In a quarterly disclosure filed in August 2026, investment manager Baillie Gifford revealed a significant reduction in its Rocket Lab holdings. The firm sold 8.05 million shares during the second quarter, cutting its position by nearly 44% to 10.38 million shares. This disclosure is based on a delayed 13F filing, reflecting trades made between April 1 and June 30, 2026, and does not represent a real-time trading event.
The sale occurred during a period of record performance for Rocket Lab, which reported a 62% year-over-year revenue increase and a record backlog. [1, 2, 3] The quarter was also marked by Rocket Lab's transformative announcement of its intent to acquire Iridium Communications, a deal valued at approximately $8 billion. [2] No specific motive for the reduction has been stated by Baillie Gifford.