13F filer · CIK 1088875 ↗
Baillie Gifford & Co
You are looking at Q4 2025. See the latest, Q2 2026 →
Reported value
$120.34B
−11% on the quarter before
Positions
266
22 new · 21 sold out
Top 10
43.4%
of the value
Est. gain
−$10.18B
on stocks held all quarter
Est. return
−8.2%
on those stocks since Q3 2025
Positions as of Dec 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 Q3 2025. Striped tiles are options.
Largest buys
Since Q3 2025, 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.
- Axon Enterprise Inc~$861.0MAdded · 0.1% → 0.8%+1,516,099 shares
- Medline Inc~$437.2MNew · 0.0% → 0.4%+10,410,371 shares
- Rocket Lab Corp~$399.4MAdded · 0.4% → 1.0%+5,725,536 shares
- Alphabet~$373.1MAdded · 0.1% → 0.5%+1,192,091 shares
- Duolingo Inc~$356.9MAdded · 0.7% → 0.7%+2,033,611 shares
- MercadoLibre~$330.6MAdded · 5.7% → 5.8%+164,120 shares
- Costar Group~$315.5MAdded · 0.5% → 0.7%+4,691,543 shares
- The Ensign Group~$305.0MAdded · 0.4% → 0.7%+1,750,645 shares
- Qxo~$282.5MAdded · 0.0% → 0.2%+14,644,305 shares
- Alphabet~$264.8MAdded · 0.5% → 1.0%+843,988 shares
Largest sells
Since Q3 2025, 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.
- Datadog~$1.01BCut · 1.2% → 0.4%−7,451,970 shares
- Cloudflare~$990.6MCut · 3.5% → 2.8%−5,024,793 shares
- Shopify 'A'~$682.1MCut · 3.9% → 4.2%−4,237,555 shares
- Biontech ADR~$631.6MCut · 0.6% → 0.1%−6,634,492 shares
- Meta~$588.1MCut · 2.9% → 2.4%−890,995 shares
- Amazon~$524.4MCut · 5.1% → 5.6%−2,272,044 shares
- Nvidia~$500.1MCut · 6.4% → 6.8%−2,681,591 shares
- The Trade Desk~$258.5MCut · 1.1% → 0.7%−6,809,124 shares
- Pinterest~$250.9MSold out · 0.2% → 0.0%−7,800,244 shares
- Chewy Inc~$223.2MSold out · 0.2% → 0.0%−5,517,323 shares
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCOM · shares −5.8% · price −0.0% | 6.8% | $8.18B | −$3.5M | ||||||||
| MercadoLibreCOM · shares +4.9% · price −13.8% | 5.8% | $7.01B | −$1.07B | ||||||||
| AmazonCOM · shares −7.2% · price +5.1% | 5.6% | $6.78B | +$330.6M | ||||||||
| Shopify 'A'CL A · shares −12% · price +8.3% | 4.2% | $5.02B | +$385.7M | ||||||||
| SeaADR · shares −3.3% · price −28.6% | 4.1% | $4.94B | −$1.98B | ||||||||
| Spotify Technology SaSHS · shares −4.2% · price −16.8% | 4.0% | $4.84B | −$977.2M | ||||||||
| Nu Holdings Ltd.ORD SHS CL A · shares +2.3% · price +4.6% | 3.6% | $4.31B | +$183.6M | ||||||||
| AppLovinCOM CL A · shares −1.3% · price −6.2% | 3.5% | $4.16B | −$275.8M | ||||||||
| PDD HoldingsSPONSORED ADS · shares −2.4% · price −14.2% | 2.9% | $3.52B | −$582.8M | ||||||||
| NetflixCOM · shares +1.2% · price −21.8% | 2.9% | $3.46B | −$953.6M | ||||||||
| CoupangCL A · shares −2.8% · price −26.7% | 2.9% | $3.45B | −$1.26B | ||||||||
| CloudflareCL A COM · shares −23% · price −8.1% | 2.8% | $3.32B | −$293.4M | ||||||||
| MetaCL A · shares −17% · price −10.1% | 2.4% | $2.90B | −$326.8M | ||||||||
| MicrosoftCOM · shares −5.4% · price −6.6% | 2.2% | $2.68B | −$190.4M | ||||||||
| DoorDashCOM · shares −3.6% · price −16.7% | 1.5% | $1.81B | −$362.7M | ||||||||
| RobloxCL A · shares −7.5% · price −41.5% | 1.5% | $1.75B | −$1.24B | ||||||||
| SamsaraCOM CL A · shares +15% · price −4.8% | 1.4% | $1.69B | −$74.6M | ||||||||
| Ferrari ADRADR · shares −1.3% · price −22.6% | 1.2% | $1.46B | −$425.3M | ||||||||
| Intuitive SurgicalCOM NEW · shares −2.0% · price +26.6% | 1.2% | $1.44B | +$303.9M | ||||||||
| RedditCL A · shares −2.1% · price −0.1% | 1.1% | $1.37B | −$717,710 | ||||||||
| Atlassian Corp PlcCL A · shares +3.9% · price +1.5% | 1.1% | $1.37B | +$19.8M | ||||||||
| Rocket Lab CorpCOM · shares +47% · price +45.6% | 1.0% | $1.25B | +$265.0M | ||||||||
| AlphabetCAP STK CL C · shares +29% · price +28.8% | 0.98% | $1.18B | +$204.2M | ||||||||
| Alnylam PharmaceuticalsCOM · shares −6.8% · price −12.8% | 0.86% | $1.03B | −$151.8M | ||||||||
| Dexcom IncCOM · shares −2.1% · price −1.4% | 0.86% | $1.03B | −$14.3M | ||||||||
| Total · 266 positions | 100% | $120.34B | −$10.18B |
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 Q3 2025 to Q4 2025: 244 stocks held throughout, down $10.18B (−8.2%).
- Shopify 'A'+$385.7M+8%
- Amazon+$330.6M+5%
- Intuitive Surgical+$303.9M+27%
- Rocket Lab Corp+$265.0M+46%
- Rivian Automotive Inc+$220.2M+34%
- Spotify Technology Sa−$977.2M−17%
- MercadoLibre−$1.07B−14%
- Roblox−$1.24B−42%
- Coupang−$1.26B−27%
- Sea−$1.98B−29%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 1 split read into the share counts.
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 ↗ |