Carmignac Gestion

Q4 2025 13F-HR Holdings

Location
Paris, I0
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
124
Total value ($000)
$7,393,778
Net value change ($000)
+683,945 (10.2%)
New positions
38
Sold out positions
45
Turnover %
10.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
MSFT 286,748 126.6%
TEAM 192,726 6703.5%
CRM 149,888 127.9%
ACN 106,853 297.7%
SPGI 101,336 28.9%
TW 98,324 70.3%
NOW 86,726 48.4%
XYZ 83,951 60.6%
CL 59,930 191.8%
DOCS 53,457 176.0%
Top Reduces (Value $000, Stocks/ETFs)
META -168,653 -85.2%
GOOGL -145,572 -25.7%
AMZN -87,917 -19.4%
ETN -81,100 -100.0%
CDNS -73,005 -95.3%
LLY -71,279 -96.5%
VIPS -54,171 -42.4%
LIN -44,552 -100.0%
FIX -39,939 -100.0%
CLS -38,928 -100.0%
Instrument mix + QoQ Δ (ex-options)
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type