Generalist · Public · Edinburgh, United Kingdom
Baillie Gifford & CO
Q4 2025 · compared with Q3 2025
Long-term growth public investor.
- Software
- $26.1B
- Weight of 13F
- 21.8%
- Names
- 42
- Net bought
- −$1.9B
Filed 23 January 2026 · SEC filing.
263 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 202639 names$17.9B−$1.7B
- Q1 202641 names$17.9B−$2.0B
- Q4 202542 names$26.1B−$1.9B
- Q3 202541 names$30.5B−$1.2B
- Q2 202543 names$28.9B−$3.6B
- Q1 202544 names$26.6B−$515M
- Q4 202443 names$32.0B−$573M
- Q3 202443 names$27.2B+$1.4B
- Q2 202445 names$24.3B+$120M
- Q1 202445 names$25.9B−$1.4B
- Q4 202344 names$26.6B−$343M
- Q3 202345 names$22.0B−$208M
- Q2 202345 names$22.8B−$14.7M
- Q1 202367 names$19.6B+$696M
- Q4 202270 names$15.0B−$677M
- Q3 202268 names$16.4B+$1.7B
- Q2 202264 names$14.3B+$34.6B
- Q1 202264 names$22.9B−$1.1B
- Q4 202162 names$32.5B−$73.1M
- Q3 202158 names$31.9B+$63.3M
- Q2 202157 names$34.1B+$41.5B
- Q1 202152 names$26.7B+$3.6B
- Q4 202047 names$24.4B+$664M
- Q3 202023 names$20.5B+$1.3B
- Q2 202021 names$16.0B+$877M
- Q1 202017 names$8.3B+$569M
- Q4 201917 names$7.9B+$696M
- Q3 201915 names$6.3B+$371M
- Q2 201914 names$6.3B+$191M
- Q1 201912 names$5.2B+$781M
- Q4 201811 names$3.3B+$99.1M
- Q3 201811 names$3.5B+$238M
- Q2 20189 names$2.8B−$38.0M
- Q1 20189 names$2.6B+$109M
- Q4 20177 names$2.1B+$18.7M
- Q3 20177 names$2.1B+$42.5M
- Q2 20176 names$1.9B−$56.6M
- Q1 20176 names$1.8B−$6.2M
- Q4 20166 names$1.5B+$340M
- Q3 20166 names$1.4B+$69.7M
- Q2 20165 names$1.2B—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- ShopifySHOP31,206,232 shares · 19.2% of their software · price +$386M$5.0B−$630M
- AppLovinAPP6,166,349 shares · 15.9% of their software · price −$276M$4.2B−$57.2M
- CloudflareNET16,823,947 shares · 12.7% of their software · price −$293M$3.3B−$1.1B
- MicrosoftMSFT5,544,839 shares · 10.3% of their software · price −$190M$2.7B−$164M
- SamsaraIOT47,660,513 shares · 6.5% of their software · price −$85.8M$1.7B+$231M
- AtlassianTEAM8,431,802 shares · 5.2% of their software · price +$20.6M$1.4B+$50.5M
- CoStarCSGP12,933,185 shares · 3.3% of their software · price −$222M$870M+$396M
- DuolingoDUOL4,861,445 shares · 3.3% of their software · price −$711M$853M+$654M
- The Trade DeskTTD22,305,995 shares · 3.2% of their software · price −$246M$847M−$334M
- Block, Inc.XYZ9,875,845 shares · 2.5% of their software · price −$70.9M$643M−$129M
- SnowflakeSNOW2,735,752 shares · 2.3% of their software · price −$16.9M$600M−$13.5M
- DatadogDDOG3,961,509 shares · 2.1% of their software · price −$25.4M$539M−$1.1B
- Joint Stock Company Kaspi.kzKSPI4,673,083 shares · 1.4% of their software · price −$16.6M$365M−$9.2M
- Uber Technologies, Inc.UBER3,961,818 shares · 1.2% of their software · price −$64.4M$324M−$21.3M
- WorkdayWDAY1,464,991 shares · 1.2% of their software · price −$38.0M$315M−$15.4M
- WixWIX2,854,611 shares · 1.1% of their software · price −$210M$297M−$6.7M
- SalesforceCRM1,062,815 shares · 1.1% of their software · price +$29.7M$282M−$13.6M
- PaycomPAYC1,638,894 shares · 1.0% of their software · price −$79.9M$261M−$14.5M
- Grab Holdings LimitedGRAB46,212,934 shares · 0.9% of their software · price −$47.6M$231M−$8.5M
- Figma, Inc.FIG5,763,613 shares · 0.8% of their software · price −$83.6M$215M+$145M
- AutodeskADSK706,289 shares · 0.8% of their software · price −$15.3M$209M−$6.4M
- DoximityDOCS3,711,340 shares · 0.6% of their software · price −$107M$164M−$10.1M
- Remitly Global, Inc.RELY11,658,558 shares · 0.6% of their software · price −$29.1M$161M+$61.8M
- MongoDBMDB267,331 shares · 0.4% of their software · price +$29.2M$112MNew · +$83.0M
- CourseraCOUR14,590,942 shares · 0.4% of their software · price −$63.5M$107MSplit
- monday.comMNDY723,655 shares · 0.4% of their software · price −$33.4M$107M+$3.0M
- IntuitINTU131,793 shares · 0.3% of their software · price −$2.7M$87.3M−$5.8M
- JFrogFROG871,028 shares · 0.2% of their software · price +$13.2M$54.4M−$4.8M
- DLocal LimitedDLO2,996,660 shares · 0.2% of their software$42.4M+$4.7M
- Paychex, Inc.PAYX304,062 shares · 0.1% of their software · price −$4.4M$34.1M−$601K
- AppianAPPN941,106 shares · 0.1% of their software · price +$4.6M$33.3M−$1.6M
- AmplitudeAMPL2,741,880 shares · 0.1% of their software · price +$2.4M$31.8M+$643K
- LiveRamp Holdings, Inc.RAMP939,961 shares · 0.1% of their software · price +$2.1M$27.6M−$2.4M
- AdobeADBE50,514 shares · 0.1% of their software$17.7MFlat
- Chime Financial, Inc.CHYM678,717 shares · 0.1% of their software · price +$3.4M$17.1MFlat
- SchrödingerSDGR835,488 shares · 0.1% of their software · price −$1.8M$14.9M−$2.8M
- CrowdStrikeCRWD27,845 shares · 0.0% of their software · price −$602K$13.1MFlat
- Bentley SystemsBSY298,295 shares · 0.0% of their software · price −$4.0M$11.4M+$15.3M
- SynopsysSNPS21,166 shares · 0.0% of their software · price −$501K$9.9M−$2.7M
- CadenceCDNS29,025 shares · 0.0% of their software · price −$1.1M$9.1M−$2.5M
- Full Truck Alliance Co. Ltd.YMM1,158 shares · 0.0% of their software$12KNew · Flat
- VeevaVEEV49 shares · 0.0% of their software$11KFlat