Carmignac Gestion AEM — AGNICO EAGLE MINES LTD

Ownership history in Carmignac Gestion  ·  31 quarters on record

AI Ownership Summary

Carmignac Gestion reported AGNICO EAGLE MINES LTD (AEM) in 31 quarterly 13F filings from 2023 Q4 through 2025 Q4. Peak portfolio weight reached 1.78% in 2023 Q4. The latest visible filing shows AEM at 0.62% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this AEM ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Carmignac Gestion's position in AGNICO EAGLE MINES LTD, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

AEM was reported at 0.62% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
1.78% in 2023 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

AEM stock page Carmignac Gestion fund profile Carmignac Gestion full holdings
How Carmignac Gestion held AEM — position size vs. price
% of Fund (quarterly)    AEM price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 9 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 ADDED — — — 268,511 +64,485 +31.6% 0.62% $45.5M 2026-02-14 (Est.) $216.20
2025 Q3 REDUCED 20.8% +1.9% ❌ 204,026 -53,692 -20.8% 0.51% $34.4M 2025-11-13 $168.18
2025 Q2 REDUCED 24.5% +40.6% ❌ 257,718 -83,829 -24.5% 0.47% $30.7M 2025-08-13 $132.78
2025 Q1 REDUCED 15.1% +10.1% ❌ 341,547 -60,659 -15.1% 0.61% $37.0M 2025-05-14 $103.71
2024 Q4 REDUCED 49.9% +39.2% ❌ 402,206 -400,606 -49.9% 0.50% $31.5M 2025-02-13 $99.36
2024 Q3 REDUCED 19.6% -2.9% ✅ 802,812 -195,611 -19.6% 1.08% $64.7M 2024-11-13 $74.54
2024 Q2 REDUCED 25.3% +23.8% ❌ 998,423 -337,803 -25.3% 1.12% $65.3M 2024-08-13 $75.66
2024 Q1 REDUCED 31.0% +9.7% ❌ 1,336,226 -601,202 -31.0% 1.26% $79.7M 2024-05-14 $66.61
2023 Q4 ADDED — — — 1,937,428 +15,970 +0.8% 1.78% $106.3M 2024-02-13 $43.29
22 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding AEM

As of 2026 Q1 — sorted by position size

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 10.72% Drummond Knight Asset Management Pty Ltd 10.13% Steadtrust LLC 8.45% Kercheville Advisors, LLC 3Y 6.72% HATCH COVE CAPITAL, LLC 6.3% KLEIN PAVLIS & PEASLEY FINANCIAL, INC. 6.04% Grand Central Investment Group 3Y 5.38% KEATING INVESTMENT COUNSELORS INC 3Y 7Y 5.03% Addenda Capital Inc. 3Y 7Y 5.0% CHELSEA COUNSEL CO 3Y 7Y 4.81%

FAQ About Carmignac Gestion and AEM

These are the practical questions this page is built to answer before you even open the full history table.

How long has Carmignac Gestion reported owning AEM?

Carmignac Gestion reported AEM across 9 quarterly 13F filings, from 2023 Q4 through 2025 Q4.

What was the largest reported AEM position in Carmignac Gestion's portfolio?

The largest reported portfolio weight for AEM was 1.78% in 2023 Q4.

What is the latest reported AEM position on this page?

The most recent filing on this page is 2025 Q4, when Carmignac Gestion reported 268,511 shares, equal to 0.62% of portfolio, with an estimated market value of $45.5M.

What does the chart on this AEM ownership page compare?

The chart compares Carmignac Gestion's quarterly AEM portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Carmignac Gestion time their AEM position?

Based on 13F filing dates vs. subsequent AEM price moves, Carmignac Gestion correctly timed 11 out of 26 reported position changes (42%). The annualised alpha on AEM relative to SPY over the holding period was +12.5%.

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