Baillie Gifford portfolio

What changed this quarter

275 positions with a change (25 new, 53 added to, 171 trimmed, 26 sold); also, 3 entered through an IPO. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Rocket Lab−44%fewer sharesReduced
  1.2% → 1.0%
• Royal Bank of Canada+3,803,766%more sharesIncreased
  under 0.1% → 0.7%
• Coupang−35%fewer sharesReduced
  2.3% → 1.2%
• CRH public+1,294,698%more sharesIncreased
  under 0.1% → 0.6%
• QXO+251%more sharesIncreased
  0.3% → 0.8%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Space Exploration TechnologiesSPCX8.0%
• NVIDIANVDA7.6%
• Amazon.comAMZN5.8%
• MercadoLibreMELI4.7%
• SeaSE3.3%
• Spotify TechnologySPOT3.3%
• CloudflareNET3.2%
• AppLovinAPP3.0%
• ShopifySHOP2.9%
• Nu HoldingsNU2.8%
• AlphabetGOOG · GOOGL1.9%
• PDD HoldingsPDD1.8%
• SamsaraIOT1.7%
• Meta PlatformsMETA1.6%
• AXON EnterpriseAXON1.6%
• CoupangCPNG1.2%
• FerrariRACE1.2%
• ModernaMRNA1.2%
• DoorDashDASH1.1%
• RedditRDDT1.1%
• NetflixNFLX1.0%
• RobloxRBLX1.0%
• Rocket LabRKLB1.0%
• MicrosoftMSFT0.9%
• CredicorpBAP0.9%
• Intuitive SurgicalISRG0.9%
• DexcomDXCM0.9%
• MastercardMA0.8%
• QXOQXO0.8%
• Ensign GroupENSG0.7%
• Petrobras - Petroleo BrasileiroPBR0.7%
• MakeMyTripMMYT0.7%
• Rivian AutomotiveRIVN0.7%
• Royal Bank of CanadaRY0.7%
• Alnylam PharmaceuticalsALNY0.7%
• SnowflakeSNOW0.6%
• CRH publicCRH0.6%
• Martin Marietta MaterialsMLM0.5%
• Royalty PharmaRPRX0.5%
• DuolingoDUOL0.5%
• SymboticSYM0.5%
• Joby AviationJOBY0.5%
• e.l.f. BeautyELF0.5%
• BroadcomAVGO0.5%
• AppleAAPL0.5%
• Joint Stock Company Kaspi.kzKSPI0.5%
• RBC BearingsRBC0.4%
• Affirm HoldingsAFRM0.4%
• Tempus AITEM0.4%
• WatscoWSO0.4%
• Texas InstrumentsTXN0.4%
• Taiwan Semiconductor ManufacturingTSM0.4%
• MedlineMDLN0.4%
• MSCIMSCI0.4%
• Service Corporation InternationalSCI0.4%
• Comfort Systems USAFIX0.4%
• Elevance HealthELV0.4%
• Ryanair HoldingsRYAAY0.4%
• Copa HoldingsCPA0.3%
• Aurora InnovationAUR0.3%
• CoStar GroupCSGP0.3%
• Philip Morris InternationalPM0.3%
• DatadogDDOG0.3%
• Sociedad Quimica Y Minera DeSQM0.3%
• Cullen/Frost BankersCFR0.3%
• Guardant HealthGH0.3%
• Fomento Economico Mexicano SFMX0.3%
• Dollar GeneralDG0.3%
• Moody'sMCO0.3%
• AutoZoneAZO0.3%
• Thermo Fisher ScientificTMO0.3%
• ON SemiconductorON0.3%
• EOG ResourcesEOG0.3%
• CBRE GroupCBRE0.3%
• InsuletPODD0.3%
• Markel GroupMKL0.3%
• Denali TherapeuticsDNLI0.3%
• TeslaTSLA0.3%
• SharkninjaSN0.3%
• EQTEQT0.3%
• Advanced Drainage SystemsWMS0.3%
• KLAKLAC0.3%
• AtlassianTEAM0.3%
• Remitly GlobalRELY0.3%
• DeereDE0.2%
• WayfairW0.2%
• EatonETN0.2%
• United TherapeuticsUTHR0.2%
• UBER TechnologiesUBER0.2%
• Medpace HoldingsMEDP0.2%
• BrookfieldBN0.2%
• Freeport-McMoRanFCX0.2%
• IlluminaILMN0.2%
• FabrinetFN0.2%
• BrunswickBC0.2%
• Knife RiverKNF0.2%
• BlockXYZ0.2%
• Sunbelt Rentals HoldingsSUNB0.2%
• EcolabECL0.2%