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
+0.68%
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
$6.27B
AUM Growth
+$285M
Cap. Flow
+$332M
Cap. Flow %
5.3%
Top 10 Hldgs %
49.03%
Holding
194
New
23
Increased
48
Reduced
56
Closed
42
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
CNC icon
Centene
CNC
+$111M
2
SNPS icon
Synopsys
SNPS
+$90.8M
3
EFX icon
Equifax
EFX
+$87.7M
4
ELV icon
Elevance Health
ELV
+$62M
5
MSFT icon
Microsoft
MSFT
+$59.7M

Top Sells

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$210M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$54.3M
3
AMZN icon
Amazon
AMZN
+$51M
4
AEM icon
Agnico Eagle Mines
AEM
+$33M
5
AMAT icon
Applied Materials
AMAT
+$32.5M

Sector Composition

Rank Sector Weight
1 Technology 27%
2 Healthcare 22.42%
3 Consumer Discretionary 17.59%
4 Financials 11.7%
5 Industrials 6.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AMZN icon
1
Amazon
AMZN
$2.73T
$545M 8.68%
2,483,863
-249,437
-9% -$51M
2019 Q4
20 quarters
MSFT icon
2
Microsoft
MSFT
$3.97T
$372M 5.93%
882,565
+140,137
+19% +$59.7M
2019 Q1
23 quarters
NVDA icon
3
NVIDIA
NVDA
$5.32T
$324M 5.16%
2,412,975
+265,339
+12% +$36.6M
2019 Q2
22 quarters
CNC icon
4
Centene
CNC
$34.2B
$300M 4.78%
4,948,528
+1,777,700
+56% +$111M
2024 Q2
2 quarters
SLB icon
5
SLB Ltd
SLB
$71.3B
$280M 4.46%
7,296,500
-445,500
-6% -$18.7M
2022 Q1
11 quarters
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$4.25T
$278M 4.43%
1,467,958
-310,157
-17% -$54.3M
2018 Q3
25 quarters
MCK icon
7
McKesson
MCK
$113B
$266M 4.25%
467,603
-5,350
-1% -$3M
2024 Q3
1 quarter
SPGI icon
8
S&P Global
SPGI
$120B
$242M 3.85%
485,260
+116,896
+32% +$59.3M
2022 Q1
11 quarters
SNPS icon
9
Synopsys
SNPS
$91.4B
$239M 3.81%
492,362
+173,794
+55% +$90.8M
2024 Q2
2 quarters
AVGO icon
10
Broadcom
AVGO
$1.65T
$231M 3.68%
996,321
+209,551
+27% +$38.8M
2024 Q2
2 quarters
COR icon
11
Cencora
COR
$63.6B
$225M 3.59%
1,001,501
-18,500
-2% -$4.35M
2024 Q2
2 quarters
ICE icon
12
Intercontinental Exchange
ICE
$87.3B
$191M 3.04%
1,279,614
-3,976
-0.3% -$630K
2013 Q2
46 quarters
MELI icon
13
Mercado Libre
MELI
$92.3B
$188M 3%
110,772
+19,434
+21% +$37.8M
2014 Q4
40 quarters
ELV icon
14
Elevance Health
ELV
$92B
$171M 2.72%
462,776
+148,200
+47% +$62M
2024 Q2
2 quarters
VIPS icon
15
Vipshop
VIPS
$6.09B
$134M 2.13%
9,935,058
-98,028
-1% -$1.41M
2023 Q2
6 quarters
MA icon
16
Mastercard
MA
$529B
$127M 2.03%
242,115
+45,844
+23% +$23.7M
2014 Q4
40 quarters
LLY icon
17
Eli Lilly
LLY
$1.08T
$117M 1.86%
151,470
+14,519
+11% +$12M
2021 Q4
12 quarters
EFX icon
18
Equifax
EFX
$17.5B
$95.1M 1.52%
373,200
+327,400
+715% +$87.7M
2024 Q3
1 quarter
XYZ icon
19
Block Inc
XYZ
$44.9B
$94.4M 1.5%
1,110,500
-223,500
-17% -$18.3M
2022 Q4
8 quarters
LIN icon
20
Linde
LIN
$226B
$90.9M 1.45%
217,133
+62,239
+40% +$28.4M
2023 Q1
7 quarters
PH icon
21
Parker-Hannifin
PH
$120B
$90.9M 1.45%
142,856
+12,647
+10% +$8.37M
2024 Q2
2 quarters
CDNS icon
22
Cadence Design Systems
CDNS
$90.4B
$89.5M 1.43%
297,863
-5,945
-2% -$1.73M
2024 Q2
2 quarters
META icon
23
Meta Platforms (Facebook)
META
$1.87T
$87.5M 1.39%
149,478
+95,488
+177% +$56M
2022 Q2
10 quarters
ITUB icon
24
Itaú Unibanco
ITUB
$107B
$81.7M 1.3%
18,659,460
+397,570
+2% +$2.05M
2023 Q4
4 quarters
TMO icon
25
Thermo Fisher Scientific
TMO
$249B
$81.2M 1.29%
156,153
+100,891
+183% +$55.5M
2019 Q2
22 quarters
1
2 3 4 5

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Carmignac Gestion's Q4 2024 Portfolio in Review

As of Q4 2024, Carmignac Gestion held 194 positions worth $6.27B, up 4.8% from $5.99B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Carmignac Gestion deployed $332M of net new capital in Q4 2024, opening 23 new positions and adding to 48 existing holdings. Its largest new stake was Huazhu Hotels Group: 466,721 shares worth $15.4M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $54.3M trimmed.

  • Carmignac Gestion's largest Q4 2024 buy was Huazhu Hotels Group: 466,721 shares worth $15.4M.
  • Carmignac Gestion added most to Centene in Q4 2024, an estimated $111M increase.
  • Carmignac Gestion's biggest Q4 2024 reduction was Alphabet (Google) Class A, cutting an estimated $54.3M.
  • Carmignac Gestion fully exited UnitedHealth in Q4 2024, selling an estimated $210M.
  • Carmignac Gestion's ten largest holdings make up 49% of its $6.27B portfolio in Q4 2024.
  • Carmignac Gestion opened 23 new positions and closed 42 in Q4 2024.
  • Carmignac Gestion's portfolio value rose 4.8% quarter-over-quarter to $6.27B.

Based on Carmignac Gestion's 13F filing for Q4 2024, filed 13 Feb 2025.