Carmignac Gestion

CIK

1569758

Location

PARIS, I0

Portfolio Value

Mid $6,532,542,521

Diversification

Diversified

Filing Date

Global Rank

#557 / 8,586 ▼ 35

Top Industry

Semiconductors 15.6%

3Y Alpha vs SPY

-3.2%

Period ended 3 months ago

Filed Jun 15, 2026 · 1d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+64.4%

SPY

+78.1%

Annualised alpha

-3.2%

Max drawdown

−15.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

110 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

12.2%

+3.0 pts

Top 5

36.2%

+3.3 pts

Top 10

55.0%

+3.0 pts

HHI

436

Diversified+56

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	33.0%	$2,154,636,785	34
Financial Services	21.0%	$1,371,313,669	14
Healthcare	17.5%	$1,142,708,628	22
Consumer Cyclical	15.8%	$1,030,372,251	13
Communication Services	7.6%	$496,033,755	7
Industrials	2.0%	$133,815,016	8
Consumer Defensive	1.9%	$124,869,675	9
Energy	0.7%	$48,624,806	1
Real Estate	0.4%	$27,420,316	1
Utilities	0.0%	$2,747,620	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TME	Tencent Music Entertainment Group	+2,775,843	2,881,153	$26,737,099
DOCS	Doximity, Inc.	+2,418,971	4,311,997	$100,469,530
ITUB	Itau Unibanco Holding S.A.	+1,477,637	8,630,222	$72,321,260
TEAM	Atlassian Corp	+1,397,402	2,603,770	$177,707,302
NVDA	Nvidia Corp	+921,338	4,566,444	$796,387,833
FOLD	AMICUS THERAPEUTICS, INC.	+589,621	784,508	$11,343,985
AVGO	Broadcom Inc.	+395,871	541,651	$167,646,401
VIPS	Vipshop Holdings Ltd	+319,375	4,480,529	$70,433,915
COR	Cencora, Inc.	+226,156	1,101,251	$345,946,989
LNTH	Lantheus Holdings, Inc.	+206,000	1,328,000	$100,728,800
ABNB	Airbnb, Inc.	+191,200	659,570	$83,290,499
SFM	Sprouts Farmers Market, Inc.	+168,470	698,470	$53,872,991
HOLX	HOLOGIC INC	+148,647	205,034	$15,498,520
AL	SUMISHO AIR LEASE CORP	+134,319	260,168	$16,895,309
NBIX	Neurocrine Biosciences Inc	+122,400	186,000	$24,503,640
SE	Sea Ltd	+121,150	637,576	$52,797,668
MELI	Mercadolibre Inc	+108,082	249,455	$431,312,684
CTLP	Cantaloupe, Inc.	+98,347	1,075,505	$11,626,209
IMXI	International Money Express, Inc.	+92,848	138,650	$2,190,670
SPGI	S&P Global Inc.	+90,181	955,021	$406,208,632
MA	Mastercard Inc	+80,875	380,470	$190,105,640
TW	Tradeweb Markets Inc.	+71,800	2,286,200	$268,994,292
REGN	Regeneron Pharmaceuticals, Inc.	+66,600	116,571	$90,067,417
META	Meta Platforms, Inc.	+65,579	114,410	$65,457,393
WBD	Warner Bros. Discovery, Inc.	+50,418	236,373	$6,490,802
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SLB	Slb Limited/Nv	−3,723,264	946,192	$48,624,806
CL	Colgate Palmolive Co	−917,189	236,202	$20,131,496
MSFT	Microsoft Corp	−835,830	225,323	$83,407,814
ACN	Accenture plc	−529,376	2,665	$528,442
APH	Amphenol Corp /De/	−524,964	669,236	$84,557,968
NFLX	Netflix Inc	−395,291	3,071	$295,276
EFX	Equifax Inc	−385,410	364,605	$65,654,422
PTON	Peloton Interactive, Inc.	−366,439	4,064,500	$17,436,705
GTLB	Gitlab Inc.	−363,000	947,000	$20,493,080
ANET	Arista Networks, Inc.	−346,758	747,026	$91,719,852
PG	PROCTER & GAMBLE Co	−258,332	88,160	$12,733,830
ICE	Intercontinental Exchange, Inc.	−225,487	1,150,073	$180,883,481
NOW	ServiceNow, Inc.	−221,076	1,513,849	$158,272,912
KEYS	Keysight Technologies, Inc.	−203,000	10,000	$2,823,700
CWAN	Clearwater Analytics Holdings, Inc.	−197,540	90,586	$2,142,358
XYZ	Block, Inc.	−184,000	3,233,826	$194,611,648
AMZN	Amazon Com Inc	−167,889	1,409,850	$293,629,459
TMO	Thermo Fisher Scientific Inc.	−124,209	15,828	$7,779,936
GL	Globe Life Inc.	−95,000	170,000	$23,658,900
VNET	VNET Group, Inc.	−71,896	322,720	$2,707,620
VRTX	Vertex Pharmaceuticals Inc / Ma	−43,372	148,199	$66,176,781
CSCO	Cisco Systems, Inc.	−42,549	15,796	$1,225,611
MCK	Mckesson Corp	−40,814	317,721	$274,943,044
CRM	Salesforce, Inc.	−34,022	974,129	$181,840,660
BNTX	BioNTech SE	−31,376	112,711	$10,017,753
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BRK-B	Berkshire Hathaway Inc	407,702	$195,370,798
BKNG	Booking Holdings Inc.	14,742	$62,068,534
WDAY	Workday, Inc.	457,500	$59,438,400
CRDO	Credo Technology Group Holding Ltd	364,500	$34,215,615
PH	Parker-Hannifin Corp	35,433	$31,721,038
RPRX	Royalty Pharma plc	631,200	$30,278,664
WBS	Webster Financial Corp	194,025	$13,469,215
MASI	Masimo Corp	64,831	$11,531,489
OS	OneStream, Inc.	384,893	$9,237,432
CHD	Church & Dwight Co Inc /De/	97,086	$9,060,065
MU	Micron Technology Inc	20,400	$6,891,936
ALAB	Astera Labs, Inc.	60,000	$6,576,000
SLAB	Silicon Laboratories Inc.	27,843	$5,795,520
DBRG	DigitalBridge Group, Inc.	369,415	$5,696,379
IONS	Ionis Pharmaceuticals Inc	53,000	$3,979,770
TBBB	Bbb Foods Inc	106,965	$3,783,352
SEMR	SEMrush Holdings, Inc.	306,262	$3,656,768
SEM	Select Medical Holdings Corp	174,516	$2,842,865
TERN	Terns Pharmaceuticals, Inc.	53,541	$2,822,681
P	Everpure, Inc.	40,000	$2,361,600
SKYT	SkyWater Technology, Inc	84,106	$2,305,345
ACLX	Arcellx, Inc.	18,925	$2,172,968
OLPX	Olaplex Holdings, Inc.	853,199	$1,731,993
ONTF	ON24 INC.	178,555	$1,446,295
APLS	Apellis Pharmaceuticals, Inc.	35,127	$1,413,159
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
NVO	Novo Nordisk A S	1,003,300	$51,047,904
FNV	FRANCO NEVADA Corp	225,511	$46,743,920
AEM	Agnico Eagle Mines Ltd	268,511	$45,520,669
NEM	NEWMONT Corp /DE/	268,134	$26,773,179
HTHT	H World Group Ltd	469,601	$22,094,727
KMB	Kimberly Clark Corp	203,068	$20,487,530
FE	Firstenergy Corp	447,100	$20,016,667
FCX	Freeport-Mcmoran Inc	384,504	$19,528,958
LULU	lululemon athletica inc.	74,300	$15,440,283
AGI	Alamos Gold Inc	329,968	$12,730,165
CLX	Clorox Co /De/	122,977	$12,399,770
OC	Owens Corning	105,800	$11,840,078
EXAS	EXACT SCIENCES CORP	81,354	$8,262,312
VRT	Vertiv Holdings Co	40,000	$6,480,400
CDNS	Cadence Design Systems Inc	11,586	$3,621,551
NGD	New Gold Inc. /FI	379,537	$3,305,767
CASY	Caseys General Stores Inc	4,800	$2,653,008
TGNA	TEGNA INC	123,716	$2,401,327
YETI	YETI Holdings, Inc.	49,010	$2,164,771
SHW	Sherwin Williams Co	5,814	$1,883,910
ADBE	Adobe Inc.	5,000	$1,749,950
ZM	Zoom Communications, Inc.	20,000	$1,725,800
BAC	Bank Of America Corp /De/	26,682	$1,467,510
BABA	Alibaba Group Holding Ltd	9,540	$1,398,373
QCOM	Qualcomm Inc/De	8,000	$1,368,400
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

110 positions · $6,532,542,521 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 110 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
EOSE	Eos Energy Enterprises, Inc. Industrials	NEW	26,000	NEW	$128,960	NEW	0.00%
CCO	Clear Channel Outdoor Holdings, Inc. Communication Services	NEW	58,471	NEW	$138,576	NEW	0.00%
DAWN	Day One Biopharmaceuticals, Inc. Healthcare	NEW	13,691	NEW	$293,535	NEW	0.00%
NFLX	Netflix Inc Communication Services	Reduced	3,071	-395,291	$295,276	−99.2%	0.00%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	1,372	-728	$463,667	−27.3%	0.01%
INTU	Intuit Inc. Technology	Reduced	1,164	-8,015	$503,290	−91.7%	0.01%
SNCY	Sun Country Airlines Holdings, LLC Industrials	NEW	30,525	NEW	$504,273	NEW	0.01%
QFIN	Qfin Holdings, Inc. Financial Services	Held	39,081	0	$504,535	−33.0%	0.01%
ACN	Accenture plc Technology	Reduced	2,665	-529,376	$528,442	−99.6%	0.01%
LLY	ELI LILLY & Co Healthcare	Reduced	584	-1,795	$537,145	−79.0%	0.01%
V	Visa Inc. Financial Services	Reduced	2,328	-8,224	$703,614	−81.0%	0.01%
STKL	SunOpta Inc. Consumer Defensive	NEW	113,066	NEW	$732,667	NEW	0.01%
EH	EHang Holdings Ltd Industrials	Held	76,985	0	$747,524	−26.3%	0.01%
TALK	Talkspace, Inc. Healthcare	NEW	146,646	NEW	$758,893	NEW	0.01%
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	Reduced	2,990	-8,055	$909,199	−71.3%	0.01%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	2,838	-7,644	$928,224	−71.5%	0.01%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	3,308	-8,092	$973,081	−73.5%	0.01%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	15,591	NEW	$1,014,818	NEW	0.02%
MMYT	MakeMyTrip Ltd Consumer Cyclical	Added	30,428	+8,435	$1,134,660	−37.2%	0.02%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	1,151	-3,502	$1,146,890	−71.4%	0.02%
AAPL	Apple Inc. Technology	Reduced	4,785	-10,194	$1,214,385	−70.2%	0.02%
CSCO	Cisco Systems, Inc. Technology	Reduced	15,796	-42,549	$1,225,611	−72.7%	0.02%
APLS	Apellis Pharmaceuticals, Inc. Healthcare	NEW	35,127	NEW	$1,413,159	NEW	0.02%
ONTF	ON24 INC. Technology	NEW	178,555	NEW	$1,446,295	NEW	0.02%
OLPX	Olaplex Holdings, Inc. Consumer Cyclical	NEW	853,199	NEW	$1,731,993	NEW	0.03%
CWAN	Clearwater Analytics Holdings, Inc. Technology	Reduced	90,586	-197,540	$2,142,358	−69.2%	0.03%
ACLX	Arcellx, Inc. Healthcare	NEW	18,925	NEW	$2,172,968	NEW	0.03%
IMXI	International Money Express, Inc. Technology	Added	138,650	+92,848	$2,190,670	+211.4%	0.03%
SKYT	SkyWater Technology, Inc Technology	NEW	84,106	NEW	$2,305,345	NEW	0.04%
P	Everpure, Inc. Technology	NEW	40,000	NEW	$2,361,600	NEW	0.04%
TWLO	Twilio Inc Technology	Reduced	20,000	-30,000	$2,516,400	−64.6%	0.04%
VNET	VNET Group, Inc. Technology	Reduced	322,720	-71,896	$2,707,620	−18.9%	0.04%
KVUE	Kenvue Inc. Consumer Defensive	Held	157,574	0	$2,716,575	−0.1%	0.04%
TXNM	Txnm Energy Inc Utilities	Held	47,000	0	$2,747,620	−0.7%	0.04%
TERN	Terns Pharmaceuticals, Inc. Healthcare	NEW	53,541	NEW	$2,822,681	NEW	0.04%
KEYS	Keysight Technologies, Inc. Technology	Reduced	10,000	-203,000	$2,823,700	−93.5%	0.04%
SEM	Select Medical Holdings Corp Healthcare	NEW	174,516	NEW	$2,842,865	NEW	0.04%
SEMR	SEMrush Holdings, Inc. Technology	NEW	306,262	NEW	$3,656,768	NEW	0.06%
TBBB	Bbb Foods Inc Consumer Defensive	NEW	106,965	NEW	$3,783,352	NEW	0.06%
IONS	Ionis Pharmaceuticals Inc Healthcare	NEW	53,000	NEW	$3,979,770	NEW	0.06%
AMWD	American Woodmark Corp Consumer Cyclical	Held	115,255	0	$4,590,606	−26.1%	0.07%
PRA	Proassurance Corp Financial Services	Held	217,263	0	$5,370,741	+2.3%	0.08%
DBRG	DigitalBridge Group, Inc. Financial Services	NEW	369,415	NEW	$5,696,379	NEW	0.09%
SLAB	Silicon Laboratories Inc. Technology	NEW	27,843	NEW	$5,795,520	NEW	0.09%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	236,373	+50,418	$6,490,802	+21.1%	0.10%
ALAB	Astera Labs, Inc. Technology	NEW	60,000	NEW	$6,576,000	NEW	0.10%
MU	Micron Technology Inc Technology	NEW	20,400	NEW	$6,891,936	NEW	0.11%
JHG	Janus Henderson Group PLC Financial Services	Added	137,300	+50,001	$7,053,101	+69.8%	0.11%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	15,828	-124,209	$7,779,936	−90.4%	0.12%
CSGS	Csg Systems International Inc Technology	Held	103,097	0	$8,241,574	+4.2%	0.13%