Institution

Baird Financial Group, Inc.

13F for the quarter to June 30, 2026, filed August 12, 2026 · SEC CIK 1648711

Reported value: $72.7bn
Positions we cover: 1,058
Copy, a year: +14.5%
Copy Sharpe ratio: 0.76

How copying its 13F would have done

CopyS&P 500 $10,000 copying Baird Financial Group, Inc.'s filed holdings in companies we cover from August 21, 2015, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −31.9% (S&P 500 −31.8%); beta 0.98; alpha +0.2% a year (t = 0.19); last 12 months +12.4% against +12.1%.

Reported value by quarter

Baird Financial Group, Inc.: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2015-06-30	$10.2B
2015-09-30	$9.4B
2015-12-31	$10B
2016-03-31	$10.5B
2016-06-30	$10.9B
2016-09-30	$11.2B
2016-12-31	$11.5B
2017-03-31	$12.4B
2017-06-30	$12.8B
2017-09-30	$13.3B
2017-12-31	$14.1B
2018-03-31	$14.2B
2018-06-30	$14.7B
2018-09-30	$16B
2018-12-31	$14.7B
2019-03-31	$17.1B
2019-06-30	$25.7B
2019-09-30	$25.4B
2019-12-31	$27.9B
2020-03-31	$21.9B
2020-06-30	$26.5B
2020-09-30	$29.2B
2020-12-31	$33.5B
2021-03-31	$35.7B
2021-06-30	$38.5B
2021-09-30	$39.1B
2021-12-31	$42.8B
2022-03-31	$40.5B
2022-06-30	$36B
2022-09-30	$33.9B
2022-12-31	$38B
2023-03-31	$40.5B
2023-06-30	$37.9B
2023-09-30	$36.7B
2023-12-31	$43.9B
2024-03-31	$47.7B
2024-06-30	$48.2B
2024-09-30	$51.5B
2024-12-31	$52.3B
2025-03-31	$51.9B
2025-06-30	$57B
2025-09-30	$62.2B
2025-12-31	$64.2B
2026-03-31	$64B
2026-06-30	$72.7B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
AAPLApple Inc.	4.04%	$2.9bn	10.16M	+1.6% Added
JPMJPMorgan Chase	3.06%	$2.2bn	6.81M	+1.8% Added
MSFTMicrosoft Corporation	2.99%	$2.2bn	5.84M	+0.9% Added
GEVGE Vernova	2.27%	$1.6bn	1.40M	+2.2% Added
AMZNAmazon	1.87%	$1.4bn	5.71M	+4.5% Added
GEGE Aerospace	1.85%	$1.3bn	3.61M	+3.6% Added
JNJJohnson & Johnson	1.68%	$1.2bn	4.80M	+6.1% Added
HDThe Home Depot	1.43%	$1.0bn	2.95M	+1.3% Added
NVDANVIDIA Corporation	1.39%	$1.0bn	5.03M	+2.9% Added
PGRProgressive Corporation	1.32%	$963.4m	4.41M	+6.5% Added
METAMeta Platforms	1.32%	$958.3m	1.70M	+2.0% Added
PHParker Hannifin	1.20%	$873.8m	893.4K	+2.1% Added
SCHWCharles Schwab Corporation	1.11%	$804.8m	8.72M	+3.3% Added
AVGOBroadcom	1.05%	$760.8m	2.01M	+4.5% Added
FASTFastenal	1.03%	$747.4m	15.56M	+1.2% Added
GOOGLAlphabet Inc. (Class A)	0.95%	$692.2m	1.94M	−0.2%
TJXTJX Companies	0.93%	$678.7m	4.48M	+2.8% Added
UBERUber	0.90%	$656.6m	9.10M	+64.4% Added
TELTE Connectivity	0.90%	$652.8m	3.24M	+3.5% Added
ORLYO'Reilly Automotive	0.89%	$645.0m	7.00M	+2.4% Added
COSTCostco	0.80%	$581.9m	622.0K	+1.1% Added
UNPUnion Pacific Corporation	0.80%	$581.6m	2.14M	+3.0% Added
ABBVAbbVie	0.71%	$514.0m	2.04M	+4.7% Added
WFCWells Fargo	0.70%	$508.7m	6.16M	+2.9% Added
DISThe Walt Disney Company	0.68%	$492.0m	5.11M	+2.7% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.62%	$451.4m	945.1K	+1.2% Added
DHRDanaher Corporation	0.55%	$400.5m	2.10M	−1.1% Reduced
BACBank of America	0.55%	$397.4m	6.97M	+2.1% Added
VVisa Inc.	0.54%	$395.1m	1.15M	+4.0% Added
EXPDExpeditors International	0.50%	$365.0m	2.24M	+2.7% Added
LLYLilly (Eli)	0.50%	$364.4m	303.8K	+7.2% Added
OMCOmnicom Group	0.49%	$353.4m	4.85M	+3.0% Added
CATCaterpillar Inc.	0.44%	$319.9m	300.4K	−2.1% Reduced
CSCOCisco	0.43%	$310.4m	2.64M	−1.7% Reduced
CVXChevron Corporation	0.39%	$286.5m	1.73M	+2.9% Added
MAMastercard	0.37%	$271.4m	528.5K	−0.4%
APHAmphenol	0.35%	$255.1m	1.45M	+21.9% Added
MUMicron Technology	0.35%	$252.5m	218.7K	−19.9% Reduced
ASMLAsml Holding NV	0.35%	$251.6m	126.5K	+3.0% Added
WMTWalmart	0.34%	$247.8m	2.19M	−4.5% Reduced
LRCXLam Research	0.32%	$232.2m	535.8K	−1.7% Reduced
PGProcter & Gamble	0.31%	$225.6m	1.54M	−0.5% Reduced
ETNEaton Corporation	0.27%	$199.2m	467.5K	+0.1%
ADIAnalog Devices	0.24%	$174.9m	440.4K	−0.8% Reduced
KMXCarmax Inc	0.23%	$169.6m	3.21M	+4.5% Added
PANWPalo Alto Networks	0.22%	$160.8m	471.5K	−3.2% Reduced
MCDMcDonald's	0.22%	$157.9m	584.2K	−2.3% Reduced
BLKBlackRock	0.21%	$150.9m	156.9K	−4.1% Reduced
AMDAdvanced Micro Devices	0.19%	$139.4m	240.0K	−21.2% Reduced
PEPPepsiCo	0.19%	$137.3m	1.01M	−0.9% Reduced
MRKMerck & Co.	0.19%	$136.8m	1.06M	−8.5% Reduced
TSLATesla, Inc.	0.19%	$135.6m	322.5K	+1.8% Added
WCNWaste Connections, Inc.	0.18%	$134.7m	808.0K	+5.9% Added
TXNTexas Instruments	0.18%	$134.3m	450.5K	+1.9% Added
RTXRTX Corporation	0.18%	$132.2m	696.7K	−3.2% Reduced
ABTAbbott Laboratories	0.18%	$131.6m	1.45M	−16.4% Reduced
LINLinde plc	0.17%	$127.6m	245.9K	+17.0% Added
SBUXStarbucks	0.17%	$124.6m	1.22M	+2.5% Added
AMGNAmgen	0.17%	$123.1m	339.8K	+1.6% Added
KOThe Coca-Cola Company	0.17%	$123.0m	1.51M	+7.5% Added
SYKStryker Corporation	0.16%	$118.5m	376.3K	−1.4% Reduced
ECLEcolab	0.16%	$114.3m	410.1K	+18.8% Added
MPWRMonolithic Power Systems, Inc.	0.16%	$113.2m	81.9K	+10.3% Added
GSGoldman Sachs	0.15%	$111.5m	110.2K	+2.9% Added
VZVerizon	0.15%	$111.4m	2.63M	+6.0% Added
CPCanadian Pacific Kansas City LTD	0.15%	$109.3m	1.26M	−5.2% Reduced
PCARPaccar	0.15%	$107.1m	891.5K	−2.3% Reduced
ONCBeone Medicines Ltd.	0.14%	$105.1m	369.0K	+5.5% Added
DEDeere & Company	0.14%	$104.7m	165.1K	−0.2%
EMREmerson Electric	0.14%	$103.7m	724.6K	+0.3%
ADPAutomatic Data Processing	0.14%	$103.6m	462.7K	−2.2% Reduced
USBU.S. Bancorp	0.14%	$102.7m	1.70M	−1.3% Reduced
DELLDell Technologies	0.14%	$100.6m	233.2K	−14.8% Reduced
IBMIBM	0.14%	$99.7m	354.6K	−3.8% Reduced
AMATApplied Materials	0.13%	$95.7m	132.4K	−1.3% Reduced
DUKDuke Energy	0.13%	$95.4m	753.9K	+6.7% Added
PNCPNC Financial Services	0.13%	$94.4m	383.5K	−5.2% Reduced
BEKEKE Holdings Inc.	0.12%	$86.3m	5.94M	+5.8% Added
AEPAmerican Electric Power	0.12%	$85.5m	625.3K	−2.5% Reduced
SESea Ltd	0.12%	$84.2m	879.1K	+6.2% Added
TMOThermo Fisher Scientific	0.12%	$84.1m	167.8K	−18.9% Reduced
QCOMQualcomm	0.12%	$83.3m	450.9K	−32.0% Reduced
MDTMedtronic	0.11%	$83.1m	1.06M	−0.2%
BABoeing	0.11%	$82.1m	379.4K	+3.8% Added
EOGEOG Resources	0.11%	$80.6m	621.6K	+1.0% Added
NFLXNetflix	0.11%	$78.3m	1.10M	+44.2% Added
NEENextEra Energy	0.11%	$78.0m	888.4K	+3.1% Added
CASYCasey's	0.11%	$77.6m	97.7K	−7.9% Reduced
ITWIllinois Tool Works	0.10%	$76.4m	282.3K	−5.0% Reduced
PAYXPaychex	0.10%	$76.2m	775.0K	+0.7% Added
RYAAYRyanair Holdings PLC	0.10%	$75.0m	1.16M	−3.3% Reduced
ORCLOracle Corporation	0.10%	$74.7m	509.9K	+17.7% Added
SPGIS&P Global	0.10%	$72.6m	178.2K	−1.1% Reduced
BABAAlibaba Group Holding Ltd	0.10%	$72.4m	754.7K	+6.7% Added
GLWCorning Inc.	0.10%	$69.4m	271.8K	+96.6% Added
CBChubb Limited	0.10%	$69.1m	202.8K	−1.1% Reduced
BEBloom Energy	0.10%	$68.8m	227.4K	−18.6% Reduced
MSMorgan Stanley	0.09%	$68.4m	327.2K	+5.0% Added
ANETArista Networks	0.09%	$66.2m	389.7K	−0.5% Reduced
KLACKLA Corporation	0.09%	$66.2m	219.4K	+988.0% Added
WMWaste Management	0.09%	$65.6m	294.4K	−16.5% Reduced
WECWEC Energy Group	0.09%	$65.6m	561.8K	+1.4% Added
LHXL3Harris	0.09%	$65.0m	223.7K	−2.7% Reduced
ICEIntercontinental Exchange	0.09%	$64.1m	520.8K	−0.9% Reduced
UNHUnitedHealth Group	0.09%	$62.3m	149.8K	+41.6% Added
MSCIMSCI	0.08%	$61.2m	109.3K	−7.1% Reduced
PLTRPalantir Technologies Inc.	0.08%	$59.5m	509.6K	+37.7% Added
POWLPowell Industries Inc	0.08%	$57.0m	199.1K	+209.9% Added
SHWSherwin-Williams	0.08%	$56.8m	164.8K	−28.8% Reduced
PFEPfizer	0.08%	$55.7m	2.31M	+0.1%
CCitigroup	0.07%	$53.8m	384.3K	−0.1%
AXPAmerican Express	0.07%	$52.5m	155.1K	−2.3% Reduced
CMECME Group	0.07%	$51.8m	234.4K	−16.1% Reduced
PMPhilip Morris International	0.07%	$51.5m	284.7K	+7.1% Added
MSIMotorola Solutions	0.07%	$50.9m	122.6K	+2.1% Added
VRTVertiv	0.07%	$50.8m	151.8K	−18.5% Reduced
NUENucor	0.07%	$50.8m	227.9K	+0.1%
MRSHMarsh McLennan	0.07%	$50.5m	302.7K	−1.6% Reduced
COFCapital One	0.07%	$50.0m	249.0K	+17.0% Added
URIUnited Rentals	0.07%	$49.8m	44.0K	+7.9% Added
NOWServiceNow	0.07%	$49.7m	500.4K	+20.9% Added
ISRGIntuitive Surgical	0.07%	$49.4m	124.3K	−0.9% Reduced
RGLDRoyal Gold Inc	0.07%	$48.3m	241.9K	−0.7% Reduced
LULULululemon Athletica	0.07%	$47.2m	413.4K	+7.4% Added
WSOWatsco Inc	0.07%	$47.1m	112.9K	−7.6% Reduced
FITBFifth Third Bancorp	0.06%	$46.6m	827.3K	+1.3% Added
LMTLockheed Martin	0.06%	$46.6m	91.5K	−1.3% Reduced
UPSUnited Parcel Service	0.06%	$44.9m	417.4K	+4.9% Added
STLDSteel Dynamics	0.06%	$43.1m	187.9K	+9.9% Added
CRMSalesforce	0.06%	$42.9m	273.5K	−13.0% Reduced
LOWLowe's	0.06%	$42.4m	192.4K	−6.1% Reduced
DALDelta Air Lines	0.06%	$42.1m	450.0K	+45.1% Added
BRBroadridge Financial Solutions	0.06%	$41.4m	302.2K	−8.6% Reduced
EXPEExpedia Group	0.06%	$41.1m	160.7K	+12.9% Added
APDAir Products	0.06%	$40.7m	138.7K	+39.2% Added
AFLAflac	0.06%	$40.0m	341.4K	+12.5% Added
IDXXIdexx Laboratories	0.06%	$40.0m	76.0K	−7.9% Reduced
COPConocoPhillips	0.05%	$39.5m	380.0K	−0.2%
NSCNorfolk Southern	0.05%	$39.4m	125.1K	−0.6% Reduced
TMUST-Mobile US	0.05%	$39.1m	233.3K	+15.7% Added
INTCIntel	0.05%	$39.1m	279.7K	−5.3% Reduced
XYLXylem Inc.	0.05%	$39.0m	329.9K	+2.2% Added
MRVLMarvell Technology	0.05%	$39.0m	130.9K	−15.7% Reduced
CWCurtiss Wright Corp	0.05%	$38.7m	51.1K	−37.7% Reduced
PWRQuanta Services	0.05%	$38.1m	52.9K	−41.4% Reduced
IDCCInterdigital, Inc.	0.05%	$37.9m	133.8K	−1.5% Reduced
BROSDutch Bros Inc.	0.05%	$37.7m	524.6K	+7.4% Added
VRSKVerisk Analytics, Inc.	0.05%	$37.5m	208.9K	−6.0% Reduced
NEMNewmont	0.05%	$37.5m	401.2K	−19.3% Reduced
TGTTarget Corporation	0.05%	$37.3m	285.8K	+39.3% Added

Company	Bought (value)	Shares
UBERUber	$257.2m	3.56M
JNJJohnson & Johnson	$69.7m	274.6K
KLACKLA Corporation	$60.1m	199.2K
PGRProgressive Corporation	$59.1m	270.7K
AMZNAmazon	$58.8m	246.6K
GEGE Aerospace	$46.9m	125.6K
AAPLApple Inc.	$46.9m	162.0K
APHAmphenol	$45.8m	259.8K
JPMJPMorgan Chase	$38.9m	118.7K
POWLPowell Industries Inc	$38.6m	134.8K
GEVGE Vernova	$35.6m	30.3K
GLWCorning Inc.	$34.1m	133.6K
AVGOBroadcom	$33.0m	87.2K
FCELFuelcell Energy Inc	$31.2m	866.2K
NVDANVIDIA Corporation	$28.4m	141.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
MUMicron Technology	−$62.6m	−54.3K
MUSAMurphy USA Inc.	−$42.2m	−78.3K
QCOMQualcomm	−$39.2m	−212.0K
AMDAdvanced Micro Devices	−$37.5m	−64.5K
ENVAEnova International, Inc.	−$33.6m	−139.7K
AMKRAmkor Technology, Inc.	−$33.1m	−384.4K
PWRQuanta Services	−$26.9m	−37.3K
ABTAbbott Laboratories	−$25.7m	−283.5K
TKOTKO Group Holdings	−$24.9m	−123.5K
CWCurtiss Wright Corp	−$23.5m	−31.0K
RJFRaymond James Financial	−$22.9m	−150.8K
SHWSherwin-Williams	−$22.9m	−66.6K
RMDResMed\|	−$20.4m	−104.5K
GGGGraco Inc	−$19.7m	−260.5K
TMOThermo Fisher Scientific	−$19.7m	−39.2K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
VGVenture Global, Inc.	$15.5m	984.9K
WINGWingstop Inc.	$12.5m	80.8K
SMSM Energy Co	$11.9m	383.2K
BCCBoise Cascade Co	$11.5m	152.1K
KAIKadant Inc	$3.1m	10.7K
INSMInsmed Inc	$2.9m	17.7K
MTDRMatador Resources Co	$2.7m	42.1K
TMDXTransmedics Group, Inc.	$2.1m	21.2K
WHRWhirlpool Corp	$1.9m	35.8K
ONDSOndas Inc.	$1.5m	166.7K
WUWestern Union Co	$1.4m	161.6K
SKYDSkydance Corporation	$1.3m	143.6K
DOCSDoximity, Inc.	$1.3m	55.4K
MKTXMarketaxess Holdings Inc	$1.3m	7.8K
RESRPC Inc	$874,373	123.5K
NICENice Ltd.	$553,946	5.0K
SUISUN Communities Inc	$515,680	4.1K
CXTCrane NXT, Co.	$464,187	11.4K
CENXCentury Aluminum Co	$321,210	5.5K
KOPKoppers Holdings Inc.	$285,652	7.4K
FOURShift4 Payments, Inc.	$275,849	6.3K
AGIAlamos Gold Inc	$267,780	6.0K
CSRCenterspace	$241,060	4.2K
EXPEagle Materials Inc	$235,866	1.2K
ELThe Estée Lauder Companies	$229,593	3.2K
ZZillow Group, Inc.	$228,418	5.5K
MORNMorningstar, Inc.	$221,963	1.3K
MANHManhattan Associates Inc	$221,778	1.7K
GTMZoominfo Technologies Inc.	$217,331	36.3K
MIRMMirum Pharmaceuticals, Inc.	$212,936	2.3K

Technology25.9%
Industrials21.9%
Financials16.0%
Consumer Discretionary11.3%
Health Care9.1%
Communication Services6.5%
Consumer Staples4.0%
Materials1.8%
Energy1.6%
Utilities1.2%
Real Estate0.6%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 21, 2015 to November 2, 2026	+14.5%	+14.6%	0.76	0.76	−31.9%	0.98
2018 onwardsJanuary 5, 2018 to November 2, 2026	+13.7%	+13.9%	0.66	0.66	−31.9%	0.97
Last three yearsNovember 3, 2023 to November 2, 2026	+19.0%	+21.8%	1.07	1.16	−15.1%	0.87
Last yearNovember 7, 2025 to November 2, 2026	+13.8%	+14.2%	0.91	0.84	−8.1%	0.77

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.