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
+6.65%
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
$8.62B
AUM Growth
-$99M
Cap. Flow
-$629M
Cap. Flow %
-7.29%
Top 10 Hldgs %
46.21%
Holding
156
New
21
Increased
54
Reduced
41
Closed
25
Avg Time Held Equity + Options
1.5 years
Top 10 Avg Time Held Equity + Options
1.7 years
Top 20 Avg Time Held Equity + Options
1.5 years
Avg Time Held Equity only
1.6 years
Top 10 Avg Time Held Equity only
1.7 years
Top 20 Avg Time Held Equity only
1.5 years

Top Buys

Rank Stock Value
1
AMD icon
Advanced Micro Devices
AMD
+$182M
2
CRM icon
Salesforce
CRM
+$158M
3
V icon
Visa
V
+$138M
4
EDU icon
New Oriental
EDU
+$120M
5
NOW icon
ServiceNow
NOW
+$117M

Top Sells

Rank Stock Value
1
FISV icon
Fiserv Inc
FISV
+$256M
2
COF icon
Capital One
COF
+$147M
3
STZ icon
Constellation Brands
STZ
+$131M
4
BXMT icon
Blackstone Mortgage Trust
BXMT
+$124M
5
BKNG icon
Booking.com
BKNG
+$114M

Sector Composition

Rank Sector Weight
1 Technology 29.03%
2 Consumer Discretionary 21.79%
3 Communication Services 21.23%
4 Healthcare 12.91%
5 Financials 8.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
MNSO icon
26
MINISO
MNSO
$2.99B
$108M 1.26%
5,211,149
+658,978
+14% +$15.8M
2020 Q4
2 quarters
MDT icon
27
Medtronic
MDT
$121B
$103M 1.2%
830,343
-683,861
-45% -$85.9M
2020 Q2
4 quarters
NVAX icon
28
Novavax
NVAX
$2.08B
$97.2M 1.13%
457,805
-71,364
-13% -$13.1M
2021 Q1
1 quarter
GAP icon
29
The Gap Inc
GAP
$7.96B
$88.3M 1.02%
2,624,951
+358,552
+16% +$11.8M
2021 Q1
1 quarter
VIPS icon
30
Vipshop
VIPS
$6.11B
$82.6M 0.96%
4,115,825
+2,846,730
+224% +$71.5M
2018 Q2
12 quarters
EDU icon
31
New Oriental
EDU
$8.93B
$81.2M 0.94%
+991,843
New +$120M
2021 Q2
0 quarters
JOYY icon
32
JOYY Inc
JOYY
$4.03B
$77.7M 0.9%
1,177,400
+466,016
+66% +$39.6M
2016 Q3
19 quarters
SE icon
33
Sea Limited
SE
$58.4B
$75.4M 0.87%
274,456
-266,471
-49% -$67.6M
2019 Q2
8 quarters
CD icon
34
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
$72.1M 0.84%
4,777,270
+1,046,063
+28% +$15.7M
2020 Q3
3 quarters
EH icon
35
EHang Holdings
EH
$287M
$66.9M 0.78%
1,556,692
+810,919
+109% +$24.7M
2021 Q1
1 quarter
GDRX icon
36
GoodRx Holdings
GDRX
$1.15B
$64.2M 0.74%
+1,782,091
New +$65.8M
2021 Q2
0 quarters
XYZ icon
37
Block Inc
XYZ
$45.6B
$62.2M 0.72%
+255,137
New +$59.2M
2021 Q2
0 quarters
ETSY icon
38
Etsy
ETSY
$7.61B
$60.2M 0.7%
292,547
+80,835
+38% +$15M
2020 Q3
3 quarters
TWTR
39
DELISTED
Twitter, Inc.
TWTR
$59.9M 0.7%
+871,232
New +$53.4M
2021 Q2
0 quarters
MTCH icon
40
Match Group
MTCH
$9.73B
$59.3M 0.69%
367,647
-424,650
-54% -$62.2M
2020 Q3
3 quarters
NBIS icon
41
Nebius Group N.V.
NBIS
$50.6B
$59M 0.68%
833,940
-67,257
-7% -$4.41M
2017 Q4
14 quarters
XLRN
42
DELISTED
Acceleron Pharma
XLRN
$57.5M 0.67%
458,266
+265,209
+137% +$33.4M
2021 Q1
1 quarter
AMED icon
43
DELISTED
Amedisys
AMED
$51.4M 0.6%
209,804
+1,900
+0.9% +$499K
2020 Q2
4 quarters
TUYA icon
44
Tuya Inc
TUYA
$1.04B
$50.9M 0.59%
2,077,370
+221,673
+12% +$4.68M
2021 Q1
1 quarter
RUN icon
45
Sunrun
RUN
$1.76B
$48.9M 0.57%
877,101
+734,173
+514% +$35.5M
2020 Q3
3 quarters
CHGG icon
46
Chegg
CHGG
$77.8M
$47.9M 0.56%
576,801
-16,273
-3% -$1.35M
2020 Q3
3 quarters
GBIO icon
47
DELISTED
Generation Bio
GBIO
$39.6M 0.46%
147,352
-6,222
-4% -$1.86M
2021 Q1
1 quarter
ZM icon
48
Zoom
ZM
$27.6B
$31.2M 0.36%
+80,557
New +$26.8M
2021 Q2
0 quarters
MSFT icon
49
CALL
Microsoft
MSFT
$3.96T
– –
0
– –
2020 Q4
2 quarters
AMRS
50
DELISTED
Amyris Inc.
AMRS
$24M 0.28%
+1,464,931
New +$21.8M
2021 Q2
0 quarters
1
2
3 4 5

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Carmignac Gestion's Q2 2021 Portfolio in Review

As of Q2 2021, Carmignac Gestion held 156 positions worth $8.62B, down 1.1% from $8.72B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Carmignac Gestion withdrew a net $629M in Q2 2021, closing 25 positions and reducing 41 holdings. Its most notable exit was Fiserv Inc, an estimated $256M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Carmignac Gestion opened a new position in Advanced Micro Devices worth $211M.

  • Carmignac Gestion's largest Q2 2021 buy was Advanced Micro Devices: 2,246,932 shares worth $211M.
  • Carmignac Gestion added most to Salesforce in Q2 2021, an estimated $158M increase.
  • Carmignac Gestion's biggest Q2 2021 reduction was Capital One, cutting an estimated $147M.
  • Carmignac Gestion fully exited Fiserv Inc in Q2 2021, selling an estimated $256M.
  • Carmignac Gestion's ten largest holdings make up 46% of its $8.62B portfolio in Q2 2021.
  • Carmignac Gestion opened 21 new positions and closed 25 in Q2 2021.
  • Carmignac Gestion's portfolio value fell 1.1% quarter-over-quarter to $8.62B.

Based on Carmignac Gestion's 13F filing for Q2 2021, filed 13 Aug 2021.