SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Baird Financial Group, Inc.

CIK 0001648711 · 777 E. WISCONSIN AVENUE, MILWAUKEE, WI, 53202 · 414-765-3500

Reported Value
$37.9B
Q2 2023
Positions
3,794
Filings on Record
31
2019–present window
Filed
Aug 11, 2023
original filing

Summary

Baird Financial Group, Inc. reported $37.9B in U.S.-listed holdings across 3,794 positions for Q2 2023.

Its largest position, MSFT, represents 2.6% of the portfolio.

Compared with Q1 2023, the fund opened 99 new positions and exited 97.

Portfolio Metrics

Turnover
+6.5%
vs prior filed quarter
Top-10 Concentration
+16.8%
share of reported value
Largest Position
+2.6%
Microsoft
New / Exited
99 / 97
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $14.7BQ4 ’18Q1 ’19: $17.1BQ2 ’19: $25.7BQ3 ’19: $25.4BQ4 ’19: $27.9BQ4 ’19Q1 ’20: $21.9BQ2 ’20: $27.1BQ3 ’20: $29.2BQ4 ’20: $33.5BQ4 ’20Q1 ’21: $35.7BQ2 ’21: $38.5BQ3 ’21: $39.1BQ4 ’21: $42.8BQ4 ’21Q1 ’22: $40.5BQ2 ’22: $36.0BQ3 ’22: $33.9BQ2 ’23: $37.9BQ2 ’23Q3 ’23: $36.7BQ4 ’23: $43.9BQ1 ’24: $47.7BQ2 ’24: $48.2BQ2 ’24Q3 ’24: $51.5BQ4 ’24: $52.3BQ1 ’25: $51.9BQ2 ’25: $57.0BQ2 ’25Q3 ’25: $62.2BQ4 ’25: $64.2BQ1 ’26: $64.0Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 69.6%ETP: 25.2%Other: 3.1%ADR: 1.0%REIT: 0.6%Other: 0.4%
  • Common Stock · 69.6% · $26.4B
  • ETP · 25.2% · $9.5B
  • Other · 3.1% · $1.2B
  • ADR · 1.0% · $393M
  • REIT · 0.6% · $240M
  • Other · 0.4% · $168M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GTMZOOMINFO TECHS INCNEW+1.63M1.63M+$41M$41M
BSYBENTLEY SYS INC COM CL BNEW+730.4K730.4K+$40M$40M
JPIBJPM GLB BD OPPTY ETFNEW+181.1K181.1K+$8M$8M
SMSM ENERGY COMPANYNEW+218.0K218.0K+$7M$7M
FT INSTL PFD SECS ETFNEW+382.1K382.1K+$6M$6M
MTHMERITAGE HOMES CORP COMNEW+42.4K42.4K+$6M$6M
S24SELECT MEDICAL HOLDINGS CORPNEW+151.2K151.2K+$5M$5M
PLXSPLEXUS CORP COMNEW+46.1K46.1K+$5M$5M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2023

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COMMON4.31%$1.6B4.80M
2AAPLAPPLE COMPUTER INChistory →COMMON2.51%$951M4.90M
3AAPLAPPLE INChistory →COMMON1.93%$730M3.77M
4GOOGALPHABET INChistory →COMMON1.75%$663M5.48M
5HDHOME DEPOT INChistory →COMMON1.74%$659M2.12M
6ISHARES 1000 GROWTH RUSSELLCOMMON1.72%$653M2.37M
7JNJJOHNSON JOHNSONhistory →COMMON1.66%$631M3.81M
8ISHARES 1000 VALUE RUSSELLCOMMON1.50%$568M3.60M
9JPMJPMORGAN CHASE COhistory →COMMON1.27%$480M3.30M
10VANGUARD TAX-MANAGED FD EUROPECOMMON1.20%$454M9.83M
11PGRPROGRESSIVE CORP OHhistory →COMMON1.16%$438M3.31M
12BRK/BBERKSHIRE HATHAWAY INChistory →COMMON1.15%$434M1.27M
13ISHARES MIDCAP RUSSELLCOMMON1.08%$409M5.61M
14VNGRD SP 500 NEW ETFCOMMON0.90%$343M841.2K
15ORLYO REILLY AUTOMOTIVE INChistory →COMMON0.84%$317M332.2K
16SCHWSCHWAB CHARLES CORP NEWhistory →COMMON0.74%$280M4.94M
17JPMJ.P. MORGAN CHASE COhistory →COMMON0.72%$273M1.88M
18FASTFASTENAL COhistory →COMMON0.72%$271M4.60M
19TE CONNECTIVITY LTDCOMMON0.71%$270M1.93M
20MRKMERCK COMPANYhistory →COMMON0.66%$249M2.16M
21ISHS CORE MSCI EAFE ETFCOMMON0.65%$245M3.64M
22BRK/BBERKSHIRE HATHAWAY INC DEL CLhistory →COMMON0.64%$243M712.2K
23SP 500 DEPOSITARY RECEIPTCOMMON0.64%$242M546.8K
24VANGUARD FTSE DEVELOPEDCOMMON0.63%$240M5.20M
25COSTCOSTCO WHSL CORP NEWhistory →COMMON0.63%$240M445.6K
26TJXTJX COS INC NEWhistory →COMMON0.63%$240M2.83M
27ABBVABBVIE INChistory →COMMON0.62%$235M1.75M
28AMZNAMAZON COM INChistory →COMMON0.60%$227M1.74M
29PHPARKER-HANNIFIN CORPhistory →COMMON0.59%$225M577.7K
30VVISA INC CLASS Ahistory →COMMON0.59%$223M938.1K
31GENERAL ELECTRIC COCOMMON0.58%$218M1.99M
32DISWALT DISNEY COhistory →COMMON0.57%$216M2.42M
33OMCOMNICOM GROUP INChistory →COMMON0.54%$206M2.17M
34CHVCHEVRON CORPORATIONhistory →COMMON0.54%$205M1.30M
35PEPPEPSICO INChistory →COMMON0.53%$200M1.08M
36UNPUNION PACIFIC CORPhistory →COMMON0.50%$191M932.4K
37VANGUARD INTERMEDIATE BDCOMMON0.50%$189M2.51M
38ISHARES TR SP 500 INDX FDCOMMON0.50%$189M423.6K
39ISHARES 2000 INDEX RUSSELLCOMMON0.48%$182M971.5K
40EXPDEXPEDITORS INTL WASH INChistory →COMMON0.47%$178M1.47M
41ABTABBOTT LABORATORIEShistory →COMMON0.45%$169M1.55M
42PFEPFIZER INChistory →COMMON0.43%$164M4.47M
43VTVVANGUARD VALUE ETFhistory →COMMON0.42%$160M1.13M
44CSCOCISCO SYS INChistory →COMMON0.42%$160M3.09M
45ISHS CORE SP MDCP ETFCOMMON0.40%$153M585.0K
46PGPROCTER GAMBLE COhistory →COMMON0.39%$150M985.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$64.0B3,212May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$64.2B3,138Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$62.2B3,144Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$57.0B3,057Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$51.9B2,973May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$52.3B3,237Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$51.5B2,504Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$48.2B2,930Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$47.7B2,873May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$43.9B2,793Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$36.7B3,844Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$37.9B3,794Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review3,721May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review3,687Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$33.9B3,716Nov 15, 202213F-HRchanges · EDGAR ↗
Q2 2022$36.0B3,423Aug 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$40.5B3,332May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$42.8B2,669Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$39.1B2,602Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$38.5B2,447Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$35.7B2,355May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$33.5B2,216Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$29.2B2,098Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$27.1B2,237Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$21.9B2,074May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$27.9B2,146Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$25.4B2,636Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$25.7B2,624Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$17.1B1,363May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$14.7B1,385Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 8 additional managers.

  • RiverFront Investment Group, LLC028-13577
  • Greenhouse Funds LLLP028-17931
  • BAIRD ROBERT W & CO INC /WI/028-01911
  • Baird Financial Corporation
  • Strategas Asset Management, LLC
  • BAIRD TRUST Co028-13162
  • Gamma Investing LLC
  • Vident Investment Advisory, LLC028-16741

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.