13F filer · CIK 1088875 ↗
Baillie Gifford & Co
You are looking at Q1 2025. See the latest, Q2 2026 →
Reported value
$114.59B
−12% on the quarter before
Positions
265
15 new · 21 sold out
Top 10
44.4%
of the value
Est. gain
−$4.99B
on stocks held all quarter
Est. return
−4.3%
on those stocks since Q4 2024
Positions as of Mar 31, 2025, 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
Each tile is a position, sized by its share, colored by what the fund did with it since Q4 2024. Striped tiles are options.
Largest buys
Since Q4 2024, 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.
- Nu Holdings Ltd.~$411.5MAdded · 1.8% → 2.4%+40,181,132 shares
- Paycom~$329.0MAdded · 0.0% → 0.3%+1,505,990 shares
- Salesforce~$321.5MNew · 0.0% → 0.3%+1,197,896 shares
- Sqm ADR~$318.2MAdded · 0.0% → 0.3%+8,009,430 shares
- AppLovin~$314.2MAdded · 1.0% → 1.2%+1,185,859 shares
- PDD Holdings~$235.3MAdded · 2.8% → 4.1%+1,987,935 shares
- onsemi~$219.0MNew · 0.0% → 0.2%+5,382,186 shares
- Uber~$167.5MNew · 0.0% → 0.1%+2,299,369 shares
- Enphase Energy Inc~$166.3MAdded · 0.4% → 0.6%+2,680,567 shares
- Willscot Hdgs~$145.4MNew · 0.0% → 0.1%+5,229,918 shares
Largest sells
Since Q4 2024, 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.
- Tesla~$1.47BCut · 2.3% → 0.4%−5,660,651 shares
- Spotify Technology Sa~$1.28BCut · 4.5% → 5.2%−2,318,712 shares
- MercadoLibre~$998.7MCut · 5.6% → 6.4%−511,949 shares
- AMD~$767.1MSold out · 0.6% → 0.0%−6,350,514 shares
- Nvidia~$650.2MCut · 5.5% → 4.4%−5,999,328 shares
- Cloudflare~$502.4MCut · 2.6% → 2.7%−4,458,339 shares
- Analog Devices~$495.7MCut · 0.5% → 0.1%−2,457,946 shares
- Netflix~$411.3MCut · 3.1% → 3.3%−441,109 shares
- Moderna Inc~$395.2MCut · 1.2% → 0.6%−13,941,013 shares
- Wix Com~$389.9MCut · 0.9% → 0.5%−2,386,190 shares
Holdings
As of Mar 31, 2025. Changes are in shares against Dec 31, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MercadoLibreCOM · shares −12% · price +14.7% | 6.4% | $7.38B | +$947.7M | ||||||||
| AmazonCOM · shares −3.4% · price −13.3% | 5.8% | $6.63B | −$1.01B | ||||||||
| Spotify Technology SaSHS · shares −18% · price +22.9% | 5.2% | $5.96B | +$1.11B | ||||||||
| Shopify 'A'CL A · shares −6.5% · price −10.2% | 4.7% | $5.34B | −$606.3M | ||||||||
| SeaADR · shares −3.5% · price +23.0% | 4.5% | $5.16B | +$964.0M | ||||||||
| NvidiaCOM · shares −11% · price −19.3% | 4.4% | $5.08B | −$1.22B | ||||||||
| PDD HoldingsSPONSORED ADS · shares +5.2% · price +22.0% | 4.1% | $4.74B | +$812.9M | ||||||||
| NetflixCOM · shares −9.9% · price +4.6% | 3.3% | $3.76B | +$166.3M | ||||||||
| CoupangCL A · shares −3.6% · price −0.2% | 3.0% | $3.40B | −$7.8M | ||||||||
| MetaCL A · shares −0.2% · price −1.6% | 3.0% | $3.38B | −$53.7M | ||||||||
| CloudflareCL A COM · shares −14% · price +4.7% | 2.7% | $3.09B | +$137.4M | ||||||||
| Nu Holdings Ltd.ORD SHS CL A · shares +18% · price −1.2% | 2.4% | $2.72B | −$27.0M | ||||||||
| MicrosoftCOM · shares −4.7% · price −10.9% | 2.3% | $2.64B | −$323.8M | ||||||||
| DoorDashCOM · shares −9.5% · price +9.0% | 1.9% | $2.18B | +$179.5M | ||||||||
| Ferrari NvCOM · shares −16% · price −0.8% | 1.7% | $1.96B | −$15.7M | ||||||||
| Atlassian Corp PlcCL A · shares +7.1% · price −12.8% | 1.6% | $1.85B | −$253.1M | ||||||||
| The Trade DeskCOM CL A · shares −11% · price −53.4% | 1.5% | $1.72B | −$1.97B | ||||||||
| RobloxCL A · shares −2.0% · price +0.7% | 1.4% | $1.60B | +$11.8M | ||||||||
| Intuitive SurgicalCOM NEW · shares −16% · price −5.1% | 1.4% | $1.57B | −$84.7M | ||||||||
| AppLovinCOM CL A · shares +29% · price −18.2% | 1.2% | $1.40B | −$240.4M | ||||||||
| SamsaraCOM CL A · shares +7.1% · price −12.3% | 1.2% | $1.35B | −$176.5M | ||||||||
| WorkdayCL A · shares −11% · price −9.5% | 1.1% | $1.31B | −$137.8M | ||||||||
| DatadogCOM · shares +13% · price −30.6% | 1.1% | $1.22B | −$476.3M | ||||||||
| Elevance Health IncCOM · shares −7.4% · price +17.9% | 0.87% | $1.00B | +$152.1M | ||||||||
| Beone Medicines LtdSPONSORED ADR · shares −1.1% · price +47.3% | 0.86% | $988.2M | +$317.5M | ||||||||
| Total · 265 positions | 100% | $114.59B | −$4.99B |
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 Q4 2024 to Q1 2025: 250 stocks held throughout, down $4.99B (−4.3%).
- Spotify Technology Sa+$1.11B+23%
- Sea+$964.0M+23%
- MercadoLibre+$947.7M+15%
- PDD Holdings+$812.9M+22%
- Beone Medicines Ltd+$317.5M+47%
- E.L.F. Beauty−$498.3M−50%
- Shopify 'A'−$606.3M−10%
- Amazon−$1.01B−13%
- Nvidia−$1.22B−19%
- The Trade Desk−$1.97B−53%
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 ↗ |