Baillie Gifford

Q4 2015 13F

As of: Dec 31, 2015
Filed: Feb 8, 2016
US stock: $57.5B · prev $51.1B
Positions: 182 · prev 208
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves171 since the prior filing

+6.3 pp in · −6.3 pp out

New 9 +2.21 pp
Added 80 +4.05 pp
Trimmed 47 −1.21 pp
Exited 35 −5.10 pp

The book

Focused · behaves like 29 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 26% a year, about 3.8 years per position

Low
Moderate
High

Top 5 positions34% of US stock

AMZN Amazon.Com Inc trimmed+0.32 pp trimmed+0.329.6%
BIDU Baidu, Inc. added+1.52 pp added+1.528.2%
ILMN Illumina Inc added+0.74 pp added+0.745.8%
BABA Alibaba Group Holding Limited added+1.21 pp added+1.215.6%
META Meta Platforms, Inc. Class A trimmed+0.11 pp trimmed+0.114.5%

Positions182 in this filing · 35 exited


AMZNAmazon.Com Inc	9.57%	8,143,088	$5.5B	trimmed−12%	+0.32 pp	11 q
BIDUBaidu, Inc.	8.17%	24,860,029	$4.7B	added0%	+1.52 pp	11 q
ILMNIllumina Inc	5.84%	17,495,160	$3.4B	added+18%	+0.74 pp	11 q
BABAAlibaba Group Holding Limited	5.64%	39,875,434	$3.2B	added+4%	+1.21 pp	6 q
METAMeta Platforms, Inc. Class A	4.52%	24,819,991	$2.6B	trimmed−1%	+0.11 pp	11 q
TSLATesla, Inc.	4.47%	10,714,449	$2.6B	added+13%	−0.15 pp	11 q
GOOGAlphabet Inc. Class C	4.13%	3,131,071	$2.4B	trimmed−1%	+0.38 pp	7 q
unresolvedFiat Chrysler Automobiles NV s	3.01%	123,348,880	$1.7B	added0%	−0.11 pp	5 q
RCLRoyal Caribbean Group	2.53%	14,377,540	$1.5B	trimmed−6%	−0.13 pp	11 q
CTRPTrip.com Group Limited	2.18%	27,054,895	$1.3B	added+20%	+0.79 pp	11 q
ISRGIntuitive Surgical Inc.	2.17%	2,288,372	$1.2B	trimmed−2%	+0.07 pp	11 q
MKLMarkel Group Inc.	1.55%	1,006,576	$889M	added+1%	−0.01 pp	11 q
TRIPTripAdvisor, Inc.	1.46%	9,853,642	$840M	added+2%	+0.27 pp	11 q
FRCBFirst Republic Bk CA	1.44%	12,538,164	$828M	added+8%	+0.01 pp	11 q
SGENSeagen Inc.	1.34%	17,152,807	$770M	added0%	+0.05 pp	11 q
AMTTd Ameritrade Holding Corp	1.33%	22,021,106	$764M	added+5%	+0.02 pp	11 q
ELVElevance Health, Inc.	1.32%	5,423,887	$756M	trimmed−0%	−0.17 pp	5 q
MELIMercado Libre, Inc	1.27%	6,386,327	$730M	trimmed−2%	+0.11 pp	11 q
unresolvedLinkedin Corp Cl A	1.21%	3,079,053	$693M	trimmed−3%	+0.02 pp	11 q
RYAAYRyanair Holdings plc	1.20%	7,996,285	$691M	new	+1.20 pp	new
MTBM&T Bank Corp.	1.14%	5,421,905	$657M	added+4%	−0.10 pp	11 q
CRMSalesforce, Inc.	1.13%	8,297,439	$651M	trimmed−2%	−0.02 pp	11 q
MAMastercard Incorporated	1.08%	6,404,493	$624M	added+4%	0.00 pp	11 q
JDJD.com, Inc.	1.07%	19,158,923	$618M	added+11%	+0.19 pp	7 q
WDAYWorkday, Inc. Class A	1.04%	7,477,016	$596M	added+12%	+0.14 pp	11 q
MCOMoody's Corporation	1.00%	5,727,056	$575M	added+8%	−0.02 pp	11 q
NFLXNetFlix Inc	0.98%	4,940,283	$565M	added+4%	+0.02 pp	4 q
WATWaters Corp	0.95%	4,077,861	$549M	added+5%	+0.05 pp	11 q
VVISA Inc.	0.93%	6,868,214	$533M	added+7%	+0.05 pp	11 q
IONSIonis Pharmaceuticals, Inc.	0.87%	8,078,518	$500M	new	+0.87 pp	new
KMXCarMax Inc.	0.86%	9,118,409	$492M	added+8%	−0.12 pp	11 q
MYGNMyriad Genetics Inc	0.85%	11,316,328	$488M	added+6%	+0.07 pp	10 q
MLMMartin Marietta Materials	0.84%	3,549,066	$485M	added+4%	−0.17 pp	11 q
HOGHarley-Davidson, Inc.	0.83%	10,544,632	$479M	added+7%	−0.23 pp	11 q
SPLKSplunk Inc	0.77%	7,481,302	$440M	trimmed−3%	−0.06 pp	9 q
unresolvedWhole Foods Market	0.77%	13,292,800	$445M	trimmed−4%	−0.09 pp	11 q
EOGEOG Resources, Inc.	0.71%	5,789,720	$410M	added+5%	−0.07 pp	11 q
CLColgate-Palmolive Company	0.70%	6,083,929	$405M	added+5%	−0.02 pp	11 q
LCHappen, Inc.	0.66%	34,397,891	$380M	added+7%	−0.17 pp	5 q
CHRWC.H. Robinson Worldwide, Inc.	0.65%	5,996,891	$372M	added+6%	−0.10 pp	10 q
EMBJEmbraer S.A.	0.65%	12,730,888	$376M	trimmed−9%	−0.05 pp	11 q
PYPLPayPal Holdings, Inc.	0.61%	9,708,280	$351M	added+4%	+0.04 pp	2 q
TERTeradyne, Inc.	0.61%	17,074,071	$353M	added+7%	+0.05 pp	11 q
NBISNebius Group N.V. Class A	0.61%	22,308,791	$351M	added+14%	+0.20 pp	8 q
XLNXXilinx Inc	0.60%	7,356,114	$346M	trimmed−2%	−0.03 pp	11 q
AXPAmerican Express Company	0.57%	4,751,625	$330M	added+6%	−0.08 pp	10 q
unresolvedMonsanto Co	0.56%	3,294,874	$325M	added+4%	+0.03 pp	11 q
unresolvedBluebird Bio Inc	0.55%	4,883,321	$314M	added+2%	−0.25 pp	4 q
unresolvedNew Oriental Ed & Tech Grp I	0.53%	9,759,886	$306M	trimmed−6%	+0.12 pp	11 q
RBARB Global, Inc.	0.52%	12,379,442	$298M	added+4%	−0.08 pp	11 q
LECOLincoln Electric Holdings Inc	0.47%	5,239,209	$272M	added+8%	−0.03 pp	11 q
EBAYeBay Inc	0.46%	9,698,059	$267M	added+5%	+0.02 pp	11 q
ALNYAlnylam Pharmaceuticals, Inc.	0.45%	2,727,734	$257M	added×3.8	+0.34 pp	11 q
QCOMQualcomm Inc	0.44%	5,046,547	$252M	added+6%	−0.06 pp	10 q
DNOWDNOW Inc.	0.39%	14,151,313	$224M	added+3%	−0.01 pp	7 q
PXGBXPraxair Inc	0.38%	2,162,005	$221M	added+8%	−0.02 pp	11 q
unresolvedQiagen N.V	0.37%	7,783,856	$215M	added+8%	+0.01 pp	11 q
MTDMettler-Toledo International	0.36%	609,615	$207M	added+1%	+0.02 pp	11 q
TWTRTwitter, Inc.	0.36%	9,030,014	$209M	added0%	−0.11 pp	9 q
unresolvedGrubhub Inc	0.35%	8,262,641	$200M	added×5.2	+0.27 pp	3 q
unresolvedFinancial Engines	0.34%	5,842,967	$197M	added+9%	+0.03 pp	8 q
DLBDolby Laboratories, Inc.Class A	0.33%	5,568,509	$187M	added+9%	0.00 pp	11 q
MKTXMarketAxess Holdings Inc.	0.32%	1,647,335	$184M	added+6%	+0.04 pp	11 q
ITUBItau Unibanco Holding S.A.	0.30%	26,251,676	$171M	trimmed−2%	−0.05 pp	11 q
QSRRestaurant Brands International Inc.	0.25%	3,788,400	$141M	trimmed−3%	−0.02 pp	5 q
GOOGLAlphabet Inc. Class A	0.24%	174,177	$136M	trimmed−1%	+0.02 pp	2 q
ATHMAutohome Inc.	0.24%	3,901,359	$136M	added+10%	+0.01 pp	3 q
HHCThe Howard Hughes Corporation	0.24%	1,240,761	$140M	added+6%	−0.02 pp	8 q
unresolvedMindray Medical International ADR	0.24%	4,997,374	$136M	trimmed−46%	−0.16 pp	11 q
BAPCredicorp LTD	0.24%	1,442,982	$140M	trimmed−42%	−0.27 pp	11 q
CXCemex S.A.B. de C.V.	0.23%	24,229,531	$135M	trimmed−27%	−0.23 pp	11 q
unresolvedLeucadia National	0.23%	7,643,623	$133M	added+7%	−0.05 pp	5 q
CPACopa Holdings, S.A.	0.22%	2,658,153	$128M	added+1%	0.00 pp	11 q
AAPLApple Inc.	0.21%	1,149,941	$121M	trimmed−1%	−0.04 pp	11 q
IBNICICI Bank Limited	0.21%	15,770,350	$123M	added+5%	−0.04 pp	11 q
PSMTPricesmart Inc	0.20%	1,376,120	$114M	trimmed−3%	−0.01 pp	11 q
WSOWatsco, Inc.	0.20%	999,518	$117M	trimmed−4%	−0.04 pp	11 q
SSYSStratasys Inc (ISRAEL)	0.20%	4,873,460	$114M	trimmed−4%	−0.06 pp	11 q
BRK.BBERKSHIRE HATHAWAY Class B	0.18%	801,573	$106M	trimmed−3%	−0.03 pp	11 q
ZZillow Group, Inc. Class C	0.16%	3,937,037	$92M	added+5%	−0.04 pp	2 q
HDBHDFC Bank Limited	0.13%	1,226,269	$76M	trimmed−2%	−0.02 pp	4 q
USBU.S. Bancorp	0.13%	1,768,277	$75M	trimmed−23%	−0.05 pp	11 q
UPSUnited Parcel Service, Inc. Class B	0.13%	764,143	$74M	trimmed−7%	−0.03 pp	11 q
TVGrupo Televisa S.A.	0.11%	2,235,271	$61M	added+9%	+0.01 pp	5 q
HIMXHimax Technologies, Inc.	0.11%	7,679,012	$63M	added+7%	0.00 pp	3 q
CMGChipotle Mexican Grill, Inc.	0.09%	103,095	$49M	added+24%	−0.03 pp	3 q
GHDXGenomic Health, Inc.	0.09%	1,429,209	$50M	held	—	11 q
PEPPepsiCo, Inc.	0.09%	513,623	$51M	trimmed−39%	−0.07 pp	11 q
ZGZillow Group Inc Class A	0.09%	1,999,013	$52M	added+7%	−0.02 pp	4 q
INFYInfosys Limited	0.08%	2,875,268	$48M	added+1%	−0.03 pp	8 q
IDXXIdexx Laboratories Inc	0.06%	458,769	$33M	trimmed−4%	−0.01 pp	11 q
VVRInvesco Senior Income Trust	0.06%	8,949,118	$36M	held	—	5 q
UPLUltra Petroleum Corp	0.06%	14,856,705	$37M	trimmed−15%	−0.16 pp	11 q
unresolvedVoya Prime Rate Trust	0.06%	7,294,676	$37M	held	—	5 q
ABMDAbiomed Inc	0.05%	287,412	$26M	new	+0.05 pp	new
AWKAmerican Water Works Company, Inc	0.05%	451,400	$27M	added0%	0.00 pp	2 q
9990302DApache Corp	0.05%	609,317	$27M	trimmed−2%	0.00 pp	11 q
unresolvedAqua America	0.05%	922,850	$28M	added0%	0.00 pp	2 q
KOCoca-Cola Company	0.05%	620,703	$27M	added+1%	0.00 pp	8 q
FASTFastenal Co	0.05%	739,258	$30M	added+3%	0.00 pp	10 q
JFRNuveen Floating Rate Income Fund	0.05%	2,750,000	$28M	held	—	9 q
ADIAnalog Devices, Inc.	0.04%	374,068	$21M	added+1%	0.00 pp	11 q
BF.BBrown-Forman Corporation Class B	0.04%	237,765	$24M	trimmed−3%	−0.01 pp	11 q
DHRDanaher Corporation	0.04%	253,877	$24M	trimmed−12%	−0.01 pp	11 q
EFTEaton Vance Floating-Rate Income Trust	0.04%	1,972,000	$25M	held	—	9 q
unresolvedLinear Technology Group	0.04%	581,568	$25M	added+4%	0.00 pp	11 q
MCDMcDonald's Corporation	0.04%	176,219	$21M	added+5%	+0.01 pp	11 q
MSFTMicrosoft Corp	0.04%	428,754	$24M	added+9%	+0.01 pp	11 q
ORLYO'Reilly Automotive, Inc.	0.04%	81,853	$21M	trimmed−54%	−0.05 pp	11 q
PGProcter & Gamble Company	0.04%	265,394	$21M	added+16%	+0.01 pp	3 q
unresolvedSeadrill	0.04%	6,640,732	$23M	trimmed−4%	−0.04 pp	5 q
WIXWIX.com Ltd.	0.04%	1,118,287	$25M	new	+0.04 pp	new
BMYBristol-Myers Squibb Co.	0.03%	254,268	$17M	held	—	11 q
CWTCalifornia Water Service	0.03%	801,916	$19M	added+5%	0.00 pp	2 q
XEFRXEaton Vance Sr Fltg Rate Tr	0.03%	1,471,579	$18M	held	—	2 q
EPAMEpam Systems, Inc.	0.03%	182,900	$14M	held	—	11 q
XFCTXFirst Trust Snr FL Rt Inc II	0.03%	1,330,000	$16M	held	—	5 q
IPGPIPG Photonics Corporation	0.03%	163,550	$15M	held	—	11 q
IRBTiRobot Corporation	0.03%	506,200	$18M	held	—	11 q
JNJJohnson & Johnson	0.03%	179,264	$18M	added+5%	0.00 pp	11 q
LTRPALiberty TripAdvisor Holdings, Inc. Series A	0.03%	516,733	$16M	held	—	4 q
NYCBFlagstar Bank, National Association	0.03%	1,160,875	$19M	added+7%	−0.01 pp	11 q
ONDKOn Deck Capital, Inc.	0.03%	1,831,375	$19M	trimmed−1%	−0.01 pp	2 q
unresolvedReynolds American	0.03%	425,290	$20M	added+1%	−0.01 pp	11 q
unresolvedSolarCity Corp	0.03%	312,900	$16M	held	—	7 q
STMPStamps.com, Inc.	0.03%	179,150	$20M	held	—	11 q
TJXTJX Companies, Inc. (The)	0.03%	274,163	$19M	added+5%	−0.01 pp	11 q
AWRAmerican States Water Company	0.02%	294,228	$12M	added+38%	0.00 pp	2 q
unresolvedApollo Senior Floating Rate Fund Inc	0.02%	617,746	$9M	held	—	9 q
BGTBlackRock Floating Rate Income Trust	0.02%	1,150,000	$14M	held	—	9 q
DXCMDexCom, Inc.	0.02%	133,210	$11M	held	—	11 q
EVFEaton Vance Senior Income Trust	0.02%	1,885,000	$11M	held	—	9 q
ETSYEtsy, Inc.	0.02%	1,216,185	$10M	trimmed−4%	−0.01 pp	3 q
GSGoldman Sachs Group Inc.	0.02%	76,801	$14M	added+3%	−0.01 pp	6 q
HEIHEICO Corporation	0.02%	190,676	$10M	trimmed−5%	0.00 pp	10 q
unresolvedJuno Therapeutics Inc	0.02%	280,000	$12M	new	+0.02 pp	new
ELThe Estee Lauder Companies Inc. Class A	0.02%	111,584	$10M	new	+0.02 pp	new
unresolvedNovadaq Technologies Inc	0.02%	704,480	$9M	held	—	11 q
unresolvedNuveen Senior Income Fund	0.02%	1,915,000	$11M	held	—	9 q
PMPhilip Morris International Inc.	0.02%	146,316	$13M	trimmed−49%	−0.02 pp	11 q
XPHDXPioneer Floating Rate Fund	0.02%	1,230,000	$13M	held	—	9 q
unresolvedQunar ADR	0.02%	232,740	$12M	trimmed−90%	−0.11 pp	9 q
TIFTiffany & Co.	0.02%	176,886	$13M	added+66%	0.00 pp	10 q
WWayfair Inc.	0.02%	214,100	$10M	held	—	2 q
BCRHBlue Capital Reinsurance Hol	0.02%	629,438	$11M	held	—	9 q
AVAVAeroVironment, Inc.	0.01%	263,710	$8M	held	—	11 q
unresolvedArm Hdg.Spn.Adr	0.01%	71,451	$3M	held	—	6 q
BIOAQBioamber Inc	0.01%	579,540	$4M	held	—	4 q
2663134DBitauto Holdings Ltd-adr	0.01%	109,990	$3M	trimmed−95%	−0.11 pp	9 q
CSLTCastlight Health, Inc.	0.01%	1,794,820	$8M	held	—	8 q
CDXSCodexis, Inc.	0.01%	865,133	$4M	held	—	4 q
96669EURDmrc LLC	0.01%	114,500	$4M	held	—	2 q
DCIDonaldson Company, Inc.	0.01%	263,555	$8M	added+4%	0.00 pp	10 q
unresolvedExa Corp	0.01%	419,630	$5M	held	—	9 q
FAROFaro Technologies Inc	0.01%	139,080	$4M	held	—	11 q
unresolvedFoundation Medicine	0.01%	174,800	$4M	held	—	6 q
MCHPMicrochip Technology Inc	0.01%	82,660	$4M	held	—	10 q
unresolvedNational Instrs Corp	0.01%	191,470	$5M	held	—	3 q
NOAHNoah Holdings Limited	0.01%	152,950	$4M	held	—	11 q
PCARPaccar Inc	0.01%	165,366	$8M	added+4%	−0.01 pp	5 q
POWIPower Integrations Inc	0.01%	80,680	$4M	held	—	11 q
PLXProtalix BioTherapeutics, Inc.	0.01%	6,406,099	$7M	trimmed−0%	0.00 pp	11 q
REGNRegeneron Pharmaceuticals Inc	0.01%	12,700	$7M	trimmed−38%	−0.01 pp	11 q
SKMSK Telecom Co., Ltd.	0.01%	156,374	$3M	added×4.1	+0.01 pp	9 q
SLBSLB Limited	0.01%	119,127	$8M	held	—	10 q
SHWThe Sherwin-Williams Company	0.01%	24,814	$6M	added+10%	0.00 pp	10 q
UAAUnder Armour, Inc.	0.01%	68,800	$6M	trimmed−17%	−0.01 pp	2 q
VARVarian Medical Systems, Inc.	0.01%	100,667	$8M	held	—	10 q
VECOVeeco Instruments Inc	0.01%	415,388	$9M	new	+0.01 pp	new
WITWipro Limited	0.01%	617,900	$7M	added+14%	0.00 pp	3 q
ACTGAcacia Research Corporation	0.00%	365,820	$2M	held	—	11 q
unresolvedEllie Mae	0.00%	21,000	$1M	held	—	10 q
JMEINJumei International-adr	0.00%	237,556	$2M	held	—	7 q
unresolvedMedgenics	0.00%	360,650	$2M	held	—	11 q
unresolvedMesoblast ADR	0.00%	135,600	$863,000	new	0.00 pp	new
PCRXPacira BioSciences, Inc.	0.00%	26,200	$2M	held	—	2 q
RIORio Tinto plc	0.00%	70,626	$2M	held	—	6 q
unresolvedSenomyx	0.00%	578,000	$2M	held	—	6 q
unresolvedTerraform Pwr Inc	0.00%	3,300	$42,000	new	0.00 pp	new
unresolvedVale S.A. PFD	0.00%	356,100	$908,000	trimmed−27%	0.00 pp	11 q
unresolvedYouku Inc ADR	0.00%	52,178	$1M	trimmed−99%	−0.17 pp	11 q
FOMXFoamix Pharmaceuticals Ltd	0.00%	219,400	$2M	held	—	3 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	—	−46,424,953	—	exited	−1.89 pp	—
unresolvedRyanair Holdings PLC ADR	—	−9,034,594	—	exited	−1.38 pp	—
unresolvedIsis Pharmaceuticals	—	−7,899,383	—	exited	−0.62 pp	—
FLIRFLIR Systems, Inc. (DE)	—	−7,231,203	—	exited	−0.40 pp	—
unresolvedCoca Cola Enterprises Inc Ne	—	−3,180,248	—	exited	−0.30 pp	—
ORCLOracle Corp	—	−2,070,323	—	exited	−0.15 pp	—
CNHCnh Industrial N.v.	—	−11,662,026	—	exited	−0.15 pp	—
VMCVulcan Materials Company(Holding Company)	—	−445,481	—	exited	−0.08 pp	—
SAMBoston Beer Company	—	−64,351	—	exited	−0.03 pp	—
PGRProgressive Corporation	—	−471,481	—	exited	−0.03 pp	—
ADPAutomatic Data Processing	—	−125,473	—	exited	−0.02 pp	—
XOMExxon Mobil Corp	—	−141,581	—	exited	−0.02 pp	—
unresolvedSoufun Holdings Ltd ADR	—	−788,600	—	exited	−0.01 pp	—
WMTWalmart Inc.	—	−92,635	—	exited	−0.01 pp	—
MMYTMakeMyTrip Limited	—	−202,748	—	exited	−0.01 pp	—
unresolvedAlliance Holdings GP LP	—	−3,200	—	exited	0.00 pp	—
ARLPAlliance Resource Partners LP	—	−4,500	—	exited	0.00 pp	—
OSGOctave Specialty Group, Inc.	—	−2,000	—	exited	0.00 pp	—
AMEDAmedisys Inc	—	−7,829	—	exited	0.00 pp	—
AIGAmerican International Group, Inc.	—	−1,700	—	exited	0.00 pp	—
unresolvedApollo Group Inc Class A	—	−9,600	—	exited	0.00 pp	—
BBBlackBerry Limited	—	−25,902	—	exited	0.00 pp	—
CECOPerdoceo Education Corporation	—	−98,062	—	exited	0.00 pp	—
CLDCloud Peak Energy Inc	—	−45,800	—	exited	0.00 pp	—
RAILFreightCar America, Inc.	—	−4,165	—	exited	0.00 pp	—
ESINQItt Educational Svcs Inc	—	−40,202	—	exited	0.00 pp	—
unresolvedNovacopper Inc	—	−47,000	—	exited	0.00 pp	—
OCNOnity Group Inc.	—	−8,700	—	exited	0.00 pp	—
QNSTQuinStreet, Inc.	—	−7,500	—	exited	0.00 pp	—
SHOSSears Hometown and Outlet Stores, Inc.	—	−2,200	—	exited	0.00 pp	—
unresolvedShanda Games Adr 1:2 'A'	—	−46,300	—	exited	0.00 pp	—
TGLLTransglobe Energy Corp	—	−13,400	—	exited	0.00 pp	—
UTIUniversal Technical Institute, Inc.	—	−10,900	—	exited	0.00 pp	—
unresolvedWuxi Pharmatech Adr	—	−7,428	—	exited	0.00 pp	—
NTPIFNam Tai Property Inc	—	−16,700	—	exited	0.00 pp	—