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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
+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
(+6.7%)
Cap. Flow
-$561M
Cap. Flow
% of AUM
-8.63%
Top 10 Holdings %
Top 10 Hldgs %
51.73%
Holding
181
New
22
Increased
42
Reduced
49
Closed
52
Avg Time Held Equity + Options
2.1
years
Top 10 Avg Time Held Equity + Options
1.1
years
Top 20 Avg Time Held Equity + Options
1.7
years
Avg Time Held Equity only
2.2
years
Top 10 Avg Time Held Equity only
1.1
years
Top 20 Avg Time Held Equity only
1.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$157M |
| 2 |
Thermo Fisher Scientific
TMO
|
+$84.5M |
| 3 |
Arista Networks
ANET
|
+$68.9M |
| 4 |
S&P Global
SPGI
|
+$65.3M |
| 5 |
Salesforce
CRM
|
+$61.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SLB Ltd
SLB
|
+$192M |
| 2 |
Synopsys
SNPS
|
+$154M |
| 3 |
Amazon
AMZN
|
+$141M |
| 4 |
Centene
CNC
|
+$138M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
76
DELISTED
Radius Recycling
RDUS
| $4.65M | 0.07% |
+156,757
| New | +$4.6M |
2025 Q2
0 quarters
|
|
77
DELISTED
Global Blue Group Holding
GB
| $4.51M | 0.07% |
603,472
-35,562
| -6% | -$264K |
2025 Q1
1 quarter
|
|
78
Visa
V
$749B
| $4.41M | 0.07% |
12,429
| – | – |
2021 Q2
16 quarters
|
|
79
Alamos Gold
AGI
$13.2B
| $4.18M | 0.06% |
+157,543
| New | +$4.21M |
2025 Q2
0 quarters
|
|
80
Galicia Financial Group
GGAL
$5.75B
| $3.89M | 0.06% |
77,070
-61,962
| -45% | -$3.55M |
2024 Q3
3 quarters
|
|
81
DELISTED
Cantaloupe
CTLP
| $3.59M | 0.06% |
+326,466
| New | +$2.83M |
2025 Q2
0 quarters
|
|
82
DELISTED
Interpublic Group of Companies
IPG
| $3.47M | 0.05% |
+141,766
| New | +$3.45M |
2025 Q2
0 quarters
|
|
83
DELISTED
Juniper Networks
JNPR
| $3.33M | 0.05% |
83,454
-4,546
| -5% | -$163K |
2024 Q1
5 quarters
|
|
84
JPMorgan Chase
JPM
$888B
| $3.21M | 0.05% |
11,057
-2,317
| -17% | -$591K |
2025 Q1
1 quarter
|
|
85
Franco-Nevada
FNV
$46.6B
| $3.2M | 0.05% |
19,550
| – | – |
2025 Q1
1 quarter
|
|
86
Marriott International
MAR
$100B
| $3.07M | 0.05% |
11,225
-975
| -8% | -$245K |
2019 Q2
24 quarters
|
|
87
Hilton Worldwide
HLT
$76.8B
| $3.01M | 0.05% |
11,311
-1,052
| -9% | -$250K |
2021 Q3
15 quarters
|
|
88
TSMC
TSM
$2.18T
| $2.89M | 0.04% |
12,775
-216,098
| -94% | -$40M |
2015 Q4
38 quarters
|
|
89
TaskUs
TASK
$788M
| $2.87M | 0.04% |
171,507
+86,507
| +102% | +$1.32M |
2021 Q2
16 quarters
|
|
90
Tencent Music
TME
$14.1B
| $2.68M | 0.04% |
137,269
+25,667
| +23% | +$403K |
2023 Q4
6 quarters
|
|
91
Sherwin-Williams
SHW
$81.9B
| $2.62M | 0.04% |
7,632
-12
| -0.2% | -$4.16K |
2025 Q1
1 quarter
|
|
92
DELISTED
Guild Holdings
GHLD
| $2.36M | 0.04% |
+119,606
| New | +$1.72M |
2025 Q2
0 quarters
|
|
93
Astera Labs
ALAB
$51B
| $2.35M | 0.04% |
26,000
+14,000
| +117% | +$1.11M |
2025 Q1
1 quarter
|
|
94
DELISTED
Triumph Group
TGI
| $2.31M | 0.04% |
89,818
+24,720
| +38% | +$630K |
2024 Q4
2 quarters
|
|
95
DELISTED
ProAssurance
PRA
| $2.28M | 0.04% |
99,759
+22,363
| +29% | +$516K |
2025 Q1
1 quarter
|
|
96
DELISTED
Skechers
SKX
| $2.13M | 0.03% |
33,786
-326,214
| -91% | -$18.7M |
2024 Q3
3 quarters
|
|
97
DELISTED
AvidXchange
AVDX
| $2.1M | 0.03% |
+214,818
| New | +$1.94M |
2025 Q2
0 quarters
|
|
98
VNET Group
VNET
$1.25B
| $2.01M | 0.03% |
291,452
+119,976
| +70% | +$718K |
2025 Q1
1 quarter
|
|
99
DELISTED
Vigil Neuroscience
VIGL
| $1.92M | 0.03% |
+241,755
| New | +$1.08M |
2025 Q2
0 quarters
|
|
100
EHang Holdings
EH
$286M
| $1.85M | 0.03% |
106,479
-14,032
| -12% | -$238K |
2021 Q1
17 quarters
|
|
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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.