has this bolted Baillie Gifford American fund

[Deleted User]

So, a half hour search of the BG fNorth American fund:
Price 1894p
1Y performance +120%
Fund value £5.2b

Top ten holdings - price - 1Y%
Tesla         770  (+710%)
Shopify     1100 (+156)
TradeDesk 761 (+175%)
Amazon 3179 (+69%)
Wayfair 245 ((+157%)
Zoom 351 (+381)
Roku 344 (+167)
Netflix 510 (+55%)
Alphabet 1729 (+21%)
Chegg 91 (+127%)

I'll come back in half an hour with some take-aways from these figures.

[Deleted User]

To be honest, I have to admit that is a great 1Y performance by Baillie Gifford.
The top 10 holdings have returned an average of 200% and now comprise half of the value. But that means the bottom half of the portfolio also grew by 50%, which is even more impressive.

I deal only in individual shares - and would certainly recommend their top ten - but if I was invested in BG, why on earth would I want to dump them now? They were definitely fortunate with a couple of shares, Tesla and Zoom, but the overall performance augers well for 2021. Keep them.

quirkydeptless

ZingPowZing said:

So, a half hour search of the BG fNorth American fund:
Price 1894p
1Y performance +120%
Fund value £5.2b

Top ten holdings - price - 1Y%
Tesla         770  (+710%)
Shopify     1100 (+156)
TradeDesk 761 (+175%)
Amazon 3179 (+69%)
Wayfair 245 ((+157%)
Zoom 351 (+381)
Roku 344 (+167)
Netflix 510 (+55%)
Alphabet 1729 (+21%)
Chegg 91 (+127%)

I'll come back in half an hour with some take-aways from these figures.

Looks like they made a mistake investing in those slackers Amazon, Netflix and Alphabet

[Deleted User]

quirkydeptless said:

ZingPowZing said:

So, a half hour search of the BG fNorth American fund:
Price 1894p
1Y performance +120%
Fund value £5.2b

Top ten holdings - price - 1Y%
Tesla         770  (+710%)
Shopify     1100 (+156)
TradeDesk 761 (+175%)
Amazon 3179 (+69%)
Wayfair 245 ((+157%)
Zoom 351 (+381)
Roku 344 (+167)
Netflix 510 (+55%)
Alphabet 1729 (+21%)
Chegg 91 (+127%)

I'll come back in half an hour with some take-aways from these figures.

Looks like they made a mistake investing in those slackers Amazon, Netflix and Alphabet

All relative, quirkydeptless 
How was 2020 for you % wise? 

BananaRepublic

ZingPowZing said:

quirkydeptless said:

ZingPowZing said:

So, a half hour search of the BG fNorth American fund:
Price 1894p
1Y performance +120%
Fund value £5.2b

Top ten holdings - price - 1Y%
Tesla         770  (+710%)
Shopify     1100 (+156)
TradeDesk 761 (+175%)
Amazon 3179 (+69%)
Wayfair 245 ((+157%)
Zoom 351 (+381)
Roku 344 (+167)
Netflix 510 (+55%)
Alphabet 1729 (+21%)
Chegg 91 (+127%)

I'll come back in half an hour with some take-aways from these figures.

Looks like they made a mistake investing in those slackers Amazon, Netflix and Alphabet

All relative, quirkydeptless 
How was 2020 for you % wise? 

“irony: the expression of one’s meaning by using language that normally signifies the opposite, typically for humorous or emphatic effect”

BananaRepublic

Jackson00 said:

I have held this fund for many years, Baillie Gifford Funds have performed well over the past year in a number of different sectors of the market, I personally don’t think it is very wise to have large percentage allocations assigned to any sector or any one fund as such.   

I agree, you need more than one dog in the race. Investing everything in one fund or market is ‘a brave decision’, to borrow a phrase from Yes Minister. 

I wonder how much of the US wonder share growth is due to bored people at home during the pandemic turning their attention to the stock markets? If this is significant, we could be due a levelling off this summer. 

[Deleted User]

BananaRepublic said:

Jackson00 said:

I have held this fund for many years, Baillie Gifford Funds have performed well over the past year in a number of different sectors of the market, I personally don’t think it is very wise to have large percentage allocations assigned to any sector or any one fund as such.   

I agree, you need more than one dog in the race. Investing everything in one fund or market is ‘a brave decision’, to borrow a phrase from Yes Minister. 

I wonder how much of the US wonder share growth is due to bored people at home during the pandemic turning their attention to the stock markets? If this is significant, we could be due a levelling off this summer. 

I can answer that for you Banana Republic, the effect of bored people at home during the pandemic turning their attention to the stock markets is approximately zero.
For example Tesla trade $35 billion of stock every day: the prices are not driven by you, or me, nor bored people who will be doing something better after the pandemic.

Thrugelmir

BananaRepublic said:

Jackson00 said:

I have held this fund for many years, Baillie Gifford Funds have performed well over the past year in a number of different sectors of the market, I personally don’t think it is very wise to have large percentage allocations assigned to any sector or any one fund as such.   

I wonder how much of the US wonder share growth is due to bored people at home during the pandemic turning their attention to the stock markets? If this is significant, we could be due a levelling off this summer. 

Commercial reality will eventually kick in. Eastman Kodak is a classic example of US Robinhood investors speculating in the past 9 months. A fair number of lost shirts and burnt fingers. Efficient Market hypothesis got well and truly discarded. 

Secret2ndAccount

Crazyjoe said:

I have all my pension in this fund. It’s great in my opinion. You can go an look at all funds in Trustnet if you want to do comparisons.  

Wow! That is seriously high risk. Please tell me you have some other contingency (a company pension or a stack of savings) which can bail you out if this goes pear shaped. This is the kind of fund that absolutely can lose 50% in short time, and BG don't always get it right. Just because you had a great year last year, doesn't make it right. This level of risk could be justifiable if you are 20+ years from retirement, but even then it wouldn't hurt to spread yourself around.

You should take a good slice of your pension fund and lock in your gains by moving that portion to a fund with much lower volatility.

Full disclosure: I hold BG Global Discovery. So I only made 75% on the year. However, that started out as just 8% of my portfolio. Now it's more like 12% but I don't feel the need to rebalance. At that level, I'm comfortable with letting it ride.

[Deleted User]

Thrugelmir said:

BananaRepublic said:

Jackson00 said:

I have held this fund for many years, Baillie Gifford Funds have performed well over the past year in a number of different sectors of the market, I personally don’t think it is very wise to have large percentage allocations assigned to any sector or any one fund as such.   

I wonder how much of the US wonder share growth is due to bored people at home during the pandemic turning their attention to the stock markets? If this is significant, we could be due a levelling off this summer. 

Commercial reality will eventually kick in. Eastman Kodak is a classic example of US Robinhood investors speculating in the past 9 months. A fair number of lost shirts and burnt fingers. Efficient Market hypothesis got well and truly discarded. 

Red herring.
Kodak is worth less than the megacaps lose or gain in the first five minutes of trading.