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CG

Carmignac Gestion Portfolio holdings

AUM $7.71B
1-Year Est. Return 4.02%
This Fund
S&P 500
This Quarter Est. Return
+20.33%
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
$6.5B
AUM Growth
+$408M
Cap. Flow
-$561M
Cap. Flow %
-8.63%
Top 10 Hldgs %
51.73%
Holding
181
New
22
Increased
42
Reduced
49
Closed
52

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$157M
2
TMO icon
Thermo Fisher Scientific
TMO
+$84.5M
3
ANET icon
Arista Networks
ANET
+$68.9M
4
SPGI icon
S&P Global
SPGI
+$65.3M
5
CRM icon
Salesforce
CRM
+$61.3M

Top Sells

Rank Stock Value
1
SLB icon
SLB Ltd
SLB
+$192M
2
SNPS icon
Synopsys
SNPS
+$154M
3
AMZN icon
Amazon
AMZN
+$141M
4
CNC icon
Centene
CNC
+$138M
5
PH icon
Parker-Hannifin
PH
+$87.4M

Sector Composition

Rank Sector Weight
1 Technology 32.8%
2 Consumer Discretionary 18.35%
3 Healthcare 17.86%
4 Financials 10.29%
5 Communication Services 9.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LLY icon
26
Eli Lilly
LLY
$1.05T
$79M 1.22%
101,326
+3,414
+3% +$2.65M
FIX icon
27
Comfort Systems
FIX
$53.5B
$70.1M 1.08%
130,699
-3,575
-3% -$1.56M
CRM icon
28
Salesforce
CRM
$211B
$64.9M 1%
238,050
+229,258
+2,608% +$61.3M
ORLY icon
29
O'Reilly Automotive
ORLY
$71.6B
$57.4M 0.88%
636,340
-93,200
-13% -$8.5M
GE icon
30
GE Aerospace
GE
$355B
$53M 0.82%
205,825
-153,500
-43% -$33.7M
ABNB icon
31
Airbnb
ABNB
$112B
$51.7M 0.8%
+390,970
New +$49.5M
CLS icon
32
Celestica
CLS
$37.7B
$50.8M 0.78%
325,500
+54,000
+20% +$5.74M
LIN icon
33
Linde
LIN
$226B
$49.4M 0.76%
105,194
-37,439
-26% -$17.1M
SE icon
34
Sea Limited
SE
$73.1B
$45.3M 0.7%
283,455
+10,810
+4% +$1.57M
KLAC icon
35
KLA
KLAC
$229B
$39.5M 0.61%
441,000
+165,000
+60% +$12.4M
NEM icon
36
Newmont
NEM
$135B
$36.2M 0.56%
620,651
+145,788
+31% +$7.78M
KEYS icon
37
Keysight
KEYS
$54.5B
$35.9M 0.55%
219,000
+106,000
+94% +$16.2M
PH icon
38
Parker-Hannifin
PH
$125B
$31.4M 0.48%
45,009
-138,400
-75% -$87.4M
AEM icon
39
Agnico Eagle Mines
AEM
$104B
$30.7M 0.47%
257,718
-83,829
-25% -$9.73M
TAP icon
40
Molson Coors Class B
TAP
$7.73B
$28.8M 0.44%
599,000
+221,538
+59% +$12.2M
PG icon
41
Procter & Gamble
PG
$334B
$27.9M 0.43%
174,852
-26,561
-13% -$4.34M
DOCS icon
42
Doximity
DOCS
$4.76B
$25.5M 0.39%
415,228
+45,228
+12% +$2.52M
LNTH icon
43
Lantheus
LNTH
$6.58B
$24.3M 0.37%
297,000
+106,500
+56% +$9.35M
VTMX icon
44
Vesta Real Estate
VTMX
$3.15B
$21M 0.32%
768,515
+31,085
+4% +$834K
HTHT icon
45
Huazhu Hotels Group
HTHT
$14.7B
$19.6M 0.3%
576,907
+6,089
+1% +$213K
BNTX icon
46
BioNTech
BNTX
$25.6B
$18.8M 0.29%
176,351
-9,526
-5% -$962K
CRS icon
47
Carpenter Technology
CRS
$23.6B
$17.6M 0.27%
63,600
-45,452
-42% -$9.91M
HD icon
48
Home Depot
HD
$329B
$16.6M 0.26%
45,328
+6,224
+16% +$2.25M
LULU icon
49
lululemon athletica
LULU
$13.7B
$16.4M 0.25%
69,000
-12,000
-15% -$3.31M
KSPI icon
50
Kaspi.kz JSC
KSPI
$20.2B
$15.6M 0.24%
184,030
+16,976
+10% +$1.45M
1
2
3 4 5

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Carmignac Gestion's Q2 2025 Portfolio in Review

As of Q2 2025, Carmignac Gestion held 181 positions worth $6.5B, up 6.7% from $6.09B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Carmignac Gestion withdrew a net $561M in Q2 2025, closing 52 positions and reducing 49 holdings. Its most notable exit was SLB Ltd, an estimated $192M position sold in full.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Carmignac Gestion opened a new position in Airbnb worth $51.7M.

  • Carmignac Gestion's largest Q2 2025 buy was Airbnb: 390,970 shares worth $51.7M.
  • Carmignac Gestion added most to Alphabet (Google) Class A in Q2 2025, an estimated $157M increase.
  • Carmignac Gestion's biggest Q2 2025 reduction was Synopsys, cutting an estimated $154M.
  • Carmignac Gestion fully exited SLB Ltd in Q2 2025, selling an estimated $192M.
  • Carmignac Gestion's ten largest holdings make up 52% of its $6.5B portfolio in Q2 2025.
  • Carmignac Gestion opened 22 new positions and closed 52 in Q2 2025.
  • Carmignac Gestion's portfolio value rose 6.7% quarter-over-quarter to $6.5B.

Based on Carmignac Gestion's 13F filing for Q2 2025, filed 13 Aug 2025.