What Baillie Gifford & Co changed, 2013 to 2026
53 quarterly 13F filings, from Q2 2013 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.
Reported book
$110bn
$33.0bn at Q2 2013
Positions
275
187 at Q2 2013
Top ten weight
45%
47% at Q2 2013
Typical quarterly turnover
about 4%
Estimated from share changes
- Q2 2013: $33.0bn
- Q3 2013: $39.5bn
- Q4 2013: $42.3bn
- Q1 2014: $42.5bn
- Q2 2014: $46.3bn
- Q3 2014: $45.6bn
- Q4 2014: $49.9bn
- Q1 2015: $52.8bn
- Q2 2015: $55.6bn
- Q3 2015: $51.1bn
- Q4 2015: $57.5bn
- Q1 2016: $56.8bn
- Q2 2016: $56.1bn
- Q3 2016: $63.9bn
- Q4 2016: $60.8bn
- Q1 2017: $68.7bn
- Q2 2017: $74.3bn
- Q3 2017: $79.0bn
- Q4 2017: $80.4bn
- Q1 2018: $85.3bn
- Q2 2018: $92.7bn
- Q3 2018: $92.6bn
- Q4 2018: $77.0bn
- Q1 2019: $91.4bn
- Q2 2019: $94.3bn
- Q3 2019: $87.9bn
- Q4 2019: $103bn
- Q1 2020: $92.3bn
- Q2 2020: $131bn
- Q3 2020: $145bn
- Q4 2020: $180bn
- Q1 2021: $179bn
- Q2 2021: $205bn
- Q3 2021: $191bn
- Q4 2021: $182bn
- Q1 2022: $143bn
- Q2 2022: $97.5bn
- Q3 2022: $97.0bn
- Q4 2022: $96.0bn
- Q1 2023: $111bn
- Q2 2023: $118bn
- Q3 2023: $110bn
- Q4 2023: $126bn
- Q1 2024: $129bn
- Q2 2024: $128bn
- Q3 2024: $134bn
- Q4 2024: $130bn
- Q1 2025: $115bn
- Q2 2025: $134bn
- Q3 2025: $135bn
- Q4 2025: $120bn
- Q1 2026: $97.9bn
- Q2 2026: $110bn
- Q2 2013: 47%
- Q3 2013: 46%
- Q4 2013: 47%
- Q1 2014: 43%
- Q2 2014: 41%
- Q3 2014: 42%
- Q4 2014: 44%
- Q1 2015: 44%
- Q2 2015: 45%
- Q3 2015: 46%
- Q4 2015: 50%
- Q1 2016: 49%
- Q2 2016: 49%
- Q3 2016: 50%
- Q4 2016: 48%
- Q1 2017: 50%
- Q2 2017: 51%
- Q3 2017: 52%
- Q4 2017: 51%
- Q1 2018: 49%
- Q2 2018: 49%
- Q3 2018: 47%
- Q4 2018: 46%
- Q1 2019: 45%
- Q2 2019: 45%
- Q3 2019: 44%
- Q4 2019: 47%
- Q1 2020: 49%
- Q2 2020: 50%
- Q3 2020: 45%
- Q4 2020: 43%
- Q1 2021: 37%
- Q2 2021: 37%
- Q3 2021: 40%
- Q4 2021: 40%
- Q1 2022: 40%
- Q2 2022: 36%
- Q3 2022: 37%
- Q4 2022: 36%
- Q1 2023: 40%
- Q2 2023: 41%
- Q3 2023: 42%
- Q4 2023: 41%
- Q1 2024: 41%
- Q2 2024: 42%
- Q3 2024: 42%
- Q4 2024: 42%
- Q1 2025: 44%
- Q2 2025: 46%
- Q3 2025: 45%
- Q4 2025: 43%
- Q1 2026: 43%
- Q2 2026: 45%
The positions that defined it
Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.
| Position | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Space Exploration Technologies Corp(SPCX)Class A Common | Q2 2026 | $8.8bnQ2 2026 | $8.8bn | |
| Nvidia Corp(NVDA) | Q1 2016 | $10.1bnQ2 2024 | $8.4bn | |
| Amazon.Com(AMZN) | Q2 2013 | $11.4bnQ2 2020 | $6.4bn | |
| MercadoLibre(MELI) | Q2 2013 | $9.6bnQ3 2024 | $5.2bn | |
| SEA Ltd ADR(SE)ADR | Q4 2017 | $7.2bnQ3 2025 | $3.7bn | |
| Spotify Technology SA(SPOT) | Q2 2018 | $7.4bnQ2 2025 | $3.6bn | |
| Cloudflare Inc(NET)Class A Common | Q2 2020 | $5.0bnQ2 2025 | $3.6bn | |
| AppLovin(APP)Common Class A | Q3 2024 | $4.5bnQ3 2025 | $3.3bn | |
| Shopify 'A'(SHOP)Class A | Q3 2017 | $8.4bnQ2 2021 | $3.2bn | |
| Nu Holdings Ltd.(NU)Ordinary Shares Class A | Q4 2021 | $4.3bnQ4 2025 | $3.1bn | |
| Pinduoduo Inc ADR(PDD)Sponsored ADS | Q3 2018 | $5.6bnQ4 2023 | $2.0bn | |
| Samsara(IOT)Common Class A | Q1 2023 | $1.8bnQ2 2026 | $1.8bn | |
| NIO Inc ADR(NIO)Sponsored ADS | Q3 2018 | $5.3bnQ4 2020 | Soldlast listed Q1 2024 | |
| The Trade Desk(TTD)Common Class A | Q3 2018 | $4.9bnQ4 2021 | Soldlast listed Q1 2026 | |
| Tal Education Group ADR(TAL)ADS Repstg Common | Q1 2016 | $3.2bnQ3 2020 | Soldlast listed Q4 2021 | |
| Zoom Video Communications Inc(ZM)Class A | Q2 2019 | $3.1bnQ2 2021 | Soldlast listed Q1 2024 | |
| Ctrip.Com Intl ADRAmerican Depositary Shares | Q2 2013 | $2.8bnQ2 2017 | Soldlast listed Q3 2019 | |
| GoogleClass A | Q2 2013 | $2.6bnQ4 2013 | Soldlast listed Q2 2015 | |
| Peloton Interactive Inc(PTON)Class A Common | Q3 2019 | $2.5bnQ2 2021 | Soldlast listed Q1 2023 | |
| Google Inc Class C(GOOG)Class C | Q3 2015 | $2.4bnQ4 2015 | Soldlast listed Q4 2016 |
Quarter by quarter
Q4 2024: $130bn across 272 positions
Against Q3 2024: 10 new, 71 added to, 181 trimmed, 15 sold out, across all 272 positions.
Turnover about 3% of the book, estimated from share changes at quarter-end prices.
Largest additions
- AppLovin (APP)+$1.3bn
- SEA Ltd ADR (SE)+$615m
- Datadog (DDOG)+$474m
- e.l.f. Beauty (ELF)+$427m
- Square Inc (XYZ)+$262m
- Brookfield Corp (BN)+$190m
- Joby Aviation Inc (JOBY)+$182m
- AutoZone (AZO)+$143m
Largest reductions
- MercadoLibre (MELI)-$2.3bn
- Moderna Inc (MRNA)-$1.2bn
- Coupang (CPNG)-$662m
- Nvidia Corp (NVDA)-$608m
- Moody's Corp (MCO)-$591m
- Anthem Inc (ELV)-$523m
- Alnylam Pharmaceuticals (ALNY)-$393m
- Ferrari NV (RACE)-$391m
Opened
Nothing new among the largest positions.
Sold out
- Mettler-Toledo (MTD)was $145m
- Zuora Inc Class Awas $21m
- Exscientia Ltd ADRwas $19m
- Vir Biotechnology Inc (VIR)was $18m
- Crispr Therapeutics Ag (CRSP)was $17m
- Brookfield Renewablewas $14m
- Resmed Inc (RMD)was $3.8m
- Ascendis Pharma Adr 1:1 (ASND)was $3.2m
Largest positions, Q4 2024
The largest 25 of 272 reported positions.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Amazon.Com (AMZN) | $7.9bn | 6.1% | Trimmed |
| MercadoLibre (MELI) | $7.3bn | 5.6% | Trimmed |
| Nvidia Corp (NVDA) | $7.1bn | 5.5% | Trimmed |
| Shopify 'A' (SHOP) | $6.4bn | 4.9% | Trimmed |
| Spotify Technology SA (SPOT) | $5.9bn | 4.5% | Trimmed |
| SEA Ltd ADR (SE) | $4.3bn | 3.3% | Added |
| The Trade Desk (TTD) | $4.1bn | 3.2% | Trimmed |
| Netflix Inc (NFLX) | $4.0bn | 3.1% | Trimmed |
| Pinduoduo Inc ADR (PDD) | $3.7bn | 2.8% | Added |
| Coupang (CPNG) | $3.5bn | 2.7% | Trimmed |
| Facebook Cl.A (META) | $3.4bn | 2.6% | Trimmed |
| Cloudflare Inc (NET) | $3.4bn | 2.6% | Trimmed |
| Microsoft (MSFT) | $3.1bn | 2.4% | Added |
| Tesla Motors (TSLA) | $3.0bn | 2.3% | Trimmed |
| Ferrari NV (RACE) | $2.4bn | 1.8% | Trimmed |
| Nu Holdings Ltd. (NU) | $2.3bn | 1.8% | Added |
| Doordash Inc (DASH) | $2.2bn | 1.7% | Trimmed |
| Atlassian Corp Plc (TEAM) | $2.0bn | 1.5% | Trimmed |
| Intuitive Surgical (ISRG) | $2.0bn | 1.5% | Trimmed |
| Workday Inc (WDAY) | $1.6bn | 1.3% | Trimmed |
| Roblox (RBLX) | $1.6bn | 1.2% | Trimmed |
| Moderna Inc (MRNA) | $1.6bn | 1.2% | Trimmed |
| Datadog (DDOG) | $1.6bn | 1.2% | Added |
| Samsara (IOT) | $1.4bn | 1.1% | Trimmed |
| AppLovin (APP) | $1.3bn | 1.0% | Added |
The books most like this one
Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.
| Manager | Overlap | Stocks in both | Overlap over time | |
|---|---|---|---|---|
| Tiger Global Management LLC | 28% | 26 | Compare | |
| Fidelity (FMR LLC) | at least 27% | 118 | Compare | |
| Coatue Management LLC | 26% | 32 | Compare | |
| T. Rowe Price Associates Inc | at least 25% | 125 | Compare | |
| Polen Capital Management LLC | 24% | 51 | Compare | |
| Janus Henderson Group Ltd | at least 24% | 105 | Compare | |
| Capital Research Global Investors | 24% | 106 | Compare | |
| ARK Investment Management LLC | 23% | 58 | Compare |
“At least” where either manager has more positions than are read each quarter: a stock both hold below that range is not counted.
The filings behind it
Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.
| Quarter | Filer | Book | Amended | Filing |
|---|---|---|---|---|
| Q2 2026 | Baillie Gifford & Co | $110bn | 13F-HR | |
| Q1 2026 | Baillie Gifford & Co | $97.9bn | 13F-HR | |
| Q4 2025 | Baillie Gifford & Co | $120bn | 13F-HR | |
| Q3 2025 | Baillie Gifford & Co | $135bn | 13F-HR | |
| Q2 2025 | Baillie Gifford & Co | $134bn | 13F-HR | |
| Q1 2025 | Baillie Gifford & Co | $115bn | 13F-HR | |
| Q4 2024 | Baillie Gifford & Co | $130bn | 13F-HR | |
| Q3 2024 | Baillie Gifford & Co | $134bn | 13F-HR | |
| Q2 2024 | Baillie Gifford & Co | $128bn | 13F-HR | |
| Q1 2024 | Baillie Gifford & Co | $129bn | 13F-HR | |
| Q4 2023 | Baillie Gifford & Co | $126bn | 13F-HR | |
| Q3 2023 | Baillie Gifford & Co | $110bn | 13F-HR | |
| Q2 2023 | Baillie Gifford & Co | $118bn | 13F-HR | |
| Q1 2023 | Baillie Gifford & Co | $111bn | 13F-HR | |
| Q4 2022 | Baillie Gifford & Co | $96.0bn | 13F-HR | |
| Q3 2022 | Baillie Gifford & Co | $97.0bn | 13F-HR | |
| Q2 2022 | Baillie Gifford & Co | $97.5bn | 13F-HR | |
| Q1 2022 | Baillie Gifford & Co | $143bn | 13F-HR | |
| Q4 2021 | Baillie Gifford & Co | $182bn | 13F-HR | |
| Q3 2021 | Baillie Gifford & Co | $191bn | 13F-HR | |
| Q2 2021 | Baillie Gifford & Co | $205bn | 13F-HR | |
| Q1 2021 | Baillie Gifford & Co | $179bn | 13F-HR | |
| Q4 2020 | Baillie Gifford & Co | $180bn | 13F-HR | |
| Q3 2020 | Baillie Gifford & Co | $145bn | 13F-HR | |
| Q2 2020 | Baillie Gifford & Co | $131bn | 13F-HR | |
| Q1 2020 | Baillie Gifford & Co | $92.3bn | 13F-HR | |
| Q4 2019 | Baillie Gifford & Co | $103bn | 13F-HR | |
| Q3 2019 | Baillie Gifford & Co | $87.9bn | 13F-HR | |
| Q2 2019 | Baillie Gifford & Co | $94.3bn | 13F-HR | |
| Q1 2019 | Baillie Gifford & Co | $91.4bn | 13F-HR | |
| Q4 2018 | Baillie Gifford & Co | $77.0bn | 13F-HR | |
| Q3 2018 | Baillie Gifford & Co | $92.6bn | 13F-HR | |
| Q2 2018 | Baillie Gifford & Co | $92.7bn | 13F-HR | |
| Q1 2018 | Baillie Gifford & Co | $85.3bn | 13F-HR | |
| Q4 2017 | Baillie Gifford & Co | $80.4bn | 13F-HR | |
| Q3 2017 | Baillie Gifford & Co | $79.0bn | 13F-HR | |
| Q2 2017 | Baillie Gifford & Co | $74.3bn | 13F-HR | |
| Q1 2017 | Baillie Gifford & Co | $68.7bn | 13F-HR | |
| Q4 2016 | Baillie Gifford & Co | $60.8bn | 13F-HR | |
| Q3 2016 | Baillie Gifford & Co | $63.9bn | 13F-HR | |
| Q2 2016 | Baillie Gifford & Co | $56.1bn | 13F-HR | |
| Q1 2016 | Baillie Gifford & Co | $56.8bn | 13F-HR | |
| Q4 2015 | Baillie Gifford & Co | $57.5bn | 13F-HR | |
| Q3 2015 | Baillie Gifford & Co | $51.1bn | 13F-HR | |
| Q2 2015 | Baillie Gifford & Co | $55.6bn | 13F-HR | |
| Q1 2015 | Baillie Gifford & Co | $52.8bn | 13F-HR | |
| Q4 2014 | Baillie Gifford & Co | $49.9bn | 13F-HR | |
| Q3 2014 | Baillie Gifford & Co | $45.6bn | 13F-HR | |
| Q2 2014 | Baillie Gifford & Co | $46.3bn | 13F-HR | |
| Q1 2014 | Baillie Gifford & Co | $42.5bn | 13F-HR | |
| Q4 2013 | Baillie Gifford & Co | $42.3bn | 13F-HR | |
| Q3 2013 | Baillie Gifford & Co | $39.5bn | 13F-HR | |
| Q2 2013 | Baillie Gifford & Co | $33.0bn | 13F-HR |
Reading this record
A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.
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