Baillie Gifford & Co

Baillie Gifford’s aggressive growth philosophy is reflected in a very low turnover, active orientation, and a portfolio concentrated in high-conviction, high-growth disruptors across technology and consumer cyclical sectors, which together account for 48.7% of assets. The top 15 holdings, led by NVIDIA at 7.3% and Amazon at 6.0%, include a heavy tilt toward platform and digital economy names such as MercadoLibre, Spotify, Nu Holdings, and Shopify, signaling a long-term bet on structural growth and network effects. With over 900 positions but the largest stake at just 7.3%, the fund maintains broad diversification while still exhibiting strong conviction in its top ideas, and the unclassified allocation of 14.1% suggests exposure to emerging or thematic areas not neatly captured by traditional sector buckets.