You must be a registered user to save alerts. Scottish Mortgage Investment Trust Plc ’s holding of 1.87 million shares … Thanks to Tesla’s dramatic share price ascent, Scottish Mortgage has sold 40pc of its shares in the company this year to maintain a diversified portfolio. Yet it’s Tesla that has been at the forefront of its outperformance. The shares are among the index’s top five winners of 2020 with a gain that matches its fund performance. A British fund that has grown more than seven times faster than peers this year has one big bet to thank. This helps us to make sure that you do not have to accept the use of cookies every time you move to another page on the website. The Scottish Investment Trust PLC is an investment company registered in … How Hedge Funds Seek Covid Clues in Alternative Data: QuickT... Apple Supplier Foxconn’s Profit Beats Estimates Ahead of New... Scottish Mortgage a top FTSE 100 gainer after carmaker’s surge, But trimming stake in first quarter may have cost $170 million. If you want to stop cookies being stored on your computer in future or to disable any cookies, you can do so by changing your browser setting, please refer to your Internet browser’s instructions by clicking ‘Help’ in its menu. “We believe that banking some profits could be a contrarian, but prudent course of action,” the analyst wrote in a note Wednesday. Please sign in or register. Before proceeding, you are strongly recommended to read the sections entitled Legal (which contains the legal and regulatory restrictions which apply to your use of this website), Privacy Policy (which describes the means by which we collect and use your data) and Cookie Policy (which explains our use of cookies on this website). Scottish Mortgage “has benefited from good stock picks as well as being in sectors which have been favored during the global pandemic,” Robert Starkey, an analyst at investment research group Morningstar, said in emailed comments. Data delayed at least 20 minutes, as of Nov 12 2020 13:54 GMT. Pinduoduo Shares Jump as Post-Covid Spending Lift Sales by 8... WhatsApp Under Scrutiny as Germany Probes Messaging Apps, Tencent Sales Top Estimates in Sign the Gaming Boom Persists. SIT Savings Limited, a company registered in Scotland (number SC091859) with its registered office at 6 Albyn Place, Edinburgh, EH2 4NL. Portfolio overview for Scottish Mortgage Investment Trust plc (GB00BLDYK618) plus latest price and performance data, dividend information, expert insights and more Launched in 1909, Scottish Mortgage is considered to be Baillie Gifford's flagship investment trust. The growth of the closed-end investment fund -- which these days is global and has nothing to do with its roots in mortgages -- has helped cement its position in the U.K.’s FTSE 100 benchmark. These cookies do not collect any information which could identify you and are only used to help us improve how our website works and understand what interests our website’s users. It saves users having to accept each time they move to a new page. Scottish Mortgage Investment Trust plc (SMT:LSE) set a new 52-week high during Thursday's trading session when it reached 1,096.00. In trimming the holding, the fund’s managers were making adjustments to reflect their views “on the overall balance of the portfolio rather than simply the individual Tesla holding,” a spokesman said by email. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is … Looking slightly longer-term, its net asset value has more than doubled over the past three years, the fund’s website shows. In doing so, the fund missed out on about $170 million in additional value, based on Aug. 18 closing prices. They identify how users interact with our website, any errors that occur, which pages are not often used, which pages take a long time to load, which pages users tend to visit and in what order. The latest Scottish Mortgage Investment Trust plc share price (SMT). Scottish Mortgage’s gains would have been even greater had it not cut its stake in Tesla by about 125,000 shares in the first quarter, according to data compiled by Bloomberg. Scottish Mortgage Investment Trust plc (SMT:LSE) holding and sectors weighting: top holdings, sector weighting and regional holding. Among Scottish Mortgage’s current top 20 equity holdings by market value, Tesla was the only one whose stake was reduced during the first half of the year, Bloomberg data show. SIT Savings Limited is the Alternative Investment Fund Manager (AIFM) of The Scottish Investment Trust PLC. The carmaker’s stock has more than quadrupled this year, fueled by a better-than-expected performance in China and growing anticipation that the company will be included in the S&P 500 Index. Cellnex Buys CK Hutchison European Towers for $12 Billion. By continuing to browse the website, you are agreeing to The Scottish’s use of cookies. Share price information may be rounded up/down and therefore not entirely accurate. The Scottish Investment Trust PLC is an investment company registered in Scotland (number SC001651). Scottish Mortgage is one of many funds run by Baillie Gifford & Co. that own Tesla stock. Have a confidential tip for our reporters? The website uses cookies to improve your experience. The Scottish’s website (www.thescottish.co.uk) uses cookies. Tencent Vows to Work With Regulators as Beijing Clampdown Lo... Uber Rival Bolt Bets Pandemic Will Drive Scooter Demand, TCS Acquires Pramerica Services Unit From Prudential, Moderna Poised to Take Vaccine Spotlight With Data Due. Add this security to watchlist, portfolio, or create an alert to track market movement. If you want to delete any cookies that are already on your computer, please refer to the instructions for your file management software to locate the file or directory that stores cookies. Past performance is not a reliable indicator of future results. It is still 12pc of its holdings… Cookies are small text files that are placed on your computer by websites that you visit. Adds analyst commentary in 11th paragraph, updates prices and values. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. The Scottish uses cookies to record when you have confirmed that you accept the use of cookies on the website. Scottish Mortgage Investment Trust Plc’s holding of 1.87 million shares in Tesla Inc. has increased in value by more than $2 billion since the end of March as the electric carmaker’s stock price has surged to a record. That, along with investments in other U.S. tech giants and stay-at-home winners, means the fund has provided a year-to-date return of 56% versus 7.5% for its peer group, according to data compiled by Bloomberg. Edward Sheldon owns shares in Scottish Mortgage Investment Trust, Amazon, and Alphabet. The Scottish Investment Trust PLC and SIT Savings Limited are aimed at United Kingdom residents only and the information contained within the site is for access by United Kingdom residents only. Google Analytics cookies are classified as first party cookies as they are set by our website domain, although Google collects and processes information from our use of Google Analytics. SIT Savings Limited is authorised and regulated by the Financial Conduct Authority. The only other cookies in use on The Scottish’s website are provided by Google Analytics in order to collect anonymous website usage statistics. “The managers remain supportive holders of Tesla,” he said. View list of investments as at 30 September 2020, View list of investments as at 31 August 2020, View list of investments as at 31 July 2020, View list of investments as at 30 June 2020, View list of investments as at 31 May 2020, View list of investments as at 30 April 2020, View list of investments as at 31 March 2020, View list of investments as at 29 February 2020, View list of investments as at 31 January 2020, View list of investments as at 31 October 2019, View list of investments as at 31 July 2019, View list of investments as at 30 April 2019, View list of investments as at 31 January 2019, View list of investments as at 31 October 2018, View list of investments as at 31 July 2018, View list of investments as at 30 April 2018, View list of investments as at 31 January 2018, View list of investments as at 31 October 2017, View list of investments as at 31 July 2017, View list of investments as at 30 April 2017, View list of investments as at 31 January 2017, View list of investments as at 31 October 2016, View list of investments as at 31 July 2016, View list of investments as at 30 April 2016, View list of investments as at 31 January 2016, To record when a user has confirmed they accept the use of cookies on the site. View recent trades and share price information for Scottish Mortgage Investment Trust plc and other shares. For a full list of investments, click here. Click 'I Agree' to accept our use of cookies or continue using the site with essential cookies enabled only.I Agree. Over this period, the share price is up 106.50%. As of Aug 31 2020. Covid Superspreader Risk Is Linked to Restaurants, Gyms, Hotels, Deep-Freeze Hurdle Makes Pfizer’s Vaccine One for the Rich, Trump’s Main Obstacle in Flipping Georgia Vote Is a Republican, China and 14 Asian Nations to Sign World's Biggest Free-Trade Deal, Singapore to Introduce New Visa to Draw Top Global Tech Talent. That makes the Edinburgh-based investment-management firm the company’s largest shareholder behind co-founder and Chief Executive Officer Elon Musk with a stake across all its funds of about 6.3%. All markets data located on FT.com is subject to the. Other stocks among the fund’s top ten holdings have been beneficiaries of stay-at-home trends due to the Covid-19 pandemic, including e-commerce giants Amazon.com Inc. and Alibaba Group Holding Ltd., streaming group Netflix Inc., and food-delivery service provider Delivery Hero SE. Before it's here, it's on the Bloomberg Terminal. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Investors in Scottish Mortgage itself, meanwhile, may be tempted to trim their stakes following the fund’s outperformance, according to Stifel’s Iain Scouller. Risks to the fund’s valuation include a potential rotation to value stocks from growth and a change in U.S. policies on technology companies after November’s election, Scouller said. Tesla now accounts for about 11% of 12.8 billion pounds ($16.9 billion) in total assets, even though the fund trimmed its stake earlier this year. You can opt out of Google Analytics tracking by installing the browser add-on which is available here. Our privacy policy can be found via this link. Registered Office: 6 Albyn Place, Edinburgh, EH2 4NL. We look to add value over five year time frames, preferably much longer. To find out more about how Google handles information collected from Google Analytics, see Google Analytics’ privacy policy, which is available here. “Performance” cookies such as these collect information about how users navigate the website. These days the trust is Global rather than Scottish and has nothing whatsoever to do with mortgages.