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Carmignac Gestion Portfolio holdings

AUM $7.71B
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

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
LLY icon
1
Eli Lilly
LLY
$1.05T
$472M 7.92%
809,198
-75,754
-9% -$44.2M
MSFT icon
2
Microsoft
MSFT
$3.81T
$365M 6.13%
970,152
-522,885
-35% -$186M
META icon
3
Meta Platforms (Facebook)
META
$1.47T
$348M 5.84%
983,329
-22,201
-2% -$7.23M
AMZN icon
4
Amazon
AMZN
$2.87T
$348M 5.84%
2,287,940
-326,758
-12% -$45.8M
AMD icon
5
Advanced Micro Devices
AMD
$760B
$337M 5.65%
2,283,311
-278,774
-11% -$32.9M
NVDA icon
6
NVIDIA
NVDA
$5.25T
$301M 5.05%
6,069,110
+827,910
+16% +$38.4M
ICE icon
7
Intercontinental Exchange
ICE
$91.1B
$228M 3.82%
1,771,534
+16,592
+0.9% +$1.88M
TMUS icon
8
T-Mobile US
TMUS
$195B
$211M 3.54%
1,314,132
+241,093
+22% +$35.7M
GE icon
9
GE Aerospace
GE
$355B
$208M 3.49%
2,037,829
+523,818
+35% +$48.5M
BAX icon
10
Baxter International
BAX
$13.5B
$205M 3.45%
5,311,012
+462,239
+10% +$16.4M
SPGI icon
11
S&P Global
SPGI
$131B
$202M 3.39%
458,315
-104,188
-19% -$41.1M
EL icon
12
Estee Lauder
EL
$37.4B
$175M 2.94%
1,195,750
+1,136,201
+1,908% +$151M
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$4.24T
$134M 2.26%
962,008
-474,916
-33% -$63.8M
TSM icon
14
TSMC
TSM
$2.17T
$118M 1.97%
1,130,631
+588,935
+109% +$56.2M
HUM icon
15
Humana
HUM
$46.3B
$117M 1.96%
254,777
-2,160
-0.8% -$1.06M
FCX icon
16
Freeport-McMoran
FCX
$110B
$116M 1.95%
2,734,417
+1,179,117
+76% +$43.5M
SLB icon
17
SLB Ltd
SLB
$85.1B
$115M 1.93%
2,212,465
-16,839
-0.8% -$915K
SNAP icon
18
Snap
SNAP
$9.18B
$110M 1.85%
+6,503,436
New +$79.7M
AEM icon
19
Agnico Eagle Mines
AEM
$104B
$106M 1.78%
1,937,428
+15,970
+0.8% +$798K
NEM icon
20
Newmont
NEM
$135B
$99.6M 1.67%
2,405,865
-4,658
-0.2% -$180K
BIIB icon
21
Biogen
BIIB
$32.3B
$93.5M 1.57%
361,395
+52,295
+17% +$12.8M
ITUB icon
22
Itaú Unibanco
ITUB
$82.7B
$92.6M 1.56%
+15,102,989
New +$80.1M
BABA icon
23
Alibaba
BABA
$296B
$83.4M 1.4%
1,075,360
-1,131,710
-51% -$90.2M
BEKE icon
24
KE Holdings
BEKE
$20.2B
$81M 1.36%
4,997,185
-537,072
-10% -$8.31M
CRM icon
25
Salesforce
CRM
$211B
$70.3M 1.18%
267,004
-15,873
-6% -$3.59M
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 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.