# Portfolio overlap — THGIX vs BTLSX

Comparing **Thornburg International Growth Fund** (2026-03-31) and **Baillie Gifford International Concentrated Growth Equities Fund** (2026-03-31).

- Shared positions: 9
- Thornburg International Growth Fund covered by Baillie Gifford International Concentrated Growth Equities Fund: 0.3124354428384920608916777577
- Baillie Gifford International Concentrated Growth Equities Fund covered by Thornburg International Growth Fund: 0.3124354428384920608916777578

## Thornburg International Growth Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.119881 | ✓ |
| TENCENT HOLDINGS LTD | 0.070655 | ✓ |
| ASTRAZENECA PLC | 0.045468 |  |
| ASML Holding NV | 0.044353 | ✓ |
| MASTERCARD INC CL A | 0.041897 |  |
| HOYA CORP | 0.040020 |  |
| Thornburg Capital Management Fund | 0.038414 |  |
| FERRARI NV | 0.029895 | ✓ |
| LONZA GROUP -REG | 0.029664 |  |
| ROLLS-ROYCE HOLDINGS PLC | 0.026451 |  |
| ADV MICRO DEVICE | 0.023937 |  |
| ASM INTL NV | 0.023043 |  |
| BE SEMICONDUCTOR | 0.022158 |  |
| MERCADOLIBRE INC | 0.021647 | ✓ |
| SHOPIFY INC CL A | 0.021556 | ✓ |
| L'Air Liquide, societe anonyme pour l'Etude et l'Exploitation des procedes Georges Claude | 0.021058 |  |
| DIPLOMA PLC COMMON STOCK | 0.020212 |  |
| SEA LTD ADR | 0.019915 | ✓ |
| ARISTA NETWORKS INC | 0.017598 |  |
| DEUTSCHE BOERSE | 0.017278 |  |
| SAMSUNG ELECTRONICS CO LTD | 0.017159 |  |
| SCHNEIDER ELECTR | 0.016084 |  |
| BNP PARIBAS | 0.015353 |  |
| E.ON SE | 0.015122 |  |
| JAPAN EXCHANGE G | 0.014996 |  |
| MTU AERO ENGINES | 0.014863 |  |
| VEND MARKE CL-B | 0.014625 |  |
| ALCON INC | 0.014172 |  |
| NOMURA RESEARCH | 0.013714 |  |
| SMG Swiss Marketplace Group Holding AG | 0.013452 |  |
| AERCAP HOLDINGS NV | 0.013253 |  |
| ICICI BANK LTD | 0.012970 |  |
| THALES SA | 0.012451 |  |
| BRUNELLO CUCINEL | 0.011792 |  |
| B3 SA | 0.011459 |  |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.010266 | ✓ |
| CELLEBRITE DI LTD | 0.010023 |  |
| NITTO BOSEKI CO | 0.009727 |  |
| PB FINTECH LTD | 0.009422 |  |
| LOTTOMATICA GROU | 0.009255 |  |
| MONEY FORWARD IN | 0.009070 |  |
| FAIRFAX INDI-SVS | 0.007659 |  |
| KANZHUN LTD CL A ADR | 0.006503 |  |
| Receive CONTEMPORARY A-A Pay Overnight Rate -1 | 0.005130 |  |
| WISE PLC - A | 0.005086 | ✓ |
| ZHONGJI INNOLI-A | 0.004893 |  |
| GLOBANT SA | 0.004614 |  |
| BIOARCTIC AB | 0.001789 |  |

## Baillie Gifford International Concentrated Growth Equities Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.143180 | ✓ |
| MERCADOLIBRE INC | 0.095215 | ✓ |
| SPOTIFY TECHNOLOGY SA | 0.083232 |  |
| ASML Holding NV | 0.059787 | ✓ |
| NVIDIA CORP | 0.045720 |  |
| ADYEN NV | 0.043343 |  |
| SHOPIFY INC CL A | 0.039858 | ✓ |
| TENCENT HOLDINGS LTD | 0.039837 | ✓ |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.039036 | ✓ |
| FERRARI NV | 0.036854 | ✓ |
| SEA LTD ADR | 0.036338 | ✓ |
| Hermes International SCA | 0.033904 |  |
| BYD COMPANY LTD H | 0.031138 |  |
| WISE PLC - A | 0.028461 | ✓ |
| COUPANG INC A | 0.028067 |  |
| PDD HOLDINGS INC ADR | 0.027663 |  |
| MEITUAN-W | 0.027019 |  |
| KERING | 0.025216 |  |
| L'OREAL SA ORD | 0.022390 |  |
| ATLAS COPCO-B | 0.022081 |  |
| MODERNA INC | 0.016448 |  |
| DELIVERY HERO SE | 0.015669 |  |
| EXAIL TECHNOLOGI | 0.015006 |  |
| BIONTECH SE ADR | 0.013613 |  |
| OCADO GROUP PLC | 0.010598 |  |
| M3 INC COMMON STOCK | 0.007871 |  |
| KINNEVIK AB - B | 0.006884 |  |
| NOVO NORDISK-B | 0.005568 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-051179` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/816153/000141036826051179/0001410368-26-051179-index.htm>
- N-PORT (fund B) — accession `0000940400-26-020563` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1120543/000094040026020563/0000940400-26-020563-index.htm>

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