Carmignac Gestion
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Carmignac Gestion reported 94 stock positions worth $7.7 billion. Its top holding was Nvidia (NVDA) at 12.5% of the portfolio, followed by Broadcom (AVGO, 6.6%) and Cencora (COR, 6.4%). Compared with Q1 2026, it opened 26 new positions, sold out of 40, added to 36 and reduced 22. The biggest buy was Broadcom (AVGO, shares +150%) and the biggest sale an exit from Salesforce (CRM).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001569758
- Portfolio Value
- $7.7B (Q2 2026)
- SEC Filing
- 0000945621-26-001046 ↗ filed Aug 13, 2026
Holdings Value
Holdings 94 stocks · $7.7B
| NVDA Nvidia Corp. | 12.45% | 4,795,726 | $959.4M | Add +5.0% |
| AVGO Broadcom Inc. | 6.64% | 1,354,155 | $511.5M | Add +150.0% |
| COR Cencora Inc. | 6.42% | 1,747,363 | $494.5M | Add +58.7% |
| MCK McKesson Corp. | 6.15% | 626,904 | $473.7M | Add +97.3% |
| GOOGL Alphabet Inc. Class A | 5.35% | 1,154,334 | $412.5M | Reduce -14.2% |
| TW Tradeweb Markets Inc. Class A | 5.01% | 3,876,800 | $386.4M | Add +69.6% |
| MA Mastercard Inc. Class A | 4.88% | 732,598 | $376.2M | Add +92.5% |
| SPGI S&P Global Inc. | 4.86% | 919,140 | $374.3M | Reduce -3.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.57% | 704,407 | $352.5M | Add +72.8% |
| MELI MercadoLibre Inc. | 4.19% | 190,098 | $322.6M | Reduce -23.8% |
| ICE Intercontinental Exchange Inc. | 3.31% | 2,070,226 | $254.9M | Add +80.0% |
| MSFT Microsoft Corp. | 3.01% | 621,773 | $231.9M | Add +189.3% |
| AMZN Amazon.com Inc. | 2.60% | 841,266 | $200.5M | Reduce -40.3% |
| APH Amphenol Corp. Class A | 2.22% | 969,763 | $171.0M | Add +44.9% |
| LNTH Lantheus Holdings Inc. | 1.93% | 1,340,100 | $148.7M | Add +0.9% |
| TEAM Atlassian Corp. Class A | 1.59% | 1,577,000 | $122.7M | Reduce -39.4% |
| REGN Regeneron Pharmaceuticals | 1.48% | 182,507 | $113.8M | Add +56.6% |
| ZTS Zoetis Inc. | 1.47% | 1,575,700 | $113.2M | New |
| EFX Equifax Inc. | 1.46% | 710,685 | $112.8M | Add +94.9% |
| PH Parker Hannifin Corp. | 1.31% | 103,265 | $101.0M | Add +191.4% |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.30% | 12,219,314 | $99.8M | Add +41.6% |
| XYZ Block Inc. | 1.27% | 1,287,026 | $97.8M | Reduce -60.2% |
| ABNB Airbnb Inc. Class A | 1.22% | 656,570 | $94.0M | Reduce -0.5% |
| VRTX Vertex Pharmaceuticals Inc. | 1.05% | 163,045 | $81.0M | Add +10.0% |
| CLS Celestica Inc. | 0.91% | 193,200 | $70.5M | New |
| VIPS Vipshop Holdings Ltd. - ADR | 0.85% | 4,920,324 | $65.2M | Add +9.8% |
| SE Sea Ltd.-ADR | 0.81% | 651,818 | $62.3M | Add +2.2% |
| META Meta Platforms Inc. Class A | 0.76% | 103,560 | $58.3M | Reduce -9.5% |
| ALGN Align Technology Inc. | 0.69% | 316,832 | $53.5M | Add +40.7% |
| DOCS Doximity Inc. Class A | 0.63% | 2,355,900 | $48.9M | Reduce -45.4% |
| GTLB Gitlab Inc. Class A | 0.58% | 1,475,612 | $45.1M | Add +55.8% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.51% | 846,192 | $39.3M | Reduce -10.6% |
| VNET Vnet Group Inc.-ADR | 0.49% | 4,760,599 | $38.1M | Add +1375.2% |
| NOW ServiceNow Inc. | 0.48% | 371,803 | $36.9M | Reduce -75.4% |
| NBIX Neurocrine Biosciences Inc. | 0.47% | 214,100 | $36.1M | Add +15.1% |
| RPRX Royalty Pharma PLC Class A | 0.46% | 630,700 | $35.4M | Reduce -0.1% |
| SFM Sprouts Farmers Market Inc. | 0.41% | 375,200 | $31.7M | Reduce -46.3% |
| SPCX Space Exploration Techn Class A | 0.37% | 168,723 | $28.8M | New |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.37% | 829,302 | $28.5M | Add +0.8% |
| TBBB BBB Foods Inc. Class A | 0.36% | 670,106 | $27.9M | Add +526.5% |
| IONS Ionis Pharmaceuticals Inc. | 0.33% | 321,000 | $25.5M | Add +505.7% |
| TME Tencent Music Entertainm-ADR | 0.31% | 2,903,426 | $24.3M | Add +0.8% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.26% | 226,666 | $19.6M | Add +0.9% |
| GL Globe Life Inc. | 0.25% | 107,100 | $19.1M | Reduce -37.0% |
| CL Colgate-Palmolive Co. | 0.24% | 199,143 | $18.3M | Reduce -15.7% |
| AEM Agnico Eagle Mines Ltd. | 0.23% | 113,584 | $17.6M | New |
| FNV Franco-Nevada Corp. | 0.23% | 83,723 | $17.5M | New |
| GTLS Chart Industries Inc. | 0.22% | 82,944 | $17.3M | No change |
| WBS Webster Financial Corp. | 0.22% | 222,221 | $17.0M | Add +14.5% |
| EDU New Oriental Educatio-SP ADR | 0.22% | 368,392 | $16.9M | Add +0.8% |
| ANET Arista Networks Inc. | 0.16% | 72,457 | $12.3M | Reduce -90.3% |
| PG The Procter & Gamble Co. | 0.15% | 76,813 | $11.3M | Reduce -12.9% |
| EA Electronic Arts Inc. | 0.13% | 48,934 | $10.0M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 20,956 | $10.0M | Add +1427.4% |
| HD Home Depot Inc. | 0.12% | 26,374 | $9.3M | Reduce -14.2% |
| CHD Church & Dwight Co. Inc. | 0.11% | 90,997 | $8.8M | Reduce -6.3% |
| SLAB Silicon Laboratories Inc. | 0.11% | 40,340 | $8.8M | Add +44.9% |
| RAMP Liveramp Holdings Inc. | 0.11% | 234,126 | $8.8M | New |
| TECH Bio-Techne Corp. | 0.11% | 124,530 | $8.8M | New |
| KVUE Kenvue Inc. | 0.10% | 420,432 | $8.0M | Add +166.8% |
| TMO Thermo Fisher Scientific Inc. | 0.10% | 15,727 | $7.9M | Reduce -0.6% |
| BNTX Biontech SE-ADR | 0.10% | 79,875 | $7.4M | Reduce -29.1% |
| WBD Warner Bros Discovery Inc. | 0.10% | 276,857 | $7.4M | Add +17.1% |
| JHG Janus Henderson Group PLC | 0.09% | 137,300 | $7.1M | No change |
| OGN Organon & Co. | 0.08% | 448,606 | $6.1M | New |
| APGE Apogee Therapeutics Inc. | 0.08% | 44,475 | $5.9M | New |
| NUVL Nuvalent Inc. Class A | 0.08% | 47,657 | $5.9M | New |
| DBRG Digitalbridge Group Inc. | 0.08% | 369,415 | $5.8M | No change |
| ESPR Esperion Therapeutics Inc. | 0.07% | 1,659,399 | $5.2M | New |
| LEG Leggett & Platt Inc. | 0.06% | 410,119 | $4.8M | New |
| PAYO Payoneer Global Inc. | 0.04% | 426,354 | $3.0M | New |
| CZR Caesars Entertainment Inc. | 0.04% | 100,508 | $3.0M | New |
| CPRX Catalyst Pharmaceuticals Inc. | 0.04% | 95,603 | $3.0M | New |
| LPRO Open Lending Corp. | 0.04% | 960,179 | $3.0M | New |
| GBTG Global Business Travel Group | 0.04% | 316,463 | $3.0M | New |
| TALK Talkspace Inc. | 0.04% | 556,771 | $2.9M | Add +279.7% |
| SEM Select Medical Holdings Corp. | 0.04% | 174,516 | $2.9M | No change |
| TXNM TXNM Energy Inc. | 0.03% | 47,000 | $2.7M | No change |
| OLPX Olaplex Holdings Inc. | 0.03% | 1,252,648 | $2.6M | Add +46.8% |
| AVNS Avanos Medical Inc. | 0.03% | 89,418 | $2.2M | New |
| MMYT Makemytrip Ltd. | 0.03% | 40,452 | $2.2M | Add +32.9% |
| IMXI International Money Express | 0.03% | 138,650 | $2.0M | No change |
| CRH CRH PLC | 0.02% | 17,183 | $1.8M | New |
| QFIN Qfin Holdings Inc.-ADR | 0.01% | 39,081 | $618K | No change |
| V Visa Inc. Class A | 0.01% | 1,721 | $590K | Reduce -26.1% |
| DX Dynex Capital Inc. | 0.01% | 44,846 | $588K | New |
| AGNC AGNC Investment Corp. | 0.01% | 49,928 | $544K | New |
| NLY Annaly Capital Management Inc. | 0.01% | 23,612 | $528K | New |
| BMY Bristol-Myers Squibb Co. | 0.01% | 9,014 | $519K | New |
| EH Ehang Holdings Ltd.-SPS ADR | 0.01% | 76,985 | $504K | No change |
| GFS Globalfoundries Inc. | 0.01% | 5,719 | $471K | New |
| PFE Pfizer Inc. | 0.01% | 19,475 | $469K | New |
| AMAT Applied Materials Inc. | 0.00% | 232 | $168K | New |
| CCO Clear Channel Outdoor Holdin | 0.00% | 58,471 | $142K | No change |
Options reported separately and not counted above: BOSTON SCIENTIFIC CORP calls ($0), JPMORGAN CHASE & CO calls ($0), MICROSOFT CORP calls ($0), NFLX calls ($0), ANGLOGOLD ASHANTI PLC calls ($0), BITDEER TECHNOLOGIES GROUP calls ($0).
Portfolio Sells Q1 2026 → Q2 2026
| CRM Salesforce Inc. | Sold out | 0.00% | −2.79 |
| MELI MercadoLibre Inc. | Reduce -23.8% | 4.19% | −2.44 |
| NOW ServiceNow Inc. | Reduce -75.4% | 0.48% | −1.95 |
| AMZN Amazon.com Inc. | Reduce -40.3% | 2.60% | −1.91 |
| XYZ Block Inc. | Reduce -60.2% | 1.27% | −1.72 |
| SPGI S&P Global Inc. | Reduce -3.8% | 4.86% | −1.38 |
| ANET Arista Networks Inc. | Reduce -90.3% | 0.16% | −1.25 |
| TEAM Atlassian Corp. Class A | Reduce -39.4% | 1.59% | −1.14 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.95 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.91 |
| DOCS Doximity Inc. Class A | Reduce -45.4% | 0.63% | −0.91 |
| GOOGL Alphabet Inc. Class A | Reduce -14.2% | 5.35% | −0.59 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.53 |
| SFM Sprouts Farmers Market Inc. | Reduce -46.3% | 0.41% | −0.42 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −0.26 |
| META Meta Platforms Inc. Class A | Reduce -9.5% | 0.76% | −0.25 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.24 |
| SLB SLB Ltd. | Reduce -10.6% | 0.51% | −0.24 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.20 |
| CTLP Cantaloupe Inc. | Sold out | 0.00% | −0.18 |
| MASI Masimo Corp. | Sold out | 0.00% | −0.18 |
| FOLD Amicus Therapeutics Inc. | Sold out | 0.00% | −0.17 |
| OS Onestream Inc. | Sold out | 0.00% | −0.14 |
| CSGS CSG Systems Intl Inc. | Sold out | 0.00% | −0.13 |
| GL Globe Life Inc. | Reduce -37.0% | 0.25% | −0.12 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.10 |
| PRA Proassurance Corp. | Sold out | 0.00% | −0.08 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.08 |
| CL Colgate-Palmolive Co. | Reduce -15.7% | 0.24% | −0.07 |
| AMWD American Woodmark Corp. | Sold out | 0.00% | −0.07 |
| ABNB Airbnb Inc. Class A | Reduce -0.5% | 1.22% | −0.06 |
| BNTX Biontech SE-ADR | Reduce -29.1% | 0.10% | −0.06 |
| SEMR Semrush Holdings Inc. Class A | Sold out | 0.00% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -12.9% | 0.15% | −0.05 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.04 |
| TERN Terns Pharmaceuticals Inc. | Sold out | 0.00% | −0.04 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.04 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.04 |
| SKYT Skywater Technology Inc. | Sold out | 0.00% | −0.04 |
| HD Home Depot Inc. | Reduce -14.2% | 0.12% | −0.03 |
| ACLX Arcellx Inc. | Sold out | 0.00% | −0.03 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −0.03 |
| CHD Church & Dwight Co. Inc. | Reduce -6.3% | 0.11% | −0.02 |
| ONTF ON24 Inc. | Sold out | 0.00% | −0.02 |
| APLS Apellis Pharmaceuticals Inc. | Sold out | 0.00% | −0.02 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.02 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.02 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.6% | 0.10% | −0.02 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| AVGO Broadcom Inc. | Add +150.0% | 6.64% | +4.06 |
| MA Mastercard Inc. Class A | Add +92.5% | 4.88% | +1.96 |
| MCK McKesson Corp. | Add +97.3% | 6.15% | +1.92 |
| MSFT Microsoft Corp. | Add +189.3% | 3.01% | +1.79 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +72.8% | 4.57% | +1.57 |
| ZTS Zoetis Inc. | New | 1.47% | +1.47 |
| COR Cencora Inc. | Add +58.7% | 6.42% | +1.10 |
| APH Amphenol Corp. Class A | Add +44.9% | 2.22% | +0.92 |
| CLS Celestica Inc. | New | 0.91% | +0.91 |
| TW Tradeweb Markets Inc. Class A | Add +69.6% | 5.01% | +0.88 |
| PH Parker Hannifin Corp. | Add +191.4% | 1.31% | +0.82 |
| ICE Intercontinental Exchange Inc. | Add +80.0% | 3.31% | +0.53 |
| EFX Equifax Inc. | Add +94.9% | 1.46% | +0.46 |
| VNET Vnet Group Inc.-ADR | Add +1375.2% | 0.49% | +0.45 |
| LNTH Lantheus Holdings Inc. | Add +0.9% | 1.93% | +0.38 |
| SPCX Space Exploration Techn Class A | New | 0.37% | +0.37 |
| TBBB BBB Foods Inc. Class A | Add +526.5% | 0.36% | +0.30 |
| GTLB Gitlab Inc. Class A | Add +55.8% | 0.58% | +0.27 |
| IONS Ionis Pharmaceuticals Inc. | Add +505.7% | 0.33% | +0.27 |
| AEM Agnico Eagle Mines Ltd. | New | 0.23% | +0.23 |
| FNV Franco-Nevada Corp. | New | 0.23% | +0.23 |
| NVDA Nvidia Corp. | Add +5.0% | 12.45% | +0.22 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +41.6% | 1.30% | +0.18 |
| TSM Taiwan Semiconductor-SP ADR | Add +1427.4% | 0.13% | +0.12 |
| RAMP Liveramp Holdings Inc. | New | 0.11% | +0.11 |
| TECH Bio-Techne Corp. | New | 0.11% | +0.11 |
| ALGN Align Technology Inc. | Add +40.7% | 0.69% | +0.10 |
| REGN Regeneron Pharmaceuticals | Add +56.6% | 1.48% | +0.09 |
| NBIX Neurocrine Biosciences Inc. | Add +15.1% | 0.47% | +0.09 |
| OGN Organon & Co. | New | 0.08% | +0.08 |
| APGE Apogee Therapeutics Inc. | New | 0.08% | +0.08 |
| NUVL Nuvalent Inc. Class A | New | 0.08% | +0.08 |
| ESPR Esperion Therapeutics Inc. | New | 0.07% | +0.07 |
| KVUE Kenvue Inc. | Add +166.8% | 0.10% | +0.06 |
| LEG Leggett & Platt Inc. | New | 0.06% | +0.06 |
| CZR Caesars Entertainment Inc. | New | 0.04% | +0.04 |
| PAYO Payoneer Global Inc. | New | 0.04% | +0.04 |
| CPRX Catalyst Pharmaceuticals Inc. | New | 0.04% | +0.04 |
| LPRO Open Lending Corp. | New | 0.04% | +0.04 |
| GBTG Global Business Travel Group | New | 0.04% | +0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Add +10.0% | 1.05% | +0.03 |
| AVNS Avanos Medical Inc. | New | 0.03% | +0.03 |
| TALK Talkspace Inc. | Add +279.7% | 0.04% | +0.03 |
| SLAB Silicon Laboratories Inc. | Add +44.9% | 0.11% | +0.03 |
| CRH CRH PLC | New | 0.02% | +0.02 |
| WBS Webster Financial Corp. | Add +14.5% | 0.22% | +0.01 |
| MMYT Makemytrip Ltd. | Add +32.9% | 0.03% | +0.01 |
| DX Dynex Capital Inc. | New | 0.01% | +0.01 |
| AGNC AGNC Investment Corp. | New | 0.01% | +0.01 |
| NLY Annaly Capital Management Inc. | New | 0.01% | +0.01 |
Options Activity Q1 2026 → Q2 2026
| BOSTON SCIENTIFIC CORP | call | New | 38,200 | $0 |
| EOSE Eos Energy Enterprises Inc. | call | Sold out | 26,000 | $0before exit |
| JPMORGAN CHASE & CO | call | New | 539,000 | $0 |
| MSFT Microsoft Corp. | call | Sold out | 10,400 | $0before exit |
| MICROSOFT CORP | call | New | 8,500 | $0 |
| MU Micron Technology Inc. | call | Sold out | 5,400 | $0before exit |
| NFLX Netflix Inc. | call | New | 29,900 | $0 |
| PTON Peloton Interactive Inc. Class A | call | Sold out | 4,064,500 | $0before exit |
| ANGLOGOLD ASHANTI PLC | call | New | 10,300 | $0 |
| BITDEER TECHNOLOGIES GROUP | call | New | 681,600 | $0 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 94 | $7.7B | NVDA, AVGO, COR, MCK, GOOGL |
| Q1 2026 | 108 | $6.5B | NVDA, MELI, SPGI, GOOGL, COR |
| Q4 2025 | 119 | $7.4B | NVDA, MSFT, SPGI, GOOGL, AMZN |
| Q3 2025 | 126 | $6.7B | NVDA, GOOGL, AMZN, SPGI, MELI |
| Q2 2025 | 122 | $6.5B | NVDA, AMZN, GOOGL, MELI, MCK |
| Q1 2025 | 152 | $6.1B | AMZN, NVDA, MCK, COR, CNC |
| Q4 2024 | 148 | $6.3B | AMZN, MSFT, NVDA, CNC, SLB |
| Q3 2024 | 167 | $6.0B | AMZN, SLB, MSFT, GOOGL, NVDA |
| Q2 2024 | 155 | $5.8B | MSFT, AMZN, GOOGL, SLB, NVDA |
| Q1 2024 | 140 | $6.3B | META, MSFT, AMD, AMZN, NVDA |