Carmignac Gestion
CIK 0001569758
Annualised vol
17.079921%
Beta
0.815993
HHI
476.426163
Top-10 weight
60.52314%
VaR 95%
1.636668%
VaR 99%
2.988081%
Max drawdown
25.856168%
Matched value
93.464158%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| NVDA | ADDED | 4,795,726 | 4,566,444 | 5.02% | 959,396,656 |
| AVGO | ADDED | 1,354,155 | 541,651 | 150.01% | 511,485,340 |
| COR | ADDED | 1,747,363 | 1,101,251 | 58.67% | 494,462,712 |
| MCK | ADDED | 626,904 | 317,721 | 97.31% | 473,673,923 |
| GOOGL | REDUCED | 1,154,334 | 1,345,592 | -14.21% | 412,479,717 |
| TW | ADDED | 3,876,800 | 2,286,200 | 69.57% | 386,361,888 |
| MA | ADDED | 732,598 | 380,470 | 92.55% | 376,234,143 |
| SPGI | REDUCED | 919,140 | 955,021 | -3.76% | 374,339,993 |
| BRK-B | ADDED | 704,407 | 407,702 | 72.77% | 352,478,219 |
| MELI | REDUCED | 190,098 | 249,455 | -23.79% | 322,636,135 |
| ICE | ADDED | 2,070,226 | 1,150,073 | 80.01% | 254,860,529 |
| MSFT | ADDED | 630,273 | 225,323 | 179.72% | 231,901,685 |
| AMZN | REDUCED | 841,266 | 1,409,850 | -40.33% | 200,524,604 |
| LNTH | ADDED | 1,340,100 | 1,328,000 | 0.91% | 148,670,694 |
| TEAM | REDUCED | 1,577,000 | 2,603,770 | -39.43% | 122,674,830 |
| REGN | ADDED | 182,507 | 116,571 | 56.56% | 113,826,706 |
| ZTS | NEW | 1,575,700 | - | - | 113,229,802 |
| EFX | ADDED | 710,685 | 364,605 | 94.92% | 112,798,160 |
| PH | ADDED | 103,265 | 35,433 | 191.44% | 100,971,357 |
| XYZ | REDUCED | 1,287,026 | 3,233,826 | -60.2% | 97,813,976 |
| ABNB | REDUCED | 656,570 | 659,570 | -0.45% | 93,955,167 |
| CLS | NEW | 193,200 | - | - | 70,479,360 |
| VIPS | ADDED | 4,920,324 | 4,480,529 | 9.82% | 65,166,153 |
| SE | ADDED | 651,818 | 637,576 | 2.23% | 62,348,859 |
| META | REDUCED | 103,560 | 114,410 | -9.48% | 58,334,312 |
| ALGN | ADDED | 316,832 | 225,171 | 40.71% | 53,495,676 |
| DOCS | REDUCED | 2,355,900 | 4,311,997 | -45.36% | 48,861,366 |
| GTLB | ADDED | 1,475,612 | 947,000 | 55.82% | 45,050,434 |
| SLB | REDUCED | 846,192 | 946,192 | -10.57% | 39,339,466 |
| VNET | ADDED | 4,760,599 | 322,720 | 1375.15% | 38,122,897 |
| NOW | REDUCED | 371,803 | 1,513,849 | -75.44% | 36,914,347 |
| NBIX | ADDED | 214,100 | 186,000 | 15.11% | 36,083,344 |
| RPRX | REDUCED | 630,700 | 631,200 | -0.08% | 35,363,349 |
| SFM | REDUCED | 375,200 | 698,470 | -46.28% | 31,734,416 |
| SPCX | NEW | 168,723 | - | - | 28,828,012 |
| TBBB | ADDED | 670,106 | 106,965 | 526.47% | 27,916,587 |
| IONS | ADDED | 321,000 | 53,000 | 505.66% | 25,452,090 |
| TME | ADDED | 2,903,426 | 2,881,153 | 0.77% | 24,257,434 |
| GL | REDUCED | 107,100 | 170,000 | -37.0% | 19,136,628 |
| CL | REDUCED | 199,143 | 236,202 | -15.69% | 18,292,939 |
| AEM | NEW | 113,584 | - | - | 17,620,286 |
| FNV | NEW | 83,723 | - | - | 17,451,222 |
| EDU | ADDED | 368,392 | 365,386 | 0.82% | 16,920,614 |
| ANET | REDUCED | 72,457 | 747,026 | -90.3% | 12,275,587 |
| PG | REDUCED | 76,813 | 88,160 | -12.87% | 11,298,935 |
| TSM | ADDED | 20,956 | 1,372 | 1427.41% | 10,007,957 |
| HD | REDUCED | 26,374 | 30,734 | -14.19% | 9,287,741 |
| SLAB | ADDED | 40,340 | 27,843 | 44.88% | 8,816,710 |
| RAMP | NEW | 234,126 | - | - | 8,812,503 |
| TECH | NEW | 124,530 | - | - | 8,798,045 |
| KVUE | ADDED | 420,432 | 157,574 | 166.82% | 8,034,456 |
| TMO | REDUCED | 15,727 | 15,828 | -0.64% | 7,904,196 |
| BNTX | REDUCED | 79,875 | 112,711 | -29.13% | 7,447,947 |
| WBD | ADDED | 276,857 | 236,373 | 17.13% | 7,381,008 |
| OGN | NEW | 448,606 | - | - | 6,074,125 |
| DBRG | UNCHANGED | 369,415 | 369,415 | 0.0% | 5,829,369 |
| PAYO | NEW | 426,354 | - | - | 3,035,640 |
| CZR | NEW | 100,508 | - | - | 3,033,331 |
| TXNM | UNCHANGED | 47,000 | 47,000 | 0.0% | 2,668,660 |
| MMYT | ADDED | 40,452 | 30,428 | 32.94% | 2,155,687 |
| IMXI | UNCHANGED | 138,650 | 138,650 | 0.0% | 2,003,493 |
| QFIN | UNCHANGED | 39,081 | 39,081 | 0.0% | 617,871 |
| V | REDUCED | 1,721 | 2,328 | -26.07% | 590,458 |
| DX | NEW | 44,846 | - | - | 587,931 |
| AGNC | NEW | 49,928 | - | - | 544,215 |
| NLY | NEW | 23,612 | - | - | 527,964 |
| BMY | NEW | 9,014 | - | - | 519,387 |
| EH | UNCHANGED | 76,985 | 76,985 | 0.0% | 504,252 |
| GFS | NEW | 5,719 | - | - | 471,303 |
| PFE | NEW | 19,475 | - | - | 468,958 |
| CCO | UNCHANGED | 58,471 | 58,471 | 0.0% | 141,500 |
| PTON | CLOSED OUT | 0 | 4,064,500 | -100.0% | 0 |
| CRM | CLOSED OUT | 0 | 974,129 | -100.0% | 0 |
| WDAY | CLOSED OUT | 0 | 457,500 | -100.0% | 0 |
| CRDO | CLOSED OUT | 0 | 364,500 | -100.0% | 0 |
| ALAB | CLOSED OUT | 0 | 60,000 | -100.0% | 0 |
| P | CLOSED OUT | 0 | 40,000 | -100.0% | 0 |
| EOSE | CLOSED OUT | 0 | 26,000 | -100.0% | 0 |
| MU | CLOSED OUT | 0 | 20,400 | -100.0% | 0 |
| TWLO | CLOSED OUT | 0 | 20,000 | -100.0% | 0 |
| CSCO | CLOSED OUT | 0 | 15,796 | -100.0% | 0 |
| SUNB | CLOSED OUT | 0 | 15,591 | -100.0% | 0 |
| BKNG | CLOSED OUT | 0 | 14,742 | -100.0% | 0 |
| KEYS | CLOSED OUT | 0 | 10,000 | -100.0% | 0 |
| KLAC | CLOSED OUT | 0 | 9,000 | -100.0% | 0 |
| AAPL | CLOSED OUT | 0 | 4,785 | -100.0% | 0 |
| JPM | ADDED | 539,000 | 3,308 | 16193.83% | 0 |
| NFLX | ADDED | 29,900 | 3,071 | 873.62% | 0 |
| HLT | CLOSED OUT | 0 | 2,990 | -100.0% | 0 |
| MAR | CLOSED OUT | 0 | 2,838 | -100.0% | 0 |
| ACN | CLOSED OUT | 0 | 2,665 | -100.0% | 0 |
| INTU | CLOSED OUT | 0 | 1,164 | -100.0% | 0 |
| COST | CLOSED OUT | 0 | 1,151 | -100.0% | 0 |
| LLY | CLOSED OUT | 0 | 584 | -100.0% | 0 |
| BSX | NEW | 38,200 | - | - | 0 |
| BTDR | NEW | 681,600 | - | - | 0 |
| AU | NEW | 10,300 | - | - | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| NVDA | ADDED | NVIDIA CORP | COM | 67066G104 | 959,396,656 | 12.45 | 4795726.0 |
| AVGO | ADDED | BROADCOM INC | COM | 11135F101 | 511,485,340 | 6.64 | 1354155.0 |
| COR | ADDED | CENCORA INC | COM | 03073E105 | 494,462,712 | 6.42 | 1747363.0 |
| MCK | ADDED | MCKESSON CORP | COM | 58155Q103 | 473,673,923 | 6.15 | 626904.0 |
| GOOGL | REDUCED | ALPHABET INC | CAP STK CL A | 02079K305 | 412,479,717 | 5.35 | 1154334.0 |
| TW | ADDED | TRADEWEB MARKETS INC | CL A | 892672106 | 386,361,888 | 5.01 | 3876800.0 |
| MA | ADDED | MASTERCARD INC | CL A | 57636Q104 | 376,234,143 | 4.88 | 732598.0 |
| SPGI | REDUCED | S&P GLOBAL INC | COM | 78409V104 | 374,339,993 | 4.86 | 919140.0 |
| BRK-B | ADDED | BERKSHIRE HATHAWAY INC | CL B | 084670702 | 352,478,219 | 4.57 | 704407.0 |
| MELI | REDUCED | MERCADOLIBRE INC | COM | 58733R102 | 322,636,135 | 4.19 | 190098.0 |
| ICE | ADDED | INTERCONTINENTAL EXCHANGE INC | COM | 45866F104 | 254,860,529 | 3.31 | 2070226.0 |
| MSFT | ADDED | MICROSOFT CORP | COM | 594918104 | 231,901,685 | 3.01 | 621773.0 |
| AMZN | REDUCED | AMAZON.COM INC | COM | 023135106 | 200,524,604 | 2.6 | 841266.0 |
| - | AMPHENOL CORP | CL A | 032095101 | 170,988,612 | 2.22 | 969763.0 | |
| LNTH | ADDED | LANTHEUS HOLDINGS INC | COM | 516544103 | 148,670,694 | 1.93 | 1340100.0 |
| TEAM | REDUCED | ATLASSIAN CORP | CL A | 049468101 | 122,674,830 | 1.59 | 1577000.0 |
| REGN | ADDED | REGENERON PHARMACEUTICALS INC | COM | 75886F107 | 113,826,706 | 1.48 | 182507.0 |
| ZTS | NEW | ZOETIS INC | CL A | 98978V103 | 113,229,802 | 1.47 | 1575700.0 |
| EFX | ADDED | EQUIFAX INC | COM | 294429105 | 112,798,160 | 1.46 | 710685.0 |
| PH | ADDED | PARKER-HANNIFIN CORP | COM | 701094104 | 100,971,357 | 1.31 | 103265.0 |
| - | ITAU UNIBANCO HOLDING SA | SPON ADR REP PFD | 465562106 | 99,831,795 | 1.3 | 1.2219314E7 | |
| XYZ | REDUCED | BLOCK INC | CL A | 852234103 | 97,813,976 | 1.27 | 1287026.0 |
| ABNB | REDUCED | AIRBNB INC | COM CL A | 009066101 | 93,955,167 | 1.22 | 656570.0 |
| - | VERTEX PHARMACEUTICALS INC | COM | 92532F100 | 81,002,704 | 1.05 | 163045.0 | |
| CLS | NEW | CELESTICA INC | COM | 15101Q207 | 70,479,360 | 0.91 | 193200.0 |
| VIPS | ADDED | VIPSHOP HOLDINGS LTD | SPONSORED ADS A | 92763W103 | 65,166,153 | 0.85 | 4920324.0 |
| SE | ADDED | SEA LTD | SPONSORD ADS | 81141R100 | 62,348,859 | 0.81 | 651818.0 |
| META | REDUCED | META PLATFORMS INC | CL A | 30303M102 | 58,334,312 | 0.76 | 103560.0 |
| ALGN | ADDED | ALIGN TECHNOLOGY INC | COM | 016255101 | 53,495,676 | 0.69 | 316832.0 |
| DOCS | REDUCED | DOXIMITY INC | CL A | 26622P107 | 48,861,366 | 0.63 | 2355900.0 |
| GTLB | ADDED | GITLAB INC | CLASS A COM | 37637K108 | 45,050,434 | 0.58 | 1475612.0 |
| SLB | REDUCED | SLB LTD | COM STK | 806857108 | 39,339,466 | 0.51 | 846192.0 |
| VNET | ADDED | VNET GROUP INC | SPONSORED ADS A | 90138A103 | 38,122,897 | 0.49 | 4760599.0 |
| NOW | REDUCED | SERVICENOW INC | COM | 81762P102 | 36,914,347 | 0.48 | 371803.0 |
| NBIX | ADDED | NEUROCRINE BIOSCIENCES INC | COM | 64125C109 | 36,083,344 | 0.47 | 214100.0 |
| RPRX | REDUCED | ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 | 35,363,349 | 0.46 | 630700.0 |
| SFM | REDUCED | SPROUTS FARMERS MARKET INC | COM | 85208M102 | 31,734,416 | 0.41 | 375200.0 |
| SPCX | NEW | SPACE EXPLORATION TECHNOLOGIES CORP | CL A COM STK | 84615Q103 | 28,828,012 | 0.37 | 168723.0 |
| - | VESTA REAL ESTATE CORP | ADS | 92540K109 | 28,450,580 | 0.37 | 829302.0 | |
| TBBB | ADDED | BBB FOODS INC | CL A COM | G0896C103 | 27,916,587 | 0.36 | 670106.0 |
| IONS | ADDED | IONIS PHARMACEUTICALS INC | COM | 462222100 | 25,452,090 | 0.33 | 321000.0 |
| TME | ADDED | TENCENT MUSIC ENTERTAINMENT GROUP | SPON ADS | 88034P109 | 24,257,434 | 0.31 | 2903426.0 |
| - | KASPI.KZ JSC | SPONSORED ADS | 48581R205 | 19,649,187 | 0.26 | 226666.0 | |
| GL | REDUCED | GLOBE LIFE INC | COM | 37959E102 | 19,136,628 | 0.25 | 107100.0 |
| CL | REDUCED | COLGATE-PALMOLIVE CO | COM | 194162103 | 18,292,939 | 0.24 | 199143.0 |
| AEM | NEW | AGNICO EAGLE MINES LTD | COM | 008474108 | 17,620,286 | 0.23 | 113584.0 |
| FNV | NEW | FRANCO-NEVADA CORP | COM | 351858105 | 17,451,222 | 0.23 | 83723.0 |
| - | CHART INDUSTRIES INC | COM | 16115Q308 | 17,330,319 | 0.22 | 82944.0 | |
| - | WEBSTER FINANCIAL CORP | COM | 947890109 | 16,982,129 | 0.22 | 222221.0 | |
| EDU | ADDED | NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC | SPON ADR | 647581206 | 16,920,614 | 0.22 | 368392.0 |
| ANET | REDUCED | ARISTA NETWORKS INC | COM SHS | 040413205 | 12,275,587 | 0.16 | 72457.0 |
| PG | REDUCED | PROCTER & GAMBLE CO/THE | COM | 742718109 | 11,298,935 | 0.15 | 76813.0 |
| - | ELECTRONIC ARTS INC | COM | 285512109 | 10,033,427 | 0.13 | 48934.0 | |
| TSM | ADDED | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | SPONSORED ADS | 874039100 | 10,007,957 | 0.13 | 20956.0 |
| HD | REDUCED | HOME DEPOT INC/THE | COM | 437076102 | 9,287,741 | 0.12 | 26374.0 |
| - | CHURCH & DWIGHT CO INC | COM | 171340102 | 8,838,182 | 0.11 | 90997.0 | |
| SLAB | ADDED | SILICON LABORATORIES INC | COM | 826919102 | 8,816,710 | 0.11 | 40340.0 |
| RAMP | NEW | LIVERAMP HOLDINGS INC | COM | 53815P108 | 8,812,503 | 0.11 | 234126.0 |
| TECH | NEW | BIO-TECHNE CORP | COM | 09073M104 | 8,798,045 | 0.11 | 124530.0 |
| KVUE | ADDED | KENVUE INC | COM | 49177J102 | 8,034,456 | 0.1 | 420432.0 |
| TMO | REDUCED | THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 7,904,196 | 0.1 | 15727.0 |
| BNTX | REDUCED | BIONTECH SE | SPONSORED ADS | 09075V102 | 7,447,947 | 0.1 | 79875.0 |
| WBD | ADDED | WARNER BROS DISCOVERY INC | COM SER A | 934423104 | 7,381,008 | 0.1 | 276857.0 |
| - | JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 | 7,132,735 | 0.09 | 137300.0 | |
| OGN | NEW | ORGANON & CO | COMMON STOCK | 68622V106 | 6,074,125 | 0.08 | 448606.0 |
| - | APOGEE THERAPEUTICS INC | COM | 03770N101 | 5,903,167 | 0.08 | 44475.0 | |
| - | NUVALENT INC | COM | 670703107 | 5,885,640 | 0.08 | 47657.0 | |
| DBRG | UNCHANGED | DIGITALBRIDGE GROUP INC | CL A | 25401T603 | 5,829,369 | 0.08 | 369415.0 |
| - | ESPERION THERAPEUTICS INC | COM | 29664W105 | 5,243,701 | 0.07 | 1659399.0 | |
| - | LEGGETT & PLATT INC | COM | 524660107 | 4,802,493 | 0.06 | 410119.0 | |
| PAYO | NEW | PAYONEER GLOBAL INC | COM | 70451X104 | 3,035,640 | 0.04 | 426354.0 |
| CZR | NEW | CAESARS ENTERTAINMENT INC | COM | 12769G100 | 3,033,331 | 0.04 | 100508.0 |
| - | CATALYST PHARMACEUTICALS INC | COM | 14888U101 | 3,004,802 | 0.04 | 95603.0 | |
| - | OPEN LENDING CORP | COM | 68373J104 | 2,986,157 | 0.04 | 960179.0 | |
| - | GLOBAL BUSINESS TRAVEL GROUP I | COM CL A | 37890B100 | 2,971,588 | 0.04 | 316463.0 | |
| - | TALKSPACE INC | COM | 87427V103 | 2,895,209 | 0.04 | 556771.0 | |
| - | SELECT MEDICAL HOLDINGS CORP | COM | 81619Q105 | 2,881,259 | 0.04 | 174516.0 | |
| TXNM | UNCHANGED | TXNM ENERGY INC | COM | 69349H107 | 2,668,660 | 0.03 | 47000.0 |
| - | OLAPLEX HOLDINGS INC | COM | 679369108 | 2,567,928 | 0.03 | 1252648.0 | |
| - | AVANOS MEDICAL INC | COM | 05350V106 | 2,224,720 | 0.03 | 89418.0 | |
| MMYT | ADDED | MAKEMYTRIP LTD | SHS | V5633W109 | 2,155,687 | 0.03 | 40452.0 |
| IMXI | UNCHANGED | INTERNATIONAL MONEY EXPRESS INC | COM | 46005L101 | 2,003,493 | 0.03 | 138650.0 |
| - | CRH PLC | ORD | G25508105 | 1,838,581 | 0.02 | 17183.0 | |
| QFIN | UNCHANGED | QFIN HOLDINGS INC | AMERICAN DEP | 88557W101 | 617,871 | 0.01 | 39081.0 |
| V | REDUCED | VISA INC | COM CL A | 92826C839 | 590,458 | 0.01 | 1721.0 |
| DX | NEW | DYNEX CAPITAL INC | COM | 26817Q886 | 587,931 | 0.01 | 44846.0 |
| AGNC | NEW | AGNC INVESTMENT CORP | COM | 00123Q104 | 544,215 | 0.01 | 49928.0 |
| NLY | NEW | ANNALY CAPITAL MANAGEMENT INC | COM NEW | 035710839 | 527,964 | 0.01 | 23612.0 |
| BMY | NEW | BRISTOL-MYERS SQUIBB CO | COM | 110122108 | 519,387 | 0.01 | 9014.0 |
| EH | UNCHANGED | EHANG HOLDINGS LTD | ADS | 26853E102 | 504,252 | 0.01 | 76985.0 |
| GFS | NEW | GLOBALFOUNDRIES INC | ORDINARY SHARES | G39387108 | 471,303 | 0.01 | 5719.0 |
| PFE | NEW | PFIZER INC | COM | 717081103 | 468,958 | 0.01 | 19475.0 |
| - | APPLIED MATERIALS INC | COM | 038222105 | 167,736 | 0.0 | 232.0 | |
| CCO | UNCHANGED | CLEAR CHANNEL OUTDOOR HOLDINGS INC | COM | 18453H106 | 141,500 | 0.0 | 58471.0 |
| JPM | ADDED | JPMORGAN CHASE & CO | CALL | 46625H900 | 0 | 0.0 | 539000.0 |
| NFLX | ADDED | NETFLIX INC | COM | 64110L106 | 0 | 0.0 | 29900.0 |
| AU | NEW | ANGLOGOLD ASHANTI PLC | CALL | G0378L900 | 0 | 0.0 | 10300.0 |
| BTDR | NEW | BITDEER TECHNOLOGIES GROUP | CALL | G11448900 | 0 | 0.0 | 681600.0 |
| BSX | NEW | BOSTON SCIENTIFIC CORP | PUT | 101137957 | 0 | 0.0 | 38200.0 |
| MSFT | ADDED | MICROSOFT CORP | CALL | 594918904 | 0 | 0.0 | 8500.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | 7,705,397,907 | 100 | 17.079921 | 0.815993 | 25.856168 |
| 2026-03-31 | 2026-06-15 | 6,507,181,896 | 112 | 18.193661 | 0.863101 | 29.994087 |
| 2025-12-31 | 2026-02-13 | 7,393,778,061 | 124 | 18.388188 | 0.8818 | 30.378394 |
| 2025-09-30 | 2025-11-13 | 6,709,833,025 | 136 | 17.570946 | 0.850225 | 28.266749 |
| 2025-03-31 | 2025-05-14 | 6,090,174,922 | 152 | 16.319599 | 0.791152 | 23.59466 |
| 2024-12-31 | 2025-02-13 | 6,274,983,942 | 151 | 16.172302 | 0.78967 | 24.093756 |