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
+15.58%
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
LLY icon
1
Eli Lilly
LLY
$1.08T
$472M 7.92%
809,198
-75,754
-9% -$44.2M
2021 Q4
8 quarters
MSFT icon
2
Microsoft
MSFT
$3.97T
$365M 6.13%
970,152
-522,885
-35% -$186M
2019 Q1
19 quarters
META icon
3
Meta Platforms (Facebook)
META
$1.87T
$348M 5.84%
983,329
-22,201
-2% -$7.23M
2022 Q2
6 quarters
AMZN icon
4
Amazon
AMZN
$2.73T
$348M 5.84%
2,287,940
-326,758
-12% -$45.8M
2019 Q4
16 quarters
AMD icon
5
Advanced Micro Devices
AMD
$931B
$337M 5.65%
2,283,311
-278,774
-11% -$32.9M
2022 Q3
5 quarters
NVDA icon
6
NVIDIA
NVDA
$5.32T
$301M 5.05%
6,069,110
+827,910
+16% +$38.4M
2019 Q2
18 quarters
ICE icon
7
Intercontinental Exchange
ICE
$87.3B
$228M 3.82%
1,771,534
+16,592
+0.9% +$1.88M
2013 Q2
42 quarters
TMUS icon
8
T-Mobile US
TMUS
$168B
$211M 3.54%
1,314,132
+241,093
+22% +$35.7M
2020 Q1
15 quarters
GE icon
9
GE Aerospace
GE
$317B
$208M 3.49%
2,037,829
+523,818
+35% +$48.5M
2023 Q3
1 quarter
BAX icon
10
Baxter International
BAX
$12.8B
$205M 3.45%
5,311,012
+462,239
+10% +$16.4M
2023 Q2
2 quarters
SPGI icon
11
S&P Global
SPGI
$120B
$202M 3.39%
458,315
-104,188
-19% -$41.1M
2022 Q1
7 quarters
EL icon
12
Estee Lauder
EL
$36.4B
$175M 2.94%
1,195,750
+1,136,201
+1,908% +$151M
2019 Q2
18 quarters
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$4.25T
$134M 2.26%
962,008
-474,916
-33% -$63.8M
2018 Q3
21 quarters
TSM icon
14
TSMC
TSM
$2.23T
$118M 1.97%
1,130,631
+588,935
+109% +$56.2M
2015 Q4
32 quarters
HUM icon
15
Humana
HUM
$51.3B
$117M 1.96%
254,777
-2,160
-0.8% -$1.06M
2022 Q1
7 quarters
FCX icon
16
Freeport-McMoran
FCX
$98.7B
$116M 1.95%
2,734,417
+1,179,117
+76% +$43.5M
2023 Q1
3 quarters
SLB icon
17
SLB Ltd
SLB
$71.3B
$115M 1.93%
2,212,465
-16,839
-0.8% -$915K
2022 Q1
7 quarters
SNAP icon
18
Snap
SNAP
$10.1B
$110M 1.85%
+6,503,436
New +$79.7M
2023 Q4
0 quarters
AEM icon
19
Agnico Eagle Mines
AEM
$88.2B
$106M 1.78%
1,937,428
+15,970
+0.8% +$798K
2018 Q2
22 quarters
NEM icon
20
Newmont
NEM
$116B
$99.6M 1.67%
2,405,865
-4,658
-0.2% -$180K
2016 Q1
31 quarters
BIIB icon
21
Biogen
BIIB
$34.3B
$93.5M 1.57%
361,395
+52,295
+17% +$12.8M
2023 Q1
3 quarters
ITUB icon
22
Itaú Unibanco
ITUB
$107B
$92.6M 1.56%
+15,102,989
New +$80.1M
2023 Q4
0 quarters
BABA icon
23
Alibaba
BABA
$275B
$83.4M 1.4%
1,075,360
-1,131,710
-51% -$90.2M
2022 Q3
5 quarters
BEKE icon
24
KE Holdings
BEKE
$19.2B
$81M 1.36%
4,997,185
-537,072
-10% -$8.31M
2022 Q1
7 quarters
CRM icon
25
Salesforce
CRM
$195B
$70.3M 1.18%
267,004
-15,873
-6% -$3.59M
2019 Q3
17 quarters
1
2 3 4 5

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CGH
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EGM
Engineers Gate Manager New York $7.71B AUM 24.88% 1-Year Est. Return
AC
Aristeia Capital Greenwich, Connecticut $7.69B AUM 15.48% 1-Year Est. Return
XT
XTX Topco George Town, Cayman Islands $7.72B AUM 32.88% 1-Year Est. Return
AL
Appaloosa LP Short Hills, New Jersey $7.73B AUM 104.51% 1-Year Est. Return
NAMA
Nikko Asset Management Americas New York $7.75B AUM 33.73% 1-Year Est. Return
AAB
ABN AMRO Bank Amsterdam, Netherlands $7.75B AUM 22.95% 1-Year Est. Return
SIAU
SB Investment Advisers (UK) London, United Kingdom $7.66B AUM 20.12% 1-Year Est. Return

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.