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
+31.73%
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
$7.24B
AUM Growth
+$1.38B
Cap. Flow
-$243M
Cap. Flow %
-3.35%
Top 10 Hldgs %
44.19%
Holding
161
New
29
Increased
44
Reduced
42
Closed
35
Avg Time Held Equity + Options
1.3 years
Top 10 Avg Time Held Equity + Options
1.9 years
Top 20 Avg Time Held Equity + Options
1.3 years
Avg Time Held Equity only
1.3 years
Top 10 Avg Time Held Equity only
1.9 years
Top 20 Avg Time Held Equity only
1.3 years

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$135M
2
BAX icon
Baxter International
BAX
+$132M
3
BSX icon
Boston Scientific
BSX
+$115M
4
MDT icon
Medtronic
MDT
+$112M
5
BXMT icon
Blackstone Mortgage Trust
BXMT
+$91.1M

Top Sells

Rank Stock Value
1
WUBA
58.com Inc
WUBA
+$179M
2
PYPL icon
PayPal
PYPL
+$119M
3
EW icon
Edwards Lifesciences
EW
+$104M
4
AMZN icon
Amazon
AMZN
+$94M
5
TMO icon
Thermo Fisher Scientific
TMO
+$84.8M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 21.02%
2 Healthcare 17.89%
3 Technology 17.7%
4 Communication Services 15.92%
5 Consumer Staples 10.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
MDT icon
26
Medtronic
MDT
$120B
$108M 1.49%
+1,172,563
New +$112M
2020 Q2
0 quarters
DG icon
27
Dollar General
DG
$28.6B
$107M 1.48%
562,162
+103,632
+23% +$18.8M
2020 Q1
1 quarter
MA icon
28
Mastercard
MA
$528B
$104M 1.44%
351,265
-236,570
-40% -$66.7M
2014 Q4
22 quarters
NXPI icon
29
NXP Semiconductors
NXPI
$55.4B
$101M 1.39%
+883,169
New +$88.3M
2020 Q2
0 quarters
ALC icon
30
Alcon
ALC
$30.9B
$99.8M 1.38%
1,741,173
-742,258
-30% -$42M
2019 Q2
4 quarters
BXMT icon
31
Blackstone Mortgage Trust
BXMT
$1.78B
$95.5M 1.32%
+3,965,349
New +$91.1M
2020 Q2
0 quarters
MELI icon
32
Mercado Libre
MELI
$92.7B
$87.7M 1.21%
88,982
-112,356
-56% -$84.3M
2014 Q4
22 quarters
B icon
33
Barrick Mining
B
$63.6B
$85.6M 1.18%
3,177,062
-444,062
-12% -$11.1M
2020 Q1
1 quarter
SE icon
34
Sea Limited
SE
$58.1B
$81.5M 1.13%
759,650
-922,024
-55% -$66.7M
2019 Q2
4 quarters
TW icon
35
Tradeweb Markets
TW
$23.4B
$76.3M 1.05%
1,312,702
-122,783
-9% -$7.07M
2019 Q2
4 quarters
SYK icon
36
Stryker
SYK
$108B
$76.3M 1.05%
423,524
-173,004
-29% -$31.9M
2019 Q2
4 quarters
WUBA
37
DELISTED
58.com Inc
WUBA
$72.4M 1%
1,342,619
-3,476,504
-72% -$179M
2016 Q3
15 quarters
BDX icon
38
Becton Dickinson
BDX
$51.2B
$60.5M 0.84%
259,115
-153,807
-37% -$37.1M
2018 Q2
8 quarters
COST icon
39
Costco
COST
$432B
$52.8M 0.73%
173,977
-100,199
-37% -$30.5M
2018 Q1
9 quarters
PLNT icon
40
Planet Fitness
PLNT
$3.5B
$48.3M 0.67%
+797,986
New +$47.9M
2020 Q2
0 quarters
NBIS icon
41
Nebius Group N.V.
NBIS
$50B
$42.4M 0.59%
848,297
+237,500
+39% +$9.51M
2017 Q4
10 quarters
TWTR
42
DELISTED
Twitter, Inc.
TWTR
$35.8M 0.49%
1,202,043
-185,147
-13% -$5.58M
2019 Q4
2 quarters
TVRD icon
43
Tvardi Therapeutics
TVRD
$13.3M
$35.3M 0.49%
57,365
+7,724
+16% +$4.27M
2018 Q2
8 quarters
TSM icon
44
TSMC
TSM
$2.22T
$33.7M 0.47%
594,384
-140,915
-19% -$7.43M
2015 Q4
18 quarters
AMED icon
45
DELISTED
Amedisys
AMED
$33.4M 0.46%
+168,308
New +$31.4M
2020 Q2
0 quarters
CRBP icon
46
Corbus Pharmaceuticals
CRBP
$86.5M
$31.7M 0.44%
125,781
+101,388
+416% +$20.5M
2020 Q1
1 quarter
VIPS icon
47
Vipshop
VIPS
$6.11B
$26.9M 0.37%
1,353,533
+1,302,540
+2,554% +$22.4M
2018 Q2
8 quarters
LW icon
48
Lamb Weston
LW
$7.3B
$26.8M 0.37%
+419,146
New +$25.3M
2020 Q2
0 quarters
NIO icon
49
NIO
NIO
$8.52B
$25.3M 0.35%
+3,280,520
New +$14.4M
2020 Q2
0 quarters
V icon
50
Visa
V
$734B
$20.9M 0.29%
108,052
-47,568
-31% -$8.69M
2014 Q4
22 quarters
1
2
3 4 5

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Carmignac Gestion's Q2 2020 Portfolio in Review

As of Q2 2020, Carmignac Gestion held 161 positions worth $7.24B, up 24% from $5.86B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Carmignac Gestion withdrew a net $243M in Q2 2020, closing 35 positions and reducing 42 holdings. Its most notable exit was Take-Two Interactive, an estimated $55.4M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Carmignac Gestion opened a new position in Netflix worth $144M.

  • Carmignac Gestion's largest Q2 2020 buy was Netflix: 3,169,070 shares worth $144M.
  • Carmignac Gestion added most to Fidelity National Information Services in Q2 2020, an estimated $51M increase.
  • Carmignac Gestion's biggest Q2 2020 reduction was 58.com Inc, cutting an estimated $179M.
  • Carmignac Gestion fully exited Take-Two Interactive in Q2 2020, selling an estimated $55.4M.
  • Carmignac Gestion's ten largest holdings make up 44% of its $7.24B portfolio in Q2 2020.
  • Carmignac Gestion opened 29 new positions and closed 35 in Q2 2020.
  • Carmignac Gestion's portfolio value rose 24% quarter-over-quarter to $7.24B.

Based on Carmignac Gestion's 13F filing for Q2 2020, filed 13 Aug 2020.