We are live on
!
Find out more
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
+1.9%
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
$7.39B
AUM Growth
+$684M
(+10%)
Cap. Flow
+$547M
Cap. Flow
% of AUM
7.4%
Top 10 Holdings %
Top 10 Hldgs %
51.89%
Holding
170
New
38
Increased
43
Reduced
24
Closed
45
Avg Time Held Equity + Options
1.8
years
Top 10 Avg Time Held Equity + Options
1.5
years
Top 20 Avg Time Held Equity + Options
1.9
years
Avg Time Held Equity only
1.9
years
Top 10 Avg Time Held Equity only
1.5
years
Top 20 Avg Time Held Equity only
1.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$313M |
| 2 |
Atlassian
TEAM
|
+$186M |
| 3 |
ServiceNow
NOW
|
+$131M |
| 4 |
Salesforce
CRM
|
+$128M |
| 5 |
Block Inc
XYZ
|
+$104M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$282M |
| 2 |
Meta Platforms (Facebook)
META
|
+$150M |
| 3 |
Amazon
AMZN
|
+$110M |
| 4 |
Eli Lilly
LLY
|
+$90.3M |
| 5 |
Eaton
ETN
|
+$81.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.19% |
| 2 | Financials | 16.28% |
| 3 | Healthcare | 14.81% |
| 4 | Consumer Discretionary | 12.74% |
| 5 | Communication Services | 6.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Yeti Holdings
YETI
$3.07B
| $2.16M | 0.03% |
49,010
+11,707
| +31% | +$450K |
2025 Q2
2 quarters
|
|
102
Sherwin-Williams
SHW
$81.8B
| $1.88M | 0.03% |
5,814
-1,150
| -17% | -$385K |
2025 Q1
3 quarters
|
|
103
Tencent Music
TME
$14.1B
| $1.85M | 0.03% |
105,310
+5,133
| +5% | +$104K |
2023 Q4
8 quarters
|
|
104
MakeMyTrip
MMYT
$4.4B
| $1.81M | 0.02% |
+21,993
| New | +$1.8M |
2025 Q4
0 quarters
|
|
105
Adobe
ADBE
$97.9B
| $1.75M | 0.02% |
+5,000
| New | +$1.7M |
2025 Q4
0 quarters
|
|
106
Zoom
ZM
$28.7B
| $1.73M | 0.02% |
+20,000
| New | +$1.68M |
2025 Q4
0 quarters
|
|
107
DELISTED
Dynavax Technologies
DVAX
| $1.72M | 0.02% |
+111,974
| New | +$1.23M |
2025 Q4
0 quarters
|
|
108
Bank of America
BAC
$362B
| $1.47M | 0.02% |
+26,682
| New | +$1.41M |
2025 Q4
0 quarters
|
|
109
Alibaba
BABA
$276B
| $1.4M | 0.02% |
+9,540
| New | +$1.55M |
2025 Q4
0 quarters
|
|
110
Qualcomm
QCOM
$191B
| $1.37M | 0.02% |
8,000
| – | – |
2025 Q3
1 quarter
|
|
111
Gaotu Techedu
GOTU
$628M
| $1.02M | 0.01% |
440,947
| – | – |
2024 Q4
4 quarters
|
|
112
EHang Holdings
EH
$296M
| $1.01M | 0.01% |
76,985
+14,312
| +23% | +$226K |
2021 Q1
19 quarters
|
|
113
Qfin Holdings
QFIN
$708M
| $753K | 0.01% |
39,081
| – | – |
2025 Q3
1 quarter
|
|
114
International Money Express
IMXI
$320M
| $704K | 0.01% |
45,802
| – | – |
2025 Q3
1 quarter
|
|
115
Cipher Digital
CIFR
$4.17B
| $698K | 0.01% |
+47,312
| New | +$835K |
2025 Q4
0 quarters
|
|
116
TSMC
TSM
$2.19T
| $638K | 0.01% |
2,100
-10,022
| -83% | -$2.94M |
2015 Q4
40 quarters
|
|
117
United Rentals
URI
$65.2B
| $528K | 0.01% |
+652
| New | +$566K |
2025 Q4
0 quarters
|
|
118
AngloGold Ashanti
AU
$46.3B
| $522K | 0.01% |
+6,122
| New | +$477K |
2025 Q4
0 quarters
|
|
119
DELISTED
WideOpenWest
WOW
| $208K | ﹤0.01% |
40,038
| – | – |
2025 Q3
1 quarter
|
|
|
120
CALL
Amazon
AMZN
$2.75T
| – | – |
0
| – | -$2.63K |
2025 Q3
1 quarter
|
|
121
DELISTED
AvidXchange
AVDX
| – | – |
-375,768
| Closed | -$3.74M | – |
|
122
Celestica
CLS
$39.8B
| – | – |
-158,000
| Closed | -$38.9M | – |
|
123
DELISTED
Clearside Biomedical
CLSD
| – | – |
-100,556
| Closed | -$399K | – |
|
124
Centene
CNC
$34.8B
| – | – |
-848,000
| Closed | -$30.3M | – |
|
125
Coinbase
COIN
$48.5B
| – | – |
-559
| Closed | -$189K | – |
|
Similar funds
Carmignac Gestion's Q4 2025 Portfolio in Review
As of Q4 2025, Carmignac Gestion held 170 positions worth $7.39B, up 10% from $6.71B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Carmignac Gestion deployed $547M of net new capital in Q4 2025, opening 38 new positions and adding to 43 existing holdings. Its largest new stake was Novo Nordisk: 1,003,300 shares worth $51M.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 30% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $282M trimmed.
- Carmignac Gestion's largest Q4 2025 buy was Novo Nordisk: 1,003,300 shares worth $51M.
- Carmignac Gestion added most to Microsoft in Q4 2025, an estimated $313M increase.
- Carmignac Gestion's biggest Q4 2025 reduction was Alphabet (Google) Class A, cutting an estimated $282M.
- Carmignac Gestion fully exited Eaton in Q4 2025, selling an estimated $81.1M.
- Carmignac Gestion's ten largest holdings make up 52% of its $7.39B portfolio in Q4 2025.
- Carmignac Gestion opened 38 new positions and closed 45 in Q4 2025.
- Carmignac Gestion's portfolio value rose 10% quarter-over-quarter to $7.39B.
Based on Carmignac Gestion's 13F filing for Q4 2025, filed 13 Feb 2026.