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
+7.68%
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
$6.71B
AUM Growth
+$212M
Cap. Flow
-$178M
Cap. Flow %
-2.65%
Top 10 Hldgs %
51.6%
Holding
166
New
33
Increased
35
Reduced
47
Closed
29
Avg Time Held Equity + Options
1.8 years
Top 10 Avg Time Held Equity + Options
1.3 years
Top 20 Avg Time Held Equity + Options
1.8 years
Avg Time Held Equity only
2 years
Top 10 Avg Time Held Equity only
1.3 years
Top 20 Avg Time Held Equity only
1.8 years

Top Buys

Rank Stock Value
1
SLB icon
SLB Ltd
SLB
+$200M
2
MA icon
Mastercard
MA
+$160M
3
SPGI icon
S&P Global
SPGI
+$136M
4
TW icon
Tradeweb Markets
TW
+$88.3M
5
NOW icon
ServiceNow
NOW
+$66.4M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$194M
2
SNPS icon
Synopsys
SNPS
+$74.7M
3
TMO icon
Thermo Fisher Scientific
TMO
+$67.3M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$61.3M
5
ETN icon
Eaton
ETN
+$59.8M

Sector Composition

Rank Sector Weight
1 Technology 30.44%
2 Consumer Discretionary 16.69%
3 Financials 14.44%
4 Healthcare 14.25%
5 Communication Services 11.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
NVDA icon
1
NVIDIA
NVDA
$5.33T
$643M 9.59%
3,448,254
-285,731
-8% -$49.8M
2019 Q2
25 quarters
GOOGL icon
2
Alphabet (Google) Class A
GOOGL
$4.25T
$567M 8.45%
2,333,226
-292,589
-11% -$61.3M
2018 Q3
28 quarters
AMZN icon
3
Amazon
AMZN
$2.73T
$452M 6.74%
2,058,757
-106,719
-5% -$24.2M
2019 Q4
23 quarters
SPGI icon
4
S&P Global
SPGI
$120B
$351M 5.23%
720,412
+253,303
+54% +$136M
2022 Q1
14 quarters
MELI icon
5
Mercado Libre
MELI
$92.4B
$310M 4.63%
132,696
-3,745
-3% -$8.99M
2014 Q4
43 quarters
COR icon
6
Cencora
COR
$63.6B
$274M 4.08%
875,846
-46,645
-5% -$13.7M
2024 Q2
5 quarters
MCK icon
7
McKesson
MCK
$113B
$243M 3.62%
314,173
-75,939
-19% -$53.5M
2024 Q3
4 quarters
MSFT icon
8
Microsoft
MSFT
$3.97T
$227M 3.38%
437,491
-51,133
-10% -$26.1M
2019 Q1
26 quarters
META icon
9
Meta Platforms (Facebook)
META
$1.87T
$198M 2.95%
269,499
+63,009
+31% +$46.9M
2022 Q2
13 quarters
SLB icon
10
SLB Ltd
SLB
$71.4B
$197M 2.94%
+5,746,100
New +$200M
2025 Q3
0 quarters
ICE icon
11
Intercontinental Exchange
ICE
$87.4B
$194M 2.9%
1,154,160
+85,754
+8% +$15.3M
2013 Q2
49 quarters
NOW icon
12
ServiceNow
NOW
$145B
$179M 2.67%
972,575
+355,500
+58% +$66.4M
2022 Q2
13 quarters
APH icon
13
Amphenol
APH
$204B
$167M 2.49%
2,814,498
-1,078,502
-28% -$59.2M
2024 Q3
4 quarters
EFX icon
14
Equifax
EFX
$17.5B
$160M 2.38%
623,317
+42,219
+7% +$10.6M
2024 Q3
4 quarters
MA icon
15
Mastercard
MA
$529B
$158M 2.36%
+278,412
New +$160M
2025 Q3
0 quarters
ANET icon
16
Arista Networks
ANET
$245B
$146M 2.18%
1,002,700
-6,800
-0.7% -$876K
2024 Q2
5 quarters
TW icon
17
Tradeweb Markets
TW
$23.4B
$140M 2.08%
1,259,800
+686,900
+120% +$88.3M
2022 Q2
13 quarters
XYZ icon
18
Block Inc
XYZ
$45B
$139M 2.06%
1,916,626
-137,400
-7% -$10.3M
2022 Q4
11 quarters
VIPS icon
19
Vipshop
VIPS
$6.09B
$128M 1.91%
6,518,398
-2,992,266
-31% -$49.6M
2023 Q2
9 quarters
TMO icon
20
Thermo Fisher Scientific
TMO
$249B
$120M 1.78%
246,592
-144,687
-37% -$67.3M
2019 Q2
25 quarters
CRM icon
21
Salesforce
CRM
$195B
$117M 1.75%
494,447
+256,397
+108% +$64.7M
2019 Q3
24 quarters
ITUB icon
22
Itaú Unibanco
ITUB
$107B
$82.8M 1.23%
11,621,681
-2,845,812
-20% -$18.8M
2023 Q4
7 quarters
ETN icon
23
Eaton
ETN
$157B
$81.1M 1.21%
216,700
-164,300
-43% -$59.8M
2024 Q3
4 quarters
CDNS icon
24
Cadence Design Systems
CDNS
$90.5B
$76.6M 1.14%
218,188
-135,838
-38% -$46.7M
2024 Q2
5 quarters
LLY icon
25
Eli Lilly
LLY
$1.08T
$73.8M 1.1%
96,847
-4,479
-4% -$3.33M
2021 Q4
15 quarters
1
2 3 4 5

Similar funds

CGH
Crossmark Global Holdings Houston, Texas $7.71B AUM 37.66% 1-Year Est. Return
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 Q3 2025 Portfolio in Review

As of Q3 2025, Carmignac Gestion held 166 positions worth $6.71B, up 3.3% from $6.5B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Carmignac Gestion's Q3 2025 filing shows 33 new, 35 increased, 47 reduced and 29 closed positions. Its largest new stake was SLB Ltd: 5,746,100 shares worth $197M. The largest sale was Broadcom, an estimated $194M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Financials.

  • Carmignac Gestion's largest Q3 2025 buy was SLB Ltd: 5,746,100 shares worth $197M.
  • Carmignac Gestion added most to S&P Global in Q3 2025, an estimated $136M increase.
  • Carmignac Gestion's biggest Q3 2025 reduction was Broadcom, cutting an estimated $194M.
  • Carmignac Gestion fully exited GE Aerospace in Q3 2025, selling an estimated $53M.
  • Carmignac Gestion's ten largest holdings make up 52% of its $6.71B portfolio in Q3 2025.
  • Carmignac Gestion opened 33 new positions and closed 29 in Q3 2025.
  • Carmignac Gestion's portfolio value rose 3.3% quarter-over-quarter to $6.71B.

Based on Carmignac Gestion's 13F filing for Q3 2025, filed 13 Nov 2025.