Baillie Gifford acquired 30.1 Million Cloudflare shares worth $2.17 Billion. That's 1.70% of their equity portfolio (15th largest holding). The investor owns 9.82% of the outstanding Cloudflare stock. The first Cloudflare trade was made in Q2 2020. Since then Baillie Gifford bought shares seven more times and sold shares on eight occasions. The stake costed the investor $1.22 Billion, netting the investor a gain of 78% so far.