- Business
- Baillie Gifford US Growth Trust PLC is a UK-listed closed-end investment trust that seeks long-term capital growth by investing predominantly in equities of high-growth companies incorporated, domiciled, or conducting significant business in the United States; the portfolio comprises up to 90 direct holdings in listed and unlisted securities, typically 30 or more listed holdings, with a maximum of 50% in private companies; key sectors include information technology, consumer discretionary, industrials, and communication services, featuring top positions such as Space Exploration Technologies, Stripe, Shopify, Amazon.com, NVIDIA, Cloudflare, Meta Platforms, Netflix, DoorDash, and Databricks. The Trust, launched in 2018 and headquartered in Edinburgh, Scotland, benchmarks against the S&P 500 Index and is managed by Baillie Gifford & Co Limited as its alternative investment fund manager, with co-managers Gary Robinson and Kirsty Gibson emphasizing bottom-up growth investing in exceptional companies across public and private markets. Recent portfolio changes include new private company investments in Rippling (workforce management), Runway AI (generative AI video platform), and Cosm (immersive entertainment), alongside listed additions such as DraftKings, Globant, Lineage, SharkNinja, and The Ensign Group; sales encompassed 10X Genomics, Coursera, HashiCorp, Sprout Social, and others amid low turnover of 9.1%, reflecting a long-term horizon; as of May 2025, private holdings represent 34.9% of assets across 27 companies, while Saba Capital Management increased its stake above 30%, prompting board discussions on shareholder-aligned strategies; the Annual General Meeting occurs on 2 October 2025 in Edinburgh, with ongoing share issuance and buyback authorities in place.