In a 13F filing released on November 9, 2026, Baillie Gifford revealed a massive new position in semiconductor equipment maker Lam Research. The filing, which discloses holdings as of September 30, 2026, showed the firm increased its stake from a nominal 58 shares to 3.50 million, valued at approximately $1.15 billion. This new holding represents about 1.08% of Baillie Gifford's reported portfolio.
In a recent publication on its website, the firm confirmed it established a new position in Lam Research for its Long Term Global Growth portfolio during the third quarter. Baillie Gifford cited the growing demand for computing power and memory driven by artificial intelligence, and Lam's key role in the manufacturing of increasingly three-dimensional chips, as the basis for its investment. It's important to note that 13F filings reflect a position at the end of a quarter and do not represent a single-day trade.