Observed Signal · Feb 7, 2023 · Earnings Report · Source: Trending Topics · Impact: 4/5 · Sentiment: Negative
Baillie Gifford and Softbank Suffer Massive 2022 Tech Losses
The article details how two major technology investors were hit hard by the 2022 tech downturn. Baillie Gifford's assets under management fell by £100 billion, or roughly $120 billion, to £223 billion from £336 billion, while clients withdrew £20 billion. Tesla and Shopify stock declines were major contributors. Partner Nick Thomas stressed the firm's long-term, privately owned partnership structure as an advantage. SoftBank's Vision Funds also recorded heavy losses: Vision Fund 1 fell from $31.4 billion invested to a $19.9 billion value, while Vision Fund 2 dropped from $48.3 billion to $30.7 billion, a combined $28.2 billion loss. SoftBank reported a $5.8 billion loss in Q4 2022 and a $10 billion loss in Q3 2022. Key drags included Didi and WeWork. SoftBank said it is in "defense mode" and preparing for three possible market scenarios.
Major tech investor losses of this scale signal a broad funding downturn; SoftBank is a significant investor in AdTech (e.g., Adverity), so capital availability for the sector is directly impacted.
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Key Takeaways & Evidence Grounding
- Baillie Gifford's assets under management fell by £100 billion (about $120 billion) in 2022, from £336 billion to £223 billion.
- Baillie Gifford clients withdrew £20 billion during 2022, with Tesla and Shopify stock declines contributing heavily.
- SoftBank Vision Fund 1's portfolio value fell from $31.4 billion invested to $19.9 billion.
- SoftBank Vision Fund 2's portfolio value fell from $48.3 billion invested to $30.7 billion, creating a combined $28.2 billion loss across both funds.
- SoftBank reported a $5.8 billion loss in Q4 2022 and a $10 billion loss in Q3 2022, and said it is in "defense mode".
Connected Companies & Entities
7 Entities mapped“Baillie Gifford, der berühmte schottische Investor von Tesla, Amazon, Spotify oder Climeworks, steht Anfang 2023 ziemlich angeschlagen....”
“2022 hat auch einen anderen Tech-Großinvestor ziemlich hart erwischt: Softbank....”
“besonders hart haben die Wertverluste der Tesla- und der Shopify-Aktien beigetragen....”
“Baillie Gifford, der berühmte schottische Investor von Tesla, Amazon, Spotify oder Climeworks, steht Anfang 2023 ziemlich angeschlagen....”
“Mit dem Vision Fund haben die Japaner ... unter anderem in Adverity in Österreich investiert....”
“Baillie Gifford, der berühmte schottische Investor von Tesla, Amazon, Spotify oder Climeworks, steht Anfang 2023 ziemlich angeschlagen....”
“besonders hart haben die Wertverluste der Tesla- und der Shopify-Aktien beigetragen....”
Ontology Mapping & Concepts
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Analyst calls: Nvidia, SpaceX, Apple, Tesla, Marvell, Flutter, Micron
The article reports a series of analyst rating changes and price target adjustments from major financial institutions on Wednesday, October 7, 2026. Notable upgrades include UBS upgrading Invesco to Buy, Morgan Stanley upgrading Nexa Resources to Overweight, and Citi upgrading Flutter to Buy. TD Cowen upgraded Marvell to Buy following its investor day, and DA Davidson reiterated a Buy on Micron, raising its price target significantly. Yorkville Ives initiated coverage on Nvidia and Apple with Outperform ratings. The report also includes reiterations and initiations on companies like Tesla, Abbott Labs, and SailPoint. These calls reflect analyst views on valuation, growth prospects, and market opportunities.
NYSE Parent ICE and OKX Plan 24/7 Tokenized Stock Trading
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Deutsche Telekom Targets €2.5B AI Cost Savings by 2030
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