Baillie Gifford & Co Portfolio holdings
Baillie Gifford & Co., founded in 1908 by Lt Col Augustus Baillie and Carlyle Gifford and headquartered in Edinburgh, Scotland, is an independent, partnership-owned investment management firm renowned for its long-term, growth-oriented approach, managing over £230 billion ($290 billion USD) in assets as of late 2024. Focusing primarily on global equities, the firm serves institutional clients like pension funds and retail investors through mutual funds and investment trusts, such as the Scottish Mortgage Investment Trust, emphasizing fundamental research into innovative, high-growth companies—often holding stakes in firms like Tesla and Amazon for decades. With around 2,000 employees across offices in London, New York, Hong Kong, and beyond, Baillie Gifford operates without external ownership pressures, allowing its 58 partners to prioritize patience and conviction over short-term market trends. Known for its low-profile culture and ESG integration, the firm has earned a reputation as a thoughtful, contrarian investor in a world of rapid-fire trading.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Carvana
CVNA
|
+$1.01B |
| 2 |
KE Holdings
BEKE
|
+$736M |
| 3 |
Cloudflare
NET
|
+$514M |
| 4 |
Datadog
DDOG
|
+$484M |
| 5 |
Beyond Meat
BYND
|
+$398M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$8.55B |
| 2 |
Alibaba
BABA
|
+$4.14B |
| 3 |
Amazon
AMZN
|
+$1.64B |
| 4 |
TSMC
TSM
|
+$1.08B |
| 5 |
Meta Platforms (Facebook)
META
|
+$883M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 37.45% |
| 2 | Technology | 17.1% |
| 3 | Communication Services | 14.8% |
| 4 | Healthcare | 14.03% |
| 5 | Financials | 5.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Salesforce
CRM
$158B
| $1.39B | 0.95% |
5,513,560
+370,554
| +7% | +$81.1M |
|
27
Teladoc Health
TDOC
$1.3B
| $1.37B | 0.94% |
6,242,039
+275,608
| +5% | +$58.4M |
|
28
Intuitive Surgical
ISRG
$134B
| $1.33B | 0.92% |
5,631,186
-473,256
| -8% | -$106M |
|
29
Alnylam Pharmaceuticals
ALNY
$29.3B
| $1.29B | 0.89% |
8,891,488
+242,810
| +3% | +$34.5M |
|
|
30
Carvana
CVNA
$77.9B
| $1.27B | 0.87% |
+28,458,830
| New | +$1.01B |
|
31
Atlassian
TEAM
$37.8B
| $1.18B | 0.81% |
6,498,531
-603,472
| -8% | -$108M |
|
32
Zillow
Z
$7.56B
| $1.15B | 0.79% |
11,363,074
-80,247
| -0.7% | -$6.27M |
|
|
33
Cloudflare
NET
$107B
| $1.14B | 0.78% |
27,652,576
+13,413,985
| +94% | +$514M |
|
34
Chegg
CHGG
$102M
| $1.12B | 0.77% |
15,736,463
+1,064,067
| +7% | +$78.3M |
|
35
Elevance Health
ELV
$85.5B
| $1.09B | 0.75% |
4,043,350
-52,954
| -1% | -$14.2M |
|
36
Thermo Fisher Scientific
TMO
$220B
| $988M | 0.68% |
2,237,883
-28,053
| -1% | -$11.6M |
|
37
NovoCure
NVCR
$1.91B
| $904M | 0.62% |
8,124,645
+220,925
| +3% | +$17.7M |
|
|
38
KE Holdings
BEKE
$18.8B
| $903M | 0.62% |
+14,729,730
| New | +$736M |
|
39
WIX.com
WIX
$2.52B
| $893M | 0.62% |
3,505,497
-141,361
| -4% | -$39M |
|
40
Ryanair
RYAAY
$31.3B
| $873M | 0.6% |
26,704,823
+8,141,968
| +44% | +$253M |
|
41
Arthur J. Gallagher & Co
AJG
$63.6B
| $863M | 0.59% |
8,177,407
-136,955
| -2% | -$14.2M |
|
|
ABMD
42
DELISTED
Abiomed Inc
ABMD
| $816M | 0.56% |
2,945,253
+100,149
| +4% | +$28.9M |
|
43
NetEase
NTES
$84.7B
| $809M | 0.56% |
8,900,640
-1,233,795
| -12% | -$116M |
|
|
44
TSMC
TSM
$2.18T
| $785M | 0.54% |
9,678,119
-14,165,703
| -59% | -$1.08B |
|
45
MarketAxess Holdings
MKTX
$5.72B
| $760M | 0.52% |
1,577,552
-434,263
| -22% | -$215M |
|
46
Twilio
TWLO
$36.6B
| $740M | 0.51% |
2,993,985
+925,048
| +45% | +$228M |
|
47
Estee Lauder
EL
$32B
| $685M | 0.47% |
3,140,293
+1,629,748
| +108% | +$335M |
|
|
SGEN
48
DELISTED
Seagen Inc. Common Stock
SGEN
| $645M | 0.44% |
3,294,909
-87,700
| -3% | -$14.7M |
|
49
Teradyne
TER
$59.3B
| $641M | 0.44% |
8,072,305
-62,890
| -0.8% | -$5.33M |
|
50
Tencent Music
TME
$15.6B
| $636M | 0.44% |
43,028,837
+22,493,131
| +110% | +$351M |
|
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Baillie Gifford & Co's Q3 2020 Portfolio in Review
As of Q3 2020, Baillie Gifford & Co held 259 positions worth $145B, up 11% from $131B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Baillie Gifford & Co withdrew a net $13.3B in Q3 2020, closing 8 positions and reducing 85 holdings. Its most notable exit was Just Eat Takeaway.com N.V. American Depositary Shares, an estimated $360M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, up from 37% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Baillie Gifford & Co opened a new position in Carvana worth $1.27B.
- Baillie Gifford & Co's largest Q3 2020 buy was Carvana: 28,458,830 shares worth $1.27B.
- Baillie Gifford & Co added most to Cloudflare in Q3 2020, an estimated $514M increase.
- Baillie Gifford & Co's biggest Q3 2020 reduction was Tesla, cutting an estimated $8.55B.
- Baillie Gifford & Co fully exited Just Eat Takeaway.com N.V. American Depositary Shares in Q3 2020, selling an estimated $360M.
- Baillie Gifford & Co's ten largest holdings make up 45% of its $145B portfolio in Q3 2020.
- Baillie Gifford & Co opened 17 new positions and closed 8 in Q3 2020.
- Baillie Gifford & Co's portfolio value rose 11% quarter-over-quarter to $145B.
Based on Baillie Gifford & Co's 13F filing for Q3 2020, filed 12 Nov 2020.