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
(+18%)
Cap. Flow
+$977M
Cap. Flow
% of AUM
12.68%
Top 10 Holdings %
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 |
Broadcom
AVGO
|
+$326M |
| 2 |
McKesson
MCK
|
+$245M |
| 3 |
Cencora
COR
|
+$186M |
| 4 |
Mastercard
MA
|
+$176M |
| 5 |
Tradeweb Markets
TW
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$182M |
| 2 |
Amazon
AMZN
|
+$143M |
| 3 |
Block Inc
XYZ
|
+$137M |
| 4 |
ServiceNow
NOW
|
+$113M |
| 5 |
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 | |
|---|---|---|---|---|---|---|---|
76
DELISTED
Talkspace
TALK
| $2.9M | 0.04% |
556,771
+410,125
| +280% | +$2.13M |
2026 Q1
1 quarter
|
|
77
DELISTED
Select Medical
SEM
| $2.88M | 0.04% |
174,516
| – | – |
2026 Q1
1 quarter
|
|
78
TXNM Energy Inc
TXNM
$6.45B
| $2.67M | 0.03% |
47,000
| – | – |
2025 Q4
2 quarters
|
|
79
DELISTED
Olaplex Holdings
OLPX
| $2.57M | 0.03% |
1,252,648
+399,449
| +47% | +$814K |
2026 Q1
1 quarter
|
|
80
DELISTED
Avanos Medical
AVNS
| $2.22M | 0.03% |
+89,418
| New | +$2.09M |
2026 Q2
0 quarters
|
|
81
MakeMyTrip
MMYT
$4.1B
| $2.16M | 0.03% |
40,452
+10,024
| +33% | +$456K |
2025 Q4
2 quarters
|
|
82
International Money Express
IMXI
$318M
| $2M | 0.03% |
138,650
| – | – |
2025 Q3
3 quarters
|
|
83
CRH
CRH
$52.7B
| $1.84M | 0.02% |
+17,183
| New | +$1.89M |
2026 Q2
0 quarters
|
|
84
Qfin Holdings
QFIN
$692M
| $618K | 0.01% |
39,081
| – | – |
2025 Q3
3 quarters
|
|
85
Visa
V
$735B
| $590K | 0.01% |
1,721
-607
| -26% | -$195K |
2021 Q2
20 quarters
|
|
86
Dynex Capital
DX
$2.69B
| $588K | 0.01% |
+44,846
| New | +$590K |
2026 Q2
0 quarters
|
|
87
AGNC Investment
AGNC
$10.2B
| $544K | 0.01% |
+49,928
| New | +$526K |
2026 Q2
0 quarters
|
|
88
Annaly Capital Management
NLY
$13.7B
| $528K | 0.01% |
+23,612
| New | +$521K |
2026 Q2
0 quarters
|
|
89
Bristol-Myers Squibb
BMY
$121B
| $519K | 0.01% |
+9,014
| New | +$518K |
2026 Q2
0 quarters
|
|
90
EHang Holdings
EH
$287M
| $504K | 0.01% |
76,985
| – | – |
2021 Q1
21 quarters
|
|
91
GlobalFoundries
GFS
$27.3B
| $471K | 0.01% |
+5,719
| New | +$400K |
2026 Q2
0 quarters
|
|
92
Pfizer
PFE
$166B
| $469K | 0.01% |
+19,475
| New | +$509K |
2026 Q2
0 quarters
|
|
93
Applied Materials
AMAT
$354B
| $168K | ﹤0.01% |
+232
| New | +$107K |
2026 Q2
0 quarters
|
|
94
Clear Channel Outdoor Holdings
CCO
$1.23B
| $142K | ﹤0.01% |
58,471
| – | – |
2026 Q1
1 quarter
|
|
95
Apple
AAPL
$5.01T
| – | – |
-4,785
| Closed | -$1.21M | – |
|
96
DELISTED
Arcellx
ACLX
| – | – |
-18,925
| Closed | -$2.17M | – |
|
97
Accenture
ACN
$132B
| – | – |
-2,665
| Closed | -$528K | – |
|
98
DELISTED
Air Lease Corp
AL
| – | – |
-260,168
| Closed | -$16.9M | – |
|
99
DELISTED
American Woodmark
AMWD
| – | – |
-115,255
| Closed | -$4.59M | – |
|
100
DELISTED
Apellis Pharmaceuticals
APLS
| – | – |
-35,127
| Closed | -$1.41M | – |
|
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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.