BAILARD, INC. - Synapzer

#	Name	Shares	Value ($)	%
1	3M CO	6,848	1,207	0.11%
2	ABBOTT LABS	16,584	701	0.06%
3	ABBVIE INC	5,993	378	0.03%
4	ACCENTURE PLC IRELAND	69,553	8,497	0.77%
5	ACTIVISION BLIZZARD INC	4,771	211	0.02%
6	ADECOAGRO S A	15,200	173	0.02%
7	ADOBE INC	2,228	242	0.02%
8	AERIE PHARMACEUTICALS INC COM	83,000	3,132	0.29%
9	AGENUS INC	148,000	1,063	0.10%
10	AGREE RLTY CORP COM	5,590	276	0.03%
11	AIR PRODS & CHEMS INC	1,563	235	0.02%
12	ALASKA AIR GROUP INC	57,252	3,771	0.34%
13	ALEX REAL ESTATE EQ	2,660	289	0.03%
14	ALLSTATE CORP	32,729	2,264	0.21%
15	ALPHA AND OMEGA SEMICONDUCTOR SHS	14,260	310	0.03%
16	ALPHABET INC	7,341	5,706	0.52%
17	ALPHABET INC	12,346	9,927	0.90%
18	ALTRIA GROUP INC	4,290	271	0.02%
19	AMAZON COM INC	1,546	1,294	0.12%
20	AMERICAN CAMPUS CMNTYS INC	4,800	244	0.02%
21	AMERICAN ELEC PWR INC	4,305	276	0.03%
22	AMERICAN EXPRESS CO	16,693	1,069	0.10%
23	AMERICAN NATL INS CO COM	2,400	293	0.03%
24	AMGEN INC	8,279	1,381	0.13%
25	ANGLOGOLD ASHANTI LIMITED	13,106	209	0.02%
26	APARTMENT INVT & MGMT CO	4,500	207	0.02%
27	APPLE INC	181,502	20,519	1.87%
28	ARBUTUS BIOPHARMA CORP	215,000	740	0.07%
29	AT&T INC	19,496	792	0.07%
30	AUTOMATIC DATA PROCESSING IN	5,689	502	0.05%
31	AUTOZONE INC	2,097	1,611	0.15%
32	B2GOLD CORP	42,000	43	0.00%
33	BALL CORP	19,265	1,579	0.14%
34	BANCOLOMBIA S A	17,854	697	0.06%
35	BANK AMER CORP	15,761	247	0.02%
36	BARD C R INC	1,155	259	0.02%
37	BECTON DICKINSON & CO	1,789	322	0.03%
38	BERKSHIRE HATHAWAY INC DEL	1	216	0.02%
39	BERKSHIRE HATHAWAY INC DEL	6,585	951	0.09%
40	BIODELIVERY SCIENCES INTL IN	558,000	1,507	0.14%
41	BIOGEN INC	5,056	1,583	0.14%
42	BLACKROCK INC	14,313	5,188	0.47%
43	BOEING CO	1,640	216	0.02%
44	BOSTON PROPERTIES INC	2,375	324	0.03%
45	BRISTOL MYERS SQUIBB CO	19,588	1,056	0.10%
46	BT GROUP PLC	109,124	2,775	0.25%
47	CAPITAL ONE FINL CORP	17,072	1,226	0.11%
48	CATERPILLAR INC	3,852	342	0.03%
49	CELESTICA INC	34,250	371	0.03%
50	CELGENE CORP	2,223	232	0.02%

#	Name	Shares	Value ($)	%	Options	Notes
1	BANCO MACRO SA	7,000	548	60.15%
2	BANCO BRADESCO S A	40,000	363	39.85%

#	Name	Shares	Value ($)	%
201	FEDERAL REALTY INVS	3,475	535	0.05%
202	CORE LABORATORIES N V	4,661	524	0.05%
203	ADECOAGRO S A	45,200	515	0.05%
204	DDR CORP	29,100	507	0.05%
205	ISHARES TR	5,527	503	0.05%
206	AUTOMATIC DATA PROCESSING IN	5,689	502	0.05%
207	VANGUARD WHITEHALL FDS	6,848	494	0.05%
208	ESSEX PPTY TR INC	2,139	476	0.04%
209	SPDR MSCI ACWI EX-US	14,550	473	0.04%
210	WAL-MART STORES INC	5,929	428	0.04%
211	PARAMOUNT GROUP INC COM	26,000	426	0.04%
212	KILROY RLTY CORP COM	6,000	416	0.04%
213	TARGET CORP	5,910	406	0.04%
214	ISHARES INC	7,144	401	0.04%
215	ISHARES 20 YEAR TREASURY BOND ETF	2,910	400	0.04%
216	VANGUARD SCOTTSDALE FDS	4,349	395	0.04%
217	ISHARES TR	2,256	394	0.04%
218	NORFOLK SOUTHERN CORP	4,038	392	0.04%
219	PHILIP MORRIS INTL INC	4,024	391	0.04%
220	SELECT SECTOR SPDR TR	7,323	390	0.04%
221	CYRUSONE INC	7,938	378	0.03%
222	ABBVIE INC	5,993	378	0.03%
223	ECOPETROL S A	42,700	374	0.03%
224	SUN CMNTYS INC	4,750	373	0.03%
225	CELESTICA INC	34,250	371	0.03%
226	CHUNGHWA TELECOM CO LTD	10,574	370	0.03%
227	PINNACLE WEST	4,864	370	0.03%
228	SAP SE	3,936	360	0.03%
229	SYSCO CORP	7,297	358	0.03%
230	DOW CHEM CO	6,858	355	0.03%
231	PUBLIC STORAGE	1,581	353	0.03%
232	NEXTERA ENERGY INC	2,865	350	0.03%
233	FEDERAL MOGUL HOLDINGS ORD	35,700	343	0.03%
234	CATERPILLAR INC	3,852	342	0.03%
235	ROSS STORES INC	5,290	340	0.03%
236	DIGITAL RLTY TR INC	3,485	338	0.03%
237	SELECT SECTOR SPDR TR	4,215	337	0.03%
238	RETAIL PPTYS AMER INC CL A	20,000	336	0.03%
239	QUAD/GRAPHICS INC	12,500	334	0.03%
240	REGIONS FINANCIAL CORP NEW	33,161	327	0.03%
241	ECOLAB INC	2,664	324	0.03%
242	ISHARES	9,600	324	0.03%
243	BOSTON PROPERTIES INC	2,375	324	0.03%
244	BECTON DICKINSON & CO	1,789	322	0.03%
245	SCHWAB U.S. SMALL-CAP ETF	5,558	320	0.03%
246	SL GREEN RLTY CORP	2,898	313	0.03%
247	FIRST BANCORP P R COM NEW	60,000	312	0.03%
248	ALPHA AND OMEGA SEMICONDUCTOR SHS	14,260	310	0.03%
249	ISHARES TR	11,500	304	0.03%
250	TEXAS INSTRS INC	4,308	302	0.03%