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
+5.07%
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
$7.71B
AUM Growth
+$1.2B
Cap. Flow
+$977M
Cap. Flow %
12.68%
Top 10 Hldgs %
60.52%
Holding
134
New
26
Increased
36
Reduced
22
Closed
40
Avg Time Held
1.9 years
Top 10 Avg Time Held
1.1 years
Top 20 Avg Time Held
1.8 years

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$326M
2
MCK icon
McKesson
MCK
+$245M
3
COR icon
Cencora
COR
+$186M
4
MA icon
Mastercard
MA
+$176M
5
TW icon
Tradeweb Markets
TW
+$173M

Top Sells

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$182M
2
AMZN icon
Amazon
AMZN
+$143M
3
XYZ icon
Block Inc
XYZ
+$137M
4
NOW icon
ServiceNow
NOW
+$113M
5
ANET icon
Arista Networks
ANET
+$106M

Sector Composition

Rank Sector Weight
1 Technology 30.5%
2 Financials 24.62%
3 Healthcare 21.85%
4 Consumer Discretionary 9.99%
5 Communication Services 6.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ANET icon
51
Arista Networks
ANET
$246B
$12.3M 0.16%
72,457
-674,569
-90% -$106M
2024 Q2
8 quarters
PG icon
52
Procter & Gamble
PG
$364B
$11.3M 0.15%
76,813
-11,347
-13% -$1.65M
2021 Q4
18 quarters
EA icon
53
DELISTED
Electronic Arts
EA
$10M 0.13%
48,934
– –
2025 Q3
3 quarters
TSM icon
54
TSMC
TSM
$2.23T
$10M 0.13%
20,956
+19,584
+1,427% +$7.95M
2015 Q4
42 quarters
HD icon
55
Home Depot
HD
$295B
$9.29M 0.12%
26,374
-4,360
-14% -$1.42M
2022 Q3
15 quarters
CHD icon
56
Church & Dwight Co
CHD
$24.3B
$8.84M 0.11%
90,997
-6,089
-6% -$582K
2026 Q1
1 quarter
SLAB icon
57
Silicon Laboratories
SLAB
$7.38B
$8.82M 0.11%
40,340
+12,497
+45% +$2.7M
2026 Q1
1 quarter
RAMP icon
58
LiveRamp
RAMP
$2.29B
$8.81M 0.11%
+234,126
New +$7.71M
2026 Q2
0 quarters
TECH icon
59
Bio-Techne
TECH
$11.4B
$8.8M 0.11%
+124,530
New +$6.72M
2026 Q2
0 quarters
KVUE icon
60
Kenvue
KVUE
$34.6B
$8.03M 0.1%
420,432
+262,858
+167% +$4.63M
2025 Q4
2 quarters
TMO icon
61
Thermo Fisher Scientific
TMO
$249B
$7.9M 0.1%
15,727
-101
-0.6% -$48.5K
2019 Q2
28 quarters
BNTX icon
62
BioNTech
BNTX
$22.3B
$7.45M 0.1%
79,875
-32,836
-29% -$3.09M
2024 Q2
8 quarters
WBD icon
63
DELISTED
Warner Bros
WBD
$7.38M 0.1%
276,857
+40,484
+17% +$1.1M
2025 Q4
2 quarters
JHG icon
64
DELISTED
Janus Henderson
JHG
$7.13M 0.09%
137,300
– –
2025 Q4
2 quarters
OGN icon
65
Organon & Co
OGN
$3.61B
$6.07M 0.08%
+448,606
New +$5.36M
2026 Q2
0 quarters
APGE icon
66
DELISTED
Apogee Therapeutics
APGE
$5.9M 0.08%
+44,475
New +$4.01M
2026 Q2
0 quarters
NUVL icon
67
DELISTED
Nuvalent
NUVL
$5.89M 0.08%
+47,657
New +$5.13M
2026 Q2
0 quarters
DBRG icon
68
DELISTED
DigitalBridge
DBRG
$5.83M 0.08%
369,415
– –
2026 Q1
1 quarter
ESPR icon
69
DELISTED
Esperion Therapeutics
ESPR
$5.24M 0.07%
+1,659,399
New +$4.64M
2026 Q2
0 quarters
LEG icon
70
DELISTED
Leggett & Platt
LEG
$4.8M 0.06%
+410,119
New +$4.32M
2026 Q2
0 quarters
PAYO icon
71
Payoneer
PAYO
$2.42B
$3.04M 0.04%
+426,354
New +$2.33M
2026 Q2
0 quarters
CZR icon
72
Caesars Entertainment
CZR
$5.97B
$3.03M 0.04%
+100,508
New +$2.83M
2026 Q2
0 quarters
CPRX icon
73
DELISTED
Catalyst Pharmaceutical
CPRX
$3M 0.04%
+95,603
New +$2.82M
2026 Q2
0 quarters
LPRO icon
74
DELISTED
Open Lending Corp
LPRO
$2.99M 0.04%
+960,179
New +$1.96M
2026 Q2
0 quarters
GBTG icon
75
DELISTED
American Express Global Business Travel
GBTG
$2.97M 0.04%
+316,463
New +$2.57M
2026 Q2
0 quarters
1 2
3
4 5

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Carmignac Gestion's Q2 2026 Portfolio in Review

As of Q2 2026, Carmignac Gestion held 134 positions worth $7.71B, up 18% from $6.51B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Carmignac Gestion deployed $977M of net new capital in Q2 2026, opening 26 new positions and adding to 36 existing holdings. Its largest new stake was Zoetis: 1,575,700 shares worth $113M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, down from 33% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Amazon, an estimated $143M trimmed.

  • Carmignac Gestion's largest Q2 2026 buy was Zoetis: 1,575,700 shares worth $113M.
  • Carmignac Gestion added most to Broadcom in Q2 2026, an estimated $326M increase.
  • Carmignac Gestion's biggest Q2 2026 reduction was Amazon, cutting an estimated $143M.
  • Carmignac Gestion fully exited Salesforce in Q2 2026, selling an estimated $182M.
  • Carmignac Gestion's ten largest holdings make up 61% of its $7.71B portfolio in Q2 2026.
  • Carmignac Gestion opened 26 new positions and closed 40 in Q2 2026.
  • Carmignac Gestion's portfolio value rose 18% quarter-over-quarter to $7.71B.

Based on Carmignac Gestion's 13F filing for Q2 2026, filed 13 Aug 2026.