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Carmignac Gestion

Q3 2025 · Filed 2025-11-13
Market Value
$6.7B
+3.1%
Holdings
150
-20
New Purchases
31
Added To
34
Closed
28
Reduced
47
Top 10 Concentration
51.8%
Turnover
39.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SLB 2.95% 0.00% +2.95% $197M
MA 2.37% 0.00% +2.37% $158M
SPGI 5.24% 3.79% +1.45% $351M
GOOGL 8.48% 7.13% +1.35% $567M
TW 2.09% 1.29% +0.80% $140M
CRM 1.75% 1.00% +0.75% $117M
NOW 2.68% 1.96% +0.72% $179M
META 2.96% 2.35% +0.61% $198M
ANET 2.18% 1.59% +0.59% $146M
NVDA 9.62% 9.09% +0.52% $643M
CL 0.47% 0.00% +0.47% $31M
GTLB 0.45% 0.00% +0.45% $30M
ACN 0.54% 0.14% +0.40% $36M
ALGN 0.45% 0.15% +0.30% $30M
FCX 0.28% 0.00% +0.28% $19M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVGO 0.99% 3.54% -2.55% $66M
CNC 0.45% 1.80% -1.35% $30M
SNPS 0.30% 1.37% -1.07% $20M
ETN 1.21% 2.10% -0.88% $81M
MELI 4.64% 5.49% -0.86% $310M
GE 0.00% 0.82% -0.82% $0
MCK 3.63% 4.41% -0.78% $243M
TMO 1.79% 2.45% -0.66% $120M
AMZN 6.76% 7.32% -0.56% $452M
CDNS 1.15% 1.68% -0.54% $77M
KLAC 0.08% 0.61% -0.53% $5M
PH 0.00% 0.48% -0.48% $0
FIX 0.60% 1.08% -0.48% $40M
APH 2.49% 2.96% -0.47% $167M
VRTX 1.10% 1.56% -0.46% $73M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 23 $2.5B 37.6%
Large Cap 66 $3.7B 55.6%
Mid Cap 33 $387M 5.8%
Small Cap 27 $63M 0.9%
Micro Cap 1 $3M 0.0%

Portfolio Analytics

Avg Market Cap
$260.2B
Median Market Cap
$24.7B
Avg P/E
40.1
Median P/E
28.9
Avg Dividend Yield
0.01%
Avg Beta
1.11
# Stocks
150
# ETFs / Funds
0

Top Holdings (150 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 9.62% 3,448,254 $643M $186.55 $53M -285,731 -7.7%
2 GOOGL 8.48% 2,333,226 $567M $243.11 $104M -292,589 -11.1%
3 AMZN 6.76% 2,058,757 $452M $219.61 -$23M -106,719 -4.9%
4 SPGI 5.24% 720,412 $351M $486.76 $104M +253,303 +54.2%
5 MELI 4.64% 132,696 $310M $2,338.68 -$46M -3,745 -2.7%
6 ABC 4.09% 875,846 $274M $312.51 -$3M -46,645 -5.1%
7 MCK 3.63% 314,173 $243M $772.49 -$43M -75,939 -19.5%
8 MSFT 3.39% 437,491 $227M $517.79 -$16M -51,133 -10.5%
9 META 2.96% 269,499 $198M $734.38 $46M +63,009 +30.5%
10 SLB 2.95% 5,746,100 $197M $34.37 +5,746,100 NEW
11 ICE 2.91% 1,154,160 $194M $168.47 -$2M +85,754 +8.0%
12 NOW 2.68% 194,515 $179M $920.58 $52M +71,100 +57.6%
13 APH 2.49% 1,407,249 $167M $118.56 -$25M -539,251 -27.7%
14 EFX 2.39% 623,317 $160M $256.52 $9M +42,219 +7.3%
15 MA 2.37% 278,412 $158M $568.79 +278,412 NEW
16 ANET 2.18% 1,002,700 $146M $145.71 $43M -6,800 -0.7%
17 TW 2.09% 1,259,800 $140M $110.98 $56M +686,900 +119.9%
18 SQ 2.07% 1,916,626 $139M $72.27 -$1M -137,400 -6.7%
19 VIPS 1.91% 6,518,398 $128M $19.61 -$15M -2,992,266 -31.5%
20 TMO 1.79% 246,592 $120M $484.73 -$39M -144,687 -37.0%
21 CRM 1.75% 494,447 $117M $237.00 $52M +256,397 +107.7%
22 ITUB 1.24% 11,283,185 $83M $7.34 -$13M -2,762,925 -19.7%
23 ETN 1.21% 216,700 $81M $374.25 -$55M -164,300 -43.1%
24 CDNS 1.15% 218,188 $77M $351.23 -$32M -135,838 -38.4%
25 LLY 1.10% 96,847 $74M $762.39 -$5M -4,479 -4.4%
26 VRTX 1.10% 187,539 $73M $391.71 -$28M -39,757 -17.5%
27 AVGO 0.99% 199,824 $66M $329.91 -$164M -633,300 -76.0%
28 ABNB 0.85% 468,370 $57M $121.42 $5M +77,400 +19.8%
29 SE 0.76% 283,455 $51M $178.88 $5M
30 LIN 0.67% 93,794 $45M $475.00 -$5M -11,400 -10.8%
31 LNTH 0.62% 807,409 $41M $51.29 $17M +510,409 +171.8%
32 KEYS 0.61% 235,100 $41M $174.92 $5M +16,100 +7.3%
33 FIX 0.60% 48,400 $40M $825.18 -$30M -82,299 -63.0%
34 CLS 0.58% 158,000 $39M $246.38 -$12M -167,500 -51.5%
35 ACN 0.54% 145,554 $36M $246.60 $27M +115,188 +379.3%
36 AEM 0.51% 204,026 $34M $168.56 $4M -53,692 -20.8%
37 ORLY 0.51% 316,540 $34M $107.81 -$23M -319,800 -50.3%
38 CL 0.47% 390,528 $31M $80.02 +390,528 NEW
39 PG 0.46% 200,871 $31M $153.63 $3M +26,019 +14.9%
40 ALGN 0.45% 242,908 $30M $125.26 $21M +190,455 +363.1%
41 DOCS 0.45% 415,228 $30M $73.15 $5M
42 CNC 0.45% 848,000 $30M $35.68 -$86M -1,302,428 -60.6%
43 GTLB 0.45% 670,000 $30M $45.08 +670,000 NEW
44 NEM 0.44% 350,639 $30M $84.31 -$7M -270,012 -43.5%
45 GL 0.34% 159,000 $23M $142.97 $14M +85,000 +114.9%
46 HTHT 0.34% 576,907 $23M $39.15 $3M
47 VTMX 0.32% 768,515 $22M $28.27 $685K
48 KSPI 0.31% 250,587 $20M $81.69 $5M +66,557 +36.2%
49 SNPS 0.30% 40,964 $20M $492.77 -$69M -132,070 -76.3%
50 EDU 0.29% 363,289 $19M $53.10 $5M +97,956 +36.9%
51 LULU 0.28% 106,000 $19M $177.93 $2M +37,000 +53.6%
52 FCX 0.28% 474,662 $19M $39.22 +474,662 NEW
53 CRS 0.25% 69,000 $17M $245.54 -$636K +5,400 +8.5%
54 HD 0.24% 39,671 $16M $405.41 -$547K -5,657 -12.5%
55 MRUS 0.24% 167,532 $16M $94.10 $4M -47,190 -22.0%
56 TGI 0.22% 139,896 $15M $106.71 $13M +50,078 +55.8%
57 OC 0.18% 85,000 $12M $141.46 +85,000 NEW
58 TAP 0.18% 265,000 $12M $45.25 -$17M -334,000 -55.8%
59 FYBR 0.16% 290,833 $11M $37.35 $276K
60 BNTX 0.16% 106,549 $10M $98.53 -$8M -69,802 -39.6%
61 CTLP 0.15% 977,158 $10M $10.57 $7M +650,692 +199.3%
62 SAP 0.15% 37,500 $10M $267.21 +37,500 NEW
63 K 0.14% 117,086 $10M $82.02 +117,086 NEW
64 HBI 0.14% 1,452,361 $10M $6.59 +1,452,361 NEW
65 GTLS 0.14% 46,274 $9M $200.15 +46,274 NEW
66 INTU 0.14% 13,502 $9M $684.45 -$1M +460 +3.5%
67 INFA 0.14% 368,908 $9M $24.84 $4M +174,236 +89.5%
68 DHR 0.13% 44,359 $9M $196.63 -$6M -31,696 -41.7%
69 MRC 0.12% 551,126 $8M $14.42 $7M +467,718 +560.8%
70 AMWD 0.12% 115,255 $8M $66.76 +115,255 NEW
71 AGI 0.11% 216,578 $8M $34.86 $3M +59,035 +37.5%
72 SHCO 0.10% 741,722 $7M $8.85 +741,722 NEW
73 AAPL 0.09% 22,394 $6M $254.63 -$82K -5,796 -20.6%
74 FNV 0.08% 25,135 $6M $222.91 $2M +5,585 +28.6%
75 EA 0.08% 26,843 $5M $201.70 +26,843 NEW
76 KLAC 0.08% 5,000 $5M $1,078.60 -$34M -39,100 -88.7%
77 PRA 0.08% 217,263 $5M $23.99 $3M +117,504 +117.8%
78 VMEO 0.07% 607,609 $5M $7.75 +607,609 NEW
79 VNET 0.06% 395,449 $4M $10.33 $2M +103,997 +35.7%
80 COST 0.06% 4,245 $4M $925.63 -$1M -755 -15.1%
81 AVDX 0.06% 375,768 $4M $9.95 $2M +160,950 +74.9%
82 GHLD 0.05% 182,235 $4M $19.94 $1M +62,629 +52.4%
83 V 0.05% 10,552 $4M $341.38 -$811K -1,877 -15.1%
84 ESGR 0.05% 35,000 $4M $100.09 -$6M +6,411 +22.4%
85 CSCO 0.05% 49,614 $3M $68.42 -$2M -31,754 -39.0%
86 SAND 0.05% 270,957 $3M $12.52 +270,957 NEW
87 TSM 0.05% 12,122 $3M $279.29 $492K -653 -5.1%
88 JPM 0.04% 9,371 $3M $315.43 -$250K -1,686 -15.2%
89 TEAM 0.04% 18,000 $3M $159.70 +18,000 NEW
90 SPOT 0.04% 3,890 $3M $698.00 $2M +3,282 +539.8%
91 IAS 0.04% 266,001 $3M $10.17 +266,001 NEW
92 TRML 0.04% 55,412 $3M $47.83 +55,412 NEW
93 PRO 0.04% 115,061 $3M $22.91 +115,061 NEW
94 CIO 0.04% 375,233 $3M $6.96 +375,233 NEW
95 TGNA 0.04% 123,716 $3M $20.33 +123,716 NEW
96 HLT 0.04% 9,603 $2M $259.44 -$521K -1,708 -15.1%
97 MAR 0.04% 9,530 $2M $260.44 -$585K -1,695 -15.1%
98 SHW 0.04% 6,964 $2M $346.26 -$209K -668 -8.8%
99 TME 0.03% 100,177 $2M $23.34 -$337K -37,092 -27.0%
100 TASK 0.03% 121,507 $2M $17.85 -$706K -50,000 -29.1%

New Positions

SymbolValue% Port
SLB $197M 2.95%
MA $158M 2.37%
CL $31M 0.47%
GTLB $30M 0.45%
FCX $19M 0.28%
OC $12M 0.18%
SAP $10M 0.15%
K $10M 0.14%
HBI $10M 0.14%
GTLS $9M 0.14%
AMWD $8M 0.12%
SHCO $7M 0.10%
EA $5M 0.08%
VMEO $5M 0.07%
SAND $3M 0.05%

Sold Out Positions

SymbolValue% Port
VEEV —%
GE —%
KT —%
SYK —%
PH —%
VRT —%
TUYA —%
IBKR —%
DDOG —%
ISRG —%
ADBE —%
RNW —%
GGAL —%
ETWO —%
JNPR —%
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