# EDGAR Filing Document

**Accession Number:** 0001120543
**File Stem:** 0000940400-26-020578
**Filing Date:** 2026-5
**Character Count:** 24589
**Document Hash:** 34dd9fc332584b01ddf7b545d6ef5be8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020578.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020578

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAILLIE GIFFORD FUNDS
- **CENTRAL INDEX KEY:** 0001120543

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10145
- **FILM NUMBER:** 261007823

**BUSINESS ADDRESS:**
- **STREET 1:** 780 THIRD AVENUE
- **STREET 2:** 43RD FLOOR
- **CITY:** NEW
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 011441312752000

**MAIL ADDRESS:**
- **STREET 1:** 780 THIRD AVENUE
- **STREET 2:** 43RD FLOOR
- **CITY:** NEW
- **STATE:** NY
- **ZIP:** 10017

## Series and Classes Contracts Data

### Baillie Gifford Long Term Global Growth Fund (Series ID: S000046079)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000144091 | Class 2             | BGLTX           |
| C000144092 | Class 3             | BGLOX           |
| C000186040 | Institutional Class | BSGLX           |
| C000186041 | Class K             | BGLKX           |

## Nport-Ex

**Portfolio of Investments**

March 31, 2026 (unaudited)

Baillie Gifford Long Term Global Growth Fund

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS — 99.9%** |  |  |
| BRAZIL — 6.4% |  |  |
| MercadoLibre, Inc. \* | 8912 | $15409026 |
| NU Holdings Ltd., Class A \* | 1219143 | 17519085 |
|  |  | 32928111 |
| CANADA — 2.4% |  |  |
| Shopify, Inc., Class A \* | 104203 | 12360560 |
| CHINA — 14.7% |  |  |
| Contemporary Amperex Technology Co., Ltd., Class A | 220160 | 13058351 |
| Horizon Robotics \* | 6226800 | 5392864 |
| Kweichow Moutai Co., Ltd., Class A | 47700 | 10072462 |
| Meituan, Class B \* | 1027090 | 11207864 |
| PDD Holdings, Inc. ADR \* | 161760 | 16528637 |
| Tencent Holdings Ltd. | 308800 | 19476751 |
|  |  | 75736929 |
| FRANCE — 2.3% |  |  |
| Hermes International | 6180 | 11707093 |
| INDIA — 2.4% |  |  |
| MakeMyTrip Ltd. \* | 99808 | 3721840 |
| Titan Co., Ltd. | 204793 | 8601860 |
|  |  | 12323700 |
| ITALY — 1.7% |  |  |
| Moncler SpA | 141750 | 8534563 |
| NETHERLANDS — 8.2% |  |  |
| Adyen NV \* | 10641 | 10650049 |
| ASML Holding NV | 23692 | 31504595 |
|  |  | 42154644 |
| SINGAPORE — 2.4% |  |  |
| Sea Ltd. ADR \* | 146128 | 12100860 |
| SOUTH KOREA — 2.7% |  |  |
| Coupang, Inc. \* | 718823 | 13571378 |
| TAIWAN — 4.8% |  |  |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 429000 | 24811011 |
| UNITED STATES — 51.9% |  |  |
| Amazon.com, Inc. \* | 167187 | 34820036 |
| AppLovin Corp., Class A \* | 56122 | 22336556 |
| Atlassian Corp., Class A \* | 69116 | 4717167 |
| Axon Enterprise, Inc. \* | 23407 | 9940719 |
| BeOne Medicines Ltd., Class H \* | 487018 | 10924989 |
| Cloudflare, Inc., Class A \* | 119825 | 24724690 |
| Dexcom, Inc. \* | 153341 | 9629815 |
| Duolingo, Inc. \* | 31331 | 3088297 |
| elf Beauty, Inc. \* | 81022 | 4910743 |
| Intuitive Surgical, Inc. \* | 29159 | 13442007 |
| Joby Aviation, Inc. \* | 543861 | 4492292 |
| Netflix, Inc. \* | 99273 | 9545099 |
| NVIDIA Corp. | 199054 | 34715018 |
| Reddit, Inc., Class A \* | 83657 | 11264415 |

---

See previously submitted notes to the financial statements for the year ended December 31, 2025.

**Portfolio of Investments**

March 31, 2026 (unaudited)

Baillie Gifford Long Term Global Growth Fund

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| Rivian Automotive, Inc., Class A \* | 427370 | $6431919 |
| ROBLOX Corp., Class A \* | 167285 | 9461640 |
| Rocket Lab Corp. \* | 216563 | 13907676 |
| Samsara, Inc., Class A \* | 446190 | 14139761 |
| Spotify Technology SA \* | 33824 | 16401596 |
| Symbotic, Inc. \* | 143072 | 7611430 |
|  |  | 266505865 |
| **TOTAL INVESTMENTS — 99.9%** |  |  |
| (cost $307,374,556) |  | $512734714 |
| Other assets less liabilities — 0.1% |  | 303408 |
| **NET ASSETS — 100.0%** |  | $513038122 |

---

\* Non-income producing security.

ADR — American Depositary Receipt

This report classifies issuers geographically by their country of risk. For compliance monitoring purposes, the Manager retains discretion to consider a number of factors in determining where a particular issuer is located, as described in further detail in each Fund's prospectus.

See previously submitted notes to the financial statements for the year ended December 31, 2025.

**Portfolio of Investments**

March 31, 2026 (unaudited)

Baillie Gifford Long Term Global Growth Fund

**Fair Value Measurement**

GAAP provides guidance on fair value measurements and defines fair value as the price that a Fund would receive to sell an investment or pay to transfer a liability in a timely transaction with an independent buyer in the principal market, or in the absence of a principal market, the most advantageous market for the investment or liability. It establishes a single definition of fair value, creates a three-tier hierarchy as a framework for measuring fair value based on inputs used to value the Fund's investments, and requires additional disclosure about fair value. The hierarchy of inputs is summarized below:

Level 1 - unadjusted quoted prices in active markets for identical investments that the Fund has the ability to access.

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

Level 3 - significant unobservable inputs (including the Trust's own assumptions in determining the fair value of investments)

For Level 1 inputs, the Fund uses unadjusted quoted prices in active markets for assets or liabilities with sufficient frequency and volume to provide pricing information as the most reliable evidence of fair value.

The Fund's Level 2 valuation techniques include inputs other than quoted prices within Level 1 that are observable for an asset or liability, either directly or indirectly. This includes when a fair value adjustment is applied which seeks to reflect changes in foreign securities' market prices since the close of the market on which they are traded. Level 2 observable inputs may include quoted prices for similar assets and liabilities in active markets or quoted prices for identical or similar assets or liabilities in markets that are not active in which there are few transactions, the prices are not current, or price quotations vary substantially over time or among market participants. Inputs that are observable for the asset or liability in Level 2 include such factors as interest rates, yield curves, prepayment speeds, credit risk, and default rates for similar liabilities.

For Level 3 valuation techniques, the Fund uses unobservable inputs that reflect assumptions market participants would be expected to use in pricing the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available and are developed based on the best information available under the circumstances. In developing unobservable inputs, market participant assumptions are used if they are reasonably available without undue cost and effort.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of March 31, 2026 in valuing the Fund's investments carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Investments in Securities | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks<sup>\*\*</sup> | $346792262 | $165942452 | $— | $512734714 |
| **Total** | $346792262 | $165942452 | $— | $512734714 |

---

\*\* Refer to Portfolio of Investments for further detail.

See previously submitted notes to the financial statements for the year ended December 31, 2025.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Baillie Gifford Funds

- **b. Investment Company Act file number:** 811-10145

- **c. CIK number of Registrant:** 0001120543

- **d. LEI of Registrant:** 213800T287IYS8QHPC42

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** CALTON SQUARE, ONE GREENSIDE ROW

  - **City:** EDINBURGH

  - **Zip / Postal Code:** EH1 3AN

  - **Telephone number:** 011-44-131-275-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Baillie Gifford Long Term Global Growth Fund

- **b. EDGAR series identifier (if any):** S000046079

- **c. LEI of Series:** 2138006PNDXWM5X86H98

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $520915753.53

**Total Liabilities:** $1339143.29

**Net Assets:** $519576610.24

**Cash Not Reported:** $6660225.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186041 | -5.22%               | -5.35%               | -5.94%               |
| Class ID C000144092 | -5.22%               |  |  |
| Class ID C000144091 | -5.23%               | -5.35%               | -5.94%               |
| Class ID C000186040 | -5.23%               | -5.36%               | -5.95%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-244568.48              | $-53111257.87                              |
| Month 2  | $102840928.75            | $-152469283.08                             |
| Month 3  | $10094070.29             | $-45896609.64                              |

### Schedule of Portfolio Investments

| Name                                         | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Applovin Corp.                               | Applovin Corp. COM CL A                            | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     56122 | NS      | $22336556.00  | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                          | Axon Enterprise Inc COM                            | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     23407 | NS      | $9940718.83   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET LAB CORP                              | Rocket Lab Corp. COM                               | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    216563 | NS      | $13907675.86  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                   | DexCom Inc COM                                     | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |    153341 | NS      | $9629814.80   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                  | Samsara Inc COM CL A                               | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    446190 | NS      | $14139761.10  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CATL                                         | Contemporary Amperex Technology Co Ltd             | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |    183260 | NS      | $10875123.18  | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LTD                                      | Sea Ltd. SPONSORD ADS                              | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |    146128 | NS      | $12100859.68  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc.                                 | Coupang Inc. CL A                                  | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    718823 | NS      | $13571378.24  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10 | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    432000 | NS      | $24984514.74  | 4.81%             |  |  |  | No            |                  2 | On Loan: No      |
| NU HOLDINGS LTD                              | Nu Holdings Ltd. ORD SHS CL A                      | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |   1219143 | NS      | $17519084.91  | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                | Netflix, Inc. COM                                  | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     99273 | NS      | $9545098.95   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc. COM                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    167187 | NS      | $34820036.49  | 6.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                        | Spotify Technology S.A. COM EUR0.000625            | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     33824 | NS      | $16401595.84  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd.      | Contemporary Amperex Technology Co Ltd. 'A' CNY1   | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     36900 | NS      | $2183227.72   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan LLC                                  | Meituan LLC USD0.00001 B CLASS                     | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |   1027090 | NS      | $11207863.55  | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BEONE MEDICINES LTD                          | BeOne Medicines Ltd. USD0.0001 (SWITZERLAND)       | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |    493918 | NS      | $11079772.51  | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Duolingo Inc                                 | Duolingo Inc CL A COM                              | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31331 | NS      | $3088296.67   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORP                               | Atlassian Corporation CL A                         | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     69116 | NS      | $4717167.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                           | Roblox Corporation CL A                            | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |    167285 | NS      | $9461639.60   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                               | Cloudflare Inc CL A COM                            | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |    119825 | NS      | $24724690.50  | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding N.V. EUR0.09                          | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     23692 | NS      | $31504594.53  | 6.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Rivian Automotive Inc                        | Rivian Automotive Inc COM CL A                     | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |    427370 | NS      | $6431918.50   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KWEICHOW MOUTAI COMPANY LTD                  | Kweichow Moutai Co Ltd. 'A'CNY1                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     43900 | NS      | $9272240.54   | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan Co Ltd.                                | Titan Co Ltd. INR1                                 | CUSIP: 000000000<br>LEI: 549300RO9VJWPK37FE54 | Long             | EC               | CORP              | IN        |    204793 | NS      | $8601860.29   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA Corp. COM                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    199054 | NS      | $34715017.60  | 6.68%             |  |  |  | No            |                  1 | On Loan: No      |
| E L F Beauty Inc                             | E L F Beauty Inc COM                               | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     81022 | NS      | $4910743.42   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                             | Mercadolibre Inc COM                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      8912 | NS      | $15409026.24  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MAKEMYTRIP LTD                               | MakeMyTrip Ltd. USD0.0005                          | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | MU        |     99808 | NS      | $3721840.32   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International                         | Hermes International NPV                           | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |      6180 | NS      | $11707093.08  | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |
| KWEICHOW MOUTAI COMPANY LTD                  | Kweichow Moutai Co Ltd. 'A'CNY1                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3800 | NS      | $800220.98    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD HOLDINGS INC                             | PDD Holdings Inc. SPONSORED ADS                    | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |    161760 | NS      | $16528636.80  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                      | Intuitive Surgical Inc. COM NEW                    | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     29159 | NS      | $13442007.41  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                     | Adyen NV EUR0.01                                   | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |     10641 | NS      | $10650049.25  | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| JOBY AVIATION INC                            | Joby Aviation Inc. COM USD0.0001                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    543861 | NS      | $4492291.86   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                                   | Reddit Inc CL A                                    | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |     83657 | NS      | $11264415.05  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic Inc                                 | Symbotic Inc CLASS A COM                           | CUSIP: 87151X101<br>LEI: 529900UN9QT55OG9I235 | Long             | EC               | CORP              | US        |    143072 | NS      | $7611430.40   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HORIZON ROBOTICS                             | Horizon Robotics Inc USD0.0000025 B CLASS          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   6226800 | NS      | $5392864.46   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Shopify Inc                                  | Shopify Inc CL A SUB VTG SHS                       | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    104203 | NS      | $12360559.86  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HOLDINGS LTD                         | Tencent Holdings Ltd. HKD0.00002                   | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    308800 | NS      | $19476751.30  | 3.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Moncler S.p.A.                               | Moncler S.p.A. NPV                                 | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |    141750 | NS      | $8534563.13   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** Baillie Gifford Funds

**Signature:** Lindsay Cockburn

**Name of Signer:** Lindsay Cockburn

**Title:** Treasurer