Baillie Gifford & Co.

Name: BAILLIE GIFFORD & CO 13F holdings, Q4 2024
Creator: BAILLIE GIFFORD & CO
Published: 2025-01-31

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), Baillie Gifford & Co. reported 270 stock positions worth $130.1 billion. Its top holding was Amazon.com (AMZN) at 6.1% of the portfolio, followed by MercadoLibre (MELI, 5.6%) and Nvidia (NVDA, 5.5%). Compared with Q3 2024, it opened 8 new positions, sold out of 14, added to 72 and reduced 181. The biggest buy was AppLovin Class A (APP, shares +5421%) and the biggest sale MercadoLibre (MELI, shares −8%).

Most Recent 13F: Q2 2026
Location: EDINBURGH, X0
CIK: 0001088875
Portfolio Value: $130.1B (Q4 2024)
SEC Filing: 0001088875-25-000002 ↗ filed Jan 31, 2025

Holdings Value

Holdings 270 stocks · $130.1B


AMZN Amazon.com Inc.	6.08%	36,052,157	$7.9B	Reduce -6.3%
MELI MercadoLibre Inc.	5.61%	4,296,426	$7.3B	Reduce -8.4%
NVDA Nvidia Corp.	5.46%	52,892,836	$7.1B	Reduce -16.7%
SHOP Shopify Inc. Class A	4.88%	59,776,512	$6.4B	Reduce -5.7%
SPOT Spotify Technology SA	4.52%	13,157,694	$5.9B	Reduce -15.5%
SE Sea Ltd.-ADR	3.34%	40,954,549	$4.3B	Add +3.5%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	3.18%	35,178,933	$4.1B	Reduce -9.1%
NFLX Netflix Inc.	3.07%	4,475,742	$4.0B	Reduce -4.9%
PDD PDD Holdings Inc.	2.84%	38,059,343	$3.7B	Add +5.4%
CPNG Coupang Inc.	2.72%	161,036,432	$3.5B	Reduce -5.9%
META Meta Platforms Inc. Class A	2.65%	5,882,385	$3.4B	Reduce -4.4%
NET Cloudflare Inc. Class A	2.64%	31,884,160	$3.4B	Reduce -1.9%
MSFT Microsoft Corp.	2.39%	7,371,795	$3.1B	Add +4.6%
TSLA Tesla Inc.	2.30%	7,422,673	$3.0B	Reduce -41.4%
RACE Ferrari NV	1.81%	5,523,914	$2.4B	Reduce -5.9%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	1.79%	224,979,342	$2.3B	Add +7.1%
DASH DoorDash Inc. Class A	1.70%	13,201,359	$2.2B	Reduce -6.7%
TEAM Atlassian Corp. Class A	1.52%	8,121,059	$2.0B	Reduce -4.6%
ISRG Intuitive Surgical Inc.	1.52%	3,783,082	$2.0B	Reduce -1.7%
WDAY Workday Inc. Class A	1.26%	6,333,137	$1.6B	Reduce -3.7%
RBLX Roblox Corp. Class A	1.25%	28,031,724	$1.6B	Reduce -2.6%
MRNA Moderna Inc.	1.24%	38,889,571	$1.6B	Reduce -8.4%
DDOG Datadog Inc. Class A	1.20%	10,905,133	$1.6B	Add +15.8%
IOT Samsara Inc. Class A	1.11%	32,929,387	$1.4B	Reduce -2.7%
APP AppLovin Corp. Class A	1.02%	4,084,496	$1.3B	Add +5421.4%
WIX Wix.com Ltd.	0.93%	5,613,289	$1.2B	Reduce -13.1%
DXCM Dexcom Inc.	0.87%	14,612,792	$1.1B	Reduce -2.7%
ELF Elf Beauty Inc.	0.77%	8,009,434	$1.0B	Add +51.0%
MLM Martin Marietta Materials	0.76%	1,911,320	$987.2M	Reduce -9.8%
ALNY Alnylam Pharmaceuticals Inc.	0.73%	4,040,259	$950.7M	Reduce -17.3%
XYZ Block Inc.	0.73%	11,167,806	$949.2M	Add +9.1%
RYAAY Ryanair Holdings PLC-SP ADR	0.73%	21,752,082	$948.2M	Reduce -7.6%
MA Mastercard Inc. Class A	0.73%	1,797,938	$946.7M	Reduce -12.8%
BNTX Biontech SE-ADR	0.72%	8,220,581	$936.7M	Reduce -1.1%
ELV Elevance Health Inc.	0.71%	2,487,384	$917.6M	Reduce -10.2%
DUOL Duolingo	0.68%	2,740,102	$888.4M	Reduce -14.4%
SCI Service Corp. International	0.68%	11,021,241	$879.7M	Reduce -12.0%
ESTC Elastic NV	0.68%	8,873,903	$879.2M	Reduce -5.7%
AMD Advanced Micro Devices	0.59%	6,350,514	$767.1M	Reduce -9.3%
PBR Petroleo Brasileiro-Spon ADR	0.55%	55,425,918	$712.8M	Reduce -10.7%
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD	0.52%	3,671,195	$678.1M	Reduce -0.9%
RIVN Rivian Automotive Inc. Class A	0.51%	49,603,446	$659.7M	Reduce -1.5%
ADI Analog Devices Inc.	0.50%	3,041,266	$646.1M	Reduce -10.0%
GOOG Alphabet Inc. Class C	0.49%	3,317,884	$631.9M	Reduce -13.0%
PODD Insulet Corp.	0.47%	2,355,683	$615.0M	Add +3.5%
ENPH Enphase Energy Inc.	0.44%	8,371,790	$575.0M	Add +32.0%
AFRM Affirm Holdings Inc.	0.44%	9,378,974	$571.2M	Reduce -5.6%
CSGP Costar Group Inc.	0.44%	7,911,598	$566.4M	Reduce -10.1%
CHWY Chewy Inc. Class A	0.43%	16,563,930	$554.7M	Reduce -10.8%
AZO AutoZone Inc.	0.40%	163,089	$522.2M	Add +35.5%
WSO Watsco Inc.	0.40%	1,098,081	$520.4M	Reduce -11.0%
AUR Aurora Innovation Inc.	0.39%	81,004,628	$510.3M	Reduce -4.6%
CBRE CBRE Group Inc. Class A	0.39%	3,878,912	$509.3M	Reduce -12.7%
TXN Texas Instruments Inc.	0.37%	2,576,225	$483.1M	Reduce -10.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.36%	1,628,965	$462.4M	Reduce -31.6%
JOBY Joby Aviation Inc.	0.34%	55,032,165	$447.4M	Add +4.3%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC	0.33%	4,491,504	$425.4M	Reduce -3.4%
SPGI S&P Global Inc.	0.33%	853,110	$424.9M	Reduce -12.3%
SNOW Snowflake Inc.	0.32%	2,705,776	$417.8M	Reduce -5.4%
MMYT Makemytrip Ltd.	0.32%	3,683,542	$413.6M	Reduce -6.7%
ILMN Illumina Inc.	0.31%	3,018,193	$403.3M	Reduce -16.7%
MKL Markel Group Inc.	0.30%	227,220	$392.2M	Reduce -12.3%
TSM Taiwan Semiconductor-SP ADR	0.30%	1,945,432	$384.2M	Reduce -8.7%
UNH Unitedhealth Group Inc.	0.29%	758,423	$383.7M	Reduce -12.5%
MCO Moody's Corp.	0.29%	808,968	$382.9M	Reduce -60.6%
FMX Fomento Economico Mex-SP ADR	0.28%	4,325,489	$369.8M	Add +0.4%
SG Sweetgreen Inc. Class A	0.28%	11,320,949	$362.9M	Reduce -5.3%
RPRX Royalty Pharma PLC Class A	0.28%	14,134,516	$360.6M	Reduce -12.3%
SYM Symbotic Inc.	0.25%	13,904,789	$329.7M	Reduce -1.2%
AVAV Aerovironment Inc.	0.25%	2,135,280	$328.6M	Add +9.4%
BROS Dutch Bros Inc. Class A	0.25%	6,137,101	$321.5M	Reduce -12.4%
WMS Advanced Drainage Systems Inc.	0.24%	2,669,125	$308.6M	Reduce -12.2%
BAP Credicorp Ltd.	0.23%	1,622,326	$297.4M	Reduce -3.1%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC	0.23%	7,712,460	$297.0M	Reduce -9.8%
MBLY Mobileye Global Inc. Class A	0.22%	14,489,554	$288.6M	Reduce -7.3%
TMO Thermo Fisher Scientific Inc.	0.22%	538,857	$280.3M	Reduce -10.7%
W Wayfair Inc. Class A	0.21%	6,179,761	$273.9M	Add +13.6%
ADSK Autodesk Inc.	0.21%	923,701	$273.0M	Reduce -16.1%
CPA Copa Holdings SA Class A	0.21%	3,062,247	$269.1M	Reduce -14.4%
ETN Eaton Corp. PLC	0.20%	797,982	$264.8M	Reduce -36.6%
DOCS Doximity Inc. Class A	0.20%	4,943,742	$263.9M	Reduce -7.8%
PINS Pinterest Inc. Class A	0.20%	8,917,829	$258.6M	Reduce -8.2%
FIX Comfort Systems USA Inc.	0.20%	605,359	$256.7M	Reduce -39.9%
DNLI Denali Therapeutics Inc.	0.19%	12,313,931	$251.0M	Reduce -7.7%
ODD Oddity Tech Ltd. Class A	0.19%	5,969,581	$250.8M	Reduce -3.1%
DKNG Draftkings Inc. Class A	0.19%	6,633,458	$246.8M	New
TME Tencent Music Entertainm-ADR	0.18%	20,959,579	$237.9M	Reduce -2.6%
BLDR Builders Firstsource Inc.	0.18%	1,663,420	$237.8M	Add +20.7%
SN Sharkninja Inc.	0.18%	2,430,185	$236.6M	Add +33.1%
INSP Inspire Medical Systems Inc.	0.18%	1,256,005	$232.8M	Reduce -8.1%
HDB HDFC Bank Ltd.-ADR	0.18%	3,615,750	$230.9M	Reduce -56.7%
ENTG Entegris Inc.	0.17%	2,265,532	$224.4M	Reduce -12.9%
ECL Ecolab Inc.	0.17%	950,398	$222.7M	Reduce -6.6%
GRAB Grab Holdings Ltd. Class A	0.17%	47,021,709	$221.9M	Add +10.0%
SITE Siteone Landscape Supply Inc.	0.17%	1,640,028	$216.1M	Reduce -13.0%
DE Deere & Co.	0.17%	509,063	$215.7M	Reduce -6.1%
RELY Remitly Global Inc.	0.16%	9,385,334	$211.8M	Add +1.6%
BN Brookfield Corp.	0.16%	3,675,524	$211.2M	Add +809.5%
NCLH Norwegian Cruise Line Holdin	0.16%	7,999,828	$205.8M	Reduce -8.4%
AAPL Apple Inc.	0.16%	820,871	$205.6M	Add +10.1%
ROKU Roku Inc.	0.15%	2,636,614	$196.0M	Reduce -9.0%
XYL Xylem Inc.	0.15%	1,638,523	$190.1M	Reduce -17.6%
FAST Fastenal Co.	0.14%	2,578,451	$185.4M	Reduce -4.6%
ALB Albemarle Corp.	0.14%	2,134,166	$183.7M	Reduce -11.3%
FND Floor & Decor Holdings Inc. Class A	0.14%	1,839,545	$183.4M	Reduce -12.6%
IBN Icici Bank Ltd.-Spon ADR	0.14%	6,088,773	$181.8M	Reduce -4.2%
LINE Lineage Inc.	0.14%	3,098,580	$181.5M	Add +80.8%
CX Cemex Sab-Spons ADR Part Cer	0.14%	31,697,814	$178.8M	Reduce -3.6%
PEN Penumbra Inc.	0.13%	730,233	$173.4M	Add +23.4%
RXRX Recursion Pharmaceuticals-A	0.13%	24,864,058	$168.1M	Reduce -1.5%
GH Guardant Health Inc.	0.13%	5,449,100	$166.5M	Reduce -7.2%
YMM Full Truck Alliance -SPN ADR	0.13%	15,043,697	$162.8M	Reduce -2.4%
PG The Procter & Gamble Co.	0.12%	943,875	$158.2M	Add +4.4%
GOOGL Alphabet Inc. Class A	0.12%	832,818	$157.7M	Add +1.7%
TFII Tfi International Inc.	0.11%	1,100,441	$148.6M	New
BC Brunswick Corp.	0.10%	2,051,194	$132.7M	Reduce -13.3%
NYT New York Times Co. Class A	0.10%	2,536,795	$132.0M	Add +228.3%
ENSG The Ensign Group Inc.	0.10%	984,609	$130.8M	Reduce -6.7%
LMND Lemonade Inc.	0.10%	3,383,887	$124.1M	Reduce -9.2%
FN Fabrinet	0.09%	553,038	$121.6M	Add +10.7%
NEOG Neogen Corp.	0.09%	9,749,003	$118.4M	Reduce -13.2%
PEP Pepsico Inc.	0.08%	709,186	$107.8M	Add +0.1%
SPT Sprout Social Inc. Class A	0.08%	3,494,823	$107.3M	Reduce -6.4%
AXON Axon Enterprise Inc.	0.08%	170,750	$101.5M	Reduce -20.9%
CME Cme Group Inc.	0.07%	396,944	$92.2M	Add +9.9%
CP Canadian Pacific Kansas City	0.07%	1,206,416	$87.3M	Reduce -5.3%
PBR.A Petroleo Brasil-SP Pref ADR	0.06%	6,964,302	$82.5M	Reduce -2.5%
COUR Coursera Inc.	0.06%	8,876,535	$75.5M	Reduce -57.9%
UPS United Parcel Service Class B	0.06%	593,605	$74.9M	Reduce -9.5%
BCH Banco DE Chile-ADR	0.06%	3,236,373	$73.4M	Add +23.6%
MNDY Monday.com Ltd.	0.06%	311,690	$73.4M	Reduce -3.1%
Z Zillow Group Inc. Class C	0.06%	987,643	$73.1M	Reduce -20.9%
MKTX Marketaxess Holdings Inc.	0.05%	303,200	$68.5M	Reduce -4.8%
SBUX Starbucks Corp.	0.05%	737,967	$67.3M	Reduce -0.8%
CSCO Cisco Systems Inc.	0.05%	1,088,862	$64.5M	Reduce -0.1%
INFY Infosys Ltd.-SP ADR	0.05%	2,907,660	$63.7M	Reduce -5.9%
INTU Intuit Inc.	0.05%	98,283	$61.8M	Add +0.8%
VRTX Vertex Pharmaceuticals Inc.	0.05%	149,838	$60.3M	Add +6.6%
BBD Banco Bradesco-ADR	0.05%	30,741,854	$58.7M	Reduce -4.0%
EXAS Exact Sciences Corp.	0.04%	1,012,727	$56.9M	Reduce -16.3%
HD Home Depot Inc.	0.04%	138,216	$53.8M	Add +19.6%
KO The Coca-Cola Co.	0.04%	852,417	$53.1M	Add +0.4%
EW Edwards Lifesciences Corp.	0.04%	706,796	$52.3M	Add +238.7%
WRBY Warby Parker Inc. Class A	0.04%	2,146,690	$52.0M	Reduce -2.2%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE	0.04%	1,362,356	$49.5M	New
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.04%	431,485	$48.8M	Add +11.2%
ITUB Itau Unibanco H-Spon PRF ADR	0.04%	9,280,586	$46.0M	Reduce -2.9%
UPWK Upwork Inc.	0.04%	2,799,071	$45.8M	Reduce -15.0%
CGNX Cognex Corp.	0.03%	1,267,739	$45.5M	Reduce -1.9%
RAMP Liveramp Holdings Inc.	0.03%	1,416,642	$43.0M	Add +4.3%
MCD McDonald's Corp.	0.03%	147,954	$42.9M	Add +7.1%
MDT Medtronic PLC	0.03%	517,380	$41.3M	Reduce -2.8%
CYBR Cyberark Software Ltd./Israel	0.03%	123,275	$41.1M	Add +21.6%
AMSC American Superconductor Corp.	0.03%	1,649,790	$40.6M	Reduce -21.7%
SVV Savers Value Village Inc.	0.03%	3,689,478	$37.8M	Add +570.0%
TWST Twist Bioscience Corp.	0.03%	777,537	$36.1M	Reduce -6.8%
APPN Appian Corp. Class A	0.03%	1,095,052	$36.1M	Reduce -21.0%
ABCL Abcellera Biologics Inc.	0.03%	12,236,465	$35.9M	Reduce -5.1%
FROG Jfrog Ltd.	0.03%	1,194,717	$35.1M	Reduce -4.0%
LU Lufax Holding Ltd.-ADR	0.03%	14,667,069	$35.1M	Add +0.3%
NVCR Novocure Ltd.	0.03%	1,161,310	$34.6M	Reduce -30.0%
TRUP Trupanion Inc.	0.03%	701,366	$33.8M	Add +26.6%
AEHR Aehr Test Systems	0.03%	2,023,559	$33.7M	Add +12.0%
JMIA Jumia Technologies AG-ADR	0.03%	8,777,057	$33.5M	Reduce -3.2%
DNA Ginkgo Bioworks Holdings Inc.	0.03%	3,357,386	$33.0M	Reduce -0.0%
HSY The Hershey Co.	0.02%	183,716	$31.1M	Add +27.8%
XMTR Xometry Inc. Class A	0.02%	710,196	$30.3M	New
DLO Dlocal Ltd.	0.02%	2,613,514	$29.4M	Add +108.5%
WAB Wabtec Corp.	0.02%	152,782	$29.0M	Reduce -5.9%
STAA Staar Surgical Co.	0.02%	1,153,886	$28.0M	Reduce -21.0%
IPGP Ipg Photonics Corp.	0.02%	375,546	$27.3M	Add +34.0%
TNDM Tandem Diabetes Care Inc.	0.02%	746,109	$26.9M	Add +235.7%
BKNG Booking Holdings Inc.	0.02%	5,375	$26.7M	Reduce -1.1%
ES Eversource Energy	0.02%	454,384	$26.1M	Reduce -15.3%
PAYX Paychex Inc.	0.02%	181,359	$25.4M	New
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC	0.02%	1,317,362	$24.3M	Reduce -8.6%
AMBA Ambarella Inc.	0.02%	329,200	$23.9M	Add +0.2%
MRSH Marsh & McLennan Cos	0.02%	108,919	$23.1M	Add +27.2%
MP MP Materials Corp.	0.02%	1,482,473	$23.1M	Reduce -46.3%
PGNY Progyny Inc.	0.02%	1,332,690	$23.0M	Add +52.2%
SKYT Skywater Technology Inc.	0.02%	1,665,284	$23.0M	Add +65.4%
VECO Veeco Instruments Inc.	0.02%	778,280	$20.9M	Add +23.3%
SDGR Schrodinger Inc.	0.02%	1,054,403	$20.3M	Reduce -46.8%
BUR Burford Capital Ltd.	0.01%	1,487,490	$19.3M	Reduce -0.4%
DMRC Digimarc Corp.	0.01%	492,530	$18.4M	Reduce -15.1%
BEPC Brookfield Renewable Corp.	0.01%	663,077	$18.3M	Add +58.5%
BL Blackline Inc.	0.01%	297,953	$18.1M	Reduce -25.3%
MSA Msa Safety Inc.	0.01%	108,897	$18.1M	Reduce -6.3%
TMDX Transmedics Group Inc.	0.01%	269,836	$16.8M	Add +14.9%
SANA Sana Biotechnology Inc.	0.01%	10,233,573	$16.7M	Reduce -0.4%
ERII Energy Recovery Inc.	0.01%	1,119,841	$16.5M	Add +27.8%
PGR Progressive Corp.	0.01%	67,493	$16.2M	Reduce -13.2%
PAYC Paycom Software Inc.	0.01%	78,503	$16.1M	Reduce -1.2%
MNST Monster Beverage Corp.	0.01%	303,618	$16.0M	Add +6.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.01%	122,465	$14.8M	Reduce -1.5%
PYPL PayPal Holdings Inc.	0.01%	166,823	$14.2M	Reduce -1.1%
AMT American Tower Corp.	0.01%	76,215	$14.0M	Reduce -35.6%
CRL Charles River Laboratories	0.01%	75,411	$13.9M	Add +9.9%
CSL Carlisle Cos Inc.	0.01%	37,472	$13.8M	Reduce -4.6%
RXST Rxsight Inc.	0.01%	398,907	$13.7M	Reduce -4.8%
KMX Carmax Inc.	0.01%	167,309	$13.7M	Reduce -1.2%
NKE Nike Inc. Class B	0.01%	180,351	$13.6M	Reduce -1.4%
BXSL Blackstone Secured Lending F	0.01%	408,125	$13.2M	Add +73.9%
ARCC Ares Capital Corp.	0.01%	589,640	$12.9M	Add +72.2%
CRWD CrowdStrike Holdings Inc. Class A	0.01%	37,104	$12.7M	Reduce -0.9%
CFLT Confluent Inc. Class A	0.01%	451,114	$12.6M	Reduce -0.1%
EOG EOG Resources Inc.	0.01%	93,853	$11.5M	Add +103.6%
GGG Graco Inc.	0.01%	134,945	$11.4M	Reduce -0.8%
OSCR Oscar Health Inc. Class A	0.01%	822,088	$11.0M	No change
DCBO Docebo Inc.	0.01%	236,724	$10.6M	Reduce -7.3%
ABNB Airbnb Inc. Class A	0.01%	76,904	$10.1M	New
FTS Fortis Inc.	0.01%	242,583	$10.1M	Reduce -13.0%
QS Quantumscape Corp.	0.01%	1,897,654	$9.8M	Reduce -18.8%
IBP Installed Building Products	0.01%	47,822	$8.4M	Reduce -1.2%
CDXS Codexis Inc.	0.01%	1,694,025	$8.1M	Reduce -6.6%
BEAM Beam Therapeutics Inc.	0.01%	308,236	$7.6M	Reduce -13.8%
FRPT Freshpet Inc.	0.01%	48,919	$7.2M	Reduce -4.7%
MDB Mongodb Inc.	0.01%	29,617	$6.9M	Reduce -1.7%
QTRX Quanterix Corp.	0.01%	629,797	$6.7M	Reduce -0.5%
PLD Prologis Inc.	0.01%	63,001	$6.7M	Reduce -67.9%
TSLX Sixth Street Specialty Lendi	0.01%	306,429	$6.5M	Add +72.5%
ZG Zillow Group Inc. Class A	0.01%	92,025	$6.5M	Add +0.6%
ADAPY Adaptimmune Therapeutics-ADR	0.00%	11,819,095	$6.4M	Reduce -29.6%
GBDC Golub Capital BDC Inc.	0.00%	418,858	$6.3M	Add +66.5%
FCN Fti Consulting Inc.	0.00%	30,493	$5.8M	Reduce -3.0%
WEC WEC Energy Group Inc.	0.00%	59,698	$5.6M	Reduce -57.5%
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.00%	41,182	$5.1M	Reduce -43.7%
MEDP Medpace Holdings Inc.	0.00%	14,486	$4.8M	Reduce -2.6%
EVER Everquote Inc. Class A	0.00%	238,192	$4.8M	Reduce -9.8%
EXC Exelon Corp.	0.00%	86,030	$3.2M	Reduce -7.0%
CNP Centerpoint Energy Inc.	0.00%	70,923	$2.3M	Reduce -10.0%
SO The Southern Co.	0.00%	24,639	$2.0M	Add +10.8%
ED Consolidated Edison Inc.	0.00%	19,093	$1.7M	Add +64.2%
NEE Nextera Energy Inc.	0.00%	21,348	$1.5M	Reduce -93.3%
NYAX Nayax Ltd.	0.00%	51,247	$1.5M	Add +2.3%
EIX Edison International	0.00%	18,900	$1.5M	New
SEDG Solaredge Technologies Inc.	0.00%	106,977	$1.5M	Reduce -93.8%
PM Philip Morris International	0.00%	11,922	$1.4M	Reduce -12.4%
BOLT PROJS HLDGS INC	0.00%	2,465,807	$1.2M	No change
DLR Digital Realty Trust Inc.	0.00%	6,634	$1.2M	Reduce -3.6%
GOOS Canada Goose Holdings Inc.	0.00%	115,141	$1.2M	Add +0.1%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.00%	14,831	$1.1M	Reduce -24.8%
CARG Cargurus Inc.	0.00%	21,315	$779K	Reduce -10.0%
DOC Healthpeak Properties Inc.	0.00%	38,027	$771K	Reduce -7.1%
NOVT Novanta Inc.	0.00%	5,006	$765K	Reduce -10.0%
VRNS Varonis Systems Inc.	0.00%	16,715	$743K	Reduce -10.3%
MTLS Materialise NV-ADR	0.00%	83,119	$585K	No change
CLLS Cellectis - ADR	0.00%	290,429	$523K	Reduce -58.1%
XNCR Xencor Inc.	0.00%	20,898	$480K	Reduce -9.9%
CALX Calix Inc.	0.00%	13,308	$464K	Reduce -9.9%
BAND Bandwidth Inc. Class A	0.00%	27,017	$460K	Reduce -9.9%
REXR Rexford Industrial Realty Inc.	0.00%	9,245	$357K	Reduce -96.2%
HR Healthcare Realty Trust Inc.	0.00%	19,628	$333K	Reduce -48.9%
EXFY Expensify Inc. Class A	0.00%	74,307	$249K	Reduce -92.0%
CDLX Cardlytics Inc.	0.00%	50,413	$187K	Reduce -91.1%
SPIR Spire Global Inc.	0.00%	13,259	$187K	No change
STRO Sutro Biopharma Inc. Com SHS	0.00%	48,791	$90K	Reduce -96.8%
NCNA Nucana PLC	0.00%	36,704	$44K	No change
TER Teradyne Inc.	0.00%	312	$39K	Add +7.6%
CRH CRH PLC	0.00%	379	$35K	Reduce -3.1%
STN Stantec Inc.	0.00%	389	$31K	Add +29.7%
VEEV Veeva Systems Inc. Class A	0.00%	110	$23K	Reduce -99.3%
UL Unilever PLC	0.00%	398	$23K	Add +28.0%
RIO Rio Tinto PLC-Spon ADR	0.00%	319	$19K	Add +13.1%
BUD Anheuser-Busch Inbev-SPN ADR	0.00%	100	$5K	No change
NVO Novo-Nordisk A/S-Spons ADR	0.00%	53	$5K	No change
TTE Totalenergies SE -Spon ADR	0.00%	58	$3K	New
LI Li Auto Inc. - ADR	0.00%	112	$3K	Add +180.0%
GMAB Genmab A/S -SP ADR	0.00%	54	$1K	No change
SCLX Scilex Holding Co.	0.00%	523	$223	No change

Other holdings (1): bonds, preferreds, convertibles and warrants · $4.9M (not counted above)

Security	Class	Shares / Principal	Value	Change
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	120,000	$4.9M	No change

Total filed on the 13F, all lines: $130.1B.

Portfolio Sells Q3 2024 → Q4 2024


MELI MercadoLibre Inc.	Reduce -8.4%	5.61%	−1.59
MRNA Moderna Inc.	Reduce -8.4%	1.24%	−0.88
MCO Moody's Corp.	Reduce -60.6%	0.29%	−0.43
CPNG Coupang Inc.	Reduce -5.9%	2.72%	−0.42
ELV Elevance Health Inc.	Reduce -10.2%	0.71%	−0.37
NVDA Nvidia Corp.	Reduce -16.7%	5.46%	−0.31
ALNY Alnylam Pharmaceuticals Inc.	Reduce -17.3%	0.73%	−0.28
AMD Advanced Micro Devices	Reduce -9.3%	0.59%	−0.27
RACE Ferrari NV	Reduce -5.9%	1.81%	−0.25
HDB HDFC Bank Ltd.-ADR	Reduce -56.7%	0.18%	−0.21
TSLA Tesla Inc.	Reduce -41.4%	2.30%	−0.18
AJG Arthur J Gallagher & Co.	Reduce -31.6%	0.36%	−0.15
PBR Petroleo Brasileiro-Spon ADR	Reduce -10.7%	0.55%	−0.12
WMS Advanced Drainage Systems Inc.	Reduce -12.2%	0.24%	−0.12
IOT Samsara Inc. Class A	Reduce -2.7%	1.11%	−0.11
MTD Mettler-Toledo International	Sold out	0.00%	−0.11
ETN Eaton Corp. PLC	Reduce -36.6%	0.20%	−0.11
ONC Beone Medicines Ltd.-ADR	Reduce -0.9%	0.52%	−0.10
DNLI Denali Therapeutics Inc.	Reduce -7.7%	0.19%	−0.10
FIX Comfort Systems USA Inc.	Reduce -39.9%	0.20%	−0.10
MLM Martin Marietta Materials	Reduce -9.8%	0.76%	−0.10
ADI Analog Devices Inc.	Reduce -10.0%	0.50%	−0.09
UNH Unitedhealth Group Inc.	Reduce -12.5%	0.29%	−0.08
TXN Texas Instruments Inc.	Reduce -10.7%	0.37%	−0.07
RYAAY Ryanair Holdings PLC-SP ADR	Reduce -7.6%	0.73%	−0.07
COUR Coursera Inc.	Reduce -57.9%	0.06%	−0.07
RPRX Royalty Pharma PLC Class A	Reduce -12.3%	0.28%	−0.06
SCI Service Corp. International	Reduce -12.0%	0.68%	−0.06
TMO Thermo Fisher Scientific Inc.	Reduce -10.7%	0.22%	−0.06
CSGP Costar Group Inc.	Reduce -10.1%	0.44%	−0.06
XYL Xylem Inc.	Reduce -17.6%	0.15%	−0.06
FND Floor & Decor Holdings Inc. Class A	Reduce -12.6%	0.14%	−0.05
WSO Watsco Inc.	Reduce -11.0%	0.40%	−0.05
NEOG Neogen Corp.	Reduce -13.2%	0.09%	−0.05
SPGI S&P Global Inc.	Reduce -12.3%	0.33%	−0.05
SITE Siteone Landscape Supply Inc.	Reduce -13.0%	0.17%	−0.05
ENTG Entegris Inc.	Reduce -12.9%	0.17%	−0.05
BC Brunswick Corp.	Reduce -13.3%	0.10%	−0.05
CPA Copa Holdings SA Class A	Reduce -14.4%	0.21%	−0.04
ILMN Illumina Inc.	Reduce -16.7%	0.31%	−0.04
KSPI JSC Kaspi.kz ADR	Reduce -3.4%	0.33%	−0.04
SG Sweetgreen Inc. Class A	Reduce -5.3%	0.28%	−0.04
INSP Inspire Medical Systems Inc.	Reduce -8.1%	0.18%	−0.04
PINS Pinterest Inc. Class A	Reduce -8.2%	0.20%	−0.04
MA Mastercard Inc. Class A	Reduce -12.8%	0.73%	−0.03
YETI Yeti Holdings Inc.	Reduce -9.8%	0.23%	−0.03
ALB Albemarle Corp.	Reduce -11.3%	0.14%	−0.03
SEDG Solaredge Technologies Inc.	Reduce -93.8%	0.00%	−0.03
ECL Ecolab Inc.	Reduce -6.6%	0.17%	−0.02
CBRE CBRE Group Inc. Class A	Reduce -12.7%	0.39%	−0.02

Portfolio Buys Q3 2024 → Q4 2024


APP AppLovin Corp. Class A	Add +5421.4%	1.02%	+1.01
SE Sea Ltd.-ADR	Add +3.5%	3.34%	+0.55
DDOG Datadog Inc. Class A	Add +15.8%	1.20%	+0.39
ELF Elf Beauty Inc.	Add +51.0%	0.77%	+0.34
XYZ Block Inc.	Add +9.1%	0.73%	+0.22
DKNG Draftkings Inc. Class A	New	0.19%	+0.19
BN Brookfield Corp.	Add +809.5%	0.16%	+0.15
JOBY Joby Aviation Inc.	Add +4.3%	0.34%	+0.15
MSFT Microsoft Corp.	Add +4.6%	2.39%	+0.12
AZO AutoZone Inc.	Add +35.5%	0.40%	+0.12
TFII Tfi International Inc.	New	0.11%	+0.11
PODD Insulet Corp.	Add +3.5%	0.47%	+0.08
RELY Remitly Global Inc.	Add +1.6%	0.16%	+0.07
NYT New York Times Co. Class A	Add +228.3%	0.10%	+0.07
GRAB Grab Holdings Ltd. Class A	Add +10.0%	0.17%	+0.05
PEN Penumbra Inc.	Add +23.4%	0.13%	+0.05
LINE Lineage Inc.	Add +80.8%	0.14%	+0.04
SQM Quimica Y Minera Chil-SP ADR	New	0.04%	+0.04
SN Sharkninja Inc.	Add +33.1%	0.18%	+0.03
EW Edwards Lifesciences Corp.	Add +238.7%	0.04%	+0.03
AAPL Apple Inc.	Add +10.1%	0.16%	+0.03
SVV Savers Value Village Inc.	Add +570.0%	0.03%	+0.02
XMTR Xometry Inc. Class A	New	0.02%	+0.02
GOOGL Alphabet Inc. Class A	Add +1.7%	0.12%	+0.02
PAYX Paychex Inc.	New	0.02%	+0.02
DLO Dlocal Ltd.	Add +108.5%	0.02%	+0.02
TNDM Tandem Diabetes Care Inc.	Add +235.7%	0.02%	+0.01
CME Cme Group Inc.	Add +9.9%	0.07%	+0.01
SKYT Skywater Technology Inc.	Add +65.4%	0.02%	+0.01
CYBR Cyberark Software Ltd./Israel	Add +21.6%	0.03%	+0.01
TRUP Trupanion Inc.	Add +26.6%	0.03%	+0.01
AEHR Aehr Test Systems	Add +12.0%	0.03%	+0.01
RAMP Liveramp Holdings Inc.	Add +4.3%	0.03%	+0.01
ABNB Airbnb Inc. Class A	New	0.01%	+0.01
BCH Banco DE Chile-ADR	Add +23.6%	0.06%	+0.01
PGNY Progyny Inc.	Add +52.2%	0.02%	+0.01
HD Home Depot Inc.	Add +19.6%	0.04%	+0.01
TROW T Rowe Price Group Inc.	Add +11.2%	0.04%	+0.01
IPGP Ipg Photonics Corp.	Add +34.0%	0.02%	+0.01
BXSL Blackstone Secured Lending F	Add +73.9%	0.01%	+0.01
FN Fabrinet	Add +10.7%	0.09%	+0.01
ARCC Ares Capital Corp.	Add +72.2%	0.01%	+0.00
EOG EOG Resources Inc.	Add +103.6%	0.01%	+0.00
AMBA Ambarella Inc.	Add +0.2%	0.02%	+0.00
PG The Procter & Gamble Co.	Add +4.4%	0.12%	+0.00
BEPC Brookfield Renewable Corp.	Add +58.5%	0.01%	+0.00
MRSH Marsh & McLennan Cos	Add +27.2%	0.02%	+0.00
HSY The Hershey Co.	Add +27.8%	0.02%	+0.00
TSLX Sixth Street Specialty Lendi	Add +72.5%	0.01%	+0.00
INTU Intuit Inc.	Add +0.8%	0.05%	+0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	272	$110.2B	SPCX, NVDA, AMZN, MELI, SE
Q1 2026	270	$97.9B	NVDA, AMZN, MELI, SPOT, NU
Q4 2025	265	$120.3B	NVDA, MELI, AMZN, SHOP, SE
Q3 2025	264	$135.0B	NVDA, MELI, SE, AMZN, SPOT
Q2 2025	263	$133.9B	MELI, NVDA, SPOT, AMZN, SE
Q1 2025	264	$114.6B	MELI, AMZN, SPOT, SHOP, SE
Q4 2024	270	$130.1B	AMZN, MELI, NVDA, SHOP, SPOT
Q3 2024	276	$133.6B	MELI, NVDA, AMZN, SPOT, SHOP
Q2 2024	284	$128.4B	NVDA, MELI, AMZN, MRNA, SPOT
Q1 2024	289	$128.6B	NVDA, MELI, AMZN, SPOT, MRNA