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Livermore
Livermore
ZHEN

Carmignac Gestion

SEC CIK
0001569758
Latest filing
Aug 13, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 13, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
126
+4 vs. Q2 2025
Portfolio value
$6.71B
+$211.6M (+3.3%) vs. Q2 2025
Filed
Nov 13, 2025
SEC
Holdings of Carmignac Gestion in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
NVDANVIDIA CorpStock3,448,254$643.3M9.6%−285,731−7.7%ReducedHistory
GOOGLAlphabet Inc.Stock2,333,226$567.2M8.5%−292,589−11.1%ReducedHistory
AMZNAmazon Com IncStock2,058,757$452.1M6.7%−106,719−4.9%ReducedHistory
SPGIS&P Global Inc.Stock720,412$350.7M5.2%+253,303+54.2%AddedHistory
MELIMercadolibre IncCOM132,696$310.3M4.6%−3,745−2.7%ReducedHistory
CORCencora, Inc.Stock875,846$273.7M4.1%−46,645−5.1%ReducedHistory
MCKMcKesson CorpStock314,173$242.7M3.6%−75,939−19.5%ReducedHistory
MSFTMicrosoft CorpStock437,491$226.5M3.4%−51,133−10.5%ReducedHistory
METAMeta Platforms, Inc.Stock269,499$197.9M2.9%+63,009+30.5%AddedHistory
SLBSLB LimitedStock5,746,100$197.5M2.9%+5,746,100NewHistory
ICEIntercontinental Exchange, Inc.Stock1,154,160$194.4M2.9%+85,754+8.0%AddedHistory
NOWServiceNow, Inc.Stock194,515$179.1M2.7%+71,100+57.6%AddedHistory
APHAmphenol CorpCL A1,407,249$166.8M2.5%−539,251−27.7%ReducedHistory
EFXEquifax IncCOM623,317$159.9M2.4%+42,219+7.3%AddedHistory
MAMastercard IncStock278,412$158.4M2.4%+278,412NewHistory
ANETArista Networks, Inc.Stock1,002,700$146.1M2.2%−6,800−0.7%ReducedHistory
TWTradeweb Markets Inc.Stock1,259,800$139.8M2.1%+686,900+119.9%AddedHistory
XYZBlock, Inc.CL A1,916,626$138.5M2.1%−137,400−6.7%ReducedHistory
VIPSVipshop Holdings LtdSPONSORED ADS A6,518,398$127.8M1.9%−2,992,266−31.5%ReducedHistory
TMOThermo Fisher Scientific Inc.Stock246,592$119.5M1.8%−144,687−37.0%ReducedHistory
CRMSalesforce, Inc.Stock494,447$117.2M1.7%+256,397+107.7%AddedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD11,283,185$82.8M1.2%−2,762,925−19.7%ReducedHistory
ETNEaton Corp plcStock216,700$81.1M1.2%−164,300−43.1%ReducedHistory
CDNSCadence Design Systems IncStock218,188$76.6M1.1%−135,838−38.4%ReducedHistory
LLYEli Lilly & CoStock96,847$73.8M1.1%−4,479−4.4%ReducedHistory
VRTXVertex Pharmaceuticals IncStock187,539$73.5M1.1%−39,757−17.5%ReducedHistory
AVGOBroadcom Inc.Stock199,824$65.9M1.0%−633,300−76.0%ReducedHistory
ABNBAirbnb, Inc.Stock468,370$56.9M0.8%+77,400+19.8%AddedHistory
SESea LtdSPONSORD ADS283,455$50.7M0.8%00.0%UnchangedHistory
LINLinde PLCStock93,794$44.6M0.7%−11,400−10.8%ReducedHistory
LNTHLantheus Holdings, Inc.Stock807,409$41.4M0.6%+510,409+171.9%AddedHistory
KEYSKeysight Technologies, Inc.Stock235,100$41.1M0.6%+16,100+7.4%AddedHistory
FIXComfort Systems USA IncCOM48,400$39.9M0.6%−82,299−63.0%ReducedHistory
CLSCelestica IncStock158,000$38.9M0.6%−167,500−51.5%ReducedHistory
ACNAccenture plcStock145,554$35.9M0.5%+115,188+379.3%AddedHistory
AEMAgnico Eagle Mines LtdStock204,026$34.4M0.5%−53,692−20.8%ReducedHistory
ORLYO Reilly Automotive IncStock316,540$34.1M0.5%−319,800−50.3%ReducedHistory
CLColgate Palmolive CoStock390,528$31.2M0.5%+390,528NewHistory
PGProcter & Gamble CoStock200,871$30.9M0.5%+26,019+14.9%AddedHistory
ALGNAlign Technology IncCOM242,908$30.4M0.5%+190,455+363.1%AddedHistory
DOCSDoximity, Inc.CL A415,228$30.4M0.5%00.0%UnchangedHistory
CNCCentene CorpStock848,000$30.3M0.5%−1,302,428−60.6%ReducedHistory
GTLBGitlab Inc.CLASS A COM670,000$30.2M0.5%+670,000NewHistory
NEMNEWMONT CorpStock350,639$29.6M0.4%−270,012−43.5%ReducedHistory
GLGlobe Life Inc.COM159,000$22.7M0.3%+85,000+114.9%AddedHistory
HTHTH World Group LtdSPONSORED ADS576,907$22.6M0.3%00.0%UnchangedHistory
VTMXVesta Real Estate Corporation, S.A.B. de C.V.ADS768,515$21.7M0.3%00.0%UnchangedHistory
KSPIJoint Stock Co Kaspi.kzSPONSORED ADS250,587$20.5M0.3%+66,557+36.2%AddedHistory
SNPSSynopsys IncCOM40,964$20.2M0.3%−132,070−76.3%ReducedHistory
EDUNew Oriental Education & Technology Group Inc.SPON ADR363,289$19.3M0.3%+97,956+36.9%AddedHistory
LULUlululemon athletica inc.Stock106,000$18.9M0.3%+37,000+53.6%AddedHistory
FCXFreeport-McMoran IncStock474,662$18.6M0.3%+474,662NewHistory
CRSCarpenter Technology CorpCOM69,000$16.9M0.3%+5,400+8.5%AddedHistory
HDHome Depot, Inc.Stock39,671$16.1M0.2%−5,657−12.5%ReducedHistory
MRUSMerus N.V.COM167,532$15.8M0.2%−47,190−22.0%ReducedHistory
TGITriumph Group IncCOM139,896$14.9M0.2%+50,078+55.8%AddedHistory
OCOwens CorningStock85,000$12.0M0.2%+85,000NewHistory
TAPMolson Coors Beverage CoCL B265,000$12.0M0.2%−334,000−55.8%ReducedHistory
WNSWNS (Holdings) LtdCOM SHS155,639$11.9M0.2%+145,639+1,456.4%AddedHistory
FYBRFrontier Communications Parent, Inc.COM290,833$10.9M0.2%00.0%UnchangedHistory
BNTXBioNTech SESPONSORED ADS106,549$10.5M0.2%−69,802−39.6%ReducedHistory
CTLPCantaloupe, Inc.COM977,158$10.3M0.2%+650,692+199.3%AddedHistory
SAPSAP SEADR37,500$10.0M0.1%+37,500NewHistory
KKellanovaStock117,086$9.60M0.1%+117,086NewHistory
HBIHanesbrands Inc.COM1,452,361$9.57M0.1%+1,452,361NewHistory
GTLSChart Industries IncCOM46,274$9.26M0.1%+46,274NewHistory
INTUIntuit Inc.Stock13,502$9.24M0.1%+460+3.5%AddedHistory
INFAInformatica Inc.COM CL A368,908$9.16M0.1%+174,236+89.5%AddedHistory
DHRDanaher CorpStock44,359$8.72M0.1%−31,696−41.7%ReducedHistory
MRCMRC Global Inc.COM551,126$7.95M0.1%+467,718+560.8%AddedHistory
AMWDAmerican Woodmark CorpCOM115,255$7.69M0.1%+115,255NewHistory
AGIAlamos Gold IncStock216,578$7.55M0.1%+59,035+37.5%AddedHistory
SHCOSoho House & Co Inc.COM CL A741,722$6.56M0.1%+741,722NewHistory
AAPLApple Inc.Stock22,394$5.70M0.1%−5,796−20.6%ReducedHistory
FNVFranco Nevada CorpStock25,135$5.60M0.1%+5,585+28.6%AddedHistory
EAElectronic Arts Inc.COM26,843$5.41M0.1%+26,843NewHistory
KLACKLA CorpCOM NEW5,000$5.39M0.1%−39,100−88.7%ReducedHistory
LBTYALiberty Global Ltd.COM CL A158,207$5.30M0.1%+158,207NewHistory
PRAProassurance CorpCOM217,263$5.21M0.1%+117,504+117.8%AddedHistory
VMEOVimeo, Inc.COMMON STOCK607,609$4.71M0.1%+607,609NewHistory
VNETVNET Group, Inc.SPONSORED ADS A395,449$4.08M0.1%+103,997+35.7%AddedHistory
COSTCostco Wholesale CorpStock4,245$3.93M0.1%−755−15.1%ReducedHistory
AVDXAvidXchange Holdings, Inc.COM375,768$3.74M0.1%+160,950+74.9%AddedHistory
GHLDGuild Holdings CoCL A182,235$3.63M0.1%+62,629+52.4%AddedHistory
VVisa Inc.Stock10,552$3.60M0.1%−1,877−15.1%ReducedHistory
ESGREnstar Group LTDSHS35,000$3.50M0.1%+6,411+22.4%AddedHistory
CSCOCisco Systems, Inc.Stock49,614$3.39M0.1%−31,754−39.0%ReducedHistory
Sandstorm Gold Ltd Com New80013R206Stock270,957$3.39M0.1%+270,957New–
TSMTaiwan Semiconductor Manufacturing Co LtdADR12,122$3.39M0.1%−653−5.1%ReducedHistory
JPMJPMorgan Chase & CoStock9,371$2.96M<0.1%−1,686−15.2%ReducedHistory
TEAMAtlassian CorpCL A18,000$2.87M<0.1%+18,000NewHistory
SPOTSpotify Technology S.A.Stock3,890$2.72M<0.1%+3,282+539.8%AddedHistory
IASIntegral Ad Science Holding Corp.COM266,001$2.71M<0.1%+266,001NewHistory
TRMLTourmaline Bio, Inc.COM55,412$2.65M<0.1%+55,412NewHistory
PROPROS Holdings, Inc.COM115,061$2.64M<0.1%+115,061NewHistory
CIOCity Office REIT, Inc.COM375,233$2.61M<0.1%+375,233NewHistory
Metals Acquisition CorpG60409110ORD SHS212,545$2.60M<0.1%+212,545New–
TGNATegna IncCOM123,716$2.52M<0.1%+123,716NewHistory
HLTHilton Worldwide Holdings Inc.COM9,603$2.49M<0.1%−1,708−15.1%ReducedHistory
MARMarriott International IncStock9,530$2.48M<0.1%−1,695−15.1%ReducedHistory

Options (6)

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 Q3 2025
SecurityClassPutsCalls
UNHUnitedHealth Group IncStock–$72.5K
UPSUnited Parcel Service IncStock–$30.8K
PTONPeloton Interactive, Inc.CL A COM–$15.9K
AMZNAmazon Com IncStock–$2.63K
NKENIKE, Inc.Stock–$1.39K
RKLBRocket Lab CorpCOM–$1.15K

Sold out since Q2 2025 (29)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Carmignac Gestion sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
GEGeneral Electric CoStock205,825$53.0M0.8%History
PHParker-Hannifin CorpStock45,009$31.4M0.5%History
ANSSAnsys IncCOM32,796$11.5M0.2%History
DNBDun & Bradstreet Holdings, Inc.COM1,205,784$11.0M0.2%History
CHXChampionX CorpCOM378,880$9.41M0.1%History
ADBEAdobe Inc.Stock20,062$7.76M0.1%History
SYKStryker CorpStock19,556$7.73M0.1%History
Faro Technologies Inc311642AB8NOTE 5.500% 2/0171,287$7.52M0.1%–
BPMCBlueprint Medicines CorpCOM54,676$7.01M0.1%History
SWTXSpringWorks Therapeutics, Inc.COM148,806$6.99M0.1%History
ISRGIntuitive Surgical IncCOM NEW12,103$6.56M0.1%History
TUYATuya Inc.SPONSERED ADS2,180,501$5.04M0.1%History
WBAWalgreens Boots Alliance, Inc.COM414,681$4.76M0.1%History
ETWOE2open Parent Holdings, Inc.COM CL A1,441,686$4.66M0.1%History
RDUSRadius Recycling, Inc.CL A156,757$4.65M0.1%History
Global Blue Group Holding AGH33700107ORD SHS603,472$4.51M0.1%–
GGALGrupo Financiero Galicia SASPONSORED ADR77,070$3.89M0.1%History
IPGInterpublic Group of Companies, Inc.COM141,766$3.47M0.1%History
JNPRJuniper Networks IncCOM83,454$3.33M0.1%History
SKXSkechers USA IncCL A33,786$2.13M<0.1%History
VIGLVigil Neuroscience, Inc.COM241,755$1.92M<0.1%History
VRTVertiv Holdings CoCOM CL A10,000$1.28M<0.1%History
BRDGBridge Investment Group Holdings Inc.COM CL A88,805$888.9K<0.1%History
KTKT CorpSPONSORED ADR30,000$623.4K<0.1%History
DDOGDatadog, Inc.CL A COM3,822$513.4K<0.1%History
VEEVVeeva Systems IncStock1,300$374.4K<0.1%History
RNWReNew Energy Global plcCL A SHS50,000$345.5K<0.1%History
RDFNRedfin CorpCOM26,818$300.1K<0.1%History
IBKRInteractive Brokers Group, Inc.Stock4,514$250.2K<0.1%History