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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
DHR icon
51
Danaher
DHR
$152B
$15M 0.23%
76,055
-17,315
-19% -$3.36M
EDU icon
52
New Oriental
EDU
$9.36B
$14.3M 0.22%
265,333
-34,917
-12% -$1.66M
ORCL icon
53
Oracle
ORCL
$435B
$12.1M 0.19%
55,808
-220
-0.4% -$35.5K
ANSS
54
DELISTED
Ansys
ANSS
$11.5M 0.18%
32,796
-48,928
-60% -$16M
MRUS
55
DELISTED
Merus
MRUS
$11.3M 0.17%
214,722
+93,561
+77% +$4.4M
DNB
56
DELISTED
Dun & Bradstreet
DNB
$11M 0.17%
1,205,784
+891,318
+283% +$7.98M
FYBR
57
DELISTED
Frontier Communications
FYBR
$10.6M 0.16%
290,833
+256,332
+743% +$9.3M
INTU icon
58
Intuit
INTU
$97.9B
$10.3M 0.16%
13,042
+906
+7% +$613K
ALGN icon
59
Align Technology
ALGN
$11.2B
$9.92M 0.15%
52,453
-4,321
-8% -$763K
ESGR
60
DELISTED
Enstar Group
ESGR
$9.62M 0.15%
28,589
+24,027
+527% +$8.04M
CHX
61
DELISTED
ChampionX
CHX
$9.41M 0.14%
378,880
-15,553
-4% -$392K
GL icon
62
Globe Life
GL
$13.3B
$9.2M 0.14%
74,000
-16,000
-18% -$1.94M
ACN icon
63
Accenture
ACN
$116B
$9.06M 0.14%
30,366
+2,830
+10% +$862K
ADBE icon
64
Adobe
ADBE
$116B
$7.76M 0.12%
20,062
+9,434
+89% +$3.64M
SYK icon
65
Stryker
SYK
$127B
$7.73M 0.12%
19,556
-12,113
-38% -$4.53M
BPMC
66
DELISTED
Blueprint Medicines
BPMC
$7.01M 0.11%
+54,676
New +$5.68M
SWTX
67
DELISTED
SpringWorks Therapeutics
SWTX
$6.99M 0.11%
+148,806
New +$6.62M
ISRG icon
68
Intuitive Surgical
ISRG
$132B
$6.56M 0.1%
12,103
-17,767
-59% -$9.29M
AAPL icon
69
Apple
AAPL
$4.67T
$5.78M 0.09%
28,190
+13,476
+92% +$2.72M
CSCO icon
70
Cisco
CSCO
$433B
$5.65M 0.09%
81,368
– –
TUYA
71
Tuya Inc
TUYA
$1.15B
$5.04M 0.08%
2,180,501
-857,743
-28% -$2.08M
COST icon
72
Costco
COST
$419B
$4.95M 0.08%
5,000
– –
WBA
73
DELISTED
Walgreens Boots Alliance
WBA
$4.76M 0.07%
+414,681
New +$4.62M
INFA
74
DELISTED
Informatica
INFA
$4.74M 0.07%
+194,672
New +$4.01M
ETWO
75
DELISTED
E2open Parent Holdings
ETWO
$4.66M 0.07%
+1,441,686
New +$3.79M
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.