# Baird Financial Group, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1648711. Source: https://holderbook.com/funds/1648711-baird-financial-group-inc/

- Reported value: $72.7B
- Positions: 1,924
- Weight of the ten largest: 25.4%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.9B | 10,163,392 | 4.0% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.2B | 6,806,039 | 3.1% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.2B | 6,271,798 | 3.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.2B | 5,836,049 | 3.0% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.6B | 1,403,302 | 2.3% | 9 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.6B | 22,461,369 | 2.2% | 31 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.5B | 6,192,377 | 2.1% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.4B | 11,588,776 | 2.0% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.4B | 2,750,549 | 1.9% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.4B | 5,708,507 | 1.9% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.3B | 3,605,851 | 1.9% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.2B | 4,799,159 | 1.7% | 31 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.2B | 10,660,298 | 1.6% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.0B | 2,953,823 | 1.4% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.0B | 5,033,805 | 1.4% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $979.4M | 6,603,976 | 1.3% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $963.4M | 4,410,275 | 1.3% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $958.3M | 1,701,240 | 1.3% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $873.8M | 893,395 | 1.2% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $804.8M | 8,722,348 | 1.1% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $760.8M | 2,014,004 | 1.0% | 31 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $747.4M | 15,561,007 | 1.0% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $692.2M | 1,936,794 | 1.0% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $678.7M | 4,479,945 | 0.9% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $666.2M | 970,022 | 0.9% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $660.3M | 881,643 | 0.9% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $656.6M | 9,099,343 | 0.9% | 29 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $652.8M | 3,237,914 | 0.9% | 8 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $648.1M | 11,135,791 | 0.9% | 31 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $645.0M | 7,003,675 | 0.9% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $622.2M | 6,442,419 | 0.9% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $608.2M | 7,359,239 | 0.8% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $581.9M | 622,012 | 0.8% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $581.6M | 2,138,390 | 0.8% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $514.0M | 2,042,445 | 0.7% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $508.7M | 6,155,916 | 0.7% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $492.0M | 5,112,100 | 0.7% | 31 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $473.8M | 6,176,904 | 0.7% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $465.1M | 622,868 | 0.6% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $451.4M | 945,101 | 0.6% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $448.7M | 7,517,951 | 0.6% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $400.5M | 2,102,554 | 0.6% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $397.4M | 6,974,169 | 0.5% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $395.1M | 1,151,707 | 0.5% | 31 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $365.0M | 2,239,665 | 0.5% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $364.4M | 303,814 | 0.5% | 31 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $353.4M | 4,852,121 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $353.2M | 954,429 | 0.5% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $349.7M | 4,175,467 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $347.3M | 4,032,317 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $327.7M | 1,503,856 | 0.5% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $319.9M | 300,443 | 0.4% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $310.4M | 2,642,931 | 0.4% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $290.0M | 393,771 | 0.4% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $286.5M | 1,728,643 | 0.4% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $271.4M | 528,506 | 0.4% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $271.3M | 3,518,181 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $256.0M | 844,581 | 0.4% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $255.1M | 1,446,839 | 0.4% | 24 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $252.5M | 218,749 | 0.3% | 31 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $252.2M | 2,666,597 | 0.3% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $251.6M | 126,484 | 0.3% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $247.8M | 2,187,871 | 0.3% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $232.2M | 535,780 | 0.3% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $225.6M | 1,538,711 | 0.3% | 31 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $204.4M | 2,670,449 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $201.4M | 2,499,328 | 0.3% | 31 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $199.8M | 6,659,159 | 0.3% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $199.2M | 467,540 | 0.3% | 31 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $198.1M | 4,466,378 | 0.3% | 21 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $193.9M | 2,340,498 | 0.3% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $181.0M | 1,323,923 | 0.2% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $174.9M | 440,359 | 0.2% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $170.5M | 567,640 | 0.2% | 31 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $169.6M | 3,207,134 | 0.2% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $160.8M | 471,534 | 0.2% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $157.9M | 584,204 | 0.2% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $155.3M | 1,494,850 | 0.2% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $152.5M | 965,211 | 0.2% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $150.9M | 156,897 | 0.2% | 7 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $150.6M | 636,627 | 0.2% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $139.4M | 240,012 | 0.2% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $137.3M | 1,013,808 | 0.2% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $136.8M | 1,064,683 | 0.2% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $135.6M | 322,476 | 0.2% | 31 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $134.7M | 807,983 | 0.2% | 27 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $134.3M | 450,499 | 0.2% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $132.2M | 696,651 | 0.2% | 25 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $131.6M | 1,450,388 | 0.2% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $127.6M | 245,945 | 0.2% | 14 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $124.6M | 1,218,998 | 0.2% | 31 |
| BROOKFIELD RENEWABLE CORP | [BEPC](https://holderbook.com/stocks/BEPC/) | $123.8M | 3,335,117 | 0.2% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $123.1M | 339,825 | 0.2% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $123.0M | 1,513,555 | 0.2% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $118.5M | 376,287 | 0.2% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $114.3M | 410,098 | 0.2% | 31 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $113.2M | 81,895 | 0.2% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $111.5M | 110,233 | 0.2% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $111.4M | 2,631,065 | 0.2% | 31 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $109.3M | 1,261,576 | 0.2% | 13 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.6% | +14.8% | -4.2% | 100% |
| Q1 2026 | -2.8% | -4.6% | +1.8% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.9% | 100% |
| Q3 2025 | +7.1% | +7.8% | -0.7% | 100% |
| Q2 2025 | +7.9% | +10.5% | -2.6% | 100% |
| Q1 2025 | -1.7% | -4.6% | +2.8% | 100% |
| Q4 2024 | +0.1% | +2.1% | -2.1% | 100% |
| Q3 2024 | +6.6% | +5.4% | +1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $72.7B | 1,924 |
| Q1 2026 | $64.0B | 1,826 |
| Q4 2025 | $64.2B | 1,786 |
| Q3 2025 | $62.2B | 1,794 |
| Q2 2025 | $57.0B | 1,765 |
| Q1 2025 | $51.9B | 1,753 |
| Q4 2024 | $52.3B | 1,746 |
| Q3 2024 | $51.5B | 1,747 |
| Q2 2024 | $48.2B | 1,753 |
| Q1 2024 | $47.7B | 1,750 |
| Q4 2023 | $43.9B | 1,706 |
| Q3 2023 | $36.7B | 1,705 |