BAILLIE GIFFORD & CO

EDINBURGH, X0 · CIK 1088875 · 13F filing filed 2026-08-06

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$110.2bn reported value +12.6% vs Q1 2026

273positions

44.7%in top 10

28 new 57 added 180 reduced 26 sold out vs Q1 2026

This report includes the holdings of 4 other managers that share the investment decisions:

BAILLIE GIFFORD & CO LTD – reports through this filing
BAILLIE GIFFORD OVERSEAS LTD – reports through this filing
Baillie Gifford International LLC – reports through this filing
Baillie Gifford Investment Management (Europe) Ltd – reports through this filing

Also in the report of:

Russell Investments Group, Ltd. – $7.1m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	51,397,806	$8.8bn7.97%	7.97%	New
2	NVIDIA CORPORATION COM NVDA	NVDA	41,888,806	$8.4bn7.60%	7.60%	Added +1.1m	+1,140,141 2.8%
3	AMAZON COM INC COM AMZN	AMZN	26,917,866	$6.4bn5.82%	5.82%	Reduced -1.2m	-1,174,333 -4.2%
4	MERCADOLIBRE INC COM MELI	MELI	3,040,410	$5.2bn4.68%	4.68%	Reduced -192.8k	-192,849 -6.0%
5	SEA LTD SPONSORD ADS SE	SE	38,409,385	$3.7bn3.34%	3.34%	Reduced -1.2m	-1,244,687 -3.1%
6	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	7,928,451	$3.6bn3.30%	3.30%	Reduced -289.8k	-289,752 -3.5%
7	CLOUDFLARE INC CL A COM NET	NET	14,598,594	$3.6bn3.25%	3.25%	Reduced -1.3m	-1,325,829 -8.3%
8	APPLOVIN CORP COM CL A APP	APP	6,471,615	$3.3bn3.03%	3.03%	Reduced -228.5k	-228,517 -3.4%
9	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	28,403,600	$3.2bn2.94%	2.94%	Reduced -618.2k	-618,241 -2.1%
10	NU HLDGS LTD ORD SHS CL A NU	NU	229,930,331	$3.1bn2.79%	2.79%	Reduced -16.6m	-16,634,123 -6.8%
11	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	26,594,535	$2.0bn1.84%	1.84%	Reduced -1.8m	-1,758,564 -6.2%
12	SAMSARA INC COM CL A IOT	IOT	56,358,374	$1.8bn1.66%	1.66%	Reduced -1.2m	-1,165,418 -2.0%
13	META PLATFORMS INC CL A META	META	3,201,546	$1.8bn1.64%	1.64%	Reduced -897.3k	-897,275 -21.9%
14	AXON ENTERPRISE INC COM AXON	AXON	3,059,487	$1.7bn1.56%	1.56%	Added +599.8k	+599,760 24.4%
15	COUPANG INC CL A CPNG	CPNG	78,743,687	$1.4bn1.24%	1.24%	Reduced -41.9m	-41,912,555 -34.7%
16	FERRARI N V COM RACE	RACE	3,570,726	$1.3bn1.20%	1.20%	Reduced -304.9k	-304,934 -7.9%
17	MODERNA INC COM MRNA	MRNA	18,206,778	$1.3bn1.16%	1.16%	Reduced -1.8m	-1,779,098 -8.9%
18	DOORDASH INC CL A DASH	DASH	6,808,714	$1.3bn1.14%	1.14%	Reduced -433.1k	-433,101 -6.0%
19	REDDIT INC CL A RDDT	RDDT	7,191,302	$1.2bn1.13%	1.13%	Reduced -117.8k	-117,807 -1.6%
20	NETFLIX INC COM NFLX	NFLX	16,173,823	$1.2bn1.05%	1.05%	Reduced -5.6m	-5,631,846 -25.8%
21	ROBLOX CORP CL A RBLX	RBLX	21,124,935	$1.1bn1.04%	1.04%	Reduced -298.1k	-298,077 -1.4%
22	ALPHABET INC CAP STK CL C GOOG	GOOG	3,087,822	$1.1bn0.99%	0.99%	Reduced -411.4k	-411,422 -11.8%
23	ROCKET LAB CORP COM RKLB	RKLB	10,384,512	$1.1bn0.96%	0.96%	Reduced -8.0m	-8,043,531 -43.6%
24	MICROSOFT CORP COM MSFT	MSFT	2,713,688	$1.0bn0.92%	0.92%	Reduced -1.2m	-1,164,341 -30.0%
25	CREDICORP LTD COM BAP	BAP	2,585,751	$1.0bn0.91%	0.91%	Reduced -143.7k	-143,747 -5.3%
26	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	2,524,427	$1.0bn0.91%	0.91%	Reduced -43.1k	-43,138 -1.7%
27	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,808,512	$1.0bn0.91%	0.91%	Added +861.5k	+861,522 44.2%
28	DEXCOM INC COM DXCM	DXCM	14,801,590	$996.9m0.90%	0.90%	Reduced -797.9k	-797,935 -5.1%
29	MASTERCARD INCORPORATED CL A MA	MA	1,726,830	$886.9m0.80%	0.80%	Added +360.7k	+360,719 26.4%
30	QXO INC COM NEW QXO	QXO	47,867,886	$827.2m0.75%	0.75%	Added +34.2m	+34,243,647 251.3%
31	ENSIGN GROUP INC COM ENSG	ENSG	5,029,273	$806.2m0.73%	0.73%	Added +203.1k	+203,101 4.2%
32	PETROLEO BRASILEIRO SA PETRO SPONSORED ADR PBR	PBR	48,618,354	$785.7m0.71%	0.71%	Added +4.2m	+4,179,806 9.4%
33	MAKEMYTRIP LIMITED MAURITIUS SHS MMYT	MMYT	14,670,083	$781.8m0.71%	0.71%	Reduced -342.9k	-342,880 -2.3%
34	RIVIAN AUTOMOTIVE INC COM CL A RIVN	RIVN	43,210,348	$749.7m0.68%	0.68%	Reduced -611.2k	-611,152 -1.4%
35	ROYAL BK CDA COM RY	RY	3,575,634	$740.2m0.67%	0.67%	Added +3.6m	+3,575,540 3803766.0%
36	ALNYLAM PHARMACEUTICALS INC COM ALNY	ALNY	2,439,889	$734.5m0.67%	0.67%	Reduced -54.0k	-53,977 -2.2%
37	SNOWFLAKE INC CL A SNOW	SNOW	2,584,361	$657.7m0.60%	0.60%	Reduced -92.1k	-92,073 -3.4%
38	CRH PLC ORD CRH	CRH	5,994,916	$641.5m0.58%	0.58%	Added +6.0m	+5,994,453 1294698.3%
39	MARTIN MARIETTA MATLS INC COM MLM	MLM	991,786	$572.0m0.52%	0.52%	Reduced -95.6k	-95,594 -8.8%
40	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	10,015,578	$561.6m0.51%	0.51%	Reduced -6.1m	-6,140,099 -38.0%
41	DUOLINGO INC CL A COM DUOL	DUOL	4,824,298	$554.9m0.50%	0.50%	Reduced -51.5k	-51,512 -1.1%
42	SYMBOTIC INC CLASS A COM SYM	SYM	12,263,759	$551.3m0.50%	0.50%	Reduced -216.1k	-216,129 -1.7%
43	JOBY AVIATION INC COMMON STOCK JOBY	JOBY	61,139,048	$545.4m0.49%	0.49%	Reduced -1.3m	-1,280,755 -2.0%
44	E L F BEAUTY INC COM ELF	ELF	7,048,752	$521.6m0.47%	0.47%	Reduced -139.3k	-139,253 -1.9%
45	BROADCOM INC COM AVGO	AVGO	1,357,957	$513.0m0.47%	0.47%	Added +1.3m	+1,262,231 1318.6%
46	APPLE INC COM AAPL	AAPL	1,760,591	$509.4m0.46%	0.46%	Added +1.1m	+1,064,500 152.9%
47	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	5,779,168	$500.7m0.45%	0.45%	Added +656.0k	+655,961 12.8%
48	RBC BEARINGS INC COM RBC	RBC	760,468	$489.8m0.44%	0.44%	Added +466.2k	+466,236 158.5%
49	AFFIRM HLDGS INC COM CL A AFRM	AFRM	5,856,569	$477.6m0.43%	0.43%	Added +554.3k	+554,272 10.4%
50	TEMPUS AI INC CL A TEM	TEM	8,190,133	$474.5m0.43%	0.43%	Reduced -459.2k	-459,223 -5.3%
51	WATSCO INC COM WSO	WSO	1,129,536	$470.7m0.43%	0.43%	Reduced -7.7k	-7,722 -0.7%
52	TEXAS INSTRS INC COM TXN	TXN	1,546,937	$461.1m0.42%	0.42%	Reduced -492.3k	-492,320 -24.1%
53	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	960,732	$458.8m0.42%	0.42%	Reduced -321.5k	-321,518 -25.1%
54	MEDLINE INC COM CL A MDLN	MDLN	11,343,036	$447.4m0.41%	0.41%	Added +1.4m	+1,367,261 13.7%
55	MSCI INC COM MSCI	MSCI	796,246	$445.9m0.40%	0.40%	Reduced -56.1k	-56,111 -6.6%
56	SERVICE CORP INTL COM SCI	SCI	5,553,823	$421.9m0.38%	0.38%	Reduced -3.1m	-3,051,616 -35.5%
57	COMFORT SYS USA INC COM FIX	FIX	212,655	$421.5m0.38%	0.38%	Reduced -12.5k	-12,463 -5.5%
58	ELEVANCE HEALTH INC COM ELV	ELV	1,083,237	$418.9m0.38%	0.38%	Reduced -89.6k	-89,571 -7.6%
59	RYANAIR HOLDINGS PLC SPONSORED ADR RYAAY	RYAAY	6,136,507	$397.3m0.36%	0.36%	Reduced -3.1m	-3,088,668 -33.5%
60	COPA HOLDINGS SA CL A CPA	CPA	2,455,810	$382.1m0.35%	0.35%	Reduced -125.8k	-125,815 -4.9%
61	AURORA INNOVATION INC CLASS A COM AUR	AUR	55,182,704	$376.3m0.34%	0.34%	Reduced -18.1m	-18,078,996 -24.7%
62	COSTAR GROUP INC COM CSGP	CSGP	13,154,165	$372.5m0.34%	0.34%	Reduced -456.8k	-456,757 -3.4%
63	PHILIP MORRIS INTL INC COM PM	PM	1,957,455	$354.1m0.32%	0.32%	Added +313.3k	+313,252 19.1%
64	DATADOG INC CL A COM DDOG	DDOG	1,347,370	$350.8m0.32%	0.32%	Reduced -1.7m	-1,734,729 -56.3%
65	SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B SQM	SQM	4,731,131	$350.3m0.32%	0.32%	Reduced -976.1k	-976,080 -17.1%
66	CULLEN FROST BANKERS INC COM CFR	CFR	2,233,298	$345.1m0.31%	0.31%	New
67	GUARDANT HEALTH INC COM GH	GH	2,284,127	$342.7m0.31%	0.31%	Reduced -1.6m	-1,574,919 -40.8%
68	FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS FMX	FMX	2,674,055	$342.0m0.31%	0.31%	Reduced -363.7k	-363,741 -12.0%
69	DOLLAR GEN CORP NEW COM DG	DG	2,897,946	$333.6m0.30%	0.30%	Reduced -255.0k	-254,954 -8.1%
70	MOODYS CORP COM MCO	MCO	717,871	$325.1m0.29%	0.29%	Reduced -46.4k	-46,395 -6.1%
71	AUTOZONE INC COM AZO	AZO	101,423	$324.1m0.29%	0.29%	Added +21.1k	+21,136 26.3%
72	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	645,648	$323.7m0.29%	0.29%	Reduced -52.8k	-52,793 -7.6%
73	ON SEMICONDUCTOR CORP COM ON	ON	3,423,880	$323.7m0.29%	0.29%	Reduced -863.4k	-863,424 -20.1%
74	EOG RES INC COM EOG	EOG	2,450,365	$317.9m0.29%	0.29%	Reduced -268.2k	-268,169 -9.9%
75	CBRE GROUP INC CL A CBRE	CBRE	2,310,972	$311.3m0.28%	0.28%	Reduced -177.1k	-177,062 -7.1%
76	INSULET CORP COM PODD	PODD	2,042,313	$310.9m0.28%	0.28%	Added +12.8k	+12,821 0.6%
77	MARKEL GROUP INC COM MKL	MKL	157,923	$308.4m0.28%	0.28%	Reduced -17.1k	-17,145 -9.8%
78	DENALI THERAPEUTICS INC COM DNLI	DNLI	11,960,230	$307.6m0.28%	0.28%	Reduced -106.2k	-106,249 -0.9%
79	TESLA INC COM TSLA	TSLA	730,641	$307.3m0.28%	0.28%	Reduced -571.5k	-571,507 -43.9%
80	SHARKNINJA INC COM SHS SN	SN	1,912,105	$291.2m0.26%	0.26%	Reduced -27.2k	-27,211 -1.4%
81	EQT CORP COM EQT	EQT	5,472,472	$291.0m0.26%	0.26%	Added +1.5m	+1,541,421 39.2%
82	ADVANCED DRAIN SYS INC DEL COM WMS	WMS	1,835,297	$288.1m0.26%	0.26%	Reduced -212.1k	-212,052 -10.4%
83	KLA CORP COM NEW KLAC	KLAC	946,638	$285.6m0.26%	0.26%	New
84	ATLASSIAN CORPORATION CL A TEAM	TEAM	3,658,205	$284.6m0.26%	0.26%	Reduced -6.3m	-6,305,234 -63.3%
85	REMITLY GLOBAL INC COM RELY	RELY	12,383,664	$277.5m0.25%	0.25%	Added +565.4k	+565,357 4.8%
86	DEERE & CO COM DE	DE	428,051	$271.5m0.25%	0.25%	Reduced -77.0k	-76,966 -15.2%
87	WAYFAIR INC CL A W	W	2,811,620	$259.8m0.24%	0.24%	Reduced -50.6k	-50,589 -1.8%
88	EATON CORP PLC SHS ETN	ETN	598,890	$255.2m0.23%	0.23%	Reduced -18.5k	-18,476 -3.0%
89	UNITED THERAPEUTICS CORP DEL COM UTHR	UTHR	467,209	$253.1m0.23%	0.23%	Added +39.1k	+39,082 9.1%
90	UBER TECHNOLOGIES INC COM UBER	UBER	3,483,820	$251.4m0.23%	0.23%	Reduced -190.1k	-190,081 -5.2%
91	MEDPACE HLDGS INC COM MEDP	MEDP	473,211	$250.6m0.23%	0.23%	Reduced -30.0k	-29,980 -6.0%
92	BROOKFIELD CORP CL A LTD VT SH BN	BN	5,838,391	$248.7m0.23%	0.23%	Reduced -777.6k	-777,642 -11.8%
93	FREEPORT-MCMORAN INC CL B FCX	FCX	3,764,376	$236.7m0.21%	0.21%	Reduced -225.2k	-225,175 -5.6%
94	ILLUMINA INC COM ILMN	ILMN	1,335,846	$234.9m0.21%	0.21%	Reduced -199.3k	-199,260 -13.0%
95	FABRINET SHS FN	FN	415,079	$233.3m0.21%	0.21%	Reduced -45.4k	-45,417 -9.9%
96	BRUNSWICK CORP COM BC	BC	2,740,077	$230.8m0.21%	0.21%	Reduced -150.6k	-150,559 -5.2%
97	KNIFE RIVER CORP COMMON STOCK KNF	KNF	2,739,232	$229.1m0.21%	0.21%	Added +71.0k	+70,984 2.7%
98	BLOCK INC CL A XYZ	XYZ	2,886,376	$219.4m0.20%	0.20%	Added +220.1k	+220,121 8.3%
99	SUNBELT RENTALS HOLDINGS INC SHS SUNB	SUNB	2,948,390	$215.1m0.20%	0.20%	Reduced -163.4k	-163,423 -5.2%
100	ECOLAB INC COM ECL	ECL	734,234	$204.6m0.19%	0.19%	Added +38.9k	+38,893 5.6%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
PENUMBRA INC PEN	PEN	840,427	$276.0m840.4k shares
CME GROUP INC CME	CME	430,242	$127.1m430.2k shares
PRICE T ROWE GROUP INC TROW	TROW	465,792	$42.0m465.8k shares
MOBILEYE GLOBAL INC MBLY	MBLY	4,140,398	$28.4m4.1m shares
HEARTFLOW INC HTFL	HTFL	1,084,652	$26.4m1.1m shares
LIVERAMP HLDGS INC RAMP	RAMP	911,277	$24.2m911.3k shares
TANDEM DIABETES CARE INC TNDM	TNDM	1,089,393	$20.9m1.1m shares
SANA BIOTECHNOLOGY INC SANA	SANA	6,609,065	$19.0m6.6m shares
LUFAX HOLDING LTD LU	LU	8,186,456	$15.3m8.2m shares
WABTEC WAB	WAB	54,000	$13.5m54.0k shares
APTARGROUP INC ATR	ATR	72,806	$9.2m72.8k shares
SCHRODINGER INC SDGR	SDGR	801,170	$9.1m801.2k shares
MSA SAFETY INC MSA	MSA	50,591	$8.3m50.6k shares
PROGRESSIVE CORP PGR	PGR	36,167	$7.2m36.2k shares
COGNEX CORP CGNX	CGNX	128,078	$6.3m128.1k shares
SYNOPSYS INC SNPS	SNPS	15,812	$6.3m15.8k shares
UNITEDHEALTH GROUP INC UNH	UNH	20,444	$5.5m20.4k shares
MARKETAXESS HLDGS INC MKTX	MKTX	29,032	$4.8m29.0k shares
CABLE ONE INC CABO 1.125 03.15.28	CABO 1.125 03.15.28	6,202,000	$4.8m6.2m shares
RXSIGHT INC RXST	RXST	690,279	$4.3m690.3k shares
WARBY PARKER INC WRBY	WRBY	169,148	$3.6m169.1k shares
THE TRADE DESK INC TTD	TTD	150,381	$3.4m150.4k shares
FRESHPET INC FRPT	FRPT	8,464	$499.0k8.5k shares
STANTEC INC STN	STN	413	$35.6k413 shares
FULL TRUCK ALLIANCE CO LTD YMM	YMM	1,158	$9.6k1.2k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ODDITY TECH LTD ODD · 13G · filed 2026-10-20	ODD	21.2%≈ $111.0m	-1.2 pts	13G	2026-10-20
MAKEMYTRIP LIMITED MAURITIUS MMYT · 13G · filed 2026-03-04	MMYT	16.3%≈ $778.6m		13G	2026-03-04
MOBILE INFRASTRUCTURE CORP BEEP · 13G · filed 2025-02-12	BEEP	14.6%≈ $9.2m	-1.1 pts	13G	2025-02-12
SAMSARA INC IOT · 13G · filed 2026-10-21	IOT	14.2%≈ $1.7bn	-1.4 pts	13G	2026-10-21
E L F BEAUTY INC ELF · 13G · filed 2026-08-04	ELF	11.9%≈ $521.6m	-1.1 pts	13G	2026-08-04
DUOLINGO INC DUOL · 13G · filed 2026-10-20	DUOL	11.3%≈ $523.9m	-1.1 pts	13G	2026-10-20
WISE GROUP PLC WSE · 13G · filed 2026-06-03	WSE	10.5%≈ $1.3bn	new	13G	2026-06-03
SYMBOTIC INC SYM · 13G · filed 2026-02-09	SYM	10.2%≈ $559.2m	-2.1 pts	13G	2026-02-09
COPA HOLDINGS SA CPA · 13G · filed 2026-05-07	CPA	8.6%≈ $401.6m	-1.0 pts	13G	2026-05-07
SWEETGREEN INC SG · 13G · filed 2026-10-20	SG	8.0%≈ $75.2m	-2.4 pts	13G	2026-10-20
ENSIGN GROUP INC ENSG · 13G · filed 2026-02-09	ENSG	7.9%≈ $732.5m	new	13G	2026-02-09
DENALI THERAPEUTICS INC DNLI · 13G · filed 2026-08-04	DNLI	7.5%≈ $307.6m	-1.1 pts	13G	2026-08-04
SAVERS VALUE VLG INC SVV · 13G · filed 2026-10-21	SVV	7.4%≈ $115.1m	+1.3 pts	13G	2026-10-21
SEA LTD SE · 13G · filed 2026-10-21	SE	6.6%	-1.2 pts	13G	2026-10-21
GINKGO BIOWORKS HOLDINGS INC 13G · filed 2025-02-12		6.5%	-2.7 pts	13G	2025-02-12
MERCADOLIBRE INC MELI · 13G · filed 2026-05-06	MELI	6.4%≈ $5.5bn	-1.1 pts	13G	2026-05-06
MAKEMYTRIP LIMITED MAURITIUS MMYT 0 02.15.28 · 13G · filed 2025-08-08	MMYT 0 02.15.28	6.4%	-1.0 pts	13G	2025-08-08
WIX COM LTD WIX · 13G · filed 2026-08-03	WIX	6.1%≈ $115.3m	+1.2 pts	13G	2026-08-03
NU HLDGS LTD NU · 13G · filed 2026-08-03	NU	6.0%≈ $3.1bn	-1.0 pts	13G	2026-08-03
BOLT PROJS HLDGS INC 13G · filed 2025-08-08		6.0%	-1.8 pts	13G	2025-08-08
WIX COM LTD WIX 0 08.15.25 · 13G · filed 2025-04-30	WIX 0 08.15.25	5.8%	-4.4 pts	13G	2025-04-30
JOBY AVIATION INC JOBY · 13G · filed 2026-02-09	JOBY	5.4%≈ $442.2m	-1.4 pts	13G	2026-02-09