Share Class
LU2809794733
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
Equities95.9 %
Other4.1 %
Data as of: Jun 30, 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
+ 19.0 %
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+ 26.2 %
To 29/07/2025
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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+ 6.6 %
Net Asset Value
118.99 €
Asset Under Management
254 M €
Net Equity Exposure30/06/2025
95.7 %
SFDR - Fund Classification
Article
9
Data as of: Jun 30, 2025.
Data as of: Jul 29, 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: Jun 30, 2025.Fund management team
Performance commentary
Over the month of June the fund had a positive absolute return and outperformed its benchmark.
All our sub-themes contributed positively to the overall performance. Industrial Tech & Digital Infrastructure was the largest contributor to performance driven by continued performance in stocks like Broadcom and Nvidia.
Our Tech Materials bucket also continued to be a large contributor with names like TSMC, SK Hynix and Elite Materials performing well on the back of their leadership positions and long term supply agreements.
Outlook strategy
In June, we initiated new positions in the cloud & software space with names like SAP, Salesforce and Adobe on that back of recent underperformance but generating cash flows and that have the ability to invest in the AI space.
In the datacentre space we also initiated a position in Vertiv to diversify the US datacentre exposure.
We also continued building our position in MediaTek, initiated in May and increased our wait in Alphabet.
We exited two small positions we had in Applied Materials and Innodata on risks relating to China sales.
Performance Overview
Data as of: Jul 29, 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™ : © 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 30/07/2025
Carmignac Portfolio Tech Solutions Portfolio overview
Below is an overview of the composition of the portfolio.
Geographical Breakdown
Data as of: Jun 30, 2025.| North America | 67.3 % |
| Asia | 26.2 % |
| Europe | 6.6 % |
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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: Jun 30, 2025.Equity Investment Weight95.9 %
Net Equity Exposure95.7 %
Number of Equity Issuers40
Active Share58.9 %
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
Thematic equities • July 17, 2025 • English
Carmignac Portfolio Tech Solutions: A Fund that represents a long-term conviction
3 minute(s) read
Thematic equities • July 17, 2025 • English
Carmignac Portfolio Tech Solutions: Letter from the Fund Manager - Q2 2025
2 minute(s) read
Fixed Income Strategy • April 28, 2025 • English
Merger of “Climate Transition” into “Tech Solutions” in Carmignac Portfolio
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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
June witnessed a renewed appetite for risk, driving US equity indices to fresh all-time highs.
Investor sentiment was buoyed by the continued resilience of the US economy, easing political uncertainty, and signs of diminishing pressure on interest rates.
Technology and AI-related stocks led the rally, with standout performances from Nvidia, Alphabet, and Amazon.
While Wall Street outperformed other developed markets, it was surpassed by emerging markets, which benefited from a weaker US dollar.
However, European value sectors, particularly banks and industrials, outperformed the European market.