Titelia

Holdings of Carmignac Portfolio Inflation Solution

Carmignac Gestion Luxembourg S.A. · 44 declared positions · as of Dec 31, 2025

Fund report · Net assets 69.6M € · Ten largest lines: 39.3 % of net assets

Country breakdown

  • France 28.5 %
  • United States of America 15.2 %
  • Germany 9.2 %
  • Jersey 8.3 %
  • Netherlands 8.1 %
  • Italy 8.0 %
  • Ireland 7.0 %
  • Spain 6.7 %
  • Luxembourg 4.1 %
  • United Kingdom 2.7 %
  • Japan 1.6 %
  • Belgium 0.4 %

Countries from the fund report. Weights in % of net assets.

Currency breakdown

  • EUR 66.0 %
  • USD 29.7 %
  • GBP 2.7 %
  • JPY 1.6 %

The quoted currency of each line, as declared.

Positions

RankCompanyCurrencySharesValueWeight
1UNITED STATES TREASURY NOTEBOND 3.875% 15-08-33 United States of AmericaUSD5,535,0004.7M €6.72 %
2WISDOMTREE COPPER JerseyUSD89,2993.8M €5.42 %
3SPAIN LETRAS DEL TESORO ZCP 06-03-26 SpainEUR2,720,0002.7M €3.90 %
4GERMAN TREASURY BILL ZCP 18-02-26 GermanyEUR2,670,0002.7M €3.83 %
5BNP PARIBAS EASY ENERGY METALS ENHANCED ROLL UCITS ETF LuxembourgEUR191,7732.6M €3.71 %
6ISHARES PHYSICAL GOLD ETC IrelandUSD34,0862.4M €3.49 %
7FRANCE TREASURY BILL BTF ZCP 18-03-26 FranceEUR2,300,0002.3M €3.29 %
8FRANCE TREASURY BILL BTF ZCP 14-01-26 FranceEUR2,100,0002.1M €3.02 %
9ITALY BUONI ORDINARI DEL TESORO BOT ZCP 13-02-26 ItalyEUR2,100,0002.1M €3.01 %
10GERMAN TREASURY BILL ZCP 14-01-26 GermanyEUR2,050,0002M €2.95 %
11FRANCE TREASURY BILL BTF ZCP 09-04-26 FranceEUR2,010,0002M €2.87 %
12FRANCE TREASURY BILL BTF ZCP 21-01-26 FranceEUR2,000,0002M €2.87 %
13FRANCE TREASURY BILL BTF ZCP 25-03-26 FranceEUR2,000,0002M €2.86 %
14ITALY BUONI ORDINARI DEL TESORO BOT ZCP 31-03-26 ItalyEUR1,900,0001.9M €2.72 %
15CA CONSUMER FINANCE ZCP 04-05-26 FranceEUR1,900,0001.9M €2.71 %
16UNITED STATES TREASURY BILL ZCP 06-01-26 United States of AmericaUSD1,913,0001.6M €2.34 %
17CA ZCP 16-02-26 FranceEUR1,500,0001.5M €2.15 %
18IBERDROLA INTL BV ZCP 10-02-26 NetherlandsEUR1,400,0001.4M €2.01 %
19IBERDROLA INTL BV ZCP 17-02-26 NetherlandsEUR1,400,0001.4M €2.01 %
20UNITED KINGDOM GILT 3.25% 31-01-33 United KingdomGBP1,265,0001.4M €1.96 %
21UNITED STATES TREASURY BILL ZCP 03-02-26 United States of AmericaUSD1,600,0001.4M €1.95 %
22UNITED STATES TREASURY BILL ZCP 05-03-26 United States of AmericaUSD1,405,0001.2M €1.71 %
23FRANCE GOVERNMENT BOND OAT 3.5% 25-11-33 FranceEUR1,006,0001M €1.47 %
24ITALY BUONI POLIENNALI DEL TESORO 4.4% 01-05-33 ItalyEUR939,0001M €1.46 %
25REPUBLIQUE FEDERALE D GERMANY 2.6% 15-08-33 GermanyEUR1,017,0001M €1.45 %
26JAPAN10 YEAR ISSUE 0.1% 20-12-30 JapanJPY199,150,0001M €1.45 %
27RATP ZCP 06-01-26 FranceEUR1,000,000999.9K €1.44 %
28IBERDROLA INTL BV ZCP 19-01-26 NetherlandsEUR1,000,000999K €1.44 %
29IBERDROLA INTL BV ZCP 26-01-26 NetherlandsEUR1,000,000998.7K €1.44 %
30ENGIE ZCP 09-02-26 FranceEUR1,000,000998K €1.43 %
31BNP PAR ZCP 11-02-26 FranceEUR1,000,000994.7K €1.43 %
32WISDOMTREE WTI CRUDE OIL JerseyUSD129,051986.1K €1.42 %
33BBVA ZCP 07-01-26 SpainEUR800,000799.7K €1.15 %
34SPAIN GOVERNMENT BOND 2.55% 31-10-32 SpainEUR696,000680.4K €0.98 %
35UNITED STATES TREASURY BILL ZCP 20-01-26 United States of AmericaUSD750,000637.5K €0.92 %
36GLOBAL X URANIUM UCITS ETF USD ACC IrelandUSD25,242560.3K €0.81 %
37ISHARES J.P. MORGAN $ EM BOND UCITS ETF EUR HEDGED (ACC) IrelandEUR97,512512.8K €0.74 %
38ISHARES J P MORGAN EM LOCAL GOVT BOND UCITS ETF USD DIST IrelandUSD12,539509.6K €0.73 %
39ISHARES PHYSICAL SILVER ETC IrelandUSD6,230361.9K €0.52 %
40YELLOW CAKE PLC United KingdomGBP45,201306.5K €0.44 %
41NETHERLANDS GOVERNMENT 2.5% 15-07-33 NetherlandsEUR283,000277.4K €0.40 %
42BELGIUM GOVERNMENT BOND 3.0% 22-06-33 BelgiumEUR278,000276.7K €0.40 %
43WISDOMTREE BRENT CRUDE OIL JerseyUSD4,846195K €0.28 %
44WISDOMTREE NATURAL GAS JerseyUSD36,828192K €0.28 %

Source: report published by Carmignac Portfolio Inflation Solution.