Carmignac Gestion
Reported holdings as of Q2 2026, from 30 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $959.4M | 4,795,726 | +3.28pp | 28q | +31.9%+$232.2M | |
| BROADCOM INC | AVGO | $511.5M | 1,354,155 | +5.99pp | 8q | +873.7%+$459.0M | |
| CENCORA INC | COR | $494.5M | 1,747,363 | +2.42pp | 8q | +99.7%+$246.8M | |
| MCKESSON CORP | MCK | $473.7M | 626,904 | +2.17pp | 7q | +74.9%+$202.8M | |
| ALPHABET INC | GOOGL | $412.5M | 1,154,334 | -0.35pp | 30q | -14.3%-$68.9M | |
| TRADEWEB MKTS INC | TW | $386.4M | 3,876,800 | +1.79pp | 16q | +75.1%+$165.7M | |
| MASTERCARD INCORPORATED | MA | $376.2M | 732,598 | +2.57pp | 30q | +144.5%+$222.4M | |
| S&P GLOBAL INC | SPGI | $374.3M | 919,140 | -1.26pp | 17q | +6.3%+$22.1M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $352.5M | 704,407 | - | new | NEW | |
| MERCADOLIBRE INC | MELI | $322.6M | 190,098 | +0.34pp | 30q | +34.5%+$82.7M | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $254.9M | 2,070,226 | +0.29pp | 30q | +50.5%+$85.5M | |
| MICROSOFT CORP | MSFT | $231.9M | 621,773 | -3.93pp | 29q | -41.4%-$163.9M | |
| AMAZON COM INC | AMZN | $200.5M | 841,266 | -2.32pp | 26q | -46.7%-$175.5M | |
| AMPHENOL CORP | APH | $171.0M | 969,763 | +0.04pp | 7q | -18.8%-$39.6M | |
| LANTHEUS HLDGS INC | LNTH | $148.7M | 1,340,100 | +0.92pp | 8q | +19.4%+$24.2M | |
| ATLASSIAN CORPORATION | TEAM | $122.7M | 1,577,000 | -1.05pp | 3q | +30.7%+$28.8M | |
| REGENERON PHARMACEUTICALS | REGN | $113.8M | 182,507 | +0.96pp | 2q | +265.2%+$82.7M | |
| ZOETIS INC | ZTS | $113.2M | 1,575,700 | - | new | NEW | |
| EQUIFAX INC | EFX | $112.8M | 710,685 | -0.74pp | 7q | -5.2%-$6.2M | |
| PARKER-HANNIFIN CORP | PH | $101.0M | 103,265 | - | new | NEW | |
| ITAU UNIBANCO HLDG S A | ITUB | $99.8M | 12,219,314 | +0.60pp | 10q | +70.8%+$41.4M | |
| BLOCK INC | XYZ | $97.8M | 1,287,026 | -1.74pp | 14q | -62.3%-$161.9M | |
| AIRBNB INC | ABNB | $94.0M | 656,570 | +0.36pp | 4q | +40.2%+$26.9M | |
| VERTEX PHARMACEUTICALS INC | VRTX | $81.0M | 163,045 | -0.12pp | 8q | -14.9%-$14.2M | |
| CELESTICA INC | CLS | $70.5M | 193,200 | - | new | NEW | |
| VIPSHOP HLDGS LTD | VIPS | $65.2M | 4,920,324 | -0.15pp | 12q | +18.2%+$10.1M | |
| SEA LTD | SE | $62.3M | 651,818 | -0.08pp | 28q | +26.2%+$13.0M | |
| META PLATFORMS INC | META | $58.3M | 103,560 | +0.36pp | 16q | +133.6%+$33.4M | |
| ALIGN TECHNOLOGY INC | ALGN | $53.5M | 316,832 | +0.17pp | 17q | +28.7%+$11.9M | |
| DOXIMITY INC | DOCS | $48.9M | 2,355,900 | -0.50pp | 8q | +24.5%+$9.6M | |
| GITLAB INC | GTLB | $45.1M | 1,475,612 | -0.08pp | 3q | +12.6%+$5.1M | |
| SLB LIMITED | SLB | $39.3M | 846,192 | -1.91pp | 3q | -81.9%-$177.7M | |
| VNET GROUP INC | VNET | $38.1M | 4,760,599 | +0.45pp | 5q | +1106.4%+$35.0M | |
| SERVICENOW INC | NOW | $36.9M | 371,803 | -3.12pp | 16q | -78.6%-$135.3M | |
| NEUROCRINE BIOSCIENCES INC | NBIX | $36.1M | 214,100 | +0.35pp | 2q | +236.6%+$25.4M | |
| ROYALTY PHARMA PLC | RPRX | $35.4M | 630,700 | - | new | NEW | |
| SPROUTS FMRS MKT INC | SFM | $31.7M | 375,200 | -0.16pp | 2q | -29.2%-$13.1M | |
| SPACE EXPLORATION TECHN CORP | SPCX | $28.8M | 168,723 | - | new | NEW | |
| VESTA REAL ESTATE CORP | VTMX | $28.5M | 829,302 | +0.04pp | 11q | +4.2%+$1.1M | |
| BBB FOODS INC | TBBB | $27.9M | 670,106 | - | new | NEW | |
| IONIS PHARMACEUTICALS INC | IONS | $25.5M | 321,000 | - | new | NEW | |
| TENCENT MUSIC ENTMT GROUP | TME | $24.3M | 2,903,426 | +0.29pp | 10q | +2657.0%+$23.4M | |
| KASPI KZ JSC | KSPI | $19.6M | 226,666 | +0.01pp | 8q | -1.0%-$199.7K | |
| GLOBE LIFE INC | GL | $19.1M | 107,100 | -0.25pp | 6q | -59.6%-$28.2M | |
| COLGATE PALMOLIVE CO | CL | $18.3M | 199,143 | -1.00pp | 3q | -82.7%-$87.7M | |
| AGNICO EAGLE MINES LTD | AEM | $17.6M | 113,584 | -0.39pp | 30q | -57.7%-$24.0M | |
| FRANCO NEV CORP | FNV | $17.5M | 83,723 | -0.41pp | 5q | -62.9%-$29.6M | |
| CHART INDS INC | GTLS | $17.3M | 82,944 | +0.07pp | 3q | +48.5%+$5.7M | |
| WEBSTER FINL CORP | WBS | $17.0M | 222,221 | - | new | NEW | |
| NEW ORIENTAL ED & TECHNOLOGY | EDU | $16.9M | 368,392 | -0.06pp | 15q | HELD | |
| ARISTA NETWORKS INC | ANET | $12.3M | 72,457 | -1.78pp | 6q | -93.4%-$173.0M | |
| PROCTER & GAMBLE CO | PG | $11.3M | 76,813 | -0.53pp | 18q | -77.8%-$39.7M | |
| ELECTRONIC ARTS INC | EA | $10.0M | 48,934 | +0.05pp | 3q | +70.3%+$4.1M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $10.0M | 20,956 | +0.12pp | 30q | +897.9%+$9.0M | |
| HOME DEPOT INC | HD | $9.3M | 26,374 | -0.08pp | 15q | -37.3%-$5.5M | |
| CHURCH & DWIGHT CO INC | CHD | $8.8M | 90,997 | - | new | NEW | |
| SILICON LABORATORIES INC | SLAB | $8.8M | 40,340 | - | new | NEW | |
| LIVERAMP HLDGS INC | RAMP | $8.8M | 234,126 | - | new | NEW | |
| BIO-TECHNE CORP | TECH | $8.8M | 124,530 | - | new | NEW | |
| KENVUE INC | KVUE | $8.0M | 420,432 | +0.07pp | 2q | +166.8%+$5.0M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $7.9M | 15,727 | -1.00pp | 28q | -88.8%-$62.5M | |
| BIONTECH SE | BNTX | $7.4M | 79,875 | -0.09pp | 8q | -44.6%-$6.0M | |
| WARNER BROS DISCOVERY INC | WBD | $7.4M | 276,857 | +0.02pp | 2q | +48.9%+$2.4M | |
| JANUS HENDERSON GROUP PLC | JHG | $7.1M | 137,300 | +0.04pp | 2q | +57.3%+$2.6M | |
| ORGANON & CO | OGN | $6.1M | 448,606 | - | new | NEW | |
| APOGEE THERAPEUTICS INC | APGE | $5.9M | 44,475 | - | new | NEW | |
| NUVALENT INC | NUVL | $5.9M | 47,657 | - | new | NEW | |
| DIGITALBRIDGE GROUP INC | DBRG | $5.8M | 369,415 | - | new | NEW | |
| ESPERION THERAPEUTICS INC NE | ESPR | $5.2M | 1,659,399 | - | new | NEW | |
| LEGGETT & PLATT INC | LEG | $4.8M | 410,119 | - | new | NEW | |
| PAYONEER GLOBAL INC | PAYO | $3.0M | 426,354 | - | new | NEW | |
| CAESARS ENTERTAINMENT INC NE | CZR | $3.0M | 100,508 | - | new | NEW | |
| CATALYST PHARMACEUTICALS INC | CPRX | $3.0M | 95,603 | - | new | NEW | |
| OPEN LENDING CORP | LPRO | $3.0M | 960,179 | - | new | NEW | |
| GLOBAL BUSINESS TRAVEL GROUP | GBTG | $3.0M | 316,463 | - | new | NEW | |
| TALKSPACE INC | TALK | $2.9M | 556,771 | - | new | NEW | |
| SELECT MED HLDGS CORP | SEM | $2.9M | 174,516 | - | new | NEW | |
| TXNM ENERGY INC | TXNM | $2.7M | 47,000 | flat | 2q | HELD | |
| OLAPLEX HLDGS INC | OLPX | $2.6M | 1,252,648 | - | new | NEW | |
| AVANOS MED INC | AVNS | $2.2M | 89,418 | - | new | NEW | |
| MAKEMYTRIP LIMITED MAURITIUS | MMYT | $2.2M | 40,452 | flat | 2q | +83.9%+$983.7K | |
| INTERNATIONAL MONEY EXPRESS | IMXI | $2.0M | 138,650 | +0.02pp | 3q | +202.7%+$1.3M | |
| CRH PLC | CRH | $1.8M | 17,183 | - | new | NEW | |
| QFIN HOLDINGS INC | QFIN | $617.9K | 39,081 | flat | 3q | HELD | |
| VISA INC | V | $590.5K | 1,721 | -0.04pp | 20q | -83.7%-$3.0M | |
| DYNEX CAP INC | DX | $587.9K | 44,846 | - | new | NEW | |
| AGNC INVT CORP | AGNC | $544.2K | 49,928 | - | new | NEW | |
| ANNALY CAPITAL MANAGEMENT IN | NLY | $528.0K | 23,612 | - | new | NEW | |
| BRISTOL-MYERS SQUIBB CO | BMY | $519.4K | 9,014 | - | new | NEW | |
| EHANG HLDGS LTD | EH | $504.3K | 76,985 | -0.01pp | 21q | HELD | |
| GLOBALFOUNDRIES INC | GFS | $471.3K | 5,719 | - | new | NEW | |
| PFIZER INC | PFE | $469.0K | 19,475 | - | new | NEW | |
| APPLIED MATLS INC | AMAT | $167.7K | 232 | - | new | NEW | |
| CLEAR CHANNEL OUTDOOR HLDGS | CCO | $141.5K | 58,471 | - | new | NEW | |
| BOSTON SCIENTIFIC CORP | BSX | $0 | 0 | - | new | NEW | |
| JPMORGAN CHASE & CO | JPM | $0 | 0 | - | new | NEW | |
| MICROSOFT CORP | MSFT | $0 | 0 | - | new | NEW | |
| NETFLIX INC | NFLX | $0 | 0 | -0.51pp | 2q | -100.0% | |
| ANGLOGOLD ASHANTI PLC | AU | $0 | 0 | - | new | NEW | |
| BITDEER TECHNOLOGIES GROUP | BTDR | $0 | 0 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $1.7B | 22.5% |
| Business Services | $1.4B | 18.0% |
| Software & IT Services | $1.1B | 14.4% |
| Wholesale & Distribution | $968.1M | 12.6% |
| Capital Markets | $647.1M | 8.4% |
| Biotech & Pharma | $582.8M | 7.6% |
| Insurance | $371.6M | 4.8% |
| Retail & Consumer | $334.6M | 4.3% |
| Banks & Lending | $120.4M | 1.6% |
| Other sectors | $375.1M | 4.9% |
| Not classified | $75.1M | 1.0% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $7.7B | 100 | 42 | 32 | 22 | 61 | 60.5% | 44 |
| Q4 2025 | $7.4B | 119 | 38 | 43 | 22 | 49 | 51.9% | 44 |
| Q3 2025 | $6.7B | 130 | 34 | 35 | 48 | 31 | 51.6% | 44 |
| Q2 2025 | $6.5B | 127 | 26 | 43 | 47 | 51 | 51.7% | 44 |
| Q1 2025 | $6.1B | 152 | 29 | 38 | 62 | 26 | 48.7% | 44 |
| Q4 2024 | $6.3B | 149 | 25 | 48 | 54 | 43 | 49.0% | 44 |
| Q3 2024 | $6.0B | 167 | 30 | 48 | 60 | 21 | 47.2% | 44 |
| Q2 2024 | $5.8B | 158 | 39 | 42 | 50 | 22 | 53.0% | 44 |
| Q1 2024 | $6.3B | 141 | 24 | 42 | 56 | 27 | 51.9% | 44 |
| Q4 2023 | $6.0B | 144 | 26 | 54 | 46 | 26 | 50.7% | 44 |
| Q3 2023 | $5.4B | 144 | 28 | 43 | 53 | 42 | 52.3% | 60 |
| Q2 2023 | $5.8B | 158 | 45 | 41 | 48 | 21 | 48.2% | 42 |
| Q1 2023 | $6.0B | 134 | 17 | 62 | 45 | 18 | 42.1% | 42 |
| Q4 2022 | $5.5B | 135 | 27 | 59 | 32 | 19 | 44.5% | 44 |
| Q3 2022 | $4.7B | 127 | 24 | 42 | 52 | 15 | 49.3% | 41 |
| Q2 2022 | $4.7B | 118 | 21 | 31 | 49 | 16 | 50.3% | 43 |
| Q1 2022 | $6.2B | 113 | 17 | 34 | 47 | 26 | 49.7% | 43 |
| Q4 2021 | $7.1B | 122 | 21 | 45 | 39 | 17 | 51.3% | 42 |
| Q3 2021 | $8.0B | 118 | 15 | 52 | 28 | 23 | 46.3% | 43 |
| Q2 2021 | $8.6B | 126 | 22 | 53 | 41 | 25 | 46.6% | 44 |
| Q1 2021 | $8.7B | 129 | 23 | 54 | 39 | 32 | 42.4% | 44 |
| Q4 2020 | $9.6B | 138 | 25 | 44 | 48 | 18 | 39.4% | 43 |
| Q3 2020 | $8.5B | 131 | 26 | 44 | 38 | 17 | 40.6% | 44 |
| Q2 2020 | $7.2B | 122 | 30 | 44 | 41 | 36 | 44.5% | 44 |
| Q1 2020 | $5.9B | 128 | 20 | 45 | 47 | 17 | 43.4% | 44 |
| Q4 2019 | $7.5B | 125 | 14 | 47 | 44 | 19 | 44.5% | 44 |
| Q3 2019 | $7.9B | 130 | 17 | 45 | 46 | 11 | 41.3% | 44 |
| Q2 2019 | $8.0B | 124 | 44 | 19 | 48 | 17 | 43.6% | 44 |
| Q1 2019 | $8.6B | 97 | 24 | 25 | 37 | 10 | 41.2% | 44 |
| Q4 2018 | $6.6B | 83 | 0 | 0 | 0 | 0 | 44.8% | 46 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.