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Carmignac Gestion

Q2 2025 · Filed 2025-08-13
Market Value
$6.5B
+6.6%
Holdings
170
-1
New Purchases
21
Added To
43
Closed
51
Reduced
48
Top 10 Concentration
51.8%
Turnover
42.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 7.13% 4.23% +2.90% $463M
NVDA 9.09% 7.07% +2.02% $590M
MELI 5.49% 3.79% +1.71% $357M
ANET 1.59% 0.27% +1.32% $103M
AVGO 3.54% 2.27% +1.27% $230M
SPGI 3.79% 2.81% +0.99% $246M
CRM 1.00% 0.04% +0.96% $65M
META 2.35% 1.45% +0.90% $152M
TMO 2.45% 1.55% +0.90% $159M
ABNB 0.80% 0.00% +0.80% $52M
APH 2.96% 2.23% +0.73% $192M
NOW 1.96% 1.36% +0.60% $127M
VRTX 1.56% 1.01% +0.55% $101M
MSFT 3.75% 3.24% +0.51% $243M
TW 1.29% 0.81% +0.49% $84M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SLB 0.00% 3.16% -3.16% $0
CNC 1.80% 4.48% -2.68% $117M
SNPS 1.37% 3.54% -2.18% $89M
AMZN 7.32% 9.00% -1.67% $475M
PH 0.48% 1.83% -1.35% $31M
MA 0.00% 1.01% -1.01% $0
ABC 4.26% 5.04% -0.78% $277M
MCK 4.41% 5.15% -0.74% $286M
ETN 2.10% 2.69% -0.59% $136M
TSM 0.04% 0.62% -0.58% $3M
CL 0.00% 0.56% -0.56% $0
GE 0.82% 1.18% -0.36% $53M
LIN 0.76% 1.09% -0.33% $49M
JD 0.00% 0.31% -0.31% $0
SKX 0.03% 0.34% -0.30% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 24 $2.5B 37.9%
Large Cap 80 $3.6B 56.2%
Mid Cap 40 $347M 5.4%
Small Cap 24 $38M 0.6%
Micro Cap 2 $0 0.0%

Portfolio Analytics

Avg Market Cap
$241.9B
Median Market Cap
$29.1B
Avg P/E
40.2
Median P/E
29.4
Avg Dividend Yield
0.01%
Avg Beta
1.11
# Stocks
170
# ETFs / Funds
0

Top Holdings (170 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 9.09% 3,733,985 $590M $157.99 $160M -236,425 -6.0%
2 AMZN 7.32% 2,165,476 $475M $219.43 -$73M -712,751 -24.8%
3 GOOGL 7.13% 2,625,815 $463M $176.24 $205M +960,753 +57.7%
4 MELI 5.49% 136,441 $357M $2,613.10 $126M +18,203 +15.4%
5 MCK 4.41% 390,112 $286M $732.75 -$28M -75,764 -16.3%
6 ABC 4.26% 922,491 $277M $299.85 -$30M -180,988 -16.4%
7 SPGI 3.79% 467,109 $246M $527.16 $75M +130,798 +38.9%
8 MSFT 3.75% 488,624 $243M $497.35 $46M -35,999 -6.9%
9 AVGO 3.54% 833,124 $230M $275.65 $92M +9,440 +1.1%
10 ICE 3.02% 1,068,406 $196M $183.45 $20M +48,296 +4.7%
11 APH 2.96% 1,946,500 $192M $98.75 $56M -124,500 -6.0%
12 TMO 2.45% 391,279 $159M $405.51 $65M +202,107 +106.8%
13 META 2.35% 206,490 $152M $738.09 $64M +53,625 +35.1%
14 EFX 2.32% 581,098 $151M $259.33 $79K -37,393 -6.0%
15 VIPS 2.21% 9,510,664 $143M $15.05 $3M +550,843 +6.2%
16 SQ 2.15% 2,054,026 $140M $67.93 $19M -163,500 -7.4%
17 ETN 2.10% 381,000 $136M $356.99 -$28M -221,544 -36.8%
18 NOW 1.96% 123,415 $127M $1,028.01 $44M +19,714 +19.0%
19 CNC 1.80% 2,150,428 $117M $54.28 -$156M -2,345,500 -52.2%
20 CDNS 1.68% 354,026 $109M $308.12 $1M -70,797 -16.7%
21 ANET 1.59% 1,009,500 $103M $102.31 $87M +796,800 +374.6%
22 VRTX 1.56% 227,296 $101M $445.04 $40M +100,342 +79.0%
23 ITUB 1.47% 14,046,110 $95M $6.79 $8M -1,845,630 -11.6%
24 SNPS 1.37% 173,034 $89M $512.68 -$127M -329,739 -65.6%
25 TW 1.29% 572,900 $84M $146.40 $35M +241,900 +73.1%
26 LLY 1.22% 101,326 $79M $779.40 -$2M +3,414 +3.5%
27 FIX 1.08% 130,699 $70M $536.18 $27M -3,575 -2.7%
28 CRM 1.00% 238,050 $65M $272.69 $63M +229,258 +2607.6%
29 ORLY 0.88% 636,340 $57M $90.13 -$12M +587,704 +1208.4%
30 GE 0.82% 205,825 $53M $257.39 -$19M -153,500 -42.7%
31 ABNB 0.80% 390,970 $52M $132.34 +390,970 NEW
32 CLS 0.78% 325,500 $51M $156.11 $29M +54,000 +19.9%
33 LIN 0.76% 105,194 $49M $469.18 -$17M -37,439 -26.2%
34 SE 0.70% 283,455 $45M $159.90 $10M +10,810 +4.0%
35 KLAC 0.61% 44,100 $40M $895.74 $21M +16,500 +59.8%
36 NEM 0.56% 620,651 $36M $58.26 $13M +145,788 +30.7%
37 KEYS 0.55% 219,000 $36M $163.86 $19M +106,000 +93.8%
38 PH 0.48% 45,009 $31M $698.47 -$80M -138,400 -75.5%
39 AEM 0.47% 257,718 $31M $118.93 -$6M -83,829 -24.5%
40 TAP 0.44% 599,000 $29M $48.09 $6M +221,538 +58.7%
41 PG 0.43% 174,852 $28M $159.39 -$6M -26,561 -13.2%
42 DOCS 0.39% 415,228 $25M $61.34 $4M +45,228 +12.2%
43 LNTH 0.37% 297,000 $24M $81.86 $6M +106,500 +55.9%
44 VTMX 0.32% 768,515 $21M $27.38 $4M +31,085 +4.2%
45 HTHT 0.30% 576,907 $20M $33.94 -$2M +6,089 +1.1%
46 BNTX 0.29% 176,351 $19M $106.51 $2M -9,526 -5.1%
47 CRS 0.27% 63,600 $18M $276.38 -$2M -45,452 -41.7%
48 HD 0.26% 45,328 $17M $366.87 $2M +6,224 +15.9%
49 LULU 0.25% 69,000 $16M $237.58 -$7M -12,000 -14.8%
50 KSPI 0.24% 184,030 $16M $84.95 $119K +16,976 +10.2%
51 DHR 0.23% 76,055 $15M $197.73 -$4M -17,315 -18.5%
52 EDU 0.22% 265,333 $14M $53.96 -$34K -34,917 -11.6%
53 ORCL 0.19% 55,808 $12M $217.65 $4M -220 -0.4%
54 ANSS 0.18% 32,796 $11M $350.56 -$14M -48,928 -59.9%
55 MRUS 0.17% 214,722 $11M $52.65 $6M +93,561 +77.2%
56 DNB 0.17% 1,205,784 $11M $9.09 $8M +891,318 +283.4%
57 FYBR 0.16% 290,833 $11M $36.40 $9M +256,332 +743.0%
58 INTU 0.16% 13,042 $10M $786.36 $3M +906 +7.5%
59 ALGN 0.15% 52,453 $10M $189.19 $902K -4,321 -7.6%
60 ESGR 0.15% 28,589 $10M $336.36 $8M +24,027 +526.7%
61 CHX 0.15% 378,880 $9M $24.84 -$2M -15,553 -3.9%
62 GL 0.14% 74,000 $9M $124.29 -$3M -16,000 -17.8%
63 ACN 0.14% 30,366 $9M $298.44 $492K +2,830 +10.3%
64 ADBE 0.12% 20,062 $8M $386.71 $4M +9,434 +88.8%
65 SYK 0.12% 19,556 $8M $395.24 -$4M -12,113 -38.2%
66 BPMC 0.11% 54,676 $7M $128.18 +54,676 NEW
67 SWTX 0.11% 148,806 $7M $46.99 +148,806 NEW
68 ISRG 0.10% 12,103 $7M $541.67 -$8M -17,767 -59.5%
69 AAPL 0.09% 28,190 $6M $205.17 $3M +13,476 +91.6%
70 CSCO 0.09% 81,368 $6M $69.38 $624K
71 TUYA 0.08% 2,180,501 $5M $2.31 -$4M -857,743 -28.2%
72 COST 0.08% 5,000 $5M $989.94 $221K
73 WBA 0.07% 414,681 $5M $11.48 +414,681 NEW
74 INFA 0.07% 194,672 $5M $24.35 +194,672 NEW
75 ETWO 0.07% 1,441,686 $5M $3.23 +1,441,686 NEW
76 SCHN 0.07% 156,757 $5M $29.69 +156,757 NEW
77 GB 0.07% 603,472 $5M $7.47 -$195K -35,562 -5.6%
78 V 0.07% 12,429 $4M $355.05 $57K
79 AGI 0.06% 157,543 $4M $26.56 +157,543 NEW
80 GGAL 0.06% 77,070 $4M $50.46 -$4M -61,962 -44.6%
81 CTLP 0.06% 326,466 $4M $10.99 +326,466 NEW
82 IPG 0.05% 141,766 $3M $24.48 +141,766 NEW
83 JNPR 0.05% 83,454 $3M $39.93 $148K -4,546 -5.2%
84 JPM 0.05% 11,057 $3M $289.91 -$75K -2,317 -17.3%
85 FNV 0.05% 19,550 $3M $163.92 $124K
86 MAR 0.05% 11,225 $3M $273.21 $161K -975 -8.0%
87 HLT 0.05% 11,311 $3M $266.34 $199K -1,052 -8.5%
88 TSM 0.04% 12,775 $3M $226.49 -$35M -216,098 -94.4%
89 TASK 0.04% 171,507 $3M $16.76 $2M +86,507 +101.8%
90 TME 0.04% 137,269 $3M $19.49 $1M +25,667 +23.0%
91 SHW 0.04% 7,632 $3M $343.36 -$49K -12 -0.2%
92 GHLD 0.04% 119,606 $2M $19.77 +119,606 NEW
93 ALAB 0.04% 26,000 $2M $90.42 $2M +14,000 +116.7%
94 TGI 0.04% 89,818 $2M $25.75 $663K +24,720 +38.0%
95 PRA 0.04% 99,759 $2M $22.83 $470K +22,363 +28.9%
96 SKX 0.03% 33,786 $2M $63.10 -$18M -326,214 -90.6%
97 AVDX 0.03% 214,818 $2M $9.79 +214,818 NEW
98 VNET 0.03% 291,452 $2M $6.90 $605K +119,976 +70.0%
99 VIGL 0.03% 241,755 $2M $7.95 +241,755 NEW
100 EH 0.03% 106,479 $2M $17.36 -$669K -14,032 -11.6%

New Positions

SymbolValue% Port
ABNB $52M 0.80%
BPMC $7M 0.11%
SWTX $7M 0.11%
WBA $5M 0.07%
INFA $5M 0.07%
ETWO $5M 0.07%
SCHN $5M 0.07%
AGI $4M 0.06%
CTLP $4M 0.06%
IPG $3M 0.05%
GHLD $2M 0.04%
AVDX $2M 0.03%
VIGL $2M 0.03%
YETI $2M 0.03%
VRT $1M 0.02%

Sold Out Positions

SymbolValue% Port
NVT —%
ALB —%
NEE —%
SNOW —%
ECL —%
CL —%
DQ —%
DAR —%
NOV —%
VLTO —%
WM —%
MTZ —%
HXL —%
FERG —%
SLB —%
View SEC EDGAR Filings for Carmignac Gestion →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms