CG

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
+1.29%
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
$12.9B
AUM Growth
-$512M
Cap. Flow
-$192M
Cap. Flow %
-1.49%
Top 10 Hldgs %
48.34%
Holding
105
New
11
Increased
38
Reduced
18
Closed
20
Avg Time Held Equity + Options
0.6 years
Top 10 Avg Time Held Equity + Options
1.4 years
Top 20 Avg Time Held Equity + Options
1.1 years
Avg Time Held Equity only
0.7 years
Top 10 Avg Time Held Equity only
1.4 years
Top 20 Avg Time Held Equity only
1.1 years

Top Buys

Rank Stock Value
1
HAL icon
Halliburton
HAL
+$232M
2
TRIP icon
TripAdvisor
TRIP
+$214M
3
SLB icon
SLB Ltd
SLB
+$207M
4
EOG icon
EOG Resources
EOG
+$206M
5
CX icon
Cemex
CX
+$203M

Top Sells

Rank Stock Value
1
TMO icon
Thermo Fisher Scientific
TMO
+$647M
2
AMZN icon
Amazon
AMZN
+$541M
3
OXY icon
Occidental Petroleum
OXY
+$387M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$355M
5
LVLT
Level 3 Communications Inc
LVLT
+$354M

Sector Composition

Rank Sector Weight
1 Energy 22.42%
2 Financials 15.7%
3 Materials 14.49%
4 Communication Services 14.2%
5 Consumer Discretionary 10.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ICPT
26
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$220M 1.71%
2,022,792
+7,600
+0.4% +$905K
2014 Q2
10 quarters
BAC icon
27
Bank of America
BAC
$359B
$218M 1.69%
+9,851,627
New +$190M
2016 Q4
0 quarters
CBD
28
DELISTED
Companhia Brasileira de Distribuicao
CBD
$210M 1.63%
12,696,386
+47,400
+0.4% +$787K
2016 Q1
3 quarters
HES icon
29
DELISTED
Hess
HES
$210M 1.63%
+3,367,894
New +$184M
2016 Q4
0 quarters
UAL icon
30
United Airlines
UAL
$32.1B
$156M 1.21%
+2,135,914
New +$136M
2016 Q4
0 quarters
LUV icon
31
Southwest Airlines
LUV
$19.2B
$155M 1.2%
+3,105,355
New +$139M
2016 Q4
0 quarters
BSMX
32
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$149M 1.16%
20,754,027
+71,300
+0.3% +$573K
2013 Q2
14 quarters
AAL icon
33
American Airlines Group
AAL
$7.8B
$149M 1.15%
+3,180,765
New +$139M
2016 Q4
0 quarters
DAL icon
34
Delta Air Lines
DAL
$50.4B
$147M 1.14%
+2,995,391
New +$137M
2016 Q4
0 quarters
TSM icon
35
TSMC
TSM
$2.23T
$98M 0.76%
3,408,866
-1,080,106
-24% -$32.5M
2015 Q4
4 quarters
CRTO icon
36
Criteo S.A.
CRTO
$730M
$71.8M 0.56%
1,749,029
+3,000
+0.2% +$117K
2016 Q3
1 quarter
CHKP icon
37
Check Point Software Technologies
CHKP
$13.7B
$59.9M 0.47%
709,036
-275,857
-28% -$22.6M
2016 Q3
1 quarter
BIDU icon
38
Baidu
BIDU
$27.9B
$47.5M 0.37%
289,023
-35,070
-11% -$5.97M
2016 Q3
1 quarter
CF icon
39
CF Industries
CF
$18.1B
$46.6M 0.36%
+1,480,798
New +$39.8M
2016 Q4
0 quarters
INFY icon
40
Infosys
INFY
$46.5B
$40.7M 0.32%
5,489,074
+15,000
+0.3% +$113K
2016 Q3
1 quarter
NTES icon
41
NetEase
NTES
$79.2B
$32.3M 0.25%
750,345
-33,180
-4% -$1.58M
2016 Q3
1 quarter
LN
42
DELISTED
LINE Corporation
LN
$29M 0.23%
853,560
+88,311
+12% +$3.51M
2016 Q3
1 quarter
TARO icon
43
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
$27.5M 0.21%
261,687
+700
+0.3% +$73.3K
2016 Q3
1 quarter
MEOH icon
44
Methanex
MEOH
$4.91B
$27.2M 0.21%
620,000
+170,000
+38% +$6.79M
2016 Q3
1 quarter
FMX icon
45
Fomento Económico Mexicano
FMX
$41.1B
$23.7M 0.18%
311,013
-219,828
-41% -$18.8M
2016 Q3
1 quarter
LILA icon
46
Liberty Latin America Class A
LILA
$1.59B
$21.3M 0.17%
1,516,488
+2,343
+0.2% +$35.6K
2016 Q3
1 quarter
WUBA
47
DELISTED
58.com Inc
WUBA
$19.1M 0.15%
682,465
+676,112
+10,642% +$25.1M
2016 Q3
1 quarter
GRUB
48
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$17.1M 0.13%
227,577
-130,060
-36% -$10M
2016 Q3
1 quarter
CHRD icon
49
Chord Energy
CHRD
$8B
$16.3M 0.13%
1,075,000
+445,000
+71% +$5.76M
2016 Q3
1 quarter
LVS icon
50
Las Vegas Sands
LVS
$24B
$14.4M 0.11%
269,152
-114,491
-30% -$6.67M
2016 Q3
1 quarter
1
2
3 4 5

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Carmignac Gestion's Q4 2016 Portfolio in Review

As of Q4 2016, Carmignac Gestion held 105 positions worth $12.9B, down 3.8% from $13.4B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Carmignac Gestion's Q4 2016 filing shows 11 new, 38 increased, 18 reduced and 20 closed positions. Its largest new stake was Halliburton: 4,648,031 shares worth $251M. The largest sale was Thermo Fisher Scientific, an estimated $647M.

By sector, the portfolio is most concentrated in Energy at 22% of assets, up from 16% a quarter earlier, followed by Financials and Materials.

  • Carmignac Gestion's largest Q4 2016 buy was Halliburton: 4,648,031 shares worth $251M.
  • Carmignac Gestion added most to TripAdvisor in Q4 2016, an estimated $214M increase.
  • Carmignac Gestion's biggest Q4 2016 reduction was Amazon, cutting an estimated $541M.
  • Carmignac Gestion fully exited Thermo Fisher Scientific in Q4 2016, selling an estimated $647M.
  • Carmignac Gestion's ten largest holdings make up 48% of its $12.9B portfolio in Q4 2016.
  • Carmignac Gestion opened 11 new positions and closed 20 in Q4 2016.
  • Carmignac Gestion's portfolio value fell 3.8% quarter-over-quarter to $12.9B.

Based on Carmignac Gestion's 13F filing for Q4 2016, filed 14 Feb 2017.