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 |
Nu Holdings
NU
|
+$475M |
| 2 |
Applovin
APP
|
+$409M |
| 3 |
Salesforce
CRM
|
+$373M |
| 4 |
Sociedad Química y Minera de Chile
SQM
|
+$321M |
| 5 |
Paycom
PAYC
|
+$318M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.89B |
| 2 |
Spotify
SPOT
|
+$1.3B |
| 3 |
Mercado Libre
MELI
|
+$1.02B |
| 4 |
Advanced Micro Devices
AMD
|
+$767M |
| 5 |
NVIDIA
NVDA
|
+$760M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 32.68% |
| 2 | Technology | 26.35% |
| 3 | Communication Services | 17.07% |
| 4 | Healthcare | 9.27% |
| 5 | Financials | 6.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alnylam Pharmaceuticals
ALNY
$29.3B
| $988M | 0.86% |
3,657,607
-382,652
| -9% | -$98.3M |
|
27
DexCom
DXCM
$32B
| $968M | 0.85% |
14,179,830
-432,962
| -3% | -$35.3M |
|
28
Mastercard
MA
$493B
| $894M | 0.78% |
1,631,605
-166,333
| -9% | -$90.5M |
|
29
Service Corp International
SCI
$11.6B
| $821M | 0.72% |
10,235,684
-785,557
| -7% | -$61.8M |
|
30
Ryanair
RYAAY
$31.3B
| $807M | 0.7% |
19,048,110
-2,703,972
| -12% | -$123M |
|
31
Duolingo
DUOL
$6.12B
| $769M | 0.67% |
2,477,752
-262,350
| -10% | -$89.7M |
|
32
BioNTech
BNTX
$23.5B
| $743M | 0.65% |
8,159,682
-60,899
| -0.7% | -$6.82M |
|
33
Petrobras
PBR
$116B
| $742M | 0.65% |
51,748,747
-3,677,171
| -7% | -$50.7M |
|
34
Moderna
MRNA
$23.6B
| $707M | 0.62% |
24,948,558
-13,941,013
| -36% | -$495M |
|
35
Elastic
ESTC
$7.81B
| $699M | 0.61% |
7,843,557
-1,030,346
| -12% | -$107M |
|
36
Enphase Energy
ENPH
$5.53B
| $686M | 0.6% |
11,052,357
+2,680,567
| +32% | +$170M |
|
|
XYZ
37
Block Inc
XYZ
$47.5B
| $682M | 0.6% |
12,553,165
+1,385,359
| +12% | +$103M |
|
38
CoStar Group
CSGP
$12.3B
| $668M | 0.58% |
8,436,199
+524,601
| +7% | +$39.9M |
|
39
Rivian
RIVN
$23.2B
| $604M | 0.53% |
48,542,887
-1,060,559
| -2% | -$13.3M |
|
40
Martin Marietta Materials
MLM
$33B
| $600M | 0.52% |
1,255,116
-656,204
| -34% | -$333M |
|
41
Insulet
PODD
$9.79B
| $591M | 0.52% |
2,250,755
-104,928
| -4% | -$28.4M |
|
42
AutoZone
AZO
$51.1B
| $578M | 0.5% |
151,612
-11,477
| -7% | -$39.6M |
|
43
Aurora
AUR
$13.8B
| $529M | 0.46% |
78,635,013
-2,369,615
| -3% | -$17M |
|
44
WIX.com
WIX
$2.52B
| $527M | 0.46% |
3,227,099
-2,386,190
| -43% | -$496M |
|
45
Watsco Inc
WSO
$13.6B
| $518M | 0.45% |
1,019,100
-78,981
| -7% | -$38.9M |
|
46
MakeMyTrip
MMYT
$5.64B
| $505M | 0.44% |
5,155,202
+1,471,660
| +40% | +$152M |
|
47
e.l.f. Beauty
ELF
$5.8B
| $498M | 0.44% |
7,939,144
-70,290
| -0.9% | -$6.12M |
|
48
Kaspi.kz JSC
KSPI
$17.2B
| $488M | 0.43% |
5,260,033
+768,529
| +17% | +$75.3M |
|
49
Alphabet (Google) Class C
GOOG
$4.32T
| $485M | 0.42% |
3,105,472
-212,412
| -6% | -$38.9M |
|
|
50
Tesla
TSLA
$1.3T
| $457M | 0.4% |
1,762,022
-5,660,651
| -76% | -$1.89B |
|
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Baillie Gifford & Co's Q1 2025 Portfolio in Review
As of Q1 2025, Baillie Gifford & Co held 286 positions worth $115B, down 12% from $130B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Baillie Gifford & Co withdrew a net $10.2B in Q1 2025, closing 21 positions and reducing 188 holdings. Its most notable exit was Advanced Micro Devices, an estimated $767M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, up from 31% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Baillie Gifford & Co opened a new position in Salesforce worth $321M.
- Baillie Gifford & Co's largest Q1 2025 buy was Salesforce: 1,197,896 shares worth $321M.
- Baillie Gifford & Co added most to Nu Holdings in Q1 2025, an estimated $475M increase.
- Baillie Gifford & Co's biggest Q1 2025 reduction was Tesla, cutting an estimated $1.89B.
- Baillie Gifford & Co fully exited Advanced Micro Devices in Q1 2025, selling an estimated $767M.
- Baillie Gifford & Co's ten largest holdings make up 44% of its $115B portfolio in Q1 2025.
- Baillie Gifford & Co opened 15 new positions and closed 21 in Q1 2025.
- Baillie Gifford & Co's portfolio value fell 12% quarter-over-quarter to $115B.
Based on Baillie Gifford & Co's 13F filing for Q1 2025, filed 7 May 2025.