SCHEDULE: Baillie Gifford & Co. Maintains Significant Stake in Aurora Innovation

Baillie Gifford & Co. reported a 5.4% beneficial ownership stake in Aurora Innovation, Inc.'s Class A Common Stock as of September 30, 2025.

Summary

• Baillie Gifford & Co, an investment adviser based in the United Kingdom, is the reporting person.
• Aurora Innovation, Inc., with principal executive offices in Pittsburgh, Pennsylvania, is the issuer.
• The filing pertains to Class A Common Stock of Aurora Innovation, Inc., identified by CUSIP 051774907.
• As of September 30, 2025, Baillie Gifford & Co beneficially owns an aggregate of 82,132,074 shares.
• This ownership represents 5.4% of the Class A Common Stock.
• Baillie Gifford & Co holds sole voting power over 81,830,266 shares and sole dispositive power over 82,132,074 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a significant and stable institutional holding by Baillie Gifford & Co in Aurora Innovation, suggesting continued investor confidence. This is generally a positive signal, though the filing itself is a routine disclosure of ownership rather than a performance update.

Positives

• A major institutional investor, Baillie Gifford & Co, maintains a significant 5.4% stake in Aurora Innovation, indicating continued confidence in the company's long-term prospects.
• The holding is stated to be for investment purposes in the ordinary course of business, not for control, suggesting a stable, long-term investment perspective from a reputable asset manager.

Risks

• The filing does not explicitly detail specific risks related to Aurora Innovation's business operations. However, as an investment adviser, Baillie Gifford & Co's investment is inherently subject to market fluctuations and the general risks associated with Aurora Innovation's industry and business model.

Future Outlook

NA

Industry Context

This filing highlights continued institutional interest in Aurora Innovation, a company operating in the rapidly evolving and capital-intensive autonomous vehicle technology sector. Significant stakes by major investment advisers like Baillie Gifford can signal long-term growth potential to the market, despite the inherent risks and development timelines associated with the industry.

Stakeholder Impact

• Shareholders: The continued significant stake by a reputable institutional investor like Baillie Gifford & Co may instill confidence among existing shareholders and attract new investors, potentially supporting the stock price.
• Company Management: A large, stable institutional investor can provide a degree of stability and long-term focus, potentially influencing strategic decisions.

Key Dates

Keywords

Aurora Innovation, Baillie Gifford, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Autonomous Vehicles, Self-Driving Technology