Baillie Gifford & Co
Baillie Gifford & Co, headquartered in Edinburgh, Scotland, is managed by a partnership that has built a reputation for its long-term, growth-oriented investment approach. The firm, established in 1908, focuses on identifying high-growth potential companies across the globe, emphasizing a patient investment strategy that seeks substantial returns over extended periods. This philosophy is rooted in deep research and a strong belief in the power of innovation and technological advancement.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings — not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares — not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with ≥$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 30 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| NVDA | $7.11B | 7.26% | $174.40 | $196.77 | +12.8% | 7.3% | |
| AMZN | $5.85B | 5.98% | $208.27 | $245.99 | +18.1% | 6.0% | |
| MELI | $5.59B | 5.71% | $1729.02 | $1819.03 | +5.2% | 5.7% | |
| SPOT | $3.99B | 4.07% | $484.91 | $491.19 | +1.3% | 4.1% | |
| NU | $3.54B | 3.62% | $14.37 | $13.65 | -5.0% | 3.6% | |
| SHOP | $3.44B | 3.52% | $118.62 | $123.03 | +3.7% | 3.5% | |
| NET | $3.29B | 3.36% | $206.34 | $269.49 | +30.6% | 3.4% | |
| SE | $3.28B | 3.35% | $82.81 | $105.28 | +27.1% | 3.4% | |
| PDD | $2.90B | 2.96% | $102.18 | $82.48 | -19.3% | 3.0% | |
| APP | $2.67B | 2.72% | $398.00 | $534.69 | +34.3% | 2.7% | |
| META | $2.35B | 2.40% | $571.60 | $620.08 | +8.5% | 2.4% | |
| CPNG | $2.28B | 2.33% | $18.88 | $18.40 | -2.5% | 2.3% | |
| NFLX | $2.10B | 2.14% | $96.15 | $76.33 | -20.6% | 2.1% | |
| IOT | $1.82B | 1.86% | $31.69 | $36.73 | +15.9% | 1.9% | |
| MSFT | $1.44B | 1.47% | $369.37 | $390.82 | +5.8% | 1.5% | |
| RACE | $1.29B | 1.32% | $334.59 | $387.81 | +15.9% | 1.3% | |
| RBLX | $1.21B | 1.24% | $56.56 | $56.74 | +0.3% | 1.2% | |
| ISRG | $1.18B | 1.21% | $460.99 | $426.16 | -7.6% | 1.2% | |
| RKLB | $1.18B | 1.21% | $64.22 | $84.39 | +31.4% | 1.2% | |
| DASH | $1.09B | 1.11% | $150.15 | $195.73 | +30.4% | 1.1% | |
| AXON | $1.04B | 1.07% | $424.69 | $647.93 | +52.6% | 1.1% | |
| MRNA | $1.02B | 1.04% | $50.80 | $78.89 | +55.3% | 1.0% | |
| GOOG | $1.00B | 1.03% | $286.69 | $365.53 | +27.5% | 1.0% | |
| RDDT | $984.2M | 1.01% | $134.65 | $204.09 | +51.6% | 1.0% | |
| DXCM | $979.6M | 1.00% | $62.80 | $73.46 | +17.0% | 1.0% | |
| ENSG | $972.5M | 0.99% | $201.42 | $169.59 | -15.8% | 1.0% | |
| BAP | $925.8M | 0.95% | $323.87 | $386.93 | +19.5% | 0.9% | |
| PBR | $922.1M | 0.94% | $20.63 | $16.62 | -19.4% | 0.9% | |
| ALNY | $825.1M | 0.84% | $330.87 | $321.33 | -2.9% | 0.8% | |
| RPRX | $775.0M | 0.79% | $47.76 | $57.64 | +20.7% | 0.8% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| FCX | $234.5M | |
| SUNB | $194.9M | |
| RBC | $159.8M | |
| VIST | $118.3M | |
| FUTU | $54.9M | |
| TDW | $54.8M | |
| AVGO | $29.6M | |
| MRLN | $14.8M |
Exited Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| FTAI | $450.1M | |
| CRM | $281.6M | |
| EPAM | $244.4M | |
| MNDY | $106.8M | |
| FND | $96.7M | |
| SKYT | $28.4M | |
| UPWK | $20.4M | |
| ES | $9.4M |
Increased (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| VEEV | $129.1M | +1499861.2% | ||
| PM | $266.9M | +5248.6% | ||
| EOG | $377.9M | +1787.4% | ||
| EQT | $232.3M | +1076.8% | ||
| MMYT | $136.5M | +191.2% | ||
| STOK | $10.9M | +133.0% | ||
| BAP | $514.5M | +90.5% | +19.5% | |
| CRCL | $18.6M | +88.0% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Δ |
|---|---|---|---|
| NKE | $-8.1M | -99.5% | |
| TTD | $-843.3M | -99.3% | |
| SPGI | $-361.7M | -94.5% | |
| AJG | $-195.0M | -84.6% | |
| NVO | $-0.0M | -81.2% | |
| XYZ | $-482.4M | -73.0% | |
| CP | $-14.8M | -67.8% | |
| FRPT | $-0.9M | -64.1% |
Quarter Activity
During the quarter, Baillie Gifford & Co initiated significant new positions in Freeport-McMoRan Inc. (FCX) and Sunbelt Holdings (SUNB) with investments valued at $235 million and $195 million, respectively. The fund also exited substantial holdings in Fortress Transportation and Infrastructure Investors LLC (FTAI) and Salesforce.com Inc. (CRM), which were previously valued at $450 million and $282 million. Additionally, there was a notable increase in the fund's investment in Veeva Systems Inc. (VEEV), which rose by approximately $1.5 billion, indicating a significant shift in portfolio concentration towards this sector.
AI Commentary
<p>Baillie Gifford & Co's portfolio showcases a strong focus on technology and e-commerce sectors, with their top holdings including NVIDIA (NVDA) at $7,107M (7.3% of AUM), Amazon.Com (AMZN) at $5,851M (6.0%), and MercadoLibre (MELI) at $5,590M (5.7%). Other significant investments include Spotify Technology SA (SPOT), Nu Holdings Ltd. (NU), and Shopify 'A' (SHOP), emphasizing the fund's conviction in digital services and online retail platforms. This sector concentration suggests a bullish stance on the growth potential of tech-driven companies in the evolving digital economy.</p> <p>The recent portfolio adjustments indicate strategic shifts in Baillie Gifford & Co's investment thesis. The initiation of positions in Freeport-McMoRan (FCX), Sunburst (SUNB), and Royal Bank of Canada (RBC) diversifies the fund's exposure into materials, energy, and financial services, respectively. Conversely, the complete divestment from Nike (NKE) and significant reductions in The Trade Desk (TTD) and S&P Global (SPGI) reflect a reallocation away from certain consumer goods and financial data services. These changes could signal the fund's anticipation of shifting economic conditions favoring commodities and banking sectors while reducing exposure to potentially overvalued tech and consumer stocks.</p>