# EDGAR Filing Document

**Accession Number:** 0001569758
**File Stem:** 0000945621-26-000828
**Filing Date:** 2026-6
**Character Count:** 14840
**Document Hash:** ac6c260e78f68ae166040d64bdb61486
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000945621-26-000828.hdr.sgml**: 20260615

**ACCESSION NUMBER**: 0000945621-26-000828

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260615

**DATE AS OF CHANGE**: 20260615

**EFFECTIVENESS DATE**: 20260615

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Carmignac Gestion
- **CENTRAL INDEX KEY:** 0001569758

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** I0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15450
- **FILM NUMBER:** 261089959

**BUSINESS ADDRESS:**
- **STREET 1:** 24 PLACE VENDOME
- **CITY:** PARIS
- **STATE:** I0
- **ZIP:** 75001
- **BUSINESS PHONE:** 0033142865335

**MAIL ADDRESS:**
- **STREET 1:** 24 PLACE VENDOME
- **CITY:** PARIS
- **STATE:** I0
- **ZIP:** 75001

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Carmignac Gestion<br>**Address:** 24 PLACE VENDOME<br>PARIS, I0 75001

**Form 13F File Number:** 028-15450

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Olivia Vayssette<br>**Title:** Head of Legal Affairs<br>**Phone:** 33-0-70-92-33-27

**Signature, Place, and Date of Signing:**

/s/ Olivia Vayssette  Paris, I0  06-08-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 112

**Form 13F Information Table Value Total:** $6507181896

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| MASTERCARD INC | CL A | 57636Q104 |  | 190065407 | 380470 | SH |  | SOLE |  | 380470 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 9072805 | 97086 | SH |  | SOLE |  | 97086 | 0 | 0 |
| COLGATE-PALMOLIVE CO | COM | 194162103 |  | 20156419 | 236202 | SH |  | SOLE |  | 236202 | 0 | 0 |
| SLB LTD | COM STK | 806857108 |  | 48624807 | 946192 | SH |  | SOLE |  | 946192 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1214385 | 4785 | SH |  | SOLE |  | 4785 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 66160397 | 148199 | SH |  | SOLE |  | 148199 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | SPONSORED ADS | 874039100 |  | 463667 | 1372 | SH |  | SOLE |  | 1372 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC | COM | 45866F104 |  | 180878621 | 1150073 | SH |  | SOLE |  | 1150073 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 24503640 | 186000 | SH |  | SOLE |  | 186000 | 0 | 0 |
| ITAU UNIBANCO HOLDING SA | SPON ADR REP PFD | 465562106 |  | 72321260 | 8630222 | SH |  | SOLE |  | 8630222 | 0 | 0 |
| CISCO SYSTEMS INC | COM | 17275R102 |  | 1225612 | 15796 | SH |  | SOLE |  | 15796 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 295277 | 3071 | SH |  | SOLE |  | 3071 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 293522035 | 1409850 | SH |  | SOLE |  | 1409850 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 9976175 | 48934 | SH |  | SOLE |  | 48934 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 79441728 | 214923 | SH |  | SOLE |  | 214923 | 0 | 0 |
| KLA CORP | COM | 482480100 |  | 13251690 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| HOME DEPOT INC/THE | COM | 437076102 |  | 10071755 | 30734 | SH |  | SOLE |  | 30734 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 65457393 | 114410 | SH |  | SOLE |  | 114410 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 181832679 | 974129 | SH |  | SOLE |  | 974129 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 537146 | 584 | SH |  | SOLE |  | 584 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 52642614 | 637576 | SH |  | SOLE |  | 637576 | 0 | 0 |
| CHART INDUSTRIES INC | COM | 16115Q308 |  | 17148672 | 82944 | SH |  | SOLE |  | 82944 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 16895310 | 260168 | SH |  | SOLE |  | 260168 | 0 | 0 |
| HILTON WORLDWIDE HOLDINGS INC | COM | 43300A203 |  | 909199 | 2990 | SH |  | SOLE |  | 2990 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 7739565 | 15828 | SH |  | SOLE |  | 15828 | 0 | 0 |
| VIPSHOP HOLDINGS LTD | SPONSORED ADS A | 92763W103 |  | 70510329 | 4480529 | SH |  | SOLE |  | 4480529 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 386765188 | 1345592 | SH |  | SOLE |  | 1345592 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 703615 | 2328 | SH |  | SOLE |  | 2328 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 431064847 | 249455 | SH |  | SOLE |  | 249455 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 158276664 | 1513849 | SH |  | SOLE |  | 1513849 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 62068537 | 14742 | SH |  | SOLE |  | 14742 | 0 | 0 |
| PROCTER  GAMBLE CO/THE | COM | 742718109 |  | 12739361 | 88160 | SH |  | SOLE |  | 88160 | 0 | 0 |
| VNET GROUP INC | SPONSORED ADS A | 90138A103 |  | 2707621 | 322720 | SH |  | SOLE |  | 322720 | 0 | 0 |
| NEW ORIENTAL EDUCATION  TECHNOLOGY GROUP INC | SPON ADR | 647581206 |  | 20650418 | 365386 | SH |  | SOLE |  | 365386 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 796005230 | 4566444 | SH |  | SOLE |  | 4566444 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 5067600 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| COSTCO WHOLESALE CORP | COM | 22160K105 |  | 1146891 | 1151 | SH |  | SOLE |  | 1151 | 0 | 0 |
| MARRIOTT INTERNATIONAL INC/MD | CL A | 571903202 |  | 928225 | 2838 | SH |  | SOLE |  | 2838 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 167447336 | 541651 | SH |  | SOLE |  | 541651 | 0 | 0 |
| MAKEMYTRIP LTD | SHS | V5633W109 |  | 1134660 | 30428 | SH |  | SOLE |  | 30428 | 0 | 0 |
| TENCENT MUSIC ENTERTAINMENT GROUP | SPON ADS | 88034P109 |  | 26739531 | 2881153 | SH |  | SOLE |  | 2881153 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 274936139 | 317721 | SH |  | SOLE |  | 317721 | 0 | 0 |
| TRADEWEB MARKETS INC | CL A | 892672106 |  | 268994292 | 2286200 | SH |  | SOLE |  | 2286200 | 0 | 0 |
| INTUIT INC | COM | 461202103 |  | 503290 | 1164 | SH |  | SOLE |  | 1164 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 91637394 | 747026 | SH |  | SOLE |  | 747026 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 38537267 | 225171 | SH |  | SOLE |  | 225171 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 11531490 | 64831 | SH |  | SOLE |  | 64831 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 194611649 | 3233826 | SH |  | SOLE |  | 3233826 | 0 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 1413159 | 35127 | SH |  | SOLE |  | 35127 | 0 | 0 |
| AMICUS THERAPEUTICS INC | COM | 03152W109 |  | 11343986 | 784508 | SH |  | SOLE |  | 784508 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 3979770 | 53000 | SH |  | SOLE |  | 53000 | 0 | 0 |
| REGENERON PHARMACEUTICALS INC | COM | 75886F107 |  | 90014774 | 116571 | SH |  | SOLE |  | 116571 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 406158033 | 955021 | SH |  | SOLE |  | 955021 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 59438400 | 457500 | SH |  | SOLE |  | 457500 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 83290500 | 659570 | SH |  | SOLE |  | 659570 | 0 | 0 |
| EHANG HOLDINGS LTD | ADS | 26853E102 |  | 747524 | 76985 | SH |  | SOLE |  | 76985 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 2516400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ACCENTURE PLC | SHS CLASS A | G1151C101 |  | 528443 | 2665 | SH |  | SOLE |  | 2665 | 0 | 0 |
| OLAPLEX HOLDINGS INC | COM | 679369108 |  | 1731994 | 853199 | SH |  | SOLE |  | 853199 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 973081 | 3308 | SH |  | SOLE |  | 3308 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 100479842 | 4311997 | SH |  | SOLE |  | 4311997 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 31721039 | 35433 | SH |  | SOLE |  | 35433 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 6490803 | 236373 | SH |  | SOLE |  | 236373 | 0 | 0 |
| ATLASSIAN CORP | CL A | 049468101 |  | 177707302 | 2603770 | SH |  | SOLE |  | 2603770 | 0 | 0 |
| QFIN HOLDINGS INC | AMERICAN DEP | 88557W101 |  | 504536 | 39081 | SH |  | SOLE |  | 39081 | 0 | 0 |
| VESTA REAL ESTATE CORP | ADS | 92540K109 |  | 27404529 | 822445 | SH |  | SOLE |  | 822445 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 2716576 | 157574 | SH |  | SOLE |  | 157574 | 0 | 0 |
| CSG SYSTEMS INTERNATIONAL INC | COM | 126349109 |  | 8241574 | 103097 | SH |  | SOLE |  | 103097 | 0 | 0 |
| KASPI.KZ JSC | SPONSORED ADS | 48581R205 |  | 16606879 | 224528 | SH |  | SOLE |  | 224528 | 0 | 0 |
| BBB FOODS INC | CL A COM | G0896C103 |  | 3777744 | 106965 | SH |  | SOLE |  | 106965 | 0 | 0 |
| CENCORA INC | COM | 03073E105 |  | 345929707 | 1101251 | SH |  | SOLE |  | 1101251 | 0 | 0 |
| LANTHEUS HOLDINGS INC | COM | 516544103 |  | 100728800 | 1328000 | SH |  | SOLE |  | 1328000 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 2823700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CLEARWATER ANALYTICS HOLDINGS INC | CL A | 185123106 |  | 2142359 | 90586 | SH |  | SOLE |  | 90586 | 0 | 0 |
| BIONTECH SE | SPONSORED ADS | 09075V102 |  | 9955870 | 112711 | SH |  | SOLE |  | 112711 | 0 | 0 |
| AMPHENOL CORP | CL A | 032095101 |  | 84557969 | 669236 | SH |  | SOLE |  | 669236 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 65621664 | 364605 | SH |  | SOLE |  | 364605 | 0 | 0 |
| SPROUTS FARMERS MARKET INC | COM | 85208M102 |  | 53872991 | 698470 | SH |  | SOLE |  | 698470 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 23658900 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 6576000 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| PROASSURANCE CORP | COM | 74267C106 |  | 5370741 | 217263 | SH |  | SOLE |  | 217263 | 0 | 0 |
| CANTALOUPE INC | COM | 138103106 |  | 11626209 | 1075505 | SH |  | SOLE |  | 1075505 | 0 | 0 |
| AMERICAN WOODMARK CORP | COM | 030506109 |  | 4590607 | 115255 | SH |  | SOLE |  | 115255 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 20493080 | 947000 | SH |  | SOLE |  | 947000 | 0 | 0 |
| INTERNATIONAL MONEY EXPRESS INC | COM | 46005L101 |  | 2190670 | 138650 | SH |  | SOLE |  | 138650 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 15498520 | 205034 | SH |  | SOLE |  | 205034 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 2747620 | 47000 | SH |  | SOLE |  | 47000 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 |  | 7053101 | 137300 | SH |  | SOLE |  | 137300 | 0 | 0 |
| ONESTREAM INC | CL A | 68278B107 |  | 9237432 | 384893 | SH |  | SOLE |  | 384893 | 0 | 0 |
| EVERPURE INC | CL A | 74624M102 |  | 2361600 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| SUN COUNTRY AIRLINES HOLDINGS INC | COM | 866683105 |  | 504273 | 30525 | SH |  | SOLE |  | 30525 | 0 | 0 |
| DIGITALBRIDGE GROUP INC | CL A | 25401T603 |  | 5696379 | 369415 | SH |  | SOLE |  | 369415 | 0 | 0 |
| SKYWATER TECHNOLOGY INC | COM | 83089J108 |  | 2305345 | 84106 | SH |  | SOLE |  | 84106 | 0 | 0 |
| BERKSHIRE HATHAWAY INC | CL B | 084670702 |  | 195370798 | 407702 | SH |  | SOLE |  | 407702 | 0 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 30278664 | 631200 | SH |  | SOLE |  | 631200 | 0 | 0 |
| ON24 INC | COM | 68339B104 |  | 1446296 | 178555 | SH |  | SOLE |  | 178555 | 0 | 0 |
| SILICON LABORATORIES INC | COM | 826919102 |  | 5795520 | 27843 | SH |  | SOLE |  | 27843 | 0 | 0 |
| WEBSTER FINANCIAL CORP | COM | 947890109 |  | 13469216 | 194025 | SH |  | SOLE |  | 194025 | 0 | 0 |
| SUNOPTA INC | COM | 8676EP108 |  | 732668 | 113066 | SH |  | SOLE |  | 113066 | 0 | 0 |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC | COM | 18453H106 |  | 138576 | 58471 | SH |  | SOLE |  | 58471 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDING LTD | ORDINARY SHARES | G25457105 |  | 34215615 | 364500 | SH |  | SOLE |  | 364500 | 0 | 0 |
| ARCELLX INC | COMMON STOCK | 03940C100 |  | 2172969 | 18925 | SH |  | SOLE |  | 18925 | 0 | 0 |
| SUNBELT RENTALS HOLDINGS INC | SHS | 866966104 |  | 740573 | 15591 | SH |  | SOLE |  | 15591 | 0 | 0 |
| DAY ONE BIOPHARMACEUTICALS INC | COM | 23954D109 |  | 293535 | 13691 | SH |  | SOLE |  | 13691 | 0 | 0 |
| SEMRUSH HOLDINGS INC | CL A COM | 81686C104 |  | 3656768 | 306262 | SH |  | SOLE |  | 306262 | 0 | 0 |
| SELECT MEDICAL HOLDINGS CORP | COM | 81619Q105 |  | 2842866 | 174516 | SH |  | SOLE |  | 174516 | 0 | 0 |
| TALKSPACE INC | COM | 87427V103 |  | 758893 | 146646 | SH |  | SOLE |  | 146646 | 0 | 0 |
| TERNS PHARMACEUTICALS INC | COM | 880881107 |  | 2822682 | 53541 | SH |  | SOLE |  | 53541 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 0 | 4064500 | PRN | Call | SOLE |  | 4064500 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 0 | 26000 | PRN | Call | SOLE |  | 26000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 0 | 10400 | PRN | Call | SOLE |  | 10400 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 0 | 5400 | PRN | Call | SOLE |  | 5400 | 0 | 0 |

---