Carmignac Gestion

Q2 2025 13F-HR Holdings

Location
Paris, I0
Holdings as of
6/30/2025
Date filed
8/13/2025
Form type
13F-HR
Num holdings
129
Total value ($000)
$6,498,187
Net value change ($000)
+408,012 (6.7%)
New positions
22
Sold out positions
52
Turnover %
8.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/14/2025 Next filing: 11/13/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 205,280 79.7%
NVDA 159,558 37.1%
MELI 125,835 54.5%
AVGO 91,742 66.5%
ANET 86,802 526.7%
SPGI 75,390 44.1%
TMO 64,515 68.5%
META 64,303 73.0%
CRM 62,555 2651.8%
APH 56,380 41.5%
Top Reduces (Value $000, Stocks/ETFs)
SLB -192,489 -100.0%
CNC -156,223 -57.2%
SNPS -126,928 -58.9%
PH -80,048 -71.8%
AMZN -72,507 -13.2%
MA -61,356 -100.0%
TSM -35,100 -92.4%
CL -34,343 -100.0%
COR -30,256 -9.9%
ETN -27,777 -17.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 62 (0.0% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type