Global investment manager Baillie Gifford initiated a substantial new stake in semiconductor equipment maker KLA Corp. (KLAC), acquiring 946,640 shares. The position was valued at approximately $285.6 million as of the reporting date and constitutes 0.26% of the firm's disclosed portfolio.
This investment was revealed in a quarterly 13F filing with the SEC, meaning the trades occurred between April 1 and June 30, 2026. KLA Corporation is a key supplier for the semiconductor industry, providing essential process control and yield management systems used in the manufacturing of microchips.