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
+3.44%
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
$8.72B
AUM Growth
-$841M
Cap. Flow
-$835M
Cap. Flow %
-9.57%
Top 10 Hldgs %
42.14%
Holding
166
New
23
Increased
57
Reduced
39
Closed
32
Avg Time Held Equity + Options
1.4 years
Top 10 Avg Time Held Equity + Options
1.5 years
Top 20 Avg Time Held Equity + Options
1.3 years
Avg Time Held Equity only
1.5 years
Top 10 Avg Time Held Equity only
1.5 years
Top 20 Avg Time Held Equity only
1.3 years

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$214M
2
MSFT icon
Microsoft
MSFT
+$157M
3
ULTA icon
Ulta Beauty
ULTA
+$141M
4
COF icon
Capital One
COF
+$115M
5
UNH icon
UnitedHealth
UNH
+$108M

Top Sells

Rank Stock Value
1
STZ icon
Constellation Brands
STZ
+$191M
2
JD icon
JD.com
JD
+$188M
3
GDDY icon
GoDaddy
GDDY
+$186M
4
NEM icon
Newmont
NEM
+$164M
5
ICE icon
Intercontinental Exchange
ICE
+$157M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 24.46%
2 Technology 24.36%
3 Communication Services 19.78%
4 Healthcare 13.69%
5 Financials 9.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
JD icon
1
JD.com
JD
$36B
$638M 7.32%
7,571,906
-2,048,310
-21% -$188M
2018 Q3
10 quarters
META icon
2
Meta Platforms (Facebook)
META
$1.88T
$547M 6.27%
1,857,137
+106,583
+6% +$28.7M
2013 Q4
29 quarters
MSFT icon
3
Microsoft
MSFT
$3.96T
$395M 4.52%
1,674,195
+675,350
+68% +$157M
2019 Q1
8 quarters
COF icon
4
Capital One
COF
$119B
$335M 3.84%
2,630,371
+976,399
+59% +$115M
2020 Q4
1 quarter
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.25T
$333M 3.82%
3,227,320
-1,318,300
-29% -$130M
2018 Q3
10 quarters
ELV icon
6
Elevance Health
ELV
$92.8B
$330M 3.79%
920,634
+1,272
+0.1% +$409K
2018 Q3
10 quarters
FIS icon
7
Fidelity National Information Services
FIS
$18.3B
$292M 3.34%
2,073,057
+62,936
+3% +$8.59M
2019 Q3
6 quarters
AMZN icon
8
Amazon
AMZN
$2.74T
$290M 3.32%
1,874,140
-291,200
-13% -$46.2M
2019 Q4
5 quarters
TMUS icon
9
T-Mobile US
TMUS
$169B
$260M 2.98%
2,075,680
+727,221
+54% +$91.6M
2020 Q1
4 quarters
FISV icon
10
Fiserv Inc
FISV
$24.5B
$256M 2.94%
2,153,910
+119,969
+6% +$13.8M
2020 Q3
2 quarters
CRM icon
11
Salesforce
CRM
$194B
$224M 2.57%
1,056,309
+4,924
+0.5% +$1.1M
2019 Q3
6 quarters
UBER icon
12
Uber
UBER
$142B
$215M 2.46%
3,941,960
+3,843,195
+3,891% +$214M
2020 Q2
3 quarters
KC icon
13
Kingsoft Cloud Holdings
KC
$2.62B
$194M 2.22%
4,930,360
-316,141
-6% -$16.8M
2020 Q2
3 quarters
GDS icon
14
GDS Holdings
GDS
$5.18B
$191M 2.19%
2,352,734
+335,712
+17% +$33.5M
2020 Q1
4 quarters
UNH icon
15
UnitedHealth
UNH
$355B
$185M 2.12%
497,210
+312,812
+170% +$108M
2020 Q4
1 quarter
NFLX icon
16
Netflix
NFLX
$294B
$183M 2.1%
3,505,260
+530,030
+18% +$28.1M
2020 Q2
3 quarters
MDT icon
17
Medtronic
MDT
$121B
$179M 2.05%
1,514,204
+120,417
+9% +$14.1M
2020 Q2
3 quarters
ICE icon
18
Intercontinental Exchange
ICE
$87.1B
$161M 1.85%
1,443,184
-1,384,302
-49% -$157M
2013 Q2
31 quarters
MELI icon
19
Mercado Libre
MELI
$93.2B
$160M 1.84%
108,794
+25,447
+31% +$43.2M
2014 Q4
25 quarters
LULU icon
20
lululemon athletica
LULU
$10.9B
$157M 1.8%
510,705
+31,226
+7% +$10.3M
2020 Q3
2 quarters
ULTA icon
21
Ulta Beauty
ULTA
$25.3B
$140M 1.61%
+453,783
New +$141M
2021 Q1
0 quarters
COST icon
22
Costco
COST
$435B
$137M 1.57%
389,368
-137,081
-26% -$47.7M
2018 Q1
12 quarters
MA icon
23
Mastercard
MA
$528B
$136M 1.55%
380,606
-26,728
-7% -$9.33M
2014 Q4
25 quarters
STZ icon
24
Constellation Brands
STZ
$21.6B
$130M 1.49%
570,965
-845,941
-60% -$191M
2018 Q2
11 quarters
BXMT icon
25
Blackstone Mortgage Trust
BXMT
$1.78B
$124M 1.42%
3,990,943
+9,200
+0.2% +$268K
2020 Q2
3 quarters
1
2 3 4 5

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Carmignac Gestion's Q1 2021 Portfolio in Review

As of Q1 2021, Carmignac Gestion held 166 positions worth $8.72B, down 8.8% from $9.56B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Carmignac Gestion withdrew a net $835M in Q1 2021, closing 32 positions and reducing 39 holdings. Its most notable exit was GoDaddy, an estimated $186M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, up from 23% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Carmignac Gestion opened a new position in Ulta Beauty worth $140M.

  • Carmignac Gestion's largest Q1 2021 buy was Ulta Beauty: 453,783 shares worth $140M.
  • Carmignac Gestion added most to Uber in Q1 2021, an estimated $214M increase.
  • Carmignac Gestion's biggest Q1 2021 reduction was Constellation Brands, cutting an estimated $191M.
  • Carmignac Gestion fully exited GoDaddy in Q1 2021, selling an estimated $186M.
  • Carmignac Gestion's ten largest holdings make up 42% of its $8.72B portfolio in Q1 2021.
  • Carmignac Gestion opened 23 new positions and closed 32 in Q1 2021.
  • Carmignac Gestion's portfolio value fell 8.8% quarter-over-quarter to $8.72B.

Based on Carmignac Gestion's 13F filing for Q1 2021, filed 14 May 2021.