Carmignac Gestion 13F annual report

Carmignac Gestion is an investment fund managing more than $5.83 trillion ran by Olivia Vayssette. There are currently 155 companies in Mrs. Vayssette’s portfolio. The largest investments include Microsoft and Amazon.com, together worth $1.04 trillion.

$5.83 trillion Assets Under Management (AUM)

As of 6th August 2024, Carmignac Gestion’s top holding is 1,197,048 shares of Microsoft currently worth over $535 billion and making up 9.2% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Carmignac Gestion owns more than approximately 0.1% of the company. In addition, the fund holds 2,598,743 shares of Amazon.com worth $503 billion, whose value fell 1.1% in the past six months. The third-largest holding is Alphabet Inc worth $461 billion and the next is Schlumberger worth $305 billion, with 6,454,303 shares owned.

Currently, Carmignac Gestion's portfolio is worth at least $5.83 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Carmignac Gestion

The Carmignac Gestion office and employees reside in Paris, France. According to the last 13-F report filed with the SEC, Olivia Vayssette serves as the Head of Legal Affairs at Carmignac Gestion.

Recent trades

In the most recent 13F filing, Carmignac Gestion revealed that it had opened a new position in Broadcom Inc and bought 138,137 shares worth $222 billion. This means they effectively own approximately 0.1% of the company. Broadcom Inc makes up 9.7% of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Microsoft by buying 196,222 additional shares. This makes their stake in Microsoft total 1,197,048 shares worth $535 billion. Microsoft dropped approximately 0.1% in the past year.

On the other hand, there are companies that Carmignac Gestion is getting rid of from its portfolio. Carmignac Gestion closed its position in Baxter International on 13th August 2024. It sold the previously owned 4,678,605 shares for $200 billion. Olivia Vayssette also disclosed a decreased stake in S&P Global Inc by 0.2%. This leaves the value of the investment at $173 billion and 388,191 shares.

One of the largest hedge funds

The two most similar investment funds to Carmignac Gestion are Brookstone Capital Management and Bluespruce Investments, L.P.. They manage $5.85 trillion and $5.81 trillion respectively.


Olivia Vayssette investment strategy

Carmignac Gestion’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 39.1% of the total portfolio value. The fund focuses on investments in the United States as 62.6% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 54% of the total holdings value. On the other hand, small-cap stocks make up only 0.6% of the portfolio. The average market cap of the portfolio companies is close to $113 billion.

The complete list of Carmignac Gestion trades based on 13F SEC filings

These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Microsoft Corporation
19.61%
1,197,048
$535,126,200,000 9.18%
Amazon.com Inc.
14.69%
2,598,743
$502,678,097,000 8.62%
Alphabet Inc
93.41%
2,529,298
$460,718,161,000 7.90%
Schlumberger Ltd.
116.02%
6,454,303
$304,514,016,000 5.22%
NVIDIA Corp
513.76%
2,422,859
$299,591,314,000 5.14%
Broadcom Inc
Opened
138,137
$221,783,098,000 3.80%
Cencora Inc.
Opened
963,873
$217,160,587,000 3.72%
Intercontinental Exchange In
3.37%
1,467,234
$200,863,917,000 3.44%
Baxter International Inc.
Closed
4,678,605
$199,963,578,000
T-Mobile US Inc
Closed
1,207,511
$197,089,945,000
Unitedhealth Group Inc
Opened
348,152
$177,279,279,000 3.04%
S&P Global Inc
16.00%
388,191
$173,166,158,000 2.97%
Meta Platforms Inc
73.01%
297,260
$149,884,437,000 2.57%
Centene Corp.
Opened
2,246,028
$148,911,656,000 2.55%
ServiceNow Inc
3,028.00%
171,383
$134,814,529,000 2.31%
Freeport-McMoRan Inc
Closed
2,742,217
$128,939,043,000
Vipshop Holdings Ltd
205.16%
8,979,972
$116,935,827,000 2.01%
Eli Lilly & Co
71.63%
114,393
$103,573,750,000 1.78%
GE Aerospace
50.96%
649,325
$103,223,195,000 1.77%
Itau Unibanco H
19.81%
16,118,173
$94,130,130,000 1.61%
Mastercard Incorporated
49.69%
213,057
$94,004,063,000 1.61%
MercadoLibre Inc
41.35%
54,992
$90,380,349,000 1.55%
Vertex Pharmaceuticals, Inc.
Opened
185,249
$86,849,583,000 1.49%
Alibaba Group Holding Ltd
0.12%
1,101,229
$79,288,488,000 1.36%
Snap Inc
Closed
6,860,491
$78,758,437,000
Advanced Micro Devices Inc.
80.86%
443,087
$71,864,331,000 1.23%
Elevance Health Inc
Opened
122,426
$66,337,752,000 1.14%
Accenture plc
6,377.00%
217,692
$66,048,931,000 1.13%
Agnico Eagle Mines Ltd
25.28%
998,423
$65,296,864,000 1.12%
Applied Materials Inc.
96.02%
265,689
$62,699,947,000 1.08%
Parker-Hannifin Corp.
Opened
122,709
$62,067,439,000 1.06%
Linde Plc.
13.49%
115,992
$50,898,450,000 0.87%
Procter & Gamble Co/the
17.29%
282,478
$46,646,392,000 0.80%
Danaher Corp.
122.28%
186,130
$46,518,707,000 0.80%
Colgate-Palmolive Co.
15.43%
468,846
$45,565,945,000 0.78%
Thermo Fisher Scientific Inc.
20.78%
81,753
$45,196,092,000 0.78%
Walmart Inc
11.13%
640,000
$43,334,400,000 0.74%
Newmont Corp
58.49%
988,053
$41,369,779,000 0.71%
Nova Ltd
0.11%
161,189
$37,803,656,000 0.65%
MongoDB Inc
Closed
103,929
$37,273,097,000
Taiwan Semiconductor
85.81%
209,286
$36,802,840,000 0.63%
Arista Networks Inc
Opened
104,636
$36,672,825,000 0.63%
Block Inc
48.01%
480,000
$30,955,200,000 0.53%
Synopsys, Inc.
Opened
50,166
$29,851,780,000 0.51%
Ansys Inc.
17.20%
92,047
$29,594,328,000 0.51%
Tradeweb Markets Inc
10.70%
266,100
$28,206,600,000 0.48%
Jsc Kaspi.kz
Opened
200,242
$25,843,797,000 0.44%
EHang Holdings Ltd
2.87%
1,886,542
$25,619,497,000 0.44%
Sea Ltd-adr
67.99%
355,629
$25,420,299,000 0.44%
Deere & Co.
Opened
67,238
$25,122,134,000 0.43%
Capital One Financial Corp.
Closed
153,668
$22,879,629,000
Vesta Real Estate Corp
5.24%
757,430
$22,715,555,000 0.39%
Veeva Systems Inc
87.98%
115,793
$21,209,309,000 0.36%
O'reilly Automotive Inc
Opened
19,286
$20,367,173,000 0.35%
JD.com Inc
42.07%
786,329
$20,325,242,000 0.35%
Atlassian Corporation
62.70%
106,500
$18,837,720,000 0.32%
Cadence Design Sys Inc
Opened
52,269
$16,085,785,000 0.28%
Micron Technology Inc.
92.25%
119,727
$15,747,692,000 0.27%
Tricon Residential Inc
Closed
1,259,976
$14,048,732,000
Transdigm Group Incorporated
Closed
10,658
$13,126,393,000
Miniso Group Holding Ltd
39.27%
684,944
$13,061,735,000 0.22%
Stryker Corp.
67.96%
37,561
$12,782,205,000 0.22%
Intuitive Surgical Inc
10.68%
28,561
$12,707,014,000 0.22%
Estee Lauder Companies
89.60%
117,339
$12,542,740,000 0.22%
Spotify Technology Sa
Closed
46,590
$12,295,101,000
Keysight Technologies In
Opened
81,610
$11,160,168,000 0.19%
Waste Management, Inc.
11.61%
51,904
$11,073,199,000 0.19%
Oracle Corp.
2.04%
73,650
$10,390,000,000 0.18%
Tuya Inc.
4.44%
6,040,875
$10,328,077,000 0.18%
Adobe Inc
10.76%
16,799
$9,318,784,000 0.16%
Teledyne Technologies Inc
Opened
23,400
$9,078,732,000 0.16%
Intuit Inc
21.52%
13,750
$9,030,234,000 0.15%
Etsy Inc
Closed
123,938
$8,517,019,000
Align Technology, Inc.
23.99%
31,369
$7,579,861,000 0.13%
BioNTech SE
Opened
93,322
$7,499,601,000 0.13%
NextEra Energy Inc
10.80%
96,646
$6,843,503,000 0.12%
Lantheus Holdings Inc
Opened
79,800
$6,407,142,000 0.11%
Pioneer Natural Resources Co.
Closed
23,956
$6,288,450,000
Perficient Inc.
Opened
83,723
$6,261,643,000 0.11%
Hashicorp Inc
Opened
185,323
$6,243,532,000 0.11%
Nuvei Corp-subordinate Vtg
Opened
191,841
$6,211,812,000 0.11%
SP Plus Corp
Closed
116,283
$6,072,298,000
Catalent Inc.
No change
107,154
$6,025,269,000 0.10%
Doximity, Inc.
Opened
213,000
$5,957,610,000 0.10%
Cerevel Therapeutics Holding
No change
142,015
$5,806,993,000 0.10%
Equitrans Midstream Corporation
142.27%
439,842
$5,709,149,000 0.10%
Hess Corporation
No change
37,958
$5,599,564,000 0.10%
Olink Holding Ab
32.29%
218,329
$5,563,023,000 0.10%
Juniper Networks Inc
17.65%
134,225
$4,893,844,000 0.08%
Cameco Corp.
No change
97,308
$4,787,554,000 0.08%
Analog Devices Inc.
61.01%
20,651
$4,709,082,000 0.08%
Costco Wholesale Corp
47.26%
5,515
$4,687,695,000 0.08%
Alcon Inc.
Closed
56,183
$4,679,482,000
Autodesk Inc.
21.33%
18,731
$4,629,846,000 0.08%
TAL Education Group
3.44%
430,412
$4,592,496,000 0.08%
BILL Holdings Inc
87.03%
85,000
$4,472,700,000 0.08%
Apartment Income REIT Corp.
Opened
106,054
$4,148,832,000 0.07%
Powerschool Holdings Inc
Opened
185,044
$4,143,135,000 0.07%
Discover Financial Services
Opened
31,338
$4,099,324,000 0.07%
Us Silica Holdings Inc
Opened
264,218
$4,082,168,000 0.07%
TransUnion
10.95%
54,802
$4,065,090,000 0.07%
Ecolab, Inc.
No change
16,642
$3,960,796,000 0.07%
Axonics Inc
36.10%
57,176
$3,843,942,000 0.07%
Capri Holdings Ltd
Closed
81,937
$3,711,746,000
Palo Alto Networks Inc
9.69%
10,606
$3,598,402,000 0.06%
Garmin Ltd
25.46%
21,648
$3,526,892,000 0.06%
Marriott International, Inc.
32.18%
14,484
$3,501,797,000 0.06%
Bbb Foods Inc
No change
140,000
$3,340,400,000 0.06%
Salesforce Inc
95.82%
12,154
$3,119,781,000 0.05%
Enerplus Corporation
Closed
151,002
$2,968,699,000
Tencent Music Entertainm
48.89%
206,950
$2,907,648,000 0.05%
Clearside Biomedical Inc
No change
2,132,744
$2,772,567,000 0.05%
CRH Plc
15.40%
36,809
$2,759,939,000 0.05%
Hilton Worldwide Holdings In
65.11%
12,114
$2,643,275,000 0.05%
Visa Inc
111.41%
9,896
$2,597,403,000 0.04%
Transphorm Inc
Closed
513,852
$2,523,013,000
Merus Nv
7.93%
42,278
$2,504,417,000 0.04%
Cisco Systems, Inc.
114.08%
51,326
$2,438,498,000 0.04%
Daqo New Energy Corp
Opened
166,769
$2,434,827,000 0.04%
Taskus Inc
No change
180,000
$2,395,800,000 0.04%
KE Holdings Inc.
84.06%
156,841
$2,219,300,000 0.04%
Brown & Brown, Inc.
21.28%
24,805
$2,217,815,000 0.04%
TPI Composites Inc
4.87%
548,259
$2,187,553,000 0.04%
Callon Petroleum Co.
Closed
60,142
$2,150,678,000
Vizio Holding Corp.
9.16%
197,476
$2,132,741,000 0.04%
Aaron's Co Inc/the
Opened
207,205
$2,067,906,000 0.04%
New Oriental Educatio
27.92%
26,450
$2,055,959,000 0.04%
General Mills, Inc.
Closed
27,464
$1,921,656,000
Medpace Holdings Inc
16.87%
4,533
$1,866,916,000 0.03%
Southwestern Energy Company
No change
259,998
$1,749,787,000 0.03%
Coca-Cola Consolidated Inc
43.17%
1,585
$1,719,725,000 0.03%
ON Semiconductor Corp.
No change
24,350
$1,669,193,000 0.03%
Home Depot, Inc.
42.98%
4,624
$1,591,766,000 0.03%
Niu Technologies
2.06%
877,408
$1,526,690,000 0.03%
Stericycle Inc.
Opened
26,219
$1,524,110,000 0.03%
Hexcel Corp.
No change
24,157
$1,508,605,000 0.03%
Intel Corp.
Closed
33,887
$1,496,789,000
Veralto Corp
No change
15,644
$1,493,533,000 0.03%
Cintas Corporation
13.98%
2,080
$1,456,541,000 0.02%
Ww Grainger Inc
6.51%
1,358
$1,225,242,000 0.02%
Paychex Inc.
16.36%
10,090
$1,196,270,000 0.02%
Darling Ingredients Inc
No change
30,917
$1,136,200,000 0.02%
Geopark Ltd
83.58%
100,077
$1,095,843,000 0.02%
Marathon Oil Corporation
Opened
36,847
$1,056,403,000 0.02%
Wns Holdings Ltd
Opened
20,023
$1,051,208,000 0.02%
Copart, Inc.
32.04%
19,269
$1,043,609,000 0.02%
Whole Earth Brands, Inc.
No change
203,969
$989,250,000 0.02%
Neogames Sa
Closed
34,114
$987,941,000
Mastec Inc.
No change
8,960
$958,630,000 0.02%
Lennox International Inc
10.88%
1,753
$937,820,000 0.02%
Watts Water Technologies, Inc.
50.28%
4,600
$843,502,000 0.01%
Canadian Pacific Kansas City
71.65%
10,194
$802,574,000 0.01%
First Solar Inc
Opened
3,307
$745,596,000 0.01%
Albemarle Corp.
No change
7,499
$716,304,000 0.01%
Globant Sa
14.29%
4,000
$713,040,000 0.01%
Fluence Energy Inc
Opened
38,179
$662,024,000 0.01%
Apple Inc
Opened
3,000
$631,860,000 0.01%
Corcept Therapeutics Inc
13.68%
19,260
$625,757,000 0.01%
Laureate Education Inc
Opened
40,000
$597,600,000 0.01%
Nordson Corp.
12.96%
2,512
$582,633,000 0.01%
Despegar.com Corp
Opened
40,000
$529,200,000 0.01%
Qifu Technology Inc.
Closed
28,562
$526,398,000
Old Dominion Freight Line, Inc.
71.90%
2,954
$521,676,000 0.01%
NOV Inc
No change
25,000
$475,250,000 0.01%
Fortinet Inc
71.90%
5,952
$358,727,000 0.01%
SS&C Technologies Holdings Inc
71.90%
5,253
$329,206,000 0.01%
Sunrun Inc
No change
26,626
$315,784,000 0.01%
Endava Plc- Spon Adr
No change
10,000
$292,400,000 0.01%
Texas Instruments Inc.
Opened
1,437
$279,540,000 0.00%
Datadog Inc
Opened
2,000
$259,380,000 0.00%
Sunnova Energy International Inc
No change
41,999
$234,354,000 0.00%
KLA Corp.
Opened
200
$164,902,000 0.00%
Plug Power Inc
No change
67,284
$156,772,000 0.00%
Solaredge Technologies Inc
No change
5,975
$150,929,000 0.00%
Baidu Inc
No change
791
$68,406,000 0.00%
National Western Life Grou
No change
120
$59,633,000 0.00%
Daseke Inc
Closed
3,020
$25,066,000
Bristol-Myers Squibb Co.
Closed
27,804
$0
No transactions found
Showing first 500 out of 178 holdings