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
+15.19%
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
$8.46B
AUM Growth
+$1.22B
Cap. Flow
+$416M
Cap. Flow %
4.91%
Top 10 Hldgs %
40.58%
Holding
151
New
26
Increased
44
Reduced
51
Closed
17
Avg Time Held Equity + Options
1.3 years
Top 10 Avg Time Held Equity + Options
2.1 years
Top 20 Avg Time Held Equity + Options
1.6 years
Avg Time Held Equity only
1.3 years
Top 10 Avg Time Held Equity only
2.1 years
Top 20 Avg Time Held Equity only
1.6 years

Top Buys

Rank Stock Value
1
LULU icon
lululemon athletica
LULU
+$143M
2
MTCH icon
Match Group
MTCH
+$113M
3
MSFT icon
Microsoft
MSFT
+$111M
4
FISV icon
Fiserv Inc
FISV
+$110M
5
NIO icon
NIO
NIO
+$91.9M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$150M
2
KHC icon
The Kraft Heinz Company
KHC
+$122M
3
WUBA
58.com Inc
WUBA
+$72.4M
4
BDX icon
Becton Dickinson
BDX
+$60.5M
5
STZ icon
Constellation Brands
STZ
+$46.6M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 24.2%
2 Technology 22.29%
3 Communication Services 15.37%
4 Healthcare 15.21%
5 Financials 7.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
JD icon
1
JD.com
JD
$36B
$759M 8.98%
9,784,466
-248,930
-2% -$17.3M
2018 Q3
8 quarters
META icon
2
Meta Platforms (Facebook)
META
$1.88T
$411M 4.86%
1,570,721
+12,208
+0.8% +$3.15M
2013 Q4
27 quarters
AMZN icon
3
Amazon
AMZN
$2.74T
$363M 4.29%
2,306,980
-949,980
-29% -$150M
2019 Q4
3 quarters
GOOGL icon
4
Alphabet (Google) Class A
GOOGL
$4.25T
$333M 3.94%
4,546,700
-26,640
-0.6% -$2.03M
2018 Q3
8 quarters
STZ icon
5
Constellation Brands
STZ
$21.6B
$300M 3.55%
1,582,899
-255,503
-14% -$46.6M
2018 Q2
9 quarters
CRM icon
6
Salesforce
CRM
$194B
$298M 3.53%
1,186,840
-57,535
-5% -$12.6M
2019 Q3
4 quarters
FIS icon
7
Fidelity National Information Services
FIS
$18.3B
$294M 3.48%
1,998,955
-3,507
-0.2% -$507K
2019 Q3
4 quarters
ICE icon
8
Intercontinental Exchange
ICE
$87.1B
$228M 2.69%
2,276,881
-845
-0% -$83.3K
2013 Q2
29 quarters
NEM icon
9
Newmont
NEM
$118B
$226M 2.67%
3,561,593
-27,373
-0.8% -$1.78M
2016 Q1
18 quarters
ELV icon
10
Elevance Health
ELV
$92.8B
$218M 2.58%
812,196
-2,303
-0.3% -$620K
2018 Q3
8 quarters
NIO icon
11
NIO
NIO
$8.54B
$196M 2.32%
9,251,378
+5,970,858
+182% +$91.9M
2020 Q2
1 quarter
BKNG icon
12
Booking.com
BKNG
$121B
$190M 2.25%
2,777,200
+114,025
+4% +$8.01M
2018 Q2
9 quarters
ESTC icon
13
Elastic
ESTC
$9.67B
$184M 2.17%
1,704,597
-384,327
-18% -$37.7M
2019 Q2
5 quarters
MRK icon
14
Merck
MRK
$364B
$181M 2.13%
2,280,914
-3,668
-0.2% -$287K
2019 Q4
3 quarters
GDDY icon
15
GoDaddy
GDDY
$13.1B
$174M 2.06%
2,291,713
+85,720
+4% +$6.46M
2019 Q1
6 quarters
PYPL icon
16
PayPal
PYPL
$48B
$174M 2.06%
883,251
-45,921
-5% -$8.65M
2018 Q4
7 quarters
WPM icon
17
Wheaton Precious Metals
WPM
$58.9B
$174M 2.05%
3,538,044
-33,184
-0.9% -$1.69M
2016 Q1
18 quarters
KC icon
18
Kingsoft Cloud Holdings
KC
$2.62B
$166M 1.96%
5,613,224
+2,188,098
+64% +$74.8M
2020 Q2
1 quarter
GDS icon
19
GDS Holdings
GDS
$5.18B
$165M 1.96%
2,021,661
+586,748
+41% +$47M
2020 Q1
2 quarters
CNC icon
20
Centene
CNC
$34.7B
$164M 1.94%
2,805,872
-4,200
-0.1% -$261K
2019 Q2
5 quarters
TMUS icon
21
T-Mobile US
TMUS
$169B
$161M 1.9%
1,404,801
-1,600
-0.1% -$177K
2020 Q1
2 quarters
NFLX icon
22
Netflix
NFLX
$294B
$148M 1.75%
2,958,260
-210,810
-7% -$10.5M
2020 Q2
1 quarter
LULU icon
23
lululemon athletica
LULU
$10.9B
$141M 1.67%
+428,843
New +$143M
2020 Q3
0 quarters
BAX icon
24
Baxter International
BAX
$12.8B
$133M 1.57%
1,649,620
+131,293
+9% +$11M
2020 Q2
1 quarter
BSX icon
25
Boston Scientific
BSX
$62.3B
$122M 1.44%
3,196,075
-4,500
-0.1% -$173K
2020 Q2
1 quarter
1
2 3 4 5

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XT
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NAMA
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AAB
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SIAU
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Carmignac Gestion's Q3 2020 Portfolio in Review

As of Q3 2020, Carmignac Gestion held 151 positions worth $8.46B, up 17% from $7.24B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Carmignac Gestion deployed $416M of net new capital in Q3 2020, opening 26 new positions and adding to 44 existing holdings. Its largest new stake was lululemon athletica: 428,843 shares worth $141M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, up from 21% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Amazon, an estimated $150M trimmed.

  • Carmignac Gestion's largest Q3 2020 buy was lululemon athletica: 428,843 shares worth $141M.
  • Carmignac Gestion added most to Microsoft in Q3 2020, an estimated $111M increase.
  • Carmignac Gestion's biggest Q3 2020 reduction was Amazon, cutting an estimated $150M.
  • Carmignac Gestion fully exited The Kraft Heinz Company in Q3 2020, selling an estimated $122M.
  • Carmignac Gestion's ten largest holdings make up 41% of its $8.46B portfolio in Q3 2020.
  • Carmignac Gestion opened 26 new positions and closed 17 in Q3 2020.
  • Carmignac Gestion's portfolio value rose 17% quarter-over-quarter to $8.46B.

Based on Carmignac Gestion's 13F filing for Q3 2020, filed 13 Nov 2020.