Baillie Gifford

Q4 2016 13F

As of: Dec 31, 2016
Filed: Feb 14, 2017
US stock: $60.8B · prev $63.9B
Positions: 198 · prev 195
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%

Moves167 since the prior filing

+1.5 pp in · −1.5 pp out

New 8 +0.57 pp
Added 65 +0.93 pp
Trimmed 89 −1.36 pp
Exited 5 −0.18 pp

The book

Focused · behaves like 31 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 11% a year, about 8.7 years per position

Low
Moderate
High

Top 5 positions32% of US stock

AMZN Amazon.Com Inc trimmed−0.76 pp trimmed−0.769.2%
BABA Alibaba Group Holding Limited added−0.61 pp added−0.617.0%
BIDU Baidu, Inc. trimmed−0.50 pp trimmed−0.506.7%
TSLA Tesla, Inc. added+0.57 pp added+0.574.7%
META Meta Platforms, Inc. Class A trimmed−0.29 pp trimmed−0.294.6%

Positions198 in this filing · 5 exited


AMZNAmazon.Com Inc	9.18%	7,442,632	$5.6B	trimmed−2%	−0.76 pp	15 q
BABAAlibaba Group Holding Limited	7.03%	48,695,933	$4.3B	added+6%	−0.61 pp	10 q
BIDUBaidu, Inc.	6.67%	24,675,396	$4.1B	trimmed−2%	−0.50 pp	15 q
TSLATesla, Inc.	4.67%	13,289,548	$2.8B	added+4%	+0.57 pp	15 q
METAMeta Platforms, Inc. Class A	4.58%	24,189,330	$2.8B	trimmed−0%	−0.29 pp	15 q
ILMNIllumina Inc	3.95%	18,766,712	$2.4B	added+1%	−1.33 pp	15 q
GOOGAlphabet Inc. Class C	3.84%	3,024,608	$2.3B	trimmed−1%	+0.13 pp	11 q
CTRPTrip.com Group Limited	3.26%	49,601,663	$2.0B	added+10%	−0.03 pp	15 q
NVDANvidia Corp	2.48%	14,140,920	$1.5B	added+37%	+1.37 pp	4 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	2.28%	48,242,454	$1.4B	trimmed−2%	−0.07 pp	4 q
RCLRoyal Caribbean Group	1.86%	13,770,426	$1.1B	trimmed−2%	+0.21 pp	15 q
FRCBFirst Republic Bk CA	1.78%	11,725,057	$1.1B	trimmed−2%	+0.34 pp	15 q
RACEFerrari N.V.	1.74%	18,155,973	$1.1B	added+9%	+0.39 pp	4 q
MELIMercado Libre, Inc	1.64%	6,378,243	$996M	added+2%	−0.18 pp	15 q
ISRGIntuitive Surgical Inc.	1.63%	1,563,220	$991M	trimmed−0%	−0.15 pp	15 q
NFLXNetFlix Inc	1.50%	7,358,433	$911M	added+2%	+0.39 pp	8 q
SGENSeagen Inc.	1.44%	16,570,644	$874M	trimmed−1%	+0.02 pp	15 q
AMTTd Ameritrade Holding Corp	1.44%	20,108,922	$877M	trimmed−2%	+0.30 pp	15 q
unresolvedFiat Chrysler Automobiles NV s	1.28%	85,370,632	$780M	trimmed−8%	+0.36 pp	9 q
ELVElevance Health, Inc.	1.22%	5,143,989	$740M	trimmed−3%	+0.18 pp	9 q
MLMMartin Marietta Materials	1.18%	3,232,606	$716M	trimmed−4%	+0.24 pp	15 q
MCOMoody's Corporation	1.10%	7,124,606	$672M	trimmed−6%	−0.18 pp	15 q
MAMastercard Incorporated	0.99%	5,812,996	$600M	trimmed−2%	+0.05 pp	15 q
KMXCarMax Inc.	0.97%	9,141,890	$589M	trimmed−2%	+0.19 pp	15 q
RYAAYRyanair Holdings plc	0.97%	7,108,137	$592M	trimmed−1%	+0.13 pp	5 q
TRIPTripAdvisor, Inc.	0.95%	12,417,263	$576M	trimmed−2%	−0.30 pp	15 q
EOGEOG Resources, Inc.	0.91%	5,453,226	$551M	trimmed−2%	+0.06 pp	15 q
MKLMarkel Group Inc.	0.85%	569,135	$515M	trimmed−37%	−0.46 pp	15 q
WDAYWorkday, Inc. Class A	0.85%	7,854,613	$519M	trimmed−0%	−0.28 pp	15 q
9990302DApache Corp	0.84%	8,060,349	$512M	trimmed−2%	+0.02 pp	15 q
UAAUnder Armour, Inc.	0.84%	17,535,907	$509M	added+23%	−0.02 pp	6 q
VVISA Inc.	0.84%	6,572,440	$513M	trimmed−3%	−0.04 pp	15 q
CRMSalesforce, Inc.	0.78%	6,919,332	$474M	trimmed−2%	−0.01 pp	15 q
NBISNebius Group N.V. Class A	0.75%	22,702,677	$457M	trimmed−2%	−0.02 pp	12 q
JDJD.com, Inc.	0.73%	17,384,889	$442M	trimmed−22%	−0.18 pp	11 q
TERTeradyne, Inc.	0.69%	16,622,390	$422M	trimmed−2%	+0.12 pp	15 q
CHRWC.H. Robinson Worldwide, Inc.	0.68%	5,675,710	$416M	trimmed−1%	+0.05 pp	14 q
WATWaters Corp	0.68%	3,064,158	$412M	trimmed−2%	−0.10 pp	15 q
RBARB Global, Inc.	0.67%	11,899,567	$405M	trimmed−2%	0.00 pp	15 q
VRSKVerisk Analytics, Inc.	0.67%	4,988,166	$405M	added×7.8	+0.59 pp	3 q
IONSIonis Pharmaceuticals, Inc.	0.66%	8,415,156	$402M	trimmed−1%	+0.17 pp	5 q
LECOLincoln Electric Holdings Inc	0.65%	5,173,755	$397M	trimmed−2%	+0.13 pp	15 q
WABWabtec Inc.	0.65%	4,762,036	$395M	trimmed−2%	+0.03 pp	4 q
MKTXMarketAxess Holdings Inc.	0.64%	2,657,408	$390M	trimmed−1%	−0.05 pp	15 q
DXCMDexCom, Inc.	0.60%	6,128,804	$366M	added+1%	−0.23 pp	15 q
CLColgate-Palmolive Company	0.58%	5,418,509	$355M	trimmed−6%	−0.09 pp	15 q
SPLKSplunk Inc	0.57%	6,816,533	$349M	trimmed−1%	−0.06 pp	13 q
unresolvedNew Oriental Ed & Tech Grp I	0.56%	8,057,783	$339M	trimmed−2%	−0.03 pp	15 q
unresolvedBluebird Bio Inc	0.52%	5,164,467	$319M	added+3%	−0.01 pp	8 q
RMDResMed Inc.	0.52%	5,049,184	$313M	trimmed−2%	0.00 pp	2 q
unresolvedGrubhub Inc	0.50%	8,130,739	$306M	added+3%	−0.03 pp	7 q
unresolvedMonsanto Co	0.49%	2,855,176	$300M	trimmed−2%	+0.03 pp	15 q
DNOWDNOW Inc.	0.44%	13,192,445	$270M	trimmed−2%	−0.01 pp	11 q
MTDMettler-Toledo International	0.43%	630,394	$264M	trimmed−1%	+0.01 pp	15 q
CXCemex S.A.B. de C.V.	0.41%	30,809,554	$247M	added+17%	+0.08 pp	15 q
ITUBItau Unibanco Holding S.A.	0.41%	23,974,347	$246M	trimmed−1%	+0.04 pp	15 q
unresolvedMobileye Nv	0.41%	6,523,754	$249M	trimmed−1%	−0.03 pp	2 q
unresolvedAtlassian Corp Plc	0.40%	10,110,591	$243M	added+1%	−0.07 pp	3 q
CPACopa Holdings, S.A.	0.37%	2,478,591	$225M	trimmed−8%	0.00 pp	15 q
unresolvedFinancial Engines	0.35%	5,736,801	$211M	trimmed−2%	+0.08 pp	12 q
KEXKirby Corporation	0.35%	3,208,376	$213M	trimmed−1%	+0.04 pp	4 q
SRCLStericycle Inc	0.35%	2,799,330	$216M	trimmed−3%	−0.01 pp	4 q
unresolvedQiagen N.V	0.35%	7,592,794	$213M	trimmed−2%	+0.02 pp	15 q
unresolvedJuno Therapeutics Inc	0.34%	11,061,955	$209M	added+2%	−0.17 pp	5 q
HHCThe Howard Hughes Corporation	0.33%	1,748,703	$200M	trimmed−3%	+0.01 pp	12 q
IBKRInteractive Brokers Group, Inc. Class A	0.33%	5,499,239	$201M	trimmed−2%	+0.02 pp	4 q
TALTAL Education Group	0.32%	2,735,378	$192M	trimmed−1%	+0.01 pp	4 q
MYGNMyriad Genetics Inc	0.28%	10,159,758	$169M	trimmed−3%	−0.06 pp	14 q
QSRRestaurant Brands International Inc.	0.28%	3,609,507	$172M	trimmed−4%	+0.02 pp	9 q
unresolvedLeucadia National	0.27%	6,940,636	$161M	trimmed−4%	+0.05 pp	9 q
unresolvedChina Biologic Products Inc	0.25%	1,413,045	$152M	trimmed−2%	−0.03 pp	3 q
IBNICICI Bank Limited	0.25%	20,323,633	$152M	trimmed−1%	+0.01 pp	15 q
BAPCredicorp LTD	0.24%	936,690	$148M	trimmed−2%	+0.01 pp	15 q
ZZillow Group, Inc. Class C	0.23%	3,774,279	$138M	trimmed−0%	+0.02 pp	6 q
EMBJEmbraer S.A.	0.21%	6,573,136	$127M	trimmed−1%	+0.03 pp	15 q
PBRPetroleo Brasileiro S.a.-petrobras	0.21%	12,394,510	$125M	new	+0.21 pp	new
ALNYAlnylam Pharmaceuticals, Inc.	0.20%	3,318,022	$124M	trimmed−1%	−0.16 pp	15 q
BBDBanco Bradesco S.A.	0.20%	13,912,660	$121M	new	+0.20 pp	new
GOOGLAlphabet Inc. Class A	0.19%	145,115	$115M	trimmed−2%	0.00 pp	6 q
PSMTPricesmart Inc	0.19%	1,349,909	$113M	trimmed−2%	+0.01 pp	15 q
WSOWatsco, Inc.	0.17%	712,505	$106M	trimmed−0%	+0.01 pp	15 q
ATHMAutohome Inc.	0.15%	3,717,739	$94M	trimmed−3%	0.00 pp	7 q
CELGCelgene Corp	0.13%	671,088	$78M	added+2%	+0.02 pp	2 q
HOGHarley-Davidson, Inc.	0.13%	1,311,410	$77M	added+2%	+0.02 pp	15 q
MTBM&T Bank Corp.	0.13%	511,987	$80M	trimmed−19%	+0.02 pp	15 q
INFYInfosys Limited	0.12%	4,793,056	$71M	added+40%	+0.04 pp	12 q
ABMDAbiomed Inc	0.11%	588,171	$66M	added+2%	−0.01 pp	5 q
AXPAmerican Express Company	0.11%	935,228	$69M	added+1%	+0.02 pp	14 q
CMGChipotle Mexican Grill, Inc.	0.10%	154,920	$58M	added+5%	0.00 pp	7 q
HDBHDFC Bank Limited	0.10%	1,003,632	$61M	trimmed−1%	−0.01 pp	8 q
DATATableau Software, Inc.	0.10%	1,415,693	$60M	added+1%	−0.02 pp	4 q
ZGZillow Group Inc Class A	0.10%	1,587,514	$58M	trimmed−7%	+0.01 pp	8 q
WIXWIX.com Ltd.	0.10%	1,383,642	$62M	trimmed−0%	+0.01 pp	5 q
WWayfair Inc.	0.09%	1,527,615	$54M	added+1%	0.00 pp	6 q
FASTFastenal Co	0.07%	867,126	$41M	added+9%	+0.02 pp	14 q
VVRInvesco Senior Income Trust	0.07%	8,949,118	$42M	held	—	9 q
unresolvedVoya Prime Rate Trust	0.07%	7,294,676	$40M	held	—	9 q
CSGPCoStar Group Inc	0.06%	179,716	$34M	added0%	0.00 pp	2 q
IRBTiRobot Corporation	0.06%	615,600	$36M	trimmed−3%	+0.02 pp	15 q
unresolvedTerraform Pwr Inc	0.06%	2,655,420	$34M	added+1%	0.00 pp	5 q
VRTXVertex Pharmaceuticals Inc	0.06%	460,463	$34M	new	+0.06 pp	new
SINASina Corp	0.06%	567,445	$34M	trimmed−1%	−0.01 pp	4 q
KOCoca-Cola Company	0.05%	774,386	$32M	added+2%	0.00 pp	12 q
AWRAmerican States Water Company	0.04%	476,080	$22M	added+2%	+0.01 pp	6 q
GSGoldman Sachs Group Inc.	0.04%	89,363	$21M	added+8%	+0.02 pp	10 q
JNJJohnson & Johnson	0.04%	236,626	$27M	added+3%	0.00 pp	15 q
TREELendingTree, Inc.	0.04%	225,700	$23M	held	—	4 q
2051428DOmr Art Smgarp Eu Eq PEN-2	0.04%	702,786	$24M	new	+0.04 pp	new
MSFTMicrosoft Corp	0.04%	355,250	$22M	added+2%	+0.01 pp	15 q
PGProcter & Gamble Company	0.04%	310,064	$26M	added+3%	0.00 pp	7 q
TJXTJX Companies, Inc. (The)	0.04%	344,134	$26M	added+14%	0.00 pp	15 q
UPSUnited Parcel Service, Inc. Class B	0.04%	207,840	$24M	added+3%	+0.01 pp	15 q
AEEAmeren Corporation	0.03%	322,460	$17M	added+2%	+0.01 pp	4 q
ADIAnalog Devices, Inc.	0.03%	290,866	$21M	added+4%	0.00 pp	15 q
AAPLApple Inc.	0.03%	144,120	$17M	trimmed−79%	−0.09 pp	15 q
AGRAvangrid, Inc.	0.03%	517,220	$20M	added+2%	0.00 pp	4 q
BGTBlackRock Floating Rate Income Trust	0.03%	1,150,000	$16M	held	—	13 q
BF.BBrown-Forman Corporation Class B	0.03%	431,711	$19M	added+8%	0.00 pp	15 q
EDConsolidated Edison, Inc.	0.03%	271,810	$20M	added+2%	0.00 pp	3 q
EIXEdison International	0.03%	292,030	$21M	added+2%	0.00 pp	3 q
EXCExelon Corporation	0.03%	484,430	$17M	added+2%	+0.01 pp	3 q
FTVFortive Corporation	0.03%	384,730	$21M	trimmed−1%	0.00 pp	2 q
HIMXHimax Technologies, Inc.	0.03%	2,700,530	$16M	trimmed−2%	−0.01 pp	7 q
IPGPIPG Photonics Corporation	0.03%	154,550	$15M	trimmed−6%	+0.01 pp	15 q
unresolvedLinear Technology Group	0.03%	301,410	$19M	trimmed−27%	−0.01 pp	15 q
MCDMcDonald's Corporation	0.03%	138,349	$17M	added+5%	+0.01 pp	15 q
unresolvedNational Instrs Corp	0.03%	670,548	$21M	added+35%	+0.01 pp	7 q
NYCBFlagstar Bank, National Association	0.03%	1,230,337	$20M	added+4%	0.00 pp	15 q
PCGPG&E Corporation	0.03%	339,205	$21M	added+2%	0.00 pp	4 q
PEPPepsiCo, Inc.	0.03%	198,459	$21M	added+3%	0.00 pp	15 q
unresolvedReynolds American	0.03%	378,626	$21M	held	—	15 q
SOHUNSohu.com Inc	0.03%	554,411	$19M	trimmed−2%	−0.01 pp	4 q
TIFTiffany & Co.	0.03%	224,118	$17M	added+13%	+0.01 pp	14 q
UAUnder Armour, Inc. Class C, $0.0003 1/3 par value	0.03%	736,390	$19M	new	+0.03 pp	new
VECOVeeco Instruments Inc	0.03%	552,644	$16M	held	—	5 q
unresolvedWhole Foods Market	0.03%	655,238	$20M	trimmed−3%	0.00 pp	15 q
unresolvedApollo Senior Floating Rate Fund Inc	0.02%	617,746	$11M	held	—	13 q
unresolvedAqua America	0.02%	377,230	$11M	added+1%	0.00 pp	6 q
Barclays PLCconvertible	0.02%	10,100,000	$11M	new	+0.02 pp	new
BMYBristol-Myers Squibb Co.	0.02%	186,381	$11M	added+1%	0.00 pp	15 q
CWTCalifornia Water Service	0.02%	412,650	$14M	added+2%	0.00 pp	6 q
DLBDolby Laboratories, Inc.Class A	0.02%	260,767	$12M	trimmed−95%	−0.45 pp	15 q
DCIDonaldson Company, Inc.	0.02%	321,785	$14M	added+11%	0.00 pp	14 q
EVFEaton Vance Senior Income Trust	0.02%	1,885,000	$13M	held	—	13 q
XEFRXEaton Vance Sr Fltg Rate Tr	0.02%	964,976	$14M	trimmed−34%	−0.01 pp	6 q
unresolvedEllie Mae	0.02%	181,124	$15M	added×2.6	+0.01 pp	14 q
ESEversource Energy	0.02%	267,985	$15M	added+1%	0.00 pp	4 q
XFCTXFirst Trust Snr FL Rt Inc II	0.02%	800,891	$11M	trimmed−40%	−0.01 pp	9 q
HEIHEICO Corporation	0.02%	166,454	$13M	trimmed−3%	0.00 pp	14 q
unresolvedNuveen Senior Income Fund	0.02%	1,915,000	$13M	held	—	13 q
ORLYO'Reilly Automotive, Inc.	0.02%	48,325	$13M	trimmed−6%	0.00 pp	15 q
PCARPaccar Inc	0.02%	207,327	$13M	added+13%	0.00 pp	9 q
PMPhilip Morris International Inc.	0.02%	106,590	$10M	added+7%	0.00 pp	15 q
XPHDXPioneer Floating Rate Fund	0.02%	1,236,803	$15M	held	—	13 q
SLBSLB Limited	0.02%	119,127	$10M	held	—	14 q
SHWThe Sherwin-Williams Company	0.02%	38,801	$10M	added+24%	+0.01 pp	14 q
TRUPTrupanion, Inc.	0.02%	875,000	$14M	added×2.4	+0.01 pp	2 q
WECWEC Energy Group, Inc.	0.02%	177,490	$10M	added+2%	0.00 pp	3 q
BCRHBlue Capital Reinsurance Hol	0.02%	629,438	$12M	held	—	13 q
ADAPYAdaptimmune Theraptcs	0.01%	920,984	$4M	held	—	4 q
ADROChinook Therapeutics Inc	0.01%	290,000	$3M	held	—	4 q
AVAVAeroVironment, Inc.	0.01%	287,710	$8M	held	—	15 q
AWKAmerican Water Works Company, Inc	0.01%	125,910	$9M	added+3%	0.00 pp	6 q
BIOAQBioamber Inc	0.01%	579,540	$3M	held	—	8 q
CSLTCastlight Health, Inc.	0.01%	1,794,820	$9M	held	—	12 q
CDXSCodexis, Inc.	0.01%	1,185,133	$5M	held	—	8 q
96669EURDmrc LLC	0.01%	174,500	$5M	held	—	6 q
EFTEaton Vance Floating-Rate Income Trust	0.01%	518,187	$8M	trimmed−74%	−0.03 pp	13 q
EPAMEpam Systems, Inc.	0.01%	84,900	$5M	held	—	15 q
unresolvedExa Corp	0.01%	419,630	$6M	held	—	13 q
FAROFaro Technologies Inc	0.01%	174,080	$6M	held	—	15 q
unresolvedFoundation Medicine	0.01%	174,800	$3M	held	—	10 q
ELThe Estee Lauder Companies Inc. Class A	0.01%	111,584	$9M	held	—	5 q
LTRPALiberty TripAdvisor Holdings, Inc. Series A	0.01%	543,314	$8M	held	—	8 q
MCHPMicrochip Technology Inc	0.01%	82,660	$5M	held	—	14 q
unresolvedNovadaq Technologies Inc	0.01%	704,480	$5M	held	—	15 q
JFRNuveen Floating Rate Income Fund	0.01%	451,552	$5M	trimmed−84%	−0.04 pp	13 q
ONDKOn Deck Capital, Inc.	0.01%	884,130	$4M	trimmed−59%	−0.01 pp	6 q
PCRXPacira BioSciences, Inc.	0.01%	213,600	$7M	held	—	6 q
POWIPower Integrations Inc	0.01%	80,680	$5M	held	—	15 q
PXGBXPraxair Inc	0.01%	70,221	$8M	held	—	15 q
STAAStaar Surgical Co	0.01%	489,540	$5M	new	+0.01 pp	new
STMPStamps.com, Inc.	0.01%	63,550	$7M	trimmed−8%	0.00 pp	15 q
VARVarian Medical Systems, Inc.	0.01%	100,667	$9M	held	—	14 q
WITWipro Limited	0.01%	346,135	$3M	added0%	0.00 pp	7 q
unresolvedLuxoft Holding	0.01%	96,930	$5M	held	—	3 q
SSYSStratasys Inc (ISRAEL)	0.01%	229,400	$4M	trimmed−36%	0.00 pp	15 q
ACTGAcacia Research Corporation	0.00%	365,820	$2M	held	—	15 q
AIYActivision Blizzard Inc	0.00%	44,300	$2M	new	0.00 pp	new
ONCBeOne Medicines Ltd.	0.00%	69,284	$2M	added+1%	0.00 pp	4 q
HCMHUTCHMED (China) Limited	0.00%	153,703	$2M	added+1%	0.00 pp	3 q
KEPKorea Electric Power Corp	0.00%	4,000	$74,000	added×2.1	0.00 pp	2 q
NTESNetEase, inc.	0.00%	1,312	$283,000	added+5%	0.00 pp	2 q
REGNRegeneron Pharmaceuticals Inc	0.00%	5,500	$2M	trimmed−46%	−0.01 pp	15 q
RIORio Tinto plc	0.00%	70,626	$3M	held	—	10 q
SKMSK Telecom Co., Ltd.	0.00%	57,235	$1M	trimmed−68%	−0.01 pp	13 q
WBWeibo Corporation	0.00%	61,182	$2M	held	—	2 q
FOMXFoamix Pharmaceuticals Ltd	0.00%	219,400	$2M	held	—	7 q
TVGrupo Televisa S.A.	—	−2,247,243	—	exited	−0.09 pp	—
IDXXIdexx Laboratories Inc	—	−302,409	—	exited	−0.05 pp	—
GHDXGenomic Health, Inc.	—	−548,376	—	exited	−0.02 pp	—
PLXProtalix BioTherapeutics, Inc.	—	−6,361,364	—	exited	−0.01 pp	—
unresolvedSolarCity Corp	—	−312,900	—	exited	−0.01 pp	—