BAILARD, INC.

Q4 2025 13F-HR Holdings

Location
Foster City, CA
Holdings as of
12/31/2025
Date filed
2/4/2026
Form type
13F-HR
Num holdings
744
Total value ($000)
$4,516,541
Net value change ($000)
-85,535 (-1.9%)
New positions
124
Sold out positions
157
Turnover %
3.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/30/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 30,504 26.8%
VTIP 26,644 NEW
GILD 15,839 21.3%
GLD 11,075 9.9%
AAPL 9,316 4.3%
SUB 8,232 63.0%
JMTG 7,756 11.7%
GOVT 7,213 20.0%
GOOGL 6,893 28.2%
AVGO 5,776 15.3%
Top Reduces (Value $000, Stocks/ETFs)
META -20,156 -33.3%
VOO -19,204 -31.2%
MSFT -18,697 -8.4%
NVDA -15,353 -8.3%
ORCL -11,396 -48.2%
EFA -11,058 -8.3%
FISV -10,659 -97.0%
VWO -10,511 -39.2%
IJH -9,254 -31.3%
HD -6,751 -17.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type