In a significant move, Baillie Gifford reduced its holding in e-commerce giant Coupang by 34.74% during the second quarter of 2026, an estimated trade valued at $728 million. The firm still holds over 78.7 million shares worth $1.37 billion. This trade information comes from a delayed quarterly 13F filing with the SEC, reflecting transactions that occurred between March 31 and June 30, 2026.
A quarterly update from Baillie Gifford directly addressed the sale, stating the firm "reduced Coupang following its November 2025 data breach, which raised legitimate questions about execution, trust and future growth." This continues a trend of the investor trimming its position in recent quarters. The disclosure followed Coupang's second-quarter earnings report, where the company posted a large net loss, partly due to a $410 million regulatory fine.