BAILARD, INC.

CIK 0000750641 · Q2 2026

13F Equity AUM

$4.9B

+12.9% QoQ

Positions

763

+27 QoQ

AUM Rank

#1,524

Top 12%

Skill Alpha (FF)

-1.5%/yr

Underperformer

Rank #5,080 · Top 61%

vs S&P -3.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 18.0%Top 10: 29.6%Top 20: 42.8%

AAPL4.9%

NVDA3.6%

GOOGL3.3%

MSFT3.2%

SPY3.1%

EFA2.7%

NDQ2.6%

VGT2.2%

IWN2.2%

GILD1.9%

Others (753)70.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services48.5%

Technology23.0%

Healthcare6.4%

Communication Services5.8%

Industrials4.8%

Consumer Cyclical4.2%

Consumer Defensive2.3%

Other5.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 763Median: 0.02%Avg: 0.13%

0–0.5%

720(39.4%)

0.5–1%

21(15.8%)

1–3%

17(26.8%)

3–5%

5(18.0%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 763vs 20 funds

0%Low

763

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New131Increased234Decreased241Exited104

New Positions

FLOT0.3%

+241K

TFLO0.1%

+104K

AER0.1%

+34K

SUNBELT RENTALS HOLD…0.1%

+60K

HONEYWELL INTL INC0.1%

+14K

HONEYWELL AEROSPACE …0.1%

+14K

CRDO0.1%

+9K

SUSL0.1%

+18K

VTEC0.0%

+21K

CCEP0.0%

+21K

Increased

JMST1.2%

+810K(+240%)

VGT2.2%

+799K(+704%)

IWN2.2%

+418K(+617%)

KLAC1.2%

+174K(+888%)

VO0.3%

+121K(+304%)

NDQ2.6%

+102K(+148%)

ESGV0.3%

+89K(+627%)

IEF0.2%

+81K(+1547%)

IBTI0.7%

+78K(+6%)

JMTG1.6%

+56K(+4%)

Decreased

IBTG0.1%

-1,457,312(-91%)

BIL0.1%

-977,828(-96%)

GOVT0.8%

-585,123(-25%)

GQ90.8%

-188,021(-64%)

SUB0.2%

-70,624(-40%)

BVXB0.0%

-55,400(-30%)

MUNI0.1%

-48,805(-26%)

DRH0.0%

-40,300(-46%)

IGIB0.4%

-40,239(-9%)

UBER0.4%

-36,451(-12%)

Exited

-21,763

-62,185

-4,040

-90,700

-1,851

-43,925

-23,400

-23,200

-8,086

-19,200

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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