Baillie Gifford

Q2 2016 13F

As of: Jun 30, 2016
Filed: Aug 9, 2016
US stock: $56.1B · prev $56.8B
Positions: 193 · prev 197
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%

Moves161 since the prior filing

+2.7 pp in · −2.7 pp out

New 9 +0.75 pp
Added 66 +1.94 pp
Trimmed 73 −1.26 pp
Exited 13 −1.48 pp

The book

Focused · behaves like 30 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 18% a year, about 5.6 years per position

Low
Moderate
High

Top 5 positions34% of US stock

Positions193 in this filing · 13 exited


AMZNAmazon.Com Inc	9.76%	7,648,097	$5.5B	trimmed−6%	+1.23 pp	13 q
BIDUBaidu, Inc.	7.44%	25,257,280	$4.2B	added0%	−1.02 pp	13 q
BABAAlibaba Group Holding Limited	6.51%	45,856,303	$3.6B	added+7%	+0.58 pp	8 q
METAMeta Platforms, Inc. Class A	5.03%	24,695,532	$2.8B	trimmed−0%	+0.06 pp	13 q
TSLATesla, Inc.	4.95%	13,066,791	$2.8B	added+10%	+0.13 pp	13 q
ILMNIllumina Inc	4.66%	18,615,061	$2.6B	added+4%	−0.46 pp	13 q
GOOGAlphabet Inc. Class C	3.82%	3,097,899	$2.1B	trimmed−1%	−0.26 pp	9 q
CTRPTrip.com Group Limited	2.42%	32,863,456	$1.4B	added+3%	−0.06 pp	13 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	2.32%	49,651,562	$1.3B	trimmed−0%	+0.02 pp	2 q
ISRGIntuitive Surgical Inc.	1.88%	1,596,759	$1.1B	trimmed−2%	+0.15 pp	13 q
RCLRoyal Caribbean Group	1.71%	14,301,561	$960M	trimmed−1%	−0.37 pp	13 q
MELIMercado Libre, Inc	1.60%	6,356,926	$894M	trimmed−0%	+0.28 pp	13 q
MKLMarkel Group Inc.	1.58%	929,890	$886M	trimmed−2%	+0.09 pp	13 q
FRCBFirst Republic Bk CA	1.52%	12,142,835	$850M	trimmed−3%	+0.06 pp	13 q
TRIPTripAdvisor, Inc.	1.39%	12,128,581	$780M	added+21%	+0.22 pp	13 q
MCOMoody's Corporation	1.28%	7,629,615	$715M	trimmed−1%	−0.03 pp	13 q
ELVElevance Health, Inc.	1.25%	5,353,693	$703M	trimmed−1%	−0.07 pp	7 q
SGENSeagen Inc.	1.23%	17,116,142	$692M	trimmed−1%	+0.16 pp	13 q
unresolvedFiat Chrysler Automobiles NV s	1.20%	110,298,822	$673M	trimmed−6%	−0.47 pp	7 q
MLMMartin Marietta Materials	1.19%	3,463,771	$665M	trimmed−3%	+0.19 pp	13 q
NFLXNetFlix Inc	1.19%	7,316,440	$669M	added+4%	−0.07 pp	6 q
AMTTd Ameritrade Holding Corp	1.08%	21,308,959	$607M	trimmed−3%	−0.14 pp	13 q
WDAYWorkday, Inc. Class A	1.01%	7,577,352	$566M	added0%	−0.01 pp	13 q
RYAAYRyanair Holdings plc	1.00%	8,082,759	$562M	trimmed−0%	−0.22 pp	3 q
UAAUnder Armour, Inc.	1.00%	13,941,697	$559M	added+56%	+0.33 pp	4 q
CRMSalesforce, Inc.	0.99%	6,981,936	$554M	added+1%	+0.09 pp	13 q
MAMastercard Incorporated	0.95%	6,036,745	$532M	trimmed−3%	−0.08 pp	13 q
RACEFerrari N.V.	0.95%	13,077,533	$532M	added+6%	+0.05 pp	2 q
NBISNebius Group N.V. Class A	0.92%	23,547,389	$515M	added+1%	+0.29 pp	10 q
VVISA Inc.	0.91%	6,902,023	$512M	trimmed−0%	−0.02 pp	13 q
EOGEOG Resources, Inc.	0.86%	5,800,250	$484M	trimmed−1%	+0.11 pp	13 q
9990302DApache Corp	0.84%	8,502,324	$473M	added+6%	+0.15 pp	13 q
JDJD.com, Inc.	0.84%	22,127,731	$470M	added+12%	−0.08 pp	9 q
KMXCarMax Inc.	0.82%	9,364,998	$459M	trimmed−2%	−0.04 pp	13 q
WATWaters Corp	0.81%	3,216,915	$452M	trimmed−19%	−0.11 pp	13 q
CHRWC.H. Robinson Worldwide, Inc.	0.78%	5,868,430	$436M	added0%	+0.02 pp	12 q
CLColgate-Palmolive Company	0.78%	5,971,101	$437M	trimmed−2%	+0.02 pp	13 q
SPLKSplunk Inc	0.75%	7,750,654	$420M	added+1%	+0.09 pp	11 q
unresolvedJuno Therapeutics Inc	0.74%	10,843,672	$417M	trimmed−1%	+0.01 pp	3 q
RBARB Global, Inc.	0.74%	12,373,308	$418M	trimmed−0%	+0.15 pp	13 q
MKTXMarketAxess Holdings Inc.	0.71%	2,753,102	$400M	added+69%	+0.35 pp	13 q
unresolvedNew Oriental Ed & Tech Grp I	0.63%	8,495,845	$356M	added+10%	+0.16 pp	13 q
WABWabtec Inc.	0.63%	4,989,584	$350M	added+98%	+0.28 pp	2 q
MYGNMyriad Genetics Inc	0.62%	11,321,298	$346M	trimmed−0%	−0.13 pp	12 q
TERTeradyne, Inc.	0.60%	17,111,431	$337M	trimmed−1%	−0.05 pp	13 q
unresolvedWhole Foods Market	0.60%	10,582,930	$339M	trimmed−18%	−0.10 pp	13 q
LECOLincoln Electric Holdings Inc	0.56%	5,334,181	$315M	trimmed−0%	+0.01 pp	13 q
unresolvedMonsanto Co	0.55%	2,973,299	$307M	trimmed−0%	+0.09 pp	13 q
SRCLStericycle Inc	0.55%	2,940,515	$306M	added+77%	+0.18 pp	2 q
AXPAmerican Express Company	0.53%	4,907,268	$298M	trimmed−0%	0.00 pp	12 q
DLBDolby Laboratories, Inc.Class A	0.48%	5,633,138	$270M	trimmed−0%	+0.05 pp	13 q
ITUBItau Unibanco Holding S.A.	0.46%	27,290,856	$258M	added+1%	+0.05 pp	13 q
unresolvedGrubhub Inc	0.44%	8,028,295	$249M	trimmed−4%	+0.07 pp	5 q
DNOWDNOW Inc.	0.44%	13,694,433	$248M	trimmed−2%	0.00 pp	9 q
NVDANvidia Corp	0.44%	5,301,449	$249M	added+3%	+0.12 pp	2 q
MTDMettler-Toledo International	0.41%	636,715	$232M	added+2%	+0.03 pp	13 q
unresolvedBluebird Bio Inc	0.39%	5,054,175	$219M	added+2%	+0.02 pp	6 q
HHCThe Howard Hughes Corporation	0.37%	1,811,048	$207M	added+44%	+0.14 pp	10 q
IBKRInteractive Brokers Group, Inc. Class A	0.36%	5,639,535	$200M	added×5.2	+0.28 pp	2 q
IONSIonis Pharmaceuticals, Inc.	0.36%	8,663,711	$202M	added+5%	−0.23 pp	3 q
KEXKirby Corporation	0.36%	3,220,647	$201M	added+2%	+0.03 pp	2 q
ALNYAlnylam Pharmaceuticals, Inc.	0.34%	3,390,252	$188M	added0%	−0.03 pp	13 q
unresolvedQiagen N.V	0.30%	7,818,428	$171M	trimmed−0%	−0.01 pp	13 q
CXCemex S.A.B. de C.V.	0.29%	26,063,766	$161M	added+1%	−0.03 pp	13 q
unresolvedLinkedin Corp Cl A	0.29%	857,718	$162M	trimmed−72%	−0.34 pp	13 q
unresolvedChina Biologic Products Inc	0.28%	1,460,752	$155M	new	+0.28 pp	new
QSRRestaurant Brands International Inc.	0.28%	3,817,157	$158M	added0%	+0.02 pp	7 q
BAPCredicorp LTD	0.28%	1,018,920	$157M	added+1%	+0.05 pp	13 q
unresolvedFinancial Engines	0.27%	5,900,797	$153M	trimmed−0%	−0.06 pp	10 q
IBNICICI Bank Limited	0.27%	20,717,391	$149M	trimmed−6%	−0.01 pp	13 q
EMBJEmbraer S.A.	0.26%	6,757,523	$147M	trimmed−48%	−0.34 pp	13 q
ZZillow Group, Inc. Class C	0.26%	3,949,342	$143M	trimmed−3%	+0.09 pp	4 q
unresolvedAtlassian Corp Plc	0.25%	5,514,818	$143M	new	+0.25 pp	new
CPACopa Holdings, S.A.	0.25%	2,701,866	$141M	added+1%	−0.07 pp	13 q
unresolvedLeucadia National	0.23%	7,486,027	$130M	trimmed−0%	+0.02 pp	7 q
PSMTPricesmart Inc	0.23%	1,401,080	$131M	added+1%	+0.02 pp	13 q
GOOGLAlphabet Inc. Class A	0.20%	156,725	$110M	trimmed−11%	−0.04 pp	4 q
WSOWatsco, Inc.	0.19%	754,917	$106M	trimmed−11%	−0.01 pp	13 q
AAPLApple Inc.	0.15%	908,752	$87M	trimmed−18%	−0.06 pp	13 q
MTBM&T Bank Corp.	0.15%	695,898	$82M	trimmed−26%	−0.03 pp	13 q
TALTAL Education Group	0.15%	1,384,238	$86M	added+36%	+0.06 pp	2 q
ATHMAutohome Inc.	0.14%	3,843,144	$77M	trimmed−0%	−0.05 pp	5 q
HDBHDFC Bank Limited	0.13%	1,060,222	$70M	trimmed−6%	+0.01 pp	6 q
ABMDAbiomed Inc	0.12%	598,353	$65M	trimmed−13%	+0.01 pp	3 q
HOGHarley-Davidson, Inc.	0.12%	1,488,457	$67M	trimmed−20%	−0.05 pp	13 q
ZGZillow Group Inc Class A	0.12%	1,851,003	$68M	trimmed−5%	+0.03 pp	6 q
CMGChipotle Mexican Grill, Inc.	0.11%	150,791	$61M	trimmed−12%	−0.03 pp	5 q
TVGrupo Televisa S.A.	0.11%	2,368,416	$62M	added+2%	0.00 pp	7 q
INFYInfosys Limited	0.11%	3,309,339	$59M	added+4%	0.00 pp	10 q
WWayfair Inc.	0.11%	1,509,644	$59M	added×2.3	+0.06 pp	4 q
HIMXHimax Technologies, Inc.	0.10%	7,108,360	$59M	trimmed−6%	−0.05 pp	5 q
VRSKVerisk Analytics, Inc.	0.09%	649,054	$53M	new	+0.09 pp	new
DXCMDexCom, Inc.	0.07%	480,978	$38M	added×2.3	+0.05 pp	13 q
FASTFastenal Co	0.07%	835,653	$37M	added+4%	0.00 pp	12 q
VVRInvesco Senior Income Trust	0.07%	8,949,118	$37M	held	—	7 q
DATATableau Software, Inc.	0.07%	827,748	$40M	trimmed−13%	−0.01 pp	2 q
unresolvedVoya Prime Rate Trust	0.07%	7,294,676	$37M	held	—	7 q
WIXWIX.com Ltd.	0.07%	1,308,682	$40M	added+16%	+0.03 pp	3 q
KOCoca-Cola Company	0.06%	798,257	$36M	added+24%	+0.01 pp	10 q
EFTEaton Vance Floating-Rate Income Trust	0.05%	1,972,000	$26M	held	—	11 q
GHDXGenomic Health, Inc.	0.05%	1,120,296	$29M	trimmed−16%	−0.01 pp	13 q
IDXXIdexx Laboratories Inc	0.05%	306,383	$28M	trimmed−28%	−0.01 pp	13 q
JNJJohnson & Johnson	0.05%	243,622	$30M	added+31%	+0.01 pp	13 q
JFRNuveen Floating Rate Income Fund	0.05%	2,750,000	$28M	held	—	11 q
PGProcter & Gamble Company	0.05%	323,808	$27M	added+18%	+0.01 pp	5 q
unresolvedTerraform Pwr Inc	0.05%	2,623,658	$29M	added+24%	+0.02 pp	3 q
SINASina Corp	0.05%	512,054	$27M	added+11%	+0.01 pp	2 q
AWRAmerican States Water Company	0.04%	561,470	$25M	added+45%	+0.01 pp	4 q
AGRAvangrid, Inc.	0.04%	508,132	$23M	added+47%	+0.02 pp	2 q
BF.BBrown-Forman Corporation Class B	0.04%	200,544	$20M	trimmed−18%	0.00 pp	13 q
EDConsolidated Edison, Inc.	0.04%	265,190	$21M	new	+0.04 pp	new
EIXEdison International	0.04%	285,460	$22M	new	+0.04 pp	new
unresolvedLinear Technology Group	0.04%	535,108	$25M	added+7%	0.00 pp	13 q
PCGPG&E Corporation	0.04%	331,426	$21M	added+31%	+0.01 pp	2 q
PEPPepsiCo, Inc.	0.04%	223,013	$24M	trimmed−7%	0.00 pp	13 q
QCOMQualcomm Inc	0.04%	414,756	$22M	trimmed−92%	−0.41 pp	12 q
unresolvedReynolds American	0.04%	411,892	$22M	trimmed−6%	0.00 pp	13 q
TJXTJX Companies, Inc. (The)	0.04%	314,991	$24M	added+2%	0.00 pp	13 q
UPSUnited Parcel Service, Inc. Class B	0.04%	216,722	$23M	added+7%	0.00 pp	13 q
AEEAmeren Corporation	0.03%	314,986	$17M	added0%	0.00 pp	2 q
ADIAnalog Devices, Inc.	0.03%	303,596	$17M	trimmed−22%	−0.01 pp	13 q
BGTBlackRock Floating Rate Income Trust	0.03%	1,150,000	$15M	held	—	11 q
CWTCalifornia Water Service	0.03%	483,766	$17M	trimmed−56%	−0.02 pp	4 q
DHRDanaher Corporation	0.03%	192,903	$19M	trimmed−22%	−0.01 pp	13 q
XEFRXEaton Vance Sr Fltg Rate Tr	0.03%	1,471,579	$19M	held	—	4 q
ESEversource Energy	0.03%	264,041	$16M	held	—	2 q
EXCExelon Corporation	0.03%	471,720	$17M	new	+0.03 pp	new
XFCTXFirst Trust Snr FL Rt Inc II	0.03%	1,330,000	$17M	held	—	7 q
IRBTiRobot Corporation	0.03%	530,400	$19M	added+4%	0.00 pp	13 q
MCDMcDonald's Corporation	0.03%	142,068	$17M	added+7%	0.00 pp	13 q
MSFTMicrosoft Corp	0.03%	380,945	$19M	trimmed−16%	−0.01 pp	13 q
unresolvedNational Instrs Corp	0.03%	522,644	$14M	added×2.6	+0.02 pp	5 q
NYCBFlagstar Bank, National Association	0.03%	1,266,082	$19M	added+7%	0.00 pp	13 q
SOHUNSohu.com Inc	0.03%	473,634	$18M	added+14%	−0.01 pp	2 q
AWKAmerican Water Works Company, Inc	0.02%	122,159	$10M	trimmed−55%	−0.01 pp	4 q
unresolvedApollo Senior Floating Rate Fund Inc	0.02%	617,746	$10M	held	—	11 q
unresolvedAqua America	0.02%	374,632	$13M	trimmed−36%	−0.01 pp	4 q
BMYBristol-Myers Squibb Co.	0.02%	183,785	$14M	trimmed−25%	−0.01 pp	13 q
DCIDonaldson Company, Inc.	0.02%	290,081	$10M	held	—	12 q
EVFEaton Vance Senior Income Trust	0.02%	1,885,000	$11M	held	—	11 q
GSGoldman Sachs Group Inc.	0.02%	82,543	$12M	held	—	8 q
HEIHEICO Corporation	0.02%	183,590	$12M	held	—	12 q
IPGPIPG Photonics Corporation	0.02%	163,550	$13M	held	—	13 q
ELThe Estee Lauder Companies Inc. Class A	0.02%	111,584	$10M	held	—	3 q
TREELendingTree, Inc.	0.02%	122,700	$11M	added+48%	+0.01 pp	2 q
LTRPALiberty TripAdvisor Holdings, Inc. Series A	0.02%	543,314	$12M	held	—	6 q
unresolvedNuveen Senior Income Fund	0.02%	1,915,000	$12M	held	—	11 q
ORLYO'Reilly Automotive, Inc.	0.02%	51,609	$14M	trimmed−35%	−0.02 pp	13 q
ONDKOn Deck Capital, Inc.	0.02%	2,231,608	$11M	added+3%	−0.01 pp	4 q
PCARPaccar Inc	0.02%	184,247	$10M	held	—	7 q
PMPhilip Morris International Inc.	0.02%	129,570	$13M	held	—	13 q
XPHDXPioneer Floating Rate Fund	0.02%	1,236,803	$14M	held	—	11 q
PXGBXPraxair Inc	0.02%	92,284	$10M	trimmed−96%	−0.42 pp	13 q
SLBSLB Limited	0.02%	119,127	$9M	held	—	12 q
SHWThe Sherwin-Williams Company	0.02%	31,236	$9M	held	—	12 q
STMPStamps.com, Inc.	0.02%	114,150	$10M	trimmed−36%	−0.01 pp	13 q
TIFTiffany & Co.	0.02%	198,733	$12M	held	—	12 q
VECOVeeco Instruments Inc	0.02%	552,644	$9M	held	—	3 q
WECWEC Energy Group, Inc.	0.02%	174,000	$11M	new	+0.02 pp	new
BCRHBlue Capital Reinsurance Hol	0.02%	629,438	$12M	held	—	11 q
ADAPYAdaptimmune Theraptcs	0.01%	429,700	$4M	held	—	2 q
ADROChinook Therapeutics Inc	0.01%	290,000	$3M	added+26%	0.00 pp	2 q
AVAVAeroVironment, Inc.	0.01%	228,710	$6M	held	—	13 q
unresolvedArm Hdg.Spn.Adr	0.01%	71,451	$3M	held	—	8 q
CSLTCastlight Health, Inc.	0.01%	1,794,820	$7M	held	—	10 q
CDXSCodexis, Inc.	0.01%	1,185,133	$5M	added+20%	0.00 pp	6 q
96669EURDmrc LLC	0.01%	174,500	$6M	added+13%	0.00 pp	4 q
unresolvedEllie Mae	0.01%	71,000	$7M	held	—	12 q
EPAMEpam Systems, Inc.	0.01%	84,900	$5M	trimmed−56%	−0.02 pp	13 q
unresolvedExa Corp	0.01%	419,630	$6M	held	—	11 q
FAROFaro Technologies Inc	0.01%	124,080	$4M	held	—	13 q
unresolvedFoundation Medicine	0.01%	174,800	$3M	held	—	8 q
MCHPMicrochip Technology Inc	0.01%	82,660	$4M	held	—	12 q
unresolvedNovadaq Technologies Inc	0.01%	704,480	$7M	held	—	13 q
PCRXPacira BioSciences, Inc.	0.01%	213,600	$7M	added×7.8	+0.01 pp	4 q
PYPLPayPal Holdings, Inc.	0.01%	151,960	$6M	held	—	4 q
POWIPower Integrations Inc	0.01%	80,680	$4M	held	—	13 q
PLXProtalix BioTherapeutics, Inc.	0.01%	6,361,364	$4M	trimmed−1%	0.00 pp	13 q
REGNRegeneron Pharmaceuticals Inc	0.01%	10,100	$4M	held	—	13 q
SKMSK Telecom Co., Ltd.	0.01%	187,074	$4M	added+20%	0.00 pp	11 q
unresolvedSolarCity Corp	0.01%	312,900	$7M	held	—	9 q
VARVarian Medical Systems, Inc.	0.01%	100,667	$8M	held	—	12 q
WITWipro Limited	0.01%	246,587	$3M	trimmed−51%	0.00 pp	5 q
SSYSStratasys Inc (ISRAEL)	0.01%	356,100	$8M	trimmed−31%	−0.01 pp	13 q
ACTGAcacia Research Corporation	0.00%	365,820	$2M	held	—	13 q
ONCBeOne Medicines Ltd.	0.00%	68,200	$2M	added×36.9	0.00 pp	2 q
BIOAQBioamber Inc	0.00%	579,540	$2M	held	—	6 q
HCMHUTCHMED (China) Limited	0.00%	149,810	$2M	new	0.00 pp	new
RIORio Tinto plc	0.00%	70,626	$2M	held	—	8 q
unresolvedSenomyx	0.00%	121,665	$334,000	trimmed−79%	0.00 pp	8 q
unresolvedVale S.A. PFD	0.00%	323,000	$1M	held	—	13 q
unresolvedLuxoft Holding	0.00%	28,430	$1M	new	0.00 pp	new
FOMXFoamix Pharmaceuticals Ltd	0.00%	219,400	$1M	held	—	5 q
LCHappen, Inc.	—	−34,620,494	—	exited	−0.51 pp	—
EBAYeBay Inc	—	−8,814,111	—	exited	−0.37 pp	—
XLNXXilinx Inc	—	−3,411,319	—	exited	−0.28 pp	—
TWTRTwitter, Inc.	—	−6,695,551	—	exited	−0.20 pp	—
IWFiShares Russell 1000 Growth ETF	—	−147,863	—	exited	−0.03 pp	—
VOOVanguard S&P 500 ETF	—	−78,355	—	exited	−0.03 pp	—
WRWestar Energy Inc	—	−315,169	—	exited	−0.03 pp	—
BRK.BBERKSHIRE HATHAWAY Class B	—	−41,243	—	exited	−0.01 pp	—
ETSYEtsy, Inc.	—	−485,000	—	exited	−0.01 pp	—
USBU.S. Bancorp	—	−104,000	—	exited	−0.01 pp	—
unresolvedHealthsouth Corp	—	−7,280	—	exited	0.00 pp	—
EFAiShares MSCI EAFE ETF	—	−10,868	—	exited	0.00 pp	—
unresolvedYouku Inc ADR	—	−14,343	—	exited	0.00 pp	—