.03% | +0.03 |
| EEM iShares MSCI Emerging Market | Add +0.0% | 0.32% | +0.02 |
Notes & Other Activity Q4 2025 → Q1 2026
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 235 | $285Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |