Baillie Gifford
Baillie Gifford US Equity Growth
US Mega-cap Growth
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 3 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
For most clients, we initiated a small position in SpaceX this quarter at IPO, funded mainly by reducing Tesla to manage aggregate exposure to Elon Musk-led companies.
We have continued to broaden the portfolio's enduring growth exposure with new purchases in IDEXX and Mastercard.
We have continued to broaden the portfolio's enduring growth exposure with new purchases in IDEXX and Mastercard.
For most clients, we initiated a small position in SpaceX this quarter at IPO, funded mainly by reducing Tesla to manage aggregate exposure to Elon Musk-led companies.
Also held
Its investment theses
- BroadcomJun 2026Broadcom has become a critical custom AI silicon provider with deep hyperscaler relationships and a management team that has positioned the company to benefit from the AI buildout.
- SpaceXJun 2026SpaceX has built a vertically integrated space platform whose innovation pace and launch leadership create an extraordinary competitive position and moat.
- MastercardJun 2026Mastercard benefits from the secular shift away from cash and from a trusted, ubiquitous, capital-light network with high margins and strong returns.