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CG

Carmignac Gestion Portfolio holdings

AUM $6.51B
1-Year Est. Return 19.13%
This Fund
S&P 500
This Quarter Est. Return
+4.86%
1 Year Est. Return
+19.13%
3 Year Est. Return
+94.32%
5 Year Est. Return
+115.43%
10 Year Est. Return
+608.92%
AUM
$5.83B
AUM Growth
-$491M
Cap. Flow
-$704M
Cap. Flow %
-12.08%
Top 10 Hldgs %
53.04%
Holding
185
New
38
Increased
43
Reduced
50
Closed
23

Top Buys

1
COR icon
Cencora
COR
+$223M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$206M
3
AVGO icon
Broadcom
AVGO
+$194M
4
UNH icon
UnitedHealth
UNH
+$171M
5
SLB icon
SLB Ltd
SLB
+$167M

Top Sells

1
META icon
Meta Platforms (Facebook)
META
+$391M
2
AMD icon
Advanced Micro Devices
AMD
+$301M
3
LLY icon
Eli Lilly
LLY
+$231M
4
BAX icon
Baxter International
BAX
+$200M
5
TMUS icon
T-Mobile US
TMUS
+$197M

Sector Composition

1 Technology 30.74%
2 Healthcare 17.06%
3 Consumer Discretionary 15.06%
4 Communication Services 10.52%
5 Financials 10.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.93T
$535M 9.18%
1,197,048
+196,222
+20% +$82.9M
AMZN icon
2
Amazon
AMZN
$2.66T
$503M 8.62%
2,598,743
+332,850
+15% +$61.1M
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$4.23T
$461M 7.9%
2,529,298
+1,221,582
+93% +$206M
SLB icon
4
SLB Ltd
SLB
$70.3B
$305M 5.22%
6,454,303
+3,466,503
+116% +$167M
NVDA icon
5
NVIDIA
NVDA
$4.91T
$300M 5.14%
2,422,859
-1,524,721
-39% -$154M
AVGO icon
6
Broadcom
AVGO
$1.76T
$222M 3.8%
+1,381,370
New +$194M
COR icon
7
Cencora
COR
$59.9B
$217M 3.72%
+963,873
New +$223M
ICE icon
8
Intercontinental Exchange
ICE
$79B
$201M 3.44%
1,467,234
+47,780
+3% +$6.42M
UNH icon
9
UnitedHealth
UNH
$387B
$177M 3.04%
+348,152
New +$171M
SPGI icon
10
S&P Global
SPGI
$133B
$173M 2.97%
388,191
-73,968
-16% -$31.7M
META icon
11
Meta Platforms (Facebook)
META
$1.64T
$150M 2.57%
297,260
-803,918
-73% -$391M
CNC icon
12
Centene
CNC
$32.8B
$149M 2.55%
+2,246,028
New +$163M
NOW icon
13
ServiceNow
NOW
$106B
$135M 2.31%
856,915
+829,520
+3,028% +$122M
VIPS icon
14
Vipshop
VIPS
$6.96B
$117M 2.01%
8,979,972
+6,037,279
+205% +$96M
LLY icon
15
Eli Lilly
LLY
$1.05T
$104M 1.78%
114,393
-288,811
-72% -$231M
GE icon
16
GE Aerospace
GE
$364B
$103M 1.77%
649,325
-1,009,830
-61% -$161M
ITUB icon
17
Itaú Unibanco
ITUB
$90.4B
$94.1M 1.61%
18,261,890
+3,019,996
+20% +$16.5M
MA icon
18
Mastercard
MA
$480B
$94M 1.61%
213,057
+70,726
+50% +$32.2M
MELI icon
19
Mercado Libre
MELI
$92B
$90.4M 1.55%
54,992
+16,087
+41% +$25.4M
VRTX icon
20
Vertex Pharmaceuticals
VRTX
$123B
$86.8M 1.49%
+185,249
New +$80.4M
BABA icon
21
Alibaba
BABA
$276B
$79.3M 1.36%
1,101,229
+1,361
+0.1% +$104K
AMD icon
22
Advanced Micro Devices
AMD
$808B
$71.9M 1.23%
443,087
-1,871,604
-81% -$301M
ELV icon
23
Elevance Health
ELV
$80.9B
$66.3M 1.14%
+122,426
New +$64.7M
ACN icon
24
Accenture
ACN
$87.9B
$66M 1.13%
217,692
+214,331
+6,377% +$65.7M
AEM icon
25
Agnico Eagle Mines
AEM
$68.5B
$65.3M 1.12%
998,423
-337,803
-25% -$22M
1
2 3 4 5

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LAM
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OCM
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Carmignac Gestion's Q2 2024 Portfolio in Review

As of Q2 2024, Carmignac Gestion held 185 positions worth $5.83B, down 7.8% from $6.32B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Carmignac Gestion withdrew a net $704M in Q2 2024, closing 23 positions and reducing 50 holdings. Its most notable exit was Baxter International, an estimated $200M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Carmignac Gestion opened a new position in Cencora worth $217M.

  • Carmignac Gestion's largest Q2 2024 buy was Cencora: 963,873 shares worth $217M.
  • Carmignac Gestion added most to Alphabet (Google) Class A in Q2 2024, an estimated $206M increase.
  • Carmignac Gestion's biggest Q2 2024 reduction was Meta Platforms (Facebook), cutting an estimated $391M.
  • Carmignac Gestion fully exited Baxter International in Q2 2024, selling an estimated $200M.
  • Carmignac Gestion's ten largest holdings make up 53% of its $5.83B portfolio in Q2 2024.
  • Carmignac Gestion opened 38 new positions and closed 23 in Q2 2024.
  • Carmignac Gestion's portfolio value fell 7.8% quarter-over-quarter to $5.83B.

Based on Carmignac Gestion's 13F filing for Q2 2024, filed 13 Aug 2024.