Carmignac Gestion

PARIS, I0 · CIK 1569758 · 13F filing filed 2026-08-13

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityCARMIGNAC GESTION (FR)

Others nearbyParis

$7.7bn reported value +18.4% vs Q1 2026

94positions

60.5%in top 10

26 new 36 added 22 reduced 40 sold out vs Q1 2026

Options: 6 call positions ($0 notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	4,795,726	$959.4m12.45%	12.45%	Added +229.3k	+229,282 5.0%
2	BROADCOM INC COM AVGO	AVGO	1,354,155	$511.5m6.64%	6.64%	Added +812.5k	+812,504 150.0%
3	CENCORA INC COM COR	COR	1,747,363	$494.5m6.42%	6.42%	Added +646.1k	+646,112 58.7%
4	MCKESSON CORP COM MCK	MCK	626,904	$473.7m6.15%	6.15%	Added +309.2k	+309,183 97.3%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,154,334	$412.5m5.35%	5.35%	Reduced -191.3k	-191,258 -14.2%
6	TRADEWEB MKTS INC CL A TW	TW	3,876,800	$386.4m5.01%	5.01%	Added +1.6m	+1,590,600 69.6%
7	MASTERCARD INCORPORATED CL A MA	MA	732,598	$376.2m4.88%	4.88%	Added +352.1k	+352,128 92.5%
8	S&P GLOBAL INC COM SPGI	SPGI	919,140	$374.3m4.86%	4.86%	Reduced -35.9k	-35,881 -3.8%
9	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	704,407	$352.5m4.57%	4.57%	Added +296.7k	+296,705 72.8%
10	MERCADOLIBRE INC COM MELI	MELI	190,098	$322.6m4.19%	4.19%	Reduced -59.4k	-59,357 -23.8%
11	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	2,070,226	$254.9m3.31%	3.31%	Added +920.2k	+920,153 80.0%
12	MICROSOFT CORP COM MSFT	MSFT	621,773	$231.9m3.01%	3.01%	Added +406.9k	+406,850 189.3%
13	AMAZON COM INC COM AMZN	AMZN	841,266	$200.5m2.60%	2.60%	Reduced -568.6k	-568,584 -40.3%
14	AMPHENOL CORP CL A APH	APH	969,763	$171.0m2.22%	2.22%	Added +300.5k	+300,527 44.9%
15	LANTHEUS HLDGS INC COM LNTH	LNTH	1,340,100	$148.7m1.93%	1.93%	Added +12.1k	+12,100 0.9%
16	ATLASSIAN CORPORATION CL A TEAM	TEAM	1,577,000	$122.7m1.59%	1.59%	Reduced -1.0m	-1,026,770 -39.4%
17	REGENERON PHARMACEUTICALS COM REGN	REGN	182,507	$113.8m1.48%	1.48%	Added +65.9k	+65,936 56.6%
18	ZOETIS INC CL A ZTS	ZTS	1,575,700	$113.2m1.47%	1.47%	New
19	EQUIFAX INC COM EFX	EFX	710,685	$112.8m1.46%	1.46%	Added +346.1k	+346,080 94.9%
20	PARKER-HANNIFIN CORP COM PH	PH	103,265	$101.0m1.31%	1.31%	Added +67.8k	+67,832 191.4%
21	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	12,219,314	$99.8m1.30%	1.30%	Added +3.6m	+3,589,092 41.6%
22	BLOCK INC CL A XYZ	XYZ	1,287,026	$97.8m1.27%	1.27%	Reduced -1.9m	-1,946,800 -60.2%
23	AIRBNB INC COM CL A ABNB	ABNB	656,570	$94.0m1.22%	1.22%	Reduced -3.0k	-3,000 -0.5%
24	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	163,045	$81.0m1.05%	1.05%	Added +14.8k	+14,846 10.0%
25	CELESTICA INC COM CLS	CLS	193,200	$70.5m0.91%	0.91%	New
26	VIPSHOP HLDGS LTD SPONSORED ADS A VIPS	VIPS	4,920,324	$65.2m0.85%	0.85%	Added +439.8k	+439,795 9.8%
27	SEA LTD SPONSORD ADS SE	SE	651,818	$62.3m0.81%	0.81%	Added +14.2k	+14,242 2.2%
28	META PLATFORMS INC CL A META	META	103,560	$58.3m0.76%	0.76%	Reduced -10.8k	-10,850 -9.5%
29	ALIGN TECHNOLOGY INC COM ALGN	ALGN	316,832	$53.5m0.69%	0.69%	Added +91.7k	+91,661 40.7%
30	DOXIMITY INC CL A DOCS	DOCS	2,355,900	$48.9m0.63%	0.63%	Reduced -2.0m	-1,956,097 -45.4%
31	GITLAB INC CLASS A COM GTLB	GTLB	1,475,612	$45.1m0.58%	0.58%	Added +528.6k	+528,612 55.8%
32	SCHLUMBERGER LTD COM STK SLB	SLB	846,192	$39.3m0.51%	0.51%	Reduced -100.0k	-100,000 -10.6%
33	VNET GROUP INC SPONSORED ADS A VNET	VNET	4,760,599	$38.1m0.49%	0.49%	Added +4.4m	+4,437,879 1375.2%
34	SERVICENOW INC COM NOW	NOW	371,803	$36.9m0.48%	0.48%	Reduced -1.1m	-1,142,046 -75.4%
35	NEUROCRINE BIOSCIENCES INC COM NBIX	NBIX	214,100	$36.1m0.47%	0.47%	Added +28.1k	+28,100 15.1%
36	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	630,700	$35.4m0.46%	0.46%	Reduced -500	-500 -0.1%
37	SPROUTS FMRS MKT INC COM SFM	SFM	375,200	$31.7m0.41%	0.41%	Reduced -323.3k	-323,270 -46.3%
38	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	168,723	$28.8m0.37%	0.37%	New
39	VESTA REAL ESTATE CORP ADS VTMX	VTMX	829,302	$28.5m0.37%	0.37%	Added +6.9k	+6,857 0.8%
40	BBB FOODS INC CL A COM TBBB	TBBB	670,106	$27.9m0.36%	0.36%	Added +563.1k	+563,141 526.5%
41	IONIS PHARMACEUTICALS INC COM IONS	IONS	321,000	$25.5m0.33%	0.33%	Added +268.0k	+268,000 505.7%
42	TENCENT MUSIC ENTMT GROUP SPON ADS TME	TME	2,903,426	$24.3m0.31%	0.31%	Added +22.3k	+22,273 0.8%
43	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	226,666	$19.6m0.26%	0.26%	Added +2.1k	+2,138 0.9%
44	GLOBE LIFE INC COM GL	GL	107,100	$19.1m0.25%	0.25%	Reduced -62.9k	-62,900 -37.0%
45	COLGATE PALMOLIVE CO COM CL	CL	199,143	$18.3m0.24%	0.24%	Reduced -37.1k	-37,059 -15.7%
46	AGNICO EAGLE MINES LTD COM AEM	AEM	113,584	$17.6m0.23%	0.23%	New
47	FRANCO NEV CORP COM FNV	FNV	83,723	$17.5m0.23%	0.23%	New
48	CHART INDS INC COM GTLS	GTLS	82,944	$17.3m0.22%	0.22%	Unchanged
49	WEBSTER FINL CORP COM WBS	WBS	222,221	$17.0m0.22%	0.22%	Added +28.2k	+28,196 14.5%
50	NEW ORIENTAL ED & TECHNOLOGY SPON ADR EDU	EDU	368,392	$16.9m0.22%	0.22%	Added +3.0k	+3,006 0.8%
51	ARISTA NETWORKS INC COM SHS ANET	ANET	72,457	$12.3m0.16%	0.16%	Reduced -674.6k	-674,569 -90.3%
52	PROCTER AND GAMBLE CO COM PG	PG	76,813	$11.3m0.15%	0.15%	Reduced -11.3k	-11,347 -12.9%
53	ELECTRONIC ARTS INC COM EA	EA	48,934	$10.0m0.13%	0.13%	Unchanged
54	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	20,956	$10.0m0.13%	0.13%	Added +19.6k	+19,584 1427.4%
55	HOME DEPOT INC COM HD	HD	26,374	$9.3m0.12%	0.12%	Reduced -4.4k	-4,360 -14.2%
56	CHURCH & DWIGHT CO INC COM CHD	CHD	90,997	$8.8m0.11%	0.11%	Reduced -6.1k	-6,089 -6.3%
57	SILICON LABORATORIES INC COM SLAB	SLAB	40,340	$8.8m0.11%	0.11%	Added +12.5k	+12,497 44.9%
58	LIVERAMP HLDGS INC COM RAMP	RAMP	234,126	$8.8m0.11%	0.11%	New
59	BIO-TECHNE CORP COM TECH	TECH	124,530	$8.8m0.11%	0.11%	New
60	KENVUE INC COM KVUE	KVUE	420,432	$8.0m0.10%	0.10%	Added +262.9k	+262,858 166.8%
61	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	15,727	$7.9m0.10%	0.10%	Reduced -101	-101 -0.6%
62	BIONTECH SE SPONSORED ADS BNTX	BNTX	79,875	$7.4m0.10%	0.10%	Reduced -32.8k	-32,836 -29.1%
63	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	276,857	$7.4m0.10%	0.10%	Added +40.5k	+40,484 17.1%
64	JANUS HENDERSON GROUP PLC ORD SHS ORD SHS		137,300	$7.1m0.09%	0.09%	Unchanged
65	ORGANON & CO COMMON STOCK OGN	OGN	448,606	$6.1m0.08%	0.08%	New
66	APOGEE THERAPEUTICS INC COM COM		44,475	$5.9m0.08%	0.08%	New
67	NUVALENT INC COM COM		47,657	$5.9m0.08%	0.08%	New
68	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		369,415	$5.8m0.08%	0.08%	Unchanged
69	ESPERION THERAPEUTICS INC NE COM ESPR	ESPR	1,659,399	$5.2m0.07%	0.07%	New
70	LEGGETT & PLATT INC COM LEG	LEG	410,119	$4.8m0.06%	0.06%	New
71	PAYONEER GLOBAL INC COM PAYO	PAYO	426,354	$3.0m0.04%	0.04%	New
72	CAESARS ENTERTAINMENT INC NE COM CZR	CZR	100,508	$3.0m0.04%	0.04%	New
73	CATALYST PHARMACEUTICALS INC COM CPRX	CPRX	95,603	$3.0m0.04%	0.04%	New
74	OPEN LENDING CORP COM LPRO	LPRO	960,179	$3.0m0.04%	0.04%	New
75	GLOBAL BUSINESS TRAVEL GROUP COM CL A COM CL A		316,463	$3.0m0.04%	0.04%	New
76	TALKSPACE INC COM TALK	TALK	556,771	$2.9m0.04%	0.04%	Added +410.1k	+410,125 279.7%
77	SELECT MED HLDGS CORP COM SEM	SEM	174,516	$2.9m0.04%	0.04%	Unchanged
78	TXNM ENERGY INC COM TXNM	TXNM	47,000	$2.7m0.03%	0.03%	Unchanged
79	OLAPLEX HLDGS INC COM OLPX	OLPX	1,252,648	$2.6m0.03%	0.03%	Added +399.4k	+399,449 46.8%
80	AVANOS MED INC COM AVNS	AVNS	89,418	$2.2m0.03%	0.03%	New
81	MAKEMYTRIP LIMITED MAURITIUS SHS MMYT	MMYT	40,452	$2.2m0.03%	0.03%	Added +10.0k	+10,024 32.9%
82	INTERNATIONAL MNY EXPRESS IN COM IMXI	IMXI	138,650	$2.0m0.03%	0.03%	Unchanged
83	CRH PLC ORD CRH	CRH	17,183	$1.8m0.02%	0.02%	New
84	QIFU TECHNOLOGY INC AMERICAN DEP QFIN	QFIN	39,081	$617.9k0.01%	0.01%	Unchanged
85	VISA INC COM CL A V	V	1,721	$590.5k0.01%	0.01%	Reduced -607	-607 -26.1%
86	DYNEX CAP INC COM DX	DX	44,846	$587.9k0.01%	0.01%	New
87	AGNC INVT CORP COM AGNC	AGNC	49,928	$544.2k0.01%	0.01%	New
88	ANNALY CAPITAL MANAGEMENT IN COM NEW NLY	NLY	23,612	$528.0k0.01%	0.01%	New
89	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	9,014	$519.4k0.01%	0.01%	New
90	EHANG HLDGS LTD ADS EH	EH	76,985	$504.3k0.01%	0.01%	Unchanged
91	GLOBALFOUNDRIES INC ORDINARY SHARES GFS	GFS	5,719	$471.3k0.01%	0.01%	New
92	PFIZER INC COM PFE	PFE	19,475	$469.0k0.01%	0.01%	New
93	APPLIED MATLS INC COM AMAT	AMAT	232	$167.7k0.00%	0.00%	New
94	CLEAR CHANNEL OUTDOOR HLDGS COM CCO	CCO	58,471	$141.5k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SALESFORCE INC CRM	CRM	974,129	$181.8m974.1k shares
BOOKING HOLDINGS INC BKNG	BKNG	368,550	$62.1m368.6k shares
WORKDAY INC WDAY	WDAY	457,500	$59.4m457.5k shares
CREDO TECHNOLOGY GROUP HOLDI CRDO	CRDO	364,500	$34.2m364.5k shares
AIR LEASE CORP AL	AL	260,168	$16.9m260.2k shares
HOLOGIC INC HOLX	HOLX	205,034	$15.5m205.0k shares
KLA CORP KLAC	KLAC	90,000	$13.3m90.0k shares
CANTALOUPE INC USAT	USAT	1,075,505	$11.6m1.1m shares
MASIMO CORP MASI	MASI	64,831	$11.5m64.8k shares
AMICUS THERAPEUTICS INC FOLD	FOLD	784,508	$11.3m784.5k shares
ONESTREAM INC OS	OS	384,893	$9.2m384.9k shares
CSG SYS INTL INC		103,097	$8.2m103.1k shares
ASTERA LABS INC ALAB	ALAB	60,000	$6.6m60.0k shares
PROASSURANCE CORP PRA	PRA	217,263	$5.4m217.3k shares
MICRON TECHNOLOGY INC MU	MU	15,000	$5.1m15.0k shares
AMERICAN WOODMARK CORPORATIO AMWD	AMWD	115,255	$4.6m115.3k shares
SEMRUSH HLDGS INC SEMR	SEMR	306,262	$3.7m306.3k shares
KEYSIGHT TECHNOLOGIES INC KEYS	KEYS	10,000	$2.8m10.0k shares
TERNS PHARMACEUTICALS INC		53,541	$2.8m53.5k shares
TWILIO INC TWLO	TWLO	20,000	$2.5m20.0k shares
PURE STORAGE INC P	P	40,000	$2.4m40.0k shares
SKYWATER TECHNOLOGY INC		84,106	$2.3m84.1k shares
ARCELLX INC ACLX	ACLX	18,925	$2.2m18.9k shares
CLEARWATER ANALYTICS HLDGS I		90,586	$2.1m90.6k shares
ON24 INC ONTF	ONTF	178,555	$1.4m178.6k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
BOSTON SCIENTIFIC CORP BSX · Call	BSX	Call	38,200	$038.2k shares	New
JPMORGAN CHASE & CO JPM · Call	JPM	Call	539,000	$0539.0k shares	New
MICROSOFT CORP MSFT · Call	MSFT	Call	8,500	$08.5k shares	Reduced
NETFLIX INC NFLX · Call	NFLX	Call	29,900	$029.9k shares	New
ANGLOGOLD ASHANTI PLC AU · Call	AU	Call	10,300	$010.3k shares	New
BITDEER TECHNOLOGIES GROUP BTDR · Call	BTDR	Call	681,600	$0681.6k shares	New