Baillie Gifford

Q1 2016 13F

As of: Mar 31, 2016
Filed: May 5, 2016
US stock: $56.8B · prev $57.5B
Positions: 197 · prev 182
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%

Moves175 since the prior filing

+5.7 pp in · −5.7 pp out

New 24 +5.13 pp
Added 85 +0.60 pp
Trimmed 57 −5.29 pp
Exited 9 −0.38 pp

The book

Focused · behaves like 30 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 22% a year, about 4.6 years per position

Low
Moderate
High

Top 5 positions33% of US stock

AMZN Amazon.Com Inc added−1.04 pp added−1.048.5%
BIDU Baidu, Inc. added+0.29 pp added+0.298.5%
BABA Alibaba Group Holding Limited added+0.29 pp added+0.295.9%
ILMN Illumina Inc added−0.72 pp added−0.725.1%
META Meta Platforms, Inc. Class A trimmed+0.45 pp trimmed+0.455.0%

Positions197 in this filing · 9 exited


AMZNAmazon.Com Inc	8.53%	8,169,498	$4.8B	added0%	−1.04 pp	12 q
BIDUBaidu, Inc.	8.46%	25,186,684	$4.8B	added+1%	+0.29 pp	12 q
BABAAlibaba Group Holding Limited	5.93%	42,663,506	$3.4B	added+7%	+0.29 pp	7 q
ILMNIllumina Inc	5.12%	17,933,051	$2.9B	added+3%	−0.72 pp	12 q
METAMeta Platforms, Inc. Class A	4.97%	24,726,943	$2.8B	trimmed−0%	+0.45 pp	12 q
TSLATesla, Inc.	4.82%	11,929,032	$2.7B	added+11%	+0.35 pp	12 q
GOOGAlphabet Inc. Class C	4.08%	3,113,734	$2.3B	trimmed−1%	−0.05 pp	8 q
CTRPTrip.com Group Limited	2.48%	31,846,042	$1.4B	added+18%	+0.30 pp	12 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	2.30%	49,857,061	$1.3B	new	+2.30 pp	new
RCLRoyal Caribbean Group	2.08%	14,405,146	$1.2B	added0%	−0.45 pp	12 q
ISRGIntuitive Surgical Inc.	1.73%	1,635,406	$983M	trimmed−29%	−0.44 pp	12 q
unresolvedFiat Chrysler Automobiles NV s	1.67%	117,121,864	$948M	trimmed−5%	−1.34 pp	6 q
MKLMarkel Group Inc.	1.49%	952,379	$849M	trimmed−5%	−0.06 pp	12 q
FRCBFirst Republic Bk CA	1.46%	12,488,466	$832M	trimmed−0%	+0.02 pp	12 q
ELVElevance Health, Inc.	1.32%	5,412,167	$752M	trimmed−0%	0.00 pp	6 q
MELIMercado Libre, Inc	1.32%	6,372,546	$751M	trimmed−0%	+0.05 pp	12 q
MCOMoody's Corporation	1.31%	7,685,397	$742M	added+34%	+0.31 pp	12 q
NFLXNetFlix Inc	1.26%	7,002,165	$716M	added+42%	+0.28 pp	5 q
RYAAYRyanair Holdings plc	1.22%	8,103,898	$695M	added+1%	+0.02 pp	2 q
AMTTd Ameritrade Holding Corp	1.22%	21,985,251	$693M	trimmed−0%	−0.11 pp	12 q
TRIPTripAdvisor, Inc.	1.17%	10,009,636	$666M	added+2%	−0.29 pp	12 q
SGENSeagen Inc.	1.07%	17,270,681	$606M	added+1%	−0.27 pp	12 q
MAMastercard Incorporated	1.03%	6,204,172	$586M	trimmed−3%	−0.05 pp	12 q
WDAYWorkday, Inc. Class A	1.02%	7,560,158	$581M	added+1%	−0.02 pp	12 q
MLMMartin Marietta Materials	1.00%	3,569,083	$569M	added+1%	+0.16 pp	12 q
VVISA Inc.	0.93%	6,910,910	$529M	added+1%	0.00 pp	12 q
JDJD.com, Inc.	0.92%	19,749,248	$523M	added+3%	−0.15 pp	8 q
WATWaters Corp	0.92%	3,973,563	$524M	trimmed−3%	−0.03 pp	12 q
CRMSalesforce, Inc.	0.90%	6,933,981	$512M	trimmed−16%	−0.23 pp	12 q
RACEFerrari N.V.	0.90%	12,304,913	$512M	new	+0.90 pp	new
KMXCarMax Inc.	0.86%	9,525,286	$487M	added+4%	0.00 pp	12 q
CHRWC.H. Robinson Worldwide, Inc.	0.76%	5,853,891	$435M	trimmed−2%	+0.11 pp	11 q
CLColgate-Palmolive Company	0.76%	6,074,090	$429M	trimmed−0%	+0.06 pp	12 q
EOGEOG Resources, Inc.	0.75%	5,853,580	$425M	added+1%	+0.04 pp	12 q
MYGNMyriad Genetics Inc	0.75%	11,367,036	$425M	added0%	−0.10 pp	11 q
unresolvedJuno Therapeutics Inc	0.73%	10,918,377	$416M	added×39.0	+0.71 pp	2 q
unresolvedWhole Foods Market	0.70%	12,854,778	$400M	trimmed−3%	−0.07 pp	12 q
9990302DApache Corp	0.69%	8,035,477	$392M	added×13.2	+0.64 pp	12 q
UAAUnder Armour, Inc.	0.67%	4,481,168	$380M	added×65.1	+0.66 pp	3 q
SPLKSplunk Inc	0.66%	7,680,764	$376M	added+3%	−0.11 pp	10 q
TERTeradyne, Inc.	0.65%	17,222,826	$372M	added+1%	+0.04 pp	12 q
unresolvedLinkedin Corp Cl A	0.63%	3,112,047	$356M	added+1%	−0.58 pp	12 q
NBISNebius Group N.V. Class A	0.63%	23,416,655	$359M	added+5%	+0.02 pp	9 q
EMBJEmbraer S.A.	0.60%	12,967,305	$342M	added+2%	−0.05 pp	12 q
IONSIonis Pharmaceuticals, Inc.	0.59%	8,283,738	$335M	added+3%	−0.28 pp	2 q
RBARB Global, Inc.	0.59%	12,426,360	$337M	added0%	+0.07 pp	12 q
LECOLincoln Electric Holdings Inc	0.55%	5,337,859	$313M	added+2%	+0.08 pp	12 q
AXPAmerican Express Company	0.53%	4,911,656	$302M	added+3%	−0.04 pp	11 q
LCHappen, Inc.	0.51%	34,620,494	$287M	added+1%	−0.15 pp	6 q
unresolvedNew Oriental Ed & Tech Grp I	0.47%	7,688,955	$266M	trimmed−21%	−0.06 pp	12 q
unresolvedMonsanto Co	0.46%	2,981,148	$262M	trimmed−10%	−0.10 pp	12 q
QCOMQualcomm Inc	0.45%	5,046,025	$258M	trimmed−0%	+0.01 pp	11 q
DNOWDNOW Inc.	0.44%	13,981,423	$248M	trimmed−1%	+0.05 pp	8 q
PXGBXPraxair Inc	0.44%	2,198,111	$252M	added+2%	+0.06 pp	12 q
DLBDolby Laboratories, Inc.Class A	0.43%	5,634,878	$245M	added+1%	+0.10 pp	12 q
ITUBItau Unibanco Holding S.A.	0.41%	26,938,172	$231M	added+3%	+0.11 pp	12 q
MTDMettler-Toledo International	0.38%	621,866	$214M	added+2%	+0.02 pp	12 q
ALNYAlnylam Pharmaceuticals, Inc.	0.37%	3,379,935	$212M	added+24%	−0.08 pp	12 q
unresolvedBluebird Bio Inc	0.37%	4,977,637	$212M	added+2%	−0.18 pp	5 q
EBAYeBay Inc	0.37%	8,814,111	$210M	trimmed−9%	−0.09 pp	12 q
unresolvedGrubhub Inc	0.37%	8,393,438	$211M	added+2%	+0.02 pp	4 q
SRCLStericycle Inc	0.37%	1,658,996	$209M	new	+0.37 pp	new
MKTXMarketAxess Holdings Inc.	0.36%	1,629,625	$203M	trimmed−1%	+0.04 pp	12 q
WABWabtec Inc.	0.35%	2,517,239	$200M	new	+0.35 pp	new
unresolvedFinancial Engines	0.33%	5,906,136	$186M	added+1%	−0.01 pp	9 q
KEXKirby Corporation	0.33%	3,154,060	$190M	new	+0.33 pp	new
CXCemex S.A.B. de C.V.	0.32%	24,860,436	$181M	added+3%	+0.09 pp	12 q
NVDANvidia Corp	0.32%	5,141,406	$183M	new	+0.32 pp	new
CPACopa Holdings, S.A.	0.32%	2,684,490	$182M	added+1%	+0.10 pp	12 q
unresolvedQiagen N.V	0.31%	7,843,507	$175M	added+1%	−0.06 pp	12 q
IBNICICI Bank Limited	0.28%	22,011,898	$158M	added+40%	+0.07 pp	12 q
XLNXXilinx Inc	0.28%	3,411,319	$162M	trimmed−54%	−0.32 pp	12 q
QSRRestaurant Brands International Inc.	0.26%	3,811,378	$149M	added+1%	+0.01 pp	6 q
GOOGLAlphabet Inc. Class A	0.24%	175,304	$134M	added+1%	0.00 pp	3 q
HHCThe Howard Hughes Corporation	0.23%	1,255,399	$133M	added+1%	−0.01 pp	9 q
BAPCredicorp LTD	0.23%	1,006,413	$132M	trimmed−30%	−0.01 pp	12 q
AAPLApple Inc.	0.21%	1,114,172	$121M	trimmed−3%	0.00 pp	12 q
unresolvedLeucadia National	0.21%	7,514,815	$122M	trimmed−2%	−0.02 pp	6 q
PSMTPricesmart Inc	0.21%	1,390,457	$118M	added+1%	+0.01 pp	12 q
TWTRTwitter, Inc.	0.20%	6,695,551	$111M	trimmed−26%	−0.16 pp	10 q
WSOWatsco, Inc.	0.20%	850,101	$115M	trimmed−15%	0.00 pp	12 q
ATHMAutohome Inc.	0.19%	3,859,393	$108M	trimmed−1%	−0.05 pp	4 q
MTBM&T Bank Corp.	0.18%	941,378	$104M	trimmed−83%	−0.96 pp	12 q
HOGHarley-Davidson, Inc.	0.17%	1,855,555	$95M	trimmed−82%	−0.66 pp	12 q
ZZillow Group, Inc. Class C	0.17%	4,085,176	$97M	added+4%	+0.01 pp	3 q
HIMXHimax Technologies, Inc.	0.15%	7,568,153	$85M	trimmed−1%	+0.04 pp	4 q
CMGChipotle Mexican Grill, Inc.	0.14%	170,864	$80M	added+66%	+0.05 pp	4 q
HDBHDFC Bank Limited	0.12%	1,129,516	$70M	trimmed−8%	−0.01 pp	5 q
ABMDAbiomed Inc	0.11%	688,039	$65M	added×2.4	+0.06 pp	2 q
TVGrupo Televisa S.A.	0.11%	2,323,151	$64M	added+4%	0.00 pp	6 q
INFYInfosys Limited	0.11%	3,167,272	$60M	added+10%	+0.03 pp	9 q
TALTAL Education Group	0.09%	1,014,781	$50M	new	+0.09 pp	new
ZGZillow Group Inc Class A	0.09%	1,956,358	$50M	trimmed−2%	0.00 pp	5 q
IBKRInteractive Brokers Group, Inc. Class A	0.08%	1,087,276	$43M	new	+0.08 pp	new
DATATableau Software, Inc.	0.08%	950,179	$44M	new	+0.08 pp	new
FASTFastenal Co	0.07%	801,901	$39M	added+8%	+0.02 pp	11 q
GHDXGenomic Health, Inc.	0.06%	1,337,089	$33M	trimmed−6%	−0.03 pp	12 q
IDXXIdexx Laboratories Inc	0.06%	423,757	$33M	trimmed−8%	0.00 pp	12 q
VVRInvesco Senior Income Trust	0.06%	8,949,118	$36M	held	—	6 q
unresolvedVoya Prime Rate Trust	0.06%	7,294,676	$37M	held	—	6 q
CWTCalifornia Water Service	0.05%	1,106,866	$30M	added+38%	+0.02 pp	3 q
KOCoca-Cola Company	0.05%	642,180	$30M	added+3%	0.00 pp	9 q
EFTEaton Vance Floating-Rate Income Trust	0.05%	1,972,000	$26M	held	—	10 q
JFRNuveen Floating Rate Income Fund	0.05%	2,750,000	$28M	held	—	10 q
WWayfair Inc.	0.05%	642,815	$28M	added×3.0	+0.03 pp	3 q
ADIAnalog Devices, Inc.	0.04%	388,456	$23M	added+4%	0.00 pp	12 q
BF.BBrown-Forman Corporation Class B	0.04%	243,754	$24M	added+3%	0.00 pp	12 q
DHRDanaher Corporation	0.04%	248,033	$24M	trimmed−2%	0.00 pp	12 q
JNJJohnson & Johnson	0.04%	185,377	$20M	added+3%	+0.01 pp	12 q
unresolvedLinear Technology Group	0.04%	500,608	$22M	trimmed−14%	0.00 pp	12 q
MSFTMicrosoft Corp	0.04%	450,911	$25M	added+5%	0.00 pp	12 q
ORLYO'Reilly Automotive, Inc.	0.04%	79,823	$22M	trimmed−2%	0.00 pp	12 q
PEPPepsiCo, Inc.	0.04%	239,413	$25M	trimmed−53%	−0.05 pp	12 q
PGProcter & Gamble Company	0.04%	275,581	$23M	added+4%	0.00 pp	4 q
unresolvedReynolds American	0.04%	440,015	$22M	added+3%	+0.01 pp	12 q
SOHUNSohu.com Inc	0.04%	414,600	$21M	new	+0.04 pp	new
TJXTJX Companies, Inc. (The)	0.04%	309,243	$24M	added+13%	+0.01 pp	12 q
UPSUnited Parcel Service, Inc. Class B	0.04%	202,322	$21M	trimmed−74%	−0.09 pp	12 q
SINASina Corp	0.04%	461,000	$22M	new	+0.04 pp	new
WIXWIX.com Ltd.	0.04%	1,127,536	$23M	added+1%	0.00 pp	2 q
AEEAmeren Corporation	0.03%	314,796	$16M	new	+0.03 pp	new
AWRAmerican States Water Company	0.03%	386,690	$15M	added+31%	+0.01 pp	3 q
AWKAmerican Water Works Company, Inc	0.03%	273,699	$19M	trimmed−39%	−0.02 pp	3 q
unresolvedAqua America	0.03%	588,122	$19M	trimmed−36%	−0.02 pp	3 q
BGTBlackRock Floating Rate Income Trust	0.03%	1,150,000	$15M	held	—	10 q
BMYBristol-Myers Squibb Co.	0.03%	245,425	$16M	trimmed−3%	0.00 pp	12 q
XEFRXEaton Vance Sr Fltg Rate Tr	0.03%	1,471,579	$19M	held	—	3 q
EPAMEpam Systems, Inc.	0.03%	194,900	$15M	added+7%	0.00 pp	12 q
ESEversource Energy	0.03%	264,041	$15M	new	+0.03 pp	new
XFCTXFirst Trust Snr FL Rt Inc II	0.03%	1,330,000	$17M	held	—	6 q
IPGPIPG Photonics Corporation	0.03%	163,550	$16M	held	—	12 q
IRBTiRobot Corporation	0.03%	508,600	$18M	added0%	0.00 pp	12 q
IWFiShares Russell 1000 Growth ETF	0.03%	147,863	$15M	new	+0.03 pp	new
MCDMcDonald's Corporation	0.03%	132,968	$17M	trimmed−25%	−0.01 pp	12 q
NYCBFlagstar Bank, National Association	0.03%	1,183,782	$19M	added+2%	0.00 pp	12 q
ONDKOn Deck Capital, Inc.	0.03%	2,156,608	$17M	added+18%	0.00 pp	3 q
PCGPG&E Corporation	0.03%	253,916	$15M	new	+0.03 pp	new
STMPStamps.com, Inc.	0.03%	179,150	$19M	held	—	12 q
unresolvedTerraform Pwr Inc	0.03%	2,114,018	$18M	added×640.6	+0.03 pp	2 q
TIFTiffany & Co.	0.03%	198,733	$15M	added+12%	+0.01 pp	11 q
VOOVanguard S&P 500 ETF	0.03%	78,355	$15M	new	+0.03 pp	new
WRWestar Energy Inc	0.03%	315,169	$16M	new	+0.03 pp	new
unresolvedApollo Senior Floating Rate Fund Inc	0.02%	617,746	$9M	held	—	10 q
AGRAvangrid, Inc.	0.02%	345,822	$14M	new	+0.02 pp	new
DXCMDexCom, Inc.	0.02%	205,410	$14M	added+54%	0.00 pp	12 q
DCIDonaldson Company, Inc.	0.02%	290,081	$9M	added+10%	+0.01 pp	11 q
EVFEaton Vance Senior Income Trust	0.02%	1,885,000	$11M	held	—	10 q
GSGoldman Sachs Group Inc.	0.02%	82,543	$13M	added+7%	0.00 pp	7 q
HEIHEICO Corporation	0.02%	183,590	$11M	trimmed−4%	0.00 pp	11 q
ELThe Estee Lauder Companies Inc. Class A	0.02%	111,584	$11M	held	—	2 q
LTRPALiberty TripAdvisor Holdings, Inc. Series A	0.02%	543,314	$12M	added+5%	−0.01 pp	5 q
unresolvedNuveen Senior Income Fund	0.02%	1,915,000	$11M	held	—	10 q
PCARPaccar Inc	0.02%	184,247	$10M	added+11%	+0.01 pp	6 q
PMPhilip Morris International Inc.	0.02%	129,570	$13M	trimmed−11%	0.00 pp	12 q
XPHDXPioneer Floating Rate Fund	0.02%	1,236,803	$14M	added+1%	0.00 pp	10 q
SLBSLB Limited	0.02%	119,127	$9M	held	—	11 q
SHWThe Sherwin-Williams Company	0.02%	31,236	$9M	added+26%	+0.01 pp	11 q
VECOVeeco Instruments Inc	0.02%	552,644	$11M	added+33%	+0.01 pp	2 q
BCRHBlue Capital Reinsurance Hol	0.02%	629,438	$11M	held	—	10 q
SSYSStratasys Inc (ISRAEL)	0.02%	516,300	$13M	trimmed−89%	−0.18 pp	12 q
ADAPYAdaptimmune Theraptcs	0.01%	429,700	$3M	new	+0.01 pp	new
ADROChinook Therapeutics Inc	0.01%	230,000	$3M	new	+0.01 pp	new
AVAVAeroVironment, Inc.	0.01%	228,710	$6M	trimmed−13%	0.00 pp	12 q
unresolvedArm Hdg.Spn.Adr	0.01%	71,451	$3M	held	—	7 q
BRK.BBERKSHIRE HATHAWAY Class B	0.01%	41,243	$6M	trimmed−95%	−0.17 pp	12 q
CSLTCastlight Health, Inc.	0.01%	1,794,820	$6M	held	—	9 q
CDXSCodexis, Inc.	0.01%	985,133	$3M	added+14%	0.00 pp	5 q
96669EURDmrc LLC	0.01%	154,500	$5M	added+35%	0.00 pp	3 q
unresolvedEllie Mae	0.01%	71,000	$6M	added×3.4	+0.01 pp	11 q
ETSYEtsy, Inc.	0.01%	485,000	$4M	trimmed−60%	−0.01 pp	4 q
unresolvedExa Corp	0.01%	419,630	$5M	held	—	10 q
FAROFaro Technologies Inc	0.01%	124,080	$4M	trimmed−11%	0.00 pp	12 q
unresolvedFoundation Medicine	0.01%	174,800	$3M	held	—	7 q
TREELendingTree, Inc.	0.01%	82,700	$8M	new	+0.01 pp	new
MCHPMicrochip Technology Inc	0.01%	82,660	$4M	held	—	11 q
unresolvedNational Instrs Corp	0.01%	201,470	$6M	added+5%	0.00 pp	4 q
unresolvedNovadaq Technologies Inc	0.01%	704,480	$8M	held	—	12 q
PYPLPayPal Holdings, Inc.	0.01%	151,960	$6M	trimmed−98%	−0.60 pp	3 q
POWIPower Integrations Inc	0.01%	80,680	$4M	held	—	12 q
PLXProtalix BioTherapeutics, Inc.	0.01%	6,406,099	$5M	held	—	12 q
REGNRegeneron Pharmaceuticals Inc	0.01%	10,100	$4M	trimmed−20%	0.00 pp	12 q
SKMSK Telecom Co., Ltd.	0.01%	156,374	$3M	held	—	10 q
unresolvedSolarCity Corp	0.01%	312,900	$8M	held	—	8 q
USBU.S. Bancorp	0.01%	104,000	$4M	trimmed−94%	−0.12 pp	12 q
VARVarian Medical Systems, Inc.	0.01%	100,667	$8M	held	—	11 q
WITWipro Limited	0.01%	502,097	$6M	trimmed−19%	0.00 pp	4 q
ACTGAcacia Research Corporation	0.00%	365,820	$1M	held	—	12 q
ONCBeOne Medicines Ltd.	0.00%	1,850	$54,000	new	0.00 pp	new
BIOAQBioamber Inc	0.00%	579,540	$2M	held	—	5 q
unresolvedHealthsouth Corp	0.00%	7,280	$15,000	new	0.00 pp	new
EFAiShares MSCI EAFE ETF	0.00%	10,868	$621,000	new	0.00 pp	new
PCRXPacira BioSciences, Inc.	0.00%	27,500	$1M	added+5%	0.00 pp	3 q
RIORio Tinto plc	0.00%	70,626	$2M	held	—	7 q
unresolvedSenomyx	0.00%	578,000	$2M	held	—	7 q
unresolvedVale S.A. PFD	0.00%	323,000	$1M	trimmed−9%	0.00 pp	12 q
unresolvedYouku Inc ADR	0.00%	14,343	$394,000	trimmed−73%	0.00 pp	12 q
FOMXFoamix Pharmaceuticals Ltd	0.00%	219,400	$1M	held	—	4 q
unresolvedMindray Medical International ADR	—	−4,997,374	—	exited	−0.24 pp	—
UPLUltra Petroleum Corp	—	−14,856,705	—	exited	−0.06 pp	—
unresolvedSeadrill	—	−6,640,732	—	exited	−0.04 pp	—
unresolvedQunar ADR	—	−232,740	—	exited	−0.02 pp	—
2663134DBitauto Holdings Ltd-adr	—	−109,990	—	exited	−0.01 pp	—
NOAHNoah Holdings Limited	—	−152,950	—	exited	−0.01 pp	—
JMEINJumei International-adr	—	−237,556	—	exited	0.00 pp	—
unresolvedMedgenics	—	−360,650	—	exited	0.00 pp	—
unresolvedMesoblast ADR	—	−135,600	—	exited	0.00 pp	—