# EDGAR Filing Document

**Accession Number:** 0001282693
**File Stem:** 0000894189-26-014912
**Filing Date:** 2026-5
**Character Count:** 29327
**Document Hash:** c1078bea1f248414873f814654a6733e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-014912.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0000894189-26-014912

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAIRD FUNDS INC
- **CENTRAL INDEX KEY:** 0001282693

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09997
- **FILM NUMBER:** 26983223

**BUSINESS ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-3500

**MAIL ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Baird Equity Opportunity Fund (Series ID: S000036810)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000112568 | Investor Class      | BSVSX           |
| C000112569 | Institutional Class | BSVIX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Baird Equity Opportunity Fund** | **Baird Equity Opportunity Fund** | **Baird Equity Opportunity Fund** | **Baird Equity Opportunity Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 89.6%** | **COMMON STOCKS - 89.6%** | **Shares**  | **Value**  |
| **Aerospace & Defense - 3.8%** | **Aerospace & Defense - 3.8%** | **Aerospace & Defense - 3.8%** | |
| Cadre Holdings, Inc. | Cadre Holdings, Inc. | 83041 | $2547698 |
| **Building Products - 3.7%** | **Building Products - 3.7%** | **Building Products - 3.7%** |  |
| Hayward Holdings, Inc. <sup>(a)</sup> | Hayward Holdings, Inc. <sup>(a)</sup> | 184896 | 2473908 |
| **Chemicals - 1.9%** | **Chemicals - 1.9%** | **Chemicals - 1.9%** |  |
| Neo Performance Materials, Inc. | Neo Performance Materials, Inc. | 80475 | 1271541 |
| **Construction & Engineering - 3.7%** | **Construction & Engineering - 3.7%** | **Construction & Engineering - 3.7%** |  |
| Valmont Industries, Inc. | Valmont Industries, Inc. | 6235 | 2491319 |
| **Diversified Consumer Services - 4.0%** | **Diversified Consumer Services - 4.0%** | **Diversified Consumer Services - 4.0%** |  |
| Mister Car Wash, Inc. <sup>(a)</sup> | Mister Car Wash, Inc. <sup>(a)</sup> | 392279 | 2734185 |
| **Diversified Telecommunication Services - 6.2%** | **Diversified Telecommunication Services - 6.2%** | **Diversified Telecommunication Services - 6.2%** |  |
| Globalstar, Inc. <sup>(a)</sup> | Globalstar, Inc. <sup>(a)</sup> | 62806 | 4171574 |
| **Electronic Equipment, Instruments & Components - 4.3%** | **Electronic Equipment, Instruments & Components - 4.3%** | **Electronic Equipment, Instruments & Components - 4.3%** |  |
| Novanta, Inc. <sup>(a)</sup> | Novanta, Inc. <sup>(a)</sup> | 6204 | 732754 |
| Teledyne Technologies, Inc. <sup>(a)</sup> | Teledyne Technologies, Inc. <sup>(a)</sup> | 3574 | 2162306 |
|  |  |  | 2895060 |
| **Energy Equipment & Services - 3.1%** | **Energy Equipment & Services - 3.1%** | **Energy Equipment & Services - 3.1%** |  |
| Oceaneering International, Inc. <sup>(a)</sup> | Oceaneering International, Inc. <sup>(a)</sup> | 58536 | 2076272 |
| **Entertainment - 1.5%** | **Entertainment - 1.5%** | **Entertainment - 1.5%** |  |
| Madison Square Garden Sports Corp. <sup>(a)</sup> | Madison Square Garden Sports Corp. <sup>(a)</sup> | 3104 | 997626 |
| **Financial Services - 5.2%** | **Financial Services - 5.2%** | **Financial Services - 5.2%** |  |
| Chime Financial, Inc. - Class A <sup>(a)</sup> | Chime Financial, Inc. - Class A <sup>(a)</sup> | 105708 | 1979911 |
| Toast, Inc. - Class A <sup>(a)</sup> | Toast, Inc. - Class A <sup>(a)</sup> | 58457 | 1549695 |
|  |  |  | 3529606 |
| **Health Care Equipment & Supplies - 5.5%** | **Health Care Equipment & Supplies - 5.5%** | **Health Care Equipment & Supplies - 5.5%** |  |
| LivaNova PLC <sup>(a)</sup> | LivaNova PLC <sup>(a)</sup> | 23717 | 1507453 |
| Merit Medical Systems, Inc. <sup>(a)</sup> | Merit Medical Systems, Inc. <sup>(a)</sup> | 32125 | 2214376 |
|  |  |  | 3721829 |
| **Health Care Providers & Services - 7.6%** | **Health Care Providers & Services - 7.6%** | **Health Care Providers & Services - 7.6%** |  |
| HealthEquity, Inc. <sup>(a)</sup> | HealthEquity, Inc. <sup>(a)</sup> | 36881 | 3082145 |
| NeoGenomics, Inc. <sup>(a)</sup> | NeoGenomics, Inc. <sup>(a)</sup> | 273810 | 2031670 |
|  |  |  | 5113815 |
| **Hotels, Restaurants & Leisure - 12.9%** | **Hotels, Restaurants & Leisure - 12.9%** | **Hotels, Restaurants & Leisure - 12.9%** |  |
| Norwegian Cruise Line Holdings Ltd. <sup>(a)</sup> | Norwegian Cruise Line Holdings Ltd. <sup>(a)</sup> | 147328 | 2755034 |
| Papa John's International, Inc. | Papa John's International, Inc. | 16850 | 546108 |
| Sportradar Group AG - Class A <sup>(a)</sup> | Sportradar Group AG - Class A <sup>(a)</sup> | 280243 | 4691268 |
| Sweetgreen, Inc. - Class A <sup>(a)</sup> | Sweetgreen, Inc. - Class A <sup>(a)</sup> | 146691 | 761326 |
|  |  |  | 8753736 |
| **Interactive Media & Services - 3.0%** | **Interactive Media & Services - 3.0%** | **Interactive Media & Services - 3.0%** |  |
| ZoomInfo Technologies, Inc. <sup>(a)</sup> | ZoomInfo Technologies, Inc. <sup>(a)</sup> | 336486 | 2012186 |
| **Leisure Products - 0.6%** | **Leisure Products - 0.6%** | **Leisure Products - 0.6%** |  |
| Clarus Corp. | Clarus Corp. | 160005 | 435214 |
| **Machinery - 7.6%** | **Machinery - 7.6%** | **Machinery - 7.6%** |  |
| Flowserve Corp. | Flowserve Corp. | 20426 | 1501515 |
| RBC Bearings, Inc. <sup>(a)(b)</sup> | RBC Bearings, Inc. <sup>(a)(b)</sup> | 6755 | 3668776 |
|  |  |  | 5170291 |
| **Real Estate Management & Development - 2.5%** | **Real Estate Management & Development - 2.5%** | **Real Estate Management & Development - 2.5%** |  |
| CoStar Group, Inc. <sup>(a)</sup> | CoStar Group, Inc. <sup>(a)</sup> | 42723 | 1723446 |
| **Semiconductors & Semiconductor Equipment - 1.6%** | **Semiconductors & Semiconductor Equipment - 1.6%** | **Semiconductors & Semiconductor Equipment - 1.6%** |  |
| Astera Labs, Inc. <sup>(a)</sup> | Astera Labs, Inc. <sup>(a)</sup> | 9657 | 1058407 |
| **Software - 10.9%** | **Software - 10.9%** | **Software - 10.9%** |  |
| BILL Holdings, Inc. <sup>(a)(b)</sup> | BILL Holdings, Inc. <sup>(a)(b)</sup> | 94719 | 3627738 |
| NCR Voyix Corp. <sup>(a)(e)</sup> | NCR Voyix Corp. <sup>(a)(e)</sup> | 586588 | 3713102 |
|  |  |  | 7340840 |
| **TOTAL COMMON STOCKS** (Cost $59,325,901) | **TOTAL COMMON STOCKS** (Cost $59,325,901) | **TOTAL COMMON STOCKS** (Cost $59,325,901) | 60518553 |
| **EXCHANGE TRADED FUNDS - 3.9%** | **EXCHANGE TRADED FUNDS - 3.9%** | **Shares**  | **Value**  |
| State Street SPDR S&P Biotech ETF | State Street SPDR S&P Biotech ETF | 20583 | 2629067 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,796,838) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,796,838) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,796,838) | 2629067 |
| **PURCHASED OPTIONS - 0.2%** | **Notional Amount**  | **Contracts**  | **Value**  |
| **Call Options - 0.2% <sup>(c)(d)</sup>** | **Call Options - 0.2% <sup>(c)(d)</sup>** |  |  |
|  ADT, Inc., Expiration: 05/15/2026; Exercise Price: $10.00 | 488151 | 743 | 1857 |
|  Global Payments, Inc., Expiration: 05/15/2026; Exercise Price: $100.00 | 1534440 | 228 | 8550 |
| NCR Voyix Corp. | NCR Voyix Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 12/18/2026; Exercise Price: $10.00 <sup>(e)</sup> | 46842 | 74 | 3700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 12/18/2026; Exercise Price: $12.50 <sup>(e)</sup> | 538683 | 851 | 27232 |
|  NeoGenomics, Inc., Expiration: 12/18/2026; Exercise Price: $10.00 | 28196 | 38 | 3325 |
|  Norwegian Cruise Line Holdings Ltd., Expiration: 05/15/2026; Exercise Price: $22.00 | 1539010 | 823 | 55141 |
| **TOTAL PURCHASED OPTIONS** (Cost $240,194) | **TOTAL PURCHASED OPTIONS** (Cost $240,194) | **TOTAL PURCHASED OPTIONS** (Cost $240,194) | 99805 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 6.1%** | **MONEY MARKET FUNDS - 6.1%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class U, 3.60% <sup>(f)</sup> | First American Government Obligations Fund - Class U, 3.60% <sup>(f)</sup> | 4144356 | 4144356 |
| **TOTAL MONEY MARKET FUNDS** (Cost $4,144,356) | **TOTAL MONEY MARKET FUNDS** (Cost $4,144,356) | **TOTAL MONEY MARKET FUNDS** (Cost $4,144,356) | 4144356 |
| **TOTAL INVESTMENTS - 99.8% (**Cost $65,507,289**)** | **TOTAL INVESTMENTS - 99.8% (**Cost $65,507,289**)** | **TOTAL INVESTMENTS - 99.8% (**Cost $65,507,289**)** | 67391781 |
| Other Assets in Excess of Liabilities - 0.2% | Other Assets in Excess of Liabilities - 0.2% | Other Assets in Excess of Liabilities - 0.2% | 157305 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $67549086 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| PLC - Public Limited Company |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) Non-income producing security.

(b) All or a portion of the security has been pledged as collateral for written options. The fair value of assets committed as collateral as of March 31, 2026 was $4,122,320 which represents 6.1% of net assets.

(c) 100 shares per contract.

(d) Exchange-traded.

(e) Held in connection with written option contracts. See Schedule of Written Options for further information.

(f) The rate shown represents the 7-day annualized yield as of March 31, 2026.

---

| | | | |
|:---|:---|:---|:---|
| **Baird Equity Opportunity Fund** | **Baird Equity Opportunity Fund** | **Baird Equity Opportunity Fund** | **Baird Equity Opportunity Fund** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **WRITTEN OPTIONS - (0.0)% <sup>(a)</sup>** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (0.0)%** | **Call Options - (0.0)%** | **Call Options - (0.0)%** | **Call Options - (0.0)%** |
| NCR Voyix Corp., Expiration: 12/18/2026; Exercise Price: $17.50 <sup>(b)(c)</sup> | $(538683) | (851) | $(25530) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $9,554) |  |  | $(25530) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) Represents less than 0.05% of net assets.

(b) Exchange-traded.

(c) 100 shares per contract.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Baird Equity Opportunity Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $60518553 | $– | $– | $60518553 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 2629067 | – | – | 2629067 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | 86073 | 13732 | – | 99805 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 4144356 | – | – | 4144356 |
| Total Investments | $67378049 | $13732 | $– | $67391781 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(25530) | $– | $(25530) |
| Total Investments | $– | $(25530) | $– | $(25530) |
| Refer to the Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Baird Funds Inc

- **b. Investment Company Act file number:** 811-09997

- **c. CIK number of Registrant:** 0001282693

- **d. LEI of Registrant:** 5493007JR2NWYBC7PO06

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 777 East Wisconsin Avenue

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4147653614

**Item A.2. Information about the Series.**

- **a. Name of Series:** Baird Equity Opportunity Fund

- **b. EDGAR series identifier (if any):** S000036810

- **c. LEI of Series:** 549300232HEBJ8VH4679

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $67692862.58

**Total Liabilities:** $250559.24

**Net Assets:** $67442303.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000112568 | -2.11%               | 0.00%                | -9.55%               |
| Class ID C000112569 | -2.09%               | 0.07%                | -9.56%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $589084.63               | $-1783300.68                               |
| Month 2  | $1361219.15              | $-1215854.21                               |
| Month 3  | $-704482.91              | $-6379126.60                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   4260186 | NS      | $4260185.61   | 6.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweetgreen Inc                 | Sweetgreen Inc                             | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146691 | NS      | $761326.29    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NeoGenomics Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        38 | NC      | $3325.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Astera Labs Inc                | Astera Labs Inc                            | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |      9657 | NS      | $1058407.20   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc              | BILL Holdings Inc                          | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |     94719 | NS      | $3627737.70   | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp                 | NCR Voyix Corp                             | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    586588 | NS      | $3713102.04   | 5.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc  | Oceaneering International Inc              | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     58536 | NS      | $2076271.92   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA               | UniFirst Corp/MA                           | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |       340 | NS      | $85540.60     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                   | LivaNova PLC                               | CUSIP: N/A<br>LEI: 2138001K2FX6SHK2B339       | Long             | EC               | CORP              | GB        |     23717 | NS      | $1507452.52   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NCR Voyix Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       851 | NC      | $27232.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadre Holdings Inc             | Cadre Holdings Inc                         | CUSIP: 12763L105<br>LEI: 2549006IKQEWJ8M7CB97 | Long             | EC               | CORP              | US        |     83041 | NS      | $2547697.88   | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Chime Financial Inc            | Chime Financial Inc                        | CUSIP: 16935C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105708 | NS      | $1979910.84   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports C | Madison Square Garden Sports Corp          | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3104 | NS      | $997625.60    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc               | CoStar Group Inc                           | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     42723 | NS      | $1723445.82   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                 | Flowserve Corp                             | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     20426 | NS      | $1501515.26   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc           | Hayward Holdings Inc                       | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    184896 | NS      | $2473908.48   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc               | HealthEquity Inc                           | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     36881 | NS      | $3082145.17   | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc      | Merit Medical Systems Inc                  | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     31931 | NS      | $2201003.83   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mister Car Wash Inc            | Mister Car Wash Inc                        | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    407790 | NS      | $2842296.30   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                | NeoGenomics Inc                            | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    273810 | NS      | $2031670.20   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc               | RBC Bearings Inc                           | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6755 | NS      | $3668775.60   | 5.44%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR S&P Biotech  | State Street SPDR S&P Biotech ETF          | CUSIP: 78464A870<br>LEI: 549300Y3ODFMPD5XXL58 | Long             | EC               | RF                | US        |     20583 | NS      | $2629066.59   | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc      | Teledyne Technologies Inc                  | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      3574 | NS      | $2162305.74   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                      | Toast Inc                                  | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     58457 | NS      | $1549695.07   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc         | Valmont Industries Inc                     | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      6235 | NS      | $2491318.95   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc      | ZoomInfo Technologies Inc                  | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    336486 | NS      | $2012186.28   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings | Norwegian Cruise Line Holdings Ltd         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    147328 | NS      | $2755033.60   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Global Payments Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       228 | NC      | $8550.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sportradar Group AG            | Sportradar Group AG                        | CUSIP: N/A<br>LEI: 549300H1P33YOAT7Z533       | Long             | EC               | CORP              | CH        |    280243 | NS      | $4691267.82   | 6.96%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Norwegian Cruise Line Holdings Ltd         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       497 | NC      | $33299.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarus Corp                    | Clarus Corp                                | CUSIP: 18270P109<br>LEI: 549300PKSLI6PT0ULL72 | Long             | EC               | CORP              | US        |    160005 | NS      | $435213.60    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalstar Inc                 | Globalstar Inc                             | CUSIP: 378973507<br>LEI: 549300NEX8I0MSOW0R64 | Long             | EC               | CORP              | US        |     62806 | NS      | $4171574.52   | 6.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                    | Novanta Inc                                | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6204 | NS      | $732754.44    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc  | Papa John's International Inc              | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |     16394 | NS      | $531329.54    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | ADT Inc                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       743 | NC      | $1857.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Neo Performance Materials Inc  | Neo Performance Materials Inc              | CUSIP: 64046G106<br>LEI: 984500E2A5I396CB6D96 | Long             | EC               | CORP              | CA        |     80475 | NS      | $1271540.87   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NCR Voyix Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        74 | NC      | $3700.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NCR Voyix Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -851 | NC      | $-25530.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-22

**Name of Applicant:** Baird Funds Inc

**Signature:** Baird Funds Inc

**Name of Signer:** Peter Hammond

**Title:** Vice President