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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
+10.29%
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
$5.8B
AUM Growth
-$204M
Cap. Flow
-$541M
Cap. Flow %
-9.32%
Top 10 Hldgs %
48.23%
Holding
184
New
43
Increased
41
Reduced
48
Closed
20

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$185M
2
META icon
Meta Platforms (Facebook)
META
+$165M
3
SE icon
Sea Limited
SE
+$72.1M
4
TSM icon
TSMC
TSM
+$51.8M
5
HUM icon
Humana
HUM
+$37.9M

Top Sells

Rank Stock Value
1
ORCL icon
Oracle
ORCL
+$142M
2
SYK icon
Stryker
SYK
+$126M
3
ELV icon
Elevance Health
ELV
+$122M
4
PANW icon
Palo Alto Networks
PANW
+$102M
5
CRM icon
Salesforce
CRM
+$99M

Sector Composition

Rank Sector Weight
1 Technology 24.01%
2 Healthcare 19.34%
3 Consumer Discretionary 14.41%
4 Communication Services 11.3%
5 Financials 10.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FRG
101
DELISTED
Franchise Group, Inc.
FRG
$2.18M 0.04%
+76,028
New +$2.18M
GWW icon
102
W.W. Grainger
GWW
$65.9B
$2.16M 0.04%
2,743
– –
WTS icon
103
Watts Water Technologies
WTS
$11.6B
$2.11M 0.04%
11,509
– –
CSCO icon
104
Cisco
CSCO
$441B
$2.04M 0.04%
39,519
– –
DAR icon
105
Darling Ingredients
DAR
$10B
$1.97M 0.03%
30,917
– –
MEDP icon
106
Medpace
MEDP
$15.4B
$1.85M 0.03%
7,715
– –
HXL icon
107
Hexcel
HXL
$7.83B
$1.84M 0.03%
24,157
-19,148
-44% -$1.36M
ARNC
108
DELISTED
Arconic Corporation
ARNC
$1.83M 0.03%
+61,841
New +$1.71M
ON icon
109
ON Semiconductor
ON
$34B
$1.8M 0.03%
19,048
– –
FORG
110
DELISTED
ForgeRock, Inc.
FORG
$1.72M 0.03%
+83,957
New +$1.68M
PCOR icon
111
Procore
PCOR
$6.93B
$1.71M 0.03%
26,227
– –
ALB icon
112
Albemarle
ALB
$14.2B
$1.67M 0.03%
7,499
– –
ARGO
113
DELISTED
Argo Group International Holdings, Ltd.
ARGO
$1.64M 0.03%
+55,424
New +$1.63M
SEDG icon
114
SolarEdge
SEDG
$3.25B
$1.61M 0.03%
5,975
– –
ACN icon
115
Accenture
ACN
$87.9B
$1.36M 0.02%
4,415
-801
-15% -$233K
HLT icon
116
Hilton Worldwide
HLT
$73.1B
$1.14M 0.02%
7,848
-2,136
-21% -$304K
INTC icon
117
Intel
INTC
$478B
$1.14M 0.02%
34,043
-49,059
-59% -$1.54M
USX
118
DELISTED
U.S. Xpress Enterprises, Inc. Class A Common Stock
USX
$1.13M 0.02%
+184,160
New +$1.12M
SYNH
119
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$1.11M 0.02%
+26,432
New +$1.07M
ABST
120
DELISTED
Absolute Software Corp
ABST
$1.09M 0.02%
+95,321
New +$954K
INDT
121
DELISTED
INDUS Realty Trust, Inc. (MD) Common Stock
INDT
$1.08M 0.02%
+16,119
New +$1.07M
V icon
122
Visa
V
$682B
$1.08M 0.02%
4,547
-1,825
-29% -$418K
TDCX
123
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
$1.06M 0.02%
134,000
-8,024
-6% -$66.1K
CORT icon
124
Corcept Therapeutics
CORT
$9.72B
$1.02M 0.02%
45,820
– –
NDSN icon
125
Nordson
NDSN
$16.1B
$1.01M 0.02%
4,054
– –
3 4
5
6 7

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S
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RCWMU
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HI
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BF
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RIG
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LAM
Lyrical Asset Management New York $6.56B AUM 20.06% 1-Year Est. Return
OCM
Oaktree Capital Management Los Angeles, California $6.56B AUM 42.97% 1-Year Est. Return

Carmignac Gestion's Q2 2023 Portfolio in Review

As of Q2 2023, Carmignac Gestion held 184 positions worth $5.8B, down 3.4% from $6.01B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Carmignac Gestion withdrew a net $541M in Q2 2023, closing 20 positions and reducing 48 holdings. Its most notable exit was Constellation Brands, an estimated $82.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Carmignac Gestion opened a new position in Baxter International worth $39M.

  • Carmignac Gestion's largest Q2 2023 buy was Baxter International: 855,236 shares worth $39M.
  • Carmignac Gestion added most to Alphabet (Google) Class A in Q2 2023, an estimated $185M increase.
  • Carmignac Gestion's biggest Q2 2023 reduction was Oracle, cutting an estimated $142M.
  • Carmignac Gestion fully exited Constellation Brands in Q2 2023, selling an estimated $82.9M.
  • Carmignac Gestion's ten largest holdings make up 48% of its $5.8B portfolio in Q2 2023.
  • Carmignac Gestion opened 43 new positions and closed 20 in Q2 2023.
  • Carmignac Gestion's portfolio value fell 3.4% quarter-over-quarter to $5.8B.

Based on Carmignac Gestion's 13F filing for Q2 2023, filed 11 Aug 2023.