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to hold in one's arms (e.g. a baby); to embrace; to hug
to have (a thought or feeling); to hold; to harbour (suspicion, doubt, etc.); to harbor; to bear (a grudge, ill will, etc.); to entertain (hope, illusions, etc.); to cherish (e.g. an ambition)
「抱く」 has another reading with different meanings.
母が赤ちゃんを優しく抱いています。
The mother is gently holding the baby in her arms.
彼女は夢を抱いて上京した。
She moved to Tokyo with a dream in her heart.
その計画には最初から不安を抱いていたが口に出せなかった。
I had felt uneasy about the plan from the start but couldn't say it.