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Carmignac Gestion Portfolio holdings

AUM $6.51B
1-Year Est. Return 19.13%
This Fund
S&P 500
This Quarter Est. Return
+3.07%
1 Year Est. Return
+19.13%
3 Year Est. Return
+94.32%
5 Year Est. Return
+115.43%
10 Year Est. Return
+608.92%
AUM
$12.3B
AUM Growth
-$723M
Cap. Flow
-$888M
Cap. Flow %
-7.2%
Top 10 Hldgs %
46.25%
Holding
82
New
4
Increased
28
Reduced
35
Closed
7

Top Buys

1
NBL
Noble Energy, Inc.
NBL
+$189M
2
ZAYO
Zayo Group Holdings, Inc.
ZAYO
+$159M
3
CMG icon
Chipotle Mexican Grill
CMG
+$148M
4
BMA icon
Banco Macro
BMA
+$130M
5
EOG icon
EOG Resources
EOG
+$93M

Top Sells

1
MSFT icon
Microsoft
MSFT
+$293M
2
NKE icon
Nike
NKE
+$277M
3
SLB icon
SLB Ltd
SLB
+$211M
4
HAL icon
Halliburton
HAL
+$172M
5
HES
Hess
HES
+$163M

Sector Composition

1 Financials 15.95%
2 Materials 15.89%
3 Consumer Discretionary 11.35%
4 Energy 10.41%
5 Healthcare 10.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TARO
51
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
$16.5M 0.13%
147,639
-16,789
-10% -$1.9M
JOYY
52
JOYY Inc
JOYY
$3.49B
$14.8M 0.12%
255,083
-9,585
-4% -$508K
CHRD icon
53
Chord Energy
CHRD
$6.99B
$13.4M 0.11%
1,660,000
+560,000
+51% +$6.13M
RGLD icon
54
Royal Gold
RGLD
$16.2B
$11.3M 0.09%
145,000
-5,000
-3% -$377K
AA icon
55
Alcoa
AA
$12.4B
$11.1M 0.09%
340,000
-40,000
-11% -$1.3M
NUE icon
56
Nucor
NUE
$53.7B
$9.84M 0.08%
170,000
– –
PE
57
DELISTED
PARSLEY ENERGY INC
PE
$9.44M 0.08%
340,000
+50,000
+17% +$1.49M
RES icon
58
RPC Inc
RES
$1.29B
$9.4M 0.08%
465,000
+25,000
+6% +$476K
PDCE
59
DELISTED
PDC Energy, Inc.
PDCE
$9.05M 0.07%
210,000
+90,000
+75% +$4.74M
CRESY
60
Cresud
CRESY
$772M
$8.98M 0.07%
514,656
– –
IR icon
61
Ingersoll Rand
IR
$33.2B
$8.97M 0.07%
+415,000
New +$9.27M
SINA
62
DELISTED
Sina Corp
SINA
$8.91M 0.07%
104,896
-55,331
-35% -$4.66M
SUPV
63
Grupo Supervielle
SUPV
$846M
$8.82M 0.07%
488,059
+88,059
+22% +$1.51M
CNX icon
64
CNX Resources
CNX
$4.73B
$8.44M 0.07%
678,000
– –
DAR icon
65
Darling Ingredients
DAR
$9.72B
$8.26M 0.07%
525,000
-122,000
-19% -$1.88M
TECK icon
66
Teck Resources
TECK
$27.3B
$8.14M 0.07%
470,000
-60,000
-11% -$1.15M
MTZ icon
67
MasTec
MTZ
$26.9B
$8.13M 0.07%
180,000
-50,000
-22% -$2.16M
MLI icon
68
Mueller Industries
MLI
$13B
$7.67M 0.06%
1,008,000
– –
BITA
69
DELISTED
Bitauto Holdings Limited
BITA
$7.18M 0.06%
+249,673
New +$7M
WFT
70
DELISTED
Weatherford International plc
WFT
$6.58M 0.05%
+1,700,000
New +$8.64M
ATI icon
71
ATI
ATI
$25.3B
$5.39M 0.04%
317,000
-95,000
-23% -$1.6M
APC
72
CALL
DELISTED
Anadarko Petroleum
APC
– –
0
– –
APC
73
PUT
DELISTED
Anadarko Petroleum
APC
– –
0
– –
MON
74
DELISTED
Monsanto Co
MON
$4.25M 0.03%
35,918
– –
FMX icon
75
Fomento Económico Mexicano
FMX
$44.1B
– –
-291,188
Closed -$25.8M
1 2
3
4

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RCWMU
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RIG
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LAM
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OCM
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Carmignac Gestion's Q2 2017 Portfolio in Review

As of Q2 2017, Carmignac Gestion held 82 positions worth $12.3B, down 5.5% from $13.1B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Carmignac Gestion withdrew a net $888M in Q2 2017, closing 7 positions and reducing 35 holdings. Its most notable exit was Microsoft, an estimated $293M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 14% a quarter earlier, followed by Materials and Consumer Discretionary.

Against the trend, Carmignac Gestion opened a new position in Zayo Group Holdings, Inc. worth $150M.

  • Carmignac Gestion's largest Q2 2017 buy was Zayo Group Holdings, Inc.: 4,868,188 shares worth $150M.
  • Carmignac Gestion added most to Noble Energy, Inc. in Q2 2017, an estimated $189M increase.
  • Carmignac Gestion's biggest Q2 2017 reduction was Halliburton, cutting an estimated $172M.
  • Carmignac Gestion fully exited Microsoft in Q2 2017, selling an estimated $293M.
  • Carmignac Gestion's ten largest holdings make up 46% of its $12.3B portfolio in Q2 2017.
  • Carmignac Gestion opened 4 new positions and closed 7 in Q2 2017.
  • Carmignac Gestion's portfolio value fell 5.5% quarter-over-quarter to $12.3B.

Based on Carmignac Gestion's 13F filing for Q2 2017, filed 14 Aug 2017.