Baillie Gifford
Baillie Gifford Long Term Global Growth
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 11 investment theses and positions in 23 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Baillie Gifford for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Long Term Global Growth Composite (net)
- YTD−14.9%index +17.2%
- 1Y−14.9%index +17.2%
- 5Y · /yr−0.9%index +12.1%
- 10Y · /yr+14.1%index +12.9%
- Inception · /yr+11.6%index +9.4%
Index: MSCI ACWI Index
| YTD | 1Y | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|
| Baillie Gifford Long Term Global Growth | −14.9% | −14.9% | −0.9% | +14.1% | +11.6% |
| MSCI ACWI Index | +17.2% | +17.2% | +12.1% | +12.9% | +9.4% |
Calendar years
- 2025+31.2%index +17.8%
- 2024+39.1%index +32.3%
- 2023+19.9%index +21.4%
- 2022−48.8%index −20.3%
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
And this actually explains one of our new purchases this quarter, Lam Research.
We have decided to sell Atlassian from the portfolio following a decade-long tenure.
New portfolio holding QXO is a technologically advanced consolidator and distributor in the building materials industry.
We have redeployed part of the Atlassian sale proceeds to fund an addition to Adyen.
Meanwhile, we’ve added to our holding in CATL, a critical cornerstone of the global energy storage market.
Also held
Its investment theses
- SpaceXSep 2026SpaceX is mentioned as a beneficiary of the infrastructure build-out and a potential lasting winner.
- Lam ResearchSep 2026Lam Research is bought for its role in 3D chip manufacturing, ahead-of-cycle investing, and margin expansion potential.
- NvidiaJun 2026Nvidia continues to benefit from accelerating earnings, supply-chain control, scarce compute demand, and a large runway for AI adoption.
- ASMLJun 2026ASML benefits from an effective monopoly in EUV lithography, a deeply entrenched supply chain, accelerating earnings, and strong free cash flow growth.
- SpaceXJun 2026SpaceX is viewed as a launch-capability bottleneck winner with a long-term opportunity in large-scale orbital compute infrastructure.
- AmazonJun 2026Amazon is leveraging massive infrastructure and scale to compound growth through AWS, custom silicon, and supply chain services.
- CATLJun 2026CATL is positioned as a critical battery-supply-chain leader with rising market share, improving margins, and a path to energy services scale.
- CloudflareJun 2026Cloudflare has a self-reinforcing moat built on global infrastructure, a large developer ecosystem, and improving AI-era threat intelligence.
- ShopifyJun 2026Shopify combines strong free cash flow growth, expanding margins, and a durable role as commerce infrastructure for agentic commerce.
- NubankJun 2026Nubank is gaining share with highly efficient operations and AI-driven underwriting that improves credit access and risk control.