Carmignac Gestion
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Carmignac Gestion reported 140 stock positions worth $6.3 billion. Its top holding was Meta Platforms Class A (META) at 8.5% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Advanced Micro Devices (AMD, 6.6%). Compared with Q4 2023, it opened 23 new positions, sold out of 27, added to 43 and reduced 58. The biggest buy was a new position in Micron Technology (MU) and the biggest sale Eli Lilly (LLY, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001569758
- Portfolio Value
- $6.3B (Q1 2024)
- SEC Filing
- 0000945621-24-000423 ↗ filed May 14, 2024
Holdings Value
Holdings 140 stocks · $6.3B
| META Meta Platforms Inc. Class A | 8.46% | 1,101,178 | $534.7M | Add +12.0% |
| MSFT Microsoft Corp. | 6.66% | 1,000,826 | $421.1M | Add +3.2% |
| AMD Advanced Micro Devices | 6.61% | 2,314,691 | $417.8M | Add +1.4% |
| AMZN Amazon.com Inc. | 6.46% | 2,265,893 | $408.7M | Reduce -1.0% |
| NVDA Nvidia Corp. | 5.64% | 394,758 | $356.7M | Reduce -35.0% |
| LLY Eli Lilly & Co. | 4.96% | 403,204 | $313.7M | Reduce -50.2% |
| GE General Electric | 3.68% | 1,324,146 | $232.4M | Reduce -18.6% |
| TSM Taiwan Semiconductor-SP ADR | 3.17% | 1,475,291 | $200.7M | Add +30.5% |
| BAX Baxter International Inc. | 3.16% | 4,678,605 | $200.0M | Reduce -11.9% |
| GOOGL Alphabet Inc. Class A | 3.12% | 1,307,716 | $197.4M | Add +35.9% |
| TMUS T-Mobile US Inc. | 3.12% | 1,207,511 | $197.1M | Reduce -8.1% |
| SPGI S&P Global Inc. | 3.11% | 462,159 | $196.6M | Add +0.8% |
| ICE Intercontinental Exchange Inc. | 3.09% | 1,419,454 | $195.1M | Reduce -19.9% |
| MU Micron Technology Inc. | 2.88% | 1,544,544 | $182.1M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.75% | 1,128,738 | $173.9M | Reduce -5.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 2.59% | 2,987,800 | $163.8M | Add +35.0% |
| FCX Freeport-McMoran Inc. | 2.04% | 2,742,217 | $128.9M | Add +0.3% |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.47% | 13,452,687 | $93.2M | Add +0.9% |
| CRM Salesforce Inc. | 1.39% | 291,003 | $87.6M | Add +9.0% |
| NEM Newmont Corp. | 1.35% | 2,380,036 | $85.3M | Reduce -1.1% |
| AEM Agnico Eagle Mines Ltd. | 1.26% | 1,336,226 | $79.7M | Reduce -31.0% |
| BABA Alibaba Group Holding-SP ADR | 1.26% | 1,099,868 | $79.6M | Add +2.3% |
| SNAP Snap Inc. Class A | 1.25% | 6,860,491 | $78.8M | Add +5.5% |
| XYZ Block Inc. | 1.24% | 923,225 | $78.1M | Add +35.1% |
| MA Mastercard Inc. Class A | 1.08% | 142,331 | $68.5M | Add +8.8% |
| SE Sea Ltd.-ADR | 0.94% | 1,111,006 | $59.7M | Reduce -15.6% |
| MELI MercadoLibre Inc. | 0.93% | 38,905 | $58.8M | Add +18.9% |
| TEAM Atlassian Corp. Class A | 0.88% | 285,516 | $55.7M | Add +26.3% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.77% | 2,942,693 | $48.7M | Add +142.2% |
| LIN Linde PLC | 0.75% | 102,205 | $47.5M | Add +1.4% |
| BILL Bill Holdings Inc. | 0.71% | 655,230 | $45.0M | Add +17.2% |
| WMT Walmart Inc. | 0.69% | 720,183 | $43.3M | Reduce -0.5% |
| TMO Thermo Fisher Scientific Inc. | 0.62% | 67,686 | $39.3M | Reduce -8.7% |
| PG The Procter & Gamble Co. | 0.62% | 240,831 | $39.1M | Add +18.5% |
| EH Ehang Holdings Ltd.-SPS ADR | 0.60% | 1,833,908 | $37.7M | Reduce -3.1% |
| MDB Mongodb Inc. | 0.59% | 103,929 | $37.3M | New |
| JD Jd.com Inc.-ADR | 0.59% | 1,357,379 | $37.2M | Add +40.6% |
| CL Colgate-Palmolive Co. | 0.58% | 406,178 | $36.6M | Add +12.6% |
| TW Tradeweb Markets Inc. Class A | 0.49% | 297,988 | $31.0M | No change |
| NVMI Nova Ltd. | 0.45% | 161,011 | $28.6M | Add +90.1% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.45% | 719,730 | $28.2M | No change |
| AMAT Applied Materials Inc. | 0.44% | 135,544 | $28.0M | Add +881.4% |
| ANSS Ansys Inc. | 0.43% | 78,539 | $27.3M | Add +74.6% |
| MNSO Miniso Group Holding Ltd.-ADR | 0.37% | 1,127,867 | $23.1M | Add +53.3% |
| COF Capital One Financial Corp. | 0.36% | 153,668 | $22.9M | Reduce -47.6% |
| DHR Danaher Corp. | 0.33% | 83,736 | $20.9M | Add +13.9% |
| VEEV Veeva Systems Inc. Class A | 0.23% | 61,599 | $14.3M | Reduce -6.1% |
| TCN Tricon Residential Inc. | 0.22% | 1,259,976 | $14.0M | New |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.21% | 983,956 | $13.5M | Reduce -80.3% |
| TDG Transdigm Group Inc. | 0.21% | 10,658 | $13.1M | New |
| WM Waste Management Inc. | 0.20% | 58,723 | $12.5M | Reduce -22.8% |
| SPOT Spotify Technology SA | 0.19% | 46,590 | $12.3M | New |
| TUYA Tuya Inc. | 0.18% | 6,321,276 | $11.1M | Add +29.3% |
| ADI Analog Devices Inc. | 0.17% | 52,961 | $10.4M | Add +125.5% |
| ISRG Intuitive Surgical Inc. | 0.16% | 25,804 | $10.3M | Reduce -29.1% |
| ORCL Oracle Corp. | 0.15% | 75,180 | $9.4M | Reduce -49.6% |
| ETSY Etsy Inc. | 0.13% | 123,938 | $8.5M | New |
| ALGN Align Technology Inc. | 0.13% | 25,299 | $8.3M | Add +70.2% |
| SYK Stryker Corp. | 0.13% | 22,363 | $8.0M | Reduce -74.0% |
| ADBE Adobe Inc. | 0.12% | 15,167 | $7.7M | Reduce -20.9% |
| INTU Intuit Inc. | 0.12% | 11,315 | $7.4M | Reduce -7.3% |
| NEE Nextera Energy Inc. | 0.11% | 108,351 | $6.9M | Reduce -65.8% |
| PXD Pioneer Natural Resources Co. | 0.10% | 23,956 | $6.3M | Add +15.1% |
| ADSK Autodesk Inc. | 0.10% | 23,809 | $6.2M | Reduce -55.4% |
| AXONICS INC | 0.10% | 89,475 | $6.2M | New |
| SP SP Plus Corp. | 0.10% | 116,283 | $6.1M | Add +55.3% |
| CTLT Catalent Inc. | 0.10% | 107,154 | $6.0M | New |
| JNPR Juniper Networks Inc. | 0.10% | 162,985 | $6.0M | New |
| CERE Cerevel Therapeutics Holding | 0.09% | 142,015 | $6.0M | Add +221.4% |
| GPRK Geopark Ltd. | 0.09% | 609,566 | $5.9M | Reduce -45.5% |
| HES Hess Corp. | 0.09% | 37,958 | $5.8M | Add +11.3% |
| TAL Tal Education Group- ADR | 0.08% | 445,750 | $5.1M | Add +4.1% |
| TRU Transunion | 0.08% | 61,538 | $4.9M | Add +0.4% |
| ALC Alcon Inc. filed as ALCON AG | 0.07% | 56,183 | $4.7M | Reduce -85.2% |
| TME Tencent Music Entertainm-ADR | 0.07% | 404,935 | $4.5M | Add +45.6% |
| CCJ Cameco Corp. | 0.07% | 97,308 | $4.2M | New |
| NOW ServiceNow Inc. | 0.07% | 5,479 | $4.2M | Reduce -43.5% |
| OLK Olink Holding AB - ADR | 0.06% | 165,036 | $3.9M | Add +33.7% |
| ECL Ecolab Inc. | 0.06% | 16,642 | $3.8M | No change |
| CRH CRH PLC | 0.06% | 43,511 | $3.8M | Add +19.8% |
| CPRI Capri Holdings Ltd. | 0.06% | 81,937 | $3.7M | Reduce -29.8% |
| TBBB BBB Foods Inc. Class A | 0.05% | 140,000 | $3.3M | New |
| CLEARSIDE BIOMEDICAL INC | 0.05% | 2,132,744 | $3.3M | No change |
| EDU New Oriental Educatio-SP ADR | 0.05% | 36,696 | $3.2M | Reduce -31.8% |
| CP Canadian Pacific Kansas City | 0.05% | 35,959 | $3.2M | Reduce -60.6% |
| ERF Enerplus Corp. | 0.05% | 151,002 | $3.0M | New |
| MAR Marriott International Class A | 0.04% | 10,958 | $2.8M | Reduce -30.9% |
| BRO Brown & Brown Inc. | 0.04% | 31,511 | $2.8M | Reduce -33.0% |
| PANW Palo Alto Networks Inc. | 0.04% | 9,669 | $2.7M | Reduce -37.9% |
| COST Costco Wholesale Corp. | 0.04% | 3,745 | $2.7M | Reduce -68.1% |
| GRMN Garmin Ltd. | 0.04% | 17,255 | $2.6M | Reduce -33.8% |
| TGAN Transphorm Inc. | 0.04% | 513,852 | $2.5M | New |
| KO The Coca-Cola Co. | 0.04% | 2,789 | $2.4M | Reduce -41.8% |
| ODFL Old Dominion Freight Line | 0.04% | 10,514 | $2.3M | New |
| ETRN Equitrans Midstream Corp. | 0.04% | 181,547 | $2.3M | New |
| MEDP Medpace Holdings Inc. | 0.03% | 5,453 | $2.2M | Reduce -37.2% |
| CPE Callon Petroleum Co. | 0.03% | 60,142 | $2.2M | New |
| TASK Taskus Inc. Class A | 0.03% | 180,000 | $2.1M | Reduce -28.0% |
| VZIO Vizio Holding Corp. Class A | 0.03% | 180,897 | $2.0M | New |
| SWN Southwestern Energy Co. | 0.03% | 259,998 | $2.0M | New |
Options reported separately and not counted above: GOOG calls ($53K), GOOGL calls ($53K), MU calls ($43K), TSLA calls ($21K).
Portfolio Sells Q4 2023 → Q1 2024
| LLY Eli Lilly & Co. | Reduce -50.2% | 4.96% | −2.96 |
| HUM Humana Inc. | Sold out | 0.00% | −1.96 |
| BIIB Biogen Inc. | Sold out | 0.00% | −1.57 |
| BEKE Ke Holdings Inc.-ADR | Reduce -80.3% | 0.21% | −1.15 |
| ICE Intercontinental Exchange Inc. | Reduce -19.9% | 3.09% | −0.74 |
| FTNT Fortinet Inc. | Reduce -97.1% | 0.02% | −0.69 |
| AEM Agnico Eagle Mines Ltd. | Reduce -31.0% | 1.26% | −0.52 |
| YMM Full Truck Alliance -SPN ADR | Sold out | 0.00% | −0.46 |
| ALC Alcon Inc. | Reduce -85.2% | 0.07% | −0.42 |
| TMUS T-Mobile US Inc. | Reduce -8.1% | 3.12% | −0.42 |
| NEM Newmont Corp. | Reduce -1.1% | 1.35% | −0.32 |
| SYK Stryker Corp. | Reduce -74.0% | 0.13% | −0.31 |
| BAX Baxter International Inc. | Reduce -11.9% | 3.16% | −0.29 |
| COF Capital One Financial Corp. | Reduce -47.6% | 0.36% | −0.28 |
| NEE Nextera Energy Inc. | Reduce -65.8% | 0.11% | −0.21 |
| SPLK Splunk Inc. | Sold out | 0.00% | −0.21 |
| EL Estee Lauder Companies Class A | Reduce -5.6% | 2.75% | −0.19 |
| DE Deere & Co. | Sold out | 0.00% | −0.17 |
| MRUS Merus NV | Reduce -90.3% | 0.03% | −0.16 |
| SOVO Sovos Brands Inc. | Sold out | 0.00% | −0.15 |
| ADSK Autodesk Inc. | Reduce -55.4% | 0.10% | −0.12 |
| ORCL Oracle Corp. | Reduce -49.6% | 0.15% | −0.12 |
| TGH Textainer Group Holdings Ltd. | Sold out | 0.00% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -68.1% | 0.04% | −0.09 |
| ON On Semiconductor | Reduce -68.3% | 0.03% | −0.08 |
| ADBE Adobe Inc. | Reduce -20.9% | 0.12% | −0.07 |
| CP Canadian Pacific Kansas City | Reduce -60.6% | 0.05% | −0.07 |
| GPRK Geopark Ltd. | Reduce -45.5% | 0.09% | −0.07 |
| RPT REALTY | Sold out | 0.00% | −0.06 |
| SMG Scotts Miracle-Gro Co. | Sold out | 0.00% | −0.06 |
| IMGN Immunogen Inc. | Sold out | 0.00% | −0.06 |
| AMED Amedisys Inc. | Sold out | 0.00% | −0.05 |
| GDDY GoDaddy Inc. Class A | Sold out | 0.00% | −0.05 |
| CMBT CMB Tech NV | Sold out | 0.00% | −0.05 |
| NOW ServiceNow Inc. | Reduce -43.5% | 0.07% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -29.1% | 0.16% | −0.04 |
| CPRI Capri Holdings Ltd. | Reduce -29.8% | 0.06% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.7% | 0.62% | −0.04 |
| KO The Coca-Cola Co. | Reduce -41.8% | 0.04% | −0.04 |
| BANC Banc of California Inc. | Sold out | 0.00% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -37.9% | 0.04% | −0.03 |
| SRC Spirit Realty Capital Inc. | Sold out | 0.00% | −0.03 |
| WM Waste Management Inc. | Reduce -22.8% | 0.20% | −0.03 |
| X United States Steel Corp. | Sold out | 0.00% | −0.03 |
| MRTX Mirati Therapeutics Inc. | Sold out | 0.00% | −0.03 |
| BVH Bluegreen Vacations Holding | Sold out | 0.00% | −0.03 |
| ESMT Engagesmart Inc. | Sold out | 0.00% | −0.03 |
| CTAS Cintas Corp. | Reduce -51.8% | 0.03% | −0.02 |
| MTZ Mastec Inc. | Reduce -69.1% | 0.01% | −0.02 |
| GIS General Mills Inc. | Reduce -42.6% | 0.03% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| MU Micron Technology Inc. | New | 2.88% | +2.88 |
| META Meta Platforms Inc. Class A | Add +12.0% | 8.46% | +2.61 |
| TSM Taiwan Semiconductor-SP ADR | Add +30.5% | 3.17% | +1.20 |
| AMD Advanced Micro Devices | Add +1.4% | 6.61% | +0.95 |
| GOOGL Alphabet Inc. Class A | Add +35.9% | 3.12% | +0.86 |
| SLB SLB Ltd. | Add +35.0% | 2.59% | +0.66 |
| MDB Mongodb Inc. | New | 0.59% | +0.59 |
| MSFT Microsoft Corp. | Add +3.2% | 6.66% | +0.53 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +142.2% | 0.77% | +0.41 |
| AMAT Applied Materials Inc. | Add +881.4% | 0.44% | +0.40 |
| XYZ Block Inc. | Add +35.1% | 1.24% | +0.35 |
| NVMI Nova Ltd. | Add +90.1% | 0.45% | +0.26 |
| TCN Tricon Residential Inc. | New | 0.22% | +0.22 |
| TDG Transdigm Group Inc. | New | 0.21% | +0.21 |
| CRM Salesforce Inc. | Add +9.0% | 1.39% | +0.21 |
| SPOT Spotify Technology SA | New | 0.19% | +0.19 |
| ANSS Ansys Inc. | Add +74.6% | 0.43% | +0.16 |
| MA Mastercard Inc. Class A | Add +8.8% | 1.08% | +0.15 |
| ETSY Etsy Inc. | New | 0.13% | +0.13 |
| JD Jd.com Inc.-ADR | Add +40.6% | 0.59% | +0.12 |
| PG The Procter & Gamble Co. | Add +18.5% | 0.62% | +0.12 |
| MNSO Miniso Group Holding Ltd.-ADR | Add +53.3% | 0.37% | +0.11 |
| AXONICS INC | New | 0.10% | +0.10 |
| CL Colgate-Palmolive Co. | Add +12.6% | 0.58% | +0.10 |
| CTLT Catalent Inc. | New | 0.10% | +0.10 |
| JNPR Juniper Networks Inc. | New | 0.10% | +0.10 |
| ADI Analog Devices Inc. | Add +125.5% | 0.17% | +0.09 |
| FCX Freeport-McMoran Inc. | Add +0.3% | 2.04% | +0.08 |
| CCJ Cameco Corp. | New | 0.07% | +0.07 |
| MELI MercadoLibre Inc. | Add +18.9% | 0.93% | +0.07 |
| CERE Cerevel Therapeutics Holding | Add +221.4% | 0.09% | +0.06 |
| ALGN Align Technology Inc. | Add +70.2% | 0.13% | +0.06 |
| LIN Linde PLC | Add +1.4% | 0.75% | +0.06 |
| TBBB BBB Foods Inc. Class A | New | 0.05% | +0.05 |
| ERF Enerplus Corp. | New | 0.05% | +0.05 |
| DHR Danaher Corp. | Add +13.9% | 0.33% | +0.05 |
| TGAN Transphorm Inc. | New | 0.04% | +0.04 |
| ODFL Old Dominion Freight Line | New | 0.04% | +0.04 |
| ETRN Equitrans Midstream Corp. | New | 0.04% | +0.04 |
| CPE Callon Petroleum Co. | New | 0.03% | +0.03 |
| SP SP Plus Corp. | Add +55.3% | 0.10% | +0.03 |
| VZIO Vizio Holding Corp. Class A | New | 0.03% | +0.03 |
| SWN Southwestern Energy Co. | New | 0.03% | +0.03 |
| TME Tencent Music Entertainm-ADR | Add +45.6% | 0.07% | +0.03 |
| PXD Pioneer Natural Resources Co. | Add +15.1% | 0.10% | +0.02 |
| CRH CRH PLC | Add +19.8% | 0.06% | +0.02 |
| FREE Whole Earth Brands Inc. | New | 0.02% | +0.02 |
| OLK Olink Holding AB - ADR | Add +33.7% | 0.06% | +0.01 |
| HES Hess Corp. | Add +11.3% | 0.09% | +0.01 |
| QFIN Qfin Holdings Inc.-ADR | New | 0.01% | +0.01 |
Options Activity Q4 2023 → Q1 2024
| GOOG Alphabet Inc. Class C | call | New | 350,000 | $53K |
| GOOGL Alphabet Inc. Class A | call | New | 350,000 | $53K |
| MU Micron Technology Inc. | call | New | 365,000 | $43K |
| TSLA Tesla Inc. | call | New | 120,000 | $21K |
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 |