AI Portfolio Summary
In 2025 Q4, Carmignac Gestion maintained a portfolio of 170 distinct positions. The most significant new addition to the portfolio was NOVO NORDISK A/S, which now represents 0.69% of the total fund value. They heavily accumulated shares in NVIDIA CORP, increasing their position by 5.4%. The fund also reduced its exposure to META PLATFORMS INC by 83.6%.
Total Positions
170
Quarter
2025 Q4
Top Holding
NVDA (9.2%)
Top 10 Concentration
51.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 170
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
NVDA
NVIDIA CORP
|
Technology | 9.17% | 9.59% |
#1
Prev: #1
|
7.7 | 186,852 | 5.4% |
P
S
|
3,635,106 | $677,986,269 | 2017 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSFT
MICROSOFT CORP
|
Technology | 6.94% | 3.38% |
#2
6
Prev: #8
|
7.3 | 623,662 | 142.6% |
P
S
|
1,061,153 | $513,277,541 | 2012 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 6.11% | 5.23% |
#3
1
Prev: #4
|
5.9 | 144,428 | 20.0% |
P
S
|
864,840 | $452,004,063 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 5.70% | 8.45% |
#4
2
Prev: #2
|
2.8 | -986,120 | -42.3% |
P
S
|
1,347,106 | $421,653,343 | 2015 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON.COM INC
|
Consumer Cyclical | 4.93% | 6.74% |
#5
2
Prev: #3
|
2.5 | -481,018 | -23.4% |
P
S
|
1,577,739 | $364,199,461 | 2015 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COR
CENCORA INC
|
Healthcare | 4.00% | 4.08% |
#6
Prev: #6
|
2.1 | -751 | -0.1% |
P
S
|
875,095 | $295,571,442 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MCK
MCKESSON CORP
|
Healthcare | 3.98% | 3.62% |
#7
Prev: #7
|
3.6 | 44,362 | 14.1% |
P
S
|
358,535 | $294,112,707 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MELI
MERCADOLIBRE IN...
|
Consumer Cyclical | 3.85% | 4.63% |
#8
3
Prev: #5
|
3.5 | 8,677 | 6.5% |
P
S
|
141,373 | $284,771,222 | 2014 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRM
SALESFORCE INC
|
Technology | 3.61% | 1.75% |
#9
12
Prev: #21
|
4.4 | 513,704 | 103.9% |
P
S
|
1,008,151 | $267,071,874 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NOW
SERVICENOW INC
|
Technology | 3.59% | 2.67% |
#10
2
Prev: #12
|
4.4 | 1,540,410 | 791.9% |
P
S
|
1,734,925 | $265,792,872 | 2015 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TW
TRADEWEB MARKET...
|
Financial Services | 3.22% | 2.08% |
#11
6
Prev: #17
|
4.3 | 954,600 | 75.8% |
P
S
|
2,214,400 | $238,136,576 | 2019 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ICE
INTERCONTINENTA...
|
Financial Services | 3.01% | 2.90% |
#12
1
Prev: #11
|
3.2 | 221,400 | 19.2% |
P
S
|
1,375,560 | $222,813,335 | 2012 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XYZ
BLOCK INC
|
Technology | 3.01% | 2.06% |
#13
5
Prev: #18
|
4.2 | 1,501,200 | 78.3% |
P
S
|
3,417,826 | $222,466,294 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TEAM
ATLASSIAN CORP
|
Technology | 2.65% | 0.04% |
#14
77
Prev: #91
|
4.1 | 1,188,368 | 6602.0% |
P
S
|
1,206,368 | $195,600,507 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SLB
SLB LTD
|
Energy | 2.42% | 2.94% |
#15
5
Prev: #10
|
1.5 | -1,076,644 | -18.7% |
P
S
|
4,669,456 | $179,213,721 | 2012 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MA
MASTERCARD INC
|
Financial Services | 2.31% | 2.36% |
#16
1
Prev: #15
|
2.9 | 21,183 | 7.6% |
P
S
|
299,595 | $171,083,591 | 2014 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EFX
EQUIFAX INC
|
Industrials | 2.20% | 2.38% |
#17
3
Prev: #14
|
3.4 | 126,698 | 20.3% |
P
S
|
750,015 | $162,801,302 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APH
AMPHENOL CORP
|
Technology | 2.18% | 2.49% |
#18
5
Prev: #13
|
1.4 | -213,049 | -15.1% |
P
S
|
1,194,200 | $161,384,188 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ANET
ARISTA NETWORKS...
|
Technology | 1.94% | 2.18% |
#19
3
Prev: #16
|
2.8 | 91,084 | 9.1% |
P
S
|
1,093,784 | $143,333,384 | 2019 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ACN
ACCENTURE PLC
|
Technology | 1.93% | 0.53% |
#20
15
Prev: #35
|
3.8 | 386,487 | 265.5% |
P
S
|
532,041 | $142,746,600 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CL
COLGATE-PALMOLI...
|
Consumer Defensive | 1.23% | 0.47% |
#21
17
Prev: #38
|
3.5 | 762,863 | 195.3% |
P
S
|
1,153,391 | $91,177,794 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VRTX
VERTEX PHARMACE...
|
Healthcare | 1.17% | 1.09% |
#22
4
Prev: #26
|
1.0 | 4,032 | 2.1% |
P
S
|
191,571 | $86,854,198 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DOCS
DOXIMITY INC
|
Healthcare | 1.13% | 0.45% |
#23
18
Prev: #41
|
3.5 | 1,477,798 | 355.9% |
P
S
|
1,893,026 | $83,831,191 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TMO
THERMO FISHER S...
|
Healthcare | 1.10% | 1.78% |
#24
4
Prev: #20
|
0.4 | -106,555 | -43.2% |
P
S
|
140,037 | $81,155,539 | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LNTH
LANTHEUS HOLDIN...
|
Healthcare | 1.01% | 0.62% |
#25
6
Prev: #31
|
2.9 | 314,591 | 39.0% |
P
S
|
1,122,000 | $74,669,100 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VIPS
VIPSHOP HOLDING...
|
Consumer Cyclical | 1.00% | 1.91% |
#26
7
Prev: #19
|
0.4 | -2,357,244 | -36.2% |
P
S
|
4,161,154 | $73,678,165 | 2017 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SE
SEA LTD
|
Consumer Cyclical | 0.89% | 0.76% |
#27
2
Prev: #29
|
3.4 | 232,971 | 82.2% |
P
S
|
516,426 | $65,901,219 | 2017 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ABNB
AIRBNB INC
|
Consumer Cyclical | 0.86% | 0.85% |
#28
Prev: #28
|
1.3 | no change | no change |
P
S
|
468,370 | $63,567,176 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ITUB
ITAU UNIBANCO H...
|
Preferred | 0.69% | 1.23% |
#29
7
Prev: #22
|
0.3 | -4,130,600 | -36.6% |
P
S
|
7,152,585 | $51,212,509 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVO
NOVO NORDISK A/...
|
Healthcare | 0.69% | — |
#30
Prev: #—
|
3.8 | 1,003,300 | no change |
NEW
|
1,003,300 | $51,047,904 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PG
PROCTER & GAMBL...
|
Consumer Defensive | 0.67% | 0.46% |
#31
8
Prev: #39
|
3.3 | 145,621 | 72.5% |
P
S
|
346,492 | $49,684,353 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GTLB
GITLAB INC
|
Technology | 0.66% | 0.45% |
#32
11
Prev: #43
|
3.3 | 640,000 | 95.5% |
P
S
|
1,310,000 | $49,164,300 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AVGO
BROADCOM INC
|
Technology | 0.65% | 0.98% |
#33
6
Prev: #27
|
0.3 | -60,744 | -30.4% |
P
S
|
139,080 | $48,135,588 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FNV
FRANCO-NEVADA C...
|
Basic Materials | 0.63% | 0.08% |
#34
41
Prev: #75
|
3.3 | 200,376 | 797.2% |
P
S
|
225,511 | $46,743,920 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AEM
AGNICO EAGLE MI...
|
Basic Materials | 0.62% | 0.51% |
#35
1
Prev: #36
|
2.7 | 64,485 | 31.6% |
P
S
|
268,511 | $45,520,670 | 2018 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KEYS
KEYSIGHT TECHNO...
|
Technology | 0.59% | 0.61% |
#36
4
Prev: #32
|
0.7 | -22,100 | -9.4% |
P
S
|
213,000 | $43,279,470 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SFM
SPROUTS FARMERS...
|
Consumer Defensive | 0.57% | — |
#37
Prev: #—
|
3.7 | 530,000 | no change |
NEW
|
530,000 | $42,225,100 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
REGN
REGENERON PHARM...
|
Healthcare | 0.52% | — |
#38
Prev: #—
|
3.7 | 49,971 | no change |
NEW
|
49,971 | $38,575,146 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALGN
ALIGN TECHNOLOG...
|
Healthcare | 0.52% | 0.45% |
#39
1
Prev: #40
|
0.7 | 3,193 | 1.3% |
P
S
|
246,101 | $38,449,498 | 2019 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NFLX
NETFLIX INC
|
ETF | 0.51% | — |
#40
Prev: #—
|
3.7 | 398,362 | no change |
NEW
|
398,362 | $37,350,421 | 2018 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GL
GLOBE LIFE INC
|
Financial Services | 0.50% | 0.34% |
#41
4
Prev: #45
|
3.2 | 106,000 | 66.7% |
P
S
|
265,000 | $37,062,900 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
META
META PLATFORMS ...
|
Communication Services | 0.40% | 2.95% |
#42
33
Prev: #9
|
0.2 | -225,168 | -83.6% |
P
S
|
44,331 | $29,262,450 | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NEM
NEWMONT CORP
|
Basic Materials | 0.36% | 0.44% |
#43
1
Prev: #44
|
0.1 | -82,505 | -23.5% |
P
S
|
268,134 | $26,773,180 | 2015 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VTMX
VESTA REAL ESTA...
|
Real Estate | 0.33% | 0.32% |
#44
3
Prev: #47
|
0.6 | 27,700 | 3.6% |
P
S
|
796,215 | $24,284,242 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HTHT
H WORLD GROUP L...
|
Consumer Cyclical | 0.30% | 0.34% |
#45
1
Prev: #46
|
0.6 | -107,306 | -18.6% |
P
S
|
469,601 | $22,092,205 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KMB
KIMBERLY-CLARK ...
|
Consumer Defensive | 0.28% | — |
#46
Prev: #—
|
3.6 | 203,068 | no change |
NEW
|
203,068 | $20,487,531 | 2022 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EDU
NEW ORIENTAL ED...
|
Consumer Defensive | 0.28% | 0.29% |
#47
3
Prev: #50
|
0.6 | 6,000 | 1.7% |
P
S
|
369,289 | $20,333,307 | 2022 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FCX
FREEPORT-MCMORA...
|
Basic Materials | 0.26% | 0.28% |
#48
4
Prev: #52
|
0.6 | -90,158 | -19.0% |
P
S
|
384,504 | $19,528,958 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KSPI
KASPI.KZ JSC
|
Technology | 0.24% | 0.31% |
#49
1
Prev: #48
|
0.6 | -21,617 | -8.6% |
P
S
|
228,970 | $17,901,176 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LULU
LULULEMON ATHLE...
|
Consumer Cyclical | 0.21% | 0.28% |
#50
1
Prev: #51
|
0.1 | -31,700 | -29.9% |
P
S
|
74,300 | $15,440,283 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 170 holdings