Bailard, Inc. Buys iShares 20+ Year Treasury Bond ETF, SPDR Gold Trust, SPDR Nuveen Bloomberg Barclays Short Term Municipa, Sells SPDR S&P 500, iShares U.S. Real Estate, iShares Russell 2000 Value

• New Purchases: 2IS, ZGNX, CRSP, RWO, VLO, SUSA, HARP, SJM, DOCU, SPTS, MRSN, 5GD, AVDL, SLYV, SHY, CUZ, ZTO, DEI, AMT, SNY, AEGN, ORI, TTEC, WRK, NXGN, PFS, AEP, UNM, LOGM, VIPS, QTS, JD, NSA, NVT, FDEF, AES, ANDE, ANSS, ADSK, CRUS, INGR, DAR, ESGR, ELS, CIVB, NHC, HURN, IRET, KEY, NRG, MMS, MEI, LBAI, AMKR, PLAB, MYE, MOD, OPRT, BRT, FRBK, MBT, SMSI, CSTR, FTAI, AMRK, SPOK, MCBC, NPTN, LGL, GRBK, DRH, CTG, EVC,
• Added Positions: TLT, GLD, SHM, MBB, AMZN, AKAM, GIS, ACWX, PG, XLRE, SCHF, SGMO, V, IJS, MUB, MU, ASMB, ARDX, VTI, JNJ, QCOM, IWM, DHR, GILD, KMB, PGR, BABA, VKTX, CVS, UNP, DTIL, IGF, VFH, VOX, PLD, BMY, MRK, NVDA, NTES, DGX, IVV, ALL, EA, ITW, AVLR, ESTC, IGM, LNT, AZN, BBVA, BDX, KO, CMI, ECL, ENB, THFF, FMS, GSK, IBCP, LOGI, NSC, PGC, PEBO, RIO, SBAC, SWX, TDS, TBBK, TOT, TM, TCBK, UL, VZ, WM, WBS, AAT, ABBV, CONE, ESPR, FGEN, MGTA, IJR, SCHG, VB, VDE, VYM, FNHC, MMM, ACCO, AMGN, BHP, BANR, BIIB, CAJ, SCHW, CMCSA, NNN, DLR, DIOD, FORM, HSIC, NSIT, MDLZ, LOW, MDU, MUFG, SIVB, CRM, SCSC, SNE, LUV, TKR, TG, PHYS, AT, NOW, SRC, IRT, TPRE, NXRT, KURA, NTB, IIPR, APLS, TRTN, GII, SUSB, SUSC, VIG,
• Reduced Positions: SPY, IYR, IWN, SPSB, IGIB, AGG, VEU, IGSB, VBR, CBRE, CFG, VNQ, QQQ, AVGO, ARNA, IOVA, AAPL, MSFT, SCHA, VIS, TGT, XLF, FB, IEMG, ORCL, NXPI, GVI, SCHE, VDC, VWO, ASML, CR, GOOGL, JPM, DIS, COP, KLAC, HII, SE, VAW, VCR, CVX, HUM, WFC, TEL, RNG, GOOG, EEM, IWR, TFI, VGT, VOO, ACN, ADC, BRK.B, CSCO, HD, MDT, PNC, PFE, SYY, TJX, EC, COR, TSG, AVAL, HUBS, VYGR, TWLO, EFA, IJH, OEF, VEA, VHT, VNM, VPU, AVY, BLL, BAC, BA, BPFH, CPF, CL, XOM, HPQ, HON, IBKC, LMT, MTG, MANT, MKC, NKE, PPG, PEP, LIN, PRGS, RDN, TRV, SBUX, SYK, TMO, UNH, WAT, MA, DFS, TPH, ETSY, PYPL, PRSP, PRVB, ARVN, DSI, DVY, ICF, IEFA, IVW, SCHB, SCHX, SDY, XLK, ABT, APD, AXP, AZO, BKH, CAT, CLX, ED, DUK, FR, FBC, GD, IBM, INTC, JBL, NWE, NVS, BPOP, ROST, UPS, RTX, WMT, XEL, POR, GLDD, OESX, XLRN, SCYX, ATKR, FTV, CWI, IBB, IYJ, SCHH, VNQI, VV, XBI, XLP, XLV, XLY,
• Sold Out: ARQL, VCIT, IR, WH, PSX, CYBR, IGLB, EOG, NTAP, ARWR, CHD, CIB, MDCO, BIL, DBVT, CTSH, PLAN, ABEV, LEA, QLYS, VCSH, HIW, PINS, HTH, AIT, ASB, BLDR, VALE, EGP, EPR, FRME, KELYA, KFY, PSB, KMPR, WSBC, OMAB, ACM, SEM, SBRA, REXR, OMF, NAVI, ACA, SCHD, SRLN, AXL, AXE, ABR, ARW, AVT, CACI, CBT, UFS, NPO, EXAS, BUSE, GPK, ILMN, BCOR, JBLU, KRC, KNL, MD, PWR, RMBS, SPG, SAH, STLD, SCS, SHOO, SNX, UAL, KOP, OC, HI, DAN, KRA, CIT, HCA, LPG, EXTN, HRI, NMRK, FLRN, HDV, IYZ, JPST, XLE, XLI, CLFD, MO, CRMT, BOCH, BZH, APYX, CRAI, CPT, COF, PRDO, FIS, C, CMLS, DCI, ETN, EME, FITB, FBP, GE, ITGR, ING, JOUT, KLIC, LPT, MCHX, EPM, OLP, PCTI, GLT, MEET, REG, RBCAA, STC, SBOW, TROW, GL, UMBF, USB, UVSP, VLY, XRX, ORN, MG, QNST, RCM, ASPU, RYI, TLYS, AKBA, FPL, MR, SIEN, HABT, ONDK, CDTX, CHCT, JAX, USFD, INSW, LAUR, DOW, EWU, XLB, XLU, JVA, CPIX, FLDM,

For the details of BAILARD, INC.'s stock buys and sells, go to https://www.gurufocus.com/guru/bailard%2C+inc./current-portfolio/portfolio

1. PowerShares QQQ Trust Ser 1 (QQQ) - 357,254 shares, 5.10% of the total portfolio. Shares reduced by 4.2%
2. iShares 20+ Year Treasury Bond ETF (TLT) - 390,491 shares, 4.83% of the total portfolio. Shares added by 6258.75%
3. SPDR Gold Trust (GLD) - 383,141 shares, 4.25% of the total portfolio. Shares added by 9353.27%
4. Microsoft Corp (MSFT) - 351,732 shares, 4.16% of the total portfolio. Shares reduced by 4.22%
5. Apple Inc (AAPL) - 187,572 shares, 3.58% of the total portfolio. Shares reduced by 4.09%

Bailard, Inc. initiated holding in Trane Technologies PLC. The purchase prices were between $65 and $103.98, with an estimated average price of $91.12. The stock is now traded at around $81.00. The impact to a portfolio due to this purchase was 0.24%. The holding were 38,563 shares as of .

Bailard, Inc. initiated holding in Zogenix Inc. The purchase prices were between $17.8 and $56.59, with an estimated average price of $36.87. The stock is now traded at around $24.99. The impact to a portfolio due to this purchase was 0.22%. The holding were 117,000 shares as of .

Bailard, Inc. initiated holding in SPDR DJ Wilshire Global Real Estate. The purchase prices were between $30.12 and $53.58, with an estimated average price of $48.01. The stock is now traded at around $36.88. The impact to a portfolio due to this purchase was 0.17%. The holding were 61,813 shares as of .

Bailard, Inc. initiated holding in CRISPR Therapeutics AG. The purchase prices were between $33.68 and $62.53, with an estimated average price of $51.94. The stock is now traded at around $48.74. The impact to a portfolio due to this purchase was 0.17%. The holding were 53,000 shares as of .

Bailard, Inc. initiated holding in Valero Energy Corp. The purchase prices were between $32.62 and $96.89, with an estimated average price of $73.41. The stock is now traded at around $45.04. The impact to a portfolio due to this purchase was 0.16%. The holding were 48,360 shares as of .

Bailard, Inc. initiated holding in iShares MSCI USA ESG Select. The purchase prices were between $95.06 and $141.74, with an estimated average price of $129.1. The stock is now traded at around $117.72. The impact to a portfolio due to this purchase was 0.11%. The holding were 13,615 shares as of .

Bailard, Inc. added to a holding in iShares 20+ Year Treasury Bond ETF by 6258.75%. The purchase prices were between $135.48 and $171.29, with an estimated average price of $148.44. The stock is now traded at around $170.04. The impact to a portfolio due to this purchase was 4.75%. The holding were 390,491 shares as of .

Bailard, Inc. added to a holding in SPDR Gold Trust by 9353.27%. The purchase prices were between $138.04 and $157.81, with an estimated average price of $148.89. The stock is now traded at around $161.04. The impact to a portfolio due to this purchase was 4.21%. The holding were 383,141 shares as of .

Bailard, Inc. added to a holding in SPDR Nuveen Bloomberg Barclays Short Term Municipa by 321.42%. The purchase prices were between $43.92 and $49.69, with an estimated average price of $48.97. The stock is now traded at around $49.16. The impact to a portfolio due to this purchase was 2.52%. The holding were 900,554 shares as of .

Bailard, Inc. added to a holding in iShares MBS ETF by 45.63%. The purchase prices were between $105.3 and $110.44, with an estimated average price of $108.82. The stock is now traded at around $110.19. The impact to a portfolio due to this purchase was 0.84%. The holding were 325,174 shares as of .

Bailard, Inc. added to a holding in Amazon.com Inc by 65.81%. The purchase prices were between $1676.61 and $2170.22, with an estimated average price of $1936.38. The stock is now traded at around $2400.96. The impact to a portfolio due to this purchase was 0.45%. The holding were 7,700 shares as of .

Bailard, Inc. added to a holding in Akamai Technologies Inc by 395.59%. The purchase prices were between $80.05 and $102.56, with an estimated average price of $92.76. The stock is now traded at around $106.10. The impact to a portfolio due to this purchase was 0.34%. The holding were 61,949 shares as of .

Bailard, Inc. sold out a holding in Arqule Inc. The sale prices were between $19.96 and $20.04, with an estimated average price of $20.

Bailard, Inc. sold out a holding in Vanguard Intermediate-Term Corporate Bond ETF. The sale prices were between $79.78 and $94.82, with an estimated average price of $91.21.

Bailard, Inc. sold out a holding in Ingersoll Rand Inc. The sale prices were between $71.26 and $117.82, with an estimated average price of $101.89.

Bailard, Inc. sold out a holding in Wyndham Hotels & Resorts Inc. The sale prices were between $21.59 and $62.81, with an estimated average price of $51.32.

Bailard, Inc. sold out a holding in Phillips 66. The sale prices were between $42.09 and $112.2, with an estimated average price of $82.3.

Bailard, Inc. sold out a holding in CyberArk Software Ltd. The sale prices were between $72.78 and $142.97, with an estimated average price of $115.73.