BAILARD, INC. - Synapzer

#	Name	Shares	Value ($)	%
1	POWERSHARES QQQ TRUST	509,230	60,456	5.51%
2	ISHARES TR	1,540,944	57,708	5.26%
3	ISHARES TR	524,997	54,993	5.01%
4	SPDR GOLD TR	437,116	54,918	5.01%
5	VANGUARD INDEX FDS	457,132	50,892	4.64%
6	ISHARES TR	413,702	46,508	4.24%
7	SPDR SER TR	500,658	24,457	2.23%
8	APPLE INC	181,502	20,519	1.87%
9	SPDR SER TR	359,078	17,983	1.64%
10	ISHARES TR	136,537	16,479	1.50%
11	ISHARES TR	128,813	16,077	1.47%
12	MICROSOFT CORP	265,492	15,292	1.39%
13	SPDR S&P 500 ETF TR	69,607	15,056	1.37%
14	ISHARES TR	118,231	13,341	1.22%
15	JOHNSON & JOHNSON	95,794	11,316	1.03%
16	VANGUARD WORLD FD	88,968	10,709	0.98%
17	GLAXOSMITHKLINE PLC	500,000	10,671	0.97%
18	ISHARES TR	67,069	10,376	0.95%
19	FACEBOOK INC	78,996	10,133	0.92%
20	ALPHABET INC	12,346	9,927	0.90%
21	VANGUARD INTL EQUITY INDEX F	211,797	9,622	0.88%
22	ISHARES TR	51,810	9,031	0.82%
23	ACCENTURE PLC IRELAND	69,553	8,497	0.77%
24	JPMORGAN CHASE & CO	126,710	8,438	0.77%
25	VANGUARD INDEX FDS	96,559	8,376	0.76%
26	ISHARES TR	38,216	8,314	0.76%
27	VANGUARD SCOTTSDALE FDS	99,374	8,005	0.73%
28	VANGUARD INTL EQUITY INDEX F	205,510	7,733	0.70%
29	HOME DEPOT INC	59,684	7,680	0.70%
30	VANGUARD WORLD FDS	55,865	7,647	0.70%
31	VANGUARD WORLD FD	55,734	7,407	0.68%
32	VANGUARD TAX-MANAGED FDS	196,652	7,357	0.67%
33	CISCO SYS INC	231,621	7,347	0.67%
34	VANGUARD WORLD FDS	55,529	6,982	0.64%
35	INTEL CORP	181,053	6,835	0.62%
36	SELECT SECTOR SPDR TR	351,623	6,786	0.62%
37	VISA INC	79,353	6,563	0.60%
38	UNITED PARCEL SERVICE INC	57,831	6,324	0.58%
39	DISCOVER FINL SVCS	106,627	6,030	0.55%
40	VANGUARD WORLD FDS	53,417	5,924	0.54%
41	PNC FINL SVCS GROUP INC	65,498	5,901	0.54%
42	GENERAL MLS INC	90,522	5,783	0.53%
43	ALPHABET INC	7,341	5,706	0.52%
44	MEDTRONIC PLC	65,971	5,700	0.52%
45	KIMBERLY CLARK CORP	43,019	5,426	0.49%
46	EXXON MOBIL CORP	61,602	5,377	0.49%
47	NXP SEMICONDUCTORS N V	52,657	5,372	0.49%
48	COSTCO WHSL CORP NEW	34,826	5,311	0.48%
49	DISNEY WALT CO	57,113	5,304	0.48%
50	TJX COS INC NEW	69,401	5,190	0.47%

#	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 ($)	%
51	APARTMENT INVT & MGMT CO	4,500	207	0.02%
52	CORE LABORATORIES N V	4,661	524	0.05%
53	SUN CMNTYS INC	4,750	373	0.03%
54	WATERS CORP	4,751	753	0.07%
55	ACTIVISION BLIZZARD INC	4,771	211	0.02%
56	AMERICAN CAMPUS CMNTYS INC	4,800	244	0.02%
57	PINNACLE WEST	4,864	370	0.03%
58	NATIONAL RETAIL PPTYS INC	5,000	254	0.02%
59	BIOGEN INC	5,056	1,583	0.15%
60	TATA MTRS LTD	5,162	206	0.02%
61	ISHARES	5,200	302	0.03%
62	MONDELEZ INTL INC	5,225	229	0.02%
63	ROSS STORES INC	5,290	340	0.03%
64	ISHARES TR	5,527	503	0.05%
65	SCHWAB U.S. SMALL-CAP ETF	5,558	320	0.03%
66	AGREE RLTY CORP COM	5,590	276	0.03%
67	SPDR INDEX SHS FDS	5,600	269	0.02%
68	AUTOMATIC DATA PROCESSING IN	5,689	502	0.05%
69	HONEYWELL INTL INC	5,837	681	0.06%
70	TARGET CORP	5,910	406	0.04%
71	WAL-MART STORES INC	5,929	428	0.04%
72	ABBVIE INC	5,993	378	0.03%
73	KILROY RLTY CORP COM	6,000	416	0.04%
74	ISHARES TR NEW YORK MUN ETF	6,075	693	0.06%
75	VANGUARD INDEX FDS	6,300	625	0.06%
76	HUMANA INC	6,330	1,120	0.10%
77	BERKSHIRE HATHAWAY INC DEL	6,585	951	0.09%
78	3M CO	6,848	1,207	0.11%
79	VANGUARD WHITEHALL FDS	6,848	494	0.05%
80	DOW CHEM CO	6,858	355	0.03%
81	WNS HOLDINGS LTD	7,000	210	0.02%
82	UNITED TECHNOLOGIES CORP	7,046	716	0.07%
83	VANECK VECTORS ETF TR	7,100	265	0.02%
84	ISHARES INC	7,144	401	0.04%
85	SYSCO CORP	7,297	358	0.03%
86	SELECT SECTOR SPDR TR	7,323	390	0.04%
87	ALPHABET INC	7,341	5,706	0.53%
88	MCDONALDS CORP	7,375	851	0.08%
89	SPDR S&P MIDCAP 400 ETF TR	7,437	2,099	0.19%
90	PEPSICO INC	7,701	838	0.08%
91	TRAVELERS COMPANIES INC	7,826	896	0.08%
92	SELECT SECTOR SPDR TR	7,902	570	0.05%
93	CYRUSONE INC COM	7,938	378	0.03%
94	GENERAL GROWTH	8,000	221	0.02%
95	GENERAL DYNAMICS CORP	8,003	1,242	0.11%
96	NORTHROP GRUMMAN CORP	8,007	1,713	0.16%
97	ISHARES TR	8,102	1,006	0.09%
98	AMGEN INC	8,279	1,381	0.13%
99	CREDICORP LTD	8,557	1,302	0.12%
100	NETEASE INC	9,000	2,167	0.20%