Baillie Gifford
Baillie Gifford Positive Change
Global Mega-cap
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 5 investment theses and positions in 12 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Baillie Gifford for every strategy.
What it bought and sold
during the quarter, we took a position in Edwards Lifesciences .
New holding KLA provides process control equipment and services that help chip manufacturers improve production efficiency and reduce waste, water and energy intensity during semiconductor manufacturing.
we trimmed the position, halving it to a more moderate 3 percent.
This company has been a long-term positive contributor, and we trimmed it three times last year following strong performance.
Also held
Its investment theses
- ArmJun 2026Arm designs low-power processor architectures that should benefit from AI-driven demand and expanding use cases beyond smartphones.
- TSMCJun 2026TSMC operates foundries that enable semiconductor efficiency and performance gains, with strong growth and rising profitability.
- Edwards LifesciencesJun 2026Edwards Lifesciences sells minimally invasive heart therapy devices and is the leading player in a large growing market.
- Schneider ElectricJun 2026Schneider Electric provides energy management products and services that benefit from structural demand growth in electrification and data centres.
- IntuitJun 2026Intuit is a software company added at an attractive valuation and viewed as a long-term sustainable opportunity.