SCHEDULE: Baillie Gifford Holds 4% Stake in Service Corp International

Baillie Gifford & Co reports a 4.0% beneficial ownership of Service Corp International's common stock as of June 30, 2026.

Summary

• Baillie Gifford & Co has filed a Schedule 13G, indicating their beneficial ownership of Service Corp International's common stock.
• As of June 30, 2026, Baillie Gifford & Co holds 5,553,823 shares, representing 4.0% of the class of securities.
• The filing confirms sole voting power over 4,317,735 shares and sole dispositive power over 5,553,823 shares.
• This filing is an amendment (No. 8) to a previous Schedule 13G.
• Baillie Gifford & Co is registered as an Investment Adviser and is organized in the United Kingdom.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, primarily indicating a significant but stable institutional holding without immediate strategic shifts.

Positives

• Significant institutional ownership by a reputable investment adviser (Baillie Gifford & Co).
• Clear disclosure of beneficial ownership, providing transparency to the market.
• The holding represents a stable, long-term investment rather than a short-term trading position, as indicated by the nature of a Schedule 13G filing.

Negatives

• No new strategic information or significant changes in ownership percentage are detailed, suggesting a status quo rather than a new development.
• The filing does not provide insights into the investment thesis or future intentions of Baillie Gifford & Co.

Risks

• Potential for future changes in Baillie Gifford & Co's stake, which could impact share price if significant buying or selling occurs.
• Dependence on the investment decisions of large institutional holders like Baillie Gifford & Co.

Future Outlook

This filing does not contain forward-looking statements or specific guidance from Service Corp International. It solely reports the ownership status of Baillie Gifford & Co.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ? 240.14a-11."
• "By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Investment Adviser is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s)."
• "I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D."

Industry Context

StockSavvy.ai notes that a Schedule 13G filing by a significant investment adviser like Baillie Gifford & Co. is common for institutional investors holding substantial stakes in publicly traded companies. It signifies a passive investment approach, distinct from activist investor filings (Schedule 13D).

Comparison to Industry Standards

• Institutional ownership percentages in the funeral services industry, where Service Corp International operates, typically range from 70% to 90% held by institutional investors.
• A 4.0% stake by a single entity like Baillie Gifford & Co. is a notable holding, often considered significant for a passive investor.
• Competitors such as StoneMor Inc. and Carriage Services also have substantial institutional ownership, though specific percentages vary and are subject to frequent change.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional holdings, potentially influencing investor confidence.
• Management: Awareness of a substantial passive investor, which may influence strategic considerations regarding shareholder value.

Next Steps

• Monitor future filings from Baillie Gifford & Co. for any changes in their beneficial ownership of Service Corp International.
• Observe Service Corp International's performance and strategic announcements for potential impacts on institutional investor sentiment.

Key Dates

Keywords

Service Corp International, Baillie Gifford & Co, Schedule 13G, Institutional Ownership, Common Stock, Investment Adviser, Beneficial Ownership