Baillie Gifford acquired 7.77M e.l.f. Beauty shares worth $1.04B. That's 0.75% of their equity portfolio (27th largest holding). The investor owns 14.68% of the outstanding e.l.f. Beauty stock. Baillie Gifford started to build up the position in e.l.f. Beauty in Q2 2024 and continued to invest until Q4 2024. Since then they sold 239k shares. The investor's estimated purchase price is $1.2B, resulting in a loss of 13%.