BAILARD, INC.
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| INVESCO QQQ TR | 88,279 | 227,269 | +138,990 | 48,698,298 | 136,445,566 | 2.96% | +87,747,268 |
| ISHARES TR | 125,079 | 3,095,899 | +2,970,820 | 2,868,061 | 71,050,882 | 1.54% | +68,182,821 |
| J P MORGAN EXCHANGE TRADED F | 0 | 1,300,137 | +1,300,137 | 0 | 66,306,987 | 1.44% | +66,306,987 |
| APPLE INC(AAPL) | 881,294 | 847,956 | -33,338 | 180,815,175 | 215,915,091 | 4.69% | +35,099,916 |
| NVIDIA CORPORATION(NVDA) | 982,007 | 996,295 | +14,288 | 155,147,310 | 185,888,702 | 4.04% | +30,741,392 |
| ALPHABET INC(GOOG) | 476,402 | 468,592 | -7,810 | 83,956,336 | 113,914,731 | 2.48% | +29,958,395 |
| SPDR GOLD TR(GLD) | 317,261 | 315,457 | -1,804 | 96,710,670 | 112,135,499 | 2.44% | +15,424,829 |
| PALO ALTO NETWORKS INC(PANW) | 62,121 | 109,440 | +47,319 | 12,712,442 | 22,284,173 | 0.48% | +9,571,731 |
| ISHARES TR | 1,386,025 | 1,427,316 | +41,291 | 123,896,788 | 133,268,510 | 2.90% | +9,371,722 |
| SPDR S&P 500 ETF TR(SPY) | 206,654 | 205,032 | -1,622 | 127,681,417 | 136,588,626 | 2.97% | +8,907,209 |
| VANGUARD WORLD FD | 116,052 | 113,704 | -2,348 | 76,975,032 | 84,894,887 | 1.84% | +7,919,855 |
| TAIWAN SEMICONDUCTOR MFG LTD(TSM) | 140,786 | 140,129 | -657 | 31,886,622 | 39,136,666 | 0.85% | +7,250,044 |
| CUMMINS INC(CMI) | 55,795 | 59,830 | +4,035 | 18,272,724 | 25,270,218 | 0.55% | +6,997,494 |
| ISHARES TR | 1,344,831 | 1,434,753 | +89,922 | 74,960,880 | 81,838,311 | 1.78% | +6,877,431 |
| BROADCOM INC(AVGO) | 112,044 | 114,374 | +2,330 | 30,884,929 | 37,733,126 | 0.82% | +6,848,197 |
| MICROSOFT CORP(MSFT) | 435,572 | 430,923 | -4,649 | 216,657,884 | 223,196,703 | 4.85% | +6,538,819 |
| ALPHABET INC(GOOG) | 104,086 | 100,373 | -3,713 | 18,463,778 | 24,445,792 | 0.53% | +5,982,014 |
| VANGUARD INDEX FDS | 202,693 | 205,904 | +3,211 | 61,604,405 | 67,571,372 | 1.47% | +5,966,967 |
| ORACLE CORP(ORCL) | 80,982 | 83,991 | +3,009 | 17,705,062 | 23,621,682 | 0.51% | +5,916,620 |
| VANGUARD INDEX FDS | 98,445 | 100,487 | +2,042 | 55,919,733 | 61,536,015 | 1.34% | +5,616,282 |
| ABBVIE INC(ABBV) | 29,304 | 45,353 | +16,049 | 5,439,472 | 10,501,113 | 0.23% | +5,061,641 |
| NUTANIX INC(NTNX) | 0 | 65,284 | +65,284 | 0 | 4,856,477 | 0.11% | +4,856,477 |
| ISHARES TR | 1,359,378 | 1,559,396 | +200,018 | 31,238,506 | 36,053,236 | 0.78% | +4,814,730 |
| JOHNSON & JOHNSON(JNJ) | 154,306 | 152,544 | -1,762 | 23,570,270 | 28,284,742 | 0.61% | +4,714,472 |
| APPLOVIN CORP(APP) | 12,731 | 12,413 | -318 | 4,456,868 | 8,919,237 | 0.19% | +4,462,369 |
| ISHARES TR | 204,185 | 272,834 | +68,649 | 10,881,019 | 14,757,591 | 0.32% | +3,876,572 |
| JPMORGAN CHASE & CO.(JPM) | 163,323 | 162,108 | -1,215 | 47,349,059 | 51,133,582 | 1.11% | +3,784,523 |
| CHEVRON CORP NEW(CVX) | 98,838 | 114,967 | +16,129 | 14,152,545 | 17,853,226 | 0.39% | +3,700,681 |
| VANGUARD INDEX FDS | 246,697 | 247,841 | +1,144 | 48,108,365 | 51,726,877 | 1.12% | +3,618,512 |
| TJX COS INC NEW(TJX) | 223,184 | 215,563 | -7,621 | 27,560,950 | 31,157,426 | 0.68% | +3,596,476 |
| HOME DEPOT INC(HD) | 93,483 | 93,382 | -101 | 34,274,694 | 37,837,577 | 0.82% | +3,562,883 |
| ADVANCED MICRO DEVICES INC(AMD) | 80,757 | 90,923 | +10,166 | 11,459,349 | 14,710,354 | 0.32% | +3,251,005 |
| SELECT SECTOR SPDR TR | 118,632 | 118,100 | -532 | 30,041,170 | 33,287,653 | 0.72% | +3,246,483 |
| VANGUARD INDEX FDS | 153,662 | 184,063 | +30,401 | 13,685,102 | 16,827,003 | 0.37% | +3,141,901 |
| KLA CORP(KLAC) | 24,379 | 23,132 | -1,247 | 21,837,245 | 24,950,175 | 0.54% | +3,112,930 |
| PURE STORAGE INC(P) | 122,787 | 120,554 | -2,233 | 7,070,075 | 10,103,631 | 0.22% | +3,033,556 |
| ISHARES TR | 71,189 | 70,542 | -647 | 44,201,396 | 47,213,917 | 1.03% | +3,012,521 |
| TAKE-TWO INTERACTIVE SOFTWAR(TTWO) | 0 | 11,448 | +11,448 | 0 | 2,957,705 | 0.06% | +2,957,705 |
| SPROTT ASSET MANAGEMENT LP(PHYS) | 0 | 98,168 | +98,168 | 0 | 2,907,736 | 0.06% | +2,907,736 |
| CHENIERE ENERGY INC(LNG) | 6,663 | 19,163 | +12,500 | 1,622,574 | 4,502,922 | 0.10% | +2,880,348 |
| VANGUARD INTL EQUITY INDEX F | 484,734 | 495,433 | +10,699 | 23,974,928 | 26,842,544 | 0.58% | +2,867,616 |
| ISHARES TR | 276,415 | 273,214 | -3,201 | 27,500,528 | 30,214,736 | 0.66% | +2,714,208 |
| VANGUARD INTL EQUITY INDEX F | 512,822 | 520,027 | +7,205 | 34,471,895 | 37,114,327 | 0.81% | +2,642,432 |
| STEEL DYNAMICS INC(STLD) | 90,345 | 101,166 | +10,821 | 11,565,099 | 14,105,614 | 0.31% | +2,540,515 |
| BLACKROCK INC(BLK) | 28,360 | 27,700 | -660 | 29,756,830 | 32,294,710 | 0.70% | +2,537,880 |
| SEA LTD(SE) | 61,081 | 68,086 | +7,005 | 9,769,295 | 12,169,011 | 0.26% | +2,399,716 |
| LAM RESEARCH CORP(LRCX) | 58,762 | 58,782 | +20 | 5,719,893 | 7,870,910 | 0.17% | +2,151,017 |
| ARISTA NETWORKS INC(ANET) | 28,364 | 34,495 | +6,131 | 2,901,921 | 5,026,266 | 0.11% | +2,124,345 |
| VANGUARD INTL EQUITY INDEX F | 4,380 | 19,411 | +15,031 | 562,946 | 2,674,809 | 0.06% | +2,111,863 |
| ISHARES TR | 136,161 | 137,638 | +1,477 | 15,296,375 | 17,335,560 | 0.38% | +2,039,185 |
| COCA-COLA EUROPACIFIC PARTNE | 0 | 22,504 | +22,504 | 0 | 2,034,587 | 0.04% | +2,034,587 |
| VALERO ENERGY CORP(VLO) | 54,326 | 54,220 | -106 | 7,302,514 | 9,231,429 | 0.20% | +1,928,915 |
| KINROSS GOLD CORP(KGC) | 195,736 | 195,736 | 0 | 3,059,354 | 4,864,040 | 0.11% | +1,804,686 |
| ISHARES TR | 63,361 | 63,649 | +288 | 13,672,728 | 15,400,577 | 0.33% | +1,727,849 |
| VANGUARD TAX-MANAGED FDS | 276,374 | 291,725 | +15,351 | 15,756,063 | 17,480,142 | 0.38% | +1,724,079 |
| AMAZON COM INC(AMZN) | 264,471 | 271,838 | +7,367 | 58,022,293 | 59,687,470 | 1.30% | +1,665,177 |
| ASML HOLDING N V | 7,489 | 7,899 | +410 | 6,001,610 | 7,646,943 | 0.17% | +1,645,333 |
| EXPEDIA GROUP INC(EXPE) | 40,901 | 39,736 | -1,165 | 6,899,181 | 8,493,570 | 0.18% | +1,594,389 |
| SHOPIFY INC(SHOP) | 42,076 | 43,173 | +1,097 | 4,853,467 | 6,415,940 | 0.14% | +1,562,473 |
| TESLA INC(TSLA) | 11,741 | 11,835 | +94 | 3,729,772 | 5,263,438 | 0.11% | +1,533,666 |
| CATERPILLAR INC(CAT) | 19,795 | 19,276 | -519 | 7,684,617 | 9,197,543 | 0.20% | +1,512,926 |
| MICRON TECHNOLOGY INC(MU) | 43,314 | 40,750 | -2,564 | 5,338,451 | 6,818,290 | 0.15% | +1,479,839 |
| ASTRAZENECA PLC(AZN) | 143,373 | 149,412 | +6,039 | 10,018,906 | 11,462,889 | 0.25% | +1,443,983 |
| CADENCE DESIGN SYSTEM INC(CDNS) | 16,519 | 18,579 | +2,060 | 5,090,330 | 6,526,060 | 0.14% | +1,435,730 |
| CITIGROUP INC(C) | 64,354 | 67,992 | +3,638 | 5,477,802 | 6,901,176 | 0.15% | +1,423,374 |
| FASTENAL CO(FAST) | 8,294 | 34,648 | +26,354 | 348,348 | 1,699,138 | 0.04% | +1,350,790 |
| VANGUARD WHITEHALL FDS | 7,276 | 16,412 | +9,136 | 969,964 | 2,313,272 | 0.05% | +1,343,308 |
| ITAU UNIBANCO HLDG S A(ITUB) | 0 | 180,000 | +180,000 | 0 | 1,321,200 | 0.03% | +1,321,200 |
| BANK NEW YORK MELLON CORP | 28,543 | 35,887 | +7,344 | 2,600,553 | 3,910,248 | 0.08% | +1,309,695 |
| PRUDENTIAL FINL INC(PFH) | 5,760 | 18,176 | +12,416 | 618,865 | 1,885,578 | 0.04% | +1,266,713 |
| JOBY AVIATION INC(JOBY) | 0 | 77,395 | +77,395 | 0 | 1,249,155 | 0.03% | +1,249,155 |
| ISHARES GOLD TR(IAU) | 34,692 | 46,222 | +11,530 | 2,163,393 | 3,363,575 | 0.07% | +1,200,182 |
| INTEL CORP(INTC) | 92,727 | 97,516 | +4,789 | 2,077,076 | 3,271,649 | 0.07% | +1,194,573 |
| CECO ENVIRONMENTAL CORP(CECO) | 63,541 | 57,341 | -6,200 | 1,798,846 | 2,935,859 | 0.06% | +1,137,013 |
| ISHARES TR | 66,666 | 65,905 | -761 | 10,517,228 | 11,652,663 | 0.25% | +1,135,435 |
| SPDR SERIES TRUST | 33,289 | 45,379 | +12,090 | 3,053,600 | 4,163,523 | 0.09% | +1,109,923 |
| L3HARRIS TECHNOLOGIES INC(LHX) | 23,340 | 22,790 | -550 | 5,854,606 | 6,960,294 | 0.15% | +1,105,688 |
| SONOCO PRODS CO(SON) | 0 | 24,700 | +24,700 | 0 | 1,064,323 | 0.02% | +1,064,323 |
| ISHARES TR | 39,901 | 58,812 | +18,911 | 2,080,438 | 3,137,620 | 0.07% | +1,057,182 |
| AMERICA MOVIL SAB DE CV(AMX) | 0 | 50,000 | +50,000 | 0 | 1,050,000 | 0.02% | +1,050,000 |
| MICROCHIP TECHNOLOGY INC.(MCHP) | 35,282 | 54,996 | +19,714 | 2,482,794 | 3,531,843 | 0.08% | +1,049,049 |
| CHIPOTLE MEXICAN GRILL INC(CMG) | 8,553 | 38,422 | +29,869 | 480,251 | 1,505,758 | 0.03% | +1,025,507 |
| EATON CORP PLC(ETN) | 58,755 | 58,744 | -11 | 20,975,123 | 21,984,842 | 0.48% | +1,009,719 |
| ISHARES TR | 124,073 | 122,519 | -1,554 | 13,559,950 | 14,558,946 | 0.32% | +998,996 |
| UBER TECHNOLOGIES INC(UBER) | 280,699 | 277,473 | -3,226 | 26,189,170 | 27,183,981 | 0.59% | +994,811 |
| APPLIED MATLS INC | 27,786 | 29,663 | +1,877 | 5,086,783 | 6,073,203 | 0.13% | +986,420 |
| CARDINAL HEALTH INC(CAH) | 6,084 | 12,560 | +6,476 | 1,022,112 | 1,971,418 | 0.04% | +949,306 |
| MORGAN STANLEY(MS) | 213,830 | 195,419 | -18,411 | 30,120,093 | 31,063,804 | 0.67% | +943,711 |
| MIZUHO FINANCIAL GROUP INC(MFG) | 0 | 136,113 | +136,113 | 0 | 911,957 | 0.02% | +911,957 |
| ISHARES TR | 461,726 | 452,535 | -9,191 | 28,636,253 | 29,532,441 | 0.64% | +896,188 |
| TEGNA INC | 0 | 43,800 | +43,800 | 0 | 890,454 | 0.02% | +890,454 |
| ISHARES TR | 206,049 | 206,804 | +755 | 12,556,626 | 13,444,328 | 0.29% | +887,702 |
| INDUSTRIAL LOGISTICS PPTYS T | 0 | 148,999 | +148,999 | 0 | 868,664 | 0.02% | +868,664 |
| SPDR INDEX SHS FDS | 166,888 | 177,494 | +10,606 | 7,903,799 | 8,752,992 | 0.19% | +849,193 |
| HORIZON BANCORP INC(HBNC) | 0 | 52,000 | +52,000 | 0 | 832,520 | 0.02% | +832,520 |
| BANK AMERICA CORP | 230,354 | 227,180 | -3,174 | 10,900,371 | 11,720,238 | 0.25% | +819,867 |
| DIAMONDROCK HOSPITALITY CO(DRH) | 0 | 102,519 | +102,519 | 0 | 816,051 | 0.02% | +816,051 |
| ISHARES TR | 821,334 | 794,632 | -26,702 | 68,564,991 | 69,379,350 | 1.51% | +814,359 |
| PROVIDENT FINL SVCS INC(PFS) | 0 | 41,600 | +41,600 | 0 | 802,048 | 0.02% | +802,048 |
| CLEVELAND-CLIFFS INC NEW(CLF) | 0 | 65,402 | +65,402 | 0 | 797,904 | 0.02% | +797,904 |