Baird Financial Group, Inc.

Baird Financial Group held $64.0B across 3,212 positions, an RIA/brokerage book blending megacaps (Apple 4.0%, Microsoft 3.3%, JPMorgan 3.1%, Alphabet) with core ETFs — Vanguard Developed Markets (VEA), the iShares Russell 1000 Value (IWD) — and a Berkshire Hathaway B-share stake. The Q1 posture was net-additive, with 39 positions increased against just 7 trimmed. Beyond trimming Microsoft (-$594M), Alphabet and JPMorgan, the firm added Johnson & Johnson (+$202M), Amazon and GE Vernova. New positions in Uber, Chevron, Taiwan Semiconductor and the international VEU; exits in Mastercard, Vanguard Growth (VUG), Eli Lilly and Walmart. Assets were roughly flat at $64.0B.