Holdings of Carmignac Portfolio Absolute Return Europe
Carmignac Gestion Luxembourg S.A. · 76 declared positions · as of Dec 31, 2025
Fund report · Net assets 49.6M € · Ten largest lines: 37.9 % of net assets
Country breakdown
- France 24.0 %
- Germany 22.6 %
- United States of America 13.6 %
- Netherlands 10.2 %
- Italy 7.5 %
- Denmark 5.2 %
- Austria 2.6 %
- Greece 2.3 %
- Sweden 2.2 %
- United Kingdom 2.2 %
- South Korea 1.6 %
- Others 5.9 %
Countries from the fund report. Weights in % of net assets.
Currency breakdown
- EUR 71.2 %
- USD 16.5 %
- DKK 5.2 %
- SEK 2.2 %
- KRW 1.4 %
- HKD 1.2 %
- CHF 1.2 %
- NOK 0.6 %
- GBP 0.3 %
The quoted currency of each line, as declared.
Positions
| Rank | Company | Currency | Shares | Value | Weight |
|---|---|---|---|---|---|
| 1 | FRANCE TREASURY BILL BTF ZCP 11-03-26 France | EUR | 5,290,000 | 5.3M € | 10.63 % |
| 2 | DELIVERY HERO SE Germany | EUR | 121,020 | 2.7M € | 5.54 % |
| 3 | FRESENIUS SE & CO KGAA Germany | EUR | 40,963 | 2M € | 4.05 % |
| 4 | ITALY BUONI ORDINARI DEL TESORO BOT ZCP 12-06-26 Italy | EUR | 1,500,000 | 1.5M € | 3.00 % |
| 5 | FRANCE TREASURY BILL BTF ZCP 25-03-26 France | EUR | 1,492,143 | 1.5M € | 3.00 % |
| 6 | UNITED STATES TREASURY BILL ZCP 03-02-26 United States of America | USD | 1,705,000 | 1.4M € | 2.92 % |
| 7 | ASR NEDERLAND NV Netherlands | EUR | 21,058 | 1.3M € | 2.57 % |
| 8 | MICROSOFT CORP United States of America | USD | 2,634 | 1.1M € | 2.19 % |
| 9 | PROSUS NV Netherlands | EUR | 18,873 | 997.4K € | 2.01 % |
| 10 | DSV A/S Denmark | DKK | 4,575 | 989.2K € | 1.99 % |
| 11 | ADYEN NV Netherlands | EUR | 696 | 957K € | 1.93 % |
| 12 | BANCA MONTE DEI PASCHI SIENA Italy | EUR | 82,478 | 753K € | 1.52 % |
| 13 | SIEMENS ENERGY AG Germany | EUR | 6,187 | 744.9K € | 1.50 % |
| 14 | SIEMENS AG-REG Germany | EUR | 2,864 | 684.9K € | 1.38 % |
| 15 | PUBLICIS GROUPE France | EUR | 7,501 | 664.7K € | 1.34 % |
| 16 | SOCIETE GENERALE SA France | EUR | 9,668 | 664.4K € | 1.34 % |
| 17 | SAMSUNG ELECTRONICS CO LTD South Korea | KRW | 9,252 | 655.7K € | 1.32 % |
| 18 | ZALANDO SE Germany | EUR | 25,157 | 637.5K € | 1.29 % |
| 19 | BPER BANCA SPA Italy | EUR | 52,193 | 605.4K € | 1.22 % |
| 20 | ASM INTERNATIONAL NV Netherlands | EUR | 1,123 | 581.3K € | 1.17 % |
| 21 | PRADA S.P.A. Italy | HKD | 114,883 | 565.5K € | 1.14 % |
| 22 | FLATEXDEGIRO SE Germany | EUR | 15,206 | 558.7K € | 1.13 % |
| 23 | ALPHA BANK SA Greece | EUR | 155,774 | 557.7K € | 1.12 % |
| 24 | TAIWAN SEMICONDUCTOR-SP ADR Taiwan | USD | 2,100 | 543.4K € | 1.10 % |
| 25 | CASEY'S GENERAL STORES INC United States of America | USD | 1,100 | 517.7K € | 1.04 % |
| 26 | NEXANS SA France | EUR | 4,101 | 515.9K € | 1.04 % |
| 27 | PIRAEUS BANK SA Greece | EUR | 75,460 | 512.7K € | 1.03 % |
| 28 | VESTAS WIND SYSTEMS A/S Denmark | DKK | 22,072 | 512.4K € | 1.03 % |
| 29 | AIRBUS SE Netherlands | EUR | 2,562 | 508.3K € | 1.03 % |
| 30 | INDRA SISTEMAS SA Spain | EUR | 10,417 | 505.6K € | 1.02 % |
| 31 | SPIE SA France | EUR | 10,260 | 505.4K € | 1.02 % |
| 32 | UCB SA Belgium | EUR | 2,085 | 497.5K € | 1.00 % |
| 33 | SAFRAN SA France | EUR | 1,668 | 496.1K € | 1.00 % |
| 34 | AMAZON.COM INC United States of America | USD | 2,523 | 495.9K € | 1.00 % |
| 35 | SARTORIUS AG-VORZUG Germany | EUR | 1,909 | 471.9K € | 0.95 % |
| 36 | BANK OF AMERICA CORP United States of America | USD | 10,071 | 471.6K € | 0.95 % |
| 37 | FREEPORT-MCMORAN INC United States of America | USD | 10,773 | 465.9K € | 0.94 % |
| 38 | HEIDELBERG MATERIALS AG Germany | EUR | 2,079 | 463.6K € | 0.93 % |
| 39 | NOVO NORDISK A/S-B Denmark | DKK | 10,550 | 459.4K € | 0.93 % |
| 40 | UNITED RENTALS INC United States of America | USD | 652 | 449.3K € | 0.91 % |
| 41 | ANGLOGOLD ASHANTI PLC United Kingdom | USD | 6,122 | 444.5K € | 0.90 % |
| 42 | YETI HOLDINGS INC United States of America | USD | 11,698 | 440K € | 0.89 % |
| 43 | ERSTE GROUP BANK AG Austria | EUR | 4,150 | 427K € | 0.86 % |
| 44 | BAWAG GROUP AG Austria | EUR | 3,247 | 418.9K € | 0.84 % |
| 45 | OTTOBOCK SE & CO KGAA Germany | EUR | 6,372 | 415.8K € | 0.84 % |
| 46 | DR ING HC F PORSCHE AG Germany | EUR | 9,021 | 411.5K € | 0.83 % |
| 47 | META PLATFORMS INC-CLASS A United States of America | USD | 723 | 406.4K € | 0.82 % |
| 48 | NOVONESIS (NOVOZYMES) B Denmark | DKK | 7,406 | 404.4K € | 0.82 % |
| 49 | AUMOVIO SE Germany | EUR | 9,272 | 398.1K € | 0.80 % |
| 50 | ALLFUNDS GROUP PLC United Kingdom | EUR | 49,465 | 397.9K € | 0.80 % |
| 51 | TROAX GROUP AB Sweden | SEK | 28,324 | 389.8K € | 0.79 % |
| 52 | WIENERBERGER AG Austria | EUR | 11,676 | 357.5K € | 0.72 % |
| 53 | ORANGE France | EUR | 25,004 | 355.1K € | 0.72 % |
| 54 | SIEMENS HEALTHINEERS AG Germany | EUR | 7,900 | 354.9K € | 0.72 % |
| 55 | IMCD NV Netherlands | EUR | 4,497 | 347.8K € | 0.70 % |
| 56 | ESSILORLUXOTTICA France | EUR | 1,253 | 338.2K € | 0.68 % |
| 57 | GALDERMA GROUP AG Switzerland | CHF | 1,742 | 303.5K € | 0.61 % |
| 58 | HERMES INTERNATIONAL France | EUR | 141 | 299.2K € | 0.60 % |
| 59 | TOMRA SYSTEMS ASA Norway | NOK | 25,792 | 296.1K € | 0.60 % |
| 60 | DEUTSCHE BANK AG-REGISTERED Germany | EUR | 8,790 | 291K € | 0.59 % |
| 61 | ALIBABA GROUP HOLDING-SP ADR China | USD | 2,283 | 284.9K € | 0.57 % |
| 62 | ASKER HEALTHCARE GROUP AB Sweden | SEK | 36,326 | 283.2K € | 0.57 % |
| 63 | NOBA BANK GROUP AB Sweden | SEK | 25,085 | 272.9K € | 0.55 % |
| 64 | ALPHABET INC-CL A United States of America | USD | 954 | 254.2K € | 0.51 % |
| 65 | CAPGEMINI SE France | EUR | 1,500 | 213.4K € | 0.43 % |
| 66 | CIPHER MINING INC United States of America | USD | 11,440 | 143.8K € | 0.29 % |
| 67 | LVMH MOET HENNESSY LOUIS VUI France | EUR | 175 | 112.9K € | 0.23 % |
| 68 | DEUTSCHE TELEKOM AG-REG Germany | EUR | 3,906 | 108K € | 0.22 % |
| 69 | ROCHE HOLDING AG-GENUSSCHEIN Switzerland | CHF | 263 | 92.8K € | 0.19 % |
| 70 | ABB LTD-REG Switzerland | CHF | 1,344 | 85.5K € | 0.17 % |
| 71 | CIE FINANCIERE RICHEMO-A REG Switzerland | CHF | 414 | 76.5K € | 0.15 % |
| 72 | RELX PLC United Kingdom | GBP | 2,138 | 73.9K € | 0.15 % |
| 73 | ASSA ABLOY AB-B Sweden | SEK | 2,096 | 69.5K € | 0.14 % |
| 74 | SAMSUNG ELECTR-GDR REG S South Korea | USD | 39 | 68.6K € | 0.14 % |
| 75 | ZEGONA COMMUNICATIONS PLC United Kingdom | GBP | 4,127 | 65.9K € | 0.13 % |
| 76 | INPOST SA Poland | EUR | 6,079 | 63.6K € | 0.13 % |
Source: report published by Carmignac Portfolio Absolute Return Europe.