BAILARD, INC.
Long book
$4.35B
Q1 2026
Positions
736
Top-10 weight
30%
concentration
Last quarter
+12.3%
SPY +14.8%
Turnover
27%
of book per quarter
Strategy in plain words
auto-generated from filingsBAILARD, INC. is an institutional manager, running a $4.35B US long book across 736 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: APPLE INC, NVIDIA CORP, MICROSOFT CORP, SS SPDR S&P 500 ETF TRUST-US, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.3%
Q2 2024
+5.4%
Q3 2024
+0.8%
Q4 2024
-2.8%
Q1 2025
+9.3%
Q2 2025
+7.9%
Q3 2025
+2.4%
Q4 2025
-2.7%
Q1 2026
+12.3%
Sector allocation
Technology 42%
Financials 11%
Healthcare 11%
Consumer discretionary 9%
Industrials 8%
Services media 6%
Energy 3%
Other 3%
Long book by quarter
What does BAILARD, INC. own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 821.3K | $208.4M | 4.8% | -0.9% |
| NVDA NVIDIA CORP | Technology | 900.4K | $157.0M | 3.6% | -1.5% |
| MSFT MICROSOFT CORP | Technology | 421.0K | $155.9M | 3.6% | -0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 442.2K | $127.2M | 2.9% | -4.2% |
| GILD GILEAD SCIENCES INC | Healthcare | 731.5K | $101.9M | 2.3% | -0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 265.1K | $55.2M | 1.3% | +2.4% |
| V VISA INC-CLASS A SHARES | Services media | 152.8K | $46.2M | 1.1% | -1.1% |
| JPM JPMORGAN CHASE & CO | Financials | 150.3K | $44.2M | 1.0% | -2.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 39.5K | $39.4M | 0.9% | +0.4% |
| AVGO BROADCOM INC | Technology | 121.1K | $37.5M | 0.9% | -3.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 149.0K | $36.4M | 0.8% | -0.3% |
| META META PLATFORMS INC-CLASS A | Technology | 59.9K | $34.3M | 0.8% | -2.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 203.7K | $32.5M | 0.7% | -0.1% |
| MS MORGAN STANLEY | Financials | 191.0K | $31.4M | 0.7% | -1.7% |
| CMI CUMMINS INC | Industrials | 57.1K | $30.7M | 0.7% | -0.7% |
| HD HOME DEPOT INC | Consumer discretionary | 90.2K | $29.7M | 0.7% | -0.2% |
| KLAC KLA CORP | Other | 19.6K | $28.8M | 0.7% | -9.4% |
| GOOG ALPHABET INC-CL C | Technology | 96.7K | $27.8M | 0.6% | -3.1% |
| BLK BLACKROCK INC | Financials | 26.7K | $25.7M | 0.6% | +0.1% |
| CVX CHEVRON CORP | Energy | 123.9K | $25.6M | 0.6% | +15.7% |
| TT TRANE TECHNOLOGIES PLC | Technology | 58.8K | $24.5M | 0.6% | -0.3% |
| COP CONOCOPHILLIPS | Energy | 178.9K | $23.6M | 0.5% | +0.8% |
| NFLX NETFLIX INC | Services media | 241.9K | $23.3M | 0.5% | -2.5% |
| UBER UBER TECHNOLOGIES INC | Services media | 293.0K | $21.1M | 0.5% | +3.6% |
| STLD STEEL DYNAMICS INC | Industrials | 116.8K | $21.0M | 0.5% | +14.5% |
| ETN EATON CORP PLC | Industrials | 57.3K | $20.5M | 0.5% | +0.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 137.4K | $19.8M | 0.5% | -3.3% |
| CB CHUBB LTD | Financials | 60.0K | $19.6M | 0.4% | -0.3% |
| PANW PALO ALTO NETWORKS INC | Technology | 115.8K | $18.6M | 0.4% | +9.2% |
| WM WASTE MANAGEMENT INC | Utilities | 79.7K | $18.3M | 0.4% | +0.1% |
| AMGN AMGEN INC | Healthcare | 49.7K | $17.5M | 0.4% | +0.3% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 35.2K | $17.1M | 0.4% | +5.9% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 37.9K | $16.9M | 0.4% | +11.4% |
| NOW SERVICENOW INC | Technology | 149.5K | $15.6M | 0.4% | +88.4% |
| AZN ASTRAZENECA PLC | Healthcare | 78.5K | $15.5M | 0.4% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 53.4K | $14.4M | 0.3% | -11.3% |
| INTU INTUIT INC | Technology | 32.6K | $14.1M | 0.3% | +4.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 29.0K | $13.9M | 0.3% | -1.0% |
| SPGI S&P GLOBAL INC | Services media | 31.8K | $13.5M | 0.3% | +0.1% |
| VLO VALERO ENERGY CORP | Energy | 54.7K | $13.5M | 0.3% | -0.2% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 213.2K | $13.4M | 0.3% | +5.5% |
| EXPE EXPEDIA GROUP INC | Industrials | 56.7K | $13.1M | 0.3% | +42.0% |
| DHR DANAHER CORP | Technology | 68.0K | $12.9M | 0.3% | -2.0% |
| LLY ELI LILLY & CO | Healthcare | 13.5K | $12.4M | 0.3% | +6.0% |
| QCOM QUALCOMM INC | Technology | 95.6K | $12.3M | 0.3% | -27.8% |
| PEP PEPSICO INC | Consumer staples | 79.2K | $12.3M | 0.3% | 0.0% |
| ACN ACCENTURE PLC-CL A | Services media | 62.0K | $12.3M | 0.3% | +26.2% |
| CSCO CISCO SYSTEMS INC | Technology | 155.0K | $12.0M | 0.3% | +3.9% |
| ABBV ABBVIE INC | Healthcare | 53.4K | $11.6M | 0.3% | -5.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 36.9K | $11.5M | 0.3% | -2.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 736 | $4.35B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 744 | $4.52B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 777 | $4.60B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 754 | $4.29B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 735 | $3.87B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 725 | $3.91B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 30, 2024 | 734 | $3.84B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 722 | $3.63B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 731 | $3.62B | canonical | SEC ↗ |
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