This factsheet covers Baillie Gifford's Edinburgh Worldwide Investment Trust. The fund surged 41.1% last month, beating its small-cap benchmark's 15.7% gain. But managers stayed cautious: net leverage was -8% (meaning they held cash, not borrowed to bet on a rally), and turnover was just 22% (they hold stocks long-term). Key holdings aren't named, but the strategy focuses on small, innovative companies (listed and private) in areas like AI and biotech, with 60-100 stocks across at least 6 countries. The message: bullish on small-cap growth, but keeping a cash cushion.
At a Glance Edinburgh Worldwide Investment Trust plc’s report for the period ended September 30, 2026, shows that the trust focuses on investing in listed and private small-cap companies at the forefront of global frontier technology innovation, aiming to achieve long-term capital appreciation throu
The fund's NAV returned +41.1% for the month, significantly outperforming the benchmark S&P Global Small Cap Index's +15.7%; the year-to-date cumulative NAV return is +41.1% (since the start of the year).
| Metric | Month | Year-to-Date |
|---|---|---|
| Fund (NAV) | +41.1% | +41.1% |
| Benchmark (S&P Global Small Cap Index) | +15.7% | +15.7% |
| Excess Return | +25.4% | +25.4% |
The report does not provide a breakdown of contributions/detractions at the individual stock level for the month.
The report does not offer commentary on specific holdings.
[Optimistic] The report does not directly state the manager's explicit view on the market, but indirectly reflects their stance through the following data:
The report does not disclose specific position changes for the month (new positions/additions/reductions/liquidations).