# EDGAR Filing Document

**Accession Number:** 0001120543
**File Stem:** 0001752724-23-036643
**Filing Date:** 2023-2
**Character Count:** 21976
**Document Hash:** 38922eba35dba38bf043451f2dd13b2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-036643.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-036643

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAILLIE GIFFORD FUNDS
- **CENTRAL INDEX KEY:** 0001120543
- **IRS NUMBER:** 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:** 23658205

**BUSINESS ADDRESS:**
- **STREET 1:** CALTON SQUARE, 1 GREENSIDE ROW
- **STREET 2:** EDINBURGH SCOTLAND
- **CITY:** EH1 3AN
- **STATE:** X0
- **ZIP:** 00000
- **BUSINESS PHONE:** 0144131222

**MAIL ADDRESS:**
- **STREET 1:** CALTON SQUARE, 1 GREENSIDE ROW
- **STREET 2:** EDINBURGH SCOTLAND
- **CITY:** EH1 3AN
- **STATE:** X0
- **ZIP:** 00000

## Series and Classes Contracts Data

### Baillie Gifford U.S. Discovery Fund (Series ID: S000071647)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000227062 | Institutional Class | BGUIX           |
| C000227063 | Class K             | BGUKX           |

## 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 U.S. Discovery Fund

- **b. EDGAR series identifier (if any):** S000071647

- **c. LEI of Series:** 213800TLFDWNN6U3B728

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $2880326.28

**Total Liabilities:** $40415.25

**Net Assets:** $2839911.03

**Cash Not Reported:** $72328.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227063 | 3.89%                | 3.95%                | -6.20%               |
| Class ID C000227062 | 3.89%                | 3.74%                | -6.01%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6673.40                 | $101822.13                                 |
| Month 2  | $0.00                    | $116296.35                                 |
| Month 3  | $0.00                    | $-182764.41                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Progyny Inc                   | Progyny Inc                   | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1068 | NS      | $33268.20     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                   | Novanta Inc                   | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       616 | NS      | $83695.92     | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                     | JFrog Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      2796 | NS      | $59638.68     | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion Inc                 | Trupanion Inc                 | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |      1448 | NS      | $68823.44     | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp           | Exact Sciences Corp           | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |      1276 | NS      | $63174.76     | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LendingTree Inc               | LendingTree Inc               | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |       570 | NS      | $12158.10     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandwidth Inc                 | Bandwidth Inc                 | CUSIP: 05988J103<br>LEI: 549300QC70JB7MUGXM66 | Long             | EC               | CORP              | US        |       958 | NS      | $21986.10     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptimmune Therapeutics Plc  | Adaptimmune Therapeutics Plc  | CUSIP: 00653A107<br>LEI: 549300UUNWK8TRT5EW12 | Long             | EC               | CORP              | GB        |     10551 | NS      | $15404.46     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                  | Doximity Inc                  | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1804 | NS      | $60542.24     | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkeley Lights Inc           | Berkeley Lights Inc           | CUSIP: 084310101<br>LEI: 549300LTLRE4N65CD358 | Long             | EC               | CORP              | US        |      2428 | NS      | $6507.04      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                 | Ambarella Inc                 | CUSIP: 000000000<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | US        |      1064 | NS      | $87492.72     | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care Inc      | Tandem Diabetes Care Inc      | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |       892 | NS      | $40095.40     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Denali Therapeutics Inc       | Denali Therapeutics Inc       | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |      1031 | NS      | $28672.11     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                  | Cargurus Inc                  | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |      2532 | NS      | $35473.32     | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Redfin Corp                   | Redfin Corp                   | CUSIP: 75737F108<br>LEI: 549300HXWD3JEMZU3O57 | Long             | EC               | CORP              | US        |      1738 | NS      | $7369.12      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences Inc        | Pacira BioSciences Inc        | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1707 | NS      | $65907.27     | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc            | Teladoc Health Inc            | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |       720 | NS      | $17028.00     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sutro Biopharma Inc           | Sutro Biopharma Inc           | CUSIP: 869367102<br>LEI: 5493005U6P15VD25P851 | Long             | EC               | CORP              | US        |      5929 | NS      | $47906.32     | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Precision BioSciences Inc     | Precision BioSciences Inc     | CUSIP: 74019P108<br>LEI: 549300I5QGRS3BLHZH41 | Long             | EC               | CORP              | US        |      4774 | NS      | $5681.06      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Codexis Inc                   | Codexis Inc                   | CUSIP: 192005106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6648 | NS      | $30979.68     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HashiCorp Inc                 | HashiCorp Inc                 | CUSIP: 418100103<br>LEI: 549300XGOB9ZFQHMIP56 | Long             | EC               | CORP              | US        |      1546 | NS      | $42267.64     | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CS Disco Inc                  | CS Disco Inc                  | CUSIP: 126327105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2885 | NS      | $18233.20     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratasys Ltd                 | Stratasys Ltd                 | CUSIP: 000000000<br>LEI: 529900MU215GIP9SZ741 | Long             | EC               | CORP              | US        |      2122 | NS      | $25166.92     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                    | Upwork Inc                    | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |      4732 | NS      | $49402.08     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Benefitfocus Inc              | Benefitfocus Inc              | CUSIP: 08180D106<br>LEI: 254900W89KP1OS3RXO89 | Long             | EC               | CORP              | US        |      4257 | NS      | $44528.22     | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR Surgical Co             | STAAR Surgical Co             | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |      1282 | NS      | $62228.28     | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiverr International Ltd      | Fiverr International Ltd      | CUSIP: 000000000<br>LEI: 549300Z8OREY6THCPF67 | Long             | EC               | CORP              | IL        |      1382 | NS      | $40271.48     | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Xencor Inc                    | Xencor Inc                    | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |      2452 | NS      | $63850.08     | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Digimarc Corp                 | Digimarc Corp                 | CUSIP: 25381B101<br>LEI: 254900TL728B5T0M5R41 | Long             | EC               | CORP              | US        |      1494 | NS      | $27624.06     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardlytics Inc                | Cardlytics Inc                | CUSIP: 14161W105<br>LEI: 549300JETJBH94EIPC66 | Long             | EC               | CORP              | US        |      2911 | NS      | $16825.58     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| EverQuote Inc                 | EverQuote Inc                 | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4742 | NS      | $69897.08     | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tabula Rasa HealthCare Inc    | Tabula Rasa HealthCare Inc    | CUSIP: 873379101<br>LEI: 549300K6KY242XRMEF28 | Long             | EC               | CORP              | US        |      2495 | NS      | $12350.25     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Schrodinger Inc/United States | Schrodinger Inc/United States | CUSIP: 80810D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1581 | NS      | $29548.89     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc         | Veeco Instruments Inc         | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |      2351 | NS      | $43681.58     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanterix Corp                | Quanterix Corp                | CUSIP: 74766Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2370 | NS      | $32824.50     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Expensify Inc                 | Expensify Inc                 | CUSIP: 30219Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3256 | NS      | $28750.48     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc             | Sprout Social Inc             | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1869 | NS      | $105523.74    | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc         | LiveRamp Holdings Inc         | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |      3047 | NS      | $71421.68     | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Shockwave Medical Inc         | Shockwave Medical Inc         | CUSIP: 82489T104<br>LEI: 549300LDXO56IC5Y1538 | Long             | EC               | CORP              | US        |       198 | NS      | $40710.78     | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CEVA Inc                      | CEVA Inc                      | CUSIP: 157210105<br>LEI: 529900G9T7CVU2J2VU73 | Long             | EC               | CORP              | US        |      1135 | NS      | $29033.30     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc           | Varonis Systems Inc           | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |      1719 | NS      | $41152.86     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc               | Q2 Holdings Inc               | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |      1442 | NS      | $38746.54     | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Inc                 | Blackline Inc                 | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |      1323 | NS      | $88998.21     | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd         | CyberArk Software Ltd         | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |       757 | NS      | $98145.05     | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Appian Corp                   | Appian Corp                   | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               | CORP              | US        |       897 | NS      | $29206.32     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc                     | Calix Inc                     | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |       832 | NS      | $56933.76     | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc           | Axon Enterprise Inc           | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       998 | NS      | $165598.14    | 5.83%             |  |  |  | No            |                  1 | On Loan: No      |
| American Well Corp            | American Well Corp            | CUSIP: 03044L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8246 | NS      | $23336.18     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                  | Freshpet Inc                  | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |       655 | NS      | $34564.35     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Stitch Fix Inc                | Stitch Fix Inc                | CUSIP: 860897107<br>LEI: 549300TNHOVBOJZIYE72 | Long             | EC               | CORP              | US        |      2755 | NS      | $8568.05      | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Zuora Inc                     | Zuora Inc                     | CUSIP: 98983V106<br>LEI: 549300ISVGC1YZWQJ420 | Long             | EC               | CORP              | US        |      8556 | NS      | $54416.16     | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc         | TransMedics Group Inc         | CUSIP: 89377M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2699 | NS      | $166582.28    | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Everbridge Inc                | Everbridge Inc                | CUSIP: 29978A104<br>LEI: 549300WCY0UMR64ATW81 | Long             | EC               | CORP              | US        |      1165 | NS      | $34460.70     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubius Therapeutics Inc       | Rubius Therapeutics Inc       | CUSIP: 78116T103<br>LEI: 549300ER84PB0QV6HZ76 | Long             | EC               | CORP              | US        |      2398 | NS      | $412.70       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc             | AeroVironment Inc             | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      1085 | NS      | $92941.10     | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp            | IPG Photonics Corp            | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |       557 | NS      | $52731.19     | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Novocure Ltd                  | Novocure Ltd                  | CUSIP: 000000000<br>LEI: 213800YPP55UMHWA4826 | Long             | EC               | CORP              | JE        |      1251 | NS      | $91760.85     | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chegg Inc                     | Chegg Inc                     | CUSIP: 163092109<br>LEI: 549300AKX7O8JG0O3G77 | Long             | EC               | CORP              | US        |      1784 | NS      | $45081.68     | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corp         | Twist Bioscience Corp         | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |      1230 | NS      | $29286.30     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Baillie Gifford Funds

**Signature:** Lindsay Cockburn

**Name of Signer:** Lindsay Cockburn

**Title:** Treasurer