Baillie Gifford acquired 40.4M Petroleo Brasileiro S.A. Petrobras shares worth $493M. That's 0.35% of their equity portfolio (50th largest holding). The first Petroleo Brasileiro S.A. Petrobras trade was made in Q1 2013. Since then Baillie Gifford bought shares eighteen more times and sold shares on 21 occasions. The stake costed the investor $448M, netting the investor a gain of 10% so far.