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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 | |
|---|---|---|---|---|---|---|---|
126
Carpenter Technology
CRS
$18.9B
| – | – |
-69,000
| Closed | -$16.9M | – |
|
127
DELISTED
CureVac
CVAC
| – | – |
-235,180
| Closed | -$1.27M | – |
|
128
Dell
DELL
$301B
| – | – |
-4,193
| Closed | -$594K | – |
|
129
Danaher
DHR
$163B
| – | – |
-44,359
| Closed | -$8.72M | – |
|
130
DELISTED
Enstar Group
ESGR
| – | – |
-35,000
| Closed | -$3.5M | – |
|
|
131
Eaton
ETN
$156B
| – | – |
-216,700
| Closed | -$81.1M | – |
|
132
Comfort Systems
FIX
$52.1B
| – | – |
-48,400
| Closed | -$39.9M | – |
|
133
First Solar
FSLR
$19.2B
| – | – |
-2,180
| Closed | -$481K | – |
|
134
DELISTED
Guild Holdings
GHLD
| – | – |
-182,235
| Closed | -$3.63M | – |
|
135
Globant
GLOB
$1.69B
| – | – |
-4,000
| Closed | -$230K | – |
|
136
Garmin
GRMN
$55B
| – | – |
-800
| Closed | -$197K | – |
|
137
DELISTED
Hanesbrands
HBI
| – | – |
-1,452,361
| Closed | -$9.57M | – |
|
138
DELISTED
Integral Ad Science
IAS
| – | – |
-266,001
| Closed | -$2.71M | – |
|
139
DELISTED
Informatica
INFA
| – | – |
-368,908
| Closed | -$9.16M | – |
|
140
DELISTED
Kellanova
K
| – | – |
-117,086
| Closed | -$9.6M | – |
|
141
Laureate Education
LAUR
$5.38B
| – | – |
-40,000
| Closed | -$1.26M | – |
|
142
Liberty Global Class A
LBTYA
$2.74B
| – | – |
-158,207
| Closed | -$5.3M | – |
|
143
Linde
LIN
$227B
| – | – |
-93,794
| Closed | -$44.6M | – |
|
144
DELISTED
MeridianLink
MLNK
| – | – |
-107
| Closed | -$2.13K | – |
|
145
DELISTED
MRC Global
MRC
| – | – |
-551,126
| Closed | -$7.95M | – |
|
146
DELISTED
Merus
MRUS
| – | – |
-167,532
| Closed | -$15.8M | – |
|
147
DELISTED
Metals Acquisition
MTAL
| – | – |
-212,545
| Closed | -$2.6M | – |
|
148
CALL
Nike
NKE
$55.2B
| – | – |
0
| – | -$1.39K |
2025 Q2
2 quarters
|
|
149
Oracle
ORCL
$408B
| – | – |
-4,000
| Closed | -$1.12M | – |
|
|
ORLA
150
DELISTED
Orla Mining
ORLA
| – | – |
-179,881
| Closed | -$1.94M | – |
|
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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.