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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
+5.12%
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
$13.4B
AUM Growth
-$849M
Cap. Flow
-$1.14B
Cap. Flow %
-8.53%
Top 10 Hldgs %
38.79%
Holding
107
New
14
Increased
24
Reduced
40
Closed
13

Top Buys

Rank Stock Value
1
STZ icon
Constellation Brands
STZ
+$246M
2
AEM icon
Agnico Eagle Mines
AEM
+$214M
3
BKNG icon
Booking.com
BKNG
+$209M
4
SPOT icon
Spotify
SPOT
+$192M
5
BDX icon
Becton Dickinson
BDX
+$116M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$343M
2
META icon
Meta Platforms (Facebook)
META
+$336M
3
WFC icon
Wells Fargo
WFC
+$286M
4
NFLX icon
Netflix
NFLX
+$203M
5
AMZN icon
Amazon
AMZN
+$194M

Sector Composition

Rank Sector Weight
1 Communication Services 13.81%
2 Consumer Discretionary 13.22%
3 Materials 13.11%
4 Energy 12.63%
5 Financials 11.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TGS icon
76
Transportadora de Gas del Sur
TGS
$4.48B
$8.52M 0.06%
728,553
-11,553
-2% -$196K
SAVE
77
DELISTED
Spirit Airlines, Inc.
SAVE
$8.43M 0.06%
231,793
-79,749
-26% -$2.95M
SM icon
78
CALL
SM Energy
SM
$7.51B
– –
0
– –
SM icon
79
PUT
SM Energy
SM
$7.51B
– –
0
– –
ARCO icon
80
Arcos Dorados Holdings
ARCO
$1.73B
$6.98M 0.05%
1,031,995
-158,169
-13% -$1.25M
STLD icon
81
Steel Dynamics
STLD
$34B
$6.88M 0.05%
+149,793
New +$7.09M
RES icon
82
RPC Inc
RES
$1.31B
$6.85M 0.05%
470,000
-30,000
-6% -$513K
TECK icon
83
Teck Resources
TECK
$27B
$6.61M 0.05%
259,783
-30,217
-10% -$809K
PDCE
84
CALL
DELISTED
PDC Energy, Inc.
PDCE
– –
0
– –
RGNX icon
85
Regenxbio
RGNX
$511M
$5.6M 0.04%
+78,001
New +$3.72M
ZUO
86
DELISTED
Zuora, Inc.
ZUO
$3.25M 0.02%
+119,600
New +$2.83M
MDLZ icon
87
Mondelez International
MDLZ
$78.3B
$3.1M 0.02%
+75,590
New +$3.04M
BITA
88
DELISTED
Bitauto Holdings Limited
BITA
$3.08M 0.02%
129,462
-2,091,986
-94% -$47.5M
CRZO
89
PUT
DELISTED
Carrizo Oil & Gas Inc
CRZO
– –
0
– –
AAPL icon
90
Apple
AAPL
$4.9T
– –
-8,171,532
Closed -$343M
ATI icon
91
ATI
ATI
$25.4B
– –
-400,000
Closed -$9.47M
CX icon
92
Cemex
CX
$18.7B
– –
-416,412
Closed -$2.76M
DBX icon
93
Dropbox
DBX
$7.14B
– –
-227,556
Closed -$7.11M
JD icon
94
JD.com
JD
$40B
– –
-730,455
Closed -$29.6M
LVS icon
95
Las Vegas Sands
LVS
$30.1B
– –
-265,015
Closed -$19.1M
NFLX icon
96
Netflix
NFLX
$290B
– –
-6,885,620
Closed -$203M
NUE icon
97
Nucor
NUE
$53.9B
– –
-140,000
Closed -$8.55M
PAGS icon
98
PagSeguro Digital
PAGS
$2.53B
– –
-235,710
Closed -$9.03M
RGLD icon
99
Royal Gold
RGLD
$16.1B
– –
-97,000
Closed -$8.33M
SE icon
100
Sea Limited
SE
$63.7B
– –
-1,921,816
Closed -$21.7M
1 2 3
4
5

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RIG
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LAM
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OCM
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Carmignac Gestion's Q2 2018 Portfolio in Review

As of Q2 2018, Carmignac Gestion held 107 positions worth $13.4B, down 6% from $14.3B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Carmignac Gestion withdrew a net $1.14B in Q2 2018, closing 13 positions and reducing 40 holdings. Its most notable exit was Apple, an estimated $343M position sold in full.

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

Against the trend, Carmignac Gestion opened a new position in Constellation Brands worth $238M.

  • Carmignac Gestion's largest Q2 2018 buy was Constellation Brands: 1,087,452 shares worth $238M.
  • Carmignac Gestion added most to Bank of America in Q2 2018, an estimated $66.8M increase.
  • Carmignac Gestion's biggest Q2 2018 reduction was Meta Platforms (Facebook), cutting an estimated $336M.
  • Carmignac Gestion fully exited Apple in Q2 2018, selling an estimated $343M.
  • Carmignac Gestion's ten largest holdings make up 39% of its $13.4B portfolio in Q2 2018.
  • Carmignac Gestion opened 14 new positions and closed 13 in Q2 2018.
  • Carmignac Gestion's portfolio value fell 6% quarter-over-quarter to $13.4B.

Based on Carmignac Gestion's 13F filing for Q2 2018, filed 13 Aug 2018.