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
+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
Cap. Flow
-$561M
Cap. Flow %
-8.63%
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
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$157M
2
TMO icon
Thermo Fisher Scientific
TMO
+$84.5M
3
ANET icon
Arista Networks
ANET
+$68.9M
4
SPGI icon
S&P Global
SPGI
+$65.3M
5
CRM icon
Salesforce
CRM
+$61.3M

Top Sells

Rank Stock Value
1
SLB icon
SLB Ltd
SLB
+$192M
2
SNPS icon
Synopsys
SNPS
+$154M
3
AMZN icon
Amazon
AMZN
+$141M
4
CNC icon
Centene
CNC
+$138M
5
PH icon
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
YETI icon
101
Yeti Holdings
YETI
$2.96B
$1.84M 0.03%
+58,227
New +$1.75M
2025 Q2
0 quarters
VRT icon
102
Vertiv
VRT
$85.8B
$1.28M 0.02%
+10,000
New +$972K
2025 Q2
0 quarters
CLSD icon
103
DELISTED
Clearside Biomedical
CLSD
$1.21M 0.02%
100,556
– –
2020 Q1
21 quarters
MRC icon
104
DELISTED
MRC Global
MRC
$1.14M 0.02%
+83,408
New +$1.01M
2025 Q2
0 quarters
LAUR icon
105
Laureate Education
LAUR
$5.43B
$935K 0.01%
40,000
– –
2024 Q2
4 quarters
BRDG icon
106
DELISTED
Bridge Investment Group
BRDG
$889K 0.01%
88,805
-5,209
-6% -$48.6K
2025 Q1
1 quarter
SRDX icon
107
DELISTED
Surmodics
SRDX
$821K 0.01%
27,622
-33,452
-55% -$964K
2024 Q3
3 quarters
GOTU icon
108
Gaotu Techedu
GOTU
$628M
$755K 0.01%
209,068
-192,791
-48% -$661K
2024 Q4
2 quarters
WNS icon
109
DELISTED
WNS Holdings
WNS
$632K 0.01%
10,000
– –
2024 Q2
4 quarters
KT icon
110
KT
KT
$8.65B
$623K 0.01%
+30,000
New +$571K
2025 Q2
0 quarters
DDOG icon
111
Datadog
DDOG
$96.7B
$513K 0.01%
+3,822
New +$423K
2025 Q2
0 quarters
CVAC icon
112
DELISTED
CureVac
CVAC
$470K 0.01%
+86,612
New +$343K
2025 Q2
0 quarters
SPOT icon
113
Spotify
SPOT
$108B
$467K 0.01%
608
+311
+105% +$200K
2025 Q1
1 quarter
DELL icon
114
Dell
DELL
$323B
$415K 0.01%
+3,385
New +$346K
2025 Q2
0 quarters
VEEV icon
115
Veeva Systems
VEEV
$48.1B
$374K 0.01%
1,300
-18,880
-94% -$4.68M
2019 Q2
24 quarters
GLOB icon
116
Globant
GLOB
$1.59B
$363K 0.01%
4,000
+1,000
+33% +$107K
2023 Q3
7 quarters
RNW icon
117
ReNew
RNW
$2.51B
$346K 0.01%
50,000
– –
2024 Q4
2 quarters
RDFN icon
118
DELISTED
Redfin
RDFN
$300K ﹤0.01%
26,818
-1,575
-6% -$15.5K
2025 Q1
1 quarter
IBKR icon
119
Interactive Brokers
IBKR
$38.1B
$250K ﹤0.01%
+4,514
New +$214K
2025 Q2
0 quarters
GRMN icon
120
Garmin
GRMN
$53.9B
$167K ﹤0.01%
800
– –
2019 Q2
24 quarters
TSLA icon
121
Tesla
TSLA
$1.45T
$159K ﹤0.01%
500
-500
-50% -$151K
2024 Q4
2 quarters
NKE icon
122
CALL
Nike
NKE
$52.4B
– –
0
– –
2025 Q2
0 quarters
RBLX icon
123
CALL
Roblox
RBLX
$34B
– –
0
– –
2024 Q4
2 quarters
MA icon
124
CALL
Mastercard
MA
$528B
– –
0
– –
2025 Q2
0 quarters
NVDA icon
125
CALL
NVIDIA
NVDA
$5.34T
– –
0
– –
2025 Q2
0 quarters
3 4
5
6 7

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EGM
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XT
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NAMA
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AAB
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SIAU
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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.