Summary by Futu AI
Baillie Gifford & Co, a UK-based investment firm, has filed an amended Schedule 13G with the Securities and Exchange Commission on September 30, 2024, indicating a significant stake in Symbotic Inc., a company specializing in automation technology. The filing reveals that Baillie Gifford & Co holds 14,070,999 shares of Symbotic's common stock, which represents 13.6% of the company's class of securities. The investment firm has sole voting power over 6,869,446 shares and sole dispositive power over the entire 14,070,999 shares. The disclosure asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Symbotic Inc. The shares are held on behalf of Baillie Gifford & Co's investment advisory clients, which may include registered investment companies, employee benefit plans, pension funds, and other institutional clients.