Baillie Gifford & Co 13F: Q2 2026 Portfolio — $110.23B Across 273 Positions

Baillie Gifford & Co · Q2 2026

Q2 2026 rotation toward a concentrated set of high-conviction tech winners, led by a new SPCX position

Reported value

$110B

Filed 2026-08-06

Positions

273

Quarter ended 2026-06-30

Top 10 weight

44.7%

New28Added56Trimmed177Exited26View the SEC filing

Form 13F reports long US-listed positions only, up to 45 days after quarter end. It excludes shorts, cash, and non-US holdings, so the live book can differ.

Baillie Gifford & Co reported a $110.23B US-listed portfolio in its Q2 2026 Form 13F, filed with the SEC on 2026-08-06 for the quarter ended 2026-06-30. The book holds 273 positions, led by Space Exploration Technologies at 8.0% of reported value; the top three together account for 21%. Against the Q1 2026 filing, the manager opened 28 new positions, added to 56, trimmed 177, and exited 26.

Top 12 holdings

Portfolio allocation

Space Exploration TechnologiesSPCX8.0%
NvidiaNVDA7.6%
Amazon.ComAMZN5.8%
MercadolibreMELI4.7%
Sea Ltd ADRSE3.3%
Spotify TechnologySPOT3.3%
CloudflareNET3.3%
ApplovinAPP3.0%
Shopify 'A'SHOP2.9%
Nu HoldingsNU2.8%
Other holdings55.3%

Share of reported 13F value

#	Holding	Action	Weight	Value	Shares vs prior quarter
1	Space Exploration TechnologiesSPCX	New	8.0%	$8.78B	New
2	NvidiaNVDA	Added	7.6%	$8.38B	+2.8%
3	Amazon.ComAMZN	Trimmed	5.8%	$6.42B	-4.2%
4	MercadolibreMELI	Trimmed	4.7%	$5.16B	-6.0%
5	Sea Ltd ADRSE	Trimmed	3.3%	$3.68B	-3.1%
6	Spotify TechnologySPOT	Trimmed	3.3%	$3.64B	-3.5%
7	CloudflareNET	Trimmed	3.3%	$3.58B	-8.3%
8	ApplovinAPP	Trimmed	3.0%	$3.33B	-3.4%
9	Shopify 'A'SHOP	Trimmed	2.9%	$3.24B	-2.1%
10	Nu HoldingsNU	Trimmed	2.8%	$3.07B	-6.7%
11	Pdd HoldingsPDD	Trimmed	1.8%	$2.03B	-6.2%
12	SamsaraIOT	Trimmed	1.7%	$1.83B	-2.0%
	Other holdings		51.8%	$57.1B

Values and share counts as reported for 2026-06-30; weights are share of reported 13F value.

Actions compare share counts against the prior quarter's filing, so they do not move with price.

New positions and exits

New positions

Closed out

Penumbra$276M
Cme Group$127M
T. Rowe Price$42.0M
Mobileye Global$28.4M
Heartflow$26.4M
Liveramp Holdings$24.2M
Tandem Diabetes Care$20.9M
Sana Biotechnology$19.0M
Lufax Holding$15.3M
Wabtec$13.5M
Aptargroup$9.18M
Schrodinger$9.10M

Read on the quarter

What the moves add up to

Baillie Gifford & Co kept its portfolio highly concentrated in Q2 2026, with the top 10 holdings accounting for 44.7% of total value (110225053010.0) across 273 positions. The most consequential theme was a clear reinforcement of conviction in advanced technology: a new position in Space Exploration Technologies sits at a 7.97% weight (8781829133.0), joining the existing leadership exposure in Nvidia, which was added and remains at a 7.6% weight (8381531192.0).

Activity counts also show a mix of repositioning and maintenance: 28 new positions, 56 additions, 177 trims, 12 holds, and 26 exits. In the largest trims, exposure was reduced in Amazon.Com (trim; 5.82% weight, 6415604182.0), Mercadolibre (trim; 4.68% weight, 5160761529.0), and several other tech or growth-linked names including Cloudflare (trim; 3.25% weight, 3580743136.0) and Shopify 'A' (trim; 2.94% weight, 3243123464.0). Overall, the quarter reads like a rotation within technology—adding to the strongest weighted positions while systematically trimming a broader set of holdings—rather than a broad de-risking.

Context

How to read this filing

A Form 13F is a quarterly snapshot institutional managers with over $100M in US-listed assets must file within 45 days of quarter end. It shows long equity positions only: no short book, no cash, no non-US listings, no timing inside the quarter. Treat it as a delayed map of where the manager's conviction sat on the reporting date — not a live portfolio, and not a buy list.

Positions may have changed since the reporting date. Weight changes also reflect price moves, not only buying or selling — the action tags on this page are derived from share counts, which do not move with price.