WhaleCreep

Baillie Gifford 13F holdings, Q3 2025

Long-only investorSEC filingsCompare with another fundHoldings as of 2025-09-30, filed 2025-10-31

Baillie Gifford disclosed 265 US equity positions worth $135.0bn in its Q3 2025 13F filing. Its largest position is NVDA at 6.4% of the reported book, followed by MELI and SE. Versus Q2 2025 it opened 19 new positions, added to 43, reduced 182 and exited 18.

$135bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
265
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.4%
Largest position
The largest single position as a share of the reported equity book.
44.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
37
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
111
Quarters on file since Q1 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2025: 19 new, 43 added, 182 reduced, 18 exited

50 of 265
NVDA NVIDIA CORPORATIONTechnology6.4%$8.7bn46.55m−5.1%reduced
MELI MERCADOLIBREConsumer Cyclical5.7%$7.8bn3.32m−5.4%reduced
SE SEA LTDConsumer Cyclical5.3%$7.2bn40.09m−3.7%reduced
AMZN AMAZON COM INCConsumer Cyclical5.1%$7.0bn31.66m−4.9%reduced
SPOT SPOTIFY TECHNOLOGY S ACommunication Services4.5%$6.1bn8.70m−9.7%reduced
SHOP SHOPIFY INCTechnology3.9%$5.3bn35.44m−6.1%reduced
CPNG COUPANG INCConsumer Cyclical3.6%$4.8bn150.38m−6.5%reduced
NET CLOUDFLARE INCTechnology3.5%$4.7bn21.85m−14%reduced
APP APPLOVIN CORPCommunication Services3.3%$4.5bn6.25m−2.4%reduced
NFLX NETFLIX INC.Communication Services3.2%$4.4bn3.65m−6.5%reduced
PDD PDD HOLDINGS INCConsumer Cyclical3.1%$4.2bn31.80m−7.5%reduced
NU NU HLDGS LTDFinancial Services3.0%$4.0bn251.46m−3.6%reduced
META META PLATFORMS INCCommunication Services2.9%$3.9bn5.29m−3.0%reduced
RBLX ROBLOX CORPCommunication Services2.4%$3.2bn23.30m−12%reduced
MSFT MICROSOFT CORPTechnology2.2%$3.0bn5.86m−2.8%reduced
DASH DOORDASH INCConsumer Cyclical1.7%$2.2bn8.27m−8.0%reduced
RACE FERRARI N VConsumer Cyclical1.4%$1.9bn3.94m−7.4%reduced
DDOG DATADOG INCTechnology1.2%$1.6bn11.41m−4.5%reduced
IOT SAMSARA INCTechnology1.1%$1.5bn41.45m−5.6%reduced
TTD THE TRADE DESK INCCommunication Services1.1%$1.4bn29.12m−5.2%reduced
RDDT REDDIT INCCommunication Services1.0%$1.4bn6.11m−5.8%reduced
TEAM ATLASSIAN CORPORATIONTechnology1.0%$1.3bn8.12m−4.8%reduced
ALNY ALNYLAM PHARMACEUTICALS INCHealthcare0.9%$1.3bn2.79m−8.0%reduced
ISRG INTUITIVE SURGICAL INCHealthcare0.9%$1.2bn2.60m−16%reduced
DXCM DEXCOM INCHealthcare0.8%$1.1bn15.88m−4.9%reduced
ELF E L F BEAUTY INCConsumer Defensive0.7%$974m7.35m−5.4%reduced
DUOL DUOLINGO INCTechnology0.7%$910m2.83m+29%added
MA MASTERCARD INCFinancial Services0.7%$887m1.56m−2.0%reduced
XYZ BLOCK INCTechnology0.6%$842m11.66m−3.0%reduced
JOBY JOBY AVIATION INCIndustrials0.6%$814m50.42m−4.6%reduced
RYAAY RYANAIR HOLDINGS PLCIndustrials0.6%$812m13.49m−15%reduced
SCI SERVICE CORP INTLConsumer Cyclical0.6%$806m9.69m−3.1%reduced
TEM TEMPUS AI INCHealthcare0.6%$782m9.69m−20%reduced
BNTX BIONTECH SEHealthcare0.6%$777m7.88m−2.0%reduced
MLM MARTIN MARIETTA MATLS INCBasic Materials0.6%$754m1.20m−2.9%reduced
TSLA TESLA INCConsumer Cyclical0.5%$737m1.66m−2.5%reduced
GOOG ALPHABET INCCommunication Services0.5%$708m2.91m−2.1%reduced
ELV ELEVANCE HEALTH INCHealthcare0.5%$700m2.17m−3.1%reduced
CSGP COSTAR GROUP INCReal Estate0.5%$695m8.24m−3.5%reduced
SYM SYMBOTIC INCIndustrials0.5%$684m12.68m−5.6%reduced
RIVN RIVIAN AUTOMOTIVE INCConsumer Cyclical0.5%$660m44.94m−5.6%reduced
PODD INSULET CORPHealthcare0.5%$646m2.09m−2.0%reduced
SNOW SNOWFLAKE INCTechnology0.5%$631m2.80m−1.8%reduced
AZO AUTOZONE INCConsumer Cyclical0.5%$617m143,931−2.8%reduced
RPRX ROYALTY PHARMA PLCHealthcare0.5%$613m17.37m−3.6%reduced
RKLB ROCKET LAB CORPIndustrials0.4%$581m12.13m+176%added
MRNA MODERNA INCHealthcare0.4%$564m21.85m−1.1%reduced
AVAV AEROVIRONMENT INCIndustrials0.4%$562m1.78m−8.0%reduced
WIX WIX COM LTDTechnology0.4%$514m2.89m−3.1%reduced
ENSG ENSIGN GROUP INCHealthcare0.4%$487m2.82m+96%added

Exited since Q2 2025

18 rows
YMM FULL TRUCK ALLIANCE CO LTD0.1%$171m
ENTG ENTEGRIS INC0.1%$166m
TRUP TRUPANION INC0.02%$33.2m
OSCR OSCAR HEALTH INC0.01%$17.6m
AMBA AMBARELLA INC0.01%$17.1m
HSY HERSHEY CO0.01%$16.8m
SPT SPROUT SOCIAL INC0.01%$11.0m
BL BLACKLINE INC0.01%$11.0m
KMX CARMAX INC0.01%$8.5m
96669EUR DIGIMARC CORP NEW0.0%$6.3m
CDXS CODEXIS INC0.0%$4.1m
ABNB AIRBNB INC0.0%$4.1m
QTRX QUANTERIX CORP0.0%$4.0m
MDB MONGODB INC0.0%$3.8m
FCN FTI CONSULTING INC0.0%$1.1m
Nayax Ltd no ticker0.0%$414k
XYL XYLEM INC0.0%$236k
GMAB GENMAB A/S0.0%$248

Sector mix

  • Consumer Cyclical30.0%
  • Technology25.5%
  • Communication Services19.8%
  • Healthcare7.8%
  • Financial Services6.8%
  • Industrials4.4%
  • Consumer Defensive1.8%
  • Unclassified1.3%
  • Basic Materials1.2%
  • Real Estate1.0%
  • Energy0.3%
  • Utilities0.10%

Book over time

Every quarter on file (111)
QuarterPositionsEquity book
Q2 2026273$110bn
Q1 2026271$97.9bn
Q4 2025266$120bn
Q3 2025265$135bn
Q2 2025264$134bn
Q1 2025265$115bn
Q4 2024271$130bn
Q3 2024277$134bn
Q2 2024285$128bn
Q1 2024290$129bn
Q4 2023288$126bn
Q3 2023289$110bn
Q2 2023296$118bn
Q1 2023453$111bn
Q4 2022487$96.0bn
Q3 2022483$97.0bn
Q2 2022487$97.5bn
Q1 2022496$143bn
Q4 2021499$182bn
Q3 2021491$191bn
Q2 2021471$205bn
Q1 2021445$179bn
Q4 2020429$180bn
Q3 2020252$145bn
Q2 2020242$131bn
Q1 2020224$92.3bn
Q4 2019226$103bn
Q3 2019225$87.9bn
Q2 2019226$94.3bn
Q1 2019227$91.4bn
Q4 2018226$77.0bn
Q3 2018224$92.6bn
Q2 2018207$92.7bn
Q1 2018204$85.3bn
Q4 2017201$80.4bn
Q3 2017198$79.0bn
Q2 2017201$74.3bn
Q1 2017200$68.7bn
Q4 2016198$60.8bn
Q3 2016195$63.9bn
Q2 2016193$56.1bn
Q1 2016197$56.8bn
Q4 2015182$57.5bn
Q3 2015208$51.1bn
Q2 2015206$55.6bn
Q1 2015207$52.8bn
Q4 2014203$49.9bn
Q3 2014206$45.6bn
Q2 2014204$46.3bn
Q1 2014204$42.5bn
Q4 2013206$42.3bn
Q3 2013209$39.5bn
Q2 2013186$33.0bn
Q1 2013175$30.1bn
Q4 2012165$27.9bn
Q3 2012158$26.9bn
Q2 2012136$24.8bn
Q1 2012133$25.6bn
Q4 2011128$21.1bn
Q3 2011124$19.9bn
Q2 2011162$23.3bn
Q1 2011125$22.5bn
Q4 2010121$19.5bn
Q3 2010122$17.6bn
Q2 2010116$14.9bn
Q1 2010114$15.9bn
Q4 2009118$13.7bn
Q3 2009113$12.4bn
Q2 2009111$12.1bn
Q1 200994$8.5bn
Q4 200892$8.0bn
Q3 200887$11.2bn
Q2 200886$13.3bn
Q1 200884$12.1bn
Q4 2007119$19.8bn
Q3 2007127$19.0bn
Q2 2007121$17.0bn
Q1 2007113$15.5bn
Q1 2007111$15.4bn
Q4 2006115$14.5bn
Q3 2006114$11.9bn
Q2 200688$10.7bn
Q1 200686$10.5bn
Q4 200589$7.7bn
Q3 200585$7.1bn
Q2 200584$5.4bn
Q1 200584$4.5bn
Q4 200483$3.9bn
Q3 200481$3.3bn
Q2 200483$3.2bn
Q1 200480$3.5bn
Q4 200376$3.4bn
Q3 200378$2.7bn
Q2 200359$1.9bn
Q1 200358$1.7bn
Q4 200259$1.9bn
Q3 200264$1.8bn
Q2 200266$2.0bn
Q1 200269$2.2bn
Q4 200168$2.0bn
Q3 200168$1.8bn
Q2 200175$2.0bn
Q1 200178$1.9bn
Q4 200060$2.0bn
Q3 200066$2.3bn
Q2 2000100$1.7bn
Q1 2000101$1.8bn
Q4 199998$1.4bn
Q3 199989$1.4bn
Q2 199990$1.5bn
Q1 199984$1.3bn

Where Baillie Gifford was early

90 rows
IP D International PaperQ2 19991 of 1293.2%3.4%7Exited by Q3 2011−41%
PH D Parker HannifinQ3 19991 of 1523.6%4.1%6Exited by Q3 2011+200%
ADI Analog DevicesQ4 19991 of 2024.2%6.3%62Held at last filing, Q2 2026+754%
AMAT Applied MaterialsQ4 19991 of 2911.6%3.0%11Held at last filing, Q2 2026+2183%
MFC D Manulife FinancialQ4 19991 of 720.3%1.1%15Exited by Q4 2003+128%
MRSH Marsh & McLennanQ4 19991 of 1400.3%5.0%28Held at last filing, Q2 2026+248%
TXN Texas InstrumentsQ4 19991 of 2020.6%1.3%21Held at last filing, Q2 2026+517%
ADP Automatic Data ProcessingQ4 19992 of 1480.1%1.6%44Exited by Q4 2015+88%
MXIM D Maxim Integrated ProductsQ2 20001 of 1010.4%2.8%13Exited by Q3 2003+51%
EOG EOG ResourcesQ3 20001 of 1593.6%7.0%97Held at last filing, Q2 2026+1235%
COST Costco Wholesale CorporationQ3 20002 of 1773.0%4.3%36Exited by Q2 2023+1322%
BNS D Bank of Nova ScotiaQ4 20001 of 710.3%1.5%12Exited by Q4 2003+62%
CVS D CVS CorpQ4 20001 of 2161.5%1.7%3Exited by Q3 2001−36%
EXC Exelon CorporationQ4 20001 of 1305.3%5.3%44Held at last filing, Q2 2026+86%
MCHP Microchip TechnologyQ4 20001 of 1700.3%1.1%59Exited by Q4 2018+440%
MTB M&T Bank CorpQ1 20011 of 1453.0%4.5%83Exited by Q1 2023+108%
RY The Royal Bank of CanadaQ1 20011 of 800.0%1.3%18Held at last filing, Q2 2026+1278%
STT D State Str.BostonQ1 20011 of 1390.02%4.7%24Exited by Q1 2007+44%
WMT Wal-Mart StoresQ1 20012 of 2010.0%1.9%67Exited by Q2 2023+192%
JNJ Johnson & JohnsonQ1 20015 of 1690.0%1.2%65Exited by Q2 2023+254%
MCO Moody's CorpQ4 20014 of 1761.4%7.2%99Held at last filing, Q2 2026+2173%
PEP PepsicoQ2 20023 of 1390.0%1.4%97Held at last filing, Q2 2026+181%
PBR Petrobras Common ADRQ3 20031 of 1192.3%10.4%61Held at last filing, Q2 2026+182%
PBR/A Petrobras Pref ADRQ3 20031 of 702.5%7.8%75Held at last filing, Q2 2026−39%
AMXN America Movil 'L Shares' ADRQ3 20032 of 601.8%4.0%47Exited by Q2 2015+254%
HSY Hershey Foods CorporationQ3 20032 of 1251.9%3.0%32Exited by Q3 2025+357%
TEVA Teva Pharmaceutical ADRQ3 20032 of 1823.5%6.0%41Exited by Q2 2015+118%
TROW T. Rowe PriceQ3 20032 of 1202.3%2.6%44Exited by Q2 2026+337%
CX Cemex ADRQ1 20042 of 941.3%1.6%79Exited by Q2 2025−50%
COP D ConocoPhillipsQ2 20042 of 1553.4%4.0%24Exited by Q3 2011+97%
AMZN Amazon.ComQ4 20041 of 3780.5%11.2%87Held at last filing, Q2 2026+10663%
TS D TenarisQ4 20041 of 940.06%1.7%14Exited by Q2 2008+410%
MKL Markel CorpQ4 20043 of 1020.5%1.6%87Held at last filing, Q2 2026+437%
ROK Rockwell AutomationQ1 20052 of 1401.6%1.6%39Exited by Q4 2014+94%
FAST FastenalQ1 20053 of 1420.5%1.0%82Held at last filing, Q2 2026+1290%
EBAY eBayQ2 20056 of 1860.4%7.1%44Exited by Q2 2016+72%
INFY Infosys Ltd ADRQ3 20051 of 940.1%2.3%61Held at last filing, Q2 2026+126%
PHM D Pulte HomesQ3 20056 of 1500.4%2.6%9Exited by Q4 2007−68%
TSM TSMC ADRQ1 20063 of 3290.2%2.3%61Held at last filing, Q2 2026+4814%
DE Deere & CoQ1 20071 of 1850.2%5.0%56Held at last filing, Q2 2026+1068%
KMX Carmax IncQ2 20075 of 1680.02%1.0%65Exited by Q3 2025+164%
FSLR D First SolarQ3 20072 of 2140.0%4.3%18Exited by Q1 2012−71%
BAP CredicorpQ4 20071 of 830.2%2.4%75Held at last filing, Q2 2026+431%
USX1 D United States Steel CorpQ4 20072 of 1740.9%2.6%6Exited by Q2 2009−82%
POOL SCP Pool CorporationQ1 20084 of 1551.0%1.5%26Exited by Q3 2024+1527%
BIDU Baidu.com Sponsored ADRQ1 20088 of 2310.0%16.1%69Held at last filing, Q2 2026+377%
AAPL AppleQ1 200815 of 2750.06%6.7%74Held at last filing, Q2 2026+5546%
9990302D Apache CorpQ2 20083 of 841.1%1.3%47Exited by Q1 2020−82%
KR D KrogerQ4 20083 of 1600.9%1.1%4Exited by Q4 2009−22%
ITUB Itau Unibanco Holding SA-ADRQ2 20091 of 850.7%4.8%69Held at last filing, Q2 2026+42%

Concentration and tenure

8.4%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
46.8%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
7
Median completed holding, quarters