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Livermore
Livermore
ZHEN

Carmignac Gestion

SEC CIK
0001569758
Latest filing
Aug 13, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 13, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
122
−30 vs. Q1 2025
Portfolio value
$6.50B
+$408.0M (+6.7%) vs. Q1 2025
Filed
Aug 13, 2025
SEC
Holdings of Carmignac Gestion in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
NVDANVIDIA CorpStock3,733,985$589.9M9.1%−236,425−6.0%ReducedHistory
AMZNAmazon Com IncStock2,165,476$475.2M7.3%−712,751−24.8%ReducedHistory
GOOGLAlphabet Inc.Stock2,625,815$462.8M7.1%+960,753+57.7%AddedHistory
MELIMercadolibre IncCOM136,441$356.5M5.5%+18,203+15.4%AddedHistory
MCKMcKesson CorpStock390,112$285.9M4.4%−75,764−16.3%ReducedHistory
CORCencora, Inc.Stock922,491$276.6M4.3%−180,988−16.4%ReducedHistory
SPGIS&P Global Inc.Stock467,109$246.2M3.8%+130,798+38.9%AddedHistory
MSFTMicrosoft CorpStock488,624$243.0M3.7%−35,999−6.9%ReducedHistory
AVGOBroadcom Inc.Stock833,124$229.7M3.5%+9,440+1.1%AddedHistory
ICEIntercontinental Exchange, Inc.Stock1,068,406$196.0M3.0%+48,296+4.7%AddedHistory
APHAmphenol CorpCL A1,946,500$192.2M3.0%−124,500−6.0%ReducedHistory
TMOThermo Fisher Scientific Inc.Stock391,279$158.7M2.4%+202,107+106.8%AddedHistory
METAMeta Platforms, Inc.Stock206,490$152.4M2.3%+53,625+35.1%AddedHistory
EFXEquifax IncCOM581,098$150.7M2.3%−37,393−6.0%ReducedHistory
VIPSVipshop Holdings LtdSPONSORED ADS A9,510,664$143.2M2.2%+550,843+6.1%AddedHistory
XYZBlock, Inc.CL A2,054,026$139.5M2.1%−163,500−7.4%ReducedHistory
ETNEaton Corp plcStock381,000$136.0M2.1%−221,544−36.8%ReducedHistory
NOWServiceNow, Inc.Stock123,415$126.9M2.0%+19,714+19.0%AddedHistory
CNCCentene CorpStock2,150,428$116.7M1.8%−2,345,500−52.2%ReducedHistory
CDNSCadence Design Systems IncStock354,026$109.1M1.7%−70,797−16.7%ReducedHistory
ANETArista Networks, Inc.Stock1,009,500$103.3M1.6%+796,800+374.6%AddedHistory
VRTXVertex Pharmaceuticals IncStock227,296$101.2M1.6%+100,342+79.0%AddedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD14,046,110$95.4M1.5%−1,845,630−11.6%ReducedHistory
SNPSSynopsys IncCOM173,034$88.7M1.4%−329,739−65.6%ReducedHistory
TWTradeweb Markets Inc.Stock572,900$83.9M1.3%+241,900+73.1%AddedHistory
LLYEli Lilly & CoStock101,326$79.0M1.2%+3,414+3.5%AddedHistory
FIXComfort Systems USA IncCOM130,699$70.1M1.1%−3,575−2.7%ReducedHistory
CRMSalesforce, Inc.Stock238,050$64.9M1.0%+229,258+2,607.6%AddedHistory
ORLYO Reilly Automotive IncStock636,340$57.4M0.9%−93,200−12.8%ReducedConverted for a 15-for-1 splitHistory
GEGeneral Electric CoStock205,825$53.0M0.8%−153,500−42.7%ReducedHistory
ABNBAirbnb, Inc.Stock390,970$51.7M0.8%+390,970NewHistory
CLSCelestica IncStock325,500$50.8M0.8%+54,000+19.9%AddedHistory
LINLinde PLCStock105,194$49.4M0.8%−37,439−26.2%ReducedHistory
SESea LtdSPONSORD ADS283,455$45.3M0.7%+10,810+4.0%AddedHistory
KLACKLA CorpCOM NEW44,100$39.5M0.6%+16,500+59.8%AddedHistory
NEMNEWMONT CorpStock620,651$36.2M0.6%+145,788+30.7%AddedHistory
KEYSKeysight Technologies, Inc.Stock219,000$35.9M0.6%+106,000+93.8%AddedHistory
PHParker-Hannifin CorpStock45,009$31.4M0.5%−138,400−75.5%ReducedHistory
AEMAgnico Eagle Mines LtdStock257,718$30.7M0.5%−83,829−24.5%ReducedHistory
TAPMolson Coors Beverage CoCL B599,000$28.8M0.4%+221,538+58.7%AddedHistory
PGProcter & Gamble CoStock174,852$27.9M0.4%−26,561−13.2%ReducedHistory
DOCSDoximity, Inc.CL A415,228$25.5M0.4%+45,228+12.2%AddedHistory
LNTHLantheus Holdings, Inc.Stock297,000$24.3M0.4%+106,500+55.9%AddedHistory
VTMXVesta Real Estate Corporation, S.A.B. de C.V.ADS768,515$21.0M0.3%+31,085+4.2%AddedHistory
HTHTH World Group LtdSPONSORED ADS576,907$19.6M0.3%+6,089+1.1%AddedHistory
BNTXBioNTech SESPONSORED ADS176,351$18.8M0.3%−9,526−5.1%ReducedHistory
CRSCarpenter Technology CorpCOM63,600$17.6M0.3%−45,452−41.7%ReducedHistory
HDHome Depot, Inc.Stock45,328$16.6M0.3%+6,224+15.9%AddedHistory
LULUlululemon athletica inc.Stock69,000$16.4M0.3%−12,000−14.8%ReducedHistory
KSPIJoint Stock Co Kaspi.kzSPONSORED ADS184,030$15.6M0.2%+16,976+10.2%AddedHistory
DHRDanaher CorpStock76,055$15.0M0.2%−17,315−18.5%ReducedHistory
EDUNew Oriental Education & Technology Group Inc.SPON ADR265,333$14.3M0.2%−34,917−11.6%ReducedHistory
ORCLOracle CorpStock55,808$12.1M0.2%−220−0.4%ReducedHistory
ANSSAnsys IncCOM32,796$11.5M0.2%−48,928−59.9%ReducedHistory
MRUSMerus N.V.COM214,722$11.3M0.2%+93,561+77.2%AddedHistory
DNBDun & Bradstreet Holdings, Inc.COM1,205,784$11.0M0.2%+891,318+283.4%AddedHistory
FYBRFrontier Communications Parent, Inc.COM290,833$10.6M0.2%+256,332+743.0%AddedHistory
INTUIntuit Inc.Stock13,042$10.3M0.2%+906+7.5%AddedHistory
ALGNAlign Technology IncCOM52,453$9.92M0.2%−4,321−7.6%ReducedHistory
ESGREnstar Group LTDSHS28,589$9.62M0.1%+24,027+526.7%AddedHistory
CHXChampionX CorpCOM378,880$9.41M0.1%−15,553−3.9%ReducedHistory
GLGlobe Life Inc.COM74,000$9.20M0.1%−16,000−17.8%ReducedHistory
ACNAccenture plcStock30,366$9.06M0.1%+2,830+10.3%AddedHistory
ADBEAdobe Inc.Stock20,062$7.76M0.1%+9,434+88.8%AddedHistory
SYKStryker CorpStock19,556$7.73M0.1%−12,113−38.2%ReducedHistory
Faro Technologies Inc311642AB8NOTE 5.500% 2/0171,287$7.52M0.1%+171,287New–
BPMCBlueprint Medicines CorpCOM54,676$7.01M0.1%+54,676NewHistory
SWTXSpringWorks Therapeutics, Inc.COM148,806$6.99M0.1%+148,806NewHistory
ISRGIntuitive Surgical IncCOM NEW12,103$6.56M0.1%−17,767−59.5%ReducedHistory
AAPLApple Inc.Stock28,190$5.78M0.1%+13,476+91.6%AddedHistory
CSCOCisco Systems, Inc.Stock81,368$5.65M0.1%00.0%UnchangedHistory
TUYATuya Inc.SPONSERED ADS2,180,501$5.04M0.1%−857,743−28.2%ReducedHistory
COSTCostco Wholesale CorpStock5,000$4.95M0.1%00.0%UnchangedHistory
WBAWalgreens Boots Alliance, Inc.COM414,681$4.76M0.1%+414,681NewHistory
INFAInformatica Inc.COM CL A194,672$4.74M0.1%+194,672NewHistory
ETWOE2open Parent Holdings, Inc.COM CL A1,441,686$4.66M0.1%+1,441,686NewHistory
RDUSRadius Recycling, Inc.CL A156,757$4.65M0.1%+156,757NewHistory
Global Blue Group Holding AGH33700107ORD SHS603,472$4.51M0.1%−35,562−5.6%Reduced–
VVisa Inc.Stock12,429$4.41M0.1%00.0%UnchangedHistory
AGIAlamos Gold IncStock157,543$4.18M0.1%+157,543NewHistory
GGALGrupo Financiero Galicia SASPONSORED ADR77,070$3.89M0.1%−61,962−44.6%ReducedHistory
CTLPCantaloupe, Inc.COM326,466$3.59M0.1%+326,466NewHistory
IPGInterpublic Group of Companies, Inc.COM141,766$3.47M0.1%+141,766NewHistory
JNPRJuniper Networks IncCOM83,454$3.33M0.1%−4,546−5.2%ReducedHistory
JPMJPMorgan Chase & CoStock11,057$3.21M<0.1%−2,317−17.3%ReducedHistory
FNVFranco Nevada CorpStock19,550$3.20M<0.1%00.0%UnchangedHistory
MARMarriott International IncStock11,225$3.07M<0.1%−975−8.0%ReducedHistory
HLTHilton Worldwide Holdings Inc.COM11,311$3.01M<0.1%−1,052−8.5%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR12,775$2.89M<0.1%−216,098−94.4%ReducedHistory
TASKTaskUs, Inc.CLASS A COM171,507$2.87M<0.1%+86,507+101.8%AddedHistory
TMETencent Music Entertainment GroupSPON ADS137,269$2.68M<0.1%+25,667+23.0%AddedHistory
SHWSherwin Williams CoCOM7,632$2.62M<0.1%−12−0.2%ReducedHistory
GHLDGuild Holdings CoCL A119,606$2.36M<0.1%+119,606NewHistory
ALABAstera Labs, Inc.Stock26,000$2.35M<0.1%+14,000+116.7%AddedHistory
TGITriumph Group IncCOM89,818$2.31M<0.1%+24,720+38.0%AddedHistory
PRAProassurance CorpCOM99,759$2.28M<0.1%+22,363+28.9%AddedHistory
SKXSkechers USA IncCL A33,786$2.13M<0.1%−326,214−90.6%ReducedHistory
AVDXAvidXchange Holdings, Inc.COM214,818$2.10M<0.1%+214,818NewHistory
VNETVNET Group, Inc.SPONSORED ADS A291,452$2.01M<0.1%+119,976+70.0%AddedHistory
VIGLVigil Neuroscience, Inc.COM241,755$1.92M<0.1%+241,755NewHistory

Options (7)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Carmignac Gestion in Q2 2025
SecurityClassPutsCalls
NKENIKE, Inc.Stock–$44.9K
RBLXRoblox CorpStock–$5.90K
MAMastercard IncStock–$3.77K
NVDANVIDIA CorpStock–$3.25K
GOOGLAlphabet Inc.Stock–$2.01K
ACHRArcher Aviation Inc.Stock–$1.03K
UNHUnitedHealth Group IncStock–$686

Sold out since Q1 2025 (52)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of Carmignac Gestion sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
SLBSLB LimitedStock4,605,000$192.5M3.2%History
MAMastercard IncStock111,981$61.4M1.0%History
CLColgate Palmolive CoStock367,042$34.3M0.6%History
JDJD.com, Inc.SPON ADS CL A463,364$19.1M0.3%History
PTVEPactiv Evergreen Inc.COM430,373$7.75M0.1%History
KKellanovaStock91,934$7.58M0.1%History
PLYAPlaya Hotels & Resorts N.V.SHS563,168$7.51M0.1%History
WMWaste Management IncStock28,164$6.52M0.1%History
ADSKAutodesk, Inc.COM22,191$5.81M0.1%History
ITCIIntra-Cellular Therapies, Inc.COM38,819$5.12M0.1%History
DFSDiscover Financial ServicesCOM28,457$4.86M0.1%History
Despegar Com CorpG27358103ORD SHS234,586$4.41M0.1%–
ADIAnalog Devices IncStock20,792$4.19M0.1%History
CCJCameco CorpStock88,933$3.66M0.1%History
BECNQxo Building Products, Inc.COM28,633$3.54M0.1%History
HEESH&E Equipment Services, Inc.COM35,923$3.41M0.1%History
PDCOPatterson Companies, Inc.COM106,772$3.34M0.1%History
PYCRPaycor HCM, Inc.COM147,693$3.31M0.1%History
NEENextera Energy IncStock46,138$3.27M0.1%History
AMPSAltus Power, Inc.COM CL A600,440$2.97M<0.1%History
ECLEcolab Inc.Stock10,656$2.70M<0.1%History
DQDaqo New Energy Corp.SPNSRD ADS NEW122,514$2.22M<0.1%History
BERYBerry Global Group, Inc.COM27,800$1.94M<0.1%History
NVTnVent Electric plcSHS37,002$1.94M<0.1%History
RSGRepublic Services, Inc.COM7,761$1.88M<0.1%History
AMATApplied Materials IncStock12,530$1.82M<0.1%History
JWNNordstrom IncStock70,190$1.72M<0.1%History
ACCDAccolade, Inc.COM238,864$1.67M<0.1%History
LGTYLogility Supply Chain Solutions, IncCL A115,999$1.65M<0.1%History
VLTOVeralto CorpStock15,644$1.52M<0.1%History
FERGFerguson Enterprises Inc.COMMON STOCK NEW8,684$1.39M<0.1%History
HESHess CorpStock8,379$1.34M<0.1%History
AMDAdvanced Micro Devices IncStock11,975$1.23M<0.1%History
MTZMastec IncCOM8,960$1.05M<0.1%History
DARDarling Ingredients Inc.COM30,917$965.8K<0.1%History
TALTAL Education GroupSPONSORED ADS58,527$773.1K<0.1%History
BABAAlibaba Group Holding LtdADR4,933$652.3K<0.1%History
PANWPalo Alto Networks IncStock3,000$511.9K<0.1%History
ELVElevance Health, Inc.Stock1,176$511.5K<0.1%History
SNNRFSunrise Communications AGADS CL A9,420$454.9K<0.1%History
HXLHexcel CorpCOM7,804$427.3K<0.1%History
TBBBBBB Foods IncCL A COM15,000$400.2K<0.1%History
NOVNOV Inc.COM25,000$380.5K<0.1%History
ALBAlbemarle CorpStock3,999$288.0K<0.1%History
SNOWSnowflake Inc.Stock1,500$219.2K<0.1%History
ATSGAir Transport Services Group, Inc.COM6,729$151.0K<0.1%History
SEDGSolaredge Technologies, Inc.COM5,975$96.7K<0.1%History
PLUGPlug Power IncStock67,284$90.8K<0.1%History
INODInnodata IncCOM NEW2,500$89.8K<0.1%History
TPICQTpi Composites, IncCOM87,311$70.4K<0.1%History
RUNSunrun Inc.COM11,626$68.1K<0.1%History
NOVASunnova Energy International Inc.COM41,999$15.6K<0.1%History