In a significant portfolio shift, investment firm Baillie Gifford dramatically increased its stake in The Royal Bank of Canada. According to regulatory filings from August 6, 2026, which reflect trades made during the second quarter ending June 30, the firm's holdings surged from a mere 94 shares to over 3.58 million. This strategic accumulation boosted the reported value of their position from approximately $15,000 to over $740 million.
This move comes as The Royal Bank of Canada reported strong financial results for the second quarter of 2026, including a 25% year-over-year increase in net income. Investors should note that 13F filings are disclosed with a delay, meaning these trades occurred at some point during the prior quarter and do not represent a real-time transaction.