Fund Holdings

Carmignac Gestion

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
BERKSHIRE HATHAWAY INC0407,702+407,7020195,370,7983.00%+195,370,798
MERCADOLIBRE INC(MELI)141,373249,455+108,082284,771,222431,064,8476.62%+146,293,625
BROADCOM INC(AVGO)139,080541,651+402,57148,135,588167,447,3362.57%+119,311,748
NVIDIA CORP(NVDA)3,635,1064,566,444+931,338677,986,269796,005,23012.23%+118,018,961
BOOKING HOLDINGS INC(BKNG)014,742+14,742062,068,5370.95%+62,068,537
WORKDAY INC(WDAY)0457,500+457,500059,438,4000.91%+59,438,400
REGENERON PHARMACEUTICALS INC(REGN)49,971116,571+66,60038,575,14690,014,7741.38%+51,439,628
CENCORA INC875,0951,101,251+226,156295,571,442345,929,7075.32%+50,358,265
META PLATFORMS INC(META)44,331114,410+70,07929,262,45065,457,3931.01%+36,194,943
CREDO TECHNOLOGY GROUP HOLDING LTD
ORDINARY SHARES
0364,500+364,500034,215,6150.53%+34,215,615
PARKER-HANNIFIN CORP(PH)035,433+35,433031,721,0390.49%+31,721,039
TRADEWEB MARKETS INC(TW)2,214,4002,286,200+71,800238,136,576268,994,2924.13%+30,857,716
ROYALTY PHARMA PLC(RPRX)0631,200+631,200030,278,6640.47%+30,278,664
LANTHEUS HOLDINGS INC(LNTH)1,122,0001,328,000+206,00074,669,100100,728,8001.55%+26,059,700
TENCENT MUSIC ENTERTAINMENT GROUP(TME)105,3102,881,153+2,775,8431,846,08426,739,5310.41%+24,893,447
ITAU UNIBANCO HOLDING SA(ITUB)7,152,5858,630,222+1,477,63751,212,50972,321,2601.11%+21,108,751
AIRBNB INC468,370659,570+191,20063,567,17683,290,5001.28%+19,723,324
MASTERCARD INC(MA)299,595380,470+80,875171,083,591190,065,4072.92%+18,981,816
DOXIMITY INC(DOCS)1,893,0264,311,997+2,418,97183,831,191100,479,8421.54%+16,648,651
NEUROCRINE BIOSCIENCES INC(NBIX)63,600186,000+122,4009,020,38824,503,6400.38%+15,483,252
WEBSTER FINANCIAL CORP(WBS)0194,025+194,025013,469,2160.21%+13,469,216
KLA CORP(KLAC)09,000+9,000013,251,6900.20%+13,251,690
SPROUTS FARMERS MARKET INC(SFM)530,000698,470+168,47042,225,10053,872,9910.83%+11,647,891
MASIMO CORP064,831+64,831011,531,4900.18%+11,531,490
HOLOGIC INC56,387205,034+148,6474,200,26815,498,5200.24%+11,298,252
ONESTREAM INC
CL A
0384,893+384,89309,237,4320.14%+9,237,432
CHURCH & DWIGHT CO INC(CHD)097,086+97,08609,072,8050.14%+9,072,805
AIR LEASE CORP
CL A
125,849260,168+134,3198,083,28116,895,3100.26%+8,812,029
AMICUS THERAPEUTICS INC
COM
194,887784,508+589,6212,775,19111,343,9860.17%+8,568,795
ASTERA LABS INC(ALAB)060,000+60,00006,576,0000.10%+6,576,000
SILICON LABORATORIES INC(SLAB)027,843+27,84305,795,5200.09%+5,795,520
DIGITALBRIDGE GROUP INC(DBRG)0369,415+369,41505,696,3790.09%+5,696,379
CHART INDUSTRIES INC(GTLS)55,84282,944+27,10211,516,29617,148,6720.26%+5,632,376
MICRON TECHNOLOGY INC(MU)015,000+15,00005,067,6000.08%+5,067,600
ELECTRONIC ARTS INC(EA)28,74048,934+20,1945,872,4449,976,1750.15%+4,103,731
IONIS PHARMACEUTICALS INC(IONS)053,000+53,00003,979,7700.06%+3,979,770
BBB FOODS INC(TBBB)0106,965+106,96503,777,7440.06%+3,777,744
SEMRUSH HOLDINGS INC
CL A COM
0306,262+306,26203,656,7680.06%+3,656,768
VESTA REAL ESTATE CORP(VTMX)796,215822,445+26,23024,284,24227,404,5290.42%+3,120,287
JANUS HENDERSON GROUP PLC87,299137,300+50,0014,152,8137,053,1010.11%+2,900,288
SELECT MEDICAL HOLDINGS CORP0174,516+174,51602,842,8660.04%+2,842,866
TERNS PHARMACEUTICALS INC053,541+53,54102,822,6820.04%+2,822,682
EVERPURE INC(P)040,000+40,00002,361,6000.04%+2,361,600
SKYWATER TECHNOLOGY INC(SKYT)084,106+84,10602,305,3450.04%+2,305,345
ARCELLX INC
COMMON STOCK
018,925+18,92502,172,9690.03%+2,172,969
OLAPLEX HOLDINGS INC(OLPX)0853,199+853,19901,731,9940.03%+1,731,994
INTERNATIONAL MONEY EXPRESS INC45,802138,650+92,848703,5192,190,6700.03%+1,487,151
ON24 INC
COM
0178,555+178,55501,446,2960.02%+1,446,296
APELLIS PHARMACEUTICALS INC
COM
035,127+35,12701,413,1590.02%+1,413,159
CANTALOUPE INC977,1581,075,505+98,34710,377,41811,626,2090.18%+1,248,791
WARNER BROS DISCOVERY INC(WBD)185,955236,373+50,4185,359,2236,490,8030.10%+1,131,580
TALKSPACE INC(TALK)0146,646+146,6460758,8930.01%+758,893
SUNBELT RENTALS HOLDINGS INC(SUNB)015,591+15,5910740,5730.01%+740,573
SUNOPTA INC
COM
0113,066+113,0660732,6680.01%+732,668
SUN COUNTRY AIRLINES HOLDINGS INC030,525+30,5250504,2730.01%+504,273
CSG SYSTEMS INTERNATIONAL INC103,097103,09707,906,5098,241,5740.13%+335,065
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC(EDU)369,289365,386-3,90320,333,30720,650,4180.32%+317,111
DAY ONE BIOPHARMACEUTICALS INC
COM
013,691+13,6910293,5350.00%+293,535
CLEAR CHANNEL OUTDOOR HOLDINGS INC(CCO)058,471+58,4710138,5760.00%+138,576
PROASSURANCE CORP217,263217,26305,249,0745,370,7410.08%+121,667
ALIGN TECHNOLOGY INC246,101225,171-20,93038,449,49838,537,2670.59%+87,769
PELOTON INTERACTIVE INC(PTON)(Call)000000
EOS ENERGY ENTERPRISES INC(EOSE)(Call)000000
MICROSOFT CORP(MSFT)(Call)000000
MICRON TECHNOLOGY INC(MU)(Call)000000
BROADCOM INC(AVGO)(Call)000000
FIRSTENERGY CORP(FE)(Call)000000
META PLATFORMS INC(META)(Call)000000
NVIDIA CORP(NVDA)(Call)000000
KENVUE INC(KVUE)157,574157,57402,718,1522,716,5760.04%-1,576
TXNM ENERGY INC(TXNM)47,00047,00002,767,3602,747,6200.04%-19,740
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD(TSM)2,1001,372-728638,169463,6670.01%-174,502
WIDEOPENWEST INC40,0380-40,038208,1980-208,198
QFIN HOLDINGS INC(QFIN)39,08139,0810753,091504,5360.01%-248,555
EHANG HOLDINGS LTD76,98576,98501,014,662747,5240.01%-267,138
ANGLOGOLD ASHANTI PLC(AU)6,1220-6,122522,0840-522,084
UNITED RENTALS INC(URI)6520-652527,6770-527,677
VNET GROUP INC(VNET)394,616322,720-71,8963,338,4512,707,6210.04%-630,830
MAKEMYTRIP LTD
SHS
21,99330,428+8,4351,806,0651,134,6600.02%-671,405
CIPHER MINING INC(CIFR)47,3120-47,312698,3250-698,325
GAOTU TECHEDU INC440,9470-440,9471,022,9970-1,022,997
KASPI.KZ JSC(KSPI)228,970224,528-4,44217,901,17616,606,8790.26%-1,294,297
QUALCOMM INC(QCOM)8,0000-8,0001,368,4000-1,368,400
ALIBABA GROUP HOLDING LTD(BABA)9,5400-9,5401,398,3730-1,398,373
BANK OF AMERICA CORP26,6820-26,6821,467,5100-1,467,510
AMERICAN WOODMARK CORP115,255115,25506,212,2454,590,6070.07%-1,621,638
DYNAVAX TECHNOLOGIES CORP111,9740-111,9741,722,1600-1,722,160
ZOOM COMMUNICATIONS INC(ZM)20,0000-20,0001,725,8000-1,725,800
ADOBE INC(ADBE)5,0000-5,0001,749,9500-1,749,950
SHERWIN-WILLIAMS CO/THE(SHW)5,8140-5,8141,883,9100-1,883,910
ELI LILLY & CO(LLY)2,379584-1,7952,556,664537,1460.01%-2,019,518
YETI HOLDINGS INC(YETI)49,0100-49,0102,164,7720-2,164,772
PELOTON INTERACTIVE INC(PTON)366,4390-366,4392,257,2640-2,257,264
HILTON WORLDWIDE HOLDINGS INC(HLT)11,0452,990-8,0553,172,676909,1990.01%-2,263,477
MARRIOTT INTERNATIONAL INC/MD(MAR)10,4822,838-7,6443,251,936928,2250.01%-2,323,711
TEGNA INC123,7160-123,7162,401,3280-2,401,328
CITY OFFICE REIT INC375,2330-375,2332,622,8790-2,622,879
CASEY'S GENERAL STORES INC(CASY)4,8000-4,8002,653,0080-2,653,008
JPMORGAN CHASE & CO(JPM)11,4003,308-8,0923,673,308973,0810.01%-2,700,227
HILLENBRAND INC86,2240-86,2242,735,0250-2,735,025
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