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
-9.78%
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
$6.51B
AUM Growth
-$887M
Cap. Flow
-$36.2M
Cap. Flow %
-0.56%
Top 10 Hldgs %
55.22%
Holding
150
New
31
Increased
31
Reduced
39
Closed
42
Avg Time Held
2 years
Top 10 Avg Time Held
1.2 years
Top 20 Avg Time Held
1.7 years

Top Buys

Rank Stock Value
1
MELI icon
Mercado Libre
MELI
+$208M
2
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$200M
3
NVDA icon
NVIDIA
NVDA
+$171M
4
TEAM icon
Atlassian
TEAM
+$138M
5
AVGO icon
Broadcom
AVGO
+$132M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$354M
2
SLB icon
SLB Ltd
SLB
+$181M
3
ACN icon
Accenture
ACN
+$123M
4
CL icon
Colgate-Palmolive
CL
+$81.7M
5
EFX icon
Equifax
EFX
+$76.5M

Sector Composition

Rank Sector Weight
1 Technology 33.01%
2 Financials 21.07%
3 Healthcare 17.56%
4 Consumer Discretionary 15.56%
5 Communication Services 7.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
VRTX icon
26
Vertex Pharmaceuticals
VRTX
$126B
$66.2M 1.02%
148,199
-43,372
-23% -$20.2M
2024 Q2
7 quarters
EFX icon
27
Equifax
EFX
$17.7B
$65.6M 1.01%
364,605
-385,410
-51% -$76.5M
2024 Q3
6 quarters
META icon
28
Meta Platforms (Facebook)
META
$1.88T
$65.5M 1.01%
114,410
+70,079
+158% +$44.9M
2022 Q2
15 quarters
BKNG icon
29
Booking.com
BKNG
$121B
$62.1M 0.95%
+368,550
New +$67.8M
2026 Q1
0 quarters
WDAY icon
30
Workday
WDAY
$45.5B
$59.4M 0.91%
+457,500
New +$72.6M
2026 Q1
0 quarters
SFM icon
31
Sprouts Farmers Market
SFM
$6.03B
$53.9M 0.83%
698,470
+168,470
+32% +$12.6M
2025 Q4
1 quarter
SE icon
32
Sea Limited
SE
$58.4B
$52.6M 0.81%
637,576
+121,150
+23% +$13M
2019 Q2
27 quarters
SLB icon
33
SLB Ltd
SLB
$72B
$48.6M 0.75%
946,192
-3,723,264
-80% -$181M
2025 Q3
2 quarters
ALGN icon
34
Align Technology
ALGN
$10.3B
$38.5M 0.59%
225,171
-20,930
-9% -$3.67M
2022 Q1
16 quarters
CRDO icon
35
Credo Technology Group
CRDO
$33.7B
$34.2M 0.53%
+364,500
New +$44.4M
2026 Q1
0 quarters
PH icon
36
Parker-Hannifin
PH
$121B
$31.7M 0.49%
+35,433
New +$33.5M
2026 Q1
0 quarters
RPRX icon
37
Royalty Pharma
RPRX
$26.3B
$30.3M 0.47%
+631,200
New +$27.6M
2026 Q1
0 quarters
VTMX icon
38
Vesta Real Estate
VTMX
$3.18B
$27.4M 0.42%
822,445
+26,230
+3% +$860K
2023 Q3
10 quarters
TME icon
39
Tencent Music
TME
$13.8B
$26.7M 0.41%
2,881,153
+2,775,843
+2,636% +$41M
2023 Q4
9 quarters
NBIX icon
40
Neurocrine Biosciences
NBIX
$13.8B
$24.5M 0.38%
186,000
+122,400
+192% +$16.2M
2025 Q4
1 quarter
GL icon
41
Globe Life
GL
$12.9B
$23.7M 0.36%
170,000
-95,000
-36% -$13.4M
2024 Q4
5 quarters
EDU icon
42
New Oriental
EDU
$8.93B
$20.7M 0.32%
365,386
-3,903
-1% -$223K
2021 Q2
19 quarters
GTLB icon
43
GitLab
GTLB
$8.86B
$20.5M 0.31%
947,000
-363,000
-28% -$10.6M
2025 Q3
2 quarters
CL icon
44
Colgate-Palmolive
CL
$74B
$20.2M 0.31%
236,202
-917,189
-80% -$81.7M
2025 Q3
2 quarters
GTLS icon
45
DELISTED
Chart Industries
GTLS
$17.1M 0.26%
82,944
+27,102
+49% +$5.61M
2025 Q3
2 quarters
AL icon
46
DELISTED
Air Lease Corp
AL
$16.9M 0.26%
260,168
+134,319
+107% +$8.67M
2025 Q4
1 quarter
KSPI icon
47
Kaspi.kz JSC
KSPI
$18B
$16.6M 0.26%
224,528
-4,442
-2% -$335K
2024 Q2
7 quarters
HOLX icon
48
DELISTED
Hologic
HOLX
$15.5M 0.24%
205,034
+148,647
+264% +$11.2M
2025 Q4
1 quarter
WBS icon
49
DELISTED
Webster Financial
WBS
$13.5M 0.21%
+194,025
New +$13.3M
2026 Q1
0 quarters
KLAC icon
50
KLA
KLAC
$233B
$13.3M 0.2%
90,000
+50,000
+125% +$7.32M
2024 Q2
7 quarters
1
2
3 4 5

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Carmignac Gestion's Q1 2026 Portfolio in Review

As of Q1 2026, Carmignac Gestion held 150 positions worth $6.51B, down 12% from $7.39B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Carmignac Gestion's Q1 2026 filing shows 31 new, 31 increased, 39 reduced and 42 closed positions. Its largest new stake was Berkshire Hathaway Class B: 407,702 shares worth $195M. The largest sale was Microsoft, an estimated $354M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 38% a quarter earlier, followed by Financials and Healthcare.

  • Carmignac Gestion's largest Q1 2026 buy was Berkshire Hathaway Class B: 407,702 shares worth $195M.
  • Carmignac Gestion added most to Mercado Libre in Q1 2026, an estimated $208M increase.
  • Carmignac Gestion's biggest Q1 2026 reduction was Microsoft, cutting an estimated $354M.
  • Carmignac Gestion fully exited Novo Nordisk in Q1 2026, selling an estimated $51M.
  • Carmignac Gestion's ten largest holdings make up 55% of its $6.51B portfolio in Q1 2026.
  • Carmignac Gestion opened 31 new positions and closed 42 in Q1 2026.
  • Carmignac Gestion's portfolio value fell 12% quarter-over-quarter to $6.51B.

Based on Carmignac Gestion's 13F filing for Q1 2026, filed 15 Jun 2026.