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
Cap. Flow
+$977M
Cap. Flow %
12.68%
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
AVGO icon
Broadcom
AVGO
+$326M
2
MCK icon
McKesson
MCK
+$245M
3
COR icon
Cencora
COR
+$186M
4
MA icon
Mastercard
MA
+$176M
5
TW icon
Tradeweb Markets
TW
+$173M

Top Sells

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$182M
2
AMZN icon
Amazon
AMZN
+$143M
3
XYZ icon
Block Inc
XYZ
+$137M
4
NOW icon
ServiceNow
NOW
+$113M
5
ANET icon
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
BKNG icon
101
Booking.com
BKNG
$121B
– –
-368,550
Closed -$62.1M –
COST icon
102
Costco
COST
$435B
– –
-1,151
Closed -$1.15M –
CRDO icon
103
Credo Technology Group
CRDO
$33.7B
– –
-364,500
Closed -$34.2M –
CRM icon
104
Salesforce
CRM
$194B
– –
-974,129
Closed -$182M –
CSCO icon
105
Cisco
CSCO
$448B
– –
-15,796
Closed -$1.23M –
CSGS icon
106
DELISTED
CSG Systems International
CSGS
– –
-103,097
Closed -$8.24M –
CTLP icon
107
DELISTED
Cantaloupe
CTLP
– –
-1,075,505
Closed -$11.6M –
CWAN icon
108
DELISTED
Clearwater Analytics
CWAN
– –
-90,586
Closed -$2.14M –
DAWN icon
109
DELISTED
Day One Biopharmaceuticals
DAWN
– –
-13,691
Closed -$294K –
FOLD icon
110
DELISTED
Amicus Therapeutics
FOLD
– –
-784,508
Closed -$11.3M –
HLT icon
111
Hilton Worldwide
HLT
$73.8B
– –
-2,990
Closed -$909K –
HOLX icon
112
DELISTED
Hologic
HOLX
– –
-205,034
Closed -$15.5M –
INTU icon
113
Intuit
INTU
$83B
– –
-1,164
Closed -$503K –
JPM icon
114
JPMorgan Chase
JPM
$890B
– –
-3,308
Closed -$1.03M –
KEYS icon
115
Keysight
KEYS
$60.9B
– –
-10,000
Closed -$2.82M –
KLAC icon
116
KLA
KLAC
$233B
– –
-90,000
Closed -$13.3M –
LLY icon
117
Eli Lilly
LLY
$1.08T
– –
-584
Closed -$537K –
MAR icon
118
Marriott International
MAR
$97B
– –
-2,838
Closed -$928K –
MASI icon
119
DELISTED
Masimo
MASI
– –
-64,831
Closed -$11.5M –
MU icon
120
Micron Technology
MU
$1.03T
– –
-15,000
Closed -$5.07M –
NFLX icon
121
Netflix
NFLX
$294B
– –
-3,071
Closed -$270K –
ONTF icon
122
DELISTED
ON24
ONTF
– –
-178,555
Closed -$1.45M –
PRA icon
123
DELISTED
ProAssurance
PRA
– –
-217,263
Closed -$5.37M –
P icon
124
Everpure Inc
P
$47.1B
– –
-40,000
Closed -$2.36M –
SEMR icon
125
DELISTED
Semrush
SEMR
– –
-306,262
Closed -$3.66M –
2 3 4
5
6

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EGM
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XT
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AL
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NAMA
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AAB
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SIAU
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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.