Baillie Gifford & Co 13F, Q4 2025
Baillie Gifford · quarter ending 31 December 2025 · filed 23 January 2026 · SEC CIK 1088875
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 266 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| NVIDIA | NVDA | $8.18B | 6.8% | -6% shares |
| MercadoLibre | MELI | $7.01B | 5.8% | +5% shares |
| Amazon.Com | AMZN | $6.78B | 5.6% | -7% shares |
| Shopify 'A' | SHOP | $5.02B | 4.2% | -12% shares |
| Sea Ltd ADR | SE | $4.94B | 4.1% | -3% shares |
| Spotify Technology SA | $4.84B | 4.0% | -4% shares | |
| Nu Holdings Ltd. | $4.31B | 3.6% | +2% shares | |
| AppLovin | APP | $4.16B | 3.5% | unchanged |
| PDD Holdings Inc | PDD | $3.52B | 2.9% | -2% shares |
| Netflix Inc | NFLX | $3.46B | 2.9% | +912% shares |
| Coupang | CPNG | $3.45B | 2.9% | -3% shares |
| Cloudflare Inc | NET | $3.32B | 2.8% | -23% shares |
| Meta Platforms Inc | META | $2.90B | 2.4% | -17% shares |
| Microsoft | MSFT | $2.68B | 2.2% | -5% shares |
| Doordash Inc | DASH | $1.81B | 1.5% | -4% shares |
| Roblox | RBLX | $1.75B | 1.4% | -8% shares |
| Samsara | IOT | $1.69B | 1.4% | +15% shares |
| Ferrari ADR | $1.46B | 1.2% | unchanged | |
| Intuitive Surgical | ISRG | $1.44B | 1.2% | unchanged |
| RDDT | $1.37B | 1.1% | -2% shares | |
| Atlassian Corp Plc | TEAM | $1.37B | 1.1% | +4% shares |
| Rocket Lab Corp | RKLB | $1.25B | 1.0% | +47% shares |
| Alphabet Inc Class C | GOOG | $1.18B | 1.0% | +29% shares |
| Alnylam Pharmaceuticals | ALNY | $1.03B | 0.9% | -7% shares |
| Dexcom Inc | DXCM | $1.03B | 0.9% | -2% shares |
What changed since Q3 2025
Against the Q3 2025 filing, Baillie Gifford & Co opened 22 new positions, added to 61, trimmed 141, left 42 unchanged and exited 21. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 14 more
Exited
- PINSwas $250.93M
- CHWYwas $223.18M
- BLDRwas $178.21M
- INSPwas $80.46M
- ABCLwas $52.43M
- EXKwas $41.76M
- CyberArk Software Ltdwas $35.62M
- VECOwas $22.65M
and 13 more
Other quarters
Source: SEC Form 13F-HR, accession 0001088875-26-000002, 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.