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
Equities95.3 %
Other4.7 %
Data as of: 31 Aug 2026.
Risk Indicator
1
2
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5
6
7
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
+ 96.1 %
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-
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+ 63.1 %
To 07/09/2026
Calendar 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 2024Calendar Year Performance 2025
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-
-
-
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+ 6.1 %
+ 28.8 %
Net Asset Value
€196.06
Asset Under Management
812 M €
Net Equity Exposure31/08/2026
85.9%
SFDR - Fund Classification
Article
9
Data as of: 31 Aug 2026.
Data as of: 7 Sep 2026.
Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The Fund presents a risk of loss of capital.
The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.
Sustainable Finance Disclosure Regulation (SFDR) 2019/2088. The SFDR classification of the Funds may change over time.
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.
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 Aug 2026.Fund management team
Performance commentary
- Over the month of August, the Fund delivered a strong absolute return and outperformed its reference indicator. Performance was driven by strong stock selection across software, AI infrastructure and selected technology hardware companies.
- Our strongest contributors were concentrated in cloud software and AI-related infrastructure. Atlassian was the largest contributor, rising by more than 90%, while GitLab and Microsoft also delivered meaningful gains. Together, these holdings drove the strong contribution from the Cloud & Software bucket.
- Additional positive contributions came from our exposure to the physical infrastructure supporting AI adoption. Asia Vital Components, Nvidia, Fositek, Nitto Boseki and Credo Technology were among the leading contributors. This reflected the strength of the Fund’s exposure to computing, cooling, connectivity and semiconductor infrastructure.
- Performance was partially offset by weakness in several technology hardware and semiconductor-related holdings. Celestica, Broadcom, MKS Instruments and Lotes were the largest detractors, while Applied Materials, Horizon Robotics and Amphenol also weighed modestly on returns.
- Overall, the month illustrated the benefits of the Fund’s diversified exposure across the technology value chain. Strong gains from software and AI infrastructure leaders more than offset weakness in a limited number of semiconductor and hardware positions, enabling the Fund to capture the continued expansion of AI investment beyond the largest technology platforms.
Outlook strategy
- Over the month, we added to our Asian names on weakness, mostly in the memory space and across the AI supply chain.
- We maintain a low exposure to hyperscalers and manage it tactically across names. Over the month we continued trimming Microsoft, Amazon and Google as we have a preference in hardware.
- In the software space, we exited our position in Servicenow as we prefer names like Atlassian and Gitlab, both being software for software development and being less likely to be negatively disrupted by AI given that they should allow developers to be more productive. On this same thought we initiated a position in Wix the software platform that enables individuals and businesses to create, manage and grow websites without advanced coding skills.
- Over the month we also initiated a new position in Applied Materials where long term outlook is very positive and in Marvell to add exposure to the optical space where we have been underweight.
- In the current environment, we continue to emphasise diversification across the technology stack, balancing high-growth semiconductor exposure with more cyclical and valuation-sensitive segments of the ecosystem, while actively managing position sizing in areas that have experienced very strong rallies.
Performance Overview
Data as of: 7 Sep 2026.Past performance is not necessarily indicative of future performance. Performances are net of fees (excluding possible entrance fees charged by the distributor). The Fund presents a risk of loss of capital.
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 08/09/2026
Carmignac Portfolio Tech Solutions Portfolio overview
Below is an overview of the composition of the portfolio.
Geographical Breakdown
Data as of: 31 Aug 2026.| North America | 44.1% |
| Asia | 40.4% |
| Asia-Pacific | 10.4% |
| Europe | 5.0% |
| Middle East | 0.1% |
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: 31 Aug 2026.Equity Investment Weight95.3%
Net Equity Exposure85.9%
Number of Equity Issuers46
Active Share63.2%
To Access the weekly view
Articles that may interest you
Strategies insights • 21 July 2026 • English
Carmignac Portfolio Tech Solutions: Letter from the Fund Manager - Q2 2026
3 minute(s) read
Strategies insights • 17 July 2026 • English
Reasons to invest in Carmignac Portfolio Tech Solutions for the next 5 years
4 minute(s) read
Strategies insights • 18 June 2026 • English
Carmignac Portfolio Tech Solutions: Winning beyond the obvious
5 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). The Fund presents a risk of loss of capital.
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.
UAE DIFC and ADGM: for professional clients only. This document is issued by, or communicated on behalf of, Carmignac Middle East Ltd, a company incorporated under the laws of the Dubai International Financial Centre with company number CL 13413 registered at GD-PB-04-01-OF-01-0, Level 1, DIFC Fund Centre, Level POD, Gate District Precinct Building 04, Dubai International Financial Centre, Dubai, United Arab Emirates and regulated by the Dubai Financial Services Authority under reference number F013638.
This document is intended solely for Professional Clients and Market Counterparties, as defined under the applicable rules of the Dubai Financial Services Authority (?DFSA?). It must not be relied upon by, or distributed to, Retail Clients or any other person.
The fund(s) referred to in this document are foreign fund(s) domiciled and regulated in Luxembourg by the Commission de Surveillance du Secteur Financier (?CSSF?). Unless expressly stated otherwise, they are not domiciled in, authorised by, or subject to regulation or approval by the DFSA. The DFSA has not approved, reviewed or verified this document, the prospectus or any other fund documentation, and the authority does not accept responsibility for the information contained in them or for the merits of an investment in the fund(s).
Funds classified as Article [8/9] products under the EU Sustainable Finance Disclosure Regulation (?SFDR?) are subject to an EU classification only, and does not represent a label, approval or endorsement by the Dubai Financial Services Authority or any UAE authority. Funds that pursue ESG related objectives alongside financial objectives do so without any guarantee that such ESG objectives will be achieved. ESG data and indicators may be based on third party sources, estimates and evolving methodologies and should not be viewed as a precise or comprehensive measure of sustainability performance.
The fund(s) may be subject to investment, market, liquidity, currency, credit, counterparty, concentration and other risks as described in the applicable offering documents. Prospective investors should conduct their own due diligence and carefully consider the risks, investment objectives, costs and suitability of an investment before making any decision.
This document is intended solely for Professional Clients and Market Counterparties, as defined under the applicable rules of the Dubai Financial Services Authority (?DFSA?). It must not be relied upon by, or distributed to, Retail Clients or any other person.
The fund(s) referred to in this document are foreign fund(s) domiciled and regulated in Luxembourg by the Commission de Surveillance du Secteur Financier (?CSSF?). Unless expressly stated otherwise, they are not domiciled in, authorised by, or subject to regulation or approval by the DFSA. The DFSA has not approved, reviewed or verified this document, the prospectus or any other fund documentation, and the authority does not accept responsibility for the information contained in them or for the merits of an investment in the fund(s).
Funds classified as Article [8/9] products under the EU Sustainable Finance Disclosure Regulation (?SFDR?) are subject to an EU classification only, and does not represent a label, approval or endorsement by the Dubai Financial Services Authority or any UAE authority. Funds that pursue ESG related objectives alongside financial objectives do so without any guarantee that such ESG objectives will be achieved. ESG data and indicators may be based on third party sources, estimates and evolving methodologies and should not be viewed as a precise or comprehensive measure of sustainability performance.
The fund(s) may be subject to investment, market, liquidity, currency, credit, counterparty, concentration and other risks as described in the applicable offering documents. Prospective investors should conduct their own due diligence and carefully consider the risks, investment objectives, costs and suitability of an investment before making any decision.
Market environment