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
+18.87%
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
$6.32B
AUM Growth
+$368M
Cap. Flow
-$546M
Cap. Flow %
-8.64%
Top 10 Hldgs %
51.92%
Holding
171
New
23
Increased
43
Reduced
58
Closed
27
Avg Time Held Equity + Options
2.3 years
Top 10 Avg Time Held Equity + Options
0.9 years
Top 20 Avg Time Held Equity + Options
1.6 years
Avg Time Held Equity only
2.4 years
Top 10 Avg Time Held Equity only
0.9 years
Top 20 Avg Time Held Equity only
1.6 years

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$140M
2
META icon
Meta Platforms (Facebook)
META
+$52.6M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$49.5M
4
TSM icon
TSMC
TSM
+$42.8M
5
MDB icon
MongoDB
MDB
+$42.5M

Top Sells

Rank Stock Value
1
LLY icon
Eli Lilly
LLY
+$289M
2
NVDA icon
NVIDIA
NVDA
+$154M
3
HUM icon
Humana
HUM
+$117M
4
BIIB icon
Biogen
BIIB
+$93.5M
5
BEKE icon
KE Holdings
BEKE
+$56.1M

Sector Composition

Rank Sector Weight
1 Technology 32.45%
2 Communication Services 16.22%
3 Consumer Discretionary 11.63%
4 Healthcare 10.27%
5 Financials 9.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
META icon
1
Meta Platforms (Facebook)
META
$1.88T
$535M 8.46%
1,101,178
+117,849
+12% +$52.6M
2022 Q2
7 quarters
MSFT icon
2
Microsoft
MSFT
$3.96T
$421M 6.66%
1,000,826
+30,674
+3% +$12.4M
2019 Q1
20 quarters
AMD icon
3
Advanced Micro Devices
AMD
$928B
$418M 6.61%
2,314,691
+31,380
+1% +$5.49M
2022 Q3
6 quarters
AMZN icon
4
Amazon
AMZN
$2.73T
$409M 6.46%
2,265,893
-22,047
-1% -$3.68M
2019 Q4
17 quarters
NVDA icon
5
NVIDIA
NVDA
$5.31T
$357M 5.64%
3,947,580
-2,121,530
-35% -$154M
2019 Q2
19 quarters
LLY icon
6
Eli Lilly
LLY
$1.08T
$314M 4.96%
403,204
-405,994
-50% -$289M
2021 Q4
9 quarters
GE icon
7
GE Aerospace
GE
$318B
$232M 3.68%
1,659,155
-378,674
-19% -$44.6M
2023 Q3
2 quarters
TSM icon
8
TSMC
TSM
$2.22T
$201M 3.17%
1,475,291
+344,660
+30% +$42.8M
2015 Q4
33 quarters
BAX icon
9
Baxter International
BAX
$12.8B
$200M 3.16%
4,678,605
-632,407
-12% -$25.7M
2023 Q2
3 quarters
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$4.24T
$197M 3.12%
1,307,716
+345,708
+36% +$49.5M
2018 Q3
22 quarters
TMUS icon
11
T-Mobile US
TMUS
$169B
$197M 3.12%
1,207,511
-106,621
-8% -$17.4M
2020 Q1
16 quarters
SPGI icon
12
S&P Global
SPGI
$120B
$197M 3.11%
462,159
+3,844
+0.8% +$1.67M
2022 Q1
8 quarters
ICE icon
13
Intercontinental Exchange
ICE
$87.3B
$195M 3.09%
1,419,454
-352,080
-20% -$46.8M
2013 Q2
43 quarters
MU icon
14
Micron Technology
MU
$1.04T
$182M 2.88%
+1,544,544
New +$140M
2024 Q1
0 quarters
EL icon
15
Estee Lauder
EL
$36.6B
$174M 2.75%
1,128,738
-67,012
-6% -$9.51M
2019 Q2
19 quarters
SLB icon
16
SLB Ltd
SLB
$71.9B
$164M 2.59%
2,987,800
+775,335
+35% +$39.1M
2022 Q1
8 quarters
FCX icon
17
Freeport-McMoran
FCX
$99B
$129M 2.04%
2,742,217
+7,800
+0.3% +$315K
2023 Q1
4 quarters
ITUB icon
18
Itaú Unibanco
ITUB
$107B
$93.2M 1.47%
15,241,894
+138,905
+0.9% +$836K
2023 Q4
1 quarter
CRM icon
19
Salesforce
CRM
$194B
$87.6M 1.39%
291,003
+23,999
+9% +$6.92M
2019 Q3
18 quarters
NEM icon
20
Newmont
NEM
$116B
$85.3M 1.35%
2,380,036
-25,829
-1% -$890K
2016 Q1
32 quarters
AEM icon
21
Agnico Eagle Mines
AEM
$88.7B
$79.7M 1.26%
1,336,226
-601,202
-31% -$30.8M
2018 Q2
23 quarters
BABA icon
22
Alibaba
BABA
$276B
$79.6M 1.26%
1,099,868
+24,508
+2% +$1.8M
2022 Q3
6 quarters
SNAP icon
23
Snap
SNAP
$10.2B
$78.8M 1.25%
6,860,491
+357,055
+5% +$4.79M
2023 Q4
1 quarter
XYZ icon
24
Block Inc
XYZ
$45.2B
$78.1M 1.23%
923,225
+239,964
+35% +$17.4M
2022 Q4
5 quarters
MA icon
25
Mastercard
MA
$528B
$68.5M 1.08%
142,331
+11,545
+9% +$5.28M
2014 Q4
37 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 Q1 2024 Portfolio in Review

As of Q1 2024, Carmignac Gestion held 171 positions worth $6.32B, up 6.2% from $5.95B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Carmignac Gestion withdrew a net $546M in Q1 2024, closing 27 positions and reducing 58 holdings. Its most notable exit was Humana, an estimated $117M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 26% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Carmignac Gestion opened a new position in Micron Technology worth $182M.

  • Carmignac Gestion's largest Q1 2024 buy was Micron Technology: 1,544,544 shares worth $182M.
  • Carmignac Gestion added most to Meta Platforms (Facebook) in Q1 2024, an estimated $52.6M increase.
  • Carmignac Gestion's biggest Q1 2024 reduction was Eli Lilly, cutting an estimated $289M.
  • Carmignac Gestion fully exited Humana in Q1 2024, selling an estimated $117M.
  • Carmignac Gestion's ten largest holdings make up 52% of its $6.32B portfolio in Q1 2024.
  • Carmignac Gestion opened 23 new positions and closed 27 in Q1 2024.
  • Carmignac Gestion's portfolio value rose 6.2% quarter-over-quarter to $6.32B.

Based on Carmignac Gestion's 13F filing for Q1 2024, filed 14 May 2024.