13F filer · CIK 1088875 ↗
Baillie Gifford & Co
You are looking at Q3 2023. See the latest, Q2 2026 →
Reported value
$109.60B
−6.8% on the quarter before
Positions
289
10 new · 18 sold out
Top 10
41.6%
of the value
Est. gain
−$6.65B
on stocks held all quarter
Est. return
−5.9%
on those stocks since Q2 2023
Positions as of Sep 30, 2023, from Baillie Gifford & Co's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 61% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2023. Striped tiles are options.
Largest buys
Since Q2 2023, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- PDD Holdings~$441.4MAdded · 1.8% → 3.2%+4,501,126 shares
- Hdfc Bank ADR~$365.4MAdded · 0.2% → 0.5%+6,191,548 shares
- Comfort Systems USA~$202.4MNew · 0.0% → 0.2%+1,187,920 shares
- Sea~$190.8MAdded · 1.1% → 1.0%+4,341,424 shares
- Howard Hughes Ca~$188.9MNew · 0.0% → 0.2%+2,548,106 shares
- Oddity~$157.6MNew · 0.0% → 0.1%+5,559,817 shares
- Sprout Social~$155.8MAdded · 0.1% → 0.2%+3,124,376 shares
- Fomento Economico Mexicano Sab ADR~$147.5MAdded · 0.1% → 0.2%+1,350,922 shares
- Yeti Holdings~$146.0MAdded · 0.1% → 0.3%+3,027,290 shares
- Coupang~$145.9MAdded · 1.6% → 1.9%+8,581,404 shares
Largest sells
Since Q2 2023, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Nvidia~$782.5MCut · 5.6% → 5.5%−1,798,975 shares
- Illumina~$480.9MCut · 2.2% → 1.3%−3,503,014 shares
- MercadoLibre~$454.1MCut · 6.4% → 7.0%−358,127 shares
- Tesla~$222.8MCut · 5.2% → 5.1%−890,306 shares
- Howard Hughes~$205.6MSold out · 0.2% → 0.0%−2,605,155 shares
- Marketaxess Holdings~$166.1MCut · 0.3% → 0.1%−777,449 shares
- Shopify 'A'~$153.1MCut · 3.6% → 3.1%−2,805,782 shares
- Cemex ADR~$132.8MCut · 0.4% → 0.3%−20,429,232 shares
- Netflix~$129.6MCut · 2.1% → 1.8%−343,345 shares
- Petrobras Common ADR~$88.3MCut · 0.7% → 0.7%−5,891,842 shares
Holdings
As of Sep 30, 2023. Changes are in shares against Jun 30, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MercadoLibreCOM · shares −5.6% · price +7.0% | 7.0% | $7.65B | +$502.3M | ||||||||
| NvidiaCOM · shares −12% · price +2.8% | 5.5% | $5.99B | +$165.0M | ||||||||
| TeslaCOM · shares −3.8% · price −4.4% | 5.1% | $5.58B | −$257.5M | ||||||||
| AmazonCOM · shares +1.1% · price −2.5% | 4.8% | $5.25B | −$132.4M | ||||||||
| Moderna IncCOM · shares −0.1% · price −15.0% | 4.3% | $4.72B | −$831.3M | ||||||||
| Spotify Technology SaSHS · shares −1.4% · price −3.7% | 3.5% | $3.84B | −$146.7M | ||||||||
| PDD HoldingsSPONSORED ADS · shares +14% · price +41.8% | 3.2% | $3.50B | +$901.7M | ||||||||
| The Trade DeskCOM CL A · shares −1.8% · price +1.2% | 3.2% | $3.49B | +$41.6M | ||||||||
| Shopify 'A'CL A · shares −4.3% · price −15.5% | 3.1% | $3.42B | −$629.3M | ||||||||
| Ferrari NvCOM · shares −0.4% · price −9.4% | 1.9% | $2.13B | −$220.0M | ||||||||
| CoupangCL A · shares +7.7% · price −2.3% | 1.9% | $2.03B | −$44.4M | ||||||||
| NetflixCOM · shares −6.1% · price −14.3% | 1.8% | $2.01B | −$334.8M | ||||||||
| CloudflareCL A COM · shares −1.4% · price −3.6% | 1.8% | $1.96B | −$72.4M | ||||||||
| MicrosoftCOM · shares −2.6% · price −7.3% | 1.6% | $1.70B | −$133.7M | ||||||||
| Dexcom IncCOM · shares −0.2% · price −27.4% | 1.4% | $1.56B | −$587.4M | ||||||||
| WorkdayCL A · shares −1.3% · price −4.9% | 1.4% | $1.52B | −$78.2M | ||||||||
| Atlassian Corp PlcCL A · shares −1.0% · price +20.1% | 1.3% | $1.47B | +$245.9M | ||||||||
| Alnylam PharmaceuticalsCOM · shares −2.7% · price −6.8% | 1.3% | $1.45B | −$104.8M | ||||||||
| IlluminaCOM · shares −25% · price −26.8% | 1.3% | $1.44B | −$525.7M | ||||||||
| Elevance Health IncCOM · shares −2.4% · price −2.0% | 1.2% | $1.33B | −$27.1M | ||||||||
| MetaCL A · shares +12% · price +4.6% | 1.2% | $1.28B | +$50.6M | ||||||||
| Moody's CorporationCOM · shares −3.6% · price −9.1% | 1.1% | $1.20B | −$119.6M | ||||||||
| Intuitive SurgicalCOM NEW · shares −0.6% · price −14.5% | 1.1% | $1.20B | −$203.3M | ||||||||
| SeaADR · shares +20% · price −24.3% | 1.0% | $1.15B | −$307.1M | ||||||||
| Martin Marietta MaterialsCOM · shares −2.1% · price −11.1% | 1.0% | $1.13B | −$141.4M | ||||||||
| Total · 289 positions | 100% | $109.60B | −$6.65B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q2 2023 to Q3 2023: 279 stocks held throughout, down $6.65B (−5.9%).
- PDD Holdings+$901.7M+42%
- MercadoLibre+$502.3M+7%
- Atlassian Corp Plc+$245.9M+20%
- Nvidia+$165.0M+3%
- Elastic+$129.3M+27%
- Chewy Inc−$335.7M−54%
- Illumina−$525.7M−27%
- Dexcom Inc−$587.4M−27%
- Shopify 'A'−$629.3M−16%
- Moderna Inc−$831.3M−15%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 6, 2026 | $110.23B+13% | SEC ↗ |
| Q1 2026 | May 8, 2026 | $97.89B−19% | SEC ↗ |
| Q4 2025 | Jan 23, 2026 | $120.34B−11% | SEC ↗ |
| Q3 2025 | Oct 31, 2025 | $135.00B+1% | SEC ↗ |
| Q2 2025 | Aug 6, 2025 | $133.89B+17% | SEC ↗ |
| Q1 2025 | May 7, 2025 | $114.59B−12% | SEC ↗ |
| Q4 2024 | Jan 31, 2025 | $130.14B−3% | SEC ↗ |
| Q3 2024 | Nov 5, 2024 | $133.63B+4% | SEC ↗ |
| Q2 2024 | Jul 25, 2024 | $128.36B−0% | SEC ↗ |
| Q1 2024 | May 1, 2024 | $128.56B+2% | SEC ↗ |
| Q4 2023 | Jan 26, 2024 | $126.19B+15% | SEC ↗ |
| Q3 2023 | Nov 13, 2023 | $109.60B−7% | SEC ↗ |
| Q2 2023 | Jul 28, 2023 | $117.64B+6% | SEC ↗ |
| Q1 2023 | May 3, 2023 | $110.83B+15% | SEC ↗ |
| Q4 2022 | Mar 10, 2023 (amended) | $95.96B−1% | SEC ↗ |
| Q3 2022 | Oct 27, 2022 | $96.99B−1% | SEC ↗ |
| Q2 2022 | Aug 8, 2022 | $97.51B−32% | SEC ↗ |
| Q1 2022 | May 5, 2022 | $142.65B−22% | SEC ↗ |
| Q4 2021 | Jan 20, 2022 | $182.24B−5% | SEC ↗ |
| Q3 2021 | Oct 19, 2021 | $191.14B−7% | SEC ↗ |
| Q2 2021 | Aug 2, 2021 | $205.20B+15% | SEC ↗ |
| Q1 2021 | May 6, 2021 | $178.74B−1% | SEC ↗ |
| Q4 2020 | Feb 10, 2021 | $179.68B+24% | SEC ↗ |
| Q3 2020 | Nov 12, 2020 | $145.22B+11% | SEC ↗ |
| Q2 2020 | Aug 12, 2020 | $131.23B+42% | SEC ↗ |
| Q1 2020 | May 8, 2020 | $92.30B−11% | SEC ↗ |
| Q4 2019 | Feb 10, 2020 | $103.48B+18% | SEC ↗ |
| Q3 2019 | Nov 7, 2019 | $87.92B−7% | SEC ↗ |
| Q2 2019 | Aug 8, 2019 | $94.27B+3% | SEC ↗ |
| Q1 2019 | May 1, 2019 | $91.42B+19% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $76.98B−17% | SEC ↗ |
| Q3 2018 | Nov 13, 2018 | $92.61B−0% | SEC ↗ |
| Q2 2018 | Jul 17, 2018 | $92.67B+9% | SEC ↗ |
| Q1 2018 | May 10, 2018 | $85.27B+6% | SEC ↗ |
| Q4 2017 | Feb 13, 2018 | $80.43B+2% | SEC ↗ |
| Q3 2017 | Oct 20, 2017 | $78.99B+6% | SEC ↗ |
| Q2 2017 | Aug 10, 2017 | $74.34B+8% | SEC ↗ |
| Q1 2017 | May 12, 2017 | $68.72B+13% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $60.79B−5% | SEC ↗ |
| Q3 2016 | Nov 9, 2016 | $63.92B+14% | SEC ↗ |
| Q2 2016 | Aug 9, 2016 | $56.06B−1% | SEC ↗ |
| Q1 2016 | May 5, 2016 | $56.82B | SEC ↗ |