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CG

Carmignac Gestion Portfolio holdings

AUM $6.51B
1-Year Est. Return 19.13%
This Fund
S&P 500
This Quarter Est. Return
+5.12%
1 Year Est. Return
+19.13%
3 Year Est. Return
+94.32%
5 Year Est. Return
+115.43%
10 Year Est. Return
+608.92%
AUM
$13.4B
AUM Growth
-$849M
Cap. Flow
-$1.14B
Cap. Flow %
-8.53%
Top 10 Hldgs %
38.79%
Holding
107
New
14
Increased
24
Reduced
40
Closed
13

Top Buys

Rank Stock Value
1
STZ icon
Constellation Brands
STZ
+$246M
2
AEM icon
Agnico Eagle Mines
AEM
+$214M
3
BKNG icon
Booking.com
BKNG
+$209M
4
SPOT icon
Spotify
SPOT
+$192M
5
BDX icon
Becton Dickinson
BDX
+$116M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$343M
2
META icon
Meta Platforms (Facebook)
META
+$336M
3
WFC icon
Wells Fargo
WFC
+$286M
4
NFLX icon
Netflix
NFLX
+$203M
5
AMZN icon
Amazon
AMZN
+$194M

Sector Composition

Rank Sector Weight
1 Communication Services 13.81%
2 Consumer Discretionary 13.22%
3 Materials 13.11%
4 Energy 12.63%
5 Financials 11.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NOW icon
26
ServiceNow
NOW
$106B
$233M 1.73%
6,741,040
-5,074,375
-43% -$176M
AEM icon
27
Agnico Eagle Mines
AEM
$68.5B
$223M 1.66%
+4,865,536
New +$214M
CBD
28
DELISTED
Companhia Brasileira de Distribuicao
CBD
$210M 1.57%
10,501,867
+70,725
+0.7% +$1.48M
COST icon
29
Costco
COST
$417B
$205M 1.53%
982,146
+81,525
+9% +$16.1M
SPOT icon
30
Spotify
SPOT
$98.3B
$202M 1.51%
+1,201,974
New +$192M
BKNG icon
31
Booking.com
BKNG
$141B
$201M 1.5%
+2,484,000
New +$209M
GRUB
32
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$189M 1.41%
900,756
-801,197
-47% -$166M
V icon
33
Visa
V
$682B
$188M 1.4%
1,416,456
-306,413
-18% -$39.4M
MA icon
34
Mastercard
MA
$480B
$186M 1.39%
948,435
-216,011
-19% -$40.6M
ZAYO
35
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$175M 1.3%
4,784,897
+37,900
+0.8% +$1.35M
CVS icon
36
CVS Health
CVS
$137B
$173M 1.29%
2,682,423
+18,300
+0.7% +$1.21M
BMA icon
37
Banco Macro
BMA
$5.76B
$160M 1.2%
2,729,891
-11,575
-0.4% -$994K
GGAL icon
38
Galicia Financial Group
GGAL
$8.02B
$159M 1.18%
4,814,185
+39,000
+0.8% +$2.01M
ALB icon
39
Albemarle
ALB
$14.2B
$124M 0.92%
1,312,352
+87,522
+7% +$8.4M
BDX icon
40
Becton Dickinson
BDX
$43.6B
$122M 0.91%
+520,425
New +$116M
PAM icon
41
Pampa Energía
PAM
$4.4B
$105M 0.78%
2,941,761
-124,584
-4% -$6.42M
TSM icon
42
TSMC
TSM
$2.07T
$99.3M 0.74%
2,717,214
+313,375
+13% +$12.4M
QGEN icon
43
Qiagen
QGEN
$8.49B
$86.6M 0.65%
2,257,893
+636,506
+39% +$23.4M
INCY icon
44
Incyte
INCY
$23.4B
$73.4M 0.55%
1,096,114
+8,700
+0.8% +$595K
CLVS
45
DELISTED
Clovis Oncology, Inc.
CLVS
$69.2M 0.52%
1,521,440
+11,900
+0.8% +$579K
VIPS icon
46
Vipshop
VIPS
$6.96B
$59.8M 0.45%
+5,510,418
New +$75.4M
LN
47
DELISTED
LINE Corporation
LN
$47.3M 0.35%
1,151,246
-345,578
-23% -$13M
CLDR
48
DELISTED
Cloudera, Inc.
CLDR
$33.5M 0.25%
+2,453,579
New +$37.4M
TLND
49
DELISTED
Talend S.A. American Depositary Shares
TLND
$29.7M 0.22%
477,067
-200,089
-30% -$10.9M
SM icon
50
SM Energy
SM
$7.51B
$29.4M 0.22%
1,143,664
-3,580,015
-76% -$83.7M
1
2
3 4 5

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Carmignac Gestion's Q2 2018 Portfolio in Review

As of Q2 2018, Carmignac Gestion held 107 positions worth $13.4B, down 6% from $14.3B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Carmignac Gestion withdrew a net $1.14B in Q2 2018, closing 13 positions and reducing 40 holdings. Its most notable exit was Apple, an estimated $343M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 14% of assets, down from 14% a quarter earlier, followed by Consumer Discretionary and Materials.

Against the trend, Carmignac Gestion opened a new position in Constellation Brands worth $238M.

  • Carmignac Gestion's largest Q2 2018 buy was Constellation Brands: 1,087,452 shares worth $238M.
  • Carmignac Gestion added most to Bank of America in Q2 2018, an estimated $66.8M increase.
  • Carmignac Gestion's biggest Q2 2018 reduction was Meta Platforms (Facebook), cutting an estimated $336M.
  • Carmignac Gestion fully exited Apple in Q2 2018, selling an estimated $343M.
  • Carmignac Gestion's ten largest holdings make up 39% of its $13.4B portfolio in Q2 2018.
  • Carmignac Gestion opened 14 new positions and closed 13 in Q2 2018.
  • Carmignac Gestion's portfolio value fell 6% quarter-over-quarter to $13.4B.

Based on Carmignac Gestion's 13F filing for Q2 2018, filed 13 Aug 2018.