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Carmignac Gestion

Carmignac Gestion Portfolio holdings

AUM $7.71B Turnover 49.25%
1-Year Est. Return 4.02%
This Fund
S&P 500
This Quarter Est. Return
+5.07%
1 Year Est. Return
+4.02%
3 Year Est. Return
+85.13%
5 Year Est. Return
+112.24%
10 Year Est. Return
+570.29%
AUM
$7.71B
AUM Growth
+$1.2B
Cap. Flow
+$977M
Cap. Flow %
12.68%
Top 10 Hldgs %
60.52%
Holding
134
New
26
Increased
36
Reduced
22
Closed
40
Avg Time Held
1.9 years
Top 10 Avg Time Held
1.1 years
Top 20 Avg Time Held
1.8 years

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$326M
2
MCK icon
McKesson
MCK
+$245M
3
COR icon
Cencora
COR
+$186M
4
MA icon
Mastercard
MA
+$176M
5
TW icon
Tradeweb Markets
TW
+$173M

Top Sells

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$182M
2
AMZN icon
Amazon
AMZN
+$143M
3
XYZ icon
Block Inc
XYZ
+$137M
4
NOW icon
ServiceNow
NOW
+$113M
5
ANET icon
Arista Networks
ANET
+$106M

Sector Composition

Rank Sector Weight
1 Technology 30.5%
2 Financials 24.62%
3 Healthcare 21.85%
4 Consumer Discretionary 9.99%
5 Communication Services 6.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
NVDA icon
1
NVIDIA
NVDA
$5.17T
$959M 12.45%
4,795,726
+229,282
+5% +$47.1M
2019 Q2
28 quarters
AVGO icon
2
Broadcom
AVGO
$1.57T
$511M 6.64%
1,354,155
+812,504
+150% +$326M
2024 Q2
8 quarters
COR icon
3
Cencora
COR
$65.1B
$494M 6.42%
1,747,363
+646,112
+59% +$186M
2024 Q2
8 quarters
MCK icon
4
McKesson
MCK
$117B
$474M 6.15%
626,904
+309,183
+97% +$245M
2024 Q3
7 quarters
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.17T
$412M 5.35%
1,154,334
-191,258
-14% -$68.8M
2018 Q3
31 quarters
TW icon
6
Tradeweb Markets
TW
$23.9B
$386M 5.01%
3,876,800
+1,590,600
+70% +$173M
2022 Q2
16 quarters
MA icon
7
Mastercard
MA
$541B
$376M 4.88%
732,598
+352,128
+93% +$176M
2025 Q3
3 quarters
SPGI icon
8
S&P Global
SPGI
$127B
$374M 4.86%
919,140
-35,881
-4% -$15.2M
2022 Q1
17 quarters
BRK.B icon
9
Berkshire Hathaway Class B
BRK.B
$1.14T
$352M 4.57%
704,407
+296,705
+73% +$143M
2026 Q1
1 quarter
MELI icon
10
Mercado Libre
MELI
$93B
$323M 4.19%
190,098
-59,357
-24% -$101M
2014 Q4
46 quarters
ICE icon
11
Intercontinental Exchange
ICE
$90.7B
$255M 3.31%
2,070,226
+920,153
+80% +$138M
2013 Q2
52 quarters
MSFT icon
12
Microsoft
MSFT
$3.93T
$232M 3.01%
621,773
+406,850
+189% +$165M
2019 Q1
29 quarters
AMZN icon
13
Amazon
AMZN
$2.7T
$201M 2.6%
841,266
-568,584
-40% -$143M
2019 Q4
26 quarters
APH icon
14
Amphenol
APH
$196B
$171M 2.22%
1,939,526
+601,054
+45% +$43.3M
2024 Q3
7 quarters
LNTH icon
15
Lantheus
LNTH
$6.51B
$149M 1.93%
1,340,100
+12,100
+0.9% +$1.13M
2024 Q2
8 quarters
TEAM icon
16
Atlassian
TEAM
$52.6B
$123M 1.59%
1,577,000
-1,026,770
-39% -$84M
2025 Q3
3 quarters
REGN icon
17
Regeneron Pharmaceuticals
REGN
$81.4B
$114M 1.48%
182,507
+65,936
+57% +$44.9M
2025 Q4
2 quarters
ZTS icon
18
Zoetis
ZTS
$32.8B
$113M 1.47%
+1,575,700
New +$148M
2026 Q2
0 quarters
EFX icon
19
Equifax
EFX
$18.9B
$113M 1.46%
710,685
+346,080
+95% +$59M
2024 Q3
7 quarters
PH icon
20
Parker-Hannifin
PH
$121B
$101M 1.31%
103,265
+67,832
+191% +$62.1M
2026 Q1
1 quarter
ITUB icon
21
Itaú Unibanco
ITUB
$104B
$100M 1.3%
12,219,314
+3,589,092
+42% +$29.7M
2023 Q4
10 quarters
XYZ icon
22
Block Inc
XYZ
$46.8B
$97.8M 1.27%
1,287,026
-1,946,800
-60% -$137M
2022 Q4
14 quarters
ABNB icon
23
Airbnb
ABNB
$102B
$94M 1.22%
656,570
-3,000
-0.5% -$409K
2025 Q2
4 quarters
VRTX icon
24
Vertex Pharmaceuticals
VRTX
$127B
$81M 1.05%
163,045
+14,846
+10% +$6.58M
2024 Q2
8 quarters
CLS icon
25
Celestica
CLS
$38.3B
$70.5M 0.91%
+193,200
New +$72.5M
2026 Q2
0 quarters
1
2 3 4 5

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Carmignac Gestion's Q2 2026 Portfolio in Review

As of Q2 2026, Carmignac Gestion held 134 positions worth $7.71B, up 18% from $6.51B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Carmignac Gestion deployed $977M of net new capital in Q2 2026, opening 26 new positions and adding to 36 existing holdings. Its largest new stake was Zoetis: 1,575,700 shares worth $113M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, down from 33% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Amazon, an estimated $143M trimmed.

  • Carmignac Gestion's largest Q2 2026 buy was Zoetis: 1,575,700 shares worth $113M.
  • Carmignac Gestion added most to Broadcom in Q2 2026, an estimated $326M increase.
  • Carmignac Gestion's biggest Q2 2026 reduction was Amazon, cutting an estimated $143M.
  • Carmignac Gestion fully exited Salesforce in Q2 2026, selling an estimated $182M.
  • Carmignac Gestion's ten largest holdings make up 61% of its $7.71B portfolio in Q2 2026.
  • Carmignac Gestion opened 26 new positions and closed 40 in Q2 2026.
  • Carmignac Gestion's portfolio value rose 18% quarter-over-quarter to $7.71B.

Based on Carmignac Gestion's 13F filing for Q2 2026, filed 13 Aug 2026.