How much did Baillie Gifford's AUM change from Q3 to Q4 2025?

The AUM moved from $135.00B in 2025Q3 to $120.34B in 2025Q4, corresponding to a -10.9% quarter in the history series.

What were Baillie Gifford's largest holdings in Q4 2025?

The largest disclosed holdings were NVDA ($8.18B), MELI ($7.01B), AMZN ($6.78B), SHOP ($5.02B), and SE ($4.94B).

How concentrated was Baillie Gifford's portfolio in Q4 2025?

Top-1 concentration was 6.8%, top-5 was 26.5%, and top-10 was 43.4%.

Does a 'NEW position' label here prove a fresh buy?

Not necessarily. In large-filer extracts, 'NEW position' can be an artifact and should be cross-checked with quarter-to-quarter change data.

Research

Baillie Gifford's $120.34B Q4 Reset: Growth Conviction Stayed, AUM Fell 10.9%

Q: What was Baillie Gifford's 13F AUM in Q4 2025?

Baillie Gifford reported $120.34B in canonical 13F assets in 2025Q4.

Baillie Gifford closed Q4 2025 at $120.34B after a -10.9% QoQ AUM move, while top holdings remained concentrated in global growth names like NVDA, MELI, and AMZN.

By Alex Rivera, Breaking News Editor

PublishedMarch 22, 2026UpdatedJuly 9, 2026

Baillie Gifford’s 2025Q4 filing is a clean tension setup: AUM dropped to $120.34B from $135.00B in 2025Q3 (a -10.9% quarter), but the fund’s growth-heavy conviction set stayed intact near the top of the book.

TL;DR

Canonical AUM: $120.34B in Q4 2025.
QoQ move: Down from $135.00B in Q3 2025 to $120.34B in Q4 2025.
Concentration: Top-1 6.8%, top-5 26.5%, top-10 43.4%.
Largest lines: NVDA ($8.18B), MELI ($7.01B), AMZN ($6.78B), SHOP ($5.02B), SE ($4.94B).
Book size: 266 positions and WhaleScore 73.00.
Read-through: This looks like a valuation drawdown quarter, not an identity change in portfolio style.

Filing Snapshot

Manager: Baillie Gifford & Co
Quarter: 2025Q4
Canonical AUM: $120.34B
Positions: 266
WhaleScore: 73.00

Conviction stayed in global growth leaders

The top block still centers on NVIDIA (NVDA) at $8.18B, MercadoLibre (MELI) at $7.01B, and Amazon (AMZN) at $6.78B, followed by Shopify (SHOP) at $5.02B and Sea Ltd. (SE) at $4.94B.

As in other large-filer extracts, “NEW position” labels in raw outputs should not be interpreted as verified fresh purchases without dedicated quarter-over-quarter position change reconciliation.

The signal in the history line

Baillie Gifford climbed from $114.59B in ’25 Q1 to $133.89B in ’25 Q2 and $135.00B in ’25 Q3, then pulled back to $120.34B in ’25 Q4. This is a classic high-beta growth pattern: strong rebounds, then sharp giveback windows.

What institutional followers should watch next

If Q1 2026 shows stabilization in the AUM curve while the top-5 remains similar, the Q4 drawdown will likely look cyclical rather than strategic. If both AUM and top exposures compress further, that would indicate a real de-risking phase.

Q&A

What was Baillie Gifford’s 13F AUM in Q4 2025?

The filing shows a canonical AUM of $120.34B.

How big was the quarter-over-quarter AUM decline?

The AUM moved from $135.00B in 2025Q3 to $120.34B in 2025Q4, a reported -10.9% QoQ move in the history series.

Which holdings led the portfolio?

Top disclosed positions included NVDA, MELI, AMZN, SHOP, and SE.

Is Baillie Gifford still concentrated?

Yes. Top-10 concentration is 43.4%, reflecting a conviction-heavy top book versus diversified mega-filer peers.

Should I trust “NEW position” tags in this output as buy signals?

No. For large managers these tags can be extraction artifacts and should be validated with explicit filing-to-filing position change analysis.

Alex RiveraBreaking News Editor

Breaking News Editor at 13F Insight. First to report on major SEC filings, institutional moves, and regulatory developments.