Holdings of Carmignac Portfolio Emerging Patrimoine
Carmignac Gestion Luxembourg S.A. · 77 declared positions · as of Dec 31, 2025
Fund report · Net assets 316.9M € · Ten largest lines: 39.5 % of net assets
Country breakdown
- Taiwan 11.1 %
- South Korea 10.8 %
- China 9.0 %
- Brazil 6.5 %
- Hungary 6.2 %
- South Africa 6.1 %
- Poland 5.9 %
- India 5.2 %
- Mexico 5.2 %
- Egypt 3.8 %
- Ivory coast 3.7 %
- Others 26.9 %
Countries from the fund report. Weights in % of net assets.
Currency breakdown
- USD 24.7 %
- EUR 15.3 %
- TWD 11.1 %
- KRW 10.8 %
- PLN 5.9 %
- BRL 5.8 %
- INR 5.2 %
- ZAR 5.0 %
- HKD 4.4 %
- PEN 2.9 %
- HUF 2.3 %
- Others 6.6 %
The quoted currency of each line, as declared.
Positions
| Rank | Company | Currency | Shares | Value | Weight |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFAC Taiwan | TWD | 716,537 | 30.1M € | 9.50 % |
| 2 | REPUBLIC OF POLAND GOVERNMENT BOND 2.0% 25-08-36 Poland | PLN | 69,193,000 | 16M € | 5.06 % |
| 3 | SK HYNIX INC South Korea | KRW | 37,623 | 14.5M € | 4.57 % |
| 4 | SOUTH AFRICA GOVERNMENT BOND 9.0% 31-01-40 South Africa | ZAR | 261,560,952 | 13.5M € | 4.26 % |
| 5 | PEMEX 4.75 18-29 24/05A Mexico | EUR | 10,001,000 | 10.1M € | 3.18 % |
| 6 | IVORY COAST GOVERNMENT INT BOND 6.875% 17-10-40 Ivory coast | EUR | 10,218,000 | 10M € | 3.16 % |
| 7 | DIDI GLOBAL INC China | USD | 1,978,836 | 8.9M € | 2.81 % |
| 8 | AXIA ENERGIA Brazil | BRL | 1,088,652 | 8.6M € | 2.70 % |
| 9 | LG CHEM LTD-PREFERENCE South Korea | KRW | 72,729 | 7.1M € | 2.25 % |
| 10 | HUNGARY GOVERNMENT BOND 3.0% 21-08-30 Hungary | HUF | 2,746,920,000 | 6.2M € | 1.96 % |
| 11 | HYUNDAI MOTOR CO South Korea | KRW | 35,003 | 6.1M € | 1.94 % |
| 12 | HUNGARY GOVERNMENT INTL BOND 4.5% 16-06-34 Hungary | EUR | 5,200,000 | 5.3M € | 1.66 % |
| 13 | EMBASSY OFFICE PARKS REIT India | INR | 1,269,726 | 5.2M € | 1.65 % |
| 14 | EGYPT GOVERNEMENT INTL BOND 7.625% 29-05-32 Egypt | USD | 5,599,000 | 5.1M € | 1.60 % |
| 15 | BRAZIL NOTAS DO TESOURO NACIONAL SERIE B 6.0% 15-05-27 Brazil | BRL | 7,000 | 4.8M € | 1.53 % |
| 16 | PERU GOVERNMENT BOND 7.6% 12-08-39 Peru | PEN | 16,793,000 | 4.6M € | 1.47 % |
| 17 | COLOMBIA GOVERNMENT INTL BOND 7.5% 02-02-34 Colombia | USD | 5,186,000 | 4.6M € | 1.46 % |
| 18 | HONG KONG EXCHANGES & CLEAR Hong Kong | HKD | 100,837 | 4.5M € | 1.42 % |
| 19 | EGYPT GOVERNEMENT INTL BOND 7.5% 16-02-61 Egypt | USD | 5,948,000 | 4.4M € | 1.40 % |
| 20 | KOTAK MAHINDRA BANK LTD India | INR | 207,590 | 4.3M € | 1.37 % |
| 21 | ARGENTINE REP GVT INTL BOND 4.125% 09-07-35 Argentina | USD | 6,688,636 | 4.2M € | 1.34 % |
| 22 | ECUADOR GOVERNMENT INTL BOND 6.9% 31-07-35 Ecuador | USD | 5,367,952 | 4M € | 1.27 % |
| 23 | ROMANIAN GOVERNMENT INTL BOND 2.875% 13-04-42 Romania | EUR | 6,034,000 | 4M € | 1.26 % |
| 24 | GRUPO FINANCIERO BANORTE-O Mexico | MXN | 502,863 | 4M € | 1.25 % |
| 25 | MERCADOLIBRE INC Uruguay | USD | 1,986 | 3.4M € | 1.07 % |
| 26 | VIPSHOP HOLDINGS LTD - ADR China | USD | 222,132 | 3.3M € | 1.06 % |
| 27 | SEA LTD-ADR Singapore | USD | 30,115 | 3.3M € | 1.03 % |
| 28 | CONTEMPORARY AMPEREX TECHN-A China | CNY | 72,100 | 3.2M € | 1.02 % |
| 29 | PERU GOVERNMENT BOND 6.85% 12-08-35 Peru | PEN | 11,400,000 | 3.1M € | 0.98 % |
| 30 | HUNGARY GOVERNMENT INTL BOND 5.375% 12-09-33 Hungary | EUR | 2,900,000 | 3.1M € | 0.98 % |
| 31 | TCHEQUE REPUBLIQUE GOVERNMENT BOND 1.5% 24-04-40 Czech Republic | CZK | 109,530,000 | 3M € | 0.94 % |
| 32 | TCHEQUE REPUBLIQUE GOVERNMENT BOND 1.95% 30-07-37 Czech Republic | CZK | 94,950,000 | 3M € | 0.94 % |
| 33 | PROSUS NV Netherlands | EUR | 53,723 | 2.8M € | 0.90 % |
| 34 | NEXUS SELECT TRUST India | INR | 1,824,672 | 2.7M € | 0.84 % |
| 35 | BANCO MERCANTILE DEL NORTE SA GRAND 7.5% PERP Cayman Islands | USD | 2,800,000 | 2.5M € | 0.77 % |
| 36 | BANK CENTRAL ASIA TBK PT Indonesia | IDR | 5,746,111 | 2.4M € | 0.75 % |
| 37 | AXIA ENERGIA-PR C Brazil | BRL | 309,894 | 2.4M € | 0.75 % |
| 38 | HUNGARIAN DEVELOPMENT BANK 6.5% 29-06-28 Hungary | USD | 2,400,000 | 2.1M € | 0.67 % |
| 39 | UKRAINE GOVERNMENT INTL BOND 4.5% 01-02-34 Ukraine | USD | 4,000,000 | 2.1M € | 0.66 % |
| 40 | BANCO MERCANTILE DEL NORTE SA GRAND 5.875% PERP Cayman Islands | USD | 2,290,000 | 1.9M € | 0.61 % |
| 41 | INDONESIA TREASURY BOND 6.875% 15-04-29 Indonesia | IDR | 34,221,000,000 | 1.8M € | 0.58 % |
| 42 | ANTA SPORTS PRODUCTS LTD China | HKD | 207,522 | 1.8M € | 0.58 % |
| 43 | SOUTH AFRICA GOVERNMENT INTL BD 5.75% 30-09-49 South Africa | USD | 2,533,000 | 1.8M € | 0.58 % |
| 44 | HAINAN DRINDA NEW ENERGY T-H China | HKD | 763,200 | 1.8M € | 0.57 % |
| 45 | ROMANIAN GOVERNMENT INTL BOND 2.375% 19-04-27 Romania | EUR | 1,768,000 | 1.8M € | 0.56 % |
| 46 | BBVA BANCOMER SATEXAS 8.125% 08-01-39 United States of America | USD | 1,774,000 | 1.6M € | 0.52 % |
| 47 | ANGOLAN GOVERNMENT INTL BOND 8.25% 09-05-28 Angola | USD | 1,800,000 | 1.5M € | 0.49 % |
| 48 | SAN MARINO GOVERNMENT BOND 6.5% 19-01-27 San Marino | EUR | 1,500,000 | 1.5M € | 0.49 % |
| 49 | NEW ORIENTAL EDUCATIO-SP ADR China | USD | 28,002 | 1.3M € | 0.41 % |
| 50 | ROMANIAN GOVERNMENT INTL BOND 2.0% 14-04-33 Romania | EUR | 1,553,000 | 1.3M € | 0.40 % |
| 51 | ZAMBIA GOVERNMENT INTL BOND 5.75% 30-06-33 Zambia | USD | 1,474,117 | 1.2M € | 0.39 % |
| 52 | B3 SA BRASIL BOLSA BALCAO 4.125% 20-09-31 Brazil | USD | 1,406,000 | 1.1M € | 0.35 % |
| 53 | ROMANIAN GOVERNMENT INTL BOND 5.625% 22-02-36 Romania | EUR | 1,111,000 | 1.1M € | 0.35 % |
| 54 | SOUTH AFRICA GOVERNMENT INTL BD 7.1% 19-11-36 South Africa | USD | 1,200,000 | 1.1M € | 0.35 % |
| 55 | NEW ORIENTAL EDUCATION & TEC China | HKD | 232,505 | 1.1M € | 0.34 % |
| 56 | HYUNDAI MOTOR CO LTD PREF 2 NVTG South Korea | KRW | 8,546 | 1.1M € | 0.34 % |
| 57 | HAIER SMART HOME CO LTD-H China | HKD | 402,874 | 1.1M € | 0.34 % |
| 58 | REPUBLIC OF ARMENIA INTL BOND 3.6% 02-02-31 Armenia | USD | 1,370,000 | 1.1M € | 0.34 % |
| 59 | KE HOLDINGS INC-CL A China | HKD | 218,029 | 989.8K € | 0.31 % |
| 60 | BANCO MERCANTILE DEL NORTE SA GRAND 7.625% PERP Cayman Islands | USD | 1,000,000 | 873.9K € | 0.28 % |
| 61 | BANCO MERCANTILE DEL NORTE SA GRAND 6.625% PERP Cayman Islands | USD | 1,000,000 | 836.3K € | 0.26 % |
| 62 | MINISO GROUP HOLDING LTD China | HKD | 193,470 | 770.4K € | 0.24 % |
| 63 | ICICI LOMBARD GENERAL INSURA India | INR | 40,048 | 744.4K € | 0.23 % |
| 64 | SIERRACOL ENERGY ANDINA LLC 6.0% 15-06-28 United States of America | USD | 911,000 | 733.3K € | 0.23 % |
| 65 | JSC KASPI.KZ ADR Kazakhstan | USD | 10,944 | 728K € | 0.23 % |
| 66 | BRAINBEES SOLUTIONS LTD India | INR | 251,035 | 682.3K € | 0.22 % |
| 67 | EGYPT GOVERNEMENT INTL BOND 8.7002% 01-03-49 Egypt | USD | 782,000 | 666.4K € | 0.21 % |
| 68 | BRAZILIAN GOVERNMENT INTL BOND 4.75% 14-01-50 Brazil | USD | 1,040,000 | 645.2K € | 0.20 % |
| 69 | SCC POWER 8.0% 31-12-28 United Kingdom | USD | 1,147,978 | 605.7K € | 0.19 % |
| 70 | IHH HEALTHCARE BHD Malaysia | MYR | 311,923 | 572.7K € | 0.18 % |
| 71 | HYUNDAI MOTOR CO LTD PREF NVTG South Korea | KRW | 4,330 | 527.2K € | 0.17 % |
| 72 | SOC NATLA DE GAZE NATURALE ROMGAZ 4.75% 07-10-29 Romania | EUR | 430,000 | 441.1K € | 0.14 % |
| 73 | FIVE-STAR BUSINESS FINANCE L India | INR | 78,813 | 407.2K € | 0.13 % |
| 74 | BANCO DEL ESTADO DE CHILE 7.95% PERP Chile | USD | 400,000 | 360.6K € | 0.11 % |
| 75 | EL SALVADOR GOVERNMENT INTERNATIO BOND 7.1246% 20-01-50 El Salvador | USD | 457,000 | 359K € | 0.11 % |
| 76 | TURK EKONOMI BANKASI AS 9.375% 17-01-34 Turkey | USD | 316,000 | 287.5K € | 0.09 % |
| 77 | SCC POWER 4.0% 17-05-32 United Kingdom | USD | 12,250 | 2.7K € | 0.00 % |
Source: report published by Carmignac Portfolio Emerging Patrimoine.