Baillie Gifford acquired 25.5M Cloudflare shares worth $5.25B. That's 3.84% of their equity portfolio (7th largest holding). The investor owns 7.22% of the outstanding Cloudflare stock. The first Cloudflare trade was made in Q2 2020. Since then Baillie Gifford bought shares eight more times and sold shares on twelve occasions. The stake costed the investor $1.1B, netting the investor a gain of 378% so far.
Baillie Gifford Adjusts Stake in Cloudflare Inc