Baillie Gifford, unlike a lot of their peers, are almost exclusively an equity shop, they have very little in the way of fixed income assets. If you look at the breakdown below almost three quarters of their assets are in Global/International equities. The vast majority of these assets will be benchmarked against a Global/Int. benchmark, of which Tesla is a constituent and a large constituent at that. Lots of Global/Int. equities under management and a strong conviction on Tesla means you end up having A LOT of Tesla across the firm, both in their various funds and portfolios for institutional clients.
EDIT: Not shitting on Baillie Gifford in any way, just stating the obvious.
Baillie Gifford, unlike a lot of their peers, are almost exclusively an equity shop, they have very little in the way of fixed income assets. If you look at the breakdown below almost three quarters of their assets are in Global/International equities. The vast majority of these assets will be benchmarked against a Global/Int. benchmark, of which Tesla is a constituent and a large constituent at that. Lots of Global/Int. equities under management and a strong conviction on Tesla means you end up having A LOT of Tesla across the firm, both in their various funds and portfolios for institutional clients.
EDIT: Not shitting on Baillie Gifford in any way, just stating the obvious.