[SCHEDULE 13G] AeroVironment, Inc. SEC Filing

Rhea-AI Filing Summary

Baillie Gifford & Co filed a Schedule 13G for AeroVironment, Inc. (AVAV) covering the event date 30 June 2025. The Edinburgh-based investment adviser reports beneficial ownership of 1,938,638 ordinary shares, equal to 4.24 % of the company’s outstanding stock. The firm has sole voting power over 1,804,055 shares and sole dispositive power over the full 1.94 million-share position; no shares are held jointly.

Because the stake is below the 5 % threshold, Item 5 confirms “ownership of 5 percent or less of a class,” signalling that Baillie Gifford is no longer deemed a 5 % beneficial owner under SEC rules. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control. Signature by Manager Grant Meikle is dated 8 Aug 2025.

Key takeaways: continued but reduced institutional presence, no control intent disclosed, and sole discretionary authority retained by the filer.

Insights

Equity Portfolio Manager

TL;DR — Baillie Gifford holds 4.24 % of AVAV, slipping under 5 %, implying less regulatory oversight but still meaningful institutional backing.

The 13G shows Baillie Gifford’s position at 1.94 M shares. Falling under 5 % ends Schedule 13D obligations and lessens disclosure frequency, reducing perceived activism risk. However, its sole voting and dispositive control suggests the firm can still influence shareholder ballots proportionally. From a portfolio-flow perspective, a sub-5 % stake could free the manager to trade more flexibly without triggering filings, hinting at potential liquidity events. Impact is modest: AVAV retains a respected long-term holder, yet the symbolic loss of a 5 %+ backer may weigh marginally on sentiment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AeroVironment Inc

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

00B07310B

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 00B07310B

1

Names of Reporting Persons

BAILLIE GIFFORD & CO

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,804,055.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,938,698.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,938,698.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AeroVironment Inc
(b)	Address of issuer's principal executive offices: 241 18TH STREET SOUTH, SUITE 650, ARLINGTON, VIRGINIA, 22202
Item 2.
(a)	Name of person filing: Baillie Gifford & Co
(b)	Address or principal business office or, if none, residence: Calton Square 1 Greenside Row Edinburgh EH1 3AN Scotland UK
(c)	Citizenship: Scotland
(d)	Title of class of securities: Ordinary Shares
(e)	CUSIP No.: 00B07310B
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Investment Adviser
Item 4.	Ownership
(a)	Amount beneficially owned: 1,938,638
(b)	Percent of class: 4.24 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,804,055
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,938,638
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BAILLIE GIFFORD & CO

Signature:	Grant Meikle
Name/Title:	Manager
Date:	08/08/2025