Insight into Baillie Gifford (Trades, Portfolio)'s Latest 13F Filings and Strategic Decisions

• Warning! GuruFocus has detected 4 Warning Sign with MELI.

Baillie Gifford (Trades, Portfolio), a century-old investment management firm, recently disclosed its 13F filings for the third quarter of 2024. Known for its commitment to long-term, bottom-up investing, Baillie Gifford (Trades, Portfolio) focuses on identifying companies with potential for sustainable, superior growth. The firm manages assets for some of the world's most prominent institutional investors, emphasizing a rigorous fundamental analysis to guide its investment decisions.

Summary of New Buys

Baillie Gifford (Trades, Portfolio)'s portfolio saw the addition of 14 new stocks in this quarter. Noteworthy new positions include:

• Builders FirstSource Inc (NYSE:BLDR), purchasing 1,377,962 shares, making up 0.2% of the portfolio, valued at $267.13 million.
• Dutch Bros Inc (NYSE:BROS), with 7,007,836 shares, representing 0.17% of the portfolio, valued at $224.46 million.
• Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), acquiring 8,734,579 shares, accounting for 0.13% of the portfolio, valued at $179.15 million.

Key Position Increases

Significant enhancements were made to existing holdings, including:

• Microsoft Corp (NASDAQ:MSFT), with an additional 2,222,483 shares, bringing the total to 7,048,244 shares. This adjustment increased the share count by 46.05%, impacting the portfolio by 0.72%, with a total value of $3.03 billion.
• Shopify Inc (NYSE:SHOP), with an additional 8,131,160 shares, bringing the total to 63,366,308 shares. This adjustment increased the share count by 14.72%, with a total value of $5.08 billion.

Summary of Sold Out Positions

Baillie Gifford (Trades, Portfolio) exited 22 positions during the quarter, including:

• Adobe Inc (NASDAQ:ADBE), selling all 409,897 shares, impacting the portfolio by -0.18%.
• Pool Corp (NASDAQ:POOL), liquidating all 549,134 shares, impacting the portfolio by -0.13%.

Key Position Reductions

The firm also reduced its stakes in several companies, notably:

• NVIDIA Corp (NASDAQ:NVDA), reducing its position by 18,558,916 shares, a -22.62% decrease, impacting the portfolio by -1.79%. The stock traded at an average price of $118.12 during the quarter and has seen a return of 26.92% over the past three months and 174.97% year-to-date.
• Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), reducing its stake by 3,117,899 shares, a -59.41% decrease, impacting the portfolio by -0.42%. The stock traded at an average price of $170.4 during the quarter and has returned 28.30% over the past three months and 86.19% year-to-date.

Portfolio Overview

As of the third quarter of 2024, Baillie Gifford (Trades, Portfolio)'s portfolio included 277 stocks. The top holdings were 7.2% in MercadoLibre Inc (NASDAQ:MELI), 5.77% in NVIDIA Corp (NASDAQ:NVDA), 5.36% in Amazon.com Inc (NASDAQ:AMZN), 4.29% in Spotify Technology SA (NYSE:SPOT), and 3.8% in Shopify Inc (NYSE:SHOP). The holdings are mainly concentrated across 11 industries, reflecting a diverse and strategic allocation.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.