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
+31.73%
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
$7.24B
AUM Growth
+$1.38B
Cap. Flow
-$243M
Cap. Flow %
-3.35%
Top 10 Hldgs %
44.19%
Holding
161
New
29
Increased
44
Reduced
42
Closed
35
Avg Time Held Equity + Options
1.3 years
Top 10 Avg Time Held Equity + Options
1.9 years
Top 20 Avg Time Held Equity + Options
1.3 years
Avg Time Held Equity only
1.3 years
Top 10 Avg Time Held Equity only
1.9 years
Top 20 Avg Time Held Equity only
1.3 years

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$135M
2
BAX icon
Baxter International
BAX
+$132M
3
BSX icon
Boston Scientific
BSX
+$115M
4
MDT icon
Medtronic
MDT
+$112M
5
BXMT icon
Blackstone Mortgage Trust
BXMT
+$91.1M

Top Sells

Rank Stock Value
1
WUBA
58.com Inc
WUBA
+$179M
2
PYPL icon
PayPal
PYPL
+$119M
3
EW icon
Edwards Lifesciences
EW
+$104M
4
AMZN icon
Amazon
AMZN
+$94M
5
TMO icon
Thermo Fisher Scientific
TMO
+$84.8M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 21.02%
2 Healthcare 17.89%
3 Technology 17.7%
4 Communication Services 15.92%
5 Consumer Staples 10.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
JD icon
1
JD.com
JD
$35.9B
$604M 8.34%
10,033,396
+702,299
+8% +$35.6M
2018 Q3
7 quarters
AMZN icon
2
Amazon
AMZN
$2.73T
$449M 6.21%
3,256,960
-778,000
-19% -$94M
2019 Q4
2 quarters
META icon
3
Meta Platforms (Facebook)
META
$1.87T
$354M 4.89%
1,558,513
-77,957
-5% -$16.3M
2013 Q4
26 quarters
GOOGL icon
4
Alphabet (Google) Class A
GOOGL
$4.25T
$324M 4.48%
4,573,340
-82,700
-2% -$5.58M
2018 Q3
7 quarters
STZ icon
5
Constellation Brands
STZ
$21.5B
$322M 4.44%
1,838,402
+137,908
+8% +$23M
2018 Q2
8 quarters
FIS icon
6
Fidelity National Information Services
FIS
$18B
$268M 3.71%
2,002,462
+388,246
+24% +$51M
2019 Q3
3 quarters
CRM icon
7
Salesforce
CRM
$195B
$233M 3.22%
1,244,375
+269,826
+28% +$45.5M
2019 Q3
3 quarters
NEM icon
8
Newmont
NEM
$116B
$222M 3.06%
3,588,966
-260,526
-7% -$15.4M
2016 Q1
17 quarters
ELV icon
9
Elevance Health
ELV
$91.9B
$214M 2.96%
814,499
+32,959
+4% +$8.79M
2018 Q3
7 quarters
ICE icon
10
Intercontinental Exchange
ICE
$87.3B
$209M 2.88%
2,277,726
-136,198
-6% -$12.5M
2013 Q2
28 quarters
ESTC icon
11
Elastic
ESTC
$9.69B
$193M 2.66%
2,088,924
+158,850
+8% +$11.6M
2019 Q2
4 quarters
CNC icon
12
Centene
CNC
$34.2B
$179M 2.47%
2,810,072
+307,716
+12% +$20M
2019 Q2
4 quarters
BKNG icon
13
Booking.com
BKNG
$119B
$170M 2.34%
2,663,175
+223,775
+9% +$13.6M
2018 Q2
8 quarters
MRK icon
14
Merck
MRK
$364B
$169M 2.33%
2,284,582
+522,885
+30% +$39.4M
2019 Q4
2 quarters
PYPL icon
15
PayPal
PYPL
$47.6B
$162M 2.24%
929,172
-862,015
-48% -$119M
2018 Q4
6 quarters
GDDY icon
16
GoDaddy
GDDY
$13.1B
$162M 2.23%
2,205,993
-261,777
-11% -$18.8M
2019 Q1
5 quarters
WPM icon
17
Wheaton Precious Metals
WPM
$58.1B
$157M 2.17%
3,571,228
-427,395
-11% -$16.8M
2016 Q1
17 quarters
TMUS icon
18
T-Mobile US
TMUS
$168B
$146M 2.02%
1,406,401
+291,179
+26% +$27.9M
2020 Q1
1 quarter
NFLX icon
19
Netflix
NFLX
$293B
$144M 1.99%
+3,169,070
New +$135M
2020 Q2
0 quarters
BAX icon
20
Baxter International
BAX
$12.8B
$131M 1.81%
+1,518,327
New +$132M
2020 Q2
0 quarters
KHC icon
21
The Kraft Heinz Company
KHC
$27B
$122M 1.69%
3,834,281
+241,502
+7% +$7.25M
2019 Q4
2 quarters
GDS icon
22
GDS Holdings
GDS
$5.09B
$114M 1.58%
1,434,913
-59,781
-4% -$3.7M
2020 Q1
1 quarter
BSX icon
23
Boston Scientific
BSX
$61.4B
$112M 1.55%
+3,200,575
New +$115M
2020 Q2
0 quarters
PG icon
24
Procter & Gamble
PG
$361B
$109M 1.5%
907,790
-96,001
-10% -$11.2M
2019 Q3
3 quarters
KC icon
25
Kingsoft Cloud Holdings
KC
$2.6B
$108M 1.49%
+3,425,126
New +$78.5M
2020 Q2
0 quarters
1
2 3 4 5

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EGM
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XT
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AL
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NAMA
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AAB
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SIAU
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Carmignac Gestion's Q2 2020 Portfolio in Review

As of Q2 2020, Carmignac Gestion held 161 positions worth $7.24B, up 24% from $5.86B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Carmignac Gestion withdrew a net $243M in Q2 2020, closing 35 positions and reducing 42 holdings. Its most notable exit was Take-Two Interactive, an estimated $55.4M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Carmignac Gestion opened a new position in Netflix worth $144M.

  • Carmignac Gestion's largest Q2 2020 buy was Netflix: 3,169,070 shares worth $144M.
  • Carmignac Gestion added most to Fidelity National Information Services in Q2 2020, an estimated $51M increase.
  • Carmignac Gestion's biggest Q2 2020 reduction was 58.com Inc, cutting an estimated $179M.
  • Carmignac Gestion fully exited Take-Two Interactive in Q2 2020, selling an estimated $55.4M.
  • Carmignac Gestion's ten largest holdings make up 44% of its $7.24B portfolio in Q2 2020.
  • Carmignac Gestion opened 29 new positions and closed 35 in Q2 2020.
  • Carmignac Gestion's portfolio value rose 24% quarter-over-quarter to $7.24B.

Based on Carmignac Gestion's 13F filing for Q2 2020, filed 13 Aug 2020.