Baillie Gifford & Co, a UK-based investment firm, has filed a Schedule 13G with the Securities and Exchange Commission (SEC) on September 30, 2024, indicating a significant stake in Rivian Automotive, Inc. The filing reveals that Baillie Gifford & Co owns 50,357,579 shares of Rivian's common stock, which represents 5.03% of the company's class. The shares are held by Baillie Gifford & Co and/or its investment adviser subsidiaries on behalf of various investment advisory clients, including registered investment companies, employee benefit plans, pension funds, and other institutional clients. The firm has sole voting power over 28,070,470 shares and sole dispositive power over all 50,357,579 shares. The filing asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Rivian Automotive, Inc.

Baillie Gifford & Co, a UK-based investment firm, has filed a Schedule 13G with the Securities and Exchange Commission (SEC) on September 30, 2024, indicating a significant stake in Rivian Automotive, Inc. The filing reveals that Baillie Gifford & Co owns 50,357,579 shares of Rivian's common stock, which represents 5.03% of the company's class. The shares are held by Baillie Gifford & Co and/or its investment adviser subsidiaries on behalf of various investment advisory clients, including registered investment companies, employee benefit plans, pension funds, and other institutional clients. The firm has sole voting power over 28,070,470 shares and sole dispositive power over all 50,357,579 shares. The filing asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Rivian Automotive, Inc.