Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza Investing Scottish investment shop Baillie Gifford is in line to more than triple its money on its stakes in Anthropic when the AI juggernaut floats on the stock market this summer, just months after netting a £3.6bn gain on its historic SpaceX punt. Three of the Edinburgh-based asset manager’s flagship trusts could use Anthropic’s eagerly awaited [...]
SpaceX helps Scottish Mortgage Investment Trust take off Tech Scottish Mortgage Investment Trust revealed the extent of the success of its early backing for Elon Musk’s SpaceX on Wednesday. The buy-and-hold investor’s stake in the rocket maker now amounts to about a fifth of the £16bn fund, as revealed in its results for the year to the end of March. Overall, SMT’s net asset value [...]
Scottish Mortgage manager Baillie Gifford eyes £3bn return on historic Space X bet Investing Scottish investment juggernaut Baillie Gifford is in line to net a bumper £3.5bn return on its historic bet on Space X when the rocket maker floats on the stock market later this year, in what is believed to be one of the largest windfalls from a single debut in UK investment history. A Morning Wire [...]
Space stocks lift off as investors eye Space X moment April 8, 2026 Retail investors are increasingly backing the space economy, with new data showing the sector moving to a more established part of long-term portfolios. Figures from Hargreaves Lansdown show Self-Invested Personal Pension (SIPP) investors remained broadly bullish through the first quarter of the year, despite a wobble in March following tensions in the Middle East. Among the [...]
The only FTSE 100 stock Scottish Mortgage is buying November 22, 2024 Scottish Mortgage has always had an international focus, and there's only one FTSE 100 stock the investment trust wants to buy: Itself.
Scottish Mortgage no longer most bought trust as Fundsmith Equity claws back 10th October 2, 2024 Scottish Mortgage is no longer the most bought investment trust in the UK, according to the Interactive Investor Most Bought List, as the popular retail pick falls into second. The growth trust was eclipsed in September by Blackrock World Mining, a commodities-focused trust which is up 15 per cent in the last three weeks and [...]
Why Scottish Mortgage trust is selling Nvidia June 5, 2024 Scottish Mortgage, the second largest investment trust in the UK, has warned that though the future for AI is bright, companies like Nvidia might not carry on bringing in the record gains that they have managed over recent months. While Scottish Mortgage is on board with the vision of an AI future, deputy manager Lawrence [...]
What could Elliott’s stake in Scottish Mortgage mean? March 24, 2024 News emerged last week that US hedge fund and activist investor Elliott Investment Management has taken a £600m stake in Scottish Mortgage Investment Trust. But what could this mean for the trust? The 5.04 cent stake now makes Elliott the largest shareholder in the Baillie Gifford-managed trust. The second largest investment trust in the UK, [...]
Scottish Mortgage unveils £1bn share buyback programme after strong year March 15, 2024 The trust, which is the second largest in the UK, has recorded a strong performance over recent months despite a tumultuous few years before that.
UK fund manager: ‘Gloomy’ London isn’t interested in growth stocks anymore December 1, 2023 Baillie Gifford's funds, which focus on growth, have struggled over the past two years due to high rates and the market environment.