Share Class
LU2809794220
A Fund unleashing the potential of tech companies across the world
- Investing in companies that are driving innovation that represent a solution to a changing world.
- An opportunistic approach capturing attractive trends worldwide across the value chain.
- A strategy that goes beyond investing in the tech sector by capturing technology in a wider spectrum.
Key documents
Asset Allocation
Equities93.8 %
Other6.2 %
Data as of: 30 Sep 2025.
Risk Indicator
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Lowest risk
Highest risk
Recommended Minimum Investment Horizon
5 years
Cumulative Performance since launch
Cumulative Performance 10 YearsCumulative Performance 5 YearsCumulative Performance 3 YearsCumulative Performance 12 Months
+ 36.6 %
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+ 37.1 %
To 06/11/2025
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
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+ 6.1 %
Net Asset Value
136.64 €
Asset Under Management
330 M €
Net Equity Exposure30/09/2025
90.3 %
SFDR - Fund Classification
Article
9
Data as of: 30 Sep 2025.
Data as of: 6 Nov 2025.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.
Carmignac Portfolio Tech Solutions fund performance
Take a look at the Fund's performance supported by our Fund managers’ market commentary and strategy insight.
Our monthly comments
Data as of: 31 Oct 2025.Fund management team
Performance commentary
- Over the month of October the fund had a strong positive absolute return above its benchmark.
- All our sub themes demonstrated positive contribution to the portfolio with Tech Materials and cloud & software being the largest contributors.
- In tech materials, Sk Hynix and TSMC were our largest contributors given their essential roles in AI demand and strong quarterly earnings results.
- Similarly, within the Industrial Tech & Digital Infrastructure space Broadcom and Nvidia continued to perform and remained among our largest contributors over the month.
Outlook strategy
- In October, we continued increasing our exposure to software & cloud companies. We continued building our positions in Accenture, Atlassian, Gitlab and Twilio, which we initiated in September, and reinforced our positions in Microsoft following good earnings results.
- We also initiated a new position in Zoom the videoconferencing software on the basis of high net cash and strong free cash flow yields.
- To reinforce these positions we continued taking profits in some of our largest performance contributors this year. Among which Celestica and Comfort Systems. that have gone up more than 100% since the start of the year.
- In the current environment we believe it is important to look at all segments of Technology and capture entry points in areas we think demonstrate undervalued growth.
Performance Overview
Data as of: 6 Nov 2025.Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
Morningstar Rating™ : © YYYY Morningstar, Inc. All Rights Reserved. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
From 01/01/2013 the equity index reference indicators are calculated net dividends reinvested.
The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
Source: Carmignac at 08/11/2025
Carmignac Portfolio Tech Solutions Portfolio overview
Below is an overview of the composition of the portfolio.
Geographical Breakdown
Data as of: 30 Sep 2025.| North America | 60.3 % |
| Asia | 30.1 % |
| Europe | 8.2 % |
| Asia-Pacific | 1.4 % |
| Eastern Europe | - |
To Access the weekly view
Key figures
Below are the key figures for the Fund, which will give you a clearer idea of the Fund's management and equity positioning.
Exposure Data
Data as of: 30 Sep 2025.Equity Investment Weight93.8 %
Net Equity Exposure90.3 %
Number of Equity Issuers43
Active Share65.4 %
To Access the weekly view
The strategy in a nutshell
Discover the Fund’s main features and benefits through the words of the Fund Manager.
Fund Management Team
Now that technology is accelerating at a faster pace, we aim to capitalise on the significant impact it is having on global equity markets.
Articles that may interest you
Strategies insights • 21 October 2025 • English
Carmignac Portfolio Tech Solutions: Letter from the Fund Manager - Q3 2025
3 minute(s) read
Strategies insights • 17 July 2025 • English
Carmignac Portfolio Tech Solutions: A Fund that represents a long-term conviction
3 minute(s) read
Strategies insights • 17 July 2025 • English
Carmignac Portfolio Tech Solutions: Letter from the Fund Manager - Q2 2025
2 minute(s) read
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Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor).
Reference to certain securities and financial instruments is for illustrative purposes to highlight stocks that are or have been included in the portfolios of funds in the Carmignac range. This is not intended to promote direct investment in those instruments, nor does it constitute investment advice. The Management Company is not subject to prohibition on trading in these instruments prior to issuing any communication. The portfolios of Carmignac funds may change without previous notice.
The reference to a ranking or prize, is no guarantee of the future results of the UCIS or the manager.
Carmignac Portfolio is a sub-fund of Carmignac Portfolio SICAV, an investment company under Luxembourg law, conforming to the UCITS Directive.
The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor), where applicable. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIDs (key information documents) and prospectuses available on this website. The KID must be made available to the subscriber prior to purchase.). The reference to a ranking or prize, is no guarantee of the future results of the UCITS or the manager.
Market environment