Carmignac Gestion portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 13, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Carmignac Gestion reported a $7.7 bn portfolio of 94 positions to the SEC as of the end of Q2 2026. Its largest positions are NVDA, AVGO, COR. During the quarter it exited Salesforce.
Sections with a free account
What changed this quarter
97 positions with a change (25 new, 31 added to, 19 trimmed, 22 sold); also, 1 entered through an IPO, 18 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Broadcom+150%more sharesIncreased2.6% → 6.6%
- McKESSON+97%more sharesIncreased4.2% → 6.1%
- Cencora+59%more sharesIncreased5.3% → 6.4%
- Salesforce−2.4 ppof portfolioSold out2.8% → —
- Mastercard+93%more sharesIncreased2.9% → 4.9%
- Tradeweb Markets+70%more sharesIncreased4.1% → 5.0%
- Microsoft+189%more sharesIncreased1.2% → 3.0%
- Berkshire Hathaway+73%more sharesIncreased3.0% → 4.6%
- Block−60%fewer sharesReduced3.0% → 1.3%
- Amazon.com−40%fewer sharesReduced4.5% → 2.6%
- ServiceNow−75%fewer sharesReduced2.4% → 0.5%
- Intercontinental Exchange+80%more sharesIncreased2.8% → 3.3%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- NVIDIANVDA12.5%
- BroadcomAVGO6.6%
- CencoraCOR6.4%
- McKESSONMCK6.1%
- AlphabetGOOGL5.4%
- Tradeweb MarketsTW5.0%
- MastercardMA4.9%
- S&P GlobalSPGI4.9%
- Berkshire HathawayBRK/B4.6%
- MercadoLibreMELI4.2%
- Intercontinental ExchangeICE3.3%
- MicrosoftMSFT3.0%
- Amazon.comAMZN2.6%
- AmphenolAPH2.2%
- Lantheus HoldingsLNTH1.9%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 30%
- ● Financials 26%
- ● Health Care 21%
- ● Consumer Discretionary 10%
- ● Communication Services 7%
- ● Industrials 4%
- ● Consumer Staples 1%
- ● Materials 1%
- ● Energy 1%
How its portfolio changed (8 quarters)
Q2 2026: 94
Q2 2026: 61%
Q2 2026: 22.5%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
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Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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