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 |
TAL Education Group
TAL
|
+$819M |
| 2 |
Trip.com Group
TCOM
|
+$260M |
| 3 |
Netflix
NFLX
|
+$228M |
| 4 |
LendingTree
TREE
|
+$204M |
| 5 |
NetEase
NTES
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$611M |
| 2 |
JUNO
Juno Therapeutics, Inc.
JUNO
|
+$482M |
| 3 |
Royal Caribbean
RCL
|
+$355M |
| 4 |
Baidu
BIDU
|
+$329M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$314M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 35.57% |
| 2 | Communication Services | 17.24% |
| 3 | Healthcare | 14.9% |
| 4 | Technology | 9.45% |
| 5 | Financials | 9.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Wayfair
W
$14.4B
| $160M | 0.19% |
2,365,049
+326,612
| +16% | +$27.4M |
|
|
SRCL
77
DELISTED
Stericycle Inc
SRCL
| $150M | 0.18% |
2,568,656
-23,064
| -0.9% | -$1.56M |
|
78
Watsco Inc
WSO
$13.5B
| $149M | 0.17% |
820,948
+87,435
| +12% | +$15.2M |
|
79
Advanced Micro Devices
AMD
$807B
| $146M | 0.17% |
14,548,945
-125,906
| -0.9% | -$1.49M |
|
80
DNOW Inc
DNOW
$2.84B
| $138M | 0.16% |
13,462,917
+776,844
| +6% | +$8.47M |
|
81
HDFC Bank
HDB
$122B
| $132M | 0.15% |
5,345,692
-111,112
| -2% | -$2.8M |
|
|
DATA
82
DELISTED
Tableau Software, Inc.
DATA
| $124M | 0.15% |
1,536,830
+114,903
| +8% | +$9.1M |
|
|
83
Alphabet (Google) Class A
GOOGL
$4.38T
| $119M | 0.14% |
2,300,800
-124,640
| -5% | -$6.91M |
|
|
CBPO
84
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $108M | 0.13% |
1,338,314
-9,481
| -0.7% | -$766K |
|
85
Denali Therapeutics
DNLI
$3.89B
| $102M | 0.12% |
5,192,846
+271,063
| +6% | +$5.57M |
|
86
Pricesmart
PSMT
$5.71B
| $98.3M | 0.12% |
1,176,211
-77,978
| -6% | -$6.42M |
|
87
Fortive
FTV
$18.5B
| $90.5M | 0.11% |
1,851,801
+233,403
| +14% | +$11.1M |
|
88
Vertex Pharmaceuticals
VRTX
$123B
| $89.1M | 0.1% |
546,695
+48,317
| +10% | +$7.89M |
|
|
ELLI
89
DELISTED
Ellie Mae Inc
ELLI
| $89M | 0.1% |
967,537
+128,165
| +15% | +$11.9M |
|
90
MakeMyTrip
MMYT
$5.57B
| $88.3M | 0.1% |
2,545,744
+13,594
| +0.5% | +$433K |
|
91
Chegg
CHGG
$91.2M
| $87M | 0.1% |
4,212,854
+3,128,153
| +288% | +$59.2M |
|
|
EMBJ
92
Embraer S.A. ADS
EMBJ
$12.7B
| $82.3M | 0.1% |
3,164,167
-91,668
| -3% | -$2.38M |
|
93
American Express
AXP
$232B
| $80.5M | 0.09% |
863,087
+92,764
| +12% | +$8.99M |
|
94
Zillow
ZG
$7.34B
| $73.7M | 0.09% |
1,364,582
+18,963
| +1% | +$915K |
|
|
CELG
95
DELISTED
Celgene Corp
CELG
| $73.3M | 0.09% |
822,116
+104,622
| +15% | +$10M |
|
96
CoStar Group
CSGP
$11.9B
| $72.4M | 0.08% |
1,996,410
+233,540
| +13% | +$8.05M |
|
|
ATVI
97
DELISTED
Activision Blizzard
ATVI
| $71.5M | 0.08% |
1,060,251
+88,952
| +9% | +$6.28M |
|
98
Dropbox
DBX
$8.01B
| $68.3M | 0.08% |
+2,185,942
| New | +$66M |
|
99
Penumbra
PEN
$12.8B
| $67.3M | 0.08% |
581,703
+501,476
| +625% | +$51.8M |
|
100
NovoCure
NVCR
$1.84B
| $59.9M | 0.07% |
2,749,639
+2,145,522
| +355% | +$46.1M |
|
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Baillie Gifford & Co's Q1 2018 Portfolio in Review
As of Q1 2018, Baillie Gifford & Co held 207 positions worth $85.3B, up 6% from $80.4B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Trading was light in Q1 2018: portfolio turnover was 4.3%. Baillie Gifford & Co opened 6 new positions and exited 3, leaving the 207-position portfolio largely intact.
By sector, the portfolio is most concentrated in Consumer Discretionary at 36% of assets, down from 36% a quarter earlier, followed by Communication Services and Healthcare.
- Baillie Gifford & Co's largest Q1 2018 buy was Dropbox: 2,185,942 shares worth $68.3M.
- Baillie Gifford & Co added most to TAL Education Group in Q1 2018, an estimated $819M increase.
- Baillie Gifford & Co's biggest Q1 2018 reduction was Amazon, cutting an estimated $611M.
- Baillie Gifford & Co fully exited Juno Therapeutics, Inc. in Q1 2018, selling an estimated $482M.
- Baillie Gifford & Co's ten largest holdings make up 49% of its $85.3B portfolio in Q1 2018.
- Baillie Gifford & Co opened 6 new positions and closed 3 in Q1 2018.
- Baillie Gifford & Co's portfolio value rose 6% quarter-over-quarter to $85.3B.
Based on Baillie Gifford & Co's 13F filing for Q1 2018, filed 10 May 2018.