Baillie Gifford Reduces Stake in The New York Times Company

Institutional investor cuts position in NYT by 3.8% in Q4 2025

Apr. 13, 2026 at 7:26am

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An extreme close-up of the complex, interlocking metal components of a large industrial printing press, conveying the physical and technological backbone of the modern media industry.Baillie Gifford's reduced stake in The New York Times Company reflects the ongoing challenges facing traditional media as they adapt to the digital age.NYC Today

Baillie Gifford & Co., a major institutional investor, reduced its stake in The New York Times Company (NYSE: NYT) by 3.8% during the fourth quarter of 2025, according to a recent SEC filing. The firm now owns 3,025,119 shares of the media company, worth approximately $210 million and representing 1.86% ownership.

Why it matters

As one of the largest shareholders, Baillie Gifford's decision to trim its position in The New York Times could signal a shift in investor sentiment around the company's future prospects. The move comes as the media industry continues to navigate the transition to digital and the challenges of building a sustainable subscription-based business model.

The details

According to the SEC filing, Baillie Gifford sold 120,855 shares of The New York Times Company during the fourth quarter, reducing its total position to 3,025,119 shares. The institutional investor had previously owned 1.86% of the company's outstanding stock.

  • Baillie Gifford reduced its stake in The New York Times Company during the fourth quarter of 2025.
  • The firm's previous SEC filing showed it owned 3,146,974 shares of NYT as of the end of the third quarter of 2025.

The players

Baillie Gifford & Co.

A major institutional investor and one of the largest shareholders of The New York Times Company.

The New York Times Company

A publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform.

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What they’re saying

“As tensions over autonomous vehicles escalate, a recent wave of targeted street vandalism exposes pent-up frustration with driverless technology.”

— Robert Jenkins, San Francisco resident

The takeaway

Baillie Gifford's decision to reduce its stake in The New York Times Company reflects the ongoing challenges facing traditional media companies as they navigate the shift to digital. The move underscores the need for The New York Times to continue innovating and adapting its business model to meet the evolving needs of readers and investors.