Filed: 11/13/2025ACC: 0000945621-25-001089
📋 What this filing means
CARMIGNAC GESTION filed this quarterly 13F‑HR report disclosing 132 equity positions with a total reported market value of $6.71B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
132
Positions
$6.71B
Total AUM (reported)
65.82M
Total Shares
Allocation by class
COM$4.22B62.9%
CL A$840.80M12.5%
CAP STK CL A$567.22M8.5%
SHS$279.03M4.2%
COM STK$197.49M2.9%
SPONSORED ADS A$131.93M2.0%
SPON ADR REP PFD$102.11M1.5%
Portfolio Concentration
Top 3$1.66B24.8%
4–10$1.80B26.8%
11–25$1.96B29.2%
Rest$1.29B19.2%
Top 3 weight
24.8%
Top 10 weight
51.6%
Voting Authority Distribution
Total shares with voting rights: 65.82M
Sole
Full voting authority
65.82M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole132
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings132
Rows:
NVIDIA CORP
SOLEShares3.45M
TypeSH
Market value$643.26M
9.59%
Sole
3.45M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares2.33M
TypeSH
Market value$567.22M
8.45%
Sole
2.33M
Shared
0.00
None
0.00
AMAZON.COM INC
SOLEShares2.06M
TypeSH
Market value$452.12M
6.74%
Sole
2.06M
Shared
0.00
None
0.00
S&P GLOBAL INC
SOLEShares720.41K
TypeSH
Market value$350.67M
5.23%
Sole
720.41K
Shared
0.00
None
0.00
MERCADOLIBRE INC
SOLEShares132.70K
TypeSH
Market value$310.33M
4.63%
Sole
132.70K
Shared
0.00
None
0.00
CENCORA INC
SOLEShares875.85K
TypeSH
Market value$273.71M
4.08%
Sole
875.85K
Shared
0.00
None
0.00
MCKESSON CORP
SOLEShares314.17K
TypeSH
Market value$242.70M
3.62%
Sole
314.17K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares437.49K
TypeSH
Market value$226.53M
3.38%
Sole
437.49K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares269.50K
TypeSH
Market value$197.91M
2.95%
Sole
269.50K
Shared
0.00
None
0.00
SCHLUMBERGER NV
SOLEShares5.75M
TypeSH
Market value$197.49M
2.94%
Sole
5.75M
Shared
0.00
None
0.00
INTERCONTINENTAL EXCHANGE INC
SOLEShares1.15M
TypeSH
Market value$194.44M
2.90%
Sole
1.15M
Shared
0.00
None
0.00
SERVICENOW INC
SOLEShares194.51K
TypeSH
Market value$179.07M
2.67%
Sole
194.51K
Shared
0.00
None
0.00
AMPHENOL CORP
SOLEShares1.41M
TypeSH
Market value$166.84M
2.49%
Sole
1.41M
Shared
0.00
None
0.00
EQUIFAX INC
SOLEShares623.32K
TypeSH
Market value$159.89M
2.38%
Sole
623.32K
Shared
0.00
None
0.00
MASTERCARD INC
SOLEShares278.41K
TypeSH
Market value$158.36M
2.36%
Sole
278.41K
Shared
0.00
None
0.00
ARISTA NETWORKS INC
SOLEShares1M
TypeSH
Market value$146.10M
2.18%
Sole
1M
Shared
0.00
None
0.00
TRADEWEB MARKETS INC
SOLEShares1.26M
TypeSH
Market value$139.81M
2.08%
Sole
1.26M
Shared
0.00
None
0.00
BLOCK INC
SOLEShares1.92M
TypeSH
Market value$138.51M
2.06%
Sole
1.92M
Shared
0.00
None
0.00
VIPSHOP HOLDINGS LTD
SOLEShares6.52M
TypeSH
Market value$127.85M
1.91%
Sole
6.52M
Shared
0.00
None
0.00
THERMO FISHER SCIENTIFIC INC
SOLEShares246.59K
TypeSH
Market value$119.53M
1.78%
Sole
246.59K
Shared
0.00
None
0.00
SALESFORCE INC
SOLEShares494.45K
TypeSH
Market value$117.18M
1.75%
Sole
494.45K
Shared
0.00
None
0.00
ITAU UNIBANCO HOLDING SA
SOLEShares11.28M
TypeSH
Market value$82.82M
1.23%
Sole
11.28M
Shared
0.00
None
0.00
EATON CORP PLC
SOLEShares216.70K
TypeSH
Market value$81.10M
1.21%
Sole
216.70K
Shared
0.00
None
0.00
CADENCE DESIGN SYSTEMS INC
SOLEShares218.19K
TypeSH
Market value$76.63M
1.14%
Sole
218.19K
Shared
0.00
None
0.00
ELI LILLY & CO
SOLEShares96.85K
TypeSH
Market value$73.84M
1.10%
Sole
96.85K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPSOLE | COM | 3.45M | SH | $643.26M 9.59% | 3.45M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 2.33M | SH | $567.22M 8.45% | 2.33M | 0.00 | 0.00 |
AMAZON.COM INCSOLE | COM | 2.06M | SH | $452.12M 6.74% | 2.06M | 0.00 | 0.00 |
S&P GLOBAL INCSOLE | COM | 720.41K | SH | $350.67M 5.23% | 720.41K | 0.00 | 0.00 |
MERCADOLIBRE INCSOLE | COM | 132.70K | SH | $310.33M 4.63% | 132.70K | 0.00 | 0.00 |
CENCORA INCSOLE | COM | 875.85K | SH | $273.71M 4.08% | 875.85K | 0.00 | 0.00 |
MCKESSON CORPSOLE | COM | 314.17K | SH | $242.70M 3.62% | 314.17K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 437.49K | SH | $226.53M 3.38% | 437.49K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 269.50K | SH | $197.91M 2.95% | 269.50K | 0.00 | 0.00 |
SCHLUMBERGER NVSOLE | COM STK | 5.75M | SH | $197.49M 2.94% | 5.75M | 0.00 | 0.00 |
INTERCONTINENTAL EXCHANGE INCSOLE | COM | 1.15M | SH | $194.44M 2.90% | 1.15M | 0.00 | 0.00 |
SERVICENOW INCSOLE | COM | 194.51K | SH | $179.07M 2.67% | 194.51K | 0.00 | 0.00 |
AMPHENOL CORPSOLE | CL A | 1.41M | SH | $166.84M 2.49% | 1.41M | 0.00 | 0.00 |
EQUIFAX INCSOLE | COM | 623.32K | SH | $159.89M 2.38% | 623.32K | 0.00 | 0.00 |
MASTERCARD INCSOLE | CL A | 278.41K | SH | $158.36M 2.36% | 278.41K | 0.00 | 0.00 |
ARISTA NETWORKS INCSOLE | SHS | 1M | SH | $146.10M 2.18% | 1M | 0.00 | 0.00 |
TRADEWEB MARKETS INCSOLE | CL A | 1.26M | SH | $139.81M 2.08% | 1.26M | 0.00 | 0.00 |
BLOCK INCSOLE | CL A | 1.92M | SH | $138.51M 2.06% | 1.92M | 0.00 | 0.00 |
VIPSHOP HOLDINGS LTDSOLE | SPONSORED ADS A | 6.52M | SH | $127.85M 1.91% | 6.52M | 0.00 | 0.00 |
THERMO FISHER SCIENTIFIC INCSOLE | COM | 246.59K | SH | $119.53M 1.78% | 246.59K | 0.00 | 0.00 |
SALESFORCE INCSOLE | COM | 494.45K | SH | $117.18M 1.75% | 494.45K | 0.00 | 0.00 |
ITAU UNIBANCO HOLDING SASOLE | SPON ADR REP PFD | 11.28M | SH | $82.82M 1.23% | 11.28M | 0.00 | 0.00 |
EATON CORP PLCSOLE | SHS | 216.70K | SH | $81.10M 1.21% | 216.70K | 0.00 | 0.00 |
CADENCE DESIGN SYSTEMS INCSOLE | COM | 218.19K | SH | $76.63M 1.14% | 218.19K | 0.00 | 0.00 |
ELI LILLY & COSOLE | COM | 96.85K | SH | $73.84M 1.10% | 96.85K | 0.00 | 0.00 |
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