1y return+5.5%S&P 500 +20.9%
3y return+66.3%S&P 500 +68.5%
5y return+35.8%S&P 500 +74.5%
10y return+194.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $294 against $357 in the S&P 500.2
Carmignac GestionS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corp | $959.4M | 12.5% | +5.0% |
| AVGOBroadcom Inc | $511.5M | 6.6% | +150.0% |
| CORCencora Inc | $494.5M | 6.4% | +58.7% |
| MCKMckesson Corp | $473.7M | 6.1% | +97.3% |
| GOOGLAlphabet Inc | $412.5M | 5.4% | −14.2% |
| TWTradeweb Markets Inc | $386.4M | 5.0% | +69.6% |
| MAMastercard Inc | $376.2M | 4.9% | +92.6% |
| SPGIS&p Global Inc | $374.3M | 4.9% | −3.8% |
| BRK/BBerkshire Hathaway Inc | $352.5M | 4.6% | +72.8% |
| MELIMercadolibre Inc | $322.6M | 4.2% | −23.8% |
| ICEIntercontinental Exchange Inc | $254.9M | 3.3% | +80.0% |
| MSFTMicrosoft Corp | $231.9M | 3.0% | +189.3% |
| AMZNAmazon.com Inc | $200.5M | 2.6% | −40.3% |
| APHAmphenol Corp | $171.0M | 2.2% | +44.9% |
| LNTHLantheus Holdings Inc | $148.7M | 1.9% | |
| TEAMAtlassian Corp | $122.7M | 1.6% | −39.4% |
| REGNRegeneron Pharmaceuticals Inc | $113.8M | 1.5% | +56.6% |
| ZTSZoetis Inc | $113.2M | 1.5% | New |
| EFXEquifax Inc | $112.8M | 1.5% | +94.9% |
| PHParker-hannifin Corp | $101.0M | 1.3% | +191.4% |
| ITUBItau Unibanco Holding Sa | $99.8M | 1.3% | +41.6% |
| XYZBlock Inc | $97.8M | 1.3% | −60.2% |
| ABNBAirbnb Inc | $94.0M | 1.2% | |
| VRTXVertex Pharmaceuticals Inc | $81.0M | 1.1% | +10.0% |
| CLSCelestica Inc | $70.5M | 0.9% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corp | June 30, 2020 | +2006.7% | $959.4M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $412.5M |
| METAMeta Platforms Inc | June 30, 2022 | +249.3% | $58.3M |
| APHAmphenol Corp | September 30, 2024 | +170.6% | $171.0M |
| AVGOBroadcom Inc | June 30, 2024 | +135.3% | $511.5M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $231.9M |
| AMZNAmazon.com Inc | June 30, 2020 | +72.8% | $200.5M |
| MELIMercadolibre Inc | June 30, 2020 | +72.2% | $322.6M |
| MCKMckesson Corp | September 30, 2024 | +52.8% | $473.7M |
| TWTradeweb Markets Inc | June 30, 2022 | +46.0% | $386.4M |
Sold off last quarter
- CRMSalesforce Inc was $181.8M
- BKNGBooking Holdings Inc was $62.1M
- WDAYWorkday Inc was $59.4M
- Credo Technology Group Holding LtdCUSIP G25457105 was $34.2M
- Air Lease CorpCUSIP 00912X302 was $16.9M
- Hologic IncCUSIP 436440101 was $15.5M
- KLACKla Corp was $13.3M
- Cantaloupe IncCUSIP 138103106 was $11.6M
- Masimo CorpCUSIP 574795100 was $11.5M
- Amicus Therapeutics IncCUSIP 03152W109 was $11.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +5.5% | +14.8% |
| March 31, 2026 | −10.3% | −4.6% |
| December 31, 2025 | +3.1% | +2.4% |
| September 30, 2025 | +8.2% | +7.8% |
| June 30, 2025 | +15.8% | +10.5% |
| March 31, 2025 | −1.2% | −4.6% |
| December 31, 2024 | −0.7% | +2.1% |
| September 30, 2024 | +4.9% | +5.4% |
| June 30, 2024 | +3.2% | +4.0% |
| March 31, 2024 | +15.3% | +10.0% |
| December 31, 2023 | +12.9% | +11.2% |
| September 30, 2023 | −1.3% | −3.6% |
| June 30, 2023 | +6.6% | +8.3% |
| March 31, 2023 | +7.4% | +7.0% |
| December 31, 2022 | +8.3% | +7.1% |
| September 30, 2022 | −5.3% | −5.3% |
| June 30, 2022 | −15.7% | −16.5% |
| March 31, 2022 | −10.9% | −4.9% |
| December 31, 2021 | −4.2% | +10.7% |
| September 30, 2021 | −3.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Carmignac Gestion Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1569758&type=13F-HR&dateb=&owner=include&count=40CIK 1569758
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1569758/000094562126001046/Filed August 13, 2026 · accession 0000945621-26-001046