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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 | |
|---|---|---|---|---|---|---|---|
151
O'Reilly Automotive
ORLY
$71.6B
| – | – |
-316,540
| Closed | -$34.1M | – |
|
152
DELISTED
PROS Holdings
PRO
| – | – |
-115,061
| Closed | -$2.64M | – |
|
153
CALL
Peloton Interactive
PTON
$2.34B
| – | – |
0
| – | -$15.9K |
2025 Q3
1 quarter
|
|
154
CALL
Rocket Lab Corp
RKLB
$35.3B
| – | – |
0
| – | -$1.15K |
2025 Q3
1 quarter
|
|
155
DELISTED
Sandstorm Gold
SAND
| – | – |
-270,957
| Closed | -$3.39M | – |
|
156
SAP
SAP
$260B
| – | – |
-37,500
| Closed | -$10M | – |
|
157
Synopsys
SNPS
$89.7B
| – | – |
-40,964
| Closed | -$20.2M | – |
|
158
DELISTED
Sapiens International
SPNS
| – | – |
-20,027
| Closed | -$861K | – |
|
159
Spotify
SPOT
$110B
| – | – |
-3,890
| Closed | -$2.72M | – |
|
160
DELISTED
Surmodics
SRDX
| – | – |
-27,622
| Closed | -$826K | – |
|
161
Molson Coors Class B
TAP
$7.28B
| – | – |
-265,000
| Closed | -$12M | – |
|
162
TaskUs
TASK
$781M
| – | – |
-121,507
| Closed | -$2.17M | – |
|
163
DELISTED
Triumph Group
TGI
| – | – |
-139,896
| Closed | -$14.9M | – |
|
164
DELISTED
Tourmaline Bio
TRML
| – | – |
-55,412
| Closed | -$2.65M | – |
|
165
Tesla
TSLA
$1.43T
| – | – |
-500
| Closed | -$222K | – |
|
166
CALL
UnitedHealth
UNH
$365B
| – | – |
0
| – | -$72.5K |
2025 Q2
2 quarters
|
|
167
CALL
United Parcel Service
UPS
$83.2B
| – | – |
0
| – | -$30.8K |
2025 Q3
1 quarter
|
|
168
DELISTED
Vimeo
VMEO
| – | – |
-607,609
| Closed | -$4.71M | – |
|
169
DELISTED
WNS Holdings
WNS
| – | – |
-155,639
| Closed | -$11.9M | – |
|
170
Astera Labs
ALAB
$52.4B
| – | – |
-6,000
| Closed | -$1.17M | – |
|
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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.