Baird Financial Group, Inc.

CIK 0001648711 · Q2 2026

13F Equity AUM

$72.7B

+13.6% QoQ

Positions

1,920

+98 QoQ

AUM Rank

#138

Top 2%

Skill Alpha (FF)

-0.5%/yr^ns

No Clear Edge

Rank #3,508 · Top 42%

vs S&P -1.6%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 15.4%Top 10: 25.4%Top 20: 39.7%

AAPL4.0%

JPM3.1%

GOOG3.0%

MSFT3.0%

GEV2.3%

VEA2.2%

IWD2.1%

IWF2.0%

BRK/B1.9%

AMZN1.9%

Others (1910)74.6%

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

Sector Allocation

Financial Services43.3%

Technology17.2%

Industrials10.2%

Consumer Cyclical7.3%

Communication Services7.1%

Healthcare5.7%

Utilities3.2%

Consumer Defensive2.3%

Other3.6%

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

Position Sizing

Positions: 1920Median: 0.00%Avg: 0.05%

0–0.5%

1874(40.4%)

0.5–1%

24(17.8%)

1–3%

19(31.6%)

3–5%

3(10.2%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 0Unique: 1,920vs 20 funds

0%Low

1,920

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

New174Increased938Decreased716Exited77

New Positions

HONEYWELL AEROSPACE …0.0%

+120K

HONEYWELL INTL INC0.0%

+120K

FEY0.0%

+866K

TKR0.0%

+183K

OUST0.0%

+403K

ANF0.0%

+223K

TFII0.0%

+141K

TDC0.0%

+597K

UTI0.0%

+315K

VCRB0.0%

+221K

Increased

IWF2.0%

+8.8M(+313%)

UBER0.9%

+3.6M(+64%)

VUG0.5%

+3.4M(+529%)

VO0.3%

+1.9M(+299%)

IWR1.6%

+1.7M(+19%)

VGSH0.9%

+982K(+10%)

VEA2.2%

+977K(+5%)

VCIT0.8%

+691K(+10%)

SPSB0.3%

+664K(+11%)

SAMT0.1%

+606K(+55%)

Decreased

GOOG3.0%

-485,703(-7%)

TCAF0.1%

-459,030(-17%)

TSCO0.0%

-424,092(-44%)

AMKR0.0%

-384,381(-95%)

NKE0.0%

-290,482(-47%)

ABT0.2%

-283,527(-16%)

GGG0.0%

-260,514(-95%)

AMPX0.0%

-260,189(-16%)

UMC0.0%

-250,340(-59%)

CEF/U0.1%

-247,313(-23%)

Exited

HON

-239,665

-984,948

BCC

-152,111

CTRA

-400,190

-282,626

TBIL

-259,371

-383,177

WING

-80,845

TRI

-40,471

SEA

-275,572

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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