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Baillie Gifford & Co

The positions Baillie Gifford & Co reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 6 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.

Reported book
$110bn
+$12.3bn on Q1 2026
Positions
275
9 new, 26 sold out
Top ten weight
45%
Spread across the book
Quarter
Q2 2026
Filed 6 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0001088875 · Long-only
Reported book by quarter
$0$67.5bn$135bnQ3 24: $134bn$134bnQ3 24Q4 24: $130bn$130bnQ4 24Q1 25: $115bn$115bnQ1 25Q2 25: $134bn$134bnQ2 25Q3 25: $135bn$135bnQ3 25Q4 25: $120bn$120bnQ4 25Q1 26: $97.9bn$97.9bnQ1 26Q2 26: $110bn$110bnQ2 26
Largest positions, share of the book
Space Exploration Technologies Corp (SPCX): 8.0%Space Exploration Techn…8.0%Nvidia (NVDA): 7.6%Nvidia (NVDA)7.6%Amazon.Com (AMZN): 5.8%Amazon.Com (AMZN)5.8%MercadoLibre (MELI): 4.7%MercadoLibre (MELI)4.7%Sea Ltd ADR: 3.3%Sea Ltd ADR3.3%Spotify Technology SA: 3.3%Spotify Technology SA3.3%Cloudflare Inc (NET): 3.2%Cloudflare Inc (NET)3.2%AppLovin (APP): 3.0%AppLovin (APP)3.0%Shopify 'A': 2.9%Shopify 'A'2.9%Nu Holdings Ltd. (NU): 2.8%Nu Holdings Ltd. (NU)2.8%

Opened this quarter

A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.

  • Space Exploration Technologies Corp (SPCX)$8.8bn · 8.0%
  • Cullen/Frost Bankers$345m · 0.3%
  • KLA Corp (KLAC)$286m · 0.3%
  • Vale SA ADR$190m · 0.2%
  • Idexx Laboratories Inc$186m · 0.2%
  • Vistra Energy$119m · 0.1%
  • Hims & Hers Health (HIMS)$26m · 0.0%
  • PDF Solutions (PDFS)$25m · 0.0%
  • Berkshire Hathaway B$14m · 0.0%

Sold out of this quarter

Exits are valued at what the position was worth in the previous filing, because by this one it is gone.

  • Penumbra Inc (PEN)$276m held before
  • CME Group Inc (CME)$127m held before
  • T. Rowe Price$42m held before
  • Mobileye Global Inc. (MBLY)$28m held before
  • HeartFlow (HTFL)$26m held before
  • Liveramp Holdings Inc (RAMP)$24m held before
  • Tandem Diabetes Care (TNDM)$21m held before
  • Sana Biotechnology Inc (SANA)$19m held before
  • Lufax Holding Ltd (LU)$15m held before
  • Wabtec$14m held before
  • AptarGroup (ATR)$9.2m held before
  • Schrodinger (SDGR)$9.1m held before
  • and 14 more.

Every reported position, Q2 2026

200 positions, sorted by weight · page 2 of 2

PositionWeight ↑ValueSharesChange on the quarterAction
Ecolab (ECL)
COM · CUSIP 278865100
0.2%$205m734,234
+$20m
+38,893 shares
Added
Sunbelt Rentals Holdings Inc (SUNB)
COM · CUSIP 866966104
0.2%$215m2,948,390
+$20m
-163,423 shares
Trimmed
Block Inc
COM · CUSIP 852234103
0.2%$219m2,886,376
+$59m
+220,121 shares
Added
Knife River (KNF)
COM · CUSIP 498894104
0.2%$229m2,739,232
+$11m
+70,984 shares
Added
Brunswick Corp
COM · CUSIP 117043109
0.2%$231m2,740,077
+$21m
-150,559 shares
Trimmed
Fabrinet (FN)
SHS · CUSIP G3323L100
0.2%$233m415,079
-$6.9m
-45,417 shares
Trimmed
Illumina (ILMN)
COM · CUSIP 452327109
0.2%$235m1,335,846
+$46m
-199,260 shares
Trimmed
Freeport-Mcmoran Copper
COM · CUSIP 35671D857
0.2%$237m3,764,376
+$2.2m
-225,175 shares
Trimmed
Brookfield Corp
CL A · CUSIP 11271J107
0.2%$249m5,838,391
-$19m
-777,642 shares
Trimmed
Medpace Holdings (MEDP)
COM · CUSIP 58506Q109
0.2%$251m473,211
+$9.0m
-29,980 shares
Trimmed
Uber Technologies (UBER)
COM · CUSIP 90353T100
0.2%$251m3,483,820
-$13m
-190,081 shares
Trimmed
United Therapeutics (UTHR)
COM · CUSIP 91307C102
0.2%$253m467,209
-$700k
+39,082 shares
Added
Eaton (ETN)
COM · CUSIP G29183103
0.2%$255m598,890
+$34m
-18,476 shares
Trimmed
Wayfair Inc Class A
CL A · CUSIP 94419L101
0.2%$260m2,811,620
+$45m
-50,589 shares
Trimmed
Deere & Co (DE)
COM · CUSIP 244199105
0.2%$272m428,051
-$13m
-76,966 shares
Trimmed
Remitly Global Inc (RELY)
COM · CUSIP 75960P104
0.3%$278m12,383,664
+$92m
+565,357 shares
Added
Atlassian Corp Plc (TEAM)
CL A · CUSIP 049468101
0.3%$285m3,658,205
-$395m
-6,305,234 shares
Trimmed
KLA Corp (KLAC)
COM · CUSIP 482480100
0.3%$286m946,638No earlier filingNew
Advanced Drainage Systems (WMS)
COM · CUSIP 00790R104
0.3%$288m1,835,297
+$7.3m
-212,052 shares
Trimmed
Eqt Corp (EQT)
COM · CUSIP 26884L109
0.3%$291m5,472,472
+$41m
+1,541,421 shares
Added
SharkNinja (SN)
ORD SHS · CUSIP G8068L108
0.3%$291m1,912,105
+$86m
-27,211 shares
Trimmed
Tesla Inc (TSLA)
COM · CUSIP 88160R101
0.3%$307m730,641
-$177m
-571,507 shares
Trimmed
Denali Therapeutics (DNLI)
COM · CUSIP 24823R105
0.3%$308m11,960,230
+$76m
-106,249 shares
Trimmed
Markel Corp (MKL)
COM · CUSIP 570535104
0.3%$308m157,923
-$27m
-17,145 shares
Trimmed
Insulet (PODD)
COM · CUSIP 45784P101
0.3%$311m2,042,313
-$115m
+12,821 shares
Added
Cbre Group Inc (CBRE)
CL A · CUSIP 12504L109
0.3%$311m2,310,972
-$26m
-177,062 shares
Trimmed
EOG Resources (EOG)
COM · CUSIP 26875P101
0.3%$318m2,450,365
-$75m
-268,169 shares
Trimmed
Thermo Fisher Scientific (TMO)
COM · CUSIP 883556102
0.3%$324m645,648
-$20m
-52,793 shares
Trimmed
On Semiconductor Corp (ON)
COM · CUSIP 682189105
0.3%$324m3,423,880
+$58m
-863,424 shares
Trimmed
AutoZone (AZO)
COM · CUSIP 053332102
0.3%$324m101,423
+$53m
+21,136 shares
Added
Moody's Corp
COM · CUSIP 615369105
0.3%$325m717,871
-$8.3m
-46,395 shares
Trimmed
Dollar General Corp (DG)
COM · CUSIP 256677105
0.3%$334m2,897,946
-$41m
-254,954 shares
Trimmed
Fomento Economico Mexicano Sab ADR
SPON ADR UNITS · CUSIP 344419106
0.3%$342m2,674,055
+$4.6m
-363,741 shares
Trimmed
Guardant Health (GH)
COM · CUSIP 40131M109
0.3%$343m2,284,127
-$14m
-1,574,919 shares
Trimmed
Cullen/Frost Bankers
COM · CUSIP 229899109
0.3%$345m2,233,298No earlier filingNew
Sqm ADR
SPON ADR SER B · CUSIP 833635105
0.3%$350m4,731,131
-$112m
-976,080 shares
Trimmed
Datadog (DDOG)
COM · CUSIP 23804L103
0.3%$351m1,347,370
-$13m
-1,734,729 shares
Trimmed
Philip Morris Intl
COM · CUSIP 718172109
0.3%$354m1,957,455
+$82m
+313,252 shares
Added
CoStar Group (CSGP)
COM · CUSIP 22160N109
0.3%$373m13,154,165
-$177m
-456,757 shares
Trimmed
Aurora Innovation Class A Common
COM CL A · CUSIP 051774107
0.3%$376m55,182,704
+$75m
-18,078,996 shares
Trimmed
Copa Holdings S A (CPA)
CL A · CUSIP P31076105
0.3%$382m2,455,810
+$89m
-125,815 shares
Trimmed
Ryanair ADR
SPONSORED ADR NE · CUSIP 783513203
0.4%$397m6,136,507
-$136m
-3,088,668 shares
Trimmed
Elevance Health Inc (ELV)
COM · CUSIP 036752103
0.4%$419m1,083,237
+$76m
-89,571 shares
Trimmed
Comfort Systems USA (FIX)
COM · CUSIP 199908104
0.4%$422m212,655
+$111m
-12,463 shares
Trimmed
Service Corp.Intl.
COM · CUSIP 817565104
0.4%$422m5,553,823
-$288m
-3,051,616 shares
Trimmed
Msci (MSCI)
COM · CUSIP 55354G100
0.4%$446m796,246
-$14m
-56,111 shares
Trimmed
Medline Inc (MDLN)
COM CL A · CUSIP 58507V107
0.4%$447m11,343,036
+$3.4m
+1,367,261 shares
Added
Tsmc ADR
SPONSORED ADR · CUSIP 874039100
0.4%$459m960,732
+$26m
-321,518 shares
Trimmed
Texas Instruments (TXN)
COM · CUSIP 882508104
0.4%$461m1,546,937
+$65m
-492,320 shares
Trimmed
Watsco Inc
COM · CUSIP 942622200
0.4%$471m1,129,536
+$57m
-7,722 shares
Trimmed
Tempus Ai Inc (TEM)
CL A · CUSIP 88023B103
0.4%$475m8,190,133
+$83m
-459,223 shares
Trimmed
Affirm Holdings Inc Class A
COM CL A · CUSIP 00827B106
0.4%$478m5,856,569
+$235m
+554,272 shares
Added
RBC Bearings (RBC)
COM · CUSIP 75524B104
0.4%$490m760,468
+$330m
+466,236 shares
Added
Kaspi.kz ADR
ADR · CUSIP 48581R205
0.5%$501m5,779,168
+$121m
+655,961 shares
Added
Apple (AAPL)
COM · CUSIP 037833100
0.5%$509m1,760,591
+$333m
+1,064,500 shares
Added
Broadcom Inc (AVGO)
COM · CUSIP 11135F101
0.5%$513m1,357,957
+$483m
+1,262,231 shares
Added
e.l.f. Beauty (ELF)
COM · CUSIP 26856L103
0.5%$522m7,048,752
+$86m
-139,253 shares
Trimmed
Joby Aviation Inc (JOBY)
COM · CUSIP G65163100
0.5%$545m61,139,048
+$30m
-1,280,755 shares
Trimmed
Symbotic (SYM)
COM · CUSIP 87151X101
0.5%$551m12,263,759
-$113m
-216,129 shares
Trimmed
Duolingo Inc (DUOL)
CL A COM · CUSIP 26603R106
0.5%$555m4,824,298
+$74m
-51,512 shares
Trimmed
Royalty Pharma (RPRX)
SHS CLASS A · CUSIP G7709Q104
0.5%$562m10,015,578
-$213m
-6,140,099 shares
Trimmed
Martin Marietta Materials (MLM)
COM · CUSIP 573284106
0.5%$572m991,786
-$68m
-95,594 shares
Trimmed
CRH Plc
ADR · CUSIP G25508105
0.6%$642m5,994,916
+$641m
+5,994,453 shares
Added
Snowflake Inc (SNOW)
COM · CUSIP 833445109
0.6%$658m2,584,361
+$254m
-92,073 shares
Trimmed
Alnylam Pharmaceuticals (ALNY)
COM · CUSIP 02043Q107
0.7%$735m2,439,889
-$91m
-53,977 shares
Trimmed
The Royal Bank of Canada
COM · CUSIP 780087102
0.7%$740m3,575,634
+$740m
+3,575,540 shares
Added
Rivian Automotive Inc
COM CL A · CUSIP 76954A103
0.7%$750m43,210,348
+$90m
-611,152 shares
Trimmed
MakeMyTrip (MMYT)
SHS · CUSIP V5633W109
0.7%$782m14,670,083
+$222m
-342,880 shares
Trimmed
Petrobras Common ADR
SPONSORED ADR · CUSIP 71654V408
0.7%$786m48,618,354
-$136m
+4,179,806 shares
Added
The Ensign Group (ENSG)
COM · CUSIP 29358P101
0.7%$806m5,029,273
-$166m
+203,101 shares
Added
Qxo
COM NEW · CUSIP 82846H405
0.8%$827m47,867,886
+$563m
+34,243,647 shares
Added
Mastercard Inc-Class A
CL A · CUSIP 57636Q104
0.8%$887m1,726,830
+$204m
+360,719 shares
Added
Dexcom Inc (DXCM)
COM · CUSIP 252131107
0.9%$997m14,801,590
+$17m
-797,935 shares
Trimmed
Alphabet Inc Class A
CAP STK CL A · CUSIP 02079K305
0.9%$1.0bn2,808,512
+$444m
+861,522 shares
Added
Intuitive Surgical (ISRG)
COM NEW · CUSIP 46120E602
0.9%$1.0bn2,524,427
-$180m
-43,138 shares
Trimmed
Credicorp (BAP)
COM · CUSIP G2519Y108
0.9%$1.0bn2,585,751
+$82m
-143,747 shares
Trimmed
Microsoft (MSFT)
COM · CUSIP 594918104
0.9%$1.0bn2,713,688
-$423m
-1,164,341 shares
Trimmed
Rocket Lab Corp (RKLB)
COM · CUSIP 773121108
1.0%$1.1bn10,384,512
-$128m
-8,043,531 shares
Trimmed
Alphabet Inc Class C
CAP STK CL C · CUSIP 02079K107
1.0%$1.1bn3,087,822
+$87m
-411,422 shares
Trimmed
Roblox (RBLX)
CL A · CUSIP 771049103
1.0%$1.1bn21,124,935
-$63m
-298,077 shares
Trimmed
Netflix Inc (NFLX)
COM · CUSIP 64110L106
1.0%$1.2bn16,173,823
-$942m
-5,631,846 shares
Trimmed
Reddit (RDDT)
CL A · CUSIP 75734B100
1.1%$1.2bn7,191,302
+$264m
-117,807 shares
Trimmed
Doordash Inc (DASH)
COM · CUSIP 25809K105
1.1%$1.3bn6,808,714
+$169m
-433,101 shares
Trimmed
Moderna Inc (MRNA)
COM · CUSIP 60770K107
1.2%$1.3bn18,206,778
+$260m
-1,779,098 shares
Trimmed
Ferrari NV
COM · CUSIP N3167Y103
1.2%$1.3bn3,570,693
+$34m
-304,935 shares
Trimmed
Coupang (CPNG)
CL A · CUSIP 22266T109
1.2%$1.4bn78,743,687
-$910m
-41,912,555 shares
Trimmed
Axon Enterprise Inc (AXON)
COM · CUSIP 05464C101
1.6%$1.7bn3,059,487
+$671m
+599,760 shares
Added
Meta Platforms Inc (META)
CL A · CUSIP 30303M102
1.6%$1.8bn3,201,546
-$542m
-897,275 shares
Trimmed
Samsara (IOT)
COM CL A · CUSIP 79589L106
1.7%$1.8bn56,358,374
+$4.8m
-1,165,418 shares
Trimmed
PDD Holdings Inc (PDD)
SPONSORED ADS · CUSIP 722304102
1.8%$2.0bn26,594,535
-$869m
-1,758,564 shares
Trimmed
Nu Holdings Ltd. (NU)
ORD SHS CL A · CUSIP G6683N103
2.8%$3.1bn229,930,331
-$471m
-16,634,123 shares
Trimmed
Shopify 'A'
CL A · CUSIP 82509L107
2.9%$3.2bn28,401,394
-$199m
-618,330 shares
Trimmed
AppLovin (APP)
COM CL A · CUSIP 03831W108
3.0%$3.3bn6,471,615
+$668m
-228,517 shares
Trimmed
Cloudflare Inc (NET)
CL A COM · CUSIP 18915M107
3.2%$3.6bn14,598,594
+$295m
-1,325,829 shares
Trimmed
Spotify Technology SA
SHS · CUSIP L8681T102
3.3%$3.6bn7,928,451
-$345m
-289,752 shares
Trimmed
Sea Ltd ADR
ADR · CUSIP 81141R100
3.3%$3.7bn38,409,385
+$397m
-1,244,687 shares
Trimmed
MercadoLibre (MELI)
COM · CUSIP 58733R102
4.7%$5.2bn3,040,410
-$430m
-192,849 shares
Trimmed
Amazon.Com (AMZN)
COM · CUSIP 023135106
5.8%$6.4bn26,917,866
+$565m
-1,174,333 shares
Trimmed
Nvidia (NVDA)
COM · CUSIP 67066G104
7.6%$8.4bn41,888,806
+$1.3bn
+1,140,141 shares
Added
Space Exploration Technologies Corp (SPCX)
CL A COM · CUSIP 84615Q103
8.0%$8.8bn51,397,806No earlier filingNew

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 20266 Aug 2026$110bn27545%13F-HR
Q1 202631 Mar 20268 May 2026$97.9bn27343%13F-HR
Q4 202531 Dec 202523 Jan 2026$120bn26843%13F-HR
Q3 202530 Sept 202531 Oct 2025$135bn26745%13F-HR
Q2 202530 Jun 20256 Aug 2025$134bn26546%13F-HR
Q1 202531 Mar 20257 May 2025$115bn26644%13F-HR
Q4 202431 Dec 202431 Jan 2025$130bn27242%13F-HR
Q3 202430 Sept 20245 Nov 2024$134bn27742%13F-HR

Taking this into the room

Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.

A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.

Compare this against every other manager →How a hedge fund interview runs →

What this filing leaves out

A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.

The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.

Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More