British century-old asset management giant BAILLIE GIFFORD released 13F documents by the end of 2021, revealing its layout in US stocks.

21Q4's position in u.s. stocks reached $182.2 billion, down nearly $10 billion from the third quarter, with the top ten securities accounting for 39% of the portfolio.

Reduction of 22% of Tesla, Inc. 's holdings in Demoderna is still the largest heavy stock.

Vaccine giant$Moderna Inc (MRNA.US) $It is the largest position in BG, with a market capitalization of about $11.6 billion, or 8.5 per cent of the portfolio, with a small increase of 8 per cent in the fourth quarter.

BG long-term investment of more than 10 years$Tesla, Inc. (TSLA.US) $It was reduced by 22% in Q4, ranking the second largest position, with a market capitalization of US $11.4 billion, similar to Moderna Inc.

Among the top ten holdings are$Illumina Inc (ILMN.US) $、$Shopify Inc (SHOP.US) $、$Amazon.Com Inc (AMZN.US) $、$NVIDIA Corp (NVDA.US) $、$Netflix Inc (NFLX.US) $And other hot stocks, the number of holdings changed little in the fourth quarter.

Greatly increase the holding of health insurance giant, Jiancang Rivian

From the point of view of increasing the proportion of positions, BG increased significantly in the fourth quarter.$The Trade Desk (TTD.US) $、$Anthem Inc (ANTM.US) $、$Martin-Marietta material (MLM.US) $、$Charles Schwab Corp (SCHW.US) $、$Coupang (CPNG.US) $Wait for individual stocks.

Among them, American health insurance giants Anthem Inc and Charles Schwab Corp have all set new record highs recently.

Judging from the proportion of increasing positions, BG increased its holdings in the fourth quarter.$Snap Inc Inc (SNAP.US) $123%、$Farfetch (FTCH.US) $102%、$Affirm Holdings (AFRM.US) $51%等。

In the fourth quarter, BG made a new position of 26 stocks, among which the new energy vehicle stock has a large position.$Rivian Automotive (RIVN.US) $Brazilian Digital Bank, which received Buffett's investment$Nu Holdings (NU.US) $等。

Another 40% reduction of BABAIncrease the position of Pinduoduo

In terms of the operation of US-listed stocks, according to the 13F document, BG once again substantially reduced its holdings of 4096750 shares.$BABA (BABA.US) $The holdings were reduced by 41%. From the second quarter of 2021 to the end of the year, Baiji reduced its position in BABA by 77.97%.

At present, the largest number of Chinese stocks held by BG are the new forces of car building.$NIO Inc. (NIO.US) $. As of the end of 2021, BG held a total of 88.8584 million shares of NIO Inc., with a market capitalization of $2.814 billion, making it the 12th largest position in BG. NIO Inc. 's holdings were slightly reduced by 1 per cent in the fourth quarter of 2021.

In addition, BG also reduced its holdings in the fourth quarter, as well as Baidu, Inc., JD.com and TAL Education Group, of which TAL Education Group was reduced by 50 per cent. As of the end of the fourth quarter, Baiji held 10.9197 million shares of TAL Education Group, with a market capitalization of only $42.915 million.

At the same time, BG increased its position.$Pinduoduo (PDD.US) $、$Tencent Music (TME.US) $、$Zai Lab Limited (ZLAB.US) $及$Futu Holdings Limited (FUTU.US) $Among them, the increase of positions in Pinduoduo reached 5%.