Baillie Gifford & Co 13F, Q2 2025
Baillie Gifford · quarter ending 30 June 2025 · filed 6 August 2025 · SEC CIK 1088875
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 264 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| MercadoLibre | MELI | $9.16B | 6.8% | -7% shares |
| NVIDIA | NVDA | $7.75B | 5.8% | +5% shares |
| Spotify Technology SA | $7.39B | 5.5% | -11% shares | |
| Amazon.Com | AMZN | $7.30B | 5.5% | -4% shares |
| Sea Ltd ADR | SE | $6.66B | 5.0% | +5% shares |
| Netflix Inc | NFLX | $5.23B | 3.9% | -3% shares |
| Cloudflare Inc | NET | $5.00B | 3.7% | -7% shares |
| Coupang | CPNG | $4.82B | 3.6% | +4% shares |
| Shopify 'A' | SHOP | $4.35B | 3.3% | -32% shares |
| Meta Platforms Inc | META | $4.02B | 3.0% | -7% shares |
| PDD Holdings Inc | PDD | $3.60B | 2.7% | -14% shares |
| Nu Holdings Ltd. | $3.58B | 2.7% | unchanged | |
| Microsoft | MSFT | $3.00B | 2.2% | -14% shares |
| Roblox | RBLX | $2.78B | 2.1% | -4% shares |
| AppLovin | APP | $2.24B | 1.7% | +21% shares |
| Doordash Inc | DASH | $2.22B | 1.6% | -25% shares |
| The Trade Desk | TTD | $2.21B | 1.6% | -2% shares |
| Ferrari NV | $2.08B | 1.6% | -8% shares | |
| Samsara | IOT | $1.75B | 1.3% | +24% shares |
| Atlassian Corp Plc | TEAM | $1.73B | 1.3% | unchanged |
| Intuitive Surgical | ISRG | $1.69B | 1.3% | unchanged |
| Datadog | DDOG | $1.61B | 1.2% | -3% shares |
| Dexcom Inc | DXCM | $1.46B | 1.1% | +18% shares |
| Alnylam Pharmaceuticals | ALNY | $988.67M | 0.7% | -17% shares |
| RDDT | $976.04M | 0.7% | +764% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Baillie Gifford & Co opened 19 new positions, added to 40, trimmed 133, left 72 unchanged and exited 20. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- TEM$768.45M
- DG$383.84M
- FTAI Aviation$295.57M
- MSCI$207.92M
- EPAM$189.61M
- RKLB$157.07M
- PONY$94.21M
- Accenture 'A'$70.11M
and 11 more
Exited
- ONCwas $988.17M
- Elasticwas $698.86M
- ROKUwas $175.33M
- SITEwas $163.18M
- Norwegian Cruise Line Holdingswas $139.79M
- NEOGwas $79.41M
- CXwas $34.50M
- JMIAwas $18.55M
and 12 more
Other quarters
Source: SEC Form 13F-HR, accession 0001088875-25-000057, filed by BAILLIE GIFFORD & CO. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.