Alternative strategies
Carmignac Portfolio Long-Short European Equities
Share Class
LU0992627298
Risk Indicator
3 / 7
Recommended Minimum Investment Horizon
3 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
From 15/11/2013
To 25/09/2025
+ 87.7 %
+ 92.1 %
+ 42.6 %
+ 21.6 %
+ 9.0 %
Calendar Year Performance 2015Calendar Year Performance 2016Calendar Year Performance 2017Calendar Year Performance 2018Calendar Year Performance 2019Calendar Year Performance 2020Calendar Year Performance 2021Calendar Year Performance 2022Calendar Year Performance 2023Calendar Year Performance 2024
- 7.7 %
+ 10.0 %
+ 16.7 %
+ 5.1 %
+ 0.3 %
+ 7.4 %
+ 13.6 %
- 5.7 %
+ 0.7 %
+ 18.0 %
Net Asset Value
187.70 €
Asset Under Management
675 M €
Net Equity Exposure29/08/2025
13.9 %
SFDR - Fund Classification
Article 8
Portfolio Composition
Discover the Fund's portfolio and allocation to get an overview of the distribution of its investments, to better understand its strategy, diversification and risk exposure.
Key figures
Below are some key figures to help you understand the Fund's management and positioning.
Exposure Data
Data as of: 29 Aug 2025.Net Equity Exposure13.9 %
Beta+0.1 %
Sortino Ratio+0.7
Number of Holdings21
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TOP 10 Fund Positions
The main positions of Fund are classified according to their weighting and expressed as a percentage of the Fund's total assets.
Top Ten - Equities
Data as of: 29 Aug 2025.| FRESENIUS SE & CO KGAA |  Germany | Healthcare | 9.4% |
| ASR NEDERLAND NV |  Netherlands | Financials | 6.3% |
| PRADA SPA |  Italy | Consumer Discretionary | 5.2% |
| PROSUS NV |  China | Consumer Discretionary | 4.4% |
| KBC GROUP NV |  Belgium | Financials | 4.3% |
| AIR LIQUIDE SA |  France | Materials | 4.0% |
| VEND MARKETPLACES ASA |  Norway | Communication Services | 2.5% |
| ISHARES PHYSICAL GOLD ETC |  Ireland | Materials | 2.5% |
| CIE FINANCIERE RICHEMONT SA |  Switzerland | Consumer Discretionary | 2.2% |
| HOLCIM AG | Switzerland | Materials | 2.0% |
Total
42.8 %
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Top 10 Short Positions
Data as of: 29 Aug 2025.| Switzerland | Healthcare | -2.2% |
| France | Consumer Staples | -2.1% |
 United Kingdom | Consumer Discretionary | -1.9% |
 Luxembourg | Consumer Staples | -1.9% |
 Sweden | Real Estate | -1.7% |
| United Kingdom | Financials | -1.1% |
 Spain | Consumer Discretionary | -1.1% |
| France | Consumer Discretionary | -1.1% |
| Netherlands | Industrials | -1.1% |
Total
-14.2 %
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Geographical Breakdown
The Fund’s exposure to specific country and region provides you with an insight on its diversification as well as the opportunities and risks involved. The geographic breakdown also provides an overview of the Fund's investment strategy and current positioning.
Geographical Breakdown
Data as of: 29 Aug 2025.| North America | 11.0 % | -10.0 % | 1.0 % |
| Others | 7.8 % | - | 7.8 % |
| Europe EUR | 54.2 % | -34.2 % | 19.9 % |
| Europe ex-EUR | 12.5 % | -15.2 % | -2.6 % |
| Index Derivatives | 23.9 % | -36.1 % | -12.2 % |
North America1.0 %
 Canada | - | -0.1 % |
 USA | 11.0 % | -9.9 % |
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Sector Breakdown
The Fund’s exposure to specific sector provides you with an insight on its diversification as well as the opportunities and risks involved. The sector breakdown also provides an overview of the Fund's investment strategy and current positioning.
The Fund’s exposure to specific sector provides you with an insight on its diversification as well as the opportunities and risks involved. The sector breakdown also provides an overview of the Fund's investment strategy and current positioning.
Equity Exposure
The chart displays the proportion of the Fund's assets invested in equities and how this exposure has changed over time. It enables investors to understand the level of risk associated with the Fund and whether the asset allocation is in line with the Fund’s risk framework.
Equity Exposure (% of total AUM)
Data as of: 29 Aug 2025.- Equity Investment Rate
- Equity Exposure
Capitalisation Breakdown
The capitalisation breakdown refers to the distribution of the Fund's investments according to the size of the companies in which it invests. It indicates in which capitalisation categories (small, medium or large) the Fund allocates its capital.
Equity Derivatives
This table lists all the equity derivatives in the portfolio. It shows the underlying assets to which the fund is exposed and the fund's position (long or short) on each of these underlyings.
Equity Derivatives
Data as of: 19 Sep 2025.| Equity derivatives | ||
| ESTX BNK € PR | ||
| MSCI EM | ||
| STXE 600 AU&PT € PR | ||
| STXE 600 FD&BV € PR | ||
| STXE 600 HECR € PR | ||
| STXE 600 TEL € PR |
Total (Long + Short)
-13.9 %
Articles that may interest you
Events • 24 September 2025 • English
Webinar: Navigating Today’s Opportunities in European Long-Short Equities
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