13F-HR 1 edg05021.txt 13F-HR 1 12/31/03 0001088875 d5qeit@b NONE Patricia Law +44 131 275 3034 patricia.law@bailliegifford.com 13F-HR Form 13F Holding Report UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington DC 20549 FORM 13F FORM 13F COVER PAGE Report for the Quarter Ended: December 31, 2003 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.):[ ] is a restatement. [ ] adds new holding entries Institutional Investment Manager Filing this Report: Name : Baillie Gifford & Co Address: Calton Square 1 Greenside Row EDINBURGH EH1 3AN SCOTLAND UK 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorised to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables , are considered integral parts of this form. Person signing this report on behalf of Reporting Manager: Name : Robin Menzies Title : Partner Phone : +44 131 275 2770 Signature, Place and Date of Signing: Robin Menzies, Edinburgh, 9th February 2004 Report type (Check only one.): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCAHNGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary : Number of Other Included Managers: 3 Form 13F Information Table Entry Total : 241 Form 13F Information Table Value Total : $4 092 533 000 List of Other Included Managers: No. 13F File Number Name 01 Baillie Gifford & Co Limited 02 Baillie Gifford Overseas Limited 03 Baillie Gifford Life Limited VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- x$1000 PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE D AIG COM 026874107 46 690 SH DEFINED 02 690 0 0 D AJ Gallagher & Co COM 571748102 6498 200000 SH SOLE 200000 0 0 D AJ Gallagher & Co COM 571748102 1176 36195 SH DEFINED 01 36195 0 0 D AJ Gallagher & Co COM 571748102 812 25000 SH DEFINED 02 25000 0 0 D Altria Group COM 02209S10 153205 2815240 SH SOLE 2736245 0 78995 D Altria Group COM 02209S10 10130 186151 SH DEFINED 01 186151 0 0 D Altria Group COM 02209S10 19366 355866 SH DEFINED 03 355866 0 0 D Altria Group COM 02209S10 5956 109444 SH DEFINED 02 109444 0 0 D Ambev ADR COM 20441W203 4056 159000 SH SOLE 159000 0 0 D Ambev ADR COM 20441W203 8306 325607 SH DEFINED 01 325607 0 0 D Ambev ADR COM 20441W203 19648 770200 SH DEFINED 02 538700 0 231500 D America Movil S A De C V ADR COM 02364W105 4506 164800 SH SOLE 164800 0 0 D America Movil S A De C V ADR COM 02364W105 15209 556283 SH DEFINED 01 556283 0 0 D America Movil S A De C V ADR COM 02364W105 43484 1590500 SH DEFINED 02 978400 0 612100 D Analog Devices COM 03265410 2147 47031 SH DEFINED 01 47031 0 0 D Analog Devices COM 03265410 39 850 SH DEFINED 02 850 0 0 D Applied Materials COM 38222105 24 1080 SH DEFINED 02 1080 0 0 D Automatic Data Processing COM 053015103 39570 999000 SH SOLE 999000 0 0 D Automatic Data Processing COM 053015103 4756 120068 SH DEFINED 01 120068 0 0 D Automatic Data Processing COM 053015103 5743 145000 SH DEFINED 03 145000 0 0 D Automatic Data Processing COM 053015103 1428 36040 SH DEFINED 02 36040 0 0 D Banco Itau ADR COM 059602201 8271 169600 SH DEFINED 02 33600 0 136000 D Banco Santander Chile ADR COM 05965X109 51 2140 SH SOLE 2140 0 0 D Banco Santander Chile ADR COM 05965X109 265 11164 SH DEFINED 01 11164 0 0 D Banco Santander Chile ADR COM 05965X109 433 18196 SH DEFINED 02 17470 0 726 D Berkshire Hathaway COM 084670207 10796 3835 SH SOLE 3835 0 0 D Berkshire Hathaway COM 084670207 2770 984 SH DEFINED 01 984 0 0 D Berkshire Hathaway COM 084670207 3983 1415 SH DEFINED 03 1415 0 0 D Berkshire Hathaway COM 084670207 749 266 SH DEFINED 02 266 0 0 D Biomet Inc COM 090613100 964 26606 SH DEFINED 01 26606 0 0 D Biomet Inc COM 090613100 40 1100 SH DEFINED 02 1100 0 0 D Burlington Resources COM 122014103 84170 1519864 SH SOLE 1469289 0 50575 D Burlington Resources COM 122014103 3296 59520 SH DEFINED 01 59520 0 0 D Burlington Resources COM 122014103 8825 159360 SH DEFINED 03 159360 0 0 D Burlington Resources COM 122014103 2553 46100 SH DEFINED 02 46100 0 0 D Carnival Corp COM 143658102 714 17963 SH SOLE 0 0 17963 D Citigroup COM 172967101 87 1790 SH DEFINED 02 1790 0 0 D Clear Channel Communications COM 184502102 2666 56933 SH DEFINED 01 56933 0 0 D Cmph.Vale Do Rio Doce ADR COM 204412209 2539 43400 SH SOLE 43400 0 0 D Cmph.Vale Do Rio Doce ADR COM 204412209 5745 98200 SH DEFINED 02 25000 0 73200 D Comcast Special 'A' COM 20030N200 34 1090 SH DEFINED 02 1090 0 0 D Companhia Vale do Rio Doce ADR COM 204412100 5378 104400 SH SOLE 104400 0 0 D Companhia Vale do Rio Doce ADR COM 204412100 2462 47800 SH DEFINED 01 47800 0 0 D Companhia Vale do Rio Doce ADR COM 204412100 52625 1021641 SH DEFINED 02 392741 0 628900 D Cox Radio COM 22405110 53 2100 SH DEFINED 02 2100 0 0 D Dell Computer COM 247025109 42 1250 SH DEFINED 02 1250 0 0 D Dover COM 260003108 60 1500 SH DEFINED 02 1500 0 0 D Duke Realty Corporation COM 264411505 69196 2232129 SH SOLE 2129766 0 102363 D Duke Realty Corporation COM 264411505 2658 85734 SH DEFINED 01 85734 0 0 D Duke Realty Corporation COM 264411505 7165 231141 SH DEFINED 03 231141 0 0 D Duke Realty Corporation COM 264411505 1093 35261 SH DEFINED 02 35261 0 0 D EOG Resources COM 26875P101 18228 394800 SH SOLE 394800 0 0 D EOG Resources COM 26875P101 2120 45925 SH DEFINED 02 45925 0 0 D Ecolab COM 278865100 33 1200 SH DEFINED 02 1200 0 0 D Eli Lilly COM 532457108 97235 1382557 SH SOLE 1345093 0 37464 D Eli Lilly COM 532457108 6685 95058 SH DEFINED 01 95058 0 0 D Eli Lilly COM 532457108 11789 167628 SH DEFINED 03 167628 0 0 D Eli Lilly COM 532457108 2753 39146 SH DEFINED 02 39146 0 0 D Exxon Mobil COM 30231G102 119 2900 SH DEFINED 02 2900 0 0 D Fannie Mae COM 313586109 1422 18945 SH DEFINED 01 18945 0 0 D Fifth Third Bancorp COM 316773100 41 700 SH DEFINED 02 700 0 0 D Freddie Mac COM 313400301 44180 757539 SH SOLE 757539 0 0 D Freddie Mac COM 313400301 4315 73985 SH DEFINED 01 73985 0 0 D Freddie Mac COM 313400301 7593 130188 SH DEFINED 03 130188 0 0 D Freddie Mac COM 313400301 2117 36295 SH DEFINED 02 36295 0 0 D Gazprom ADR COM 368278207 15151 584981 SH SOLE 584981 0 0 D Gazprom ADR COM 368278207 12007 463610 SH DEFINED 01 463610 0 0 D Gazprom ADR COM 368278207 24115 931074 SH DEFINED 02 735874 0 195200 D General Electric COM 369604103 1053 33988 SH DEFINED 01 33988 0 0 D General Electric COM 369604103 97 3130 SH DEFINED 02 3130 0 0 D Gillette COM 375766102 69372 1888698 SH SOLE 1803721 0 84977 D Gillette COM 375766102 2872 78179 SH DEFINED 01 78179 0 0 D Gillette COM 375766102 6737 183406 SH DEFINED 03 183406 0 0 D Gillette COM 375766102 1114 30328 SH DEFINED 02 30328 0 0 D Golden West Financial COM 381317106 234451 2272031 SH SOLE 2223291 0 48740 D Golden West Financial COM 381317106 12198 118208 SH DEFINED 01 118208 0 0 D Golden West Financial COM 381317106 24521 237630 SH DEFINED 03 237630 0 0 D Golden West Financial COM 381317106 4816 46667 SH DEFINED 02 46667 0 0 D H&R Block COM 09367110 12092 218394 SH SOLE 218394 0 0 D H&R Block COM 09367110 2947 53231 SH DEFINED 01 53231 0 0 D H&R Block COM 09367110 3189 57600 SH DEFINED 03 57600 0 0 D H&R Block COM 09367110 53 960 SH DEFINED 02 960 0 0 D Hershey Foods COM 427866108 65728 853716 SH SOLE 813697 0 40019 D Hershey Foods COM 427866108 2875 37339 SH DEFINED 01 37339 0 0 D Hershey Foods COM 427866108 6569 85317 SH DEFINED 03 85317 0 0 D Hershey Foods COM 427866108 1072 13925 SH DEFINED 02 13925 0 0 D ICICI Bank ADR COM 45104G104 1034 60200 SH SOLE 60200 0 0 D ICICI Bank ADR COM 45104G104 122 7100 SH DEFINED 02 7100 0 0 D Integra Sys.(U$) COM 45811M105 0 45802 SH SOLE 45802 0 0 D Iron Mountain COM 462846106 23028 582400 SH SOLE 582400 0 0 D Iron Mountain COM 462846106 2464 62304 SH DEFINED 01 62304 0 0 D Iron Mountain COM 462846106 2965 75000 SH DEFINED 03 75000 0 0 D Iron Mountain COM 462846106 847 21430 SH DEFINED 02 21430 0 0 D Jacuzzi Brands Inc. COM 912080108 2 241 SH SOLE 0 0 241 D Johnson & Johnson COM 478160104 1127 21813 SH DEFINED 01 21813 0 0 D Johnson & Johnson COM 478160104 52 1010 SH DEFINED 02 1010 0 0 D Lamar Advertising Co COM 512815101 2520 67533 SH DEFINED 01 67533 0 0 D Lamar Advertising Co COM 512815101 62 1650 SH DEFINED 02 1650 0 0 D M&T Bank COM 55261F104 121655 1237584 SH SOLE 1198514 0 39070 D M&T Bank COM 55261F104 4935 50200 SH DEFINED 01 50200 0 0 D M&T Bank COM 55261F104 13418 136497 SH DEFINED 03 136497 0 0 D M&T Bank COM 55261F104 2369 24103 SH DEFINED 02 24103 0 0 D Marsh & McLennan COM 571748102 83755 1748904 SH SOLE 1708114 0 40790 D Marsh & McLennan COM 571748102 5066 105788 SH DEFINED 01 105788 0 0 D Marsh & McLennan COM 571748102 8230 171850 SH DEFINED 03 171850 0 0 D Marsh & McLennan COM 571748102 1915 39990 SH DEFINED 02 39990 0 0 D Merck COM 589331107 9745 210921 SH SOLE 210921 0 0 D Merck COM 589331107 1448 31345 SH DEFINED 01 31345 0 0 D Merck COM 589331107 2267 49070 SH DEFINED 03 49070 0 0 D Merck COM 589331107 780 16880 SH DEFINED 02 16880 0 0 D Microchip Technology COM 595017104 30603 917084 SH SOLE 917084 0 0 D Microchip Technology COM 595017104 3212 96250 SH DEFINED 01 96250 0 0 D Microchip Technology COM 595017104 3103 93000 SH DEFINED 03 93000 0 0 D Microchip Technology COM 595017104 1250 37455 SH DEFINED 02 37455 0 0 D Microsoft COM 594918104 58024 2119993 SH SOLE 2049993 0 70000 D Microsoft COM 594918104 5222 190805 SH DEFINED 01 190805 0 0 D Microsoft COM 594918104 7308 267010 SH DEFINED 03 267010 0 0 D Microsoft COM 594918104 1572 57430 SH DEFINED 02 57430 0 0 D Mobile Telesystems ADR COM 607409109 580 7000 SH SOLE 7000 0 0 D Mobile Telesystems ADR COM 607409109 3105 37500 SH DEFINED 01 37500 0 0 D Mobile Telesystems ADR COM 607409109 6897 83300 SH DEFINED 02 61600 0 21700 D Mohawk Industries COM 60819010 90290 1279986 SH SOLE 1244536 0 35450 D Mohawk Industries COM 60819010 5349 75827 SH DEFINED 01 75827 0 0 D Mohawk Industries COM 60819010 10705 151760 SH DEFINED 03 151760 0 0 D Mohawk Industries COM 60819010 2167 30720 SH DEFINED 02 30720 0 0 D Molex 'A' Share COM 608554200 11308 385814 SH SOLE 385814 0 0 D Molex 'A' Share COM 608554200 3195 108997 SH DEFINED 01 108997 0 0 D Molex 'A' Share COM 608554200 2932 100030 SH DEFINED 03 100030 0 0 D Molex 'A' Share COM 608554200 1105 37700 SH DEFINED 02 37700 0 0 D Moodys Corp COM 615369105 147739 2439946 SH SOLE 2375896 0 64050 D Moodys Corp COM 615369105 10072 166340 SH DEFINED 01 166340 0 0 D Moodys Corp COM 615369105 17997 297227 SH DEFINED 03 297227 0 0 D Moodys Corp COM 615369105 3502 57840 SH DEFINED 02 57840 0 0 D Morgan Stanley Dean Witter COM 617446448 39 670 SH DEFINED 02 670 0 0 D Noranda COM 655422103 29420 1850069 SH DEFINED 02 613669 0 1236400 D Omnicom (U$) COM 681919106 169185 1937308 SH SOLE 1887857 0 49451 D Omnicom (U$) COM 681919106 8761 100317 SH DEFINED 01 100317 0 0 D Omnicom (U$) COM 681919106 17743 203170 SH DEFINED 03 203170 0 0 D Omnicom (U$) COM 681919106 4334 49627 SH DEFINED 02 49627 0 0 D Oracle Corp COM 68389X105 28 2150 SH DEFINED 02 2150 0 0 D Patterson Dental COM 70341210 13118 205000 SH SOLE 205000 0 0 D Patterson Dental COM 70341210 3535 55245 SH DEFINED 01 55245 0 0 D Patterson Dental COM 70341210 4351 68000 SH DEFINED 03 68000 0 0 D Patterson Dental COM 70341210 1026 16030 SH DEFINED 02 16030 0 0 D Pepsico COM 713448108 2862 61384 SH SOLE 61384 0 0 D Pepsico COM 713448108 2642 56664 SH DEFINED 01 56664 0 0 D Pepsico COM 713448108 2448 52500 SH DEFINED 03 52500 0 0 D Pepsico COM 713448108 604 12950 SH DEFINED 02 12950 0 0 D Petrobras ADR COM 71654V408 23968 819711 SH SOLE 819711 0 0 D Petrobras ADR COM 71654V408 21064 720385 SH DEFINED 01 720385 0 0 D Petrobras ADR COM 71654V408 47635 1629112 SH DEFINED 02 1306812 0 322300 D Petrobras Pn ADR COM 71654V101 18551 695830 SH SOLE 695830 0 0 D Petrobras Pn ADR COM 71654V101 1581 59300 SH DEFINED 01 59300 0 0 D Petrobras Pn ADR COM 71654V101 66804 2505772 SH DEFINED 02 1100772 0 1405000 D Pfizer COM 717081103 122036 3454182 SH SOLE 3376694 0 77488 D Pfizer COM 717081103 7596 214993 SH DEFINED 01 214993 0 0 D Pfizer COM 717081103 13497 382030 SH DEFINED 03 382030 0 0 D Pfizer COM 717081103 3231 91440 SH DEFINED 02 91440 0 0 D Praxair COM 74005P104 2015 52750 SH DEFINED 01 52750 0 0 D Praxair COM 74005P104 38 1000 SH DEFINED 02 1000 0 0 D Precision Drilling COM 74022D100 25316 576498 SH DEFINED 02 186410 0 390088 D Progressive COM 743315103 15573 186298 SH SOLE 186298 0 0 D Progressive COM 743315103 2181 26092 SH DEFINED 01 26092 0 0 D Progressive COM 743315103 3087 36930 SH DEFINED 03 36930 0 0 D Progressive COM 743315103 731 8750 SH DEFINED 02 8750 0 0 D Public Storage US Prop.Tst. COM 74460D109 0 434.709 SH SOLE 434.709 0 0 D Royal Bank of Canada COM 780087102 18467 386165 SH DEFINED 02 160685 0 225480 D Ryanair ADR COM 783513104 52791 1042060 SH DEFINED 02 424344 0 617716 D Shaw Communications 'B' COM 82028K200 21002 1345610 SH DEFINED 02 475990 0 869620 D State Str.Boston COM 857477103 38796 744938 SH SOLE 744938 0 0 D State Str.Boston COM 857477103 4591 88161 SH DEFINED 01 88161 0 0 D State Str.Boston COM 857477103 5208 100000 SH DEFINED 03 100000 0 0 D State Str.Boston COM 857477103 1728 33185 SH DEFINED 02 33185 0 0 D Suncor Energy COM 867229106 77063 3064023 SH SOLE 3064023 0 0 D Suncor Energy COM 867229106 5330 211903 SH DEFINED 01 211903 0 0 D Suncor Energy COM 867229106 6460 256860 SH DEFINED 03 256860 0 0 D Suncor Energy COM 867229106 58498 2326059 SH DEFINED 02 734520 0 1591539 D T Rowe Price COM 74144T108 67355 1420686 SH SOLE 1380846 0 39840 D T Rowe Price COM 74144T108 4803 101304 SH DEFINED 01 101304 0 0 D T Rowe Price COM 74144T108 7811 164750 SH DEFINED 03 164750 0 0 D T Rowe Price COM 74144T108 1461 30820 SH DEFINED 02 30820 0 0 D TJX Companies COM 87254010 20402 925242 SH SOLE 925242 0 0 D TJX Companies COM 87254010 3553 161131 SH DEFINED 01 161131 0 0 D TJX Companies COM 87254010 3693 167500 SH DEFINED 03 167500 0 0 D TJX Companies COM 87254010 889 40300 SH DEFINED 02 40300 0 0 D TV Azteca ADR COM 901145102 942 103500 SH SOLE 103500 0 0 D TV Azteca ADR COM 901145102 3392 372700 SH DEFINED 01 372700 0 0 D TV Azteca ADR COM 901145102 12543 1378300 SH DEFINED 02 955400 0 422900 D Taro Pharmaceutical Industries COM M8737E108 3644 56500 SH SOLE 56500 0 0 D Taro Pharmaceutical Industries COM M8737E108 6573 101900 SH DEFINED 01 101900 0 0 D Taro Pharmaceutical Industries COM M8737E108 26400 409300 SH DEFINED 02 269100 0 140200 D Tele Norte Leste Participacoes COM 879246106 16172 1048100 SH SOLE 1048100 0 0 D Tele Norte Leste Participacoes COM 879246106 12927 837804 SH DEFINED 01 837804 0 0 D Tele Norte Leste Participacoes COM 879246106 78409 5081600 SH DEFINED 02 2509500 0 2572100 D Telesp Celular ADR COM 879238103 2500 380000 SH DEFINED 02 90000 0 290000 D Teva Pharmaceutical Industries COM 881624209 20570 362730 SH SOLE 362730 0 0 D Teva Pharmaceutical Industries COM 881624209 6953 122600 SH DEFINED 01 122600 0 0 D Teva Pharmaceutical Industries COM 881624209 65607 1156880 SH DEFINED 02 444980 0 711900 D Tiffany & Co COM 88654710 108051 2390501 SH SOLE 2322551 0 67950 D Tiffany & Co COM 88654710 5671 125458 SH DEFINED 01 125458 0 0 D Tiffany & Co COM 88654710 11356 251230 SH DEFINED 03 251230 0 0 D Tiffany & Co COM 88654710 2129 47100 SH DEFINED 02 47100 0 0 D US Properties COM 91239P106 0 42347 SH SOLE 42347 0 0 D Unibanco Gdr COM 90458E107 666 26700 SH SOLE 26700 0 0 D Unibanco Gdr COM 90458E107 3491 139900 SH DEFINED 01 139900 0 0 D Unibanco Gdr COM 90458E107 5661 226900 SH DEFINED 02 166300 0 60600 D United Microelectronics ADR COM 910873207 5549 1120961 SH SOLE 356000 0 764961 D United Microelectronics ADR COM 910873207 5608 1133000 SH DEFINED 01 1133000 0 0 D United Microelectronics ADR COM 910873207 6893 1392500 SH DEFINED 02 1392500 0 0 D Ventana Med.Sys. COM 92276H106 128 3240 SH DEFINED 02 3240 0 0 D Verizon Communications COM 92343V104 38 1090 SH DEFINED 02 1090 0 0 D Viacom B COM 925524308 45 1020 SH DEFINED 02 1020 0 0 D Vimpelcom ADR COM 927185AA6 647 8800 SH SOLE 8800 0 0 D Vimpelcom ADR COM 927185AA6 3381 46000 SH DEFINED 01 46000 0 0 D Vimpelcom ADR COM 927185AA6 7335 99800 SH DEFINED 02 75800 0 24000 D Wal-Mart Stores COM 931142103 4333 81670 SH SOLE 81670 0 0 D Wal-Mart Stores COM 931142103 1902 35851 SH DEFINED 01 35851 0 0 D Wal-Mart Stores COM 931142103 78 1470 SH DEFINED 02 1470 0 0 D Walgreen COM 931422109 93915 2581502 SH SOLE 2518492 0 63010 D Walgreen COM 931422109 5835 160398 SH DEFINED 01 160398 0 0 D Walgreen COM 931422109 10772 296091 SH DEFINED 03 296091 0 0 D Walgreen COM 931422109 2391 65725 SH DEFINED 02 65725 0 0 D Weight Watchers Intl. COM 948626106 345 9000 SH SOLE 9000 0 0 D Weight Watchers Intl. COM 948626106 1261 32865 SH DEFINED 01 32865 0 0 D Weight Watchers Intl. COM 948626106 29 760 SH DEFINED 02 760 0 0 D Wellpoint Health Networks COM 94973H108 151048 1557355 SH SOLE 1515137 0 42218 D Wellpoint Health Networks COM 94973H108 7482 77147 SH DEFINED 01 77147 0 0 D Wellpoint Health Networks COM 94973H108 15953 164478 SH DEFINED 03 164478 0 0 D Wellpoint Health Networks COM 94973H108 3012 31051 SH DEFINED 02 31051 0 0 D Wendy's International Inc COM 950590109 89066 2269782 SH SOLE 2188922 0 80860 D Wendy's International Inc COM 950590109 4659 118730 SH DEFINED 01 118730 0 0 D Wendy's International Inc COM 950590109 10167 259100 SH DEFINED 03 259100 0 0 D Wendy's International Inc COM 950590109 1864 47500 SH DEFINED 02 47500 0 0 D Wrigley COM 982526105 72599 1291564 SH SOLE 1254736 0 36828 D Wrigley COM 982526105 3659 65091 SH DEFINED 01 65091 0 0 D Wrigley COM 982526105 7121 126687 SH DEFINED 03 126687 0 0 D Wrigley COM 982526105 1372 24410 SH DEFINED 02 24410 0 0 D Wyeth COM 98302410 80647 1899817 SH SOLE 1846607 0 53210 D Wyeth COM 98302410 7479 176188 SH DEFINED 01 176188 0 0 D Wyeth COM 98302410 10331 243360 SH DEFINED 03 243360 0 0 D Wyeth COM 98302410 2541 59870 SH DEFINED 02 59870 0 0 S REPORT SUMMARY 3 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED