BAILARD, INC. Information

950 TOWER LANE, FOSTER CITY, California, 94404, (650) 571-5800

Report Date: 12/31/2014

Position Statistics

Total Positions 271
New Positions 38
Increased Positions 119
Decreased Positions 117
Positions with Activity 236
Sold Out Positions 41
Total Mkt Value (in $ millions) 720

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 1.08%
Capital Goods 1.16%
Conglomerates 0.34%
Consumer Cyclical 1.06%
Consumer/Non-Cyclical 1.11%
Energy 1.17%
Financial 75.44%
Healthcare 4.9%
Services 4.39%
Technology 6.68%
Transportation 1.71%
Utilities 0.08%

117 DECREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
POWERSHARES QQQ TRUST UNIT SER 1 75,991 -1,541 (1.99) 687,450
SPDR S&P 500 ETF TR TR UNIT 72,185 -8,203 (10.21) 341,058
ISHARES TR 20+ YR TR BD ETF 69,265 -677 (0.97) 536,643
VANGUARD INDEX FDS TOTAL STK MKT 44,250 -414 (0.93) 402,826
SPDR SERIES TRUST NUVN BR SHT MUNI 13,919 -2,279 (14.07) 573,251
SELECT SECTOR SPDR TR SBI INT-FINL 8,349 -101 (1.2) 343,851
VANGUARD WORLD FDS HEALTH CAR ETF 7,432 -49 (0.65) 53,550
VANGUARD WORLD FDS CONSUM DIS ETF 6,378 -46 (0.72) 50,810
SPDR SERIES TRUST NUVN BRCLY MUNI 5,879 -2,444 (29.36) 243,825
MICROSOFT CORP COM 3,932 -97 (2.4) 82,141
ISHARES TR MSCI EAFE ETF 3,866 -307 (7.35) 57,361
ALASKA AIR GROUP INC COM 3,748 -10 (0.27) 54,877
CHEVRON CORP NEW COM 3,083 -155 (4.8) 28,062
INTERNATIONAL BUSINESS MACHS COM 2,991 -159 (5.06) 17,617
ALLSTATE CORP COM 2,821 -15 (0.52) 39,760
ENANTA PHARMACEUTICALS INC COM 2,767 -631 (18.58) 74,500
NORTHROP GRUMMAN CORP COM 2,536 -3 (0.1) 15,674
VERIZON COMMUNICATIONS INC COM 2,403 -275 (10.26) 48,029
FLEXTRONICS INTL LTD ORD 2,305 -10 (0.44) 186,620
BIODELIVERY SCIENCES INTL INC COM 2,148 -194 (8.3) 232,000