Baillie Gifford Trims Stake in T. Rowe Price Group

Asset manager reduces position in financial firm by 2.3% in Q4

Apr. 14, 2026 at 7:35am

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Baillie Gifford & Co. reduced its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 2.3% in the fourth quarter, according to a recent SEC filing. The fund now owns 482,941 shares of the asset manager's stock, worth $49.4 million as of the end of 2025.

Why it matters

T. Rowe Price is one of the largest independent asset management firms in the world, with over $1.3 trillion in assets under management. Changes in ownership by major institutional investors like Baillie Gifford can signal shifts in market sentiment or portfolio positioning.

The details

Baillie Gifford sold 11,166 shares of T. Rowe Price stock during the fourth quarter. The firm now owns a 0.22% stake in the company. Other large investors, including Northern Trust Corp, Dimensional Fund Advisors, and Caisse de dépôt et placement du Québec, also hold significant positions in T. Rowe Price.

  • Baillie Gifford filed the 13F report disclosing the stake reduction on April 14, 2026.
  • The share sale occurred during the fourth quarter of 2025.

The players

Baillie Gifford & Co.

A global investment management firm headquartered in Edinburgh, Scotland, with over $450 billion in assets under management.

T. Rowe Price Group, Inc.

A global asset management firm based in Baltimore, Maryland, with over $1.3 trillion in assets under management.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

This filing highlights the ongoing shifts in institutional ownership of major financial firms like T. Rowe Price, as large asset managers adjust their portfolios in response to market conditions and investment outlooks.