Instuitional Investor - Baird Financial Group, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Microsoft Corp	MSFT	5,572,019	$2,886,027,278	4.64%
2.	Apple Inc.	AAPL	9,742,126	$2,480,637,777	3.99%
3.	Jpmorgan Chase & Co	JPM	6,433,054	$2,029,178,288	3.26%
4.	Alphabet Inc.	GOOGL	6,695,667	$1,630,729,722	2.62%
5.	Ishares Trust	IEF	2,761,205	$1,293,376,034	2.08%