13F HOLDINGS REPORT
Carmignac Gestion
Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0000945621-25-000748
Total Value
$6.50B
Positions
129
Other Managers
0
Confidential Omitted
No
Holdings (129)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 3,733,985 | $589.9M | 9.08% |
| 2 | AMAZON.COM INC | AMZN | 2,165,476 | $475.2M | 7.31% |
| 3 | ALPHABET INC | GOOG | 2,625,815 | $462.8M | 7.12% |
| 4 | MERCADOLIBRE INC | MELI | 136,441 | $356.5M | 5.49% |
| 5 | MCKESSON CORP | MCK | 390,112 | $285.9M | 4.40% |
| 6 | CENCORA INC | COR | 922,491 | $276.6M | 4.26% |
| 7 | S&P GLOBAL INC | SPGI | 467,109 | $246.2M | 3.79% |
| 8 | MICROSOFT CORP | MSFT | 488,624 | $243.0M | 3.74% |
| 9 | BROADCOM INC | AVGO | 833,124 | $229.7M | 3.53% |
| 10 | INTERCONTINENTAL EXCHANGE INC | 45866F104 | 1,068,406 | $196.0M | 3.02% |
| 11 | AMPHENOL CORP | 032095101 | 1,946,500 | $192.2M | 2.96% |
| 12 | THERMO FISHER SCIENTIFIC INC | TMO | 391,279 | $158.7M | 2.44% |
| 13 | META PLATFORMS INC | META | 206,490 | $152.4M | 2.35% |
| 14 | EQUIFAX INC | EFX | 581,098 | $150.7M | 2.32% |
| 15 | VIPSHOP HOLDINGS LTD | VIPS | 9,510,664 | $143.2M | 2.20% |
| 16 | BLOCK INC | BSQKZ | 2,054,026 | $139.5M | 2.15% |
| 17 | EATON CORP PLC | ETN | 381,000 | $136.0M | 2.09% |
| 18 | SERVICENOW INC | NOW | 123,415 | $126.9M | 1.95% |
| 19 | CENTENE CORP | CNC | 2,150,428 | $116.7M | 1.80% |
| 20 | CADENCE DESIGN SYSTEMS INC | CDNS | 354,026 | $109.1M | 1.68% |
| 21 | ARISTA NETWORKS INC | ANET | 1,009,500 | $103.3M | 1.59% |
| 22 | VERTEX PHARMACEUTICALS INC | VRTX | 227,296 | $101.2M | 1.56% |
| 23 | ITAU UNIBANCO HOLDING SA | 465562106 | 14,046,110 | $95.4M | 1.47% |
| 24 | SYNOPSYS INC | SNPS | 173,034 | $88.7M | 1.37% |
| 25 | TRADEWEB MARKETS INC | 892672106 | 572,900 | $83.9M | 1.29% |
| 26 | ELI LILLY & CO | LLY | 101,326 | $79.0M | 1.22% |
| 27 | COMFORT SYSTEMS USA INC | 199908104 | 130,699 | $70.1M | 1.08% |
| 28 | SALESFORCE INC | CRM | 238,050 | $64.9M | 1.00% |
| 29 | O'REILLY AUTOMOTIVE INC | 67103H107 | 636,340 | $57.4M | 0.88% |
| 30 | GE AEROSPACE | 369604301 | 205,825 | $53.0M | 0.82% |
| 31 | AIRBNB INC | ABNB | 390,970 | $51.7M | 0.80% |
| 32 | CELESTICA INC | CLS | 325,500 | $50.8M | 0.78% |
| 33 | LINDE PLC | LIN | 105,194 | $49.4M | 0.76% |
| 34 | SEA LTD | SE | 283,455 | $45.3M | 0.70% |
| 35 | KLA CORP | KLAC | 44,100 | $39.5M | 0.61% |
| 36 | NEWMONT CORP | NEMCL | 620,651 | $36.2M | 0.56% |
| 37 | KEYSIGHT TECHNOLOGIES INC | KEYS | 219,000 | $35.9M | 0.55% |
| 38 | PARKER-HANNIFIN CORP | PH | 45,009 | $31.4M | 0.48% |
| 39 | AGNICO EAGLE MINES LTD | AEM | 257,718 | $30.7M | 0.47% |
| 40 | MOLSON COORS BEVERAGE CO | TAP-A | 599,000 | $28.8M | 0.44% |
| 41 | PROCTER & GAMBLE CO/THE | 742718109 | 174,852 | $27.9M | 0.43% |
| 42 | DOXIMITY INC | DOCS | 415,228 | $25.5M | 0.39% |
| 43 | LANTHEUS HOLDINGS INC | LNTH | 297,000 | $24.3M | 0.37% |
| 44 | VESTA REAL ESTATE CORP | VTMX | 768,515 | $21.0M | 0.32% |
| 45 | H WORLD GROUP LTD | HWLDF | 576,907 | $19.6M | 0.30% |
| 46 | BIONTECH SE | BNTX | 176,351 | $18.8M | 0.29% |
| 47 | CARPENTER TECHNOLOGY CORP | CRS | 63,600 | $17.6M | 0.27% |
| 48 | HOME DEPOT INC/THE | HD | 45,328 | $16.6M | 0.26% |
| 49 | LULULEMON ATHLETICA INC | LULU | 69,000 | $16.4M | 0.25% |
| 50 | KASPI.KZ JSC | 48581R205 | 184,030 | $15.6M | 0.24% |
| 51 | DANAHER CORP | 235851102 | 76,055 | $15.0M | 0.23% |
| 52 | NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC | 647581206 | 265,333 | $14.3M | 0.22% |
| 53 | ORACLE CORP | ORCL-PD | 55,808 | $12.1M | 0.19% |
| 54 | ANSYS INC | 03662Q105 | 32,796 | $11.5M | 0.18% |
| 55 | MERUS NV | N5749R100 | 214,722 | $11.3M | 0.17% |
| 56 | DUN & BRADSTREET HOLDINGS INC | 26484T106 | 1,205,784 | $11.0M | 0.17% |
| 57 | FRONTIER COMMUNICATIONS PARENT INC | 35909D109 | 290,833 | $10.6M | 0.16% |
| 58 | INTUIT INC | INTU | 13,042 | $10.3M | 0.16% |
| 59 | ALIGN TECHNOLOGY INC | ALGN | 52,453 | $9.9M | 0.15% |
| 60 | ENSTAR GROUP LTD | G3075P101 | 28,589 | $9.6M | 0.15% |
| 61 | CHAMPIONX CORP | 15872M104 | 378,880 | $9.4M | 0.14% |
| 62 | GLOBE LIFE INC | GL-PD | 74,000 | $9.2M | 0.14% |
| 63 | ACCENTURE PLC | ACN | 30,366 | $9.1M | 0.14% |
| 64 | ADOBE INC | ADBE | 20,062 | $7.8M | 0.12% |
| 65 | STRYKER CORP | SYK | 19,556 | $7.7M | 0.12% |
| 66 | FARO TECHNOLOGIES INC | 311642AB8 | 171,287 | $7.5M | 0.12% |
| 67 | BLUEPRINT MEDICINES CORP | 09627Y109 | 54,676 | $7.0M | 0.11% |
| 68 | SPRINGWORKS THERAPEUTICS INC | 85205L107 | 148,806 | $7.0M | 0.11% |
| 69 | INTUITIVE SURGICAL INC | ISRG | 12,103 | $6.6M | 0.10% |
| 70 | APPLE INC | AAPL | 28,190 | $5.8M | 0.09% |
| 71 | CISCO SYSTEMS INC | CSCO | 81,368 | $5.6M | 0.09% |
| 72 | TUYA INC | TUYA | 2,180,501 | $5.0M | 0.08% |
| 73 | COSTCO WHOLESALE CORP | 22160K105 | 5,000 | $4.9M | 0.08% |
| 74 | WALGREENS BOOTS ALLIANCE INC | 931427108 | 414,681 | $4.8M | 0.07% |
| 75 | INFORMATICA INC | 45674M101 | 194,672 | $4.7M | 0.07% |
| 76 | E2OPEN PARENT HOLDINGS INC | 29788T103 | 1,441,686 | $4.7M | 0.07% |
| 77 | RADIUS RECYCLING INC | 806882106 | 156,757 | $4.7M | 0.07% |
| 78 | GLOBAL BLUE GROUP HOLDING AG | H33700107 | 603,472 | $4.5M | 0.07% |
| 79 | VISA INC | V | 12,429 | $4.4M | 0.07% |
| 80 | ALAMOS GOLD INC | AGI | 157,543 | $4.2M | 0.06% |
| 81 | GRUPO FINANCIERO GALICIA SA | GGAL | 77,070 | $3.9M | 0.06% |
| 82 | CANTALOUPE INC | CTLPP | 326,466 | $3.6M | 0.06% |
| 83 | INTERPUBLIC GROUP OF COS INC/THE | INTR | 141,766 | $3.5M | 0.05% |
| 84 | JUNIPER NETWORKS INC | 48203R104 | 83,454 | $3.3M | 0.05% |
| 85 | JPMORGAN CHASE & CO | VYLD | 11,057 | $3.2M | 0.05% |
| 86 | FRANCO-NEVADA CORP | FNV | 19,550 | $3.2M | 0.05% |
| 87 | MARRIOTT INTERNATIONAL INC/MD | 571903202 | 11,225 | $3.1M | 0.05% |
| 88 | HILTON WORLDWIDE HOLDINGS INC | HLT | 11,311 | $3.0M | 0.05% |
| 89 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 874039100 | 12,775 | $2.9M | 0.04% |
| 90 | TASKUS INC | TASK | 171,507 | $2.9M | 0.04% |
| 91 | TENCENT MUSIC ENTERTAINMENT GROUP | XHLD | 137,269 | $2.7M | 0.04% |
| 92 | SHERWIN-WILLIAMS CO/THE | SHW | 7,632 | $2.6M | 0.04% |
| 93 | GUILD HOLDINGS CO | 40172N107 | 119,606 | $2.4M | 0.04% |
| 94 | ASTERA LABS INC | ALAB | 26,000 | $2.4M | 0.04% |
| 95 | TRIUMPH GROUP INC | 896818101 | 89,818 | $2.3M | 0.04% |
| 96 | PROASSURANCE CORP | PRA | 99,759 | $2.3M | 0.04% |
| 97 | SKECHERS USA INC | 830566105 | 33,786 | $2.1M | 0.03% |
| 98 | AVIDXCHANGE HOLDINGS INC | 05368X102 | 214,818 | $2.1M | 0.03% |
| 99 | VNET GROUP INC | VNET | 291,452 | $2.0M | 0.03% |
| 100 | VIGIL NEUROSCIENCE INC | 92673K108 | 241,755 | $1.9M | 0.03% |
| 101 | EHANG HOLDINGS LTD | EH | 106,479 | $1.8M | 0.03% |
| 102 | YETI HOLDINGS INC | YETI | 58,227 | $1.8M | 0.03% |
| 103 | VERTIV HOLDINGS CO | VRT | 10,000 | $1.3M | 0.02% |
| 104 | CLEARSIDE BIOMEDICAL INC | CLSDQ | 1,508,342 | $1.2M | 0.02% |
| 105 | MRC GLOBAL INC | 55345K103 | 83,408 | $1.1M | 0.02% |
| 106 | LAUREATE EDUCATION INC | LAUR | 40,000 | $935,200 | 0.01% |
| 107 | BRIDGE INVESTMENT GROUP HOLDINGS INC | 10806B100 | 88,805 | $888,938 | 0.01% |
| 108 | SURMODICS INC | 868873100 | 27,622 | $820,650 | 0.01% |
| 109 | GAOTU TECHEDU INC | GOTU | 209,068 | $754,735 | 0.01% |
| 110 | WNS HOLDINGS LTD | G98196101 | 10,000 | $632,400 | 0.01% |
| 111 | KT CORP | KT | 30,000 | $623,400 | 0.01% |
| 112 | DATADOG INC | DDOG | 3,822 | $513,409 | 0.01% |
| 113 | CUREVAC NV | N2451R105 | 86,612 | $470,303 | 0.01% |
| 114 | SPOTIFY TECHNOLOGY SA | SPOT | 608 | $466,543 | 0.01% |
| 115 | DELL TECHNOLOGIES INC | DELL | 3,385 | $415,001 | 0.01% |
| 116 | VEEVA SYSTEMS INC | VEEV | 1,300 | $374,374 | 0.01% |
| 117 | GLOBANT SA | GLOB | 4,000 | $363,360 | 0.01% |
| 118 | RENEW ENERGY GLOBAL PLC | RNWWW | 50,000 | $345,500 | 0.01% |
| 119 | REDFIN CORP | 75737F108 | 26,818 | $300,093 | 0.00% |
| 120 | INTERACTIVE BROKERS GROUP INC | 45841N107 | 4,514 | $250,234 | 0.00% |
| 121 | GARMIN LTD | GRMN | 800 | $166,976 | 0.00% |
| 122 | TESLA INC | TSLA | 500 | $158,830 | 0.00% |
| 123 | NIKE INC | NKE | 632,200 | $44,911 | 0.00% |
| 124 | ROBLOX CORP | RBLX | 18,900 | $5,896 | 0.00% |
| 125 | MASTERCARD INC | MA | 6,700 | $3,765 | 0.00% |
| 126 | NVIDIA CORP | NVDA | 20,600 | $3,255 | 0.00% |
| 127 | ALPHABET INC | GOOG | 11,400 | $2,009 | 0.00% |
| 128 | ARCHER AVIATION INC | ACHR-WT | 95,100 | $1,032 | 0.00% |
| 129 | UNITEDHEALTH GROUP INC | UNH | 2,200 | $686 | 0.00% |