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Carmignac Gestion

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
+15.58%
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
$5.95B
AUM Growth
+$508M
Cap. Flow
-$208M
Cap. Flow %
-3.5%
Top 10 Hldgs %
50.72%
Holding
170
New
26
Increased
54
Reduced
47
Closed
26
Avg Time Held
2.2 years
Top 10 Avg Time Held
0.7 years
Top 20 Avg Time Held
1.5 years

Top Buys

Rank Stock Value
1
EL icon
Estee Lauder
EL
+$151M
2
ITUB icon
Itaú Unibanco
ITUB
+$80.1M
3
SNAP icon
Snap
SNAP
+$79.7M
4
TSM icon
TSMC
TSM
+$56.2M
5
GE icon
GE Aerospace
GE
+$48.5M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$186M
2
BABA icon
Alibaba
BABA
+$90.2M
3
TMO icon
Thermo Fisher Scientific
TMO
+$75.7M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$63.8M
5
SYK icon
Stryker
SYK
+$55.5M

Sector Composition

Rank Sector Weight
1 Technology 26.2%
2 Healthcare 17.79%
3 Communication Services 13.56%
4 Financials 11.01%
5 Consumer Discretionary 10.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
RMD icon
151
ResMed
RMD
$34.1B
– –
-8,376
Closed -$1.24M –
VMC icon
152
Vulcan Materials
VMC
$32.7B
– –
-11,801
Closed -$2.38M –
CD icon
153
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
– –
-373,807
Closed -$3.1M –
SGEN
154
DELISTED
Seagen Inc. Common Stock
SGEN
– –
-38,071
Closed -$8.08M –
ARCE
155
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
– –
-337,730
Closed -$4.65M –
ABCM
156
DELISTED
Abcam PLC
ABCM
– –
-274,799
Closed -$6.22M –
HT
157
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
– –
-55,965
Closed -$552K –
AVTA
158
DELISTED
Avantax, Inc. Common Stock
AVTA
– –
-56,144
Closed -$1.44M –
SCU
159
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
– –
-413,124
Closed -$4.79M –
ARGO
160
DELISTED
Argo Group International Holdings, Ltd.
ARGO
– –
-105,899
Closed -$3.16M –
NXGN
161
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
– –
-49,881
Closed -$1.18M –
NEWR
162
DELISTED
New Relic, Inc.
NEWR
– –
-37,980
Closed -$3.25M –
ICPT
163
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
– –
-85,271
Closed -$1.58M –
TWNK
164
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
– –
-86,691
Closed -$2.89M –
AVID
165
DELISTED
Avid Technology Inc
AVID
– –
-150,841
Closed -$4.05M –
FRGI
166
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
– –
-164,035
Closed -$1.39M –
CIR icon
167
DELISTED
CIRCOR International, Inc
CIR
– –
-43,708
Closed -$2.44M –
NATI
168
DELISTED
National Instruments Corp
NATI
– –
-109,512
Closed -$6.53M –
HZNP
169
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-68,347
Closed -$7.91M –
ATVI
170
DELISTED
Activision Blizzard
ATVI
– –
-109,460
Closed -$10.2M –
3 4 5 6
7

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Carmignac Gestion's Q4 2023 Portfolio in Review

As of Q4 2023, Carmignac Gestion held 170 positions worth $5.95B, up 9.3% from $5.45B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Carmignac Gestion withdrew a net $208M in Q4 2023, closing 26 positions and reducing 47 holdings. Its most notable exit was CrowdStrike, an estimated $50.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Carmignac Gestion opened a new position in Itaú Unibanco worth $92.6M.

  • Carmignac Gestion's largest Q4 2023 buy was Itaú Unibanco: 15,102,989 shares worth $92.6M.
  • Carmignac Gestion added most to Estee Lauder in Q4 2023, an estimated $151M increase.
  • Carmignac Gestion's biggest Q4 2023 reduction was Microsoft, cutting an estimated $186M.
  • Carmignac Gestion fully exited CrowdStrike in Q4 2023, selling an estimated $50.5M.
  • Carmignac Gestion's ten largest holdings make up 51% of its $5.95B portfolio in Q4 2023.
  • Carmignac Gestion opened 26 new positions and closed 26 in Q4 2023.
  • Carmignac Gestion's portfolio value rose 9.3% quarter-over-quarter to $5.95B.

Based on Carmignac Gestion's 13F filing for Q4 2023, filed 13 Feb 2024.