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| TIDM | USA |
| Share Price | 346.38p0.00% |
| Market Cap | £1.06bn |
Saba Capital Management, L.P. notified Baillie Gifford US Growth Trust PLC on August 21, 2025, of a passive change in its major holding due to the Company's share repurchases. As of August 20, 2025, Saba Capital Management, L.P. held a total of 84,019,921 voting rights, representing 30.020120% of the issuer's total. This total comprised 27.616781% in voting rights attached to shares and 2.403339% through financial instruments, up from a previous total holding of 29.297454%.
| Date | 21 Aug 2025 |
| Time | 16:30:30 |
| Category | Holding(s) in company |
| ID | 3200W |
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BDFGHW41
Issuer Name
BAILLIE GIFFORD US GROWTH TRUST PLC
Legal Entity Identifier: 213800UM1OUWXZPKE539
UK or Non-UK Issuer
UK
2. Reason for Notification
Other
Comments
No acquisition or disposal of in-scope securities has been made. Passive notification due to change to total voting rights of the Company due to Company's share repurchases.
3. Details of person subject to the notification obligation
Name
Saba Capital Management, L.P.
City of registered office (if applicable)
New York
Country of registered office (if applicable)
United States
4. Details of the shareholder
|
Name |
City of registered office |
Country of registered office |
|
Saba Capital Master Fund, Ltd. |
|
Cayman Islands |
|
Stone Ridge Archimedes Sub-Master (Red) LP |
|
United States |
|
Saba Capital Income & Opportunities Fund II |
|
United States |
|
Saba Capital CEF Special Opportunities Master Fund 2, Ltd. |
|
Cayman Islands |
|
Saba Capital CEF Opportunities 2, Ltd. |
|
Cayman Islands |
|
Saba Capital CEF Opportunities 1, Ltd. |
|
Cayman Islands |
|
Saba Capital Income & Opportunities Fund |
|
United States |
|
Saba Capital Bluebird Fund, Ltd. |
|
Cayman Islands |
|
Saba Capital Arcadia Master Fund, Ltd. |
|
Cayman Islands |
5. Date on which the threshold was crossed or reached
20-Aug-2025
6. Date on which Issuer notified
21-Aug-2025
7. Total positions of person(s) subject to the notification obligation
|
% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
|
|
Resulting situation on the date on which threshold was crossed or reached |
27.616781 |
2.403339 |
30.020120 |
84019921 |
|
Position of previous notification (if applicable) |
9.237515 |
20.059939 |
29.297454 |
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
|
GB00BDFGHW41 |
77293488 |
0 |
27.616781 |
0.000000 |
|
Sub Total 8.A |
77293488 |
27.616781% |
||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
|
|
|
|
|
|
|
Sub Total 8.B1 |
|
|
|
|
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
Total Return Swap |
11/28/2025 |
|
Cash |
6726433 |
2.403339 |
|
Sub Total 8.B2 |
|
6726433 |
2.403339% |
||
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
|
Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
|
Boaz Weinstein |
Saba Capital Management GP, LLC |
|
|
|
|
Saba Capital Management GP, LLC |
Saba Capital Management, L.P. |
|
|
30.020120% |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
21-Aug-2025
13. Place Of Completion
New York