BAILARD, INC.
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| SELECT SECTOR SPDR TR | 0 | 233,201 | +233,201 | 0 | 33,574,086 | +33,574,086 |
| ALPHABET INC | 468,592 | 461,402 | -7,190 | 113,914,731 | 144,418,846 | +30,504,115 |
| VANGUARD MALVERN FDS | 0 | 538,707 | +538,707 | 0 | 26,644,448 | +26,644,448 |
| GILEAD SCIENCES INC | 669,001 | 734,057 | +65,056 | 74,259,142 | 90,098,190 | +15,839,048 |
| SPDR GOLD TR | 0 | 310,893 | +310,893 | 0 | 123,210,005 | +123,210,005 |
| APPLE INC | 847,956 | 828,481 | -19,475 | 215,915,091 | 225,230,903 | +9,315,812 |
| ISHARES TR | 0 | 199,528 | +199,528 | 0 | 21,289,638 | +21,289,638 |
| J P MORGAN EXCHANGE TRADED F | 0 | 1,450,504 | +1,450,504 | 0 | 74,062,734 | +74,062,734 |
| SELECT SECTOR SPDR TR | 0 | 133,477 | +133,477 | 0 | 7,310,535 | +7,310,535 |
| ISHARES TR | 0 | 1,879,087 | +1,879,087 | 0 | 43,265,980 | +43,265,980 |
| ALPHABET INC | 100,373 | 99,867 | -506 | 24,445,792 | 31,338,511 | +6,892,719 |
| SPDR SERIES TRUST | 0 | 64,023 | +64,023 | 0 | 5,850,422 | +5,850,422 |
| BROADCOM INC | 114,374 | 125,712 | +11,338 | 37,733,126 | 43,508,923 | +5,775,797 |
| SPDR SERIES TRUST | 0 | 152,145 | +152,145 | 0 | 4,387,862 | +4,387,862 |
| CUMMINS INC | 59,830 | 57,435 | -2,395 | 25,270,218 | 29,317,991 | +4,047,773 |
| ISHARES TR | 0 | 197,645 | +197,645 | 0 | 3,922,265 | +3,922,265 |
| SPDR SERIES TRUST | 0 | 45,157 | +45,157 | 0 | 3,822,540 | +3,822,540 |
| SPDR SERIES TRUST | 0 | 141,845 | +141,845 | 0 | 3,754,637 | +3,754,637 |
| ELI LILLY & CO | 13,406 | 12,772 | -634 | 10,229,044 | 13,726,072 | +3,497,028 |
| SPDR SERIES TRUST | 0 | 37,920 | +37,920 | 0 | 3,449,582 | +3,449,582 |
| MORGAN STANLEY | 0 | 194,271 | +194,271 | 0 | 34,488,931 | +34,488,931 |
| STEEL DYNAMICS INC | 0 | 102,031 | +102,031 | 0 | 17,289,200 | +17,289,200 |
| ASTRAZENECA PLC | 149,412 | 159,013 | +9,601 | 11,462,889 | 14,618,065 | +3,155,176 |
| EXPEDIA GROUP INC | 39,736 | 39,902 | +166 | 8,493,570 | 11,304,636 | +2,811,066 |
| VANGUARD INTL EQUITY INDEX F | 0 | 540,697 | +540,697 | 0 | 39,773,671 | +39,773,671 |
| JOHNSON & JOHNSON | 0 | 149,439 | +149,439 | 0 | 30,926,439 | +30,926,439 |
| AMGEN INC | 48,209 | 49,565 | +1,356 | 13,604,580 | 16,223,120 | +2,618,540 |
| SPDR SERIES TRUST | 0 | 88,718 | +88,718 | 0 | 2,597,663 | +2,597,663 |
| ABBVIE INC | 45,353 | 56,246 | +10,893 | 10,501,113 | 12,851,727 | +2,350,614 |
| CATERPILLAR INC | 19,276 | 19,655 | +379 | 9,197,543 | 11,259,760 | +2,062,217 |
| TAKE-TWO INTERACTIVE SOFTWAR | 0 | 19,518 | +19,518 | 0 | 4,997,194 | +4,997,194 |
| SELECT SECTOR SPDR TR | 0 | 50,265 | +50,265 | 0 | 2,028,213 | +2,028,213 |
| DANAHER CORPORATION | 70,097 | 69,384 | -713 | 13,897,446 | 15,883,402 | +1,985,956 |
| SYNOPSYS INC | 0 | 4,200 | +4,200 | 0 | 1,972,824 | +1,972,824 |
| UNITED PARCEL SERVICE INC | 0 | 23,404 | +23,404 | 0 | 2,321,443 | +2,321,443 |
| VERTEX PHARMACEUTICALS INC | 0 | 33,975 | +33,975 | 0 | 15,403,058 | +15,403,058 |
| DNOW INC | 0 | 137,341 | +137,341 | 0 | 1,819,768 | +1,819,768 |
| ISHARES TR | 0 | 794,385 | +794,385 | 0 | 71,065,713 | +71,065,713 |
| APPLIED MATLS INC | 29,663 | 30,142 | +479 | 6,073,203 | 7,746,193 | +1,672,990 |
| ISHARES TR | 0 | 89,186 | +89,186 | 0 | 4,772,343 | +4,772,343 |
| J P MORGAN EXCHANGE TRADED F | 0 | 794,545 | +794,545 | 0 | 40,124,523 | +40,124,523 |
| CAPITAL ONE FINL CORP | 50,742 | 50,996 | +254 | 10,786,630 | 12,359,514 | +1,572,884 |
| SPDR S&P 500 ETF TR | 0 | 202,575 | +202,575 | 0 | 138,140,505 | +138,140,505 |
| FIVE BELOW INC | 0 | 7,946 | +7,946 | 0 | 1,496,709 | +1,496,709 |
| CHUBB LIMITED | 61,379 | 60,213 | -1,166 | 17,324,223 | 18,793,682 | +1,469,459 |
| SPDR SERIES TRUST | 0 | 41,707 | +41,707 | 0 | 1,410,114 | +1,410,114 |
| S&P GLOBAL INC | 0 | 31,748 | +31,748 | 0 | 16,591,187 | +16,591,187 |
| SELECT SECTOR SPDR TR | 0 | 11,229 | +11,229 | 0 | 1,321,878 | +1,321,878 |
| SELECT SECTOR SPDR TR | 0 | 8,501 | +8,501 | 0 | 1,316,017 | +1,316,017 |
| RELIANCE INC | 0 | 4,540 | +4,540 | 0 | 1,311,470 | +1,311,470 |
| KLA CORP | 0 | 21,598 | +21,598 | 0 | 26,243,298 | +26,243,298 |
| GOLDMAN SACHS GROUP INC | 4,620 | 5,603 | +983 | 3,679,137 | 4,925,037 | +1,245,900 |
| SELECT SECTOR SPDR TR | 0 | 10,340 | +10,340 | 0 | 1,234,729 | +1,234,729 |
| VANGUARD TAX-MANAGED FDS | 0 | 299,526 | +299,526 | 0 | 18,711,431 | +18,711,431 |
| SPDR INDEX SHS FDS | 0 | 197,825 | +197,825 | 0 | 9,983,436 | +9,983,436 |
| SELECT SECTOR SPDR TR | 0 | 26,840 | +26,840 | 0 | 1,200,016 | +1,200,016 |
| ISHARES TR | 0 | 294,024 | +294,024 | 0 | 15,842,013 | +15,842,013 |
| VANGUARD INDEX FDS | 0 | 249,231 | +249,231 | 0 | 52,784,827 | +52,784,827 |
| TOTALENERGIES SE | 0 | 15,987 | +15,987 | 0 | 1,045,870 | +1,045,870 |
| DOORDASH INC | 13,364 | 20,560 | +7,196 | 3,634,874 | 4,656,429 | +1,021,555 |
| JANUS DETROIT STR TR | 0 | 96,761 | +96,761 | 0 | 4,421,010 | +4,421,010 |
| KOHLS CORP | 0 | 49,736 | +49,736 | 0 | 1,015,112 | +1,015,112 |
| MICRON TECHNOLOGY INC | 0 | 27,258 | +27,258 | 0 | 7,779,706 | +7,779,706 |
| VANGUARD WORLD FD | 0 | 113,885 | +113,885 | 0 | 85,845,059 | +85,845,059 |
| VANGUARD WORLD FD | 0 | 25,138 | +25,138 | 0 | 7,236,156 | +7,236,156 |
| VANGUARD MUN BD FDS | 0 | 67,325 | +67,325 | 0 | 3,385,774 | +3,385,774 |
| AXON ENTERPRISE INC | 453 | 2,132 | +1,679 | 325,091 | 1,210,827 | +885,736 |
| ISHARES TR | 0 | 69,165 | +69,165 | 0 | 12,533,390 | +12,533,390 |
| CITIGROUP INC | 67,992 | 66,672 | -1,320 | 6,901,176 | 7,780,058 | +878,882 |
| ISHARES TR | 0 | 1,439,125 | +1,439,125 | 0 | 82,692,123 | +82,692,123 |
| JANUS HENDERSON GROUP PLC | 0 | 43,009 | +43,009 | 0 | 2,045,938 | +2,045,938 |
| BRIXMOR PPTY GROUP INC | 0 | 31,992 | +31,992 | 0 | 838,830 | +838,830 |
| FIRST INDL RLTY TR INC | 5,814 | 19,800 | +13,986 | 299,247 | 1,133,946 | +834,699 |
| WW GRAINGER INC | 940 | 1,702 | +762 | 895,782 | 1,717,403 | +821,621 |
| ISHARES TR | 0 | 89,862 | +89,862 | 0 | 6,754,028 | +6,754,028 |
| ISHARES TR | 0 | 212,394 | +212,394 | 0 | 14,258,009 | +14,258,009 |
| CISCO SYS INC | 156,167 | 149,204 | -6,963 | 10,684,946 | 11,493,184 | +808,238 |
| NORTHRIM BANCORP INC | 0 | 30,136 | +30,136 | 0 | 801,919 | +801,919 |
| NATIONAL HEALTH INVS INC | 0 | 10,500 | +10,500 | 0 | 801,885 | +801,885 |
| BANK AMERICA CORP | 227,180 | 227,456 | +276 | 11,720,238 | 12,510,127 | +789,889 |
| UNILEVER PLC | 0 | 11,865 | +11,865 | 0 | 775,971 | +775,971 |
| REV GROUP INC | 0 | 12,338 | +12,338 | 0 | 750,274 | +750,274 |
| POSTAL REALTY TRUST INC | 0 | 46,300 | +46,300 | 0 | 747,282 | +747,282 |
| ISHARES TR | 0 | 4,721 | +4,721 | 0 | 744,502 | +744,502 |
| SELECT SECTOR SPDR TR | 0 | 4,788 | +4,788 | 0 | 742,808 | +742,808 |
| KEARNY FINL CORP MD | 0 | 95,925 | +95,925 | 0 | 710,804 | +710,804 |
| WORTHINGTON ENTERPRISES INC | 0 | 13,700 | +13,700 | 0 | 706,509 | +706,509 |
| O-I GLASS INC | 0 | 47,700 | +47,700 | 0 | 704,052 | +704,052 |
| QUEST DIAGNOSTICS INC | 0 | 4,046 | +4,046 | 0 | 702,102 | +702,102 |
| OPENLANE INC | 0 | 23,100 | +23,100 | 0 | 687,918 | +687,918 |
| MOHAWK INDS INC | 0 | 6,265 | +6,265 | 0 | 684,765 | +684,765 |
| PINNACLE FINL PARTNERS INC | 0 | 7,046 | +7,046 | 0 | 672,259 | +672,259 |
| THERMO FISHER SCIENTIFIC INC | 0 | 6,871 | +6,871 | 0 | 3,981,401 | +3,981,401 |
| MILLROSE PPTYS INC | 0 | 22,192 | +22,192 | 0 | 662,875 | +662,875 |
| REGENERON PHARMACEUTICALS | 0 | 3,374 | +3,374 | 0 | 2,604,289 | +2,604,289 |
| ISHARES TR | 0 | 69,847 | +69,847 | 0 | 47,841,165 | +47,841,165 |
| BLOOM ENERGY CORP | 0 | 6,981 | +6,981 | 0 | 606,579 | +606,579 |
| ISHARES TR | 0 | 270,840 | +270,840 | 0 | 30,799,925 | +30,799,925 |
| JACKSON FINANCIAL INC | 0 | 5,477 | +5,477 | 0 | 584,122 | +584,122 |
| ASML HOLDING N V | 7,899 | 7,692 | -207 | 7,646,943 | 8,229,363 | +582,420 |