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
GOOGL icon
126
CALL
Alphabet (Google) Class A
GOOGL
$4.25T
– –
0
– –
2024 Q4
2 quarters
ACHR icon
127
CALL
Archer Aviation
ACHR
$3.13B
– –
0
– –
2025 Q2
0 quarters
UNH icon
128
CALL
UnitedHealth
UNH
$355B
– –
0
– –
2025 Q2
0 quarters
ADI icon
129
Analog Devices
ADI
$196B
– –
-20,792
Closed -$4.19M –
ADSK icon
130
Autodesk
ADSK
$48.3B
– –
-22,191
Closed -$5.81M –
ALB icon
131
Albemarle
ALB
$11.6B
– –
-3,999
Closed -$288K –
AMAT icon
132
Applied Materials
AMAT
$354B
– –
-12,530
Closed -$1.82M –
AMD icon
133
Advanced Micro Devices
AMD
$932B
– –
-11,975
Closed -$1.23M –
BABA icon
134
Alibaba
BABA
$277B
– –
-4,933
Closed -$652K –
CCJ icon
135
Cameco
CCJ
$35.5B
– –
-88,933
Closed -$3.66M –
CL icon
136
Colgate-Palmolive
CL
$74B
– –
-367,042
Closed -$34.3M –
DAR icon
137
Darling Ingredients
DAR
$9.84B
– –
-30,917
Closed -$966K –
DESP icon
138
DELISTED
Despegar.com
DESP
– –
-234,586
Closed -$4.41M –
DFS icon
139
DELISTED
Discover Financial Services
DFS
– –
-28,457
Closed -$4.86M –
DQ icon
140
Daqo New Energy
DQ
$725M
– –
-122,514
Closed -$2.22M –
ECL icon
141
Ecolab
ECL
$80.7B
– –
-10,656
Closed -$2.7M –
ELV icon
142
Elevance Health
ELV
$92.8B
– –
-1,176
Closed -$512K –
FERG icon
143
Ferguson
FERG
$43.1B
– –
-8,684
Closed -$1.39M –
HEES icon
144
DELISTED
H&E Equipment Services
HEES
– –
-35,923
Closed -$3.41M –
HES icon
145
DELISTED
Hess
HES
– –
-8,379
Closed -$1.34M –
HXL icon
146
Hexcel
HXL
$6.64B
– –
-7,804
Closed -$427K –
INOD icon
147
Innodata
INOD
$1.83B
– –
-2,500
Closed -$89.8K –
JD icon
148
JD.com
JD
$36B
– –
-463,364
Closed -$19.1M –
JWN icon
149
DELISTED
Nordstrom
JWN
– –
-70,190
Closed -$1.72M –
K icon
150
DELISTED
Kellanova
K
– –
-91,934
Closed -$7.58M –
4 5
6
7 8

Similar funds

CGH
Crossmark Global Holdings Houston, Texas $7.71B AUM 37.66% 1-Year Est. Return
EGM
Engineers Gate Manager New York $7.71B AUM 24.88% 1-Year Est. Return
AC
Aristeia Capital Greenwich, Connecticut $7.69B AUM 15.48% 1-Year Est. Return
XT
XTX Topco George Town, Cayman Islands $7.72B AUM 32.88% 1-Year Est. Return
AL
Appaloosa LP Short Hills, New Jersey $7.73B AUM 104.51% 1-Year Est. Return
NAMA
Nikko Asset Management Americas New York $7.75B AUM 33.73% 1-Year Est. Return
AAB
ABN AMRO Bank Amsterdam, Netherlands $7.75B AUM 22.95% 1-Year Est. Return
SIAU
SB Investment Advisers (UK) London, United Kingdom $7.66B AUM 20.12% 1-Year Est. Return

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.