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Carmignac Gestion — 13F Holdings & Portfolio

CIK 1569758 · latest 13F-HR filed 2026-08-13

Backtest portfolio

Carmignac Gestion manages $7.71B in 13F-reported U.S. long-equity assets across 100 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (12.45%), AVGO (6.64%), COR (6.42%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 26 new positions and exited 40; 36 existing positions rose in reported value and 22 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$7.71B

Long-equity book

Holdings
100

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+26 / −40 / ↑36 / ↓22

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NVDA12.5% · +5%AVGO6.6% · +150%COR6.4% · +59%MCK6.1% · +97%GOOGL5.4% · -14%TW5.0% · +70%MA4.9% · +93%SPGI4.9% · -4%BRK.B4.6% · +73%MELI4.2% · -24%ICE3.3% · +80%MSFT3.0% · +189%AMZN2.6% · -40%APH2.2% · +45%LNTH1.9% · +1%TEAM1.6% · -39%REGN1.5% · +57%ZTS1.5% · newEFX1.5% · +95%PH1.3% · +191%ITUB1.3% · +42%XYZ1.3% · -60%ABNB1.2% · -0%VRTX1.1% · +10%CLS0.9% · newVIPS0.8% · +10%SE0.8% · +2%META0.8% · -10%ALGN0.7% · +41%DOCS0.6% · -45%GTLB0.6% · +56%SLB0.5% · -11%VNET0.5% · +1375%NOW0.5% · -75%NBIX0.5% · +15%RPRX0.5% · -0%SFM0.4% · -46%SPCX0.4% · newVTMX0.4% · +1%TBBB0.4% · +526%IONS0.3% · +506%TME0.3% · +1%KSPI0.3% · +1%GL0.2% · -37%CL0.2% · -16%AEM0.2% · newFNV0.2% · newGTLS0.2% · 0%WBS0.2% · +14%EDU0.2% · +1%ANET0.2% · -90%PG0.1% · -13%EA0.1% · 0%TSM0.1% · +1427%HD0.1% · -14%CHD0.1% · -6%SLAB0.1% · +45%RAMP0.1% · newTECH0.1% · newKVUE0.1% · +167%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 60.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 36 →

Top Trims

Show all 22 →

New Positions

Show all 26 →

Exited Positions

Show all 40 →

Carmignac Gestion Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORP NVDA 67066G104 $959.4M 12.45% 4,795,726 SH
2 BROADCOM INC AVGO 11135F101 $511.5M 6.64% 1,354,155 SH
3 CENCORA INC COR 03073E105 $494.5M 6.42% 1,747,363 SH
4 MCKESSON CORP MCK 58155Q103 $473.7M 6.15% 626,904 SH
5 ALPHABET INC GOOGL 02079K305 $412.5M 5.35% 1,154,334 SH
6 TRADEWEB MARKETS INC TW 892672106 $386.4M 5.01% 3,876,800 SH
7 MASTERCARD INC MA 57636Q104 $376.2M 4.88% 732,598 SH
8 S&P GLOBAL INC SPGI 78409V104 $374.3M 4.86% 919,140 SH
9 BERKSHIRE HATHAWAY INC BRK.B 084670702 $352.5M 4.57% 704,407 SH
10 MERCADOLIBRE INC MELI 58733R102 $322.6M 4.19% 190,098 SH
11 INTERCONTINENTAL EXCHANGE INC ICE 45866F104 $254.9M 3.31% 2,070,226 SH
12 MICROSOFT CORP MSFT 594918104 $231.9M 3.01% 621,773 SH
13 AMAZON.COM INC AMZN 023135106 $200.5M 2.60% 841,266 SH
14 AMPHENOL CORP APH 032095101 $171.0M 2.22% 969,763 SH
15 LANTHEUS HOLDINGS INC LNTH 516544103 $148.7M 1.93% 1,340,100 SH
16 ATLASSIAN CORP TEAM 049468101 $122.7M 1.59% 1,577,000 SH
17 REGENERON PHARMACEUTICALS INC REGN 75886F107 $113.8M 1.48% 182,507 SH
18 ZOETIS INC ZTS 98978V103 $113.2M 1.47% 1,575,700 SH
19 EQUIFAX INC EFX 294429105 $112.8M 1.46% 710,685 SH
20 PARKER-HANNIFIN CORP PH 701094104 $101.0M 1.31% 103,265 SH
21 ITAU UNIBANCO HOLDING SA ITUB 465562106 $99.8M 1.30% 12,219,314 SH
22 BLOCK INC XYZ 852234103 $97.8M 1.27% 1,287,026 SH
23 AIRBNB INC ABNB 009066101 $94.0M 1.22% 656,570 SH
24 VERTEX PHARMACEUTICALS INC VRTX 92532F100 $81.0M 1.05% 163,045 SH
25 CELESTICA INC CLS 15101Q207 $70.5M 0.91% 193,200 SH
26 VIPSHOP HOLDINGS LTD VIPS 92763W103 $65.2M 0.85% 4,920,324 SH
27 SEA LTD SE 81141R100 $62.3M 0.81% 651,818 SH
28 META PLATFORMS INC META 30303M102 $58.3M 0.76% 103,560 SH
29 ALIGN TECHNOLOGY INC ALGN 016255101 $53.5M 0.69% 316,832 SH
30 DOXIMITY INC DOCS 26622P107 $48.9M 0.63% 2,355,900 SH
31 GITLAB INC GTLB 37637K108 $45.1M 0.58% 1,475,612 SH
32 SLB LTD SLB 806857108 $39.3M 0.51% 846,192 SH
33 VNET GROUP INC VNET 90138A103 $38.1M 0.49% 4,760,599 SH
34 SERVICENOW INC NOW 81762P102 $36.9M 0.48% 371,803 SH
35 NEUROCRINE BIOSCIENCES INC NBIX 64125C109 $36.1M 0.47% 214,100 SH
36 ROYALTY PHARMA PLC RPRX G7709Q104 $35.4M 0.46% 630,700 SH
37 SPROUTS FARMERS MARKET INC SFM 85208M102 $31.7M 0.41% 375,200 SH
38 SPACE EXPLORATION TECHNOLOGIES CORP SPCX 84615Q103 $28.8M 0.37% 168,723 SH
39 VESTA REAL ESTATE CORP VTMX 92540K109 $28.5M 0.37% 829,302 SH
40 BBB FOODS INC TBBB G0896C103 $27.9M 0.36% 670,106 SH
41 IONIS PHARMACEUTICALS INC IONS 462222100 $25.5M 0.33% 321,000 SH
42 TENCENT MUSIC ENTERTAINMENT GROUP TME 88034P109 $24.3M 0.31% 2,903,426 SH
43 KASPI.KZ JSC KSPI 48581R205 $19.6M 0.26% 226,666 SH
44 GLOBE LIFE INC GL 37959E102 $19.1M 0.25% 107,100 SH
45 COLGATE-PALMOLIVE CO CL 194162103 $18.3M 0.24% 199,143 SH
46 AGNICO EAGLE MINES LTD AEM 008474108 $17.6M 0.23% 113,584 SH
47 FRANCO-NEVADA CORP FNV 351858105 $17.5M 0.23% 83,723 SH
48 CHART INDUSTRIES INC GTLS 16115Q308 $17.3M 0.22% 82,944 SH
49 WEBSTER FINANCIAL CORP WBS 947890109 $17.0M 0.22% 222,221 SH
50 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC EDU 647581206 $16.9M 0.22% 368,392 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $7.71B 100 0000945621-26-001046
2026-03-31 2026-06-15 $6.51B 112 0000945621-26-000828
2025-12-31 2026-02-13 $7.39B 124 0000945621-26-000299
2025-09-30 2025-11-13 $6.71B 136 0000945621-25-001089
Filer Information
Address
24 PLACE VENDOME
PARIS, I0 75001
Phone
0033142865335
Filing Manager
Carmignac Gestion
PARIS, I0
Signatory
Olivia Vayssette
Head of Legal Affairs