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 |
Pinduoduo
PDD
|
+$382M |
| 2 |
Alibaba
BABA
|
+$272M |
| 3 |
EOG Resources
EOG
|
+$255M |
| 4 |
Broadridge
BR
|
+$234M |
| 5 |
Teladoc Health
TDOC
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baidu
BIDU
|
+$568M |
| 2 |
Royal Caribbean
RCL
|
+$562M |
| 3 |
DATA
Tableau Software, Inc.
DATA
|
+$296M |
| 4 |
MarketAxess Holdings
MKTX
|
+$172M |
| 5 |
APA Corp
APA
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 32.71% |
| 2 | Healthcare | 17.24% |
| 3 | Communication Services | 15.14% |
| 4 | Technology | 11.53% |
| 5 | Financials | 10.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$269B
| $8.3B | 9.44% |
49,631,398
+1,581,342
| +3% | +$272M |
|
2
Amazon
AMZN
$2.5T
| $7.7B | 8.76% |
88,738,640
-258,200
| -0.3% | -$23.9M |
|
3
Illumina
ILMN
$29.4B
| $5.25B | 5.97% |
17,741,124
+496,244
| +3% | +$146M |
|
4
Tesla
TSLA
$1.24T
| $3.24B | 3.69% |
201,773,565
+627,585
| +0.3% | +$9.83M |
|
5
Meta Platforms (Facebook)
META
$1.51T
| $2.82B | 3.21% |
15,843,349
-103,602
| -0.6% | -$19.7M |
|
6
Alphabet (Google) Class C
GOOG
$3.9T
| $2.81B | 3.19% |
46,071,820
-590,140
| -1% | -$34.9M |
|
7
Mercado Libre
MELI
$91.3B
| $2.55B | 2.9% |
4,618,089
-45,325
| -1% | -$27.5M |
|
8
Spotify
SPOT
$99.2B
| $2.18B | 2.48% |
19,130,947
+35,621
| +0.2% | +$5.03M |
|
9
Ferrari
RACE
$63.3B
| $2.1B | 2.38% |
13,579,009
+29,827
| +0.2% | +$4.76M |
|
10
Netflix
NFLX
$292B
| $2.06B | 2.34% |
76,955,320
-479,670
| -0.6% | -$15M |
|
11
Shopify
SHOP
$148B
| $1.89B | 2.15% |
60,570,060
-3,619,070
| -6% | -$124M |
|
12
Mastercard
MA
$477B
| $1.63B | 1.86% |
6,013,670
-126,913
| -2% | -$35M |
|
13
TAL Education Group
TAL
$5.71B
| $1.59B | 1.8% |
46,291,431
-19,141
| -0% | -$667K |
|
14
Trip.com Group
TCOM
$27.5B
| $1.38B | 1.57% |
47,161,056
-263,087
| -0.6% | -$9.25M |
|
15
NVIDIA
NVDA
$5.01T
| $1.31B | 1.49% |
300,031,880
-2,253,640
| -0.7% | -$9.48M |
|
|
16
MarketAxess Holdings
MKTX
$4.15B
| $1.28B | 1.45% |
3,894,644
-481,262
| -11% | -$172M |
|
17
TSMC
TSM
$2.09T
| $1.22B | 1.39% |
26,316,692
-519,919
| -2% | -$22.2M |
|
18
Moody's
MCO
$81.7B
| $1.19B | 1.36% |
5,816,481
-155,349
| -3% | -$32.6M |
|
19
Intuitive Surgical
ISRG
$121B
| $1.13B | 1.29% |
6,299,421
-39,612
| -0.6% | -$6.85M |
|
20
Elevance Health
ELV
$81.9B
| $1.03B | 1.17% |
4,283,924
-125,648
| -3% | -$34.4M |
|
21
Visa
V
$677B
| $1.01B | 1.15% |
5,865,725
-143,660
| -2% | -$25.6M |
|
|
22
Baidu
BIDU
$35.8B
| $984M | 1.12% |
9,576,806
-5,289,577
| -36% | -$568M |
|
23
Atlassian
TEAM
$22B
| $915M | 1.04% |
7,296,416
-37,451
| -0.5% | -$5.1M |
|
24
Workday
WDAY
$33.4B
| $853M | 0.97% |
5,016,854
-9,297
| -0.2% | -$1.79M |
|
25
Microsoft
MSFT
$2.84T
| $793M | 0.9% |
5,702,590
-93,238
| -2% | -$12.8M |
|
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Baillie Gifford & Co's Q3 2019 Portfolio in Review
As of Q3 2019, Baillie Gifford & Co held 235 positions worth $87.9B, down 6.7% from $94.3B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Baillie Gifford & Co's Q3 2019 filing shows 9 new, 87 increased, 97 reduced and 10 closed positions. Its largest new stake was Peloton Interactive: 6,848,821 shares worth $172M. The largest sale was Baidu, an estimated $568M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, up from 32% a quarter earlier, followed by Healthcare and Communication Services.
- Baillie Gifford & Co's largest Q3 2019 buy was Peloton Interactive: 6,848,821 shares worth $172M.
- Baillie Gifford & Co added most to Pinduoduo in Q3 2019, an estimated $382M increase.
- Baillie Gifford & Co's biggest Q3 2019 reduction was Baidu, cutting an estimated $568M.
- Baillie Gifford & Co fully exited Royal Caribbean in Q3 2019, selling an estimated $562M.
- Baillie Gifford & Co's ten largest holdings make up 44% of its $87.9B portfolio in Q3 2019.
- Baillie Gifford & Co opened 9 new positions and closed 10 in Q3 2019.
- Baillie Gifford & Co's portfolio value fell 6.7% quarter-over-quarter to $87.9B.
Based on Baillie Gifford & Co's 13F filing for Q3 2019, filed 7 Nov 2019.