JINGXUAN JI/iStock via Getty Images This article is part of a series that provides an ongoing analysis of the changes made to Baillie Gifford’s 13F portfolio on a quarterly basis. It is based on their regulatory 13F Form filed on 01/23/2026. Please visit our Tracking Baillie Gifford 13F Portfolio series to get an idea of their investment philosophy and our last update for the fund’s moves during Q...
JINGXUAN JI/iStock via Getty Images This article is part of a series that provides an ongoing analysis of the changes made to Baillie Gifford’s 13F portfolio on a quarterly basis. It is based on their regulatory 13F Form filed on 01/23/2026. Please visit our Tracking Baillie Gifford 13F Portfolio series to get an idea of their investment philosophy and our last update for the fund’s moves during Q3 2025. The 13F securities represent roughly 40% of their overall Assets Under Management. The portfolio is diversified with around 300 13F securities. 45 of those positions are significantly large (more than ~0.5% of the portfolio) and they are the focus of this article. This quarter, Baillie Gifford’s 13F portfolio value decreased from ~$135B to ~$120B. The top three holdings are at ~18% while the top five are close to ~27% of the 13F assets: NVIDIA, MercadoLibre, Amazon, Spotify, and Sea Limited. Note: Although the following positions are really small compared to the overall size of the portfolio, it is significant that they have sizable ownership stakes: American Superconductor ( AMSC ), Appian Corporation ( APPN ), Aurora Innovation ( AUR ), Copa Holdings ( COPA ), Coursera ( COUR ), Denali Therapeutics (DNLA), Dutch Bros ( BROS ), Gingko Bioworks ( DNA ), Lemonade ( LMND ), MakeMyTrip ( MMYT ), Mobileye ( MBLY ), Oddity Tech ( ODD ), Recursion Pharma ( RXRX ), Remitly Global ( RELY ), Sana Biotech ( SANA ), Sweetgreen ( SG ), Tencent Music Entertainment ( TME ), Upwork ( UPWK ), and Wayfair Inc. ( W ). Stake Increases: MercadoLibre Inc. ( MELI ) : MELI position goes back to 2010 when a 2.25M share stake was built at prices between ~$35 and ~$73. The position size peaked at 6.56M shares in 2014. The stake increase happened at prices between ~$60 and ~$140. The two years through Q2 2023 saw a ~39% increase at prices between ~$635 and ~$1946. There was a ~11% selling during Q4 2023. Q1 2025 also saw a similar reduction at prices between ~$1740 and ~$2260. It is their sec...
Key Points IWO carries a higher expense ratio but offers broader small-cap growth exposure than MGK. IWO has experienced a deeper five-year drawdown with a higher beta. MGK focuses on mega-cap tech while IWO tilts toward healthcare, technology, and industrials. These 10 stocks could mint the next wave of millionaires › The Vanguard Mega Cap Growth ETF (NYSEMKT:MGK) and the iShares Russell 2000 Gro...
Key Points IWO carries a higher expense ratio but offers broader small-cap growth exposure than MGK. IWO has experienced a deeper five-year drawdown with a higher beta. MGK focuses on mega-cap tech while IWO tilts toward healthcare, technology, and industrials. These 10 stocks could mint the next wave of millionaires › The Vanguard Mega Cap Growth ETF (NYSEMKT:MGK) and the iShares Russell 2000 Growth ETF (NYSEMKT:IWO) both track U.S. growth stocks, but their approaches diverge: MGK concentrates on the nation’s largest, fastest-growing companies, while IWO targets growth names from the small-cap end of the market. This comparison breaks down the two funds across cost, performance, risk, and portfolio construction to help investors decide which may best fit their strategy. Snapshot (cost & size) Metric MGK IWO Issuer Vanguard iShares Expense ratio 0.07% 0.24% 1-yr return (as of Jan. 25, 2026) 15.25% 15.35% Dividend yield 0.35% 0.56% Beta (5Y monthly) 1.20 1.45 AUM $32 billion $13 billion IWO charges a noticeably higher expense ratio than MGK, though IWO’s yield edges slightly higher for those seeking a bit more income from a growth ETF. Performance & risk comparison Metric MGK IWO Max drawdown (5 y) -36.02% -42.02% Growth of $1,000 over 5 years $1,954 $1,097 What's inside IWO delivers exposure to over 1,000 small-cap U.S. growth stocks, with a sector tilt toward healthcare (making up 26% of assets), technology (23%), and industrials (20%). Its largest positions include Bloom Energy, Credo Technology Group, and Kratos Defense & Security Solutions, and each represents less than 2% of the portfolio. Launched over 25 years ago, IWO may appeal to investors looking for long-term access to innovative smaller companies. MGK, by contrast, is built around mega-cap growth. It contains only 60 stocks, with technology making up 55% of the fund. Its top holdings — Nvidia, Apple, and Microsoft — dominate the portfolio, resulting in a more concentrated bet on the largest and most est...
Sundance film festival: a new documentary explores the author’s physical and spiritual healing from the 2022 knife attack that almost killed him On 12 August 2022, as Salman Rushdie was about to launch into a lecture on the importance of protecting writers from harm at New York’s Chautauqua Institution, a man in a black mask rushed the stage with a knife. To the horror of the packed amphitheater, ...
Sundance film festival: a new documentary explores the author’s physical and spiritual healing from the 2022 knife attack that almost killed him On 12 August 2022, as Salman Rushdie was about to launch into a lecture on the importance of protecting writers from harm at New York’s Chautauqua Institution, a man in a black mask rushed the stage with a knife. To the horror of the packed amphitheater, the man stabbed the Indian-born British-American author – once the subject of an infamous fatwa from the leader of Iran in the 1980s – 15 times in the face, neck and torso, before members of the audience rushed the stage and disarmed him. Rushdie survived, narrowly; the stabbing left him on a ventilator, severed tendons in his left hand, and cost him his right eye. A full recreation of that attack from Rushdie’s perspective — 27 seconds of struggle, the mysterious man’s face, several sickening punches of blade — opens a new documentary on Rushdie’s recovery and resilience, which drew a standing ovation at the Sundance film festival. Knife: The Attempted Murder of Salman Rushdie, directed by Alex Gibney and based on Rushdie’s memoir of the same name , is unsparing on the devastating results of the stabbing: in never-before-seen footage recorded by the author’s wife, Rachel Eliza Griffiths , Rushdie appears gruesomely disfigured — his skin discolored, his entire abdomen bisected by stitches, his swollen neck held together by stitches, his eye indescribably mangled. His first coherent thought after regaining consciousness, he recalls in the film, was simply: “We need to document this.” Continue reading...
'This is horrifying' - Minneapolis residents reel from second deadly shooting 9 minutes ago Share Save Ana Faguy in Minneapolis Share Save EPA Volunteers and church staff handed out coffee, snacks and hand warmers at this church in Minneapolis on Sunday At the Calvary Baptist Church in Minneapolis, the doors swung open and shut as locals sought refuge from the biting cold on Sunday. The 140-year-o...
'This is horrifying' - Minneapolis residents reel from second deadly shooting 9 minutes ago Share Save Ana Faguy in Minneapolis Share Save EPA Volunteers and church staff handed out coffee, snacks and hand warmers at this church in Minneapolis on Sunday At the Calvary Baptist Church in Minneapolis, the doors swung open and shut as locals sought refuge from the biting cold on Sunday. The 140-year-old building sits just blocks away from where Alex Pretti, an intensive care nurse, was shot dead by federal immigration agents during a confrontation on Saturday morning. In the wake of the shooting, which marked the second time in less than a month that a US citizen has been killed by agents in the city, the church has become what locals describe as a haven from the unrest and uncertainty outside. There was no service here on Sunday morning. Instead volunteers and church staff, such as Ann Hotz, who works at the church's daycare centre, handed out coffee, snacks and hand warmers to those who stopped by. Some were on their way to lay flowers at a nearby memorial for Pretti, while others visited on their way home from protests against the weeks-long federal immigration enforcement operation in the city. "Yesterday, I fell apart," Hotz told the BBC as she helped move cases of water outside. "Today I'm here to stand with my community and help our neighbours as they remember Alex and mourn him." "But I do have to say, the helpers are getting really tired," she added. "This is exhausting, and so we need there to be a change." "This is exhausting, and so we need there to be a change," Ann Hotz said "This is what America is now," Dean Caldwell-Tautges, the church administrator, said of the actions of federal immigration agents in his hometown in recent weeks. Caldwell-Tautges, who was handing out whistles which have been used to alert people to Immigration and Customs Enforcement (ICE) activity, said supporting the community in this way was "the Christian thing to do". The city of...