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Baillie Gifford UK Growth Trust Letters & Research Archive

6 pieces · 2025–2026 · updated every Monday

2026

09-08Baillie Gifford UK Growth Investment Trust FactsheetThis factsheet covers Baillie Gifford UK Growth, a UK equity trust. The manager says they don't try to copy the index, so short-term ups and downs are normal. Top holdings include Softcat (IT services), Games Workshop (tabletop games), and Moonpig Group (online greeting cards). The trust uses 9% leverage (borrowed money) and trades at a 9.2% discount to its net asset value. It's for investors who can hold for at least 5 years.→08-12Baillie Gifford UK Growth Investment Trust FactsheetThis UK investment trust buys shares of British companies and aims for long-term capital growth, but recently it has badly lagged the broader market: over the past year it returned 6.2% versus 21.6% for the FTSE All-Share. It holds a concentrated portfolio of about 35–65 stocks, and it even borrows a little to invest (leverage). Top holdings include Games Workshop (a tabletop-miniatures maker, 5.6% of assets), Softcat (an IT equipment seller, 4.7…→07-16Baillie Gifford UK Growth Trust Annual Report - April 2026This annual report from a UK growth fund explains why it lagged the stock market and how it plans to bounce back. Managers admit the problem wasn't finding good companies but paying too much for them and selling too late, so they've changed the process and added a co-manager. They argue UK small and mid-cap growth stocks are much cheaper than US peers, offering long-term upside — though time is short, with a shareholder vote in two years. Key hol…→07-13Baillie Gifford UK Growth Investment Trust FactsheetThis factsheet covers a UK investment trust run by Baillie Gifford, a well-known fund manager. Over the past year its net asset value rose 9.7%, while the UK stock market as a whole returned 21.9%. It also lagged over three, five, and ten years. Why? The trust concentrates on 35 to 65 companies it likes, ignores the index, and borrows money to invest, so results swing more. For ordinary investors, the lesson is that even a famous manager can unde…→07-01UK Growth Trust Valuation - 31 May 2026This is a snapshot of what the Baillie Gifford UK Growth Trust owns at the end of May 2026, essentially a list of its stock picks. No explicit market outlook is given. The largest holding is Games Workshop, a tabletop wargame and model maker, at 7.2%. Next is AJ Bell, an online investment platform, at 5.3%. The fund also holds Wayve Technologies, a private self-driving tech company, via its Series B preferred shares, showing it can invest in unli…→

2025

12-09Baillie Gifford UK Growth Trust Interim Financial Report - October 2025Baillie Gifford UK Growth Trust, a British investment fund, published its half-year report on how much it earned, what it bought, and how the managers see the market. They are cautiously optimistic: UK stocks still look cheap, but the economy is weak, so they prefer firms that can grow by themselves even in a downturn. Three holdings stand out: St James's Place, a wealth manager whose new management appears to be fixing past issues, with business…→