When in doubt, follow the Brits. They know their tea—and apparently their stocks too!

💼 The Setup:

Baillie Gifford, the legendary British investment firm founded in Edinburgh (where it probably shares DNA with haggis), started out as a law firm. Then they figured out that investing pays better than arguing over contracts. Fast-forward to today, and they’re managing a jaw-dropping $126.8 billion across 283 positions. That’s more cash than the GDP of some small countries!

🏆 Top 20 Holdings: Who's in the VIP Lounge?

Baillie Gifford's top holdings are basically a who's who of high-growth rock stars:

• MercadoLibre – Their biggest position ($8.7B), leading the charge in Latin America's e-commerce boom. Think Amazon, but with more salsa.
• Spotify – $7.6B in streaming dreams (because Baillie Gifford probably knows you won’t cancel after that “free” trial).
• Amazon – $7.1B in Jeff Bezos’s side hustle.
• NVIDIA – $6.4B in graphics cards and AI chips (because video games and the singularity aren’t going to build themselves).
• Shopify – $5.7B—because everyone and their grandmother wants to open an online store now.

💥 Big Bets = Big Risks

But not all sunshine and rainbows:

• They shaved $1.3B off their Tesla stake—probably got spooked by Elon’s latest tweetstorm.
• Spotify and NVIDIA got trimmed by 15% and 16%, respectively—maybe someone finally noticed how much those premium plans cost?
• Netflix down 4.9%—Baillie Gifford probably switched to Disney+ for a bit.

🛒 Why MercadoLibre Is the Crown Jewel

MercadoLibre ($8.7B position) is more than just an e-commerce play—it’s practically building the financial infrastructure of Latin America:
✅ Top fintech in Mexico, Argentina, and Chile.
✅ Retail media market leader—set to grow 3x by 2028.
✅ The region’s shift from cash to cards = $$$.
Sure, the Latin American macro situation might look like a telenovela on fire—but MercadoLibre is thriving despite it all.

🥇 The Mag Seven Club

Baillie Gifford loves the “Magnificent Seven” tech stocks:

• Amazon – Naturally.
• Nvidia – Obvious.
• Meta – Still sticking around despite those privacy scandals.
• Microsoft – Because they missed out on Apple, probably.
• Tesla – Even after Elon’s latest antics.

✈️ International Flair

Baillie Gifford doesn’t just stick to the U.S.

• PDD – Chinese e-commerce dynamo (+5% growth).
• Ferrari – Fast cars, big profits, and Italian style.
• Coupang – South Korean Amazon, essentially.
• Sea Limited – E-commerce in Southeast Asia—because even islands need good shipping.

🚨 The Bottom Line:

Baillie Gifford’s strategy is clear: high-growth, high-risk, high-reward. They’re betting big on e-commerce, streaming, and AI—while trimming back some of the fluff. If you’re looking for the smartest guy in the room, Baillie Gifford might just be him (or her).