Baillie Gifford acquired 27.4 Million Cloudflare shares worth $3.41 Billion. That's 2.81% of their equity portfolio (11th largest holding). The investor owns 7.91% of the outstanding Cloudflare stock. The first Cloudflare trade was made in Q2 2020. Since then Baillie Gifford bought shares eight more times and sold shares on eleven occasions. The stake costed the investor $1.18 Billion, netting the investor a gain of 189% so far.