INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

BAILARD, INC.'s Holding History (CIK: 0000750641)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 14,191 Value ($000) $4,204 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 13,407 Value ($000) $3,783 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 12,030 Value ($000) $3,546 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 14,323 Value ($000) $3,562 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 8,780 Value ($000) $1,930 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 8,778 Value ($000) $1,941 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 9,839 Value ($000) $1,702 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 10,470 Value ($000) $1,999 Avg Close $172.56 Range $148.54 - $189.10

Q4 2023

Shares 5,147 Value ($000) $842 Avg Close $141.50 Range $126.39 - $156.49

Q3 2023

Shares 5,372 Value ($000) $754 Avg Close $131.75 Range $120.98 - $141.33

Q2 2023

Shares 6,113 Value ($000) $818 Avg Close $118.05 Range $110.47 - $128.27

Q1 2023

Shares 7,988 Value ($000) $1,047 Avg Close $120.73 Range $110.43 - $131.92

Q4 2022

Shares 7,902 Value ($000) $1,113 Avg Close $123.05 Range $102.35 - $137.32

Q3 2022

Shares 8,134 Value ($000) $966 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 7,382 Value ($000) $1,042 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 7,412 Value ($000) $964 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 7,412 Value ($000) $991 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 8,665 Value ($000) $1,204 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 8,650 Value ($000) $1,268 Avg Close $113.44 Range $102.70 - $121.73

Q1 2021

Shares 8,353 Value ($000) $1,113 Avg Close $98.07 Range $91.22 - $107.97

Q4 2020

Shares 9,003 Value ($000) $1,133 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 8,996 Value ($000) $1,095 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 8,740 Value ($000) $1,055 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 8,476 Value ($000) $940 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 8,852 Value ($000) $1,186 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 9,411 Value ($000) $1,369 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 9,524 Value ($000) $1,313 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 10,743 Value ($000) $1,516 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 11,067 Value ($000) $1,258 Avg Close $87.95 Range $74.66 - $107.42

Q3 2018

Shares 11,779 Value ($000) $1,781 Avg Close $101.25 Range $95.14 - $106.71

Q2 2018

Shares 13,005 Value ($000) $1,817 Avg Close $99.95 Range $94.63 - $110.30

Q1 2018

Shares 14,375 Value ($000) $2,206 Avg Close $107.30 Range $98.32 - $115.38

Q4 2017

Shares 13,125 Value ($000) $2,014 Avg Close $102.11 Range $96.94 - $108.49

Q3 2017

Shares 28,875 Value ($000) $4,189 Avg Close $96.87 Range $92.88 - $103.07

Q2 2017

Shares 29,115 Value ($000) $4,479 Avg Close $103.77 Range $98.95 - $115.36

Q1 2017

Shares 29,895 Value ($000) $5,206 Avg Close $114.39 Range $107.32 - $119.58

Q4 2016

Shares 30,274 Value ($000) $5,025 Avg Close $103.05 Range $95.06 - $110.31

Q3 2016

Shares 30,415 Value ($000) $4,831 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 29,880 Value ($000) $4,535 Avg Close $95.13 Range $90.08 - $99.15

Q1 2016

Shares 28,295 Value ($000) $4,285 Avg Close $84.07 Range $73.78 - $96.70

Q3 2015

Shares 15,295 Value ($000) $2,217 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 15,605 Value ($000) $2,538 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 16,844 Value ($000) $2,703 Avg Close $96.47 Range $90.53 - $100.82

Q4 2014

Shares 17,617 Value ($000) $2,826 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 18,555 Value ($000) $3,522 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 17,814 Value ($000) $3,229 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 23,643 Value ($000) $4,551 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 25,473 Value ($000) $4,778 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 28,486 Value ($000) $5,275 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 36,122 Value ($000) $6,903 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	14,191	$4,204	$298.78	$262.11 - $324.90
Q3 2025	13,407	$3,783	$259.55	$232.08 - $292.01
Q2 2025	12,030	$3,546	$253.82	$210.49 - $292.56
Q1 2025	14,323	$3,562	$239.40	$209.20 - $261.47
Q4 2024	8,780	$1,930	$216.31	$196.83 - $233.32
Q3 2024	8,778	$1,941	$188.97	$166.24 - $216.80
Q2 2024	9,839	$1,702	$165.85	$154.39 - $183.50
Q1 2024	10,470	$1,999	$172.56	$148.54 - $189.10
Q4 2023	5,147	$842	$141.50	$126.39 - $156.49
Q3 2023	5,372	$754	$131.75	$120.98 - $141.33
Q2 2023	6,113	$818	$118.05	$110.47 - $128.27
Q1 2023	7,988	$1,047	$120.73	$110.43 - $131.92
Q4 2022	7,902	$1,113	$123.05	$102.35 - $137.32
Q3 2022	8,134	$966	$115.64	$105.06 - $124.09
Q2 2022	7,382	$1,042	$117.50	$107.95 - $126.60
Q1 2022	7,412	$964	$112.10	$102.68 - $121.43
Q4 2021	7,412	$991	$106.49	$97.83 - $117.62
Q3 2021	8,665	$1,204	$112.12	$106.97 - $117.48
Q2 2021	8,650	$1,268	$113.44	$102.70 - $121.73
Q1 2021	8,353	$1,113	$98.07	$91.22 - $107.97
Q4 2020	9,003	$1,133	$93.41	$81.15 - $103.82
Q3 2020	8,996	$1,095	$93.86	$87.12 - $99.96
Q2 2020	8,740	$1,055	$91.40	$78.00 - $102.76
Q1 2020	8,476	$940	$98.28	$67.58 - $117.24
Q4 2019	8,852	$1,186	$99.90	$95.55 - $107.55
Q3 2019	9,411	$1,369	$102.47	$94.04 - $110.34
Q2 2019	9,524	$1,313	$98.62	$91.51 - $103.66
Q1 2019	10,743	$1,516	$94.64	$78.71 - $101.33
Q4 2018	11,067	$1,258	$87.95	$74.66 - $107.42
Q3 2018	11,779	$1,781	$101.25	$95.14 - $106.71
Q2 2018	13,005	$1,817	$99.95	$94.63 - $110.30
Q1 2018	14,375	$2,206	$107.30	$98.32 - $115.38
Q4 2017	13,125	$2,014	$102.11	$96.94 - $108.49
Q3 2017	28,875	$4,189	$96.87	$92.88 - $103.07
Q2 2017	29,115	$4,479	$103.77	$98.95 - $115.36
Q1 2017	29,895	$5,206	$114.39	$107.32 - $119.58
Q4 2016	30,274	$5,025	$103.05	$95.06 - $110.31
Q3 2016	30,415	$4,831	$101.76	$95.61 - $106.13
Q2 2016	29,880	$4,535	$95.13	$90.08 - $99.15
Q1 2016	28,295	$4,285	$84.07	$73.78 - $96.70
Q3 2015	15,295	$2,217	$95.35	$87.10 - $106.76
Q2 2015	15,605	$2,538	$102.99	$96.57 - $107.49
Q1 2015	16,844	$2,703	$96.47	$90.53 - $100.82
Q4 2014	17,617	$2,826	$100.47	$91.12 - $114.79
Q3 2014	18,555	$3,522	$114.33	$108.62 - $117.41
Q2 2014	17,814	$3,229	$112.28	$107.17 - $118.40
Q1 2014	23,643	$4,551	$109.22	$101.79 - $116.27
Q4 2013	25,473	$4,778	$106.40	$101.46 - $111.01
Q3 2013	28,486	$5,275	$111.55	$106.48 - $117.56
Q2 2013	36,122	$6,903	$118.94	$109.29 - $125.13