Carmignac Gestion Q3 2025 Filing

Filed November 13, 2025

Portfolio Value

$6.7T

Holdings

130

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (130 positions)

#StockSharesValue% PortfolioType
1
NVDANVIDIA CORP
3,448,254$643.3B9.59%
2
GOOGLALPHABET INC
2,333,226$567.2B8.45%
3
AMZNAMAZON.COM INC
2,070,757$452.1B6.74%Call
4
SPGIS&P GLOBAL INC
720,412$350.7B5.23%
5
MLB1MERCADOLIBRE INC
132,696$310.3B4.63%
6
ABGCENCORA INC
875,846$273.7B4.08%
7
MCKMCKESSON CORP
314,173$242.7B3.62%
8
MSFTMICROSOFT CORP
437,491$226.5B3.38%
9
METAMETA PLATFORMS INC
269,499$197.9B2.95%
10
SLBSCHLUMBERGER NV
5,746,100$197.5B2.94%
11
ICEINTERCONTINENTAL EXCHANGE INC
1,154,160$194.4B2.90%
12
NOWSERVICENOW INC
194,515$179.1B2.67%
13
APHAMPHENOL CORP
1,407,249$166.8B2.49%
14
EFXEQUIFAX INC
623,317$159.9B2.38%
15
MAMASTERCARD INC
278,412$158.4B2.36%
16
ANETARISTA NETWORKS INC
1,002,700$146.1B2.18%
17
TWTRADEWEB MARKETS INC
1,259,800$139.8B2.08%
18
XYZBLOCK INC
1,916,626$138.5B2.06%
19
VIPSVIPSHOP HOLDINGS LTD
6,518,398$127.8B1.91%
20
TMOTHERMO FISHER SCIENTIFIC INC
246,592$119.5B1.78%
21
CRMSALESFORCE INC
494,447$117.2B1.75%
22
ITUBITAU UNIBANCO HOLDING SA
11,283,185$82.8B1.23%
23
ETNEATON CORP PLC
216,700$81.1B1.21%
24
CDNSCADENCE DESIGN SYSTEMS INC
218,188$76.6B1.14%
25
LLYELI LILLY & CO
96,847$73.8B1.10%
26
VRTXVERTEX PHARMACEUTICALS INC
187,539$73.5B1.09%
27
AVGOBROADCOM INC
199,824$65.9B0.98%
28
ABNBAIRBNB INC
468,370$56.9B0.85%
29
SESEA LTD
283,455$50.7B0.76%
30
LINLINDE PLC
93,794$44.6B0.66%
31
LNTHLANTHEUS HOLDINGS INC
807,409$41.4B0.62%
32
KEYSKEYSIGHT TECHNOLOGIES INC
235,100$41.1B0.61%
33
FIXCOMFORT SYSTEMS USA INC
48,400$39.9B0.60%
34
CLSCELESTICA INC
158,000$38.9B0.58%
35
ACNACCENTURE PLC
145,554$35.9B0.53%
36
AEMAGNICO EAGLE MINES LTD
204,026$34.4B0.51%
37
ORLYO'REILLY AUTOMOTIVE INC
316,540$34.1B0.51%
38
CLCOLGATE-PALMOLIVE CO
390,528$31.2B0.47%
39
PGPROCTER & GAMBLE CO/THE
200,871$30.9B0.46%
40
AFWALIGN TECHNOLOGY INC
242,908$30.4B0.45%
41
DOCSDOXIMITY INC
415,228$30.4B0.45%
42
CNCCENTENE CORP
848,000$30.3B0.45%
43
GTLBGITLAB INC
670,000$30.2B0.45%
44
NEMNEWMONT CORP
350,639$29.6B0.44%
45
GLGLOBE LIFE INC
159,000$22.7B0.34%
46
HTHTH WORLD GROUP LTD
576,907$22.6B0.34%
47
VTMXVESTA REAL ESTATE CORP
768,515$21.7B0.32%
48
KSPIKASPI.KZ JSC
250,587$20.5B0.31%
49
SNPSSYNOPSYS INC
40,964$20.2B0.30%
50
N1UANEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC
363,289$19.3B0.29%
51
LULULULULEMON ATHLETICA INC
106,000$18.9B0.28%
52
FCXFREEPORT-MCMORAN INC
474,662$18.6B0.28%
53
CRSCARPENTER TECHNOLOGY CORP
69,000$16.9B0.25%
54
HDHOME DEPOT INC/THE
39,671$16.1B0.24%
55
MRUSMERUS NV
167,532$15.8B0.23%
56
TG7TRIUMPH GROUP INC
139,896$14.9B0.22%
57
OCOWENS CORNING
85,000$12.0B0.18%
58
TAPMOLSON COORS BEVERAGE CO
265,000$12.0B0.18%
59
WNS HOLDINGS LTD
155,639$11.9B0.18%
60
FYBRFRONTIER COMMUNICATIONS PARENT INC
290,833$10.9B0.16%
61
BNTXBIONTECH SE
106,549$10.5B0.16%
62
CTLPCANTALOUPE INC
977,158$10.3B0.15%
63
SAPSAP SE
37,500$10.0B0.15%
64
KELKELLANOVA
117,086$9.6B0.14%
65
HN9HANESBRANDS INC
1,452,361$9.6B0.14%
66
GTLSCHART INDUSTRIES INC
46,274$9.3B0.14%
67
INTUINTUIT INC
13,502$9.2B0.14%
68
INFA1EURINFORMATICA INC
368,908$9.2B0.14%
69
DHRDANAHER CORP
44,359$8.7B0.13%
70
37MMRC GLOBAL INC
551,126$7.9B0.12%
71
AMWDAMERICAN WOODMARK CORP
115,255$7.7B0.11%
72
AGIALAMOS GOLD INC
216,578$7.5B0.11%
73
75ZSOHO HOUSE & CO INC
741,722$6.6B0.10%
74
AAPLAPPLE INC
22,394$5.7B0.08%
75
FNVFRANCO-NEVADA CORP
25,135$5.6B0.08%
76
EAELECTRONIC ARTS INC
26,843$5.4B0.08%
77
KLACKLA CORP
5,000$5.4B0.08%
78
LBTYALIBERTY GLOBAL LTD
158,207$5.3B0.08%
79
PRAPROASSURANCE CORP
217,263$5.2B0.08%
80
VMEO*VIMEO INC
607,609$4.7B0.07%
81
VNETVNET GROUP INC
395,449$4.1B0.06%
82
COSTCOSTCO WHOLESALE CORP
4,245$3.9B0.06%
83
AVDXAVIDXCHANGE HOLDINGS INC
375,768$3.7B0.06%
84
GHLDGUILD HOLDINGS CO
182,235$3.6B0.05%
85
VVISA INC
10,552$3.6B0.05%
86
ESGRENSTAR GROUP LIMITED
35,000$3.5B0.05%
87
CSCOCISCO SYSTEMS INC
49,614$3.4B0.05%
88
AYS1SANDSTORM GOLD LTD
270,957$3.4B0.05%
89
TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
12,122$3.4B0.05%
90
JPMJPMORGAN CHASE & CO
9,371$3.0B0.04%
91
TEAMATLASSIAN CORP
18,000$2.9B0.04%
92
SPOTSPOTIFY TECHNOLOGY SA
3,890$2.7B0.04%
93
IASINTEGRAL AD SCIENCE HOLDING CORP
266,001$2.7B0.04%
94
TRMLTOURMALINE BIO INC
55,412$2.7B0.04%
95
PROPROS HOLDINGS INC
115,061$2.6B0.04%
96
CIOCITY OFFICE REIT INC
375,233$2.6B0.04%
97
MAC COPPER LTD
212,545$2.6B0.04%
98
TGNATEGNA INC
123,716$2.5B0.04%
99
HLTHILTON WORLDWIDE HOLDINGS INC
9,603$2.5B0.04%
100
MARMARRIOTT INTERNATIONAL INC/MD
9,530$2.5B0.04%
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